- New Turbomachinery Control System,
- Retrofit Turbomachinery Control System and
- Ancillary Services
Turbo Machinery Control System Market size is valued at USD 6,500.0 million in 2021 and is expected to reach a value of USD 7,950.8 million by 2028, growing at a CAGR of 2.9% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by service, application, and end user. By service, the turbo machinery control system 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 turbo machinery control system 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 2022-2028. 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 2022-2028.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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 turbo machinery control system market is projected to expand at a CAGR of 2.9% during the forecast period.
The major players in the global turbo machinery control system 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 turbo machinery control system 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,2017-2021 and Forecast, 2022-2028 |
4.1. Market Analysis,2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
5.1. New Turbomachinery Control System |
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2021 – 2027 (Revenue, USD Mn) |
6.1. Turbine Controls |
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
7.1. Power |
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2022-2028 |
9. North America Turbo Machinery Control System MarketAnalysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
9.1. By Service Type Analysis 2017-2021 and Forecast 2022-2028by 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028by 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, 2022-2028 |
9.6. North America Turbo Machinery Control System Market Dynamics – Trends |
10. Europe Turbo Machinery Control System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
10.1. By Service Type Analysis 2017-2021 and Forecast 2022-2028by 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028 |
10.6. Europe Turbo Machinery Control System Market Dynamics – Trends |
11. Asia-Pacific Turbo Machinery Control System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
11.1. By Service Type Analysis 2017-2021 and Forecast 2022-2028by 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 Analysis2017-2021 and Forecast 2022-2028 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, 2022-2028 |
11.6. Asia-Pacific Turbo Machinery Control System Market Dynamics – Trends |
12. Latin America Turbo Machinery Control System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
12.1. By Service Type Analysis 2017-2021 and Forecast 2022-2028by 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028 |
12.6. Latin America Turbo Machinery Control System Market Dynamics – Trends |
13. Middle East and Africa Turbo Machinery Control System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
13.1. By Service Type Analysis 2017-2021 and Forecast 2022-2028by 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028 |
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 |