Boiler Control Market by Boiler Type (Water tube boiler and Fire tube boiler), Control Type (Modulating control and On/Off control), Component (Hardware and Software), End-User (Industrial and Commercial), and Region - Global Forecast to 2023
[122 Pages Report] The global boiler control market was valued at USD 1.71 billion in 2017; it is projected to reach USD 2.42 billion by 2023, at a CAGR of 6.09%, during the forecast period. Increasing need for minimizing carbon footprint and improving boiler efficiency through the implementation of artificial intelligence, increasing investments in renewable power generation plants, integration of burner management system for optimization of the boiler process, and need for replacing aging power plants in the developing regions of Asia Pacific and the Middle East & Africa are the driving factors of the boilers control market.
This report segments the market on the basis of boiler type, control type, component, end-user, and region.
The years considered for the study are as follows:
- Base Year: 2017
- Estimated Year: 2018
- Projected Year: 2023
- Forecast Period: 2018 2023
The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
- To define, describe, and forecast the boiler control market on the basis of boiler type, control type, component, end-user, and region
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future projections, and the contribution of each segment to the market
- To track and analyze competitive developments such as contracts & agreements, new product launches, expansions & investments, mergers & acquisitions, and partnerships & collaborations in the market
- To profile key players and comprehensively analyze their market ranking and core competencies
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the market. Primary sources are mainly industry experts from the core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industrys value chain. The points given below explain the research methodology.
- Study of the annual revenues and market developments of the major players that manufacture boiler control systems
- Assessment of future trends and growth of end-users
- Assessment of the market with respect to the technology used for different applications
- Study of contracts & developments related to the market by key players across different regions
- Finalization of the overall market size by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying boiler control systems across the globe
After arriving at the overall boiler control market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study, based on the company type, designation, and region
To know about the assumptions considered for the study, download the pdf brochure
Some of the leading global manufacturers of boiler control market are Siemens (Germany), ABB (Switzerland), Cleaver-Brooks (US), Emerson (US), and Yokogawa (Japan).
Target Audience:
The reports target audience includes:
- Boiler control manufacturing companies
- Boiler component manufacturers and suppliers
- Consulting companies in power sector
- Government and research organizations
- Electric utilities
- State- or government-owned corporations
The
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Scope of the Report:
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- Water tube
- Fire tube
- Modulating
- On/Off
- Hardware
- Software
- Industrial
- Commercial
- Asia Pacific
- Europe
- North America
- Middle East
- Africa
- South America
By Boiler Type
By Control Type
By Component
By End-User
By Region
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of region-/country-specific analysis
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
The boiler control market is estimated to reach a market size of USD 1.80 billion in 2018 and is projected to reach USD 2.42 billion, at a CAGR of 6.09%, from 2018 to 2023. Growing demand for energy-efficient control systems in power plants accompanied by the increasing share of renewable energy sources in power generation, mainly in Asia Pacific and European region, are the key factors driving the boiler control, during the forecast period.
The report segments the boiler control, by component type, into hardware and software. The hardware component was the fastest growing in the market in 2017. The hardware component of the market is mainly driven by the increasing number of automation projects in large power plants and high demand from process industries such as food & beverage, sugar, and paper & pulp.
The global boiler control market, by control type, has been segmented into modulating control and on/off control. The modulating control segment is expected to grow at the fastest rate, during the forecast period because of improved boiler operation, optimized fuel consumption, and higher efficiency with improved safety conditions. The modulating type of boiler control system is expected to increase during the forecast period because of high demand for energy saving control systems and reduction of risks in boiler explosion.
The report further segments the boiler control, by end-user, into industrial and commercial. The industrial segment is expected to grow at the highest CAGR, during the forecast period. Need for machine learning to control the temperature of the heating system, rising rate of urbanization in emerging economies such as India, Malaysia, and Thailand, along with increased investments in the food & beverage, pharmaceutical, and other process industries are the major factors driving the industrial segment of the boiler control.
