Global Boiler Control Market Size Study, by Type (Water Tube Boiler, Fire Tube Boiler), by Control (Modulating, On/Off), by Component (Hardware, Software), by End User (Industrial, Commercial) and Regional Forecasts 2022-2032

Global Boiler Control Market Size Study, by Type (Water Tube Boiler, Fire Tube Boiler), by Control (Modulating, On/Off), by Component (Hardware, Software), by End User (Industrial, Commercial) and Regional Forecasts 2022-2032

The Global Boiler Control Market is valued at approximately USD 2.15 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.10% over the forecast period 2024-2032. Boilers are closed vessels used to convert fluids, mainly water, into steam, playing a crucial role in industrial applications where significant energy is utilized. Integrated boiler control systems optimize the efficiency of the overall process, offering advantages such as cost elimination for the process cycle, improved turn-down ratios, and efficient energy management. These systems enhance boiler safety aspects including steam temperature regulation, pressure control, and humidity control, comprising hardware and software components like actuators, controllers, sensors, valves, pumps, and software-controlled systems.

One of the major factors driving the growth of the boiler control market is its substantial adoption in the power generation sector. With rapid globalization and industrial development, the demand for boiler control systems has surged as power generation plants strive to operate at maximum potential to meet global electricity demands. Industrial boilers, fundamental components of power generation plants, necessitate efficient boiler control systems to enhance boiler efficiency and meet the increasing power generation demands. Also, growing environmental concerns about emissions from power plants have further driven the popularity of boiler control systems. Governments worldwide are making significant investments in power generation projects, such as the Indian government's National Electric Plan in 2017. These developments are expected to boost market growth. However, the high cost of installation is projected to challenge market growth.

The Asia Pacific region holds a significant share of the global boiler control market, driven by rapid industrial development and increasing numbers of power plants in emerging economies like China and India. Europe and North America are also expected to witness lucrative growth due to the growing power requirements and demand for efficient boiler control solutions in developed nations such as the U.S., Switzerland, and Australia, creating lucrative opportunities for the global boiler control market during the forecast period.

Major market players included in this report are:

Yokogawa

Spirax Sarco

ABB

Siemens

Honeywell

Emerson

Burnham Commercial

HBX Control Systems

Cleaver-Brooks

Schneider

The detailed segments and sub-segment of the market are explained below:

By Type:
• Water Tube Boiler
• Fire Tube Boiler

By Control:
• Modulating
• On/Off

By Component:
• Hardware
• Software

By End User:
• Industrial
• Commercial

By Region:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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