Global Turbine Control Systems Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Global Turbine Control Systems Market Forecast to 2023 Global Turbine Control Systems Market - Overview The global turbine control systems market is expected to grow at a CAGR of 4.73% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global turbine control systems market is mainly driven by the growing demand for wind turbines in wind energy generation projects. Wind energy has come up as a viable renewable energy source in the last few years, with several governments setting up infrastructure to support long-term and large-scale use of wind power for electricity generation. The merits of wind energy include the fact that it comes from a renewable resource, i.e. wind. The environmental footprint of wind power is drastically lower compared to conventional forms of electricity generation, which has made it an attractive proposition for energy regulatory bodies around the world. Turbine control systems provide one-stop control over turbine systems, allowing the operators to run the operations smoothly and without difficulties. The global turbine control systems market has also been driven by the growing demand for automation in the power generation sector, as automation makes everything easier and less complicated than before. Turbine control systems can control the speed of turbines as well as watching out for anomalies and risks in terms of temperature and pressure. The comprehensive coverage provided by turbine control systems is likely to drive the global turbine control systems market over the forecast period. A prominent factor extending the global turbine control systems market growth is rising awareness about the positive effects of renewable energy on the environment. The second factor proliferating the market growth include complementary regulations enforced for the large-scale adoption of renewable energy. However, the requirement of substantial initial investment can cause glitches in the market growth.
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Global Turbine Control Systems Market Forecast to 2023 Global Turbine Control Systems Market - Industry News A team comprising of engineers from General Electric (GE) and Southwest Research Institute have designed, built and tested the highest temperature supercritical carbon dioxide (sCO2) turbine in the world. 8 APR 2019 According to a new contract won by Bilfinger UK from Voith Hydro, the former is to deliver electrical services, mechanical services, installation services, and maintenance services at the 360-MW Ffestiniog pumped storage station in North Wales. Forming part of a significant restoration project that is likely to complete in 2020, this deal involves refurbished the two turbine-generator units. 18 APR 2019 In February 2019, Inox Wind and AMSC made an agreement to make AMSC the exclusive supplier of electric control systems for Inox’s 3-MW turbines. Inox operates in the growing India market, where wind power is a relatively recent addition to the power generation scenario and has vast potential for growth. In August 2018, Ingeteam began production of wind power converters and control cabinets at its production facility in Tamil Nadu, India. Browse Full Report @ https://www.marketresearchfuture.com/reports/turbine-control-
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Global Turbine Control Systems Market Forecast to 2023 MARKET SEGMENT Global Turbine Control Systems Market - Segments The global turbine control systems market is segmented on the basis of type, function, component, and region. By type, the global turbine control systems market is segmented into steam turbines, gas turbines, and others. Steam turbines dominate the global turbine control systems market and are likely to retain a strong lead over the forecast period. By function, the global turbine control systems market is segmented into pressure control, speed control, temperature control, load control, and others. The speed control segment is likely to accrue the highest revenue for the global turbine control systems market over the forecast period due to the growing number of wind power projects being established in a number of countries around the world. The load control segment is also expected to exhibit rapid growth over the forecast period. By component, the global turbine control systems market is segmented into software, controllers, sensors, HMI, and others. The software segment is expected to dominate the global turbine control systems market over the forecast period.
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Global Turbine Control Systems Market Forecast to 2023 KEY PLAYER Key Players:
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Mita-Teknik, HPI LLC, Spica Technology ApS, Turbine Controls Ltd., DNV GL AS, Proeon Systems Ltd., Innoway Future Solutions, Heinzmann GmbH & Co. KG, Woodward Inc., Siemens AG, Rockwell Automation Inc., General Electric, Honeywell International Inc., Emerson Electric Co., and ABB. 5
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