USD 2.11 billion
Boiler Control Market Size, Share, Growth Analysis, By Type(Water-tube Boiler Type, and Fore-tube Boiler Type), By Hardware, and Software(SCADA Control System, PLC, Valves, Pumps), By Control Type(On/Off Control, and Modulating Control), By End Users(Commercial Sector and Industrial Sector), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2415 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|Tables:
117
|Figures:
75
Boiler Control Market Insights
Global Boiler Control Market size was valued at USD 2.11 billion in 2022 and is poised to grow from USD 2.24 billion in 2023 to USD 3.59 billion by 2031, growing at a CAGR of 6.09% in the forecast period (2024-2031).
The developing environmental issues, approximately emissions from the strength flowers have also performed a driver inside the growing reputation of the boiler manipulate systems within the marketplace. Most governments are making attractive investments in special power era initiatives, which include the funding of the Indian government within the National Electric Plan. Such tendencies are predicted to reinforce the marketplace's growth shortly. However, the high cost of putting in these structures is projected to grow this market. Moreover, many taking part in international locations like China, India, and Australia are the leading nations and contribute to the boom of the boiler control market within the Asia-Pacific area due to sizable investments being made in the electricity era and manner industries.
Increasing investments in getting old energy vegetation and growing attention on power efficiency equipment in the commercial area are further likely to reinforce the demand for boiler management systems. There are devices that are used to suppress unpleasant news, to adjust the volume of water or to reduce the pressure at the bottom of the boiler or blower. Thus, boiler maintenance is essential to ensure proper operation of the power plant and to prevent accidental damage to equipment. Furthermore, investments in Internet of Things (IoT) and real-time data can provide lucrative market opportunities for the growth of the global boiler control market.
The Boiler Control market is segmented into Boiler Type, Control Type, Component and Application. Two types of boiler major are used: water hose boilers and fire hose boilers. The water-tube boiler is used for steam production and for power generation in many industries due to its high operating pressure. It is mainly used in heavy industrial equipment and power generation. The control type is divided into modulating control and on/off control. Monitors and controls the air and fuel supply to the burner as per load requirements.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fire-Tube
Fastest Growth
Growth Rate
6.09% CAGR
Global Boiler Control Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Boiler Control Market Segmental Analysis
The market has been divided worldwide based on the type into water-tube and fore-tube boiler types. The market has been divided worldwide based on the hardware and software, which further includes SCADA control system, PLC, valves, pumps, sensors, controller, and actuator. The market has been divided worldwide based on the control type into on/off and modulating control. The market has been divided worldwide based on end-users into the commercial and industrial sectors. The market has been divided worldwide based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.
Analysis by Type
The industrial segment of the global boiler control market is expected to grow at a rapid pace during the forecast period. This can be attributed to rapid population growth in developing countries such as the Middle East, Asia and the Pacific. The technical segment is more focused on replacing the aging electrical equipment with new and more efficient systems along with artificial intelligence in the boiler control system in the power plant for maintenance that heat, flame and carbon footprint are reduced.
The commercial segment plays a key role in the boiler control market, influencing the development, adoption and evolution of control systems designed to meet the specific requirements of commercial applications Commercial boilers are commonly used in office buildings, hotels, schools, hospitals and a variety of other non-industrial areas.
Analysis by End-User
The water-tube boiler is the dominating segment used for steam production and for power generation in many industries due to its high operating pressure. It is mainly used in heavy industrial equipment and power generation. The control type is divided into modulating control and on/off control. Monitors and controls the air and fuel supply to the burner as per load requirements.
The fire-tube boiler control is the fastest growing segment and plays an important role in the efficient, effective and safe operation of a boiler. This system controls various parameters such as temperature, pressure and fuel flow, ensuring that the boiler operates at optimal specifications. The role of each boiler component in the wider boiler control market, be it fire-tube or water-tube boiler, is to integrate advanced control systems with ease.
Global Boiler Control Market By End-Use
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Boiler Control Market Regional Insights
During the forecast period, the Asia Pacific is expected to dominate the global boiler control market due to the developing population, mainly due to multiplied demand for the electricity era, mainly in international locations which includes India, China, Australia, and Japan. The rising percentage of renewable strength sources in Southeast Asian countries is likewise driving the market growth. Attributed to the rapid business development and an increasing amount of energy plant life, the demand for boiler manipulation has surged in some of the emerging economies in Asia Pacific.
The market in North America is likewise anticipated to witness beneficial increase due to the growing strength requirement and the increasing call for efficient boiler management answers in the developed nations inclusive of the United States, Switzerland, and Australia, among others. The location has a high variety of industries and is drastically increasing electricity generation via renewables, propelling the demand for boiler management solutions in North America. North America is experiencing significant growth in the energy and electricity industry due to expanded manufacturing industries, investments in the oil and gas sector and increasing demand for energy the United States is driven by energy generation and it’s very electric. Moreover, companies are keen to invest in boiler control system to optimize boiler performance which can create an attractive market for boiler control. European countries are developing cleaner energy sources, but there is still plenty of capacity to generate electricity in conventional power plants.
