Boiler Control Market Research Report Information by Type (Water-tube, Fire-tube), Control Type (Modulating Control, On/Off), Component (Hardware, Software), End-User (Industrial and Commercial), and Region (North America, Asia-Pacific, Europe, Middle East & Africa, and South America) – Global Forecast till 2023
Boiler Control Market Analysis
The global boiler control market is estimated to expand at 6.01% CAGR during the forecast period. The global boiler control market is projected to grow at a high rate during the forecast period, mainly due to the growing demand for boiler control due to more emphasis on energy efficiency.
Boilers are used to generate hot water and steam that is typically used in industrial processing plants and commercial complexes. Boilers require an efficient control system to maintain safety of the boiler and track boiler performance in order to achieve operational efficiency. The growing demand for boiler control is attributed to the need for energy efficient equipment to save energy and achieve operational efficiency.
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Countries across the globe are focusing on investing in renewable power generation, natural gas fired power generation, and oil & gas sector to reduce carbon emission across the industries. One of the major restraints for the global boiler control market is upgrading cost of aging power plants.
The boiler control system includes hardware as well as software components. It integrates the functions of a programmable controller and burner management controller along with boiler operating and ancillary control. The advantages of boiler control include efficient energy use, reduction of running cost by operating more than one boiler at a time, and reduce the inefficiencies arising from excess air content in boiler process.
The key players of the global boiler control market are Honeywell (US), Emerson (US), ABB (Switzerland), Siemens (Germany), Schneider (France), Spirax Sarco (UK), Cleaver-Brooks (US), Yokogawa (Japan), HBX Control systems (Canada), and Burnham Commercial (US).
Scope of the Report
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global boiler control market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis
Global Boiler Control Industry Segmental Analysis
Global boiler control market has been segmented based on type, control type, component, end-user, and region.
Based on type, the market is classified into water-tube and fire-tube boiler. The water tube segment is expected to be the largest market for boiler control in 2018. Higher efficiency compared to fire-tube boilers along with high operating pressure for steam generation are the key drivers for the growth of the water tube boilers in the boiler control market.
Based on control type, the market is segmented as modulating and on/off. Modulating control segment is estimated to dominate the market during the forecast period due to its vast implementation in large power plants along with low energy losses resulting in larger market share during the forecast period.
Considering the end-user segment, the market is segmented as industrial and commercial. Industrial segment is estimated to be the largest and fastest growing market during the forecast period. This is due to the rapid growth of population in developing countries such as Saudi Arabia, Qatar, India, and others. An increasing focus on replacement of aging power plants with new efficient control systems along with implementing artificial intelligence in boiler control systems in the power sector to track parameters such as temperature, flame shape, and reduction of carbon footprint are the major drivers of the industrial segment.
Region wise, Asia Pacific held the largest market share of the global boiler control market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment power generation and increased adoption of industrial internet of things. Moreover, rising urbanization and proliferation of electrification are expected to drive boiler control market in this region. China, India, and Australia are the leading countries, among others, which are likely to contribute to the growth of the boiler control market in Asia Pacific.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
3. Market Landscape
4. Market Dynamics
5. Global Boiler Control Market, By Type
5.2. Water-Tube Boiler
5.3. Fire-Tube Boiler
6. Global Boiler Control Market, By Control Type
7. Global Boiler Control Market, By Component
8. Global Boiler Control Market, By End-User
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