Instrumentation and Controls for Steam Turbine Retrofit Market

Instrumentation and Controls for Steam Turbine Retrofit Market

Segments - Instrumentation and Control for Steam Turbine Retrofit Market by Instrumentation and Controls (sensors, actuators, software, controllers, and others)), by Function (temperature control, speed control, load control, pressure control, and others), by Application (power and mechanical), by Power Range(1-5 MW, 6-20 MW, 21-100 MW, 101-250 MW, 251-700 MW, 701-1200 MW, and >1200 MW), by End-use Industry(oil and gas, shipping, power generation, fertilizers, and others) and Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2030

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-5359 | 4.7 Rating | 65 Reviews | 352 Pages | Format : PDF Excel PPT

Report Description


Instrumentation and Control for Steam Turbine Retrofit Market Outlook

The global Instrumentation and Control for Steam Turbine Retrofit market was valued at USD 450.3 million in 2022 and is projected to reach USD 659.0 million by 2030, expanding at a CAGR of 4.2% during the forecast period 2023 – 2030.

In 2021 and 2022, a significant surge in electricity demand was registered, driven by the global economic recovery. Electricity demand rose by 2.6% in 2022 in the US. Rising electrification of the transportation industry globally is increasing the electricity demand, driving the demand for instrumentation and control for steam turbine retrofit as retrofitting allows companies to increase their power generation capacity.


Old steam turbines undergo modifications that compromise safety, as they are frequently run with some degree of mechanical wear to the OEM governor and mechanical overspeed device.

Instrumentation and Control for Steam Turbine Retrofit Market Market Outlook

A retrofit also increases the unit's dependability and availability by minimizing frequent nuisance trips and cutting down on repair time related to outdated and inefficient equipment. Old equipment maintenance is costly, and replacement service parts are not always easily accessible. These retrofits also address issues with contamination from oil. The steam turbine is retrofitted to address several control problems.

A steam turbine mechanical retrofit involves the turbine shaft speed measurement (speed sensor), the control (high-speed digital controller), and the control element (the actuator for the steam turbine governor valve).

Market Dynamics

Driver: Increasing Demand for Power

Electricity demand decreased by 1% in 2020 globally, owing to the prevalence of the COVID-19 pandemic as well as mild temperatures across major developed and developing countries. In 2021 and 2022, a significant surge in electricity demand was registered, driven by the global economic recovery. Electricity demand rose by 2.6% in 2022 in the US.

Rising electrification of the transportation industry globally is increasing the electricity demand. Steam turbines are typically installed to generate power. The average efficiency of a large steam turbine is more than 45%, which makes it economical to utilize steam turbines.

Thus, consistent growth has been registered in the demand for steam turbines for electricity generation. Steam turbines work on various parameters, such as temperature, pressure, load, speed, and other vital control processes.

The retrofit service is crucial in maintaining the instrumentation and control systems to enhance the operations of the steam turbine. Moreover, the increasing number of steam turbines across industries is contributing to the revenue of retrofitting services. Maintenance of the control systems is mandated after a period of 6-month intervals. Thus, an ever-increasing demand for electricity adds to the revenue generation in the market.

Driver: Increasing Environmental Awareness

Steam electric power plants release large volumes of wastewater, containing huge quantities of pollutants, into water. The pollutants include both toxic and bio-accumulative pollutants, such as arsenic, lead, mercury, selenium, chromium, and cadmium.

Pollutants discharged by this industry result in severe health and environmental problems in the form of cancer and non-cancer risks in humans, lowered IQ among children, and deformities and reproductive harm in fish and wildlife.

Thus, retrofitting services have been mandated in several nations to improve the capabilities of the power plants, due to increasing awareness regarding the negative consequences of steam turbine-based electric plants.


Today's commercial transactions are interconnected, which raises the cost of downtime (the time during which a machine or plant is unavailable for use). The average annual cost of application downtime among Fortune 1000 organizations ranges from USD 1.25 billion to USD 2.5 billion. Critical application failure costs USD 500,000 to USD 1 million per hour, with infrastructure failure costing an average of USD 100,000 per hour.

