DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The boiler control market is projected to grow from an estimated USD 1.8 billion in 2018 to USD 2.42 billion by 2023, at a CAGR of 6.09%, from 2018 to 2023.
Increasing investments in the digital technologies in power plants globally, increased adoption of Industrial Internet of Things for real-time decision-making, and growing focus on energy saving control systems to reduce carbon emissions are driving the market for boiler control systems across the world. High upgrading cost of aging power plants is likely to act as a restraint for the boiler control market.
The modulating segment is expected to be the largest, by control type, from 2018 to 2023. The factors driving the market for boiler control systems with a modulating type of control include vast implementation of boiler control systems with modulating control in large power plants in the power generation industry, along with low energy losses resulting in larger market share during the forecast period.
- Augmented Power Generation Capacities
- Emphasis on Efficiency and Cost of Production
- High Upgrading Cost of Aging Power Plants
- Increasing Adoption of Industrial Internet of Things for Real-Time Decision-Making
- Lack of Standardization of Protocols
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Boiler Control Market, By Boiler Type
7 Boiler Control Market, By Control Type
8 Boiler Control Market, By Component
9 Boiler Control Market, By End-User
10 Boiler Control Market, By Region
11 Competitive Landscape
12 Company Profiles
- Burnham Commercial
- HBX Control Systems
- Honeywell International
- Micromod Automation
- Spirax Sarco
For more information about this report visit https://www.researchandmarkets.com/research/rmgz58/global_2_42_bn?w=4