Turbine Control System

Turbine Control System Market Outlook

The global turbine control system market is projected to reach approximately USD 5.8 billion by 2035, growing at a compound annual growth rate (CAGR) of about 6.2% during the forecast period from 2025 to 2035. The increasing adoption of renewable energy sources, particularly wind and hydroelectric power, is a significant driver of this market growth. Moreover, the growing emphasis on enhancing the efficiency and reliability of turbine operations while minimizing downtime through advanced control systems is bolstering the demand. Additionally, technological advancements in control systems and the integration of IoT (Internet of Things) for real-time monitoring and predictive maintenance are further propelling the market. The rise in investment in modernizing existing power generation infrastructure to meet evolving environmental standards is also a contributing factor.

Growth Factor of the Market

The turbine control system market is being influenced by several growth factors that enhance its prospects in the energy sector. Firstly, the global shift towards cleaner energy sources is prompting utilities and industries to invest in efficient turbine control systems. This transition is evident in the increasing installations of wind turbines and hydroelectric systems, leading to a greater need for sophisticated control mechanisms that can optimize performance. Secondly, the rapid advancement of digital technologies, particularly in automation and data analytics, allows for more precise control and predictive maintenance, reducing operational costs and increasing efficiency. Thirdly, government initiatives aimed at promoting renewable energy adoption are catalyzing investments in turbine control technologies. Furthermore, developments in artificial intelligence and machine learning are enabling more adaptive and responsive control systems, facilitating enhanced performance monitoring. Lastly, the rising demand for energy due to population growth and industrial expansion is driving the need for more robust and efficient turbine operations, further supporting market growth.

Key Highlights of the Market

• Projected market size of USD 5.8 billion by 2035, with a CAGR of 6.2%.
• Significant growth driven by the transition to renewable energy sources.
• Integration of IoT and advanced analytics for improved operational efficiency.
• Government policies and incentives bolstering investments in turbine technologies.
• Increased focus on predictive maintenance and real-time monitoring to minimize downtime.

By Component

Sensors:

Sensors play a pivotal role in turbine control systems by providing real-time data on various operational parameters, such as temperature, pressure, and vibration. These sensors are crucial for monitoring the health of turbine components and ensuring their optimal performance. The integration of advanced sensors, including fiber optic and wireless technologies, has enhanced the ability to capture accurate and continuous data, which is essential for predictive maintenance and early fault detection. This capability not only improves the safety of turbine operations but also extends the lifespan of the systems. The growing emphasis on operational efficiency and the reduction of maintenance costs are driving the demand for sophisticated sensor technologies in turbine control systems.

Controllers:

Controllers are the brains behind turbine control systems, responsible for processing data from sensors and executing commands to optimize turbine performance. The evolution of controllers, from traditional programmable logic controllers (PLCs) to advanced distributed control systems (DCS), has significantly improved the flexibility and responsiveness of turbine operations. Modern controllers employ algorithms that enable real-time decision-making, leading to enhanced efficiency and reduced emissions. As the complexity of turbine systems increases, the need for advanced control strategies that can adapt to varying operational conditions is becoming critical. This trend is driving innovation in controller technologies, enhancing their capabilities in handling diverse energy sources and applications.

Software:

Software solutions for turbine control systems are becoming increasingly sophisticated, facilitating the integration of data analytics and machine learning algorithms to enhance operational performance. These software applications monitor performance metrics, analyze historical data, and provide actionable insights to operators to optimize turbine efficiency. Additionally, advanced software platforms support remote monitoring and control, enabling operators to manage turbine operations from off-site locations. The growing complexity of turbine systems and the need for efficient data management are propelling the demand for robust software solutions. Furthermore, the integration of cybersecurity measures within control software is gaining importance to protect critical infrastructure from potential cyber threats.