These statistics are considerably impacted by abnormalities in the power supply. Thus, retrofitting of the obsolete instrumentation and control systems is crucial for increasing the efficiency of the plants. Power plant owners are consistently looking for upgrades, thus fostering the market growth.

Equipment modernization does not always require significant capital expenditure. Retrofit operations cost up to 65% less than new installations. They require less manpower and are quick to install, reducing installation risks and production downtime. They are also affordable.


Upgrading coal-fired power stations with a simple control system lowers emissions by more than 80%. Most coal-fired power plants in the US have been able to cut sulfur oxides (Sox) and particulate matter emissions by up to 90% to 99%, as the control system has improved over the past several decades. According to a study conducted by Harvard University, replacing coal-fired power stations with alternatives that have Sox control systems lowers the prevalence of the cardiovascular disease globally.

Each 10% reduction in Sox emissions from coal-fired power stations is expected to reduce the prevalence of the cardiovascular disease by 0.75 %. Although it is unlikely that the coal power plants are shut down permanently, retrofitting the well-developed control systems can help the local resident’s health to a significant extent. Thus, the market for retrofitting is expected to grow in the near future.

Restraint: Emissions from Coal-based Power Plants

Coal is widely used in developing nations such as India and China as a low-cost fuel for power generation. The adjacent figure represents the operating number of coal power plants in major nations. These also represent the upcoming retrofit projects in the respective regions. Steam turbines are extensively used in these plants as a mechanism for electricity generation.

However, coal-fired power plants emit greenhouse gases, such as carbon dioxide, as well as various air pollutants, such as particulate matter and heavy metals, most of which are known carcinogens. Sulfur dioxide (SO2) is emitted over 2,500 times more from coal-fired power plants than from natural gas plants, and one thousand times more than from oil plants.

This adds up to the healthcare expenditure for people exposed to it, or for those residents who live far away from power plants. Thus, a rapid phase-out of coal-based power plants impacts the market to a significant extent. Additionally, maintaining old equipment is expensive and spare service parts are not always readily available. These factors restrain market growth.

Opportunity: Increasing Emphasis on Renewable Energy

Steam turbines are frequently utilized in the renewable energy sector. Power generation plants, including solar, geothermal, biomass, waste-to-energy, and seawater desalination, employ steam turbines for the purpose of electricity generation. In the past decade, developing, as well as advanced nations, faced gas scarcity and high fuel prices.

This resulted in high deployment of renewables. Additionally, this has resulted in a phase-out of coal plants rapidly. However, coal plant phase-out has been a complex task for nations that are highly reliant on coal, and the emphasis on renewable energy has been increasing significantly at a global level.

According to the reports of The International Renewable Energy Agency (IRENA) on World Energy Outlook 2022, energy security concerns, especially in Europe, are pushing policymakers to look for rapid deployment of alternatives, with renewables, energy efficiency, and hydrogen leading as source.

Moreover, the cost of solar photovoltaic (PV) modules, has decreased by 99% over the past 40 years, due to technological advancements and the mass production of solar panels, and is projected to continue to do so during the forecast period as well. Moreover, upcoming projects for renewable energy generation are anticipated to create growth opportunities in the market.

Scope of the Report

The report on the global Instrumentation and Control for Steam Turbine Retrofit market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Instrumentation and Control for Steam Turbine Retrofit Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2022

Historic Data

2015–2021

Forecast Period

2023–2030

Segmentation

by Instrumentation and Controls (sensors, actuators, software, controllers, and others)), by Function (temperature control, speed control, load control, pressure control, and others), by Application (power and mechanical), by Power Range (1-5 MW, 6-20 MW, 21-100 MW, 101-250 MW, 251-700 MW, 701-1200 MW, and >1200 MW), by End-use Industry (oil and gas, shipping, power generation, fertilizers, and others).

Regional Scope

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

ABB, C.C. JENSEN A/S, CCC LLC., Doosan Corporation, Emerson Electric Co., General Electric, MAN Energy Solutions, MITSUBISHI HEAVY INDUSTRIES, LTD, MSHS, Rockwell Automation, Siemens Energy, Turbine Controls Ltd., TOSHIBA CORPORATION.

