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Gas Turbine Control System Market Trends

Report ID: GMI12797
Published Date: Dec 2024
Report Format: PDF

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Gas Turbine Control System Market Trends

The industry is set for substantial growth driven by the rising demand for energy demand particularly key emerging economies along with ensuring safe and efficient business operation. Burgeoning expansion of combined cycle power plants in line with growing adoption of advanced control systems to manage complex operation will propel the business growth. Continuous innovation in control technologies including the integration of digital twins for system simulation and optimization will positively influence the product installation.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global market for gas turbine control system was reached USD 4.54 billion in 2024 and is projected to grow at a 6.2% CAGR from 2025 to 2034, driven by the increasing adoption of automation and digitalization in line with the shift toward clean energy sources.

The software segment is expected to exceed USD 2 billion by 2034, fueled by the demand for advanced monitoring, predictive maintenance, and efficiency optimization in industrial and power generation sectors.

The temperature gas turbine control system market is anticipated to grow at a rate of over 5.5% through 2034, supported by the need for reliable power generation and the transition to smart grids and renewable energy sources.

The U.S. gas turbine control system market is projected to surpass USD 1.5 billion by 2034, led by modernization and retrofitting of power plants, supportive federal policies, and the expansion of industrial infrastructure.

Key players in the industry include ABB, DEIF, Emerson Electric, Ethos Energy Group, General Electric, GTC Control Solutions, Heinzmann, Holland Controls, Honeywell International, Petrotech, Proeon Systems, Rockwell Automation, Schneider Electric, Siemens Energy, Sulzer, Turbine Controls, Valmet, Voith, and Woodward.