Turbine Control System Market Analysis APAC,North America,Europe,South America,Middle East and Africa - US,China,India,Germany,UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 185 SKU: IRTNTR71678

Turbine Control System Market Forecast 2023-2027

The turbine control system market size is estimated to grow by USD 3.75 billion at a CAGR of 4.05% between 2022 and 2027. The growth of the market depends on several factors such as universal turbine monitoring and control systems enabling cross-vendor compatibility, a rise in Wind Energy generation and use, and growing investments in Renewable Energy sources. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario. It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the Size of the Turbine Control System Market During the Forecast Period?

 Market Forecast 2023-2027

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Market Segmentation by Component, Type, and Geography 

Component Segment Analysis: 

The sensors segment will account for a major share of the market's growth during the forecast period.?Sensors are critical components that are widely used. These sensors allow to monitoring of turbine temperature control, pressure, vibration, and flow to ensure both safety and optimal performance. Due to the growing need for efficient and reliable power generation, the sensor segment of the global market for turbine control systems is experiencing significant growth.

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 The sensors segment was valued at USD 4,295.99 million in 2017 and continued to grow until 2021.?Pressure sensors also help to ensure optimal operating conditions. Advances in sensor technology, such as the integration of IoT and artificial intelligence (AI) capabilities, are making systems commonplace in power plants around the world. This will increase the acceptance of sensors as a component of the global market, driving the growth of the market during the forecast period.

Type Segment Analysis: 

Based on type, the market has been segmented into gas turbine control system, wind, steam, and hydro. The gas turbine components will account for the largest share of this segment.?The performance of gas turbines and associated accessories degrades during operation, which is usually unavoidable due to the temperature, speed, power output of the engine, and the operating range of the environment in which the engine is installed. Key factors driving the demand for gas turbines include an increasing need to replace coal-fired power plants with natural gas power plants, improving the efficiency of combined cycle gas turbines (CCGTs), low power generation and levelized cost of electricity (LCOE) from gas turbines, increased petrochemical activity, and expanding global oil and gas pipeline network Therefore, increased adoption is expected in the gas turbine application segment, which will drive the growth of the market during the forecast period.

Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. 

Key Driver- Universal turbine monitoring and control systems enable cross-vendor compatibility

The market is seeing a lot of technological advancements as most of the major players are spending more on research and development. For example, Emerson supplies state-of-the-art control systems for all Siemens industrial turbines. As a former  OEM manufacturer of these turbines, Emerson also offers professional solutions and upgrades for industrial turbines.

Similarly, PROEON has developed a series of control algorithms and software modules that run on Rockwell ControlLogix and Siemens S7 PLC controllers. These systems offer interchangeable hardware and portable software, a high degree of standardization, supplier independence, upgradeable technology with global support from established companies, and cross-supplier compatibility. This is anticipated to propel the growth of the global market during the forecast period.

Major Trends- Development of digital twin technology in wind turbines

While digital twin wind technology is still being researched and developed, Wind Twin aims to provide solutions that help to reduce the increasing operating and maintenance costs associated with wind turbine operation. It also aims to assist in optimizing wind power generation by providing wind turbines that are running more reliably. The technological advancements that Wind Twin promises will help to reduce turbine downtime as well as overall inspection and maintenance costs.

Additionally, its signal processing and condition monitoring algorithms will be applied to the turbines to collect the necessary operational data, which will enable turbine operators to obtain real-time data. on asset performance. In addition, the technology will allow wind turbine operators to virtualize maintenance upgrades prior to deployment, which will allow for greater control over wind turbine parameters, thereby optimizing performance and wind turbine performance. Due to these factors, the market is expected to grow significantly during the forecast period.

Significant Challenge- False alarms cast doubts on the reliability of turbine parts

The turbine monitoring system module receives information from all system, subsystem, and component levels. In some cases, the monitoring systems installed on the turbines have set off false alarms and the reliability of these systems is questionable. This leads to unnecessary maintenance of the system. These false alarms can be costly and a critical subsystem alarm will shut down the turbine until the turbine components are inspected by a trained technician.

Moreover, false alarms affect the overall operation of the turbine. These failures usually require the complete replacement of the entire turbine component, which is very expensive. Mechanical failures therefore result in false alarms within the system, affecting the overall functioning of the system. Due to these factors, the market is expected to experience growth challenges during the forecast period.

Regional Analysis

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APAC is estimated to contribute 44% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The rapid proliferation of renewable energy projects and the rising demand for power across the world have been the main driving factors for market growth in the region. Japan, China, and India have become important players in the sector. Rapid penetration of renewable energy projects and increasing demand for electricity across the globe are the main drivers of market growth in the region. Japan, China, and India have become major players in the sector.

Furthermore, Japan's transition to greener energy sources in the post-Fukushima era has accelerated the adoption in the Japanese power generation industry. As APAC countries continue to explore sustainable alternative energy sources, the market is expected to continue growing during the forecast period.