Segmental Outlook

The global Instrumentation and Control for Steam Turbine Retrofit market is segmented on the basis of Instrumentation and Controls, Function, Application, Power Range, End-use Industry.

In Terms of function, the global instrumentation and controls for the steam turbine retrofit market is segmented into temperature control, speed control, load control, pressure control, and others.

The speed control segment held a market share of XX% in 2021. The most crucial component of motors or turbines is speed control, as it reduces the amount of power needed to run the machine. In steam turbines, the speed control segment, which also performs acceleration and speed limiting, is frequently favored. The demand for speed control is increasing, as it is possible to maintain the desired output power while reducing stress on the components of the turbine by adjusting the speed of it.

The load control segment held a market share of XX% in 2021. Rapidly growing population and developing economies are driving the demand for power. Power plants are expected to produce additional electricity to meet this increasing demand.

Load controls help to ensure that steam turbines are operating at maximum efficiency, which help in increasing their output to meet the high demand for electricity.

Instrumentation and Control for Steam Turbine Retrofit Market Function

In Terms of application, the global instrumentation and controls for steam turbine retrofit market is segmented into power and mechanical.

The mechanical segment held a market share of XX% in 2022. The mechanical drive steam turbine has applications in refineries, iron & steel, fertilizers, ethylene, gasification / air separation units (ASU), purified terephthalic acid (PTA), and others.

The power output of mechanical drive turbines varies from around 25 hp (18 kW) or less to about 150,000 hp (110 MW). They are widely utilized in petrochemical and refinery plants, as the processes in these plants generate additional heat to drive steam. Mechanical drive steam turbines are used in marine propulsion, district heating, textile mills, sugar mills, paper mills, and oil & gas industry.

In terms of the end-use Industry, the global instrumentation and controls for the steam turbine retrofit market is segmented into oil and gas, shipping, power generation, fertilizers, and others.

The oil and gas segment is expected to expand at a CAGR of XX% during the forecast period, as steam turbines are well suited as prime movers for driving boiler feedwater pumps or air compressors, and support dozens of operations in the oil and gas industry. Maintaining reliable and repeatable control of turbines is essential for refineries to meet efficiency targets and avoid downtime for costly maintenance. This is made possible by identifying and implementing appropriate propulsion technology, which is creating high demand for refinery retrofits.

The shipping segment held XX% market share in 2022, due to the increasing adoption of Combined Gas Turbine, Electric, And Steam Systems (COGES) on ships. Switching to the COGES propulsion system is expected to increase the ship's fuel efficiency by 30%. This allows shipowners to raise charter rates and recapture opportunities in a market dominated by dual-fuel diesel engines. The average retrofit period is 10 to 15 years for LNG carriers.

Instrumentation and Control for Steam Turbine Retrofit Market End Use Industry

Regional Outlook

The Instrumentation and Control for Steam Turbine Retrofit market in Asia Pacific is estimated to expand at a CAGR of XX% during the forecast period, due to the rising retrofits in power plants and sugar plants. China has 946 coal control plants that majorly works on steam turbines. These turbines are in operation for 20 to 25 years, which requires retrofitting to be effective. This factor drives the market in China. China is the major manufacturer of polyolefin.

Increasing unused on-purpose propylene capacity in the country is expected to drive the market in China in the coming years. The market in Asia Pacific is increasing, due to the rising significance of thermal capacity additions and the beneficial impact of the utilization of geothermal energy. The increasing utilization of cogeneration technology along with the flourishing industrial sector boost the market in the region. For instance, China has a 1.0 million MW power plant capacity.

