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Boiler Control Solutions Market By type (Water tube boiler, Fire tube boiler) By Application type (Industrial, Commercial) By Control Solution ((On/Off) cycling controls, High/Low fire controls, Modulating controls) By Component (Hardware, Software, Services) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

About this report

The Boiler control solutions market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the Boiler control solutions market industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Boiler control solutions market industry, as well as how economic and non-economic barriers are helping the Boiler control solutions market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the Boiler control solutions Market?

  • In 2021, water tube boilers will be the leading segment in the boiling control solutions market. Due to its high efficiency with higher operating pressure for steam generation expected to grow water tube boilers.       
  • In 2021, the industrial sector will be the leading segment of the boiler control solutions market due to the increased need for machine learning to control the temperature of heating systems. Moreover, the rising investment in pharmaceuticals and other industrial processes drives growth in the boiler control solutions market. 
  • In 2021, the modulating controls segment in control solution led the market due to improved boiler operation, higher efficiency with improving safety conditions, and reduced risk in boiler access. These factors are contributing to the segment's expansion. 
  • In 2021, the hardware category will be the fastest growing component segment of the market due to the increasing number of automation projects in power plants and the rising demand for industrial processes in the boiling control solutions market.

Which Region dominated the Boiler control solutions Market?

In 2021, Asia Pacific dominated the market share in the global boiler control solutions market. The increasing population leads to rising power generation, mostly in countries like India, China, Japan and others. Rapid industrial development and a rising number of power plants are expected to demand emerging economies in the Asia Pacific. This Region has become the global production of various manufacturing and processing industries. The Asia Pacific has seen growth and is expected to provide the Boiler control solutions market suppliers and several opportunities. In the Asia Pacific, rising investment and a growing focus on energy equipment for the industrial sector are expected to grow the boiler control solutions market in this Region. 

What is the competitive environment of the Boiler control solutions Market?

The boiler control solutions industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the boiler control solutions market share globally, the business organization overview, the introduction of new products, partnerships, collaborations, acquisitions, and the opportunities for the industrial boiler control solutions market. For instance, in August 2022, ABB ltd and Hydrogen Optimized Inc. (HOI) announced the extension of their partnership. This partnership supports the ABB’s global footprints in high-power rectifiers, distributed control systems and manufacturing automation. 

Executive Summary

What are all technical developments being developed in the Boiler Control Solutions Market?

Technical development for the boiler control solutions is in artificial intelligence. The expansion of the worldwide smart devices industry is being driven by an increase in demand for intelligent systems to boost productivity and efficiency. For instance, in January 2022, Honeywell International Inc launched its new ControlEdge HC900 Controller. It is an advanced loop and logic controller providing a modular design to fulfill the control and data management requirements of a wide range of process equipment.

Which are the key investments by the players in the Boiler Control Solutions Market?

Boiler control solutions have been used in various industries due to their exceptional advantages and capacity to be adaptable in any setting. Various investments are made throughout the market players. For instance, in May 2022, the Bosch group announced it would invest more than USD 300 million in the heat-pump business by 2025. Similarly, in January 2022, the group announced it would spend USD 664 million in the North American region.

Some of the major players in the market are ABB Ltd, Honeywell International Inc., Schneider Electric SE Bosch Ltd, Yokogawa Electric Corporation, Cleaver-Brooks. Inc., Emerson Electric Co, Weil-McLain (Shandong) Cast-Iron-Boiler Co., Ltd, Siemens AG, HBX Control Systems Inc., and Spirax-Sarco Engineering plc.

What are the Major Driving Factors for the Boiler control solutions Market?

Adoption in the power generation sector is the major factor in the boiler control solution market growth. The increasing industrial development and rapid globalization are also growing market demand. Industrial boilers are the main Component of a power generation plant because it is needed highly to produce boiler control at large enhancing boiler efficiency is increased demand for power generation. Furthermore, investments made by the government in power generation projects are also expected to grow in the boiler control solution market. Increasing demand for automation to improve the performance of boiler control is the major driver of the global Boiler control solutions market. These factors are expected to drive the growth of the Boiler control solutions market. 

What are the Major Risks for the Boiler control solutions Market?

The high initial investment associated with the power plants is the major restraint of the boiler control solution market. Furthermore, the lack of skilled personnel is expected to hamper the market growth. Additionally, the pandemic might restrain this market from growing in international markets. These factors are restraining the growth of the Boiler control solutions market.  

