デフォルト表紙
市場調査レポート
商品コード
1373195

ターボ機械制御システム、レトロフィット、アンシラリーサービス市場- 世界の産業規模、シェア、動向、機会、予測、用途別、エンドユーザー産業別、サービスタイプ別、地域別、競合、2018~2028年

Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Application, By End-user Industry, By Service Type, By Region, By Competition


出版日
ページ情報
英文 190 Pages
納期
2~3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.99円

こちらのレポートには、数時間(ご購入金額の10%)分のアナリストへの質問/追加調査サービスが含まれております。

ターボ機械制御システム、レトロフィット、アンシラリーサービス市場- 世界の産業規模、シェア、動向、機会、予測、用途別、エンドユーザー産業別、サービスタイプ別、地域別、競合、2018~2028年
出版日: 2023年10月03日
発行: TechSci Research
ページ情報: 英文 190 Pages
納期: 2~3営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 目次
概要

世界のターボ機械制御システム、レトロフィット、アンシラリーサービス市場は、2022年に25億7,000万米ドルと評価され、2028年までのCAGRは3.09%で、予測期間中に力強い成長を予測しています。

ターボ機械制御システム、レトロフィット、アンシラリーサービス市場は、産業およびエネルギー産業におけるダイナミックで多面的なセクターを指します。この市場には、タービン、コンプレッサー、関連機器を含むターボ機械システムの最適化、メンテナンス、強化に特化したさまざまな製品とサービスが含まれます。

ターボ機械制御システム:このセグメントには、ターボ機械の運転を制御する高度な制御システムの設計、開発、製造が含まれます。これらのシステムには、自動化、監視、データ分析、安全機能が含まれ、さまざまな産業用途における正確な制御、効率性、信頼性を可能にしています。

市場概要
予測期間 2024~2028年
2022年の市場規模 25億7,000万米ドル
2028年の市場規模 31億1,000万米ドル
CAGR 2023~2028年 3.09%
急成長セグメント コンプレッサー制御
最大市場 アジア太平洋

改造サービス:レトロフィットサービスとは、既存のターボ機械設備を最新の制御システムと技術で改造またはアップグレードすることです。このプロセスは、老朽化したターボ機械の性能、エネルギー効率、寿命を向上させ、現代の業界標準や環境規制に適合させることを目的としています。

技術の複雑さ:

ターボ機械の制御システムは、長年にわたって大きく進化してきました。現在では、自動化、遠隔監視、予知保全、リアルタイムデータ解析などの高度な機能が組み込まれています。これらの機能は性能と効率を向上させる一方で、設計、製造、設置、メンテナンスに高度な技術的専門知識を要求します。さらに、制御システムは厳しい安全基準や環境基準を満たす必要があり、設計と統合をさらに複雑にしています。このような複雑なレベルを達成するためには、しばしば専門的なスキルとリソースが必要となり、開発コストの増加につながります。

統合の課題:

ターボ機械制御システム市場における最も重要な課題の一つは、高度な制御システムを既存のインフラにシームレスに統合することです。多くの産業施設では、老朽化したターボ機械設備が稼動しており、それらは本質的に最新の制御技術に適合していない可能性があります。これらのシステムを新しい制御装置で改修するには、複雑なエンジニアリング・ソリューションが必要になることが多く、運転の中断につながる可能性があります。さらに、データ管理プラットフォームや企業資源計画(ERP)システムなど、産業施設内の他のシステムとの相互運用性も、統合の課題となり得ます。制御システムと他のコンポーネント間の全体的で効率的なデータフローを実現することは、オペレーションを最適化し、望ましい結果を達成するために不可欠です。

課題への対応

これらの課題を克服するために、業界は、制御システムの設計を簡素化し、より使いやすくし、統合プロセスを合理化することに焦点を当てた研究開発に投資する必要があります。制御システムメーカー、エンジニアリング会社、およびエンドユーザー間のコラボレーションは、複雑さを軽減し、相互運用性を高める標準化されたソリューションにつながります。現代の複雑な制御システムを効果的に操るために必要なスキルを労働者に身につけさせるためには、訓練と教育プログラムも極めて重要です。政府や業界団体は、こうしたプログラムを促進し、継続的な学習とスキル開発のためのインセンティブを提供する役割を果たすことができます。さらに、シミュレーションと仮想化技術の使用は、実装前に制御システム設計の徹底的なテストと検証を可能にすることで、統合リスクを軽減するのに役立ちます。このアプローチは、運用の中断を最小限に抑え、互換性の問題に対処するコストを削減します。

まとめると、最新のターボ機械制御システムの技術的な複雑さと、既存のインフラへの統合に関する課題は、業界にとって大きなハードルです。しかし、研究、開発、トレーニング、および協力における協調的な努力によって、これらの課題に効果的に対処することができ、市場が継続的に進化し、さまざまな産業用途に効率的で持続可能な信頼性の高いソリューションを提供できるようになります。

規制遵守と環境の持続可能性

ターボ機械制御システム、レトロフィット、アンシラリーサービス市場は、規制遵守と環境持続可能性の推進に関連する継続的な課題に直面しています。これらの課題は、産業と地球の長期的な健全性にとって不可欠である一方、効果的に対処しなければならない複雑さとコストをもたらすものでもあります。

規制の遵守:

