Global Boiler Control Market

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 News

  • 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.
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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 competitive environment of the 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 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, presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority. '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'

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 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.

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 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.

During the forecast period, the Asia Pacific is expected to dominate the 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.

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Global Boiler Control Market

Report ID: SQMIG15A2415

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