Who are the Major Turbine Control System Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Siemens AG: The company offers SPPA R3000 Turbine Controls.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

ABB Ltd., American Superconductor Corp., Baker Hughes Co., Compressor Controls Corp., Emerson Electric Co., General Electric Co., Heinzmann GmbH and Co. KG, Honeywell International Inc., HPI Energy Services LLC, Innoway Future Solutions Pte Ltd., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Proeon Systems Ltd., Robert Bosch GmbH, Rockwell Automation Inc., Rolls Royce Holdings Plc, Vestas Wind Systems AS, Woodward Inc., and Solar Turbines Inc. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027. 

  • Component Outlook (USD Million, 2017 - 2027)
    • Sensors
    • HMI
    • Controllers
    • Software
    • Others
  • Type Outlook (USD Million, 2017 - 2027)
    • Gas turbine control system
    • Wind turbine control system
    • Steam turbine control system
    • Hydro turbine control system
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is driven by the need for operational productivity in various industries, including power generation. Technology developers are continuously innovating to address industry-specific challenges and enhance the efficiency of turbine operations. Organizations investing in these systems often experience improvements in their annual revenues due to enhanced control and monitoring capabilities. The market is driven by various factors including government regulations promoting renewable energy infrastructure like solar photovoltaic generation and biofuels. It encompasses speed control, manual control , and operator interference control, ensuring thermal power plants efficiency and power supply reliability in thermal and gas turbine power plants. With innovative technologies and sensors ensuring precise control in wind turbine application and steam turbine control system applications, it addresses the energy demand of developing nations amidst urbanization and industrialization, offering a reliable source of electricity across end-use sectors.

Recent market developments have led to the adoption of advanced turbine control systems, which offer improved performance and reliability. These systems are crucial for controlling various power generation technologies, ensuring optimal operation and safety. As industries strive to improve their operational efficiency, the demand is expected to rise, driving further innovation in the field.

 

Market Scope

Report Coverage

Details

Page number

185

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.05%

Market growth 2023-2027

USD 3,746.09 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.44

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 44%

Key countries

US, China, India, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., American Superconductor Corp., Baker Hughes Co., Compressor Controls Corp., Emerson Electric Co., General Electric Co., Heinzmann GmbH and Co. KG, Honeywell International Inc., HPI Energy Services LLC, Innoway Future Solutions Pte Ltd., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Proeon Systems Ltd., Robert Bosch GmbH, Rockwell Automation Inc., Rolls Royce Holdings Plc, Siemens AG, Vestas Wind Systems AS, Woodward Inc., and Solar Turbines Inc.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global turbine control system market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global turbine control system market 2017 - 2021 ($ million)
    • 4.2 Component Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Component

