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United States Turbine Control Systems Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4828243
  • Report
  • Region: United States
  • 70 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • ABB Ltd
  • Emerson Electric Co.
  • General Electric Company
  • Rockwell Automation Inc.
  • Siemens AG
  • MORE
Market Overview

The market for turbine control systems in the United States is expected to grow at a CAGR of approximately 3.59% during the forecast period of 2019 – 2024. The market is driven by the retrofitting of aging power plants, such as coal-fired and gas-fired by installing control systems to enhance the efficiency of plants, which lead to life extension of aging infrastructure. Also, the development of new natural gas power plants and combined heat and power (CHP) plants are expected to further drive the turbine control systems market in the country. However, the increasing development of solar PV and wind power is anticipated to restrain the turbine control systems market in the United States in the coming years.
  • The increasing challenge, from renewable power systems leading to increase requirement of enhancement in the efficiency associated with conventional power plants to make it more competitive, is likely to create business opportunities for turbine control systems in the United States in the coming years.
Key Market Trends

Development of New Power Plants to Drive the Demand
  • In the United States, the development of new power plants, especially, the natural gas power plants and combined heat and power (CHP) plants, are likely to provide a huge impetus to turbine control systems market in coming years.
  • In Ohio, four power projects, with a combined capacity of around 4600 MW, are under development. The project includes two gas-fired, high-efficiency combustion gas turbines with two heat recovery steam generators and two steam turbines. The plants are expected to commence commercial operations by the second quarter of 2021.
  • The natural gas supply in the United States has witnessed growth in recent years, which is likely to continue in coming years, riding on vast reserves of natural gas in the country.
  • The total supply of natural gas in the country witnessed an increase of 12 percent, during the first half of 2018 in comparison to the first half of 2017. The increase in the supply of natural gas is leading to declining in its cost which, in turn, enhances the economic viability of gas-based power generation.
  • In May 2018, the US Energy Information Administration anticipated that about 21 GW of gas-fired power may enter service in the year 2018. The growth in gas-based power generation infrastructure in the United States is likely to provide a big boost to the turbine control system market.
Competitive Landscape

The United States turbine control systems market is highly fragmented. Some of the major companies include Siemens AG, Emerson Electric Company, General Electric Company, ABB Ltd, and Rockwell Automation.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd
  • Emerson Electric Co.
  • General Electric Company
  • Rockwell Automation Inc.
  • Siemens AG
  • MORE
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD million, till 2024
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 PESTLE Analysis

5 COMPETITIVE LANDSCAPE
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Key Company Profiles
5.3.1 Siemens AG
5.3.2 Emerson Electric Co.
5.3.3 General Electric Company
5.3.4 ABB Ltd
5.3.5 Rockwell Automation Inc.

6 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Siemens AG
  • Emerson Electric Co.
  • General Electric Company
  • ABB Ltd
  • Rockwell Automation Inc.
Note: Product cover images may vary from those shown
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