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. Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19
on Boiler Control Market is included in the present report. 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.
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NOTE: Our team of researchers are studying
Covid19 and its impact on various industry verticals and wherever required we
will be considering covid19 footprints for a better analysis of markets and
industries. Cordially get in touch for more details.
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