世界各国の政府は、ターボ機械を使用するさまざまな産業において、安全性、排出制御、運用基準の強化を目的とした厳しい規制を導入しています。これらの規制は時とともに変化することが多く、製造業者とエンドユーザーは厳格なコンプライアンス基準を遵守する必要があります。ターボ機械を使用する産業や用途が多様であるため、これらのコンプライアンス要件を満たすことは困難な場合があります。さまざまなセクターが独自の規制フレームワークと基準を持つ可能性があり、さまざまなコンプライアンスニーズに対応できる適応性のある制御システム設計が必要になります。

環境の持続可能性:

気候変動と環境の持続可能性に関する懸念の高まりは、ターボ機械に依存するものを含む産業運営に対する監視の強化につながっています。企業は、二酸化炭素排出量を削減し、排出を最小限に抑え、より環境に優しい技術を採用するよう迫られています。最新の制御システムは、エネルギー効率と排出削減に貢献することができますが、既存の設備をこれらのシステムで改修することは、資本集約的である可能性があります。さらに、よりクリーンなエネルギー源への移行には、多額の初期費用がかかることが多いです。

課題への対応:

ターボ機械制御システム市場は、規制遵守と環境持続可能性の課題を克服するため、積極的なアプローチを取る必要があります。これには以下が含まれる:

継続的な規制監視:製造業者とサービスプロバイダーは、各業界における規制の最新情報を常に入手する必要があります。この積極的なアプローチにより、現在および将来のコンプライアンス要件に沿った制御システムの開発が可能になります。

柔軟な設計ソリューション:制御システムメーカーは、さまざまな規制ニーズに対応できるようにカスタマイズ可能な製品を設計する必要があります。この柔軟性により、制御システムがさまざまな産業分野の特定の要件に適応できるようになります。

エコ技術への投資:業界は、よりエネルギー効率が高く、環境に優しい制御システムを生み出すための研究開発に投資すべきです。政府や業界団体は、環境に優しい技術開発のためのインセンティブや資金を提供することができます。

ライフサイクル分析:企業はライフサイクル評価を実施し、ターボ機械を高度な制御システムで改修することによる環境への影響を評価すべきです。この分析は、長期的な環境的・経済的メリットを強調することで、初期費用を正当化するのに役立ちます。

コラボレーションと知識の共有:業界団体と政府は、コンプライアンスと持続可能性のためのベストプラクティスを開発するために、利害関係者間の協力と知識の共有を促進することができます。このような努力の積み重ねにより、規制要件を満たし、業界の環境フットプリントを削減するための努力を効率化することができます。

結論として、ターボ機械制御システム、改修、補助サービス市場における規制遵守と環境持続可能性の課題は、複雑ではあるが、対処することが不可欠です。常に情報を入手し、柔軟なソリューションを採用し、環境に優しい技術に投資し、ライフサイクル分析を実施し、協力関係を促進することで、業界はこれらの課題をクリアしながら、さまざまな部門におけるターボ機械アプリケーションのより持続可能でコンプライアンスに準拠した未来に貢献することができます。

セグメント別洞察

石油・ガス洞察

石油・ガス分野は、2022年に最大の市場シェアを占め、予測期間中もそれを維持すると予想されます。石油・ガスセクターは、抽出、輸送、精製、流通などの様々な重要プロセスにおいて、コンプレッサ、タービン、ポンプなどのターボ機械に大きく依存しています。これらのターボ機械は、安全で効率的な運転を確保するために精密な制御システムを必要とします。世界中の石油・ガス施設の多くは、近代化が必要な老朽化したターボ機械設備を使用しています。これらのシステムを高度な制御技術で改修することは、運用寿命を延ばし、厳しい業界標準に準拠しながら効率を向上させる費用対効果の高い方法です。石油・ガスの運転は複雑な場合が多く、安全性、信頼性、最適な性能を確保するために、精密な制御と監視が要求されます。ターボ機械制御システムは、ガス圧縮、ガス液化、発電を含むこれらのオペレーションを管理する上で重要な役割を果たしています。石油・ガス産業は、エネルギー消費と温室効果ガス排出の削減を迫られています。先進的なターボ機械制御システムは、エネルギー効率の向上と環境への影響の最小化に大きく貢献するため、この分野での最重要選択肢となっています。石油・ガス産業は、潜在的に危険な操業を伴うため、厳格な安全規制の対象となります。ターボ機械制御システムは、安全な操業を維持し、安全基準を遵守するために不可欠です。石油・ガス産業は、インフラへの多額の投資を伴う。この業界の企業は、多額の資本投資を保護し、卓越した運用を確保するため、最先端の制御システム、改修、アンシラリーサービスに投資する傾向が強いです。石油・ガスに対する世界の需要は依然として高く、これらの資源は輸送、暖房、発電のための一次エネルギー源であり続けています。この持続的な需要は、ターボ機械制御システムを含む石油・ガスインフラへの投資を促進しています。石油・ガス産業は、高度な制御システム、遠隔監視、ターボ機械の予知保全ソリューションの開発など、技術革新の最前線にいます。こうした技術革新がターボ機械制御システム市場の成長を後押ししています。

