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Global Boiler Control Market: By Boiler Type: Water Tube Boiler, Fire Tube Boiler, Others; By Control Type: Modulating Control, On/Off Control; By Component: Hardware, Software; By End-Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Boiler Control Market Outlook
The global boiler control market is expected to grow at a CAGR of about 6.10% in the forecast period of 2023-2028, owing to the rising demand for energy-efficient control systems.
Asia Pacific to be a Significant Regional Market for Boiler Control
During the forecast period, the Asia Pacific region is expected to dominate the global boiler control market owing to the growing population, leading to increased demand for power generation, especially in countries such as India, China, Australia, and Japan. The rising share of renewable energy sources in Southeast Asian countries is also driving the market growth. Attributed to the rapid industrial development and an increasing number of power plants, the demand for boiler control has surged among the emerging economies in Asia Pacific. The region has become a global manufacturing hub with diverse manufacturing and processing industries. Moreover, China, India, and Australia are the leading countries in the region, which are likely to contribute to the growth of the boiler control market in the Asia Pacific region. Increasing investments in ageing power plants and a growing focus on energy efficiency equipment in the industrial sector are further likely to augment the demand for boiler control systems.
The market in North America is also expected to witness lucrative growth due to the growing power requirement and the increasing demand for efficient boiler control solutions in the developed nations such as the United States, Switzerland, and Australia, among others. The region has a high number of industries and is significantly expanding power generation through renewables, propelling the demand for boiler control solutions in North America.
Industrial Segment to Dominate the Global Boiler Control Market
During the forecast period, the industrial segment of the global boiler control market is expected to grow at a fast pace owing to the rapid growth in the population of developing economies such as the Middle East and the Asia Pacific regions. An increasing focus on replacing ageing power plants with new, highly efficient control systems and implementing artificial intelligence in boiler control systems in the power sector to track parameters such as temperature, flame shape, and reduction of carbon footprint are the major drivers of the industrial segment. Companies such as Siemens, Emerson, and ABB have implemented artificial intelligence (AI) in their software packages that help to reduce energy costs in the power plants, provide improved heat rate, increase annual megawatt output, reduce greenhouse gases, and lowers generation costs, which are likely to drive the boiler control market further.
Market Segmentations
A boiler control system is a system that governs, directs, and regulates a boiler. It allows for more control over where heat is dispersed. It aids the boiler in evenly distributing heat throughout the structure. The control of a boiler can range from a single heating controller utilising a thermostat to massive industrial control systems used to operate processes or large machinery.
Based on boiler type, the market is divided into:
- Water Tube Boiler
- Fire Tube Boiler
- Others
On the basis of control type, the market includes:
- Modulating Control
- On/Off Control
The various components in the market are:
- Hardware
- Software
The end-uses of the market are:
- Commercial
- Industrial
The regional markets for boiler control can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Rising Demand for Energy-Efficient Control Systems Propelling the Market Growth
The rising demand for the energy-efficient control system and the enhanced protection capacity of the boiler control system are anticipated to propel the growth of the global boiler control market. A growing need for minimising the carbon footprint and the need to improve the efficiency of the boiler is also driving the growth of the global market. The rapid expansion of the power plants, along with the rising concern towards safety, is further triggering the market growth. Boiler control help to increase efficiency, saves operational cost and improves the boiler's life. Increasing demand for boiler control in the power generation sector because of the increased power generation capacities is a major factor expected to drive the growth of the global boiler control market over the forecast period. In addition, the increasing adoption of industrial IoT for real-time decision-making is expected to create a productive opportunity for the growth of the global boiler control market over the forecast period.
Key Players in the Global Market for Boiler Control
The report gives a detailed analysis of the following key players in the global boiler control market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Siemens Aktiengesellschaft
- Emerson Electric Co.
- Bosch Thermotechnology Ltd.
- Cleaver-Brooks Company, Inc.
- Spirax Sarco Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Boiler Type |
|
| Breakup by Control Type |
|
| Breakup by Component |
|
| Breakup by End-Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Boiler Control Market Analysis
8.1 Key Industry Highlights
8.2 Global Boiler Control Historical Market (2018-2022)
8.3 Global Boiler Control Market Forecast (2023-2028)
8.4 Global Boiler Control Market by Boiler Type
8.4.1 Water Tube Boiler
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Fire Tube Boiler
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Boiler Control Market by Control Type
8.5.1 Modulating Control
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 On/Off Control
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Boiler Control Market by Component
8.6.1 Hardware
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Software
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Boiler Control Market by End-Use
8.7.1 Commercial
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Industrial
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Boiler Control Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Boiler Control Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Boiler Control Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Boiler Control Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Boiler Control Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Boiler Control Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Siemens Aktiengesellschaft
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Emerson Electric Co.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Bosch Thermotechnology Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cleaver-Brooks Company, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Spirax Sarco Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Boiler Control Market: Key Industry Highlights, 2018 and 2028
2. Global Boiler Control Historical Market: Breakup by Boiler Type (USD Million), 2018-2022
3. Global Boiler Control Market Forecast: Breakup by Boiler Type (USD Million), 2023-2028
4. Global Boiler Control Historical Market: Breakup by Control Type (USD Million), 2018-2022
5. Global Boiler Control Market Forecast: Breakup by Control Type (USD Million), 2023-2028
6. Global Boiler Control Historical Market: Breakup by Component (USD Million), 2018-2022
7. Global Boiler Control Market Forecast: Breakup by Component (USD Million), 2023-2028
8. Global Boiler Control Historical Market: Breakup by End-Use (USD Million), 2018-2022
9. Global Boiler Control Market Forecast: Breakup by End-Use (USD Million), 2023-2028
10. Global Boiler Control Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Boiler Control Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Boiler Control Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Boiler Control Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Boiler Control Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Boiler Control Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Boiler Control Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Boiler Control Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Boiler Control Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Boiler Control Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Boiler Control Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Boiler Control Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Boiler Control Market Structure.
Key Questions Answered in the Report
The global boiler control market is projected to grow at a CAGR of 6.10% between 2023 and 2028.
The major drivers of the market include the enhanced protection capacity of the boiler control system, the rapid expansion of the power plants, rising concern towards safety, increasing demand for boiler control in the power generation sector, increasing adoption of industrial IoT for real-time decision-making, and rising share of renewable energy sources.
The rising demand for the energy-efficient control system and the growing need for minimising the carbon footprint are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on boiler type, the market is divided into water tube boilers and fire tube boilers, among others.
On the basis of control type, the market includes modulating control and on/off control.
The various components in the market are hardware and software.
The end-uses of the market are commercial and industrial.
The major players in the industry are Siemens Aktiengesellschaft, Emerson Electric Co., Bosch Thermotechnology Ltd., Cleaver-Brooks Company, Inc., and Spirax Sarco Limited, among others.
Analyst Review
The global boiler control market was driven by the rising demand for energy-efficient control systems in the historical period. Aided by the increasing demand for boiler control in the power generation sector and the growing need for minimising the carbon footprint, the market is expected to grow at a CAGR of 6.10% in the forecast period of 2023-2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on boiler type, the market is divided into water tube boilers and fire tube boilers, among others. On the basis of control type, the market includes modulating control and on/off control. The various components in the market are hardware and software. The end-uses of the market are commercial and industrial. The major regional markets for boiler control are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Siemens Aktiengesellschaft, Emerson Electric Co., Bosch Thermotechnology Ltd., Cleaver-Brooks Company, Inc., and Spirax Sarco Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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