Instrumentation and Control for Steam Turbine Retrofit Market Region

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Instrumentation and Control for Steam Turbine Retrofit Market
  • Historical, Current, and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints, and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Instrumentation and Control for Steam Turbine Retrofit Market Performance

Segments

By Instrumentation and Controls

  • Sensors
  • Actuators
  • Software
  • Controllers
  • Others

By Function

  • Temperature Control
  • Speed Control
  • Load Control
  • Pressure Control
  • Others

By Application

  • Power
  • Mechanical

By Power Range

  • 1-5 MW
  • 6-20 MW
  • 21-100 MW
  • 101-250 MW
  • 251-700 MW
  • 701-1200 MW
  • >1200 MW

By End-use Industry

  • Oil and Gas
  • Shipping
  • Power Generation Plants
  • Fertilizers
  • Others

Key Market Players Profiled in the Report

  • ABB
  • C.C. JENSEN A/S
  • CCC LLC.
  • Emerson Electric Co.
  • General Elec
  • MAN Energy Solutions
  • MITSUBISHI HEAVY INDUSTRIES, LTD
  • MSHS
  • Rockwell Automation
  • Siemens Energy
  • Turbine Controls Ltd.
  • TOSHIBA CORPORATION
  • Doosan Corporation

Competitive Landscape

  • Key players operating in the market are ABB, C.C. JENSEN A/S, CCC LLC., Doosan Corporation, Emerson Electric Co., General Electric, MAN Energy Solutions, MITSUBISHI HEAVY INDUSTRIES, LTD, MSHS, Rockwell Automation, Siemens Energy, Turbine Controls Ltd., TOSHIBA CORPORATION. These companies are considered as key manufacturers of Instrumentation and Control for Steam Turbine Retrofit based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
  • Players are adopting key strategies such as acquisitions, collaborations, and geographical expansion for potential opportunities in the Instrumentation and Control for Steam Turbine Retrofit market.
Instrumentation and Control for Steam Turbine Retrofit Market Key Players

Frequently Asked Questions

Additional company profiles are provided on request

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The global Instrumentation and Control for Steam Turbine Retrofit market is projected to expand at a rapid pace globally, owing to the Increasing demand for power and Increasing need for energy-efficient steam turbines.

According to this Growth Market Reports report, the global Instrumentation and Control for Steam Turbine Retrofit market is expected to register a CAGR of 4.2% during the forecast period, 2023-2030, with an anticipated valuation of USD 659.0 million by the end of 2030.

Factors such as Increasing Demand for Power, Increasing Focus on Energy-efficiency, Ageing Steam Turbines, Technology Advancements, and others are analyzed in the final report.

Major players include ABB, C.C. JENSEN A/S, CCC LLC., Doosan Corporation, Emerson Electric Co., General Electric, MAN Energy Solutions, MITSUBISHI HEAVY INDUSTRIES, LTD, MSHS, Rockwell Automation, Siemens Energy, Turbine Controls Ltd., TOSHIBA CORPORATION.

