Boiler
Control Market Overview
The growing demand for boiler
control is attributed to the need for energy efficient equipment to save energy
and achieve operational efficiency. Countries across the globe are focusing on
investing in renewable power generation, natural gas fired power generation,
and oil & gas sector to reduce carbon emission across the industries. One
of the major restraints for the global boiler control market is upgrading cost
of aging power plants.
Boilers are used
to generate hot water and steam that is typically used in industrial processing
plants and commercial complexes. These boilers require a control system to help
in smooth functioning of the boiler by integrating control function of burner
and maintain safety of the boiler with accurate fuel-air ratio. The boiler
control system can be controlled in two ways, namely, modulating control and
on/off control.
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Industry
Segmentation
The boiler control market has been segmented based on end-users into industrial
and commercial. Among these types, industrial is the fastest growing segment in
the boiler control market due to the rising demand for energy efficient control
system for the smooth functioning of boiler and to maintain fuel to air ratio.
Leading players in boiler control market such as ABB, Siemens, Cleaver-Brooks,
Emerson, and others have signed contracts & agreements to provide their
control system in power plants and process industries.
Leading
Players
The key players of
the global boiler control market are Honeywell (US), Emerson (US), ABB
(Switzerland), Siemens (Germany), Schneider (France), Spirax Sarco (UK),
Cleaver-Brooks (US), Yokogawa (Japan), HBX Control systems (Canada), and
Burnham Commercial (US).
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Regional
Outlook
Asia Pacific held the largest
market share of the global boiler control market in 2017. It is estimated that
Asia-Pacific region would be the fastest growing market during the forecast
period, mainly due to the rising investment power generation and increased
adoption of industrial internet of things. Moreover, rising urbanization and
proliferation of electrification are expected to drive boiler control market in
this region. China, India, and Australia are the leading countries, among
others, which are likely to contribute to the growth of the boiler control
market in Asia Pacific.
Scope
of the Report
This research report provides insights into various levels of analysis,
such as industry analysis and market share analysis for the leading industry
competitors, along with their profiles. It also helps in studying the target
segments by providing views on the emerging & high-growth segments. The
market data comprises the basic assessment of the competitive scenarios and
strategies in the global boiler control market, including high-growth regions
and/or countries, and political and economic environments. The project report
further provides both – historical market values and pricing & cost
analysis.
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