The Global Boiler Control Market is valued at approximately USD 2.15 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.10% over the forecast period 2024-2032. Boilers are closed vessels used to convert fluids, mainly water, into steam, playing a crucial role in industrial applications where significant energy is utilized. Integrated boiler control systems optimize the efficiency of the overall process, offering advantages such as cost elimination for the process cycle, improved turn-down ratios, and efficient energy management. These systems enhance boiler safety aspects including steam temperature regulation, pressure control, and humidity control, comprising hardware and software components like actuators, controllers, sensors, valves, pumps, and software-controlled systems.
One of the major factors driving the growth of the boiler control market is its substantial adoption in the power generation sector. With rapid globalization and industrial development, the demand for boiler control systems has surged as power generation plants strive to operate at maximum potential to meet global electricity demands. Industrial boilers, fundamental components of power generation plants, necessitate efficient boiler control systems to enhance boiler efficiency and meet the increasing power generation demands. Also, growing environmental concerns about emissions from power plants have further driven the popularity of boiler control systems. Governments worldwide are making significant investments in power generation projects, such as the Indian government's National Electric Plan in 2017. These developments are expected to boost market growth. However, the high cost of installation is projected to challenge market growth.
The Asia Pacific region holds a significant share of the global boiler control market, driven by rapid industrial development and increasing numbers of power plants in emerging economies like China and India. Europe and North America are also expected to witness lucrative growth due to the growing power requirements and demand for efficient boiler control solutions in developed nations such as the U.S., Switzerland, and Australia, creating lucrative opportunities for the global boiler control market during the forecast period.
Major market players included in this report are:
Yokogawa
Spirax Sarco
ABB
Siemens
Honeywell
Emerson
Burnham Commercial
HBX Control Systems
Cleaver-Brooks
Schneider
The detailed segments and sub-segment of the market are explained below:
By Type:
Water Tube Boiler
Fire Tube Boiler
By Control:
Modulating
On/Off
By Component:
Hardware
Software
By End User:
Industrial
Commercial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