The base year considered for the global Instrumentation and Control for Steam Turbine Retrofit market report is 2022. The complete analysis period is 2015 to 2030, wherein, 2015 to 2021 are the historic years, and the forecast is provided from 2023 to 2030.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Instrumentation and Controls for Steam Turbine Retrofit Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Instrumentation and Controls for Steam Turbine Retrofit Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Instrumentation and Controls for Steam Turbine Retrofit Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Instrumentation and Controls for Steam Turbine Retrofit Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Instrumentation and Controls for Steam Turbine Retrofit Market Size & Forecast, 2015-2030
      4.5.1 Instrumentation and Controls for Steam Turbine Retrofit Market Size and Y-o-Y Growth
      4.5.2 Instrumentation and Controls for Steam Turbine Retrofit Market Absolute $ Opportunity
   4.6 Nuclear Retrofit Market: Overview
   4.7 Nuclear Retrofit Market: Competitive Dashboard
   4.8 Growth of Turbine Fleet/Annum (Numbers of Turbines)
   4.9 The Number Of Steam Turbines by Power Range (Units), 2021
   4.10 Nuclear Steam Turbine Retrofitted by Year, 2015-2030
   4.11 Number of Steam Turbines Retrofitted by Year, 2015-2030
Chapter 5 Global Instrumentation and Controls for Steam Turbine Retrofit Market Analysis and Forecast By Instrumentation and Controls
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Instrumentation and Controls
      5.1.2 Basis Point Share (BPS) Analysis By Instrumentation and Controls
      5.1.3 Absolute $ Opportunity Assessment By Instrumentation and Controls
   5.2 Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Instrumentation and Controls
      5.2.1 Sensors
      5.2.2 Actuators
      5.2.3 Software
      5.2.4 Controllers
      5.2.5 Others
   5.3 Market Attractiveness Analysis By Instrumentation and Controls
Chapter 6 Global Instrumentation and Controls for Steam Turbine Retrofit Market Analysis and Forecast By Function
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Function
      6.1.2 Basis Point Share (BPS) Analysis By Function
      6.1.3 Absolute $ Opportunity Assessment By Function
   6.2 Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Function
      6.2.1 Temperature Control
      6.2.2 Speed Control
      6.2.3 Load Control
      6.2.4 Pressure Control
      6.2.5 Others
   6.3 Market Attractiveness Analysis By Function
Chapter 7 Global Instrumentation and Controls for Steam Turbine Retrofit Market Analysis and Forecast By Application
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Application
      7.1.2 Basis Point Share (BPS) Analysis By Application
      7.1.3 Absolute $ Opportunity Assessment By Application
   7.2 Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Application
      7.2.1 Power
      7.2.2 Mechanical
   7.3 Market Attractiveness Analysis By Application
Chapter 8 Global Instrumentation and Controls for Steam Turbine Retrofit Market Analysis and Forecast By Power Range
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By Power Range
      8.1.2 Basis Point Share (BPS) Analysis By Power Range
      8.1.3 Absolute $ Opportunity Assessment By Power Range
   8.2 Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Power Range
      8.2.1 1-5 MW
      8.2.2 6-20 MW
      8.2.3 21-100 MW
      8.2.4 101-250 MW
      8.2.5 251-700 MW
      8.2.6 701-1200 MW
      8.2.7 >1200 MW
   8.3 Market Attractiveness Analysis By Power Range
Chapter 9 Global Instrumentation and Controls for Steam Turbine Retrofit Market Analysis and Forecast By End-use Industry
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities By End-use Industry
      9.1.2 Basis Point Share (BPS) Analysis By End-use Industry
      9.1.3 Absolute $ Opportunity Assessment By End-use Industry
   9.2 Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By End-use Industry
      9.2.1 Oil and Gas
         9.2.1.1 Polyolefins
         9.2.1.2 Refineries
         9.2.1.3 Others
      9.2.2 Shipping
      9.2.3 Power Generation Plants
      9.2.4 Fertilizers
      9.2.5 Others
   9.3 Market Attractiveness Analysis By End-use Industry
Chapter 10 Global Instrumentation and Controls for Steam Turbine Retrofit Market Analysis and Forecast by Region
   10.1 Introduction
      10.1.1 Key Market Trends & Growth Opportunities by Region
      10.1.2 Basis Point Share (BPS) Analysis by Region