Which is the key Control Solution in the Market Boiler control solutions Market

The control solution segment is classified into (On/Off) cycling controls, High/Low fire control and Modulating control. The modulating control segment is expected to grow due to the rising boiler control solutions market demand for energy-saving control systems and reduced risks in boiler access. Furthermore, the software segment is expected to grow the boiling control solutions market during the forecast periods because it provides remote access to control and monitor boiler operation.  

How is the Boiler Control Solutions Market performing in regions?

In 2021, Asia Pacific dominated the market share in the global boiler control solutions market. Rapid industrial development and a rising number of power plants are expected to demand emerging economies in the Asia Pacific. This Region has become the global production of various manufacturing and processing industries. The increasing population leads to rising power generation, mostly in countries like India, China, Japan and others. In the Asia Pacific, rising investment and a growing focus on energy equipment for the industrial sector are expected to grow the boiler control solutions market in the Asia-Pacific region. The Asia Pacific has seen growth and is expected to provide the Boiler control solutions market suppliers and several opportunities.

The North American Region is expected to grow considerably due to the expansion of production industries, investment in projects and increasing demand for energy expected to grow in the energy and power sector. Moreover, the companies are invested in boiler control solutions to manage their operations and may be offered to the profitable market for the boiler. These factors are expected to increase the growth of the Boiler control solutions market in the North American Region.

What is the regulatory landscape for the Boiler control solutions Market?

The regulatory landscape for this market is that governments are applied many standards for boiler control systems and other solutions. For instance, IEC 61508, UL60730, SIL, and others are necessary for manufacturers to avoid the circumstances related to system failures and other issues. Besides that, these standards vary from manufacturer to manufacturer and their market presence. Furthermore, governments in many countries such as U.S., Germany, France, and others support the developments and advancements in boiler control solutions which are expected to drive the global boiler control solutions market during the forecast period.

What is the Market Size of the Boiler control solutions regarding value?

The boiler control solutions market is anticipated to grow at a substantial CAGR of 5.90% in the upcoming years. The global boiler control solutions market industry was estimated to be worth USD 1,948.4 million in 2021 and was expected to be worth USD 2,748.23 million by 2028.

What are the major players planning for the future of the Boiler control solutions Market?

The key players in the boiler control solutions market invest heavily in numerous cutting-edge technologies, including digital boiler control, advanced interface, and others. Additionally, the future scenarios indicate that well-known market players would make major investments in start-ups and medium-sized businesses to provide effective solutions to the industry. There are high predictions that the major players will acquire or merge with the major companies or start-ups to gain a competitive edge.

Segmentation of Global Boiler control solutions Market-

Boiler control solutions market– By type

  • Water tube boiler
  • Fire tube boiler

 Boiler control solutions market– By Application type

  • Industrial 
  • Commercial 

Boiler control solutions market– By Control Solution

  • (On/Off) cycling controls 
  • High/Low fire controls
  • Modulating controls 

Boiler control solutions market– By Component

  • Hardware
  •  Software
  •  Services  

 Boiler control solutions Market– By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently Asked Questions (FAQs):

Adoption in the power generation sector is the major factor in the boiler control solution market growth. The increasing industrial development and rapid globalization are also growing market demand. Industrial boilers are the main Component of a power generation plant because it is needed highly to produce boiler control at large enhancing boiler efficiency is increased demand for power generation.

The boiler control solutions market is anticipated to grow at a substantial CAGR of 5.90% in the upcoming years. The global boiler control solutions market industry was estimated to be worth USD 1,948.4 billion in 2021 and was expected to be worth USD 2,748.23 billion by 2028.

The increasing population leads to rising power generation, mostly in countries like India, China, Japan and others. Rapid industrial development and a rising number of power plants are expected to demand emerging economies in the Asia Pacific.

The main competitors dominating the global boiler control solutions market include ABB Ltd, Honeywell International Inc., Schneider Electric SE Bosch Ltd, Yokogawa Electric Corporation, Cleaver-Brooks. Inc., Emerson Electric Co, Weil-McLain (Shandong), Cast-Iron-Boiler Co., Ltd, Siemens AG, HBX Control Systems Inc., and Spirax-Sarco Engineering plc.

Boiler Control Solutions Market Scope

Report Attribute Details
Market Value in 2021 USD 1,948.4 million
Market Value in 2028 USD 2,748.23 million
CAGR 5.90%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Sep 2022
Category:  Chemicals
Report ID:   60640
Report Format:   PDF
Pages:   180
Rating:    4.8 (10)
Delivery Time: 24 Hours to 48 Hours   
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