Boiler Control Market Share

Global Boiler Control Market Overview

The Boiler Control Market value is expected to reach USD 2.29 Billion in 2022 to USD 3.64 Billion during the ongoing forecast period of 2022-2030. During this period, the market is expected to attain a global market CAGR of 6.10% and grow substantially.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Boiler Control Market Overview

Boiler functions are similar to a closed vessel that converts fluid, mainly water, into steam. A boiler control system integrated into a traditional boiler optimizes the efficiency of the overall process. The boiler control systems are generally utilized in industrial boilers where a huge amount of energy is used. It offers several advantages, such as eliminating the cost of the process cycle, which helps improve the turn-down ratios and manage the energy more efficiently. It plays a major role in enhancing the safety aspects of a boiler, like steam temperature regulation, pressure control, humidity control, and others. The boiler control consists of hardware and software components such as an actuator, controller, sensors, valves, pumps, and other software-controlled systems.

The boiler control is essential in optimizing the power plant's performance and preventing any accidental damage to equipment. Furthermore, the investment in the internet of things (IoT) and real-time information may offer lucrative market opportunities for the growth of the boiler control market shortly.

COVID 19 Analysis

The arrival of the pandemic since the last quarter of 2019 and 2020 has been a major game-changer in the functioning of the global markets especially in the forecast period that followed. The pandemic has introduced new trends and difficulties and the global markets and prominent market players need quite a considerable amount of time to cope up with changes and implement similar changes in their manufacturing and production ways followed by the players being on the lookout to produce and introduced based on the changing market patterns and lifestyle preferences. The market has been coming across a rough patch as the dire need is to return to normalcy.

The market players and global governments are understanding similar things and hence, are lifting the restrictions imposed. Further, they are even increasing their amount of investment in research and development to help them expand their product portfolