Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Turbine Control System Market worth USD 21.65 billion by 2027, registering a CAGR of 4.73% – Report by Market Research Future (MRFR)

Published

on

New York, Aug. 06, 2021 (GLOBE NEWSWIRE) — Turbine Control System Market Overview: According to a comprehensive research report by Market Research Future (MRFR), Turbine Control System Market Research Report, Component, Function, Type and Region – Forecast till 2027” the market is projected to be worth USD 21.65 billion by 2027, registering a CAGR of 4.73% during the forecast period (2021 – 2027), The market was valued at USD 14.15 billion in 2020.

Adoption of Automation Technologies to Drive Global Turbine Control Market

Turbine control systems are digital systems responsible for control and management of turbines such as gas turbines, wind turbines, steam turbines, and hydro turbines. It is used to control power surges in grids and power stations and provide a steady supply of power to clients. The global turbine control market report by Market Research Future (MRFR) provides an unbiased analysis of the industry with projections for the forecast period (2021-2027) supported by relevant drivers and restraints. The COVID-19 outbreak and its effect on the market is a part of the report.


Get Free Sample PDF Brochure
https://www.marketresearchfuture.com/sample_request/6675


Competitive Analysis

Prominent players of the global turbine control market profiled are:

  • Rockwell Automation (US)
  • Honeywell International Inc. (US)
  • Heinzmann GmbH & Co. KG (Germany)
  • HPI LLC. ALL (US)
  • Spica Technology Aps (Denmark)
  • DNV GL (Norway)
  • ABB (Switzerland)
  • In no way Future Solutions Pte Limited (Singapore)
  • Mita-Teknik (Denmark)
  • General Electric Company (US)
  • Woodward Inc. (the US)
  • Siemens AG (Germany)
  • Emerson Electric Co. (US)

Partnerships and collaborations are on the uptick as manufacturers aim to dominate the market.

Industry Update

Harbin Turbine Company Limited Automation Control Company has signed a contract with Westinghouse Electric Company to supply units 3 and 4 of the Changjiang nuclear power plant in Hainan province.


Browse In-depth Market Research Report (165 pages) on Turbine Control System

https://www.marketresearchfuture.com/reports/turbine-control-systems-market-6675


Market Scope

The global turbine control market is poised to register a superb growth rate over the forecast period.

Environmental Concerns to Encourage Market Growth

Government initiatives for renewable energy projects and efforts to shift from fossil fuels can drive the turbine control market. Development of micro-hydro projects and investments in hydropower projects can bode well for the market. Adoption of renewable energy and surge of wind power projects will induce market demand. This is exemplified by development of 14 MW offshore turbines and proximity of load-centers and wind conditions.

Automation of Turbine Systems to Drive Market

Automation of turbine systems can increase life of the equipment, improve safety, and reduce operating costs and human errors. Utilization of artificial intelligence and digital twins to virtualize hardware and remote-control operations can foster market growth. Utilization of data for predicting machine shutdowns and attrition due to damage can assist the turbine control market. Recently, researchers at General Electric have developed ‘human AI’, a safe mode for the machines to fall back in case of not recognizing certain events and scenarios. The human AI can accumulate data from human engineers and simulations to identify irregular patterns.

High Installation Costs to Hamper Market Growth

High installation costs of turbine control systems as well as move to solar power generation can hamper market growth. Uncertainty in support of energy transitions laws and economic downturns can all play a role in restraining market growth.

Lack of Green Investments due to COVID-19 to Negatively Impact Market

The COVID-19 outbreak has negatively impacted the turbine control market as renewable projects have stopped gaining funding and the focus shifted to the healthcare sector. Delay of various wind energy projects and insufficient release of capital by leading conglomerates can hamper market growth. Slow recovery of economies and no relief in electricity prices can be detrimental to the market in the coming years.

This is evident by the rollback of onshore wind energy projects by Siemens Gamesa, decline of wind blade production, and dip in orders.


Share your Queries
https://www.marketresearchfuture.com/enquiry/6675


Segmentation

Temperature Control Function to Lead Global Market Demand

By function, it is segmented into pressure control, speed controls, load control, temperature control, and others. Temperature control systems is expected to command the demand share of the turbine control market due to its capability of preventing the exhaust temperature from damaging the turbine. Integration of steam turbines in developing economies can drive the segment demand.