Communication Systems:

Communication systems are essential for seamless data transfer between various components of turbine control systems. Effective communication networks ensure that sensors, controllers, and software platforms can exchange real-time data, enabling quick decision-making and operational adjustments. The rise of wireless communication technologies, such as 5G and IoT-enabled devices, is significantly enhancing the capabilities of turbine control systems by providing reliable and high-speed data transmission. These advancements are crucial for implementing real-time monitoring and remote control functions, reducing the need for on-site personnel. As the demand for interconnected systems increases, the importance of robust communication infrastructures in turbine control systems becomes more pronounced.

Others:

This category encompasses various components that contribute to the overall functionality of turbine control systems, including auxiliary systems and support equipment. These components may include power supplies, cooling systems, and backup systems that ensure continuous operation of turbine controls during unexpected failures. Innovations in this segment are focused on enhancing reliability and reducing operational risks. The integration of modular components that can be easily replaced or upgraded is gaining popularity, allowing for greater flexibility in system design. As industries strive for enhanced operational resilience, the demand for diverse and reliable auxiliary components in turbine control systems is expected to grow.

By Type

Steam Turbines:

Steam turbines have long been a cornerstone of power generation, particularly in thermal power plants. The control systems for steam turbines are designed to manage steam flow and pressure effectively to optimize energy conversion efficiency. As the industry moves towards more efficient and cleaner technologies, advancements in turbine control systems are enabling better integration with renewable energy sources and hybrid systems. These innovations are aimed at enhancing operational efficiency, reliability, and responsiveness to varying energy demands, which is crucial for the sustainability of steam turbine operations in the evolving energy landscape.

Gas Turbines:

Gas turbines are increasingly favored for their high efficiency and lower emissions compared to traditional fossil fuel-based systems. The control systems for gas turbines focus on optimizing fuel combustion and maintaining safe operating conditions, which are essential for maximizing performance and reducing environmental impact. With the increasing adoption of gas turbines in both power generation and industrial applications, advancements in control technologies, such as advanced combustion management systems, are critical. These innovations help to improve efficiency and reduce harmful emissions, supporting the transition to cleaner energy solutions.

Wind Turbines:

Wind turbines represent a rapidly growing segment within the renewable energy sector, and their control systems are vital for maximizing energy capture while ensuring safety and reliability. Advanced control algorithms are implemented to optimize blade pitch and yaw adjustments based on real-time wind conditions, enabling wind turbines to operate efficiently across a wide range of scenarios. The increasing complexity of wind farms, with multiple turbines operating in unison, necessitates sophisticated control systems that can coordinate operations and enhance overall efficiency. This trend is driving innovation in turbine control technologies, leading to improved energy output and reduced operational costs.

Hydro Turbines:

Hydro turbines are essential for harnessing energy from flowing water, and their control systems are designed to manage water flow and turbine speed effectively. The control systems must adapt to varying water levels and flow rates to optimize energy production while ensuring structural integrity. Innovations in hydro turbine control technologies, including real-time monitoring and adaptive control mechanisms, enable operators to enhance efficiency and respond to changing environmental conditions. As the demand for clean energy sources increases, the role of hydro turbines and their control systems becomes increasingly important in the global energy landscape.

Others:

This category includes various types of turbines that may be used in niche applications or emerging technologies, such as tidal turbines. The control systems for these turbines must be tailored to specific operational requirements and environmental conditions. As new turbine technologies emerge, the need for specialized control systems that can optimize performance and ensure safety will drive further innovation in this segment. The diversification of turbine technologies and their applications highlights the need for adaptable and efficient control systems capable of meeting unique operational challenges.

By Application

Power Generation:

The power generation sector is the primary application area for turbine control systems, encompassing a wide range of technologies from traditional fossil fuel plants to modern renewable energy installations. Control systems in this sector are crucial for optimizing efficiency, managing emissions, and integrating diverse energy sources into the grid. With the increasing demand for reliable and sustainable energy solutions, advancements in turbine control technology are enabling power generation facilities to enhance their operational capabilities while minimizing environmental impacts. The transition towards decentralized energy production and smart grid technologies is further shaping the landscape of turbine control systems in power generation.