コンプレッサー制御洞察

コンプレッサー制御分野は、2022年に最大の市場シェアを占め、予測期間中も急成長が予測されます。コンプレッサは汎用性が高く、石油・ガス、石油化学、化学、製造、さらにはHVAC(暖房、換気、空調)など、幅広い産業で応用されています。この幅広い産業分野での存在により、コンプレッサー制御システムの安定した需要が保証され、ターボ機械制御システム市場の主役となっています。コンプレッサーは、エネルギー関連プロセス、特に石油・ガスセクターの基本です。コンプレッサーは、パイプラインによる天然ガスの輸送、ガスの貯蔵、液化天然ガス(LNG)の生産に不可欠なガスの圧縮に使用されます。エネルギー部門は多額の投資と継続的な操業により、堅牢なコンプレッサ制御の需要が高まっています。今日の業界情勢において、効率は最も重要な関心事です。コンプレッサ制御システムは、圧縮プロセスを調整し微調整することで、エネルギー効率を最適化する上で極めて重要な役割を果たします。エネルギー消費の削減と環境への影響の最小化がますます重視される中、産業界はこれらの目標を達成するために高度なコンプレッサ制御を求めています。石油化学および化学産業は、ガス分離、石油化学精製、化学処理など、さまざまな用途でコンプレッサーに大きく依存しています。これらの分野では、運転の安全性、信頼性、効率が優先されるため、高度な制御システムが必要になります。コンプレッサーには、遠心式、往復式、ロータリースクリューコンプレッサーなどさまざまなタイプがあり、それぞれに特有の制御要件があります。このコンプレッサーの種類の多様性は、コンプレッサー制御システムの堅調な市場に貢献しています。石油・ガスや化学などの業界における厳しい規制要件は、安全基準と環境基準を満たすための高度な制御システムを必要とします。コンプレッサ制御は、多くの企業にとって最優先事項であるこれらの規制へのコンプライアンスを確保するために不可欠です。特に新興国では、産業インフラの拡大により、新しいコンプレッサの設置や古い機器の改造が行われています。産業が拡大し近代化するにつれて、コンプレッサーの制御システムや改修サービスに対する需要が絶え間なく高まっています。天然ガスを含む世界のエネルギー需要は依然として高いです。コンプレッサーは、エネルギー資源の輸送と貯蔵を促進することで、この需要を満たす上で重要な役割を果たしています。そのため、コンプレッサー制御の需要は、世界のエネルギー消費動向と密接に結びついています。

地域別洞察

アジア太平洋は、予測期間中に最も急成長する市場になると予想されます。これは、同地域におけるエネルギー需要の増加と、エネルギー効率と排出削減への注目の高まりによるものです。中国、インド、日本がこの地域の市場促進要因となっています。

北米は、ターボ機械制御システム、レトロフィット、アンシラリーサービスのもう一つの主要市場です。この地域では米国が最大の市場であり、カナダがこれに続く。この地域の市場成長は、発電および石油・ガス産業におけるエネルギー効率と排出ガス削減に対する需要の増加が原動力となっています。

欧州は、ターボ機械制御システム、レトロフィット、アンシラリーサービスの第3位の市場です。ドイツ、フランス、英国がこの地域の主要市場です。同地域の市場成長は、発電、石油・ガス、化学産業におけるエネルギー効率と排出ガス削減に対する需要の増加が原動力となっています。

目次

第1章 概要

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 世界のターボ機械制御システム、レトロフィット、アンシラリーサービス市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 用途別(タービン制御、コンプレッサー制御)、
    • エンドユーザー産業別(電力、石油・ガス、化学、金属・鉱業、その他)
    • サービスタイプ別(新規ターボ機械制御システム、レトロフィットターボ機械制御システム、補助システム)
    • 地域別
    • 企業別(2022年)
  • 市場マップ

第6章 北米のターボ機械制御システム、レトロフィット、アンシラリーサービス市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 用途別
    • エンドユーザー産業別
    • サービスタイプ別
    • 国別
  • 北米:国別分析
    • 米国
    • カナダ
    • メキシコ

第7章 欧州のターボ機械制御システム、レトロフィット、アンシラリーサービス市場展望

  • 市場規模と予測
    • 金額別
  • 市場シェアと予測
    • 用途別
    • エンドユーザー産業別
    • サービスタイプ別
    • 国別
  • 欧州:国別分析
    • ドイツ
    • 英国
    • イタリア
    • フランス
    • スペイン

第8章 アジア太平洋のターボ機械制御システム、レトロフィット、アンシラリーサービス市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 用途別
    • エンドユーザー産業別
    • サービスタイプ別
    • 国別
  • アジア太平洋:国別分析
    • 中国
    • インド
    • 日本
    • 韓国
    • オーストラリア

第9章 南米のターボ機械制御システム、レトロフィット、アンシラリーサービス市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 用途別
    • エンドユーザー産業別
    • サービスタイプ別
    • 国別
  • 南米:国別分析
    • ブラジル
    • アルゼンチン
    • コロンビア

第10章 中東・アフリカのターボ機械制御システム、レトロフィット、アンシラリーサービス市場展望

  • 市場規模および予測
    • 金額別
  • 市場シェアと予測
    • 用途別
    • エンドユーザー産業別
    • サービスタイプ別
    • 国別
  • 中東・アフリカ:国別分析
    • 南アフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • クウェート
    • トルコ

第11章 市場力学

第12章 市場動向と発展

第13章 競合情勢

  • ABB Ltd
  • Siemens Energy AG
  • Rockwell Automation Inc.
  • Emerson Electric Co.
  • General Electric Company
  • Schneider Electric SE
  • Honeywell International Inc.
  • Metso Outotec Oyj
  • Proserv plc
  • Flowserve Corporation

第14章 戦略的提言

第15章 調査会社について・免責事項

目次
Product Code: 15979

Global Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market has valued at USD 2.57 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.09% through 2028.