Steam Turbine Control Systems to Capture Massive Market Share

On the basis of type, the market comprises gas turbine control systems, steam turbine control systems, and others. Steam turbine control systems can capture a large market share owing to surge in power generation from sources of oil, coal, and gas. Steam turbines contains an overspeed protection feature and controls speed and capacity.

Hardware Component to Capture the Lion’s Share

By component, the market is divided into hardware and software. The hardware segment is further divided into sensors, controllers, HMI, etc. The hardware component is set to capture the lion’s share owing to its ability to control various aspects of turbine control systems. Among hardware, sensors are likely to command a huge share owing to its ability to minimize errors and increase output.

Regional Analysis

APAC to Lead Global Turbine Control Market

APAC is set to dominate the global market owing to demand by the large populace in China and India and collaborations between oil producers and refineries. Shift to renewable power, modernization of aging plants, and large consumption of power can drive regional market demand. Rapid industrialization and urbanization coupled with investments in coal plants can favor the market.

Segmentation of Market covered in the research:

Information by Component (Hardware (Controller, Sensors, Human-Machine Interface (HMI) and others) and Software ), by Function (Speed Control, Temperature Control, Load Control, Pressure Control and others), by Type (Gas Turbine Control System, Steam Turbine Control System and others) and Region (North America, South America, Europe, Asia- Pacific, and Middle East & Africa)


To Buy:
  https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=6675


About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Gilbarco Veeder-Root champions fuel efficiency, clean fuels and diesel rebate solutions in mining

Published

on

gilbarco-veeder-root-champions-fuel-efficiency,-clean-fuels-and-diesel-rebate-solutions-in-mining

JOHANNESBURG, March 28, 2024 /PRNewswire/ — Global leader in technology solutions OEM Gilbarco Veeder-Root (GVR) is dedicated to enhancing operational performance by delivering comprehensive end-to-end wetstock, industrial, mining, and business-to-business solutions, all tailored to meet the specific needs of the customer.

 
 
By encompassing every aspect of mining operations, GVR commercial and industrial Middle East and Africa director Westtar Kapito says, “the company is setting new benchmarks for fuel efficiency, safety and sustainability within the mining industry”.
As part of a holistic approach to mining excellence, Kapito explains that Gilbarco’s integrated fuel and fleet management technology solutions are designed to address the multifaceted challenges of the mining industry.
Some of these facets include wetstock control, equipment maintenance and management, fleet management and automation, compliance monitoring and environmental sustainability, as well as driving productivity and profitability through innovation.
In addition, the introduction of Gilbarco’s clean fuel solution exemplifies the company’s commitment to maintaining equipment integrity and performance.
This technology, GVR says, monitors in real-time the status of up to 16 “clean fuels” key performance matrices, thereby ensuring that dirty fuel is flagged and not transferred into mining equipment which would affect engines and injectors and thus lower productivity.
Gilbarco’s comprehensive site automation solutions empower mining companies with critical data analytic insights, facilitating efficient monitoring and management of fleet and fuel inventory. Gilbarco’s dataFLEX360 platform plays a pivotal role, offering near real-time reporting and analytics to drive informed decision-making and operational agility.
dataFLEX360 is a Web-based, cloud-hosted strategic operational insights platform. The system ensures accurate, reliable and relevant reporting of all fuel, fleet and asset transactions, and provides for proactive corrective measures to reduce complex reporting and gives a consolidated and comprehensive view across all sites and assets.
With reconciliations at its core, dataFLEX360 provides solution accuracy on operational data.
Integral to the company’s solutions is compliance with Global Industry Standards and environmental stewardship, from leak detection to vapour recovery and clean fuel technologies. Gilbarco’s products are designed to ensure compliance and minimise the carbon footprint of mining operations.
Additionally, through the company’s innovative telematics technology and the data generated, it can systematically and seamlessly generate South African Revenue Services- (SARS-) compliant fuel rebate reports for any selected tax period.  
GVR’s technology provides a full audit trail required for eligibility for SARS rebates, and its reporting platform simplifies logbook and data gathering required, enabling successful rebate claims and return on investment.
Photo – https://mma.prnewswire.com/media/2373644/Gilbarco_Veeder_Roots_MEA.jpg

