Boiler Control Market Research and Forecast 2019-2026 by ABB, Siemens, Emerson, , Yokogawa, Schneider, Honeywell International, Cleaver-Brooks, Spirax Sarco

Global Boiler Control Market valued approximately USD 1.8 billion in 2018 is anticipated to grow with a healthy growth rate of more than 6.1 % over the forecast period 2019-2026. The advent of digital technologies in power plants and adoption of industrial IOT are considered as a major growth trends for the global Boiler Control market. The key drivers for the Boiler Control Market are increasing power generation capacity, investment in renewable power generation plants, growing investment in digital technologies in power plants, need for replacing aging power plants and increasing focus towards energy control system in order to reduce carbon emission.

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Boiler control systems assist in controlling and monitoring the plant from a remote location and also to adjust burner fire rate in order to maintain a set pressure in the distribution system. Growing investment in digital technologies in power plant is significantly driving the market as with the increasing need for electricity and renewable energy, digital technology implementation enhances the plant operation by giving better insight, prediction and diagnosis of asset failures. Further, digitization in power plants facilitates in continuous monitoring coupled with decreased unplanned downtime.

Thus, to improve the efficiency of power plants investment in digitization is increasing thereby supplementing the market growth. As per the International Energy Agency, global investment in digital electricity infrastructure and software represent about 20% annual growth from 2014 and reached about $47 billion in 2016. Further, as per the source, the overall savings from the digital enable measures could be 5% of the total annual power generation costs or $80 billion per year over 2016-40. Thus, investment in digital technologies in power generation is supplementing the adoption & growth Boiler Control. Furthermore, implementation of AI for improving efficiency of boiler is expected to create lucrative growth prospects of the Boiler Control market across the globe. However, high cost associated upgrading aging power plants act as a key restraint for the market during the forecast period.

The regional analysis of Boiler Control Market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. Asia-Pacific holds the leading position in Boiler Control market due to rising investment in power generation, focus towards optimizing energy use coupled with rising urbanization. Further, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share owing to the untapped opportunities in countries such as India, China, Australia and Japan.

The major market players mainly include-
ABB, Siemens, Emerson, , Yokogawa, Schneider, Honeywell International, Cleaver-Brooks, Spirax Sarco, HBX Control Systems, Burnham Commercial, Micromod Automation, Weil-Mclain

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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

By Boiler Type
Water Tube Boiler
Fire Tube Boiler

By Control Type
On/Off Control
Modulating Control

By Component
Hardware
Software

By End-User
Industrial
Commercial

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
ROE
Asia Pacific
China
India
Japan
ROAPEC
LAMEA
Brazil
Mexico
ROW
Middle East & Africa

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Posted by on Tuesday December 10 2019, 5:03 AM EST. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Construction, Featured Press Release, Machinery & Parts, Manufacturing, Manufacturing & Construction. Comments and Trackbacks closed. Follow responses: RSS 2.0

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