Boiler Control Market Size, Share, Trends, Growth 2032

Boiler Control Industry Prospective:

The global boiler control market size was worth around USD 2.72 Billion in 2023 and is predicted to grow to around USD 4.68 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.2% between 2024 and 2032.

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In order to offer the users of this report, a comprehensive read of the boiler control market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the boiler control market has additionally been enclosed. The study also includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

Boiler Control Market: Growth Factors

Boiler control is a system that facilitates a boiler to fire and offers a set point to monitor operations, blending valves, pumps, and alarms. A boiler control is designed to work safely and efficiently by offering superior flexibility in plant management and control along with minimizing operating costs. These boiler control systems are utilized to maintain operational situations in industrial and commercial end-user industries.

The global boiler control market is likely to experience significant growth in the future, owing to the increased power generation capacities of the power generation industry. The rising inclination toward boiler control due to its efficiency and declining production costs are expected to fuel the global boiler control market over the forecast time period. Rising R&D investments of innovative products with changing consumer demands are also expected to propel the global boiler control market in the years to come.

However, the lack of standardization of protocols and huge costs of upgradation of aging power plants may hamper the global boiler control market development. Alternatively, the escalating demand for IoT and Industry 4.0 architecture by industries in emerging countries is likely to offer new market opportunities.

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The study also includes the market share of the key participant’s operating in the boiler control market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a regional basis.

Boiler Control Market: Segmentation

The study provides a crucial view of the boiler control market by segmenting it based on boiler type, control type, component, end-use industry, and region.

On the basis of boiler type, the global boiler control market includes fire tube boiler and water tube boiler. In 2018, the water tube boiler segment dominated the market and held a major share of the boiler control marker globally.

By component, the global boiler control market includes hardware and software.

The control type segment includes modulating and on/off. Based on end-use industry, the global boiler control market is fragmented into industrial, commercial, and others.

The industrial segment is anticipated to hold the largest share of the boiler control market over the forecast time period.

Boiler Control Market: Report Scope

Boiler Control Market: Regional Analysis

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

In 2018, Asia Pacific was the largest boiler control market globally. This growth can be mainly attributed to the rising urbanization and proliferation of electrification across the region. Moreover, the Asia Pacific region is anticipated to be the fastest growing market for boiler control over the next few years, owing to the increasing demand for boiler control especially from industrial and commercial end-use industries.

Boiler Control Market: Competitive Analysis

Some major players of the boiler control market are

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

This report segments the global boiler control market into:

Global Boiler Control Market: Boiler Type Analysis

• Water Tube Boiler
• Fire Tube Boiler

Global Boiler Control Market: Component Analysis

• Hardware
• Software

Global Boiler Control Market: Control Type Analysis

• Modulating
• On/Off

Global Boiler Control Market: End-Use Industry Analysis

• Industrial
• Commercial
• Others

Global Boiler Control Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa