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Wednesday, February 1, 2023

Global Boiler Control Market Size To Grow At A CAGR Of 6.10% In The Forecast Period Of 2023-2028

The ‘Global Boiler Control Market Share, Size, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global boiler control market, assessing the market on the basis of its segments like boiler type, control type, component, end-use, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Boiler Control Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 6.10%

Boiler control improves boiler efficiency, increases the lifespan of the boiler, reduces the cost of energy, decreases emission of greenhouse gases such as CO2, reduces the chance of boiler break-down, facilitates temperature consistency, and offers remote monitoring capabilities. Hence, boiler control is witnessing a heightened application in both commercial and industrial sectors, leading to a heightened growth of the boiler control market.

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Furthermore, boiler control systems are energy-efficient and reduce pollution, which are critical advantages of the product. Across the emerging economies, the increasing emphasis on reducing carbon footprints are leading to an escalated deployment of boiler controls across industrial plants. Meanwhile, the increasing expansion of power plants, owing to the rising global demand for electricity, is providing impetus to the global boiler control market.

Over the forecast period, the anticipated increase in demand for large commercial boilers in institutions, commercial complexes, and offices, to provide hot water and steam, is expected to propel the demand for boiler control. Moreover, the growing expansion of the power sector is expected to escalate the demand for boilers, owing to the rapid digitalisation of the end use power sectors. Increasing efforts to increase production capacities to bolster operational efficiency in this sector are also expected to aid the boiler control market.

Boiler Control Industry Definition and Major Segments

Boiler control is defined as a system which maintains and regulates a boiler, which is used to generate heat and hot steam in industrial processing plants. Boiler control systems monitor important aspects such as water levels, which are crucial to facilitate smooth operation of the boiler. Depending upon the number and type of boilers being deployed, boiler control can vary.

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Based on boiler type, the market is segmented into:

• Water Tube Boiler
• Fire Tube Boiler
• Others

On the basis of control type, the market is divided into:

• Modulating Control
• On/Off Control

By component, the market is segmented into:

• Hardware
• Software

Based on end-use, the market is bifurcated into:

• Commercial
• Industrial

On the basis of region, the market is categorised into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Boiler Control Market Trends

The key trends in the global boiler control market include the growing demand for boilers across various end use industries including textile, plywood, food processing, FMCG, sugar plants, and thermal power, among others. Rapid industrialisation of the emerging economies across the globe are boosting the incorporation of boilers which is in turn propelling the demand for boiler control systems.

Technological upgradations in boiler control systems, which include the implementation of artificial intelligence (AI), internet of things (IoT), and machine learning, among others, are the crucial trends in the boiler control market. Increasing development and incorporation of direct digital control systems which are capable of handling multiple boilers, is likely to add to the market growth in the coming years.

In geographical terms, Asia Pacific accounts for a significant share in the market. Increasing initiatives by governments across the emerging economies such as China aimed towards promoting energy-efficient solutions in the industrial sector are the driving factors. Strong foothold of boiler manufacturers in countries like India are supporting energy and cost-effective boilers. Moreover, the increasing number of power plants in the region and growing maintenance of the existing ones are further fuelling the demand for boiler control in the Asia Pacific.

Key Market Players

The major players in the boiler control market report are

  • Siemens Aktiengesellschaft
  • Emerson Electric Co.
  • Bosch Thermotechnology Ltd.
  • Cleaver-Brooks Company, Inc.
  • Spirax Sarco Limited
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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