The Turbomachinery Control Systems, Retrofitting, and Ancillary Services market refer to a dynamic and multifaceted sector within the industrial and energy industries. This market encompasses a range of products and services dedicated to the optimization, maintenance, and enhancement of turbomachinery systems, which include turbines, compressors, and related equipment.

Turbomachinery Control Systems: This segment involves the design, development, and production of advanced control systems that regulate the operation of turbomachinery. These systems encompass automation, monitoring, data analytics, and safety features, allowing for precise control, efficiency, and reliability in various industrial applications.

Market Overview
Forecast Period2024-2028
Market Size 2022USD 2.57 billion
Market Size 2028USD 3.11 billion
CAGR 2023-20283.09%
Fastest Growing SegmentCompressor Controls
Largest MarketAsia-Pacific

Retrofitting Services: Retrofitting services entail the modification or upgrade of existing turbomachinery equipment with modern control systems and technologies. This process aims to enhance the performance, energy efficiency, and lifespan of aging turbomachinery, aligning them with contemporary industry standards and environmental regulations.

Ancillary Services: Ancillary services encompass a broad array of support offerings related to turbomachinery control systems and retrofitting. This includes maintenance, technical support, spare parts provisioning, training, and consultancy services. Ancillary services ensure the seamless operation, reliability, and longevity of turbomachinery systems, reducing downtime and optimizing overall industrial processes.

The Turbomachinery Control Systems, Retrofitting, and Ancillary Services market is essential for diverse sectors such as power generation, oil and gas, petrochemicals, aviation, and manufacturing, where turbomachinery plays a pivotal role. This market thrives on innovation, technological advancements, regulatory compliance, and the growing demand for energy-efficient and sustainable industrial solutions. It addresses the critical need for optimizing turbomachinery performance, reducing operational costs, and ensuring the safety and reliability of industrial processes across the globe.

Key Market Drivers

Increasing Energy Demand and Infrastructure Development

The global Turbomachinery Control Systems, Retrofitting, and Ancillary Services market are significantly influenced by the ever-increasing demand for energy worldwide, coupled with extensive infrastructure development initiatives across various industries. As economies expand and populations grow, the requirement for energy continues to surge. This surge, in turn, escalates the demand for turbomachinery, which includes turbines and compressors, playing a pivotal role in sectors such as power generation, oil and gas, and petrochemicals. Infrastructure development projects, ranging from the construction of power plants to industrial facilities, require advanced turbomachinery control systems to ensure efficient operation. Turbomachinery plays a vital role in these infrastructural developments, making the market for control systems, retrofitting, and ancillary services an essential component of global energy expansion efforts.

Focus on Energy Efficiency and Sustainability

In today's world, the global emphasis on environmental sustainability and energy efficiency has become increasingly pronounced. This focus on sustainability is a key driver for the Turbomachinery Control Systems market. Turbomachinery, including turbines and compressors, often consumes substantial amounts of energy in various industrial applications. To address climate change concerns and reduce carbon footprints, industries are actively seeking energy-efficient technologies. Modern turbomachinery control systems are designed to optimize processes, reduce energy consumption, and minimize harmful emissions. Retrofitting existing equipment with advanced control systems can significantly enhance their energy efficiency and sustainability, aligning with the global commitment to reducing environmental impact while maintaining high operational efficiency.

Aging Turbomachinery Infrastructure

Many industrial facilities worldwide rely on aging turbomachinery equipment. Over time, these machines may become outdated and less efficient due to advancements in control system technology. This aging infrastructure presents a significant driver for the Turbomachinery Control Systems, Retrofitting, and Ancillary Services market. The retrofitting and upgrading of older turbomachinery systems with the latest control technology can extend their operational lifespan and improve overall performance. This is particularly critical for industries where replacing entire systems may be cost-prohibitive. Thus, the demand for ancillary services related to retrofitting and modernizing existing infrastructure remains robust, further fueling the market's growth.

Technological Advancements

Continual technological advancements are a cornerstone of the Turbomachinery Control Systems market's growth. The development of innovative control system technologies, such as automation, remote monitoring, and predictive maintenance, has transformed how turbomachinery operates in industrial settings. Modern control systems enable real-time monitoring, data analytics, and predictive maintenance capabilities. These advancements empower operators to optimize turbomachinery performance, reduce downtime, and enhance overall operational efficiency. The allure of staying at the cutting edge of technology motivates end-users to invest in these advanced control systems, making technological innovation a significant driver of market growth.

Expansion of the Oil and Gas Industry

The oil and gas industry remains a dominant consumer of turbomachinery equipment, and its continued expansion plays a pivotal role in driving the Turbomachinery Control Systems, Retrofitting, and Ancillary Services market. As the global demand for oil and gas persists, exploration and production activities continue unabated. This includes unconventional resources like shale oil and gas, which often require specialized turbomachinery. Moreover, the transportation and storage of natural gas, including compression and liquefaction processes, rely heavily on turbomachinery. Consequently, the growing oil and gas sector fuels the demand for efficient turbomachinery control systems, retrofitting services, and ancillary solutions, thereby bolstering the market's expansion.

