Boiler Control Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 6.52 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Boiler Control Market Analysis
The boiler control market is expected to grow at a CAGR of more than 6.52% over the period of 2020-2025. Factors such as rising demand for automation to optimize the performance of the boiler and increasing demand for boiler control in the power generation sector owing to the increased power generation capacities are some of the major drivers for the market. However, the high upgrading cost of aging power plants and lack of standardization of protocols and the negative impact of the COVID-19 outbreak are some of the factors which are expected to restrain the growth of the boiler control market over the forecast period.
- The industrial segment is expected to be the fastest-growing segment for the boiler control market, during the forecast period.
- The boiler control is essential in optimizing the performance of the power plant and in preventing any accidental damage to equipment. Furthermore, the investment in the internet of things (IoT) and real-time information may offer lucrative market opportunities for the growth of the boiler control market in the near future.
- Asia-Pacific is expected to witness significant demand over the forecast period due to its rapid developments in the boiler control market in the past few years.
Boiler Control Market Trends
This section covers the major market trends shaping the Boiler Control Market according to our research experts:
Industrial segment to Dominate the Market
- The industrial segment of the global boiler control market is expected to grow at a fast pace, during the forecast period. This can be attributed to the rapid growth in the population of developing economies such as the Middle-East and the Asia Pacific regions.
- An increasing focus on the replacement of aging power plants with new high efficient control systems along with implementing artificial intelligence in boiler control systems in the power sector to track parameters such as temperature, flame shape, and reduction of carbon footprint are the major drivers of the industrial segment.
- Further, companies such as Siemens, Emerson, and ABB have implemented artificial intelligence (AI) in their software packages that help to reduce energy costs in the power plants, provides improved heat rate, increased annual megawatt output, reduced greenhouse gases, lower generation costs, and greater availability and these factors are likely to further drive the boiler control market.
- The water-tube boilers have higher efficiency compared to fire tube boilers along with higher operating pressure for steam generation are the key drivers for the growth of the water tube boilers in the industrial sector.
- Therefore, based on the above-mentioned factors, industrial sector is expected to witness significant growth for boiler control market in global market over the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific is expected to be the largest boiler control market, by region, during the forecast period. Rising urbanization and proliferation of electrification, rising investments in power generation, and growing focus on optimizing energy usage are expected to drive the boiler control market in this region.
- The region consists of many developing countries that are witnessing high growth in their industrial sectors. The region has become a global manufacturing hub with the presence of diverse manufacturing and processing industries.
- Moreover, China, India, and Australia are the leading countries in the region, which are likely to contribute to the growth of the boiler control market in the Asia-Pacific region because of significant investments being made in power generation and process industries.
- Increasing investments in aging power plants and growing focus on energy efficiency equipment in the industrial sector are further likely to boost the demand for boiler control systems.
- Therefore, based on the above-mentioned factors, Asia-Pacific is expected to witness significant demand for boiler control market over the forecast period.
Boiler Control Industry Overview
The boiler control market is moderately fragmented. Some of the key players in this market include Cleaver-Brooks Inc, Emerson Electric Co, Bosch Ltd, Yokogawa Electric Corporation, and Weil-McLain (Shandong) Cast-Iron-Boiler Co., Ltd.
Boiler Control Market Leaders
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Cleaver-Brooks Inc
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Emerson Electric Co
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Bosch Ltd
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Yokogawa Electric Corporation
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Weil-McLain (Shandong) Cast-Iron-Boiler Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
Boiler Control Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Market Size and Demand Forecast in USD billion, till 2025
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4.3 Recent Trends and Developments
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4.4 Government Policies and Regulations
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4.5 Market Dynamics
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4.5.1 Drivers
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4.5.2 Restraints
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4.6 Supply Chain Analysis
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4.7 Porter's Five Forces Analysis
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4.7.1 Bargaining Power of Suppliers
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4.7.2 Bargaining Power of Consumers
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4.7.3 Threat of New Entrants
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4.7.4 Threat of Substitutes Products and Services
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4.7.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Boiler Type
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5.1.1 Water Tube Boiler
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5.1.2 Fire Tube Boiler
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5.1.3 Others
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5.2 Component
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5.2.1 Hardware
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5.2.2 Software
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5.3 End-Users
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5.3.1 Industrial
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5.3.2 Commercial
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5.4 Geography
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5.4.1 North America
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5.4.2 Asia-Pacific
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5.4.3 Europe
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5.4.4 Middle East and Africa
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5.4.5 South America
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
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6.3.1 Cleaver-Brooks.Inc
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6.3.2 Emerson Electric Co
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6.3.3 Bosch Ltd
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6.3.4 Yokogawa Electric Corporation
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6.3.5 Weil-McLain (Shandong) Cast-Iron-Boiler Co., Ltd
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6.3.6 Siemens AG
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6.3.7 HBX Control Systems Inc
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6.3.8 ABB Ltd
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6.3.9 Schneider Electric SE
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6.3.10 Spirax-Sarco Engineering plc
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6.3.11 Honeywell International Inc
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Boiler Control Industry Segmentation
The boiler control market report includes:
| Boiler Type | |
| Water Tube Boiler | |
| Fire Tube Boiler | |
| Others |
| Component | |
| Hardware | |
| Software |
| End-Users | |
| Industrial | |
| Commercial |
| Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| Middle East and Africa | |
| South America |
Boiler Control Market Research FAQs
What is the current Boiler Control Market size?
The Boiler Control Market is projected to register a CAGR of greater than 6.52% during the forecast period (2024-2029)
Who are the key players in Boiler Control Market?
Cleaver-Brooks Inc, Emerson Electric Co, Bosch Ltd, Yokogawa Electric Corporation and Weil-McLain (Shandong) Cast-Iron-Boiler Co., Ltd. are the major companies operating in the Boiler Control Market.
Which is the fastest growing region in Boiler Control Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Boiler Control Market?
In 2024, the North America accounts for the largest market share in Boiler Control Market.
What years does this Boiler Control Market cover?
The report covers the Boiler Control Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Boiler Control Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Boiler Control Industry Report
Statistics for the 2024 Boiler Control market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Boiler Control analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