      10.1.3 Absolute $ Opportunity Assessment by Region
   10.2 Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast by Region
      10.2.1 North America
      10.2.2 Europe
      10.2.3 Asia Pacific
      10.2.4 Latin America
      10.2.5 Middle East & Africa (MEA)
   10.3 Market Attractiveness Analysis by Region
Chapter 11 Coronavirus Disease (COVID-19) Impact
   11.1 Introduction
   11.2 Current & Future Impact Analysis
   11.3 Economic Impact Analysis
   11.4 Government Policies
   11.5 Investment Scenario
Chapter 12 North America Instrumentation and Controls for Steam Turbine Retrofit Analysis and Forecast
   12.1 Introduction
   12.2 North America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast by Country
      12.2.1 U.S.
      12.2.2 Canada
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 North America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Instrumentation and Controls
      12.6.1 Sensors
      12.6.2 Actuators
      12.6.3 Software
      12.6.4 Controllers
      12.6.5 Others
   12.7 Basis Point Share (BPS) Analysis By Instrumentation and Controls
   12.8 Absolute $ Opportunity Assessment By Instrumentation and Controls
   12.9 Market Attractiveness Analysis By Instrumentation and Controls
   12.10 North America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Function
      12.10.1 Temperature Control
      12.10.2 Speed Control
      12.10.3 Load Control
      12.10.4 Pressure Control
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By Function
   12.12 Absolute $ Opportunity Assessment By Function
   12.13 Market Attractiveness Analysis By Function
   12.14 North America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Application
      12.14.1 Power
      12.14.2 Mechanical
   12.15 Basis Point Share (BPS) Analysis By Application
   12.16 Absolute $ Opportunity Assessment By Application
   12.17 Market Attractiveness Analysis By Application
   12.18 North America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Power Range
      12.18.1 1-5 MW
      12.18.2 6-20 MW
      12.18.3 21-100 MW
      12.18.4 101-250 MW
      12.18.5 251-700 MW
      12.18.6 701-1200 MW
      12.18.7 >1200 MW
   12.19 Basis Point Share (BPS) Analysis By Power Range
   12.20 Absolute $ Opportunity Assessment By Power Range
   12.21 Market Attractiveness Analysis By Power Range
   12.22 North America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By End-use Industry
      12.22.1 Oil and Gas
         12.22.1.1 Polyolefins
         12.22.1.2 Refineries
         12.22.1.3 Others
      12.22.2 Shipping
      12.22.3 Power Generation Plants
      12.22.4 Fertilizers
      12.22.5 Others
   12.23 Basis Point Share (BPS) Analysis By End-use Industry
   12.24 Absolute $ Opportunity Assessment By End-use Industry
   12.25 Market Attractiveness Analysis By End-use Industry
Chapter 13 Europe Instrumentation and Controls for Steam Turbine Retrofit Analysis and Forecast
   13.1 Introduction
   13.2 Europe Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast by Country
      13.2.1 Germany
      13.2.2 France
      13.2.3 Italy
      13.2.4 U.K.
      13.2.5 Spain
      13.2.6 Russia
      13.2.7 Rest of Europe
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Europe Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Instrumentation and Controls
      13.6.1 Sensors
      13.6.2 Actuators
      13.6.3 Software
      13.6.4 Controllers
      13.6.5 Others
   13.7 Basis Point Share (BPS) Analysis By Instrumentation and Controls
   13.8 Absolute $ Opportunity Assessment By Instrumentation and Controls
   13.9 Market Attractiveness Analysis By Instrumentation and Controls
   13.10 Europe Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Function
      13.10.1 Temperature Control
      13.10.2 Speed Control
      13.10.3 Load Control
      13.10.4 Pressure Control
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis By Function
   13.12 Absolute $ Opportunity Assessment By Function
   13.13 Market Attractiveness Analysis By Function
   13.14 Europe Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Application
      13.14.1 Power
      13.14.2 Mechanical
   13.15 Basis Point Share (BPS) Analysis By Application
   13.16 Absolute $ Opportunity Assessment By Application
   13.17 Market Attractiveness Analysis By Application
   13.18 Europe Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Power Range
      13.18.1 1-5 MW
      13.18.2 6-20 MW
      13.18.3 21-100 MW
      13.18.4 101-250 MW
      13.18.5 251-700 MW
