Market Size of United States Turbine Control Systems Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.59 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Turbine Control Systems Market Analysis
The market for turbine control systems in the United States is expected to grow at a CAGR of more than 3.59% during 2020 - 2025. The market is driven by the retrofitting of aging power plants, such as coal-fired and gas-fired by installing control systems to enhance the efficiency of plants, which lead to life extension of aging infrastructure. Also, the development of new natural gas power plants and combined heat and power (CHP) plants are expected to further drive the turbine control systems market in the country. However, the increasing development of solar PV and wind power is anticipated to restrain the turbine control systems market in the United States in the coming years.
- The increasing challenge, from renewable power systems leading to increase requirement of enhancement in the efficiency associated with conventional power plants to make it more competitive, is likely to create business opportunities for turbine control systems in the United States in the coming years.