In this report, the boiler control market has been analyzed with respect to 6 regions, namely, Asia Pacific, Europe, North America, South America, the Middle East, and Africa. Asia Pacific is expected to dominate the market, during the forecast period because of the growing population, leading to increased demand for power generation, especially in countries such as India, China, Australia, and Japan, coupled with the rising share of renewable energy sources in South East Asian countries. The figure given below shows the projected market sizes of various regions with respective CAGRs for 2023.
The major factor restraining the growth of the market is high upgrading cost of aging power plants. This cost is associated with new automated solutions such as SCADA, DCS, and PLC, which require huge capital investments. The automation software systems used in power plants required maintenance and upgrades occasionally. It is not feasible for small power plants and captive power plants to bear such expenses.
Some of the leading players in the boiler control market are Siemens (Germany), ABB (Switzerland), Cleaver-Brooks (US), Schneider (France), Yokogawa (Japan), and Emerson (US). These players have adopted growth strategies such as contracts & agreements, new product launches, partnerships, and expansions to capture a larger share of the market.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumption
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 29)
4.1 Boiler Control Market, By Country
4.2 Boiler Control, By Boiler Type
4.3 Boiler Control, By Component
4.4 Boiler Control, By End-User
4.5 Asia Pacific Boiler Control Industry
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Augmented Power Generation Capacities
5.2.1.2 Emphasis on Efficiency and Cost of Production
5.2.2 Restraints
5.2.2.1 High Upgrading Cost of Aging Power Plants
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of Industrial Internet of Things(IIoT) for Real-Time Decision-Making
5.2.4 Challenges
5.2.4.1 Lack of Standardization of Protocols
6 Boiler Control, By Boiler Type (Page No. - 36)
6.1 Introduction
6.2 Water Tube Boiler
6.3 Fire Tube Boiler
7 Boiler Control, By Control Type (Page No. - 40)
7.1 Introduction
7.2 On/Off Control
7.3 Modulating Control
8 Boiler Control, By Component (Page No. - 43)
8.1 Introduction
8.2 Hardware
8.3 Software
9 Boiler Control, By End-User (Page No. - 47)
9.1 Introduction
9.2 Industrial
9.3 Commercial
10 Boiler Control Market, By Region (Page No. - 50)
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Boiler Type
10.2.2 By Control Type
10.2.3 By Component
10.2.4 By End-User
10.2.5 By Country
10.2.5.1 China
10.2.5.2 Japan
10.2.5.3 India
10.2.5.4 South Korea
10.2.5.5 Australia
10.2.5.6 Rest of Asia Pacific
10.3 North America
10.3.1 By Boiler Type
10.3.2 By Control Type
10.3.3 By Component
10.3.4 By End-User
10.3.5 By Country
10.3.5.1 US
10.3.5.2 Canada
10.3.5.3 Mexico
10.4 Europe
10.4.1 By Boiler Type
10.4.2 By Control Type
10.4.3 By Component
10.4.4 By End-User
10.4.5 By Country
10.4.5.1 Germany
10.4.5.2 France
10.4.5.3 UK
10.4.5.4 Spain
10.4.5.5 Russia
10.4.5.6 Rest of Europe
10.5 Middle East
10.5.1 By Boiler Type
10.5.2 By Control Type
10.5.3 By Component
10.5.4 By End-User
10.5.5 By Country
10.5.5.1 Saudi Arabia
10.5.5.2 UAE
10.5.5.3 Qatar
10.5.5.4 Rest of the Middle East
10.6 Africa
10.6.1 By Boiler Type
10.6.2 By Control Type
10.6.3 By Component
10.6.4 By End-User
10.6.5 By Country
10.6.5.1 Egypt
10.6.5.2 South Africa
10.6.5.3 Rest of Africa
10.7 South America
10.7.1 By Boiler Type
10.7.2 By Control Type
10.7.3 By Component
10.7.4 By End-User
10.7.5 By Country
10.7.5.1 Brazil
10.7.5.2 Argentina
10.7.5.3 Chile
10.7.5.4 Rest of South America
11 Competitive Landscape (Page No. - 85)
11.1 Introduction
