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Global Turbine Monitoring and Controls Market 2018-2022

  • Published: Sep 2018
  • Pages: 119
  • SKU: IRTNTR22754
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The global turbine monitoring and controls market size will grow by USD 308.09 million during 2018-2022. This report offers an analysis of the market based on application (gas turbine, wind turbine, steam turbine, and hydro turbine) and geography (the Americas, APAC, and EMEA). The turbine monitoring and controls market research report further analyzes the market’s competitive landscape and offers information on several companies including ABB, Emerson Electric, Honeywell, Robert Bosch, Rockwell Automation, and Siemens.

Below are some of the key findings from the turbine monitoring and controls market research report

 

Turbine Monitoring and Controls Market

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Global turbine monitoring and controls industry overview

The development of universal turbine monitoring and control system facilitating cross-vendor compatibility is the primary factor driving turbine monitoring and controls market growth. Some vendors provide expert solutions to upgrade the existing fleet, while others offer an array of control algorithms and modules. These advanced systems provide interchangeable hardware and portable software, greater standardization, and upgradable technology with global support from established companies. This facilitates cross-vendor compatibility, and is propelling the turbine monitoring and controls market growth.

The development of CMS with advanced prognostics is a major turbine monitoring and controls market trend gaining traction. CMS with advanced prognostics is gaining popularity to fulfill the increasing demand for low cost and high-performance systems. CMS collects data from sensors on turbines and transmits them wirelessly, or by Ethernet to a single server for data processing. CMS eliminates the need for expensive sensors and electronics, by putting all the complex mathematical algorithms into cloud computing. The installation of CMS with advanced prognostics offers benefits of cost savings on sensor equipment, extensive data collection reach, and scientific data analysis approach. The turbine monitoring and controls market forecast report predicts that fueled by these factors, the market will grow at a CAGR of almost 5% during the forecast period.

Top turbine monitoring and controls companies covered in this market research report

The turbine monitoring and controls market is moderately fragmented. The market is expected to move towards concentration during the forecast period. To stay ahead of the competition, several market vendors are developing technologies to provide innovative products to customers. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this turbine monitoring and controls industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

  • ABB
  • Emerson Electric
  • Honeywell
  • Robert Bosch
  • Rockwell Automation
  • Siemens

Turbine monitoring and controls market segmentation based on geographic regions

  • Americas
  • APAC
  • EMEA

Global turbine monitoring and controls market analysis reveals that APAC will continue to dominate the turbine monitoring and controls market share. APAC will also account for the highest growth of this market throughout the forecast period.

Turbine monitoring and controls market segmentation based on application

  • Gas turbine
  • Wind turbine
  • Steam turbine
  • Hydro turbine

The gas turbine applications will lead the turbine monitoring and controls market share during the forecast period. Wind turbines will record the highest growth in the market driven by heavy surge in global wind turbine installations. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the turbine monitoring and controls market size.

Key highlights of the global turbine monitoring and controls market for the forecast years 2018-2022:

  • CAGR of the market during the forecast period 2018-2022
  • Detailed information on factors that will accelerate the growth of the turbine monitoring and controls market during the next five years
  • Precise estimation of the global turbine monitoring and controls market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the turbine monitoring and controls industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on the factors that will challenge the growth of turbine monitoring and controls companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Global turbine monitoring and controls market - Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

  • Segmentation by application
  • Comparison by application
  • Gas turbine – Market size and forecast 2017-2022
  • Wind turbine – Market size and forecast 2017-2022
  • Steam turbine – Market size and forecast 2017-2022
  • Hydro turbine – Market size and forecast 2017-2022
  • Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • APAC – Market size and forecast 2017-2022
  • Americas – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • CMS with advanced prognostics
  • Emergence of IoT
  • Development of WindTwin technology

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive Landscape
  • PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Emerson Electric
  • Honeywell
  • Robert Bosch
  • Rockwell Automation
  • Siemens

PART 15: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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