Turbine Monitoring and Controls

The Turbine Monitoring and Controls market research study delivers current market analysis plus a five-year market and technology forecast. This report provides a concise analysis of the turbine monitoring and controls market.  The scope of the research is primarily on the aftermarket and retrofit opportunity. The study is available in multiple editions including worldwide, all regions, and most major countries.

Turbine Monitoring and Controls Enable Turbine Optimization

Companies face continued challenges to raise productivity, lower production costs, lower oil extraction and refinement costs, reduce manufacturing operating expenses, and increase return on investment in order to compete in the global market.  Optimizing turbine performance and up-time can play a critical role in helping companies realize operational excellence.

The Turbine Monitoring & Controls market, including hardware, software, and services, is somewhat dynamic with major segments experiencing strong product innovation.  This market has tremendous opportunities with steady growth driven by replacement of legacy turbine monitoring & controls with new features to fulfill many market demands and increase their value proposition, such as the growing demand for smart connected products based on Industrial IoT.

The drive for process manufacturing productivity growth, for which turbine optimization is critical, is pushing companies to invest in new turbine monitoring and controls for various process industries applications driven by cross-industry movements, including digitalization, Industrial IoT, and Industrie 4.0.  Furthermore, the advances in data quality, software processing, and ease of use continue to increase the value proposition for end users.

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Actionable Information on Turbine Monitoring and Controls Market

In addition to providing a five-year market forecast, the Turbine Monitoring & Controls market research market research report provides detailed quantitative current market data and addresses key strategic issues for both suppliers and potential buyers of these systems.

Operational Challenges Across a Plethora of industries Mandate Turbine Optimization

Companies operating turbines in the plant or on the offshore platform continue to face the challenges of increasing efficiency, reducing energy consumption, and maintaining turbine and related process operational uptime (i.e., minimizing downtime).  Investing in new and improved turbine monitoring and controls across all three turbine types covered has been benefiting most users. The turbine monitoring & controls market has requirements, standards, and capabilities that vary by industry. The study addresses the unique requirements and standards for turbine monitoring & controls used by a broad base of industries. 

Impact of COVID-19 Pandemic Felt in 2020 But Recovery Coming in 2021

While the COVID-19 pandemic did not impact the 2019 demand for turbine monitoring & controls, the market projections do take into account industry trends with our best estimates for how COVID-19 will impact the turbine monitoring & controls market in different industries.