Boiler Control Market Outlook
According to the report by Expert Market Research (EMR), the global boiler control market share, is projected to grow at a CAGR of 6.10% between 2023 and 2028. Aided by the rising demand for the energy-efficient control system and the enhanced protection capacity of the boiler control system, the market is expected to grow significantly by 2028.
Boiler control systems are an integral part of boiler systems used to maintain optimal performance and efficiency. They monitor and regulate various parameters such as temperature, pressure, and water level to ensure the boiler’s safe and efficient operation. Boiler control systems find applications in diverse industries including power generation, oil & gas, and food & beverage, due to their ability to optimise process performance and reduce energy consumption.
One of the key factors driving the global boiler control market growth is the rising demand for energy-efficient control systems. In light of the increasing energy prices and growing concerns over environmental sustainability, industries are striving for energy-efficient solutions. Boiler control systems, with their capability to enhance efficiency and reduce energy wastage, meet this demand, leading to a surge in their adoption.
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Furthermore, the growing trend of automation and digitalisation in industrial operations has contributed significantly to the boiler control market expansion. The integration of advanced technologies like IoT and AI in boiler control systems has enhanced their functionalities, providing real-time monitoring, predictive maintenance, and remote control. This digital transformation not only boosts operational efficiency but also helps in achieving significant cost savings, thereby propelling the boiler control market growth.
The expanding applications of boiler control systems across various sectors also play a substantial role in increasing the boiler control market demand. In the power generation sector, these control systems are essential for maintaining optimal operating conditions, ensuring energy efficiency, and reducing harmful emissions. Similarly, in the food and beverage industry, boiler control systems are crucial for processes requiring steam, such as cooking, cleaning, and sanitation, offering precise temperature and pressure control.
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Additionally, the rising regulations and standards set by governments worldwide for energy efficiency and emissions have stimulated the adoption of boiler control systems, aiding the boiler control market growth. Companies are mandated to adhere to these regulations to minimise their environmental footprint, leading to an increased uptake of boiler control systems that can help achieve compliance.
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Boiler Control Market Segmentation
The market can be divided based on boiler type, control type, component, end use, and region.
Market Breakup by Boiler Type
- Water Tube Boiler
- Fire Tube Boiler
- Others
Market Breakup by Control Type
- Modulating Control
- On/Off Control
Market Breakup by Component
- Hardware
- Software
Market Breakup by End Use
- Commercial
- Industrial
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global boiler control companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Siemens Aktiengesellschaft
- Emerson Electric Co.
- Bosch Thermotechnology Ltd.
- Cleaver-Brooks Company, Inc.
- Spirax Sarco Limited
- Others
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