    • 6.1 Market segments
      • Exhibit 30: Chart on Component - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
    • 6.2 Comparison by Component
      • Exhibit 32: Chart on Comparison by Component
      • Exhibit 33: Data Table on Comparison by Component
    • 6.3 Sensors - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Sensors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Sensors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Sensors - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Sensors - Year-over-year growth 2022-2027 (%)
    • 6.4 HMI - Market size and forecast 2022-2027
      • Exhibit 38: Chart on HMI - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on HMI - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on HMI - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on HMI - Year-over-year growth 2022-2027 (%)
    • 6.5 Controllers - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Controllers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Controllers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Controllers - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Controllers - Year-over-year growth 2022-2027 (%)
    • 6.6 Software - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Software - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Software - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Component
      • Exhibit 54: Market opportunity by Component ($ million)
      • Exhibit 55: Data Table on Market opportunity by Component ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Gas turbine control system - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Gas turbine control system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Gas turbine control system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Gas turbine control system - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Gas turbine control system - Year-over-year growth 2022-2027 (%)
    • 7.4 Wind turbine control system - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Wind turbine control system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Wind turbine control system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Wind turbine control system - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Wind turbine control system - Year-over-year growth 2022-2027 (%)
    • 7.5 Steam turbine control system - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Steam turbine control system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Steam turbine control system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Steam turbine control system - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Steam turbine control system - Year-over-year growth 2022-2027 (%)
    • 7.6 Hydro turbine control system - Market size and forecast 2022-2027
      • Exhibit 72: Chart on Hydro turbine control system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Data Table on Hydro turbine control system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Chart on Hydro turbine control system - Year-over-year growth 2022-2027 (%)
      • Exhibit 75: Data Table on Hydro turbine control system - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 76: Market opportunity by Type ($ million)
      • Exhibit 77: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 79: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 80: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 81: Chart on Geographic comparison
      • Exhibit 82: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 115: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 119: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 120: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 121: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 122: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 123: Market opportunity by geography ($ million)
      • Exhibit 124: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 125: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 127: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 128: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 129: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 130: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 131: ABB Ltd. - Overview
              • Exhibit 132: ABB Ltd. - Business segments
              • Exhibit 133: ABB Ltd. - Key offerings
              • Exhibit 134: ABB Ltd. - Segment focus
            • 12.4 American Superconductor Corp.
              • Exhibit 135: American Superconductor Corp. - Overview
              • Exhibit 136: American Superconductor Corp. - Business segments
              • Exhibit 137: American Superconductor Corp. - Key offerings
              • Exhibit 138: American Superconductor Corp. - Segment focus
            • 12.5 Baker Hughes Co.
              • Exhibit 139: Baker Hughes Co. - Overview
              • Exhibit 140: Baker Hughes Co. - Business segments
              • Exhibit 141: Baker Hughes Co. - Key news
              • Exhibit 142: Baker Hughes Co. - Key offerings
              • Exhibit 143: Baker Hughes Co. - Segment focus
            • 12.6 Emerson Electric Co.
              • Exhibit 144: Emerson Electric Co. - Overview
              • Exhibit 145: Emerson Electric Co. - Business segments
              • Exhibit 146: Emerson Electric Co. - Key news
              • Exhibit 147: Emerson Electric Co. - Key offerings
              • Exhibit 148: Emerson Electric Co. - Segment focus
            • 12.7 General Electric Co.
              • Exhibit 149: General Electric Co. - Overview
              • Exhibit 150: General Electric Co. - Business segments
              • Exhibit 151: General Electric Co. - Key news
              • Exhibit 152: General Electric Co. - Key offerings
              • Exhibit 153: General Electric Co. - Segment focus
            • 12.8 Heinzmann GmbH and Co. KG
              • Exhibit 154: Heinzmann GmbH and Co. KG - Overview
              • Exhibit 155: Heinzmann GmbH and Co. KG - Product / Service
              • Exhibit 156: Heinzmann GmbH and Co. KG - Key offerings
            • 12.9 Honeywell International Inc.
              • Exhibit 157: Honeywell International Inc. - Overview
              • Exhibit 158: Honeywell International Inc. - Business segments
              • Exhibit 159: Honeywell International Inc. - Key news
              • Exhibit 160: Honeywell International Inc. - Key offerings
              • Exhibit 161: Honeywell International Inc. - Segment focus
            • 12.10 Kawasaki Heavy Industries Ltd.
              • Exhibit 162: Kawasaki Heavy Industries Ltd. - Overview
              • Exhibit 163: Kawasaki Heavy Industries Ltd. - Business segments
              • Exhibit 164: Kawasaki Heavy Industries Ltd. - Key news
              • Exhibit 165: Kawasaki Heavy Industries Ltd. - Key offerings
              • Exhibit 166: Kawasaki Heavy Industries Ltd. - Segment focus
            • 12.11 Mitsubishi Heavy Industries Ltd.
              • Exhibit 167: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 168: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 169: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 170: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 171: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.12 Rockwell Automation Inc.
              • Exhibit 172: Rockwell Automation Inc. - Overview
              • Exhibit 173: Rockwell Automation Inc. - Business segments
              • Exhibit 174: Rockwell Automation Inc. - Key news
              • Exhibit 175: Rockwell Automation Inc. - Key offerings
              • Exhibit 176: Rockwell Automation Inc. - Segment focus
            • 12.13 Rolls Royce Holdings Plc
              • Exhibit 177: Rolls Royce Holdings Plc - Overview
              • Exhibit 178: Rolls Royce Holdings Plc - Business segments
              • Exhibit 179: Rolls Royce Holdings Plc - Key news
              • Exhibit 180: Rolls Royce Holdings Plc - Key offerings
              • Exhibit 181: Rolls Royce Holdings Plc - Segment focus
            • 12.14 Siemens AG
              • Exhibit 182: Siemens AG - Overview
              • Exhibit 183: Siemens AG - Business segments
              • Exhibit 184: Siemens AG - Key news
              • Exhibit 185: Siemens AG - Key offerings
              • Exhibit 186: Siemens AG - Segment focus
            • 12.15 Solar Turbines Inc.
              • Exhibit 187: Solar Turbines Inc. - Overview
              • Exhibit 188: Solar Turbines Inc. - Product / Service
              • Exhibit 189: Solar Turbines Inc. - Key offerings
            • 12.16 Vestas Wind Systems AS
              • Exhibit 190: Vestas Wind Systems AS - Overview
              • Exhibit 191: Vestas Wind Systems AS - Business segments
              • Exhibit 192: Vestas Wind Systems AS - Key news
              • Exhibit 193: Vestas Wind Systems AS - Key offerings
              • Exhibit 194: Vestas Wind Systems AS - Segment focus
            • 12.17 Woodward Inc.
              • Exhibit 195: Woodward Inc. - Overview
              • Exhibit 196: Woodward Inc. - Business segments
              • Exhibit 197: Woodward Inc. - Key news
              • Exhibit 198: Woodward Inc. - Key offerings
              • Exhibit 199: Woodward Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 200: Inclusions checklist
                • Exhibit 201: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 202: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 203: Research methodology
                • Exhibit 204: Validation techniques employed for market sizing
                • Exhibit 205: Information sources
              • 13.5 List of abbreviations
                • Exhibit 206: 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.

                INFORMATION 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

                DATA 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

                REPORT WRITING

                Qualitative

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

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
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                • What are the factors influencing the growth of the parent market?

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