Oil & Gas:

In the oil and gas sector, turbine control systems are integral to various processes, including power generation for remote facilities and processing plants. The control systems are designed to ensure safe and efficient operation of gas turbines and steam turbines used in production and processing activities. With the growing emphasis on reducing emissions and improving operational efficiency in the oil and gas industry, advancements in turbine control technologies are becoming increasingly important. These innovations facilitate better performance monitoring and diagnostics, enabling operators to optimize energy usage and reduce the environmental footprint of their operations.

Marine:

The marine industry utilizes turbine control systems for various applications, including propulsion and onboard power generation. The control systems in marine turbines must operate reliably in challenging environments, ensuring optimal performance under varying conditions. Advances in control technologies, such as predictive maintenance and real-time monitoring, are enhancing the reliability and efficiency of marine turbine operations. As the demand for more efficient and environmentally friendly marine solutions increases, the role of turbine control systems in this sector will continue to grow, enabling better fuel efficiency and lower emissions.

Aerospace:

In the aerospace industry, turbine control systems are critical for the operation of jet engines and other propulsion systems. These systems must ensure precise control over various parameters, including fuel flow, turbine speed, and temperature, to optimize performance and safety. The integration of advanced control technologies, such as digital engine control systems, is enabling improvements in fuel efficiency and emissions reductions in modern aircraft. As the aerospace industry continues to innovate with next-generation propulsion technologies, the demand for sophisticated turbine control systems is expected to rise, supporting the overall trend towards more sustainable aviation solutions.

Others:

This category encompasses various applications where turbine control systems are utilized, such as in industrial processes and research facilities. These applications may require specialized control systems tailored to unique operational needs. As industries increasingly adopt advanced turbine technologies, the need for efficient and reliable control systems will continue to expand. Innovations in turbine control technologies that cater to diverse applications will play a crucial role in meeting growing energy demands and enhancing operational efficiencies across various sectors.

By User

Utilities:

Utilities are significant users of turbine control systems, as they operate various generation facilities, including thermal and renewable energy plants. The control systems in utility applications are designed to optimize performance, enhance reliability, and ensure compliance with regulatory standards. With the increasing focus on integrating renewable energy sources into the grid, utilities are investing in advanced turbine control technologies that enable better management of diverse energy portfolios. The shift towards smart grid initiatives and distributed energy resources is further driving the need for innovative turbine control solutions tailored for utility applications.

Industrial:

In industrial settings, turbine control systems are employed for various processes, including power generation, heating, and cooling. These systems must be robust and adaptable to meet the demands of different industrial applications. The focus on energy efficiency and sustainability is driving industrial users to seek advanced turbine control solutions that can optimize energy consumption and reduce operational costs. As industries embrace digital transformation and automation, the demand for integrated turbine control systems that facilitate real-time monitoring and data analytics is expected to grow significantly.

Commercial:

Commercial users, including large facilities and buildings, are increasingly adopting turbine control systems for power generation and heating applications. These systems help optimize energy usage and enhance sustainability while reducing dependence on grid electricity. The integration of renewable energy sources, such as solar and wind, into commercial settings is driving the demand for advanced turbine control technologies that facilitate seamless energy management. As commercial enterprises seek to improve their environmental performance and reduce energy costs, the role of turbine control systems will continue to expand.

Residential:

In residential applications, turbine control systems are becoming more prevalent as homeowners seek to harness renewable energy sources for power generation and heating. Small-scale wind turbines and micro-hydro systems are examples of residential applications where control systems are essential for optimizing performance and ensuring safety. As residential energy independence becomes a growing trend, the demand for efficient and user-friendly turbine control solutions tailored to home applications is expected to increase. Innovations in smart home technologies that integrate renewable energy management further enhance the appeal of turbine control systems in residential settings.