View original content:https://www.prnewswire.co.uk/news-releases/gilbarco-veeder-root-champions-fuel-efficiency-clean-fuels-and-diesel-rebate-solutions-in-mining-302102415.html

Continue Reading

Artificial Intelligence

Invoca Wins CX Today Award for Best Conversational Intelligence Solution of 2024; Launches European Data Centre and Adds UK Sales Leader

Published

on

invoca-wins-cx-today-award-for-best-conversational-intelligence-solution-of-2024;-launches-european-data-centre-and-adds-uk-sales-leader

CX Today recognises Invoca as the foremost visionary in the Conversational Intelligence category. Additionally, expands its European presence with a new Data Centre and the appointment of Duncan MacPherson as UK Director of Sales.
LONDON, March 28, 2024 /PRNewswire/ — Invoca, the leading revenue execution platform for revenue teams, has won the CX Today Award for ‘Best Conversational Intelligence Solution’ of 2024. CX Today, the leading international news publication honouring excellence in CX technology, hosted the CX Awards to honour excellence in CX leadership, technology innovation, and industry success.

“Invoca’s exceptional work in conversational intelligence has helped push the category forward, and we are thrilled to see their accomplishments acknowledged at CX Awards 2024,” said Charlie Mitchell, Senior Editor at CX Today and host of the awards.
The award recognises Invoca’s strength in empowering revenue teams across marketing, contact centre sales, and customer experience to enhance buying experiences, increase high-value leads, and boost revenue. For businesses that acquire customers over the phone, Invoca enables these digital marketing and contact centre teams to collaborate to drive revenue growth. Invoca stands out for capturing deep insights from consumer calls and digital interactions and ingesting revenue driven by calls and other metadata from CRM and contact centre solutions, making Invoca the source of truth for consumer engagements.
“We’re thrilled to be named the Best Conversational Intelligence Solution of 2024 by CX Today as we highlight our longstanding vision to help brands acquire customers and grow their revenue,” said Gregg Johnson, CEO of Invoca. “As AI pioneers in this space, having first introduced our broad base of patented AI technologies in 2015, artificial intelligence and machine learning are core to helping companies improve the customer experience and connect the buyer journey.”
The CX Awards’ judging panel, including Dan Miller, Lead Analyst at Opus Research, reviewed hundreds of applications for their organisation’s ability to improve overall customer experience through innovation and high-impact features.
“Invoca continues to demonstrate that they are a clear leader in conversational intelligence AI. We recognised Invoca for their ability to employ a sophisticated blend of AI technologies — including patented machine learning, generative AI, voice biometrics, and deep learning neural networks, to drive revenue,” said Dan Miller, CX Awards judge and Lead Analyst at Opus Research.
Invoca Launches New European Platform and Data Centre Amid U.K. Sales Leadership Expansion
Invoca continues to reinforce its commitment to maintaining data excellence with unwavering reliability and strict adherence to security standards. Protecting customer data privacy remains a top priority, particularly given the heightened concerns surrounding security and privacy. Invoca’s new European platform and localised data centres support its growing customer base by ensuring all customers can adhere to the highest level of enterprise-grade data privacy, and GDPR compliance standards. Invoca’s powerful EU-based infrastructure enables its customers to recreate the same Invoca experience using the full feature suite while maintaining the highest standards of quality.
Invoca has also welcomed Duncan MacPherson as UK Director of Sales. MacPherson brings extensive experience with large companies and start-ups selling customer engagement solutions. This is part of an overall expansion in the UK market, which includes hiring a localised sales and customer success team, sales development, and marketing support.
More Information:
See the results you can get with Invoca’s award-winning conversation intelligence: https://www.invoca.com/customersInvoca’s GDPR Compliance: Everything You Need to Know: https://www.invoca.com/blog/invocas-gdpr-compliance-everything-you-need-to-knowWatch the CX Today Awards winners revealed on demand: www.cxtoday.com/cxawardsJoin Invoca’s talented team today: https://www.invoca.com/company/careersAbout InvocaInvoca is a revenue execution platform that connects marketing and sales teams to help them track and optimise the buying journey to drive more revenue. By using a comprehensive revenue execution platform with deep integrations with leading technology platforms, revenue teams can better connect their paid media investments directly to revenue, improve digital engagement, and deliver the best buyer experiences to drive more sales. With Invoca, top consumer brands, including AutoNation, DIRECTV, Mayo Clinic, Mutual of Omaha, and Verizon, experience unbelievable results powered by undeniable data. Invoca has raised $184M from leading venture capitalists, including Upfront Ventures, Accel, Silver Lake Waterman, H.I.G. Growth Partners, and Salesforce Ventures. For more information, visit www.invoca.com.
About CX AwardsHosted by CX Today, the awards ceremony has become the beacon of recognition for companies and professionals pushing the envelope in the CX technology sphere.
The CX Awards 2024 is here for its fourth year and is bigger and better than ever before! Winners of the 2023 awards included Vonage, Calabrio, and UJET and more. Then, the ceremony included exclusive streams from our people winners, Jay Patel from Webex and Kimberley Wood from Ultimate. Yet, this year’s event featured many more CX leaders who shared their unique takes on the space.
Photo – https://mma.prnewswire.com/media/2373968/Invoca___CXToday___PR_Newswire_Image___2700x1080___v_1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/invoca-wins-cx-today-award-for-best-conversational-intelligence-solution-of-2024-launches-european-data-centre-and-adds-uk-sales-leader-302102358.html