Increasing Focus on Reliability and Safety

Safety and reliability are paramount considerations in industries where turbomachinery operates, such as refining, petrochemicals, and power generation. The reliability of these systems is not only vital for continuous operations but also to prevent catastrophic failures that can have severe consequences. Turbomachinery control systems play a critical role in ensuring safe operations and enhancing reliability. By providing real-time monitoring, fault detection, and emergency shutdown capabilities, these systems contribute significantly to industrial safety standards. The increasing emphasis on safety and reliability in industrial settings drives the demand for advanced control systems and retrofitting services that enhance the integrity and performance of turbomachinery, further underscoring their importance in the market.

Government Policies are Likely to Propel the Market

Energy Efficiency Standards and Incentives

Energy efficiency policies are instrumental in shaping the global Turbomachinery Control Systems, Retrofitting, and Ancillary Services market. Governments can establish stringent energy efficiency standards for industrial equipment, including turbomachinery control systems. These standards would require manufacturers to produce more efficient control systems, reducing energy consumption and emissions. To incentivize compliance with these standards and promote the adoption of advanced control technology, governments can offer financial incentives and tax credits to businesses that invest in energy-efficient retrofitting and control systems. Such policies encourage industrial facilities to upgrade their existing turbomachinery infrastructure with modern, eco-friendly control systems, fostering growth in the market. Moreover, governments can establish certification programs to verify the energy efficiency of control systems, providing transparency and assurance to buyers, further driving demand for compliant products and services.

Research and Development Grants

Governments can play a pivotal role in advancing technology within the Turbomachinery Control Systems market through research and development (R&D) grants. By providing funding to both public and private sector entities engaged in developing cutting-edge control systems and retrofitting solutions, governments can accelerate innovation in the industry. These grants can support projects aimed at enhancing the performance, safety, and environmental sustainability of turbomachinery control systems. Funding R&D initiatives can lead to breakthroughs in automation, remote monitoring, predictive maintenance, and other advanced technologies that benefit the market. Governments may also collaborate with research institutions, industry associations, and businesses to create a robust ecosystem for R&D, driving not only market growth but also the emergence of global leaders in control system technology.

Environmental Regulations and Emissions Control

Environmental policies and regulations can have a profound impact on the Turbomachinery Control Systems market. Governments can enact stringent emissions control measures, requiring industrial facilities to reduce their carbon footprint. This necessitates the adoption of cleaner technologies, including advanced control systems for turbomachinery. To enforce these regulations, governments can establish emissions trading schemes, carbon pricing mechanisms, and penalties for non-compliance. These measures create a strong economic incentive for industries to invest in control systems that minimize emissions, driving demand for retrofitting and ancillary services in the market. Additionally, governments can promote the development of control systems that facilitate emissions monitoring and reporting, ensuring transparency and accountability within industrial sectors.

Export Promotion and Trade Policies

Governments can facilitate the global expansion of the Turbomachinery Control Systems, Retrofitting, and Ancillary Services market by implementing export promotion and trade policies. These policies can include trade agreements, export incentives, and support for international market access. Trade agreements that reduce trade barriers and tariffs can help control system manufacturers access new markets more easily. Export incentives such as financial support for marketing and export training can aid businesses in penetrating foreign markets and competing effectively. Furthermore, governments can establish export financing programs to assist control system manufacturers in securing financing for international sales. These policies promote market growth by allowing businesses to expand their reach and capitalize on global demand.

Infrastructure Investment and Public-Private Partnerships

Governments can stimulate the Turbomachinery Control Systems market by investing in infrastructure development and promoting public-private partnerships (PPPs). Infrastructure projects, including power generation facilities, petrochemical plants, and industrial complexes, rely on turbomachinery control systems. Through PPPs, governments can collaborate with private sector companies to finance and implement large-scale infrastructure projects. This not only boosts demand for control systems but also encourages the integration of advanced technologies into these projects. To further incentivize PPPs, governments can offer tax breaks, grants, and guarantees to private sector partners. Such policies attract private investment, foster innovation, and promote the growth of the Turbomachinery Control Systems market.

Cybersecurity and Data Protection Regulations

In an increasingly digitized world, governments can enact cybersecurity and data protection regulations that impact the Turbomachinery Control Systems market. As control systems become more connected and data-driven, governments can impose strict cybersecurity requirements on manufacturers and operators. These regulations can mandate the implementation of robust cybersecurity measures to protect control systems from cyber threats. Compliance can involve regular security audits, penetration testing, and the use of encryption technologies. To encourage compliance, governments can establish penalties for data breaches and cyberattacks. This motivates businesses to invest in secure control systems and ancillary services that safeguard critical infrastructure. Moreover, governments can promote industry collaboration on cybersecurity best practices and standards, fostering a culture of cybersecurity readiness within the Turbomachinery Control Systems market.

In conclusion, government policies have a significant impact on the global Turbomachinery Control Systems, Retrofitting, and Ancillary Services market. Policies related to energy efficiency, R&D grants, environmental regulations, export promotion, infrastructure investment, public-private partnerships, and cybersecurity can shape the industry's growth and development, influencing market dynamics and the adoption of advanced technologies.

