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Boiler Control Market by Boiler Type, Control Type, Component, End-User And Region - Global Forecast to 2023

Boiler Control Market: Global Forecast until 2023

  • July 2018
  • 124 pages
  • ID: 5472852
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The boiler control market is estimated to rise at a compound annual growth rate of ~6.1 percent, from 2018 to 2023.

The boiler control market is forecasted to grow from an estimated ~$1.8B in 2018 to ~$2.4B by 2023, at a compound annual growth rate (CAGR) of ~6.1 percent, from 2018 to 2023. Growing investments in the digital technologies in power plants globally, rised adoption of Industrial Internet of Things for real-time decision-making, and increasing focus on energy saving control systems to minimize carbon emissions are driving the sector for boiler control systems across the globe. High upgrading cost of aging power plants is likely to act as a restraint for the boiler control market.

The modulating segment accounts for the most important share of the boiler control market, by control type, during the estimate period.

The modulating segment is anticipated to be the biggest, by control type, from 2018 to 2023. The factors driving the industry for boiler control systems with a modulating type of control contain vast implementation of boiler control systems with modulating control in big power plants in the power generation market, together with low energy losses resulting in larger market share during the outlook period.

Asia-Pac: The largest industry for boiler control.

Asia Pacific (APAC) is anticipated to be the biggest market for boiler control systems in 2018, succeeded by North America (NA) and EU.China (CN) and India (IN) are anticipated to be the most important industries for boiler control systems in the territory by cause of significant investments being made in power generation and process markets.

North America continent is the second biggest market for boiler control systems, succeeded by Europe (EU) and the Middle East (ME).Rising investments in aging power plants and increasing focus on energy efficiency equipment in the industrial industry are likely to boost the industry demand for boiler control systems.

The boiler control market is also increasing at a good pace in countries including the US, Australia (AU), and Germany (DE) as a result of growing investments in renewable power generation, natural gas fired power generation, and the oil & gas market.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 70.0 percent, Tier 2 25.0 percent, Tier 3 5.0 percent

• By Description: C-Level- 25.0 percent, D-Level- 40.0 percent, Others- 35.0 percent

By area: North america (NA)- 25%, Europe- 20.0 percent, Asia Pacific- 50.0 percent, South America- 5.0 percent, Middle East & Africa- 20%.

Note: The 1/3 of the companies, the tiers of the corporations has been defined based on their full revenue; as of 2016: Tier 1 = >USD 5 billion, Tier 2 = $1.0B to $5.0B, and Tier 3 =

The key players in the boiler control market are Siemens, ABB, Cleaver-Brooks, Yokogawa, Schneider, and Emerson.

Segment Research

The study offers a picture of the boiler control market across the boiler sector globally.It aims at evaluating the market value and future increase potential of the market across distinct segments including boiler type, control type, component, end-user, and area.

Moreover, the analysis includes a detailed competitive analysis of the top players in the sector, together with their company descriptions, latest developments, and key industries strategies.

This study furnishes highlights on the following points:

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the boiler control market

• Market Development: Highlighted information about profitable emerging sectors; the industry report examines the industries for boiler control systems across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall boiler control market

Why acquire this industry report?

1. The study determines and addresses main markets for the implementation of boiler control products in different industries, which would help manufacturers review the rise in demand.

2. The analysis would benefit solutions providers distinguish the pulse of the sector and offer business insights into drivers, market restraints, and opportunities.

3. The market research would benefit top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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