Global Boiler Control Market Report and Forecast 2024-2032

Global Boiler Control Market Outlook

The global boiler control market is expected to grow at a CAGR of about 6.10% in the forecast period of 2024-2032, owing to the rising demand for energy-efficient control systems.

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Asia Pacific to be a Significant Regional Market for Boiler Control

During the forecast period, the Asia Pacific region is expected to dominate the global boiler control market owing to the growing population, leading to increased demand for power generation, especially in countries such as India, China, Australia, and Japan. The rising share of renewable energy sources in Southeast Asian countries is also driving the market growth. Attributed to the rapid industrial development and an increasing number of power plants, the demand for boiler control has surged among the emerging economies in Asia Pacific. The region has become a global manufacturing hub with 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. Increasing investments in ageing power plants and a growing focus on energy efficiency equipment in the industrial sector are further likely to augment the demand for boiler control systems.

The market in North America is also expected to witness lucrative growth due to the growing power requirement and the increasing demand for efficient boiler control solutions in the developed nations such as the United States, Switzerland, and Australia, among others. The region has a high number of industries and is significantly expanding power generation through renewables, propelling the demand for boiler control solutions in North America.

Industrial Segment to Dominate the Global Boiler Control Market

During the forecast period, the industrial segment of the global boiler control market is expected to grow at a fast pace owing to the rapid growth in the population of developing economies such as the Middle East and the Asia Pacific regions. An increasing focus on replacing ageing power plants with new, highly efficient control systems and 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. 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, provide improved heat rate, increase annual megawatt output, reduce greenhouse gases, and lowers generation costs, which are likely to drive the boiler control market further.

Market Segmentations

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A boiler control system is a system that governs, directs, and regulates a boiler. It allows for more control over where heat is dispersed. It aids the boiler in evenly distributing heat throughout the structure. The control of a boiler can range from a single heating controller utilising a thermostat to massive industrial control systems used to operate processes or large machinery.

Based on boiler type, the market is divided into:

• Water Tube Boiler
• Fire Tube Boiler
• Others

On the basis of control type, the market includes:

• Modulating Control
• On/Off Control

The various components in the market are:

• Hardware
• Software

The end-uses of the market are:

• Commercial
• Industrial

The regional markets for boiler control can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

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Rising Demand for Energy-Efficient Control Systems Propelling the Market Growth

The rising demand for the energy-efficient control system and the enhanced protection capacity of the boiler control system are anticipated to propel the growth of the global boiler control market. A growing need for minimising the carbon footprint and the need to improve the efficiency of the boiler is also driving the growth of the global market. The rapid expansion of the power plants, along with the rising concern towards safety, is further triggering the market growth. Boiler control help to increase efficiency, saves operational cost and improves the boiler's life. Increasing demand for boiler control in the power generation sector because of the increased power generation capacities is a major factor expected to drive the growth of the global boiler control market over the forecast period. In addition, the increasing adoption of industrial IoT for real-time decision-making is expected to create a productive opportunity for the growth of the global boiler control market over the forecast period.

Key Players in the Global Market for Boiler Control

The report gives a detailed analysis of the following key players in the global boiler control market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Siemens Aktiengesellschaft
• Emerson Electric Co.
• Bosch Thermotechnology Ltd.
• Cleaver-Brooks Company, Inc.
• Spirax Sarco Limited
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report