Turbo Machinery Control System Market: By Service Type, By Application, By End User and Region Forecast 2020-2031
Turbo Machinery Control System Market: By Service Type, By Application, By End User and Region Forecast 2020-2031
Turbo Machinery Control System Market size was valued at US$ 19.6 billion in 2024 and is expected to reach US$ 26.3 billion by 2031, growing at a significant CAGR of 4.3% from 2025-2031. The global market provides a detailed overview and that can be segmented by service, application, and end user. By service, the market has been segmented into new turbomachinery control systems, retrofit turbomachinery control systems and ancillary services.
The new turbomachinery control system segment is likely to be the largest and fastest-growing segment in terms of service. Based on application, the market is segmented into turbine controls, steam turbine controls, gas turbine controls and compressor controls. Among these, the turbine controls segment is expected to have the fastest-growing market during the forecast period 2023-2029. On the basis of end user, the market is segregated into power, oil and gas, chemical, metals and mining and other end users. Among these, the oil and gas segment is expected to have the fastest-growing market during the forecast period 2023-2029.
Study Period
2025-2031Base Year
2024CAGR
4.3%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
To reduce carbon emissions from traditional fuels, governments all around the world are switching to greener energy sources. Customers will be encouraged to convert to renewable energy sources, reducing the requirement for turbomachinery as a result of this trend. As a result, over the projected period, the market for turbomachinery control systems is expected to grow moderately.
The Asia Pacific market is expected to witness the highest market share during the forecast period. The market's increasing industrialization and urbanization can be attributed to this expansion. Switchgears are also in high demand in established regions for grid modernization. North America held a considerable market share during estimated period. The turbomachinery control system in the region is expected to grow in popularity as a result of the stable demand for industrial equipment.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2025-2031 |
|
Market Size in 2024 |
US$ 19.6 billion |
|
Market Size in 2031 |
US$ 26.3 billion |
|
Market CAGR |
4.3% |
|
By Service Type |
|
|
By Application |
|
|
By End User |
|
|
By Region |
|
Download Free Sample Report
Turbo machinery control system market size was valued at US$ 19.6 billion in 2024 and is expected to reach US$ 26.3 billion by 2031, growing at a significant CAGR of 4.3%.
The major players in the market are ABB Group, Elliot Group, Emerson US, General Electric, HollySys, Honeywell Technology, Rockwell Automation, Schneider Electric SE, Siemens AG, Tri sen Systems Corporation, Voith AG and Woodward.
Asia Pacific is the fastest-growing region for the market
| 1. Executive Summary |
| 2. Global Turbo Machinery Control System Market Introduction |
| 2.1. Global Turbo Machinery Control System Market - Taxonomy |
| 2.2. Global Turbo Machinery Control System Market -Definitions |
| 2.2.1. Service Type |
| 2.2.2. Application |
| 2.2.3. End User |
| 3. Global Turbo Machinery Control System Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Turbo Machinery Control System Market Dynamic Factors - Impact Analysis |
| 3.6. Global Turbo Machinery Control System Market - Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Turbo Machinery Control System Market Analysis, 2020-2024 and Forecast 2025-2031 |
| 4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Turbo Machinery Control System Market, By Service Type, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.1. New Turbomachinery Control System |
| 5.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Retrofit Turbomachinery Control System and Ancillary Services |
| 5.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Turbo Machinery Control System Market Forecast, By Application, 2019-2023 and Forecast, 2021 - 2027 (Revenue, USD Mn) |
| 6.1. Turbine Controls |
| 6.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Steam Turbine Controls |
| 6.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Gas Turbine Controls |
| 6.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Compressor Controls |
| 6.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Turbo Machinery Control System Market, By End User, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.1. Power |
| 7.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Oil and Gas |
| 7.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Chemical |
| 7.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Metals and Mining |
| 7.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Turbo Machinery Control System Market Forecast, By Region, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Turbo Machinery Control System Market - Opportunity Analysis Index, By Service Type, Application, End User and Region, 2024-2030 |
