November 7, 2018 - 7:51 AM EST
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Turbomachinery Control Systems, Retrofitting & Ancillary Services - Global Market Analysis & Outlook (2018-2023) -


The "Global Turbomachinery Control Systems, Retrofitting & Ancillary Services Market - Segmented by Application, Markets Served, and Country - Growth, Trends and Forecast (2018 - 2023)" report has been added to's offering.

The abundance of natural gas, coupled with their increasing applications across various end-use industries, is expected to spur the growth of global natural gas consumption rate.
The increasing use of natural gas is expected to drive the demand for turbomachinery, which, in turn, is likely to escalate the need for turbomachinery control systems market, globally.
However, the increasing growth in the renewable power-based generation encourages the turbomachinery users to opt alternate energy production methods, which, in the long-run, reduces the deployment of turbomachinery, thereby, restraining the growth of the turbomachinery control systems market.
  • Increasing Consumption of Natural Gas Across Various Industries - Driving the Market
  • Asia-Pacific - Region with the Highest Market Share
  • Growth in Renewable Sector - A Market Restraining Factor

Developments in the Market

  • ABB had announced the acquisition of GE Industrial Solutions, GE's global electrification solutions business. ABB will acquire GE Industrial Solutions for USD 2.6 billion; the transaction will be operationally accretive in the first year. GE Industrial Solutions will be integrated into Electrification Products (EP) division of ABB, resulting in a unique global portfolio and very comprehensive offering for North American and global customers.
Companies Featured
  • ABB Group
  • Emerson Electric Co.
  • General Electric
  • Honeywell Technology Solutions
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Voith AG
  • Woodward Inc.
  • MAN Diesel & Turbo SE

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

For more information about this report visit
Laura Wood, Senior Press Manager
[email protected]
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Related Topics: Engineering, Turbines, Compressors, Industrial Automation

Source: Business Wire (November 7, 2018 - 7:51 AM EST)

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