Global Boiler Control Market By Region
- Largest
- Fastest
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Boiler Control Market Dynamics
Drivers
Rising Demand for Energy-Efficient Control Systems Propelling Market Growth
- The rising call for the electricity-green control system and the improved protection capability of the boiler manage machine are predicted to propel the growth of the worldwide boiler control market. A developing want for minimizing the carbon footprint and the need to enhance the efficiency of the boiler is likewise using the growth of the global market. The speedy enlargement of the strength flora, at the side of the growing situation towards protection, is similarly triggering the market growth. Boiler manipulation assists growth performance, saves operational value and improves the boiler's lifestyles.
Increasing Demand for Automation
- The increasing demand for automation to optimize boiler operations followed by increasing demand for boiler control in the power industry will propel the market to growth during the forecast period. Boiler controls play an important role in accidental shutdown of appliances. Growing investments in Internet of Things (IoT) and real-time information will help the market expand in a positive direction during the forecast period.
Restraints
High Manufacturing Costs
- Certain segments may hinder the growth of the market. A major factor restraining the market growth is high manufacturing costs associated with aging power plants. Furthermore, the changes brought about by the pandemic and the disorganization of policies may restrict performance in the coming years.
High Cost of Wastage
- However, one of the factors that can restrain the market is the high cost of wastage of aging electrical equipment followed by lack of proper infrastructure and the changes brought about by the pandemic may restrain the market the growth edge in the international market.
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Boiler Control Market Competitive Landscape
The competitive environment of the global Boiler Control market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global market competitive landscape provides detailed information from competitors. Detailed information includes company overview, company financials, earnings, market potential, investment in research and development, new market strategy, global presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority.
Top Player’s Company Profiles
- Emerson (US)
- Burnham Commercial (US)
- Spirax Sarco (UK)
- HBX Control Systems (Canada)
- Schneider (France)
- Yokogawa (Japan)
- Siemens (Germany)
- Cleaver-Brooks (US)
- ABB (Switzerland)
- Honeywell (US)
- ABB
- Siemens
- Schneider
- Honeywell International
- Cleaver-Brooks
- Spirax Sarco
- HBX Control Systems
- Burnham Commercial
Recent Developments
- In October 2019, Siemens Gas & Power and Russian chemical company PJSC Kazanorgsynthez signed an agreement to build a 250 MW combined cycle power plant in Tatarstan The new power plant in Tatarstan will contribute to the economic viability of its chemical sector.
- In September 2019, Babcock & Wilcox Co. won a $12 million contract to refurbish water treatment plants in the U.S., manufacturing plants. The scope of the project includes the design and construction of steam drums, furnaces, superheaters, generating banks, air systems, economizers and other components for the plant’s recovery boiler.
- Fulton launched a new line of VSRT products in June 2023 in response to growing demand for low-energy boilers. The only tubeless models on the market are the two new boilers the company has added to its range.
Boiler Control Key Market Trends
Rise in Globalization
- One of the main factors responsible for the growth of the boiler control marketplace is its vast adoption within the strength era area. With the speedy globalization and industrial improvement, there's a surge in calls for a boiler control market. As a result, the strength technology flowers need to work at the best capability to supply the required quantity of strength. Industrial boilers are one of the essential additives of an energy generation plant. It is notably needed to produce boiler management at large scales for reinforcing the boiler efficiency to satisfy the call for the global electricity era. This is why boiler-managed structures play a main function within the power era area on the way to maximize the performance at the same time as saving the price of electricity.
Boiler Control Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Increasing demand for boiler managers in the power era quarter due to the extended strength of technology capacities, is a chief aspect expected to pressure increase of the worldwide boiler control market over the forecast length. In addition, the growing choice of boiler manager due to its efficiency and reduced production charges, is some other component expected to gasoline increase of the market inside the forecast years. Moreover, increasing adoption of industrial IoT for actual-time selection-making is an issue expected to create a productive opportunity for increase of the global boiler manipulate market over the forecast duration. However, excessive upgrading value of ageing power plant life and shortage of standardization of protocols are a few of the factors which can also impede call for boiler manipulate and restrain increase of the worldwide boiler manipulate marketplace over the forecast duration. There has been a rise within the demand for automation to optimize the performance of boilers accompanied by means of the improved demand for boiler control within the electricity generation area will pressure the marketplace closer to growth in the forecast duration. Boiler controls have an essential position to play in stopping any accidental damage to the device used. The growing funding within the network of factors (IoT) and actual-time records will help the marketplace enlarge at an exquisite fee within the forecast length.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.11 billion |
| Market size value in 2031 | USD 3.59 billion |
| Growth Rate | 6.09% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Boiler Control Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Boiler Control Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Boiler Control Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Boiler Control Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Boiler Control Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Boiler Control Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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