A recent report published by Infinium Global Research on the boiler control market provides an in-depth analysis of segments and sub-segments in the global as well as regional boiler control market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional boiler control market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global boiler control market. According to the report, the global boiler control market is projected to grow at a CAGR of 5.8% over the forecast period of 2019-2025.
Control techniques are capable of reducing operating costs while providing greater flexibility in plant management and control. The boiler control system facilitates a boiler to fire and offers a set point to monitor operations, blending valves, pumps, and alarms. It is designed to work safely and efficiently by offering superior flexibility in plant management and control along with reducing operating costs. It is used to maintain operational situations in industrial and commercial end-user industries. Boiler Control demand is increasing due to the rising demand for energy efficient control systems subject to the ongoing development of manufacturing facilities.
Increased power generation capacities are the major driving factor of the boiler control market. Boiler controls are highly efficient and reduce production costs due to which the demand for boiler control is increasing. Furthermore, factors such as increasing research and development of new innovative products with changing demands and the need for energy saving control systems are fueling the market growth. Growing demand for boiler process optimization with reference to decreasing fuel reserves will augment the technological adoption. Rapidly expanding power generation capacities in association with the rising need for effective control technologies will complement the boiler control market. However, shifting the focus of industries toward renewable power generation systems hampers the growth of the market. Moreover, the rising demand for IoT and Industry 4.0 architecture by industries in developing countries is expected to provide new market opportunities.
Geographically, Asia Pacific dominates the global boiler control market due to growing urbanization and propagation of electrification, increasing investments in power generation, and rising focus on optimizing energy usage. The Asia-Pacific region would be the fastest growing market during the future owing to the rising investment power generation and increased adoption of the industrial internet of things. North America boiler control market is growing due to the use of boiler controls in advanced safety systems in various end-user industries.
The report on the global boiler control market covers segments such as boiler type, control type, component, and end user. On the basis of boiler type, the sub-markets include water tube, and fire tube. On the basis of control type, the sub-markets include modulating control, and on/off control. On the basis of component, the sub-markets include hardware, and software. On the basis of end user, the sub-markets include industrial, and commercial.
The report provides profiles of the companies in the market such as ABB, Siemens AG, Yokogawa Electric Corporation, HBX Control Systems Inc., Honeywell International, Schneider Electric SE, Spirax-Sarco Engineering plc, Cleaver-Brooks, Inc., Burnham Commercial, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the boiler control market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.