Continue Reading

Artificial Intelligence

ASC Achieves Certification for Webex Calling

Published

on

asc-achieves-certification-for-webex-calling

ASC announces compliance recording and AI-driven analytics tool for Webex Calling
HÖSBACH, Germany, March 28, 2024 /PRNewswire/ — ASC Technologies, a leading provider of comprehensive recording and analytics tools, announces its successful certification for Webex Calling with Webex by Cisco, a leading provider of collaboration technologies powering hybrid work and customer experience. This certification distinguishes ASC as one of the few global vendors who are authorized to provide record capabilities for Webex Calling communications. This capability is essential for organizations in regulated industries that must adhere to strict compliance standards.

A key benefit of the ASC solution is the simple and fast configuration in the Webex Control Hub, which ensures a high level of user-friendliness. In addition, ASC enables the migration of on-premise solutions to the cloud by seamlessly transferring recordings to the cloud environment. This step enables organizations to accelerate their digital transformation and take advantage of cloud-based services. In addition, AI-driven analytics, powered by ASC’s solutions, help organizations gain a comprehensive view of their communications, enrich customer relationships, and streamline compliance and risk management processes.
“As a stable company that has been established in the market for 60 years, we see the certification for Webex Calling not only as a confirmation of our technological expertise, but also as a promise to our customers and partners,” says Dr. Gerald Kromer, CEO of ASC. “We are committed to providing innovative and reliable solutions that meet the demands of today’s communications technologies while ensuring our customers’ compliance requirements.”
This certification is a further milestone in ASC’s successful partnership with Cisco, which has already existed for 20 years. ASC will be exhibiting at Enterprise Connect in Gaylord Palms, and Cisco Live in Las Vegas, showcasing its innovative recording and analytics solutions and demonstrating the results of its collaboration with Cisco. These events offer a glimpse into how ASC’s solutions drive efficiency and insight.
About ASC
ASC is a worldwide leading provider of software and cloud solutions in the field of omni-channel recording, quality management, and analytics. Among our target groups are all companies that record their communications, especially financial service providers, contact centers, and public safety organizations. We offer solutions for recording as well as AI-based analysis and evaluation of all communications – with full flexibility as a cloud service, on-premise or as a hybrid solution. Headquartered in Germany with subsidiaries in 14 countries and experienced system integration partners in over 60 countries, ASC is the #1 Europe-based player in its industry.
About Webex by Cisco
Webex is a leading provider of cloud-based collaboration solutions which includes video meetings, calling, messaging, events, customer experience solutions like contact center and purpose-built collaboration devices. At Webex, we start with people and their experiences first. This focus on delivering inclusive collaboration experiences fuels our innovation, which leverages AI and Machine Learning, to remove the barriers of geography, language, personality, and familiarity with technology. Our solutions are underpinned with security and privacy by design. We work with the world’s leading business and productivity apps – delivered through a single application and interface. Learn more at webex.com.
Logo: https://mma.prnewswire.com/media/2003160/ASC_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/asc-achieves-certification-for-webex-calling-302102352.html

Continue Reading

Trending