Industrial IoT Opens up New Opportunities for Turbine Monitoring and Control According to Latest ARC Advisory Group Research

New ARC Advisory Group research on the Turbine Monitoring and Controls market reveals that Industrial IoT-connected smart turbines and associated sensors, software, and analytics could help improve the uptime, performance, and safety of many critical industrial processes across power generation, upstream oil & gas, petrochemicals, and other heavy process industries.  ARC’s research indicates that this should contribute to overall growth of the turbine monitoring and controls market over the long term.

“Since turbines are often large, complex, maintenance-intensive assets that don’t always behave well, turbine monitoring and control systems are critical for safe operation and, in fact, are often part of a company’s license to operate,” commented Tim Shea, Senior Analyst at ARC Advisory Group.  “New Industrial IoT-enabled technologies and new industry standards are rapidly making the large current installed base of legacy turbine monitoring and control systems obsolete. As a result, despite the current market disruptions across many industrial sectors due to the COVID-19 pandemic brought on by the spread of the novel coronavirus, ARC expects to see healthy growth for the global turbine monitoring and control system market over the forecast period.”

About the Turbine Monitoring and Controls Research

This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides four-year global forecasts for the turbine monitoring and controls market.  This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis of the major suppliers to this market, plus market forecasts by industry, turbine type, deployment model, revenue, application, sales channels, and customers.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations.  These include a:

• Market Intelligence Workbook (Excel) – personalized spreadsheet includes four years of historical data in addition to the current base year market data and five-year market forecast.  This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.

• Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues.  The PDF is available with or without detailed charts.

Research Scope

STRATEGIC ANALYSIS

• Major Trends
• Regional and Industry Trends
• Strategies for Buyers and Suppliers

COMPETITIVE ANALYSIS

The research identifies all suppliers to this market, provides an overview of all leading suppliers serving this market, plus provides detailed competitive analysis including:

• Market Shares of the Leading Suppliers
• Market Shares by Region (North America, Europe/Middle East/Africa, Asia, Latin America)
• Market Shares by Revenue Category (Hardware, Software, Services)
• Market Shares by Service Revenues by Type
• Software-as-a-Service
• Other Services
• Market Shares by Primary Application (Control, Monitoring)
• Market Shares by Turbine Type (Gas, Steam, Water/Hydro)
• Market Shares by Deployment Model (Cloud, Hosted, On Premise)
• Market Shares by Industry (Automotive, Chemical, Electric Power Generation, Food & Beverage, Metals, Mining, Oil & Gas, Pulp & Paper, Refining, Water & Wastewater)
• Market Shares by Sales Channel
• Market Shares by Customer Type

MARKET FORECASTS & HISTORIES

• Total Shipments of Turbine Monitoring and Controls
• Shipments by Region
• Shipments by Revenue Category
• Shipments by Service Revenues by Type
• Shipments by Primary Application
• Shipments by Turbine Type
• Shipments by Deployment Model
• Shipments by Industry
• Shipments by Sales Channel
• Shipments by Customer Type

For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.