Key Market Challenges

Technological Complexity and Integration Challenges

The Turbomachinery Control Systems, Retrofitting, and Ancillary Services market face a formidable challenge in dealing with the increasing technological complexity of control systems and the integration hurdles that come with it. While technological advancements offer numerous benefits, they also introduce complexities that can be daunting for manufacturers, service providers, and end-users alike.

Technological Complexity:

Turbomachinery control systems have evolved significantly over the years. They now incorporate advanced features such as automation, remote monitoring, predictive maintenance, and real-time data analytics. While these capabilities enhance performance and efficiency, they also demand a higher level of technical expertise for design, manufacturing, installation, and maintenance. Moreover, control systems must meet stringent safety and environmental standards, further complicating their design and integration. Achieving this level of complexity often requires specialized skills and resources, leading to increased development costs.

Integration Challenges:

One of the most significant challenges in the Turbomachinery Control Systems market is integrating advanced control systems into existing infrastructure seamlessly. Many industrial facilities operate aging turbomachinery equipment that may not be inherently compatible with modern control technology. Retrofitting these systems with new controls often involves intricate engineering solutions and can lead to operational disruptions. Additionally, interoperability with other systems within an industrial facility, such as data management platforms and enterprise resource planning (ERP) systems, can pose integration challenges. Achieving a holistic and efficient data flow between control systems and these other components is essential for optimizing operations and achieving the desired outcomes.

Addressing the Challenges:

To overcome these challenges, the industry must invest in research and development efforts focused on simplifying control system design, making them more user-friendly, and streamlining integration processes. Collaboration between control system manufacturers, engineering firms, and end-users can lead to standardized solutions that reduce complexity and enhance interoperability. Training and education programs are also crucial to equip the workforce with the necessary skills to navigate the complexities of modern control systems effectively. Governments and industry associations can play a role in facilitating these programs and providing incentives for continuous learning and skill development. Furthermore, the use of simulation and virtualization technologies can help mitigate integration risks by allowing for thorough testing and validation of control system designs before implementation. This approach minimizes operational disruptions and reduces the cost of addressing compatibility issues.

In summary, the technological complexity of modern Turbomachinery Control Systems and the challenges related to their integration into existing infrastructure are significant hurdles for the industry. However, with concerted efforts in research, development, training, and collaboration, these challenges can be effectively addressed, ensuring that the market continues to evolve and provide efficient, sustainable, and reliable solutions for various industrial applications.

Regulatory Compliance and Environmental Sustainability

The Turbomachinery Control Systems, Retrofitting, and Ancillary Services market face ongoing challenges related to regulatory compliance and the imperative to promote environmental sustainability. While these challenges are vital for the long-term health of the industry and the planet, they also introduce complexities and costs that must be navigated effectively.

Regulatory Compliance:

Governments worldwide have introduced stringent regulations aimed at enhancing safety, emissions control, and operational standards across various industries that use turbomachinery. These regulations, which often evolve over time, require manufacturers and end-users to adhere to strict compliance standards. Meeting these compliance requirements can be challenging due to the diversity of industries and applications using turbomachinery. Different sectors may have unique regulatory frameworks and standards, necessitating adaptable control system designs that can accommodate various compliance needs.

Environmental Sustainability:

Growing concerns about climate change and environmental sustainability have led to increased scrutiny of industrial operations, including those that rely on turbomachinery. Businesses are under pressure to reduce their carbon footprints, minimize emissions, and adopt more eco-friendly technologies. While modern control systems can contribute to energy efficiency and emissions reduction, the retrofitting of existing equipment with these systems can be capital-intensive. Additionally, the transition to cleaner energy sources often involves substantial upfront costs.

Addressing the Challenges:

To navigate the challenges of regulatory compliance and environmental sustainability, the Turbomachinery Control Systems market must take a proactive approach. This includes:

Continuous Regulatory Monitoring: Manufacturers and service providers must stay updated on evolving regulations in the industries they serve. This proactive approach allows for the development of control systems that align with current and future compliance requirements.

Flexible Design Solutions: Control system manufacturers should design products that can be customized to meet various regulatory needs. This flexibility ensures that control systems can adapt to the specific requirements of different industrial sectors.

Investment in Green Technologies: The industry should invest in research and development to create more energy-efficient and environmentally friendly control systems. Governments and industry associations can provide incentives and funding for eco-friendly technology development.

Lifecycle Analysis: Businesses should conduct lifecycle assessments to evaluate the environmental impact of retrofitting turbomachinery with advanced control systems. This analysis can help justify the upfront costs by highlighting long-term environmental and financial benefits.

Collaboration and Knowledge Sharing: Industry associations and governments can facilitate collaboration and knowledge sharing among stakeholders to develop best practices for compliance and sustainability. This collective effort can streamline efforts to meet regulatory requirements and reduce the industry's environmental footprint.

In conclusion, the challenges of regulatory compliance and environmental sustainability in the Turbomachinery Control Systems, Retrofitting, and Ancillary Services market are complex but essential to address. By staying informed, adopting flexible solutions, investing in green technologies, conducting lifecycle analyses, and fostering collaboration, the industry can meet these challenges while contributing to a more sustainable and compliant future for turbomachinery applications across various sectors.