11.2 Ranking of Key Players and Industry Concentration
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 Expansions & Investments
11.3.3 New Product Launches
11.3.4 Mergers & Acquisitions
11.3.5 Partnerships
12 Company Profiles (Page No. - 89)
12.1 Benchmarking
(Business overview, Products offered, Recent Developments, MNM view)*
12.2 ABB
12.3 Siemens
12.4 Emerson
12.5 Yokogawa
12.6 Schneider
12.7 Honeywell International
12.8 Cleaver-Brooks
12.9 Spirax Sarco
12.10 HBX Control Systems
12.11 Burnham Commercial
12.12 Micromod Automation
12.13 Weil-Mclain
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 Appendix (Page No. - 113)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Tables (71 Tables)
Table 1 Global Boiler Control Market Snapshot
Table 2 Market Size, By Boiler Type, 20162023 (USD Million)
Table 3 Water Tube Boiler: Market Size, By Region, 20162023 (USD Million)
Table 4 Fire Tube Boiler: Market Size, By Region, 20162023 (USD Million)
Table 5 Boiler Control Market Size, By Control Type, 20162023 (USD Million)
Table 6 On/Off Type: Market Size, By Region, 20162023 (USD Million)
Table 7 Modulating Type: Market Size, By Region, 20162023 (USD Million)
Table 8 Market Size, By Component, 20162023 (USD Million)
Table 9 Hardware: Market Size, By Region, 20162023 (USD Million)
Table 10 Software: Market Size, By Region, 20162023 (USD Million)
Table 11 Market Size, By End-User, 20162023 (USD Million)
Table 12 Industrial: Market Size, By End-User, 20162023 (USD Million)
Table 13 Commercial: Market Size, By End-User, 20162023 (USD Million)
Table 14 Boiler Control Market Size, By Region, 20162023 (USD Million)
Table 15 Asia Pacific: Market Size, By Boiler Type, 20162023 (USD Million)
Table 16 Asia Pacific: Market Size, By Control Type, 20162023 (USD Million)
Table 17 Asia Pacific: Market Size, By Component, 20162023 (USD Million)
Table 18 Asia Pacific: Market Size, By End-User, 20162023 (USD Million)
Table 19 Asia Pacific: Market Size, By Country, 20162023 (USD Million)
Table 20 China: Market Size, By End-User, 20162023 (USD Million)
Table 21 Japan: Market Size, By End-User, 20162023 (USD Million)
Table 22 India: Market Size, By End-User, 20162023 (USD Million)
Table 23 South Korea: Market Size, By End-User, 20162023 (USD Million)
Table 24 Australia: Market Size, By End-User, 20162023 (USD Million)
Table 25 Rest of Asia Pacific: Market Size, By End-User, 20162023 (USD Million)
Table 26 North America: Boiler Control Market Size, By Boiler Type, 20162023 (USD Million)
Table 27 North America: Market Size, By Control Type, 20162023 (USD Million)
Table 28 North America: Market Size, By Component, 20162023 (USD Million)
Table 29 North America: Market Size, By End-User, 20162023 (USD Million)
Table 30 North America: Market Size, By Country, 20162023 (USD Million)
Table 31 US: Market Size, By End-User, 20162023 (USD Million)
Table 32 Canada: Market Size, By End-User, 20162023 (USD Million)
Table 33 Mexico: Boiler Control Market Size, By End-User, 20162023 (USD Million)
Table 34 Europe: Market Size, By Boiler Type, 20162023 (USD Million)
Table 35 Europe: Market Size, By Control Type, 20162023 (USD Million)
Table 36 Europe: Market Size, By Component, 20162023 (USD Million)
Table 37 Europe: Market Size, By End-User, 20162023 (USD Million)
Table 38 Europe: Market Size, By Country, 20162023 (USD Million)
Table 39 Germany: Boiler Control Market Size, By End-User, 20162023 (USD Million)
Table 40 France: Market Size, By End-User, 20162023 (USD Million)
Table 41 UK: Market Size, By End-User, 20162023 (USD Million)
Table 42 Spain: Market Size, By End-User, 20162023 (USD Million)
Table 43 Russia: Market Size, By End-User, 20162023 (USD Million)
Table 44 Rest of Europe: Market Size, By End-User, 20162023 (USD Million)