Others:

This category includes various users in niche markets, such as research institutions and small-scale energy producers, where turbine control systems are employed for specific applications. These users often require specialized control solutions tailored to unique operational needs and constraints. As the landscape of energy generation evolves and diversifies, the demand for customized turbine control technologies that address the specific challenges of these users will continue to grow, driving innovations in the sector.

By Region

The turbine control system market exhibits substantial regional variation, influenced by factors such as energy demand, regulatory frameworks, and technological advancements. North America represents a significant share of the market, driven by its established energy infrastructure and substantial investments in renewable energy projects. The region is expected to grow at a CAGR of 6.3% during the forecast period, fueled by the increasing adoption of advanced turbine technologies and the modernization of existing power generation facilities. The emphasis on reducing emissions and enhancing energy efficiency is prompting utilities and industries in North America to invest in advanced turbine control systems, further supporting market growth.

In contrast, the Asia Pacific region is emerging as a rapidly growing market for turbine control systems, with projections indicating a robust growth trajectory over the next decade. The region's expanding energy demand, driven by population growth and industrialization, is leading to increased investments in both traditional power generation and renewable energy projects. Countries like China and India are focusing on enhancing their energy infrastructure, which includes the integration of advanced turbine control technologies. As these nations strive to meet their energy needs sustainably, the demand for turbine control systems is expected to rise significantly, positioning the Asia Pacific region as a key player in the global market.

Opportunities

As the turbine control system market continues to evolve, several opportunities are emerging that can be leveraged by industry players to enhance their competitive edge. One of the most significant opportunities lies in the increasing emphasis on renewable energy sources, particularly wind and hydroelectric power. Governments and organizations globally are investing in cleaner energy alternatives to combat climate change and achieve sustainability goals. This transition presents a considerable opportunity for turbine control system manufacturers to develop and market advanced technologies that optimize performance and efficiency in renewable energy applications. Additionally, as industries increasingly focus on reducing operational costs and improving efficiency, the demand for integrated control solutions that incorporate data analytics and machine learning will provide a fertile ground for innovation and growth.

Furthermore, with the rise of smart grid initiatives and the digital transformation of the energy sector, there is a growing need for turbine control systems that can seamlessly integrate with emerging technologies. These systems must be capable of managing decentralized energy resources, participating in demand response programs, and facilitating energy storage solutions. The development of such advanced control systems not only offers a pathway for enhanced operational efficiency but also contributes to the overall stability and resilience of the energy grid. Furthermore, the increasing focus on predictive maintenance and real-time monitoring solutions represents another opportunity for market participants to innovate and provide value-added services that can enhance turbine reliability and performance, ultimately leading to increased customer satisfaction and loyalty.

Threats

Despite the promising growth prospects for the turbine control system market, several threats could hinder its expansion. One of the primary concerns is the volatility of raw material prices, which can significantly impact production costs for control system manufacturers. Fluctuations in the prices of essential components, such as sensors and electronic parts, may lead to unpredictable cost structures and reduced profit margins. Additionally, increased competition within the industry from both established players and new entrants can result in pricing pressures and reduced market share for existing manufacturers. The rapid pace of technological advancements also poses a challenge, as companies must continuously innovate to remain competitive while managing the associated research and development costs.

Moreover, regulatory changes and evolving environmental policies may present hurdles for turbine control system manufacturers. As governments implement stricter emissions regulations, companies may need to invest in redesigning their products to comply with new standards, which can require significant resources and time. Additionally, potential cybersecurity threats targeting turbine control systems could compromise the integrity of operations, leading to safety concerns and operational disruptions. As the industry becomes increasingly interconnected, the need for robust cybersecurity measures will become paramount. Failure to adequately address these threats could result in reputational damage and loss of customer trust, ultimately impacting business performance.

Competitor Outlook

• Siemens AG
• General Electric Company
• Honeywell International Inc.
• Rockwell Automation, Inc.
• Schneider Electric SE
• Emerson Electric Co.
• ABB Ltd.
• Yokogawa Electric Corporation
• Mitsubishi Electric Corporation
• Woodward, Inc.
• ANDRITZ AG
• Turbo Power Systems Limited
• Ingeteam S.A.
• GE Renewable Energy
• Ingersoll Rand Inc.