Segmental Insights

Oil & Gas Insights

The oil & gas segment had the largest market share in 2022 & expected to maintain it in the forecast period. The oil and gas sector heavily relies on turbomachinery, including compressors, turbines, and pumps, for various critical processes such as extraction, transportation, refining, and distribution. These turbomachines require precise control systems to ensure safe and efficient operation. Many oil and gas facilities worldwide operate with aging turbomachinery equipment that requires modernization. Retrofitting these systems with advanced control technology is a cost-effective way to extend their operational lifespan and improve efficiency while complying with stringent industry standards. Oil and gas operations are often complex and demand precise control and monitoring to ensure safety, reliability, and optimal performance. Turbomachinery control systems play a crucial role in managing these operations, including gas compression, gas liquefaction, and power generation. The oil and gas industry is under pressure to reduce energy consumption and greenhouse gas emissions. Advanced turbomachinery control systems contribute significantly to improving energy efficiency and minimizing environmental impacts, making them a top choice for the sector. The oil and gas industry is subject to rigorous safety regulations due to the potentially hazardous nature of its operations. Turbomachinery control systems are essential for maintaining safe operations and adhering to safety standards. The oil and gas sector represents substantial investments in infrastructure. Companies in this industry are more inclined to invest in cutting-edge control systems, retrofitting, and ancillary services to protect their significant capital investments and ensure operational excellence. The global demand for oil and gas remains high, with these resources continuing to be primary energy sources for transportation, heating, and electricity generation. This sustained demand fuels investments in oil and gas infrastructure, including turbomachinery control systems. The oil and gas industry has been at the forefront of technological innovation, including the development of advanced control systems, remote monitoring, and predictive maintenance solutions for turbomachinery. These innovations drive the growth of the Turbomachinery Control Systems market.

Compressor Controls Insights

The Compressor Controls segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Compressors are versatile and find application in a wide array of industries, including oil and gas, petrochemicals, chemicals, manufacturing, and even HVAC (heating, ventilation, and air conditioning). This broad industrial presence ensures a consistent demand for compressor control systems, making them a staple in the Turbomachinery Control Systems market. Compressors are fundamental to energy-related processes, especially in the oil and gas sector. They are used for gas compression, which is crucial for transporting natural gas through pipelines, gas storage, and liquefied natural gas (LNG) production. The energy sector's substantial investments and continuous operations drive the demand for robust compressor controls. Efficiency is a paramount concern in today's industrial landscape. Compressor control systems play a pivotal role in optimizing energy efficiency by regulating and fine-tuning the compression process. With the growing emphasis on reducing energy consumption and minimizing environmental impact, industries seek advanced compressor controls to achieve these goals. The petrochemical and chemical industries rely heavily on compressors for a variety of applications, including gas separation, petrochemical refining, and chemical processing. These sectors prioritize the safety, reliability, and efficiency of their operations, necessitating sophisticated control systems. Compressors come in various types, such as centrifugal, reciprocating, and rotary screw compressors, each with specific control requirements. This diversity in compressor types contributes to a robust market for compressor control systems, as each type demands specialized control solutions. Stringent regulatory requirements in industries like oil and gas and chemicals necessitate advanced control systems to meet safety and environmental standards. Compressor controls are vital for ensuring compliance with these regulations, which is a top priority for many companies. The expansion of industrial infrastructure, particularly in emerging economies, leads to the installation of new compressors and the retrofitting of older equipment. As industries expand and modernize, there is a continuous demand for compressor control systems and retrofitting services. The global demand for energy, including natural gas, remains high. Compressors play a critical role in meeting this demand by facilitating the transportation and storage of energy resources. Consequently, the demand for compressor controls is closely tied to global energy consumption trends.

.

Regional Insights

Asia-Pacific is expected to be the fastest-growing market during the forecast period. This is due to the increasing demand for energy in the region, as well as the growing focus on energy efficiency and emission reduction. China, India, and Japan are the major drivers of the market in this region.

North America is another major market for turbomachinery control systems, retrofitting, and ancillary services. The United States is the largest market in this region, followed by Canada. The growth of the market in this region is driven by the increasing demand for energy efficiency and emission reduction in the power generation and oil and gas industries.

Europe is the third-largest market for turbomachinery control systems, retrofitting, and ancillary services. Germany, France, and the United Kingdom are the major markets in this region. The growth of the market in this region is driven by the increasing demand for energy efficiency and emission reduction in the power generation, oil and gas, and chemical industries.

Key Market Players

ABB Ltd

Siemens Energy AG

Rockwell Automation Inc.

Emerson Electric Co.

General Electric Company

Schneider Electric SE

Honeywell International Inc.

Metso Outotec Oyj

Proserv plc

Flowserve Corporation

Report Scope:

In this report, the Global Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market, By Application:

  • Turbine Controls
  • Compressor Controls

Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market, By End-user Industry:

  • Power
  • Oil and Gas
  • Chemicals
  • Metals and Mining
  • Others

Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market, By Service Type:

  • New Turbo-machinery Control System
  • Retrofit Turbo-machinery Control System
  • Ancillary System

Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Turkey

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market.

