The Global Boiler Control Market is valued at approximately USD 2.15 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.10% over the forecast period 2024-2032. Boilers are closed vessels used to convert fluids, mainly water, into steam, playing a crucial role in industrial applications where significant energy is utilized. Integrated boiler control systems optimize the efficiency of the overall process, offering advantages such as cost elimination for the process cycle, improved turn-down ratios, and efficient energy management. These systems enhance boiler safety aspects including steam temperature regulation, pressure control, and humidity control, comprising hardware and software components like actuators, controllers, sensors, valves, pumps, and software-controlled systems.
One of the major factors driving the growth of the boiler control market is its substantial adoption in the power generation sector. With rapid globalization and industrial development, the demand for boiler control systems has surged as power generation plants strive to operate at maximum potential to meet global electricity demands. Industrial boilers, fundamental components of power generation plants, necessitate efficient boiler control systems to enhance boiler efficiency and meet the increasing power generation demands. Also, growing environmental concerns about emissions from power plants have further driven the popularity of boiler control systems. Governments worldwide are making significant investments in power generation projects, such as the Indian government's National Electric Plan in 2017. These developments are expected to boost market growth. However, the high cost of installation is projected to challenge market growth.
The Asia Pacific region holds a significant share of the global boiler control market, driven by rapid industrial development and increasing numbers of power plants in emerging economies like China and India. Europe and North America are also expected to witness lucrative growth due to the growing power requirements and demand for efficient boiler control solutions in developed nations such as the U.S., Switzerland, and Australia, creating lucrative opportunities for the global boiler control market during the forecast period.
Major market players included in this report are:
- Yokogawa
- Spirax Sarco
- ABB
- Siemens
- Honeywell
- Emerson
- Burnham Commercial
- HBX Control Systems
- Cleaver-Brooks
- Schneider
The detailed segments and sub-segment of the market are explained below:
By Type:
- Water Tube Boiler
- Fire Tube Boiler
By Control:
By Component:
By End User:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Boiler Control Market Executive Summary
- 1.1. Global Boiler Control Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Control
- 1.3.3. By Component
- 1.3.4. By End User
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Boiler Control Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Boiler Control Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Adoption in Power Generation Sector
- 3.1.2. Growing Environmental Concerns
- 3.2. Market Challenges
- 3.2.1. High Cost of Installation
- 3.3. Market Opportunities
- 3.3.1. Technological Advancements in Extraction and Formulation
- 3.3.2. Rising Obesity Rates and Demand for Weight Loss Supplements
Chapter 4. Global Boiler Control Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Boiler Control Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Boiler Control Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Water Tube Boiler
- 5.2.2. Fire Tube Boiler
Chapter 6. Global Boiler Control Market Size & Forecasts by Control 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Boiler Control Market: Control Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Modulating
- 6.2.2. On/Off
Chapter 7. Global Boiler Control Market Size & Forecasts by Component 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Boiler Control Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Hardware
- 7.2.2. Software
Chapter 8. Global Boiler Control Market Size & Forecasts by End User 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Boiler Control Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Industrial
- 8.2.2. Commercial
Chapter 9. Global Boiler Control Market Size & Forecasts by Region 2022-2032
- 9.1. North America Boiler Control Market
- 9.1.1. U.S. Boiler Control Market
- 9.1.1.1. Type breakdown size & forecasts, 2022-2032
- 9.1.1.2. Control breakdown size & forecasts, 2022-2032
- 9.1.1.3. Component breakdown size & forecasts, 2022-2032
- 9.1.1.4. End User breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Boiler Control Market
- 9.2. Europe Boiler Control Market
- 9.2.1. U.K. Boiler Control Market
- 9.2.2. Germany Boiler Control Market
- 9.2.3. France Boiler Control Market
- 9.2.4. Spain Boiler Control Market
- 9.2.5. Italy Boiler Control Market
- 9.2.6. Rest of Europe Boiler Control Market
- 9.3. Asia-Pacific Boiler Control Market
- 9.3.1. China Boiler Control Market
- 9.3.2. India Boiler Control Market
- 9.3.3. Japan Boiler Control Market
- 9.3.4. Australia Boiler Control Market
- 9.3.5. South Korea Boiler Control Market
- 9.3.6. Rest of Asia Pacific Boiler Control Market
- 9.4. Latin America Boiler Control Market
- 9.4.1. Brazil Boiler Control Market
- 9.4.2. Mexico Boiler Control Market
- 9.4.3. Rest of Latin America Boiler Control Market
- 9.5. Middle East & Africa Boiler Control Market
- 9.5.1. Saudi Arabia Boiler Control Market
- 9.5.2. South Africa Boiler Control Market
- 9.5.3. Rest of Middle East & Africa Boiler Control Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Yokogawa
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Spirax Sarco
- 10.3.3. ABB
- 10.3.4. Siemens
- 10.3.5. Honeywell
- 10.3.6. Emerson
- 10.3.7. Burnham Commercial
- 10.3.8. HBX Control Systems
- 10.3.9. Cleaver-Brooks
- 10.3.10. Schneider
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes