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.
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).
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.
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
No comments:
Post a Comment