There are many new gas turbine combined cycle power plants (GTCC) under construction and in operation. This represents a market potential of $3.5 billion/yr. for valve suppliers. However, the Industrial Internet of Things (IIoT) is creating a metamorphosis in the route to market and profitability. This market is being continually assessed in N028 Industrial Valves: World Market. Each gas turbine project is tracked in59EI Gas Turbine and Reciprocating Engine Supplier Program. Smart valves provide a route to increase revenue and profitability. Both on/off and control valves have “smart” capabilities. An on/off valve can be supplied with a controller which is intelligent, having digital communication and a microprocessor capable of on-board diagnostics. The controller can detect deteriorating valve performance. Diagnostics also include high and low temperature monitoring. The on/off valve diagnostics make it possible to more accurately predict the need for maintenance based on how hard the valve is working and how it is performing. Click Here For Complete News Release Text
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