Boiler
Control Market Scenario
The global boiler control market is
expected to grow at 6.01% CAGR during the forecast period. 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.
The advantages of boiler control
include efficient energy use, reduction of running cost by operating more than
one boiler at a time, and reduce the inefficiencies arising from excess air
content in boiler process.
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.
Industry
Segmentation
Global boiler control market has been segmented based on type, control
type, component, end-user, and region.
Based on type, the market is classified into water-tube and fire-tube
boiler.
Based on
control type, the market is segmented as modulating and on/off. Modulating
control segment is estimated to dominate the market during the forecast period
due to its vast implementation in large power plants along with low energy
losses resulting in larger market share during the forecast period. Considering
the end-user segment, the market is segmented as industrial and commercial.
Industrial segment is estimated to be the largest and fastest growing market
during the forecast period.
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).
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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