LONDON--(BUSINESS WIRE)--Technavio’s global industrial boiler control systems market research report forecasts the market to grow at a CAGR of almost 7% during the forecast period.
The incorporation of cybersecurity features in industrial boiler control systems will be one of the major trends in the global industrial boiler control systems market during 2018-2022. Industrial boiler control systems are regularly updated with new technologies and software to improve their functionality and productivity. The automation of an industrial boiler plant helps in monitoring and controlling the plant from a remote location.
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According to Technavio analysts, one of the key drivers for the global industrial boiler control systems market is the increasing demand for boiler sequence control systems:
Global industrial boiler control systems market: Increasing demand for boiler sequence control systems
Most of the boilers are not operated at their full capacity in a multi-boiler facility due to factors such as load variations, peak demand, and redundancies such as breakdowns. The efficiency of a boiler decreases when it functions at part load because of radiation losses, decreased combustion efficiency, and frequent burner trip resulting in boiler shutdown.
According to a senior research analyst at Technavio, “Boilers consume half of the primary energy in an industry. Therefore, the losses in efficiency can be very costly for an industry. This has led to an increase in the focus on operating a minimum number of boilers at peak load in a multi-boiler facility. This can be achieved by using a sequence control system that ensures that the boilers are fired in a controlled manner by preventing frequent over firing.”
Global industrial boiler control systems market: Segmentation analysis
The global industrial boiler control systems market analysis report provides market segmentation by product (control elements and communication) and by region (the Americas, APAC, and EMEA). This industrial boiler control systems market forecast report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the control elements segment held the largest industrial boiler control systems market share in 2017, contributing to nearly 87% of the market. This product segment will dominate the global market throughout the forecast period.
APAC held the largest share of the market in 2017, accounting for close to 38% share. It was followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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