| 9. North America Turbo Machinery Control System MarketAnalysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 9.1. By Service Type Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. New Turbomachinery Control System |
| 9.1.2. Retrofit Turbomachinery Control System and Ancillary Services |
| 9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Turbine Controls |
| 9.2.2. Steam Turbine Controls |
| 9.2.3. Gas Turbine Controls |
| 9.2.4. Compressor Controls |
| 9.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Power |
| 9.3.2. Oil and Gas |
| 9.3.3. Chemical |
| 9.3.4. Metals and Mining |
| 9.3.5. Other End Users |
| 9.4. Country Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Turbo Machinery Control System Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2024-2030 |
| 9.6. North America Turbo Machinery Control System Market Dynamics - Trends |
| 10. Europe Turbo Machinery Control System Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 10.1. By Service Type Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. New Turbomachinery Control System |
| 10.1.2. Retrofit Turbomachinery Control System and Ancillary Services |
| 10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Turbine Controls |
| 10.2.2. Steam Turbine Controls |
| 10.2.3. Gas Turbine Controls |
| 10.2.4. Compressor Controls |
| 10.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Power |
| 10.3.2. Oil and Gas |
| 10.3.3. Chemical |
| 10.3.4. Metals and Mining |
| 10.3.5. Other End Users |
| 10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Turbo Machinery Control System Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2024-2030 |
| 10.6. Europe Turbo Machinery Control System Market Dynamics - Trends |
| 11. Asia-Pacific Turbo Machinery Control System Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 11.1. By Service Type Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. New Turbomachinery Control System |
| 11.1.2. Retrofit Turbomachinery Control System and Ancillary Services |
| 11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Turbine Controls |
| 11.2.2. Steam Turbine Controls |
| 11.2.3. Gas Turbine Controls |
| 11.2.4. Compressor Controls |
| 11.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Power |
| 11.3.2. Oil and Gas |
| 11.3.3. Chemical |
| 11.3.4. Metals and Mining |
| 11.3.5. Other End Users |
| 11.4. Country Analysis2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Turbo Machinery Control System Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2024-2030 |
| 11.6. Asia-Pacific Turbo Machinery Control System Market Dynamics - Trends |
| 12. Latin America Turbo Machinery Control System Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 12.1. By Service Type Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. New Turbomachinery Control System |
| 12.1.2. Retrofit Turbomachinery Control System and Ancillary Services |
| 12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Turbine Controls |
| 12.2.2. Steam Turbine Controls |
| 12.2.3. Gas Turbine Controls |
| 12.2.4. Compressor Controls |
| 12.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Power |
| 12.3.2. Oil and Gas |
| 12.3.3. Chemical |
| 12.3.4. Metals and Mining |
| 12.3.5. Other End Users |
| 12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Turbo Machinery Control System Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2024-2030 |
| 12.6. Latin America Turbo Machinery Control System Market Dynamics - Trends |
| 13. Middle East and Africa Turbo Machinery Control System Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 13.1. By Service Type Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. New Turbomachinery Control System |
| 13.1.2. Retrofit Turbomachinery Control System and Ancillary Services |
| 13.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Turbine Controls |
| 13.2.2. Steam Turbine Controls |
| 13.2.3. Gas Turbine Controls |
| 13.2.4. Compressor Controls |
| 13.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Power |
| 13.3.2. Oil and Gas |
| 13.3.3. Chemical |
| 13.3.4. Metals and Mining |
| 13.3.5. Other End Users |
| 13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Turbo Machinery Control System Market - Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2024-2030 |
| 13.6. MEA Turbo Machinery Control System Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Application& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. ABB Group |
| 14.2.2. Elliot Group |
| 14.2.3. Emerson US |
| 14.2.4. General Electric |
| 14.2.5. HollySys |
| 14.2.6. Honeywell Technology |
| 14.2.7. Rockwell Automation |
| 14.2.8. Schneider Electric SE |
| 14.2.9. Siemens AG |
| 14.2.10. Tri sen Systems Corporation |
| 14.2.11. Voith AG |
| 14.2.12. Woodward |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Download Sample
