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During the current forecast horizon of 2023–2030, the boiler control market value is anticipated to reach a global amount of USD 2719.62 Million. The market is anticipated to expand significantly and reach a global market CAGR of 7.0% over this time. The global market's total market revenue for the historical forecast period, which ended in 2019, was estimated at USD 1.80 billion.
A closed vessel that transforms fluid, primarily water, into steam is how a boiler works. The effectiveness of the entire process is maximised by a boiler control system built into a conventional boiler. In industrial boilers, where a significant quantity of energy is consumed, the boiler control systems are typically used. It has a number of benefits, including removing the cost of the process cycle, which enhances turn-down ratios and helps manage energy more effectively. It significantly contributes to improving a boiler's safety features, such as steam temperature regulation, pressure control, humidity control, and others. Hardware and software elements including an actuator, controller, sensors, valves, pumps, and other software-controlled systems make up the boiler control.
The boiler control is crucial to maximising the operation of the power plant and preventing any unintentional equipment damage. Additionally, the internet of things (IoT) and real-time information investments may soon present attractive market prospects for the expansion of the boiler control market.
Increased demand for boiler automation to improve their efficiency, followed by rising demand for boiler control in the power generating industry, will propel the market upward over the forecast period. In order to avoid any unintentional harm to the utilised equipment, boiler controls are crucial. The market will rise at a fantastic rate throughout the forecast period as a result of the growing investment in the internet of things (IoT) and real-time information.
But one of the potential market barriers is the high cost of upgrading that comes with old power plants, followed by a lack of standardisation in procedures and the changes brought on by the pandemic, which could prevent the industry from expanding in the global market.
The rising demand for boiler control systems on the market has also been influenced by the expanding environmental concerns about emissions from power plants. The majority of governments are investing profitably in various power generation initiatives, such as the Indian government's investment in the National Electric Plan. Such events are anticipated to accelerate industry growth soon. The expensive cost of installing these systems, however, is anticipated to impede this market's expansion. Due to considerable investments made in the power generation and process industries, many participating nations, including China, India, and Australia, are leading nations and contribute to the expansion of the boiler control market in the Asia-Pacific region. The need for boiler control systems is also projected to increase due to rising investments in outdated power plants and a growing emphasis on energy-efficient machinery in the industrial sector.
Report Coverage
Global Boiler Control research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Boiler Control report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Boiler Control competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Boiler Control market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Boiler Control market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Boiler Control market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Siemens AG (Germany), Rockwell Automation (US), ABB Ltd (Switzerland), Schneider Electric SE (France), Legrand (France), Eaton (Ireland), Acuity (US), Sprecher Schuh (US), Hager (Germany), and Federal Electric (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Boiler Control market based on the below-mentioned segments:
Global Boiler Control Market, By Type
Water-tube
Fire-tube
Global Boiler Control market, By Component
Hardware
Software
Global Boiler Control Market, By End User
Industrial
Commercial
Global Boiler Control market, Regional Analysis
A closed vessel that transforms fluid, primarily water, into steam is how a boiler works. The effectiveness of the entire process is maximised by a boiler control system built into a conventional boiler. In industrial boilers, where a significant quantity of energy is consumed, the boiler control systems are typically used. It has a number of benefits, including removing the cost of the process cycle, which enhances turn-down ratios and helps manage energy more effectively. It significantly contributes to improving a boiler's safety features, such as steam temperature regulation, pressure control, humidity control, and others. Hardware and software elements including an actuator, controller, sensors, valves, pumps, and other software-controlled systems make up the boiler control.
The boiler control is crucial to maximising the operation of the power plant and preventing any unintentional equipment damage. Additionally, the internet of things (IoT) and real-time information investments may soon present attractive market prospects for the expansion of the boiler control market.
Increased demand for boiler automation to improve their efficiency, followed by rising demand for boiler control in the power generating industry, will propel the market upward over the forecast period. In order to avoid any unintentional harm to the utilised equipment, boiler controls are crucial. The market will rise at a fantastic rate throughout the forecast period as a result of the growing investment in the internet of things (IoT) and real-time information.
But one of the potential market barriers is the high cost of upgrading that comes with old power plants, followed by a lack of standardisation in procedures and the changes brought on by the pandemic, which could prevent the industry from expanding in the global market.
The rising demand for boiler control systems on the market has also been influenced by the expanding environmental concerns about emissions from power plants. The majority of governments are investing profitably in various power generation initiatives, such as the Indian government's investment in the National Electric Plan. Such events are anticipated to accelerate industry growth soon. The expensive cost of installing these systems, however, is anticipated to impede this market's expansion. Due to considerable investments made in the power generation and process industries, many participating nations, including China, India, and Australia, are leading nations and contribute to the expansion of the boiler control market in the Asia-Pacific region. The need for boiler control systems is also projected to increase due to rising investments in outdated power plants and a growing emphasis on energy-efficient machinery in the industrial sector.
Report Coverage
Global Boiler Control research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Boiler Control report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Boiler Control competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Boiler Control market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Siemens AG (Germany), Rockwell Automation (US), ABB Ltd (Switzerland), Schneider Electric SE (France), Legrand (France), Eaton (Ireland), Acuity (US), Sprecher Schuh (US), Hager (Germany), and Federal Electric (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Boiler Control Market from 2021 to 2030.
- Market Forecast for Boiler Control Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Boiler Control competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Boiler Control
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Boiler Control market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Boiler Control market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Siemens AG (Germany), Rockwell Automation (US), ABB Ltd (Switzerland), Schneider Electric SE (France), Legrand (France), Eaton (Ireland), Acuity (US), Sprecher Schuh (US), Hager (Germany), and Federal Electric (US)
Primary Target Market
- Market Players of Boiler Control
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Boiler Control market based on the below-mentioned segments:
Global Boiler Control Market, By Type
Water-tube
Fire-tube
Global Boiler Control market, By Component
Hardware
Software
Global Boiler Control Market, By End User
Industrial
Commercial
Global Boiler Control market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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