Global Boiler Control Market is valued approximately at USD 1.8 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2019-2026. The advent of digital technologies in power plants and adoption of industrial IOT are considered as a major growth trends for the global Boiler Control market. Increasing power generation capability, investment in renewable power generation plants, growing investment in digital technologies in power plants, would like for replacement aging power plants and increasing focus towards energy system so as to scale back carbon emission. Boiler management systems assist in controlling and observance of the plant from a distant location and conjointly to regulate burner hearth rate so as to take care of a group pressure within the distribution system. Growing investment in digital technologies in powerhouse is considerably driving the market such as the increasing need for electricity and renewable energy, digital technology implementation enhances the plant operation by giving higher insight, prediction and diagnosing of plus failures. Further, digitization in power plants facilitates in continuous observance as well as shriveled unplanned time period. Thus, to boost the potency of power plants investment in digitization is increasing thereby supplementing the market growth. As per the International Energy Agency, global investment in digital electricity infrastructure and software represent about 20% annual growth from 2014 and reached about $47 billion in 2016. Further, as per the source, the overall savings from the digital enable measures could be 5% of the total annual power generation costs or $80 billion per year over 2016-40. Thus, investment in digital technologies in power generation is supplementing the adoption & growth of Boiler Control. Furthermore, implementation of AI for improving efficiency of boiler is expected to create lucrative growth prospects of the Boiler Control market across the globe. However, high cost associated upgrading aging power plants acts as a key restraint for the market during the forecast period.

The regional analysis of Boiler Control Market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. Asia-Pacific holds the leading position in Boiler Control market due to rising investment in power generation, focus towards optimizing energy use coupled with rising urbanization. Further, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share owing to the untapped opportunities in countries such as India, China, Australia and Japan.

The major market players mainly include-

  • ABB
  • Siemens
  • Emerson
  • Yokogawa
  • Schneider
  • Honeywell International
  • Cleaver-Brooks
  • Spirax Sarco
  • HBX Control Systems
  • Burnham Commercial
  • Micromod Automation
  • Weil-Mclain

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Boiler Type

  • Water Tube Boiler
  • Fire Tube Boiler

By Control Type

  • On/Off Control
  • Modulating Control

By Component

  • Hardware
  • Software

By End-User

  • Industrial
  • Commercial

By Regions:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Brazil
  • Mexico
  • ROW
  • Middle East & Africa

Furthermore, years considered for the study are as follows:

  • Historical year – 2016, 2017
  • Base year – 2018
  • Forecast period – 2019 to 2026

Target Audience of the Global Boiler Control Market in Market Study:

  • Key Consulting Companies & Advisors
  • Large, medium-sized, and small enterprises
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Third-party knowledge providers
  • Investment bankers
  • Investors