Table 45 Middle East: Boiler Control Market Size, By Boiler Type, 20162023 (USD Million)
Table 46 Middle East: Market Size, By Control Type, 20162023 (USD Million)
Table 47 Middle East: Market Size, By Component, 20162023 (USD Million)
Table 48 Middle East: Market Size, By End-User, 20162023 (USD Million)
Table 49 Middle East: Market Size, By Country, 20162023 (USD Billion)
Table 50 Saudi Arabia: Boiler Control Market Size, By Boiler Type, 20162023 (USD Million)
Table 51 UAE: Market Size, By End-User, 20162023 (USD Million)
Table 52 Qatar: Market Size, By Application, 20162023 (USD Million)
Table 53 Rest of the Middle East: Market Size, By End-User, 20162023 (USD Million)
Table 54 Africa: Boiler Control Market Size, By Boiler Type, 20162023 (USD Million)
Table 55 Africa: Market Size, By Control Type, 20162023 (USD Million)
Table 56 Africa: Market Size, By Component, 20162023 (USD Million)
Table 57 Africa: Market Size, By End-User, 20162023 (USD Million)
Table 58 Africa: Market Size, By Country, 20162023 (USD Billion)
Table 59 Egypt: Market Size, By End-User, 20162023 (USD Million)
Table 60 South Africa: Boiler Control Market Size, By End-User, 20162023 (USD Million)
Table 61 Rest of Africa: Market Size, By End-User, 20162023 (USD Million)
Table 62 South America: Market Size, By Boiler Type, 20162023 (USD Million)
Table 63 South America: Market Size, By Control Type, 20162023 (USD Million)
Table 64 South America: Market Size, By Component, 20162023 (USD Million)
Table 65 South America: Boiler Control Market Size, By End-User, 20162023 (USD Million)
Table 66 South America: Market Size, By Country, 20162023 (USD Million)
Table 67 Brazil: Market Size, By End-User, 20162023 (USD Million)
Table 68 Argentina: Market Size, By End-User, 20162023 (USD Million)
Table 69 Chile: Market Size, By End-User, 20162023 (USD Million)
Table 70 Rest of South America: Market Size, By End-User, 20162023 (USD Million)
Table 71 Developments By Key Players in the Market, 20142018
List of Figures (31 Figures)
Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Asia Pacific Holds the Largest Share of the Market in 2017
Figure 8 Modulating Control Segment to Register the Highest Growth During the Forecast Period
Figure 9 Hardware Component Segment Dominated the Market in 2017
Figure 10 Industrial Segment to Dominate the Boiler Controls Market During the Forecast Period
Figure 11 Attractive Opportunities in the Boiler Control Market, 20182023
Figure 12 China to Grow at the Fastest Rate in the Asia Pacific Boiler Control During the Forecast Period
Figure 13 Water Tube Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 14 Hardware Segment is Expected to Dominate the Market During the Forecast Period
Figure 15 Industrial Segment to Grow at the Fastest Rate During the Forecast Period
Figure 16 China Accounted for the Largest Share of the Asia Pacific Market in 2017
Figure 17 Global Average Annual Net Capacity Addition, By Fuel Type, (GIGAWATT(GW)), (2017)
Figure 18 Water Tube Boiler Segment is Expected to Lead the Market During the Forecast Period
Figure 19 The Hardware is Expected to Grow at the Fastest Rate in the Market During the Forecast Period
Figure 20 Asia Pacific Led the Boiler Control in 2017
Figure 21 Asia Pacific: Market Snapshot
Figure 22 North America: Market Snapshot
Figure 23 Key Developments in the Boiler Control Industry During 20142018
Figure 24 Ranking of Key Players and Industry Concentration, 2017
Figure 25 ABB: Company Snapshot
Figure 26 Siemens: Company Snapshot
Figure 27 Emerson: Company Snapshot
Figure 28 Yokogawa: Company Snapshot
Figure 29 Schneider: Company Snapshot
Figure 30 Honeywell International: Company Snapshot
Figure 31 Spirax Sarco: Company Snapshot
Growth opportunities and latent adjacency in Boiler Control Market