The competitive landscape of the turbine control system market is characterized by the presence of both established players and new entrants vying for market share. Major companies like Siemens, General Electric, and Honeywell dominate the market due to their extensive product portfolios and strong global presence. These companies invest heavily in research and development to innovate and enhance their turbine control technologies, catering to diverse applications across sectors such as power generation, oil and gas, and renewables. The competitive dynamics are further influenced by strategic partnerships and collaborations, allowing companies to leverage complementary strengths and expand their market reach.

As the market evolves, companies are also exploring mergers and acquisitions to strengthen their technological capabilities and enhance their competitive positioning. Emerging players are focusing on niche markets and developing specialized control solutions tailored to unique operational needs. This trend creates a diverse product landscape, allowing customers to choose from a wide array of offerings that meet specific performance and efficiency criteria. The rise of digitalization and smart technologies is also transforming the competitive landscape, as companies that can effectively integrate advanced data analytics and IoT capabilities into their turbine control systems gain a competitive advantage.

Major companies such as ABB Ltd. and Schneider Electric are focusing on sustainability and energy efficiency, aligning their growth strategies with the global transition towards cleaner energy solutions. These players are proactively developing innovative turbine control technologies that facilitate the integration of renewable energy sources and enhance operational resilience. Furthermore, companies like Emerson Electric and Rockwell Automation are leveraging their expertise in automation and control technologies to provide comprehensive solutions that address the evolving needs of the energy sector. As regulatory frameworks continue to evolve and environmental concerns gain prominence, the ability to deliver sustainable and efficient turbine control systems will be a key differentiator for success in this competitive landscape.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 RITZ AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 ABB Ltd.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Siemens AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Ingeteam S.A.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Woodward, Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 GE Renewable Energy
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Ingersoll Rand Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Emerson Electric Co.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Schneider Electric SE
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 General Electric Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Rockwell Automation, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Turbo Power Systems Limited
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Honeywell International Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Yokogawa Electric Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Mitsubishi Electric Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Turbine Control System Market, By Type
    • 6.1.1 Steam Turbines
    • 6.1.2 Gas Turbines
    • 6.1.3 Wind Turbines
    • 6.1.4 Hydro Turbines
    • 6.1.5 Others
  • 6.2 Turbine Control System Market, By user
    • 6.2.1 Utilities
    • 6.2.2 Industrial
    • 6.2.3 Commercial
    • 6.2.4 Residential
    • 6.2.5 Others
  • 6.3 Turbine Control System Market, By Component
    • 6.3.1 Sensors
    • 6.3.2 Controllers
    • 6.3.3 Software
    • 6.3.4 Communication Systems
    • 6.3.5 Others
  • 6.4 Turbine Control System Market, By Application
    • 6.4.1 Power Generation
    • 6.4.2 Oil & Gas
    • 6.4.3 Marine
    • 6.4.4 Aerospace
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Turbine Control System Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Turbine Control System market is categorized based on

By Component

• Sensors
• Controllers
• Software
• Communication Systems
• Others

By Type

• Steam Turbines
• Gas Turbines
• Wind Turbines
• Hydro Turbines
• Others

By Application

• Power Generation
• Oil & Gas
• Marine
• Aerospace
• Others

By user

• Utilities
• Industrial
• Commercial
• Residential
• Others

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Siemens AG
• General Electric Company
• Honeywell International Inc.
• Rockwell Automation, Inc.
• Schneider Electric SE
• Emerson Electric Co.
• ABB Ltd.
• Yokogawa Electric Corporation
• Mitsubishi Electric Corporation
• Woodward, Inc.
• RITZ AG
• Turbo Power Systems Limited
• Ingeteam S.A.
• GE Renewable Energy
• Ingersoll Rand Inc.