The global steam turbine control system market is expected to grow at a significant CAGR during the forecast period (2021-2027). Turbine control systems are digital systems that regulate and protect many types of turbines, such as hydro, steam, wind, and gas turbines. Algorithms and electronics operations included in the hardware and software components power the turbine control system. Owing to the increased demand for renewable energy projects and government measures to support them, the turbine control system market is growing at a quicker rate. Turbines are the most essential capital equipment investment as they are utilized in steam turbine power generation, oil and gas, and process facilities. Turbine control systems are also closely related to production and plant safeguarding.

Turbine control systems are critical in the energy generation, manufacturing, and process sectors. Turbine control systems increase turbine equipment production by increasing its efficiency. Natural gas' availability, along with its growing uses across a variety of end-user sectors, particularly power production, is projected to drive global natural gas consumption. The increasing usage of natural gas is expected to drive demand for turbine-based power plants, which will, in turn, drive demand for steam turbine control systems. 

Many countries, including the US, China, and UK, have begun to transition away from coal and toward natural gas or renewable energy to cut emissions. Natural gas demand increased by 4.6 % in 2018, due to the implementation of efficient gas turbines and the inherent environmental benefits associated with natural gas. Natural gas-based power production now accounts for more than half of global demand growth. According to a new Environmental Impact (EIA) study, the US gas demand increased by 10% in 2018. The electricity industry has led this growth.

Except for the US, China's natural gas consumption is anticipated to outpace all other countries, according to the EIA. By 2024, China is anticipated to account for more than 40% of global gas demand growth, owing to rising power consumption. As a result of the steam-fired power generation, these nations are projected to generate significant demand for steam turbine control systems during the forecast period.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Component 

o By Function 

• Regions Covered- 

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- ABB Ltd., Siemens AG, General Electric Co., Emerson Electric Co., and Honeywell International Inc. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Steam Turbine Control System Market Report 

By Component

• HMI
• Sensors
• Controllers
• Software
• Others

By Function

• Temperature Control
• Speed Control
• Load Control
• Pressure Control
• Others

By Region