      13.18.6 701-1200 MW
      13.18.7 >1200 MW
   13.19 Basis Point Share (BPS) Analysis By Power Range
   13.20 Absolute $ Opportunity Assessment By Power Range
   13.21 Market Attractiveness Analysis By Power Range
   13.22 Europe Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By End-use Industry
      13.22.1 Oil and Gas
         13.22.1.1 Polyolefins
         13.22.1.2 Refineries
         13.22.1.3 Others
      13.22.2 Shipping
      13.22.3 Power Generation Plants
      13.22.4 Fertilizers
      13.22.5 Others
   13.23 Basis Point Share (BPS) Analysis By End-use Industry
   13.24 Absolute $ Opportunity Assessment By End-use Industry
   13.25 Market Attractiveness Analysis By End-use Industry
Chapter 14 Asia Pacific Instrumentation and Controls for Steam Turbine Retrofit Analysis and Forecast
   14.1 Introduction
   14.2 Asia Pacific Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast by Country
      14.2.1 China
      14.2.2 Japan
      14.2.3 South Korea
      14.2.4 India
      14.2.5 Australia
      14.2.6 South East Asia (SEA)
      14.2.7 Rest of Asia Pacific (APAC)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Asia Pacific Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Instrumentation and Controls
      14.6.1 Sensors
      14.6.2 Actuators
      14.6.3 Software
      14.6.4 Controllers
      14.6.5 Others
   14.7 Basis Point Share (BPS) Analysis By Instrumentation and Controls
   14.8 Absolute $ Opportunity Assessment By Instrumentation and Controls
   14.9 Market Attractiveness Analysis By Instrumentation and Controls
   14.10 Asia Pacific Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Function
      14.10.1 Temperature Control
      14.10.2 Speed Control
      14.10.3 Load Control
      14.10.4 Pressure Control
      14.10.5 Others
   14.11 Basis Point Share (BPS) Analysis By Function
   14.12 Absolute $ Opportunity Assessment By Function
   14.13 Market Attractiveness Analysis By Function
   14.14 Asia Pacific Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Application
      14.14.1 Power
      14.14.2 Mechanical
   14.15 Basis Point Share (BPS) Analysis By Application
   14.16 Absolute $ Opportunity Assessment By Application
   14.17 Market Attractiveness Analysis By Application
   14.18 Asia Pacific Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Power Range
      14.18.1 1-5 MW
      14.18.2 6-20 MW
      14.18.3 21-100 MW
      14.18.4 101-250 MW
      14.18.5 251-700 MW
      14.18.6 701-1200 MW
      14.18.7 >1200 MW
   14.19 Basis Point Share (BPS) Analysis By Power Range
   14.20 Absolute $ Opportunity Assessment By Power Range
   14.21 Market Attractiveness Analysis By Power Range
   14.22 Asia Pacific Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By End-use Industry
      14.22.1 Oil and Gas
         14.22.1.1 Polyolefins
         14.22.1.2 Refineries
         14.22.1.3 Others
      14.22.2 Shipping
      14.22.3 Power Generation Plants
      14.22.4 Fertilizers
      14.22.5 Others
   14.23 Basis Point Share (BPS) Analysis By End-use Industry
   14.24 Absolute $ Opportunity Assessment By End-use Industry
   14.25 Market Attractiveness Analysis By End-use Industry
Chapter 15 Latin America Instrumentation and Controls for Steam Turbine Retrofit Analysis and Forecast
   15.1 Introduction
   15.2 Latin America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast by Country
      15.2.1 Brazil
      15.2.2 Mexico
      15.2.3 Rest of Latin America (LATAM)
   15.3 Basis Point Share (BPS) Analysis by Country
   15.4 Absolute $ Opportunity Assessment by Country
   15.5 Market Attractiveness Analysis by Country
   15.6 Latin America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Instrumentation and Controls
      15.6.1 Sensors
      15.6.2 Actuators
      15.6.3 Software
      15.6.4 Controllers
      15.6.5 Others
   15.7 Basis Point Share (BPS) Analysis By Instrumentation and Controls
   15.8 Absolute $ Opportunity Assessment By Instrumentation and Controls
   15.9 Market Attractiveness Analysis By Instrumentation and Controls
   15.10 Latin America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Function
      15.10.1 Temperature Control
      15.10.2 Speed Control
      15.10.3 Load Control
      15.10.4 Pressure Control
      15.10.5 Others
   15.11 Basis Point Share (BPS) Analysis By Function
   15.12 Absolute $ Opportunity Assessment By Function
   15.13 Market Attractiveness Analysis By Function
   15.14 Latin America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Application
