Surging development of gas-based power infrastructure and growing industrialization are the major factors boosting the global turbine control systems market
September, 2018: The turbine control system has gained importance in recent years due to the increasing requirement to match the flexible demand for electricity supply. The turbine control system supports the complex technologies to offer the highest operational flexibility for the entire power plant, while boosting power and efficiency. The importance of control systems in turbines can be understood by the fact that globally, the turbine manufacturers have established partnerships with turbine control solution providers, to gain a competitive advantage in the industry.
The gas-based power generation is receiving huge impetus due to benefits associated with the same. As the carbon dioxide emissions across the world stood at 33.44 billion tons in the year 2017, the requirement of cleaner sources of energy, such as gas-fired power plants, are gaining importance. The gas-based power plants emit very less amount of greenhouse gases, which is very high, in case of coal-fired power plants. Moreover, the demand for peak power is increasing globally, which can be most effectively met by gas-based power generation. The retrofitting of old gas turbine plants is also expected to increase, which improves its overall performance. Thus, the surge in gas-based power infrastructure is anticipated to promulgate the turbine control systems market in the coming years, across the world.
Globally, the governments have formulated policies to promulgate the clean energy technologies. Moreover, the technological advancements about clean energy have sufficed the deployment of clean energy systems. The cost of a solar PV panel was 73% between 2010 and 2017, on account of technological development and economies of scale, and the current total solar capacity is 5.46 times, of what it was in 2011. The environmental concerns have led to curtailment of coal-based power generation in a few countries, and solar power generation is replacing it. Therefore, the surge in solar power infrastructure is posing a huge challenge for the turbine control systems market.
Globally, the focus has increased on inculcating sophistication in the industrial sector, by the implementation of the latest automation and control technologies. The market opportunities for turbine control systems emanate from existing installed turbines and upcoming installations.
The report “Turbine Control Systems Market Segmentation by Type, by Function, by Component, and by Geography” is now available, and can be purchased directly at:
Turbine Control Systems market segmentation based on type, function, component, and regional coverage,
Turbine Control Systems Market, by Type:
Turbine Control Systems Market, by Function:
Turbine Control Systems Market, by Component:
Turbine Control Systems Market, by Region:
Middle East & Africa
About Mordor Intelligence LLP
Mordor Intelligence operates in the business of industry analysis and consulting, helping clients shape their strategic decisions. In today’s fast-paced and competitive business environment, every customer has a unique information requirement. Having understood this, we offer custom market intelligence and advisory services, along with our syndicated reports, to help them gain an edge over competition. We have successfully catered to over 500 clients across the following industries. For more insights, please visit, https://www.mordorintelligence.com