Boiler Control Market Size, Share & Industry Analysis, By Boiler Type ( Water Tube Boiler, Fire Tube Boiler), By Control Type (Modulating Control,On/Off Control), By Component (Hardware, Software), By Application (Industrial, Commercial, Others) and Regional Forecast, 2024-2032

The boiler is one of the primary equipment for generating steam and hot water for many industrial applications. Electricity generation is the prime application of boiler. Power plant operators extensively use boilers to meet the rising demand for electricity. The enormous economic growth, rising capital investment, growing middle-class income, etc. has immensely increased the demand for electricity. However, the increasing Capex for operation and maintenance of power plants has turned operators to invest in more advanced boiler control system. Boiler control helps to detect unusual, undesirable, and dangerous conditions and automatically takes remedial steps to fix the problem.

There is number of control devices used to prevent any untoward incident. Whether to adjust the water level or lower down pressure of boiler or blow off. Therefore, boiler control is essential in optimizing performance of the power plant and in preventing any accidental damage to equipment. Furthermore, the investment in internet of things (IoT) and real-time information may offer lucrative market opportunities for the growth of the boiler control market.

The boiler control market segmented into boiler type, control type, component, and application. There are two types of boiler major used viz. water tube boiler and fire tube boiler. The water-tube boiler is used in many industries and for power generation due to its higher operating pressure for steam generation. It is mainly used in heavy-duty industrial applications and power generation. The control type is divided into modulating control and on/off control. Modulating control monitor and control the air and fuel supplied to burner according to load demand.

Key Market Driver -

Key Market Driver – Rising demand for automation to optimize the performance of the boiler

Key Market Restraint -

Key Market Restraint – High initial investment and requirement of skilled personnel

The monitoring and controlling of boiler operation require assistance of hardware and software. Software used to monitor and control boiler operation remotely while hardware sense the variation in boiler operation. Boilers are majorly used in industry for number of processes and power generation which expected to offer profitable market for the growth of the boiler control market.

Automation ensures the smooth operation of the boiler and prevents any untoward incident by acting promptly. Furthermore, it optimizes the performance of boiler, which helps to minimize GHG emission, increases annual megawatt output, and cuts down the operational and maintenance cost. Also, software application provides remote access to control and monitor boiler operation which may underpin the growth of the boiler control market.

The high initial investment required for boiler control due to the utilization of the internet of things (IoT) and software, which deters industrial players to invest in boiler control. Also, requirement of highly skilled personnel may increase the overall cost of the plant operation that may retard the growth of the boiler control market.

Key Players Covered:

Some of the key players in the boiler control market are Siemens, Thermax Limited, Cleaver-Brooks, Yokogawa, ABB, Schneider Electric, Emerson, Honeywell, Patterson-Kelley, Spirax Sarco,
HBX Control Systems Inc., and Burnham Commercial.

Regional Analysis:

The global boiler control market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America experiencing robust growth in the energy and power sector due to the expansion of manufacturing industries, investment in oil and gas projects, and rising demand for energy. The United States generates substantial amount of electricity through thermal power plants. Furthermore, companies are keen to invest in boiler control system to effectively manage the operations of boiler that may offer lucrative market for boiler control. European countries are inclined towards clean energy sources, but still there is a lot of potential in traditional thermal power plants to generate electricity.

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Boilers are used across numerous industrial applications such as processing, manufacturing, and food & beverages among others. Also, Europe is one of the largest markets for district heating in which boilers are primarily used. Thus, the ongoing development in various fields where there is a massive requirement of boilers is expected to drive the boiler control market. Asia Pacific is one of the largest markets for the growth of the boiler control market owing to emerging economies and high potential and energy & power sector. China and India are incessantly investing in achieving energy security by building new power plants. In the forthcoming years, government will double its spending on energy and power generation, which expected to proliferate the market growth of the boiler control.

Segmentation

Key Industry Developments

• In October 2019, Siemens Gas & Power and Russia’s chemical company PJSC Kazanorgsintez signed a pact for the construction of a 250MW combined cycle power plant in Tatarstan. The new power plant at Tatarstan will help to increase the economic efficiency of its chemical plant.


• In September 2019, Babcock & Wilcox Company secured more than $12 million contracts to refurbish the recovery boiler for a U.S, manufacturing facility. The scope of the project includes the design and manufacture of a steam drum, furnace, superheater, generating bank, air system, economizer, and other components for the plant’s recovery boiler.


• In November 2018, Emerson in association with Fores Engineering has signed a $32m contract with Sonatrach to modernize its gas processing plant in Alrar. The project includes EPC and testing of the new integrated controls, field instrumentation, liquid and gas metering skids, control and isolation valves, and other equipment for improved production efficiencies.