Boiler Control - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Boiler Control Market is accounted for $1.92 billion in 2019 and is expected to reach $3.55 billion by 2027 growing at a CAGR of 8.0% during the forecast period. The increasing need for minimizing carbon footprint, rising demand from the power generation industry, and improving boiler efficiency through the implementation of artificial intelligence are some of the factors propelling the growth of the market. However, rising technological investments regarding shifting focus toward renewable power generation systems are hampering the growth of the market.
Boiler control is a system that manages, commands direct, and regulates the boiler. Boiler control will enable the boilers to maintain efficiency and safety features. It provides greater control of heat and where it is distributed. It assists the boiler to distribute heat evenly throughout the building.
Based on the control type, the modulating control segment is anticipated to hold considerable market share during the forecast period because of high combustion efficiency in association with enhanced safety conditions and increasing demand for energy-saving control systems and reduction of risks in a boiler explosion. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period because of the growing population, leading to increased demand for power generation and renewable energy sources in South East Asian countries.
Some of the key players profiled in the Boiler Control Market include Yokogawa, Weil-Mclain, Spirax Sarco, HBX Control Systems, Schneider, Micromod Automation, Honeywell International, Emerson, Cleaver-Brooks, Burnham Commercial, ABB, and Siemens.
Control Types Covered:
• On/Off Control
• Modulating Control
• High-Fire/Low-Fire Control
Boiler Types Covered:
• Fire Tube Boiler
• Water Tube Boiler
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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