Global Boiler Control Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
“Global Boiler Control Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global boiler control market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global boiler control market report has been segmented on the basis of boiler type, control type, component, end user, and region.
Boiler control is a system enables a boiler to fire and provide a set point to control pumps and blending valves, and monitor operation and alarms. It is designed to operate efficiently and safely by providing greater flexibility in plant management and control along with reduced operating costs.
Increasing demand for boiler control in power generation sector owing to the increased power generation capacities, is a major factor expected to drive growth of the global boiler control market over the forecast period. In addition, increasing preference of boiler control due to its efficiency and reduce production costs, is another factor anticipated to fuel growth of the target market in the next coming years. Moreover, increasing research and development of new innovative products with changing demands, is among some factors estimated to drive growth of the potential market over the forecast period.
However, high upgrading cost of aging power plants and lack of standardization of protocols are among the factors which may hamper demand for boiler control and restrain growth of the global boiler control market over the forecast period.
Increasing adoption of industrial IoT for real-time decision-making is a factor expected to create a lucrative opportunity for growth of the global boiler control market over the forecast period.
Analysis by Segment:
On the basis of control type, the modulating control segment is estimated to account for significant share in terms of value and volume in the target market during the forecast period. On the basis of component, the hardware segment is anticipated to register highest growth in terms of revenue in the target market during the forecast period. On the basis of end user, the industrial segment is expected to register for significant share in terms of revenue in the target market during the forecast period.
Analysis by Region:
The boiler control market in the Asia Pacific is expected to hold major share in terms of revenue and is expected to dominate the target market over the forecast period. The Asia Pacific boiler control market is projected witness fastest growth in the target market over the forecast period. Growing renewable energy sources coupled with increasing demand for power generation in countries such as India, China, Japan, and Australia which in turn increase demand for boiler control, is expected to fuel growth of the target market over the forecast period in this region. The North America boiler control market is expected to register for significant revenue growth in the target market in the next coming years. The Europe boiler control market is anticipated to account for moderate growth in terms of revenue in the global boiler control market over the forecast period.
Market Segmentation and Key Players Operating in The Global Boiler Control Market:
Segmentation on the Basis of Boiler Type:
- Water Tube
- Fire Tube
Segmentation on the Basis of Control Type:
- Modulating Control
- On/Off Control
Segmentation on the Basis of Component:
Segmentation on the Basis of End User:
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- ABB Ltd.
- Siemens AG
- Schneider Electric
- Emerson Electric Co.
- Yokogawa Electric Corporation
- Cleaver-Brooks, Inc.
- Spirax-Sarco Inc.
- HBX Control Systems Inc.
- MicroMod Automation, Inc.
- Weil-McLain, Inc.
Request for TOC
Request for Customization
Don't just take our word. We are trusted by these great companies!