      15.14.1 Power
      15.14.2 Mechanical
   15.15 Basis Point Share (BPS) Analysis By Application
   15.16 Absolute $ Opportunity Assessment By Application
   15.17 Market Attractiveness Analysis By Application
   15.18 Latin America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Power Range
      15.18.1 1-5 MW
      15.18.2 6-20 MW
      15.18.3 21-100 MW
      15.18.4 101-250 MW
      15.18.5 251-700 MW
      15.18.6 701-1200 MW
      15.18.7 >1200 MW
   15.19 Basis Point Share (BPS) Analysis By Power Range
   15.20 Absolute $ Opportunity Assessment By Power Range
   15.21 Market Attractiveness Analysis By Power Range
   15.22 Latin America Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By End-use Industry
      15.22.1 Oil and Gas
         15.22.1.1 Polyolefins
         15.22.1.2 Refineries
         15.22.1.3 Others
      15.22.2 Shipping
      15.22.3 Power Generation Plants
      15.22.4 Fertilizers
      15.22.5 Others
   15.23 Basis Point Share (BPS) Analysis By End-use Industry
   15.24 Absolute $ Opportunity Assessment By End-use Industry
   15.25 Market Attractiveness Analysis By End-use Industry
Chapter 16 Middle East & Africa (MEA) Instrumentation and Controls for Steam Turbine Retrofit Analysis and Forecast
   16.1 Introduction
   16.2 Middle East & Africa (MEA) Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast by Country
      16.2.1 Saudi Arabia
      16.2.2 South Africa
      16.2.3 UAE
      16.2.4 Rest of Middle East & Africa (MEA)
   16.3 Basis Point Share (BPS) Analysis by Country
   16.4 Absolute $ Opportunity Assessment by Country
   16.5 Market Attractiveness Analysis by Country
   16.6 Middle East & Africa (MEA) Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Instrumentation and Controls
      16.6.1 Sensors
      16.6.2 Actuators
      16.6.3 Software
      16.6.4 Controllers
      16.6.5 Others
   16.7 Basis Point Share (BPS) Analysis By Instrumentation and Controls
   16.8 Absolute $ Opportunity Assessment By Instrumentation and Controls
   16.9 Market Attractiveness Analysis By Instrumentation and Controls
   16.10 Middle East & Africa (MEA) Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Function
      16.10.1 Temperature Control
      16.10.2 Speed Control
      16.10.3 Load Control
      16.10.4 Pressure Control
      16.10.5 Others
   16.11 Basis Point Share (BPS) Analysis By Function
   16.12 Absolute $ Opportunity Assessment By Function
   16.13 Market Attractiveness Analysis By Function
   16.14 Middle East & Africa (MEA) Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Application
      16.14.1 Power
      16.14.2 Mechanical
   16.15 Basis Point Share (BPS) Analysis By Application
   16.16 Absolute $ Opportunity Assessment By Application
   16.17 Market Attractiveness Analysis By Application
   16.18 Middle East & Africa (MEA) Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By Power Range
      16.18.1 1-5 MW
      16.18.2 6-20 MW
      16.18.3 21-100 MW
      16.18.4 101-250 MW
      16.18.5 251-700 MW
      16.18.6 701-1200 MW
      16.18.7 >1200 MW
   16.19 Basis Point Share (BPS) Analysis By Power Range
   16.20 Absolute $ Opportunity Assessment By Power Range
   16.21 Market Attractiveness Analysis By Power Range
   16.22 Middle East & Africa (MEA) Instrumentation and Controls for Steam Turbine Retrofit Market Size Forecast By End-use Industry
      16.22.1 Oil and Gas
         16.22.1.1 Polyolefins
         16.22.1.2 Refineries
         16.22.1.3 Others
      16.22.2 Shipping
      16.22.3 Power Generation Plants
      16.22.4 Fertilizers
      16.22.5 Others
   16.23 Basis Point Share (BPS) Analysis By End-use Industry
   16.24 Absolute $ Opportunity Assessment By End-use Industry
   16.25 Market Attractiveness Analysis By End-use Industry
Chapter 17 Competition Landscape
   17.1 Instrumentation and Controls for Steam Turbine Retrofit Market: Competitive Dashboard
   17.2 Global Instrumentation and Controls for Steam Turbine Retrofit Market: Market Share Analysis, 2022
   17.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      17.3.1 ABB
      17.3.2 C.C.JENSEN A/S
      17.3.3 CCC LLC.
      17.3.4 Doosan Corporation
      17.3.5 GENERAL ELECTRIC
      17.3.6 MAN Energy Solutions
      17.3.7 MSHS
      17.3.8 Rockwell Automation
      17.3.9 Siemens Energy
      17.3.10 Turbine Controls Ltd.
      17.3.11 TOSHIBA CORPORATION
      17.3.12 MITSUBISHI HEAVY INDUSTRIES, LTD
      17.3.13 Emerson Electric Co

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