Global $2.42 Bn Boiler Control Market by Boiler Type, Control Type, Component, End-User and Region - Forecast to 2023 - ResearchAndMarkets.com

DUBLIN--()--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.

Market Dynamics

Drivers

  • Augmented Power Generation Capacities
  • Emphasis on Efficiency and Cost of Production

Restraints

  • High Upgrading Cost of Aging Power Plants

Opportunities

  • Increasing Adoption of Industrial Internet of Things for Real-Time Decision-Making

Challenges

  • Lack of Standardization of Protocols

Key Topics Covered

1 Introduction

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

  • ABB
  • Benchmarking
  • Burnham Commercial
  • Cleaver-Brooks
  • Emerson
  • HBX Control Systems
  • Honeywell International
  • Micromod Automation
  • Schneider
  • Siemens
  • Spirax Sarco
  • Weil-Mclain
  • Yokogawa

For more information about this report visit https://www.researchandmarkets.com/research/rmgz58/global_2_42_bn?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: HVAC (Heating, Ventilation, and Air Conditioning), Heat Exchangers and Cooling Towers

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: HVAC (Heating, Ventilation, and Air Conditioning), Heat Exchangers and Cooling Towers