Available Customizations:

  • Global Turbomachinery Control Systems, Retrofitting, and Ancillary Services market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Application (Turbine Controls and Compressor Controls),
    • 5.2.2. By End-user Industry (Power, Oil and Gas, Chemicals, Metals and Mining, Others)
    • 5.2.3. By Service Type (New Turbo-machinery Control System, Retrofit Turbo-machinery Control System and Ancillary System)
    • 5.2.4. By Region
    • 5.2.5. By Company (2022)
  • 5.3. Market Map

6. North America Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Application
    • 6.2.2. By End-user Industry
    • 6.2.3. By Service Type
    • 6.2.4. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Application
        • 6.3.1.2.2. By End-user Industry
        • 6.3.1.2.3. By Service Type
    • 6.3.2. Canada Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Application
        • 6.3.2.2.2. By End-user Industry
        • 6.3.2.2.3. By Service Type
    • 6.3.3. Mexico Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Application
        • 6.3.3.2.2. By End-user Industry
        • 6.3.3.2.3. By Service Type

7. Europe Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Application
    • 7.2.2. By End-user Industry
    • 7.2.3. By Service Type
    • 7.2.4. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Application
        • 7.3.1.2.2. By End-user Industry
        • 7.3.1.2.3. By Service Type
    • 7.3.2. United Kingdom Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Application
        • 7.3.2.2.2. By End-user Industry
        • 7.3.2.2.3. By Service Type
    • 7.3.3. Italy Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Application
        • 7.3.3.2.2. By End-user Industry
        • 7.3.3.2.3. By Service Type
    • 7.3.4. France Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Application
        • 7.3.4.2.2. By End-user Industry
        • 7.3.4.2.3. By Service Type
    • 7.3.5. Spain Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Application
        • 7.3.5.2.2. By End-user Industry
        • 7.3.5.2.3. By Service Type

8. Asia-Pacific Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Application
    • 8.2.2. By End-user Industry
    • 8.2.3. By Service Type
    • 8.2.4. By Country
  • 8.3. Asia-Pacific: Country Analysis
    • 8.3.1. China Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Application
        • 8.3.1.2.2. By End-user Industry
        • 8.3.1.2.3. By Service Type
    • 8.3.2. India Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Application
        • 8.3.2.2.2. By End-user Industry
        • 8.3.2.2.3. By Service Type
    • 8.3.3. Japan Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Application
        • 8.3.3.2.2. By End-user Industry
        • 8.3.3.2.3. By Service Type
    • 8.3.4. South Korea Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Application
        • 8.3.4.2.2. By End-user Industry
        • 8.3.4.2.3. By Service Type
    • 8.3.5. Australia Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Application
        • 8.3.5.2.2. By End-user Industry
        • 8.3.5.2.3. By Service Type

9. South America Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Application
    • 9.2.2. By End-user Industry
    • 9.2.3. By Service Type
    • 9.2.4. By Country
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Application
        • 9.3.1.2.2. By End-user Industry
        • 9.3.1.2.3. By Service Type
    • 9.3.2. Argentina Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Application
        • 9.3.2.2.2. By End-user Industry
        • 9.3.2.2.3. By Service Type
    • 9.3.3. Colombia Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Application
        • 9.3.3.2.2. By End-user Industry
        • 9.3.3.2.3. By Service Type

10. Middle East and Africa Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Application
    • 10.2.2. By End-user Industry
    • 10.2.3. By Service Type
    • 10.2.4. By Country
  • 10.3. MEA: Country Analysis
    • 10.3.1. South Africa Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Application
        • 10.3.1.2.2. By End-user Industry
        • 10.3.1.2.3. By Service Type
    • 10.3.2. Saudi Arabia Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Application
        • 10.3.2.2.2. By End-user Industry
        • 10.3.2.2.3. By Service Type
    • 10.3.3. UAE Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Application
        • 10.3.3.2.2. By End-user Industry
        • 10.3.3.2.3. By Service Type
    • 10.3.4. Kuwait Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 10.3.4.1. Market Size & Forecast
        • 10.3.4.1.1. By Value
      • 10.3.4.2. Market Share & Forecast
        • 10.3.4.2.1. By Application
        • 10.3.4.2.2. By End-user Industry
        • 10.3.4.2.3. By Service Type
    • 10.3.5. Turkey Turbomachinery Control Systems, Retrofitting, and Ancillary Services Market Outlook
      • 10.3.5.1. Market Size & Forecast
        • 10.3.5.1.1. By Value
      • 10.3.5.2. Market Share & Forecast
        • 10.3.5.2.1. By Application
        • 10.3.5.2.2. By End-user Industry
        • 10.3.5.2.3. By Service Type

11. Market Dynamics

12. Market Trends & Developments

13. Competitive Landscape

  • 13.1. Business Overview
  • 13.2. Application Offerings
  • 13.3. Recent Developments
  • 13.4. Key Personnel
    • 13.4.1. ABB Ltd
    • 13.4.2. Siemens Energy AG
    • 13.4.3. Rockwell Automation Inc.
    • 13.4.4. Emerson Electric Co.
    • 13.4.5. General Electric Company
    • 13.4.6. Schneider Electric SE
    • 13.4.7. Honeywell International Inc.
    • 13.4.8. Metso Outotec Oyj
    • 13.4.9. Proserv plc
    • 13.4.10. Flowserve Corporation.

14. Strategic Recommendations

15. About Us & Disclaimer