Global Boiler Control Market 2022-2026

Global Boiler Control Market 2022-2026

Technavio has been monitoring the boiler control market and it is poised to grow by $ 820.03 mn during 2022-2026, progressing at a CAGR of 6.02% during the forecast period. Our report on the boiler control market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the integration of burner management system (BMS) for optimization of the boiler process, increasing adoption in the power generation sector, and the growing demand for automation to enhance the performance of the boiler. In addition, the integration of burner management system (BMS) for optimization of the boiler process is anticipated to boost the growth of the market as well.

The boiler control market analysis includes the type segment and geographic landscape.

Technavio's boiler control market is segmented as below:

By Type

• Water tube
• Fire tube

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the rising trend of multi-fuel boilers as one of the prime reasons driving the boiler control market growth during the next few years. Also, the implementation of artificial intelligence and strategic partnerships and acquisitions will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on boiler control market covers the following areas:

• Boiler control market sizing
• Boiler control market forecast
• Boiler control market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading boiler control market vendors that include Yokogawa Electric Corp., ABB Ltd., Acuity, Babcock and Wilcox Enterprises Inc., Burnham LLC, Cleaver-Brooks Inc., Emerson Electric Co., Federal Corp., Forbes Marshall Pvt. Ltd., HBX Control Systems Inc., Honeywell International Inc., Legrand SA, MicroMod Automation and Controls LLC, Parker Boiler Co., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Spirax Sarco Engineering plc, Sprecher + Schuh, SPX Corp., The Fulton Companies, VirtualExpo Group, and Eaton Corp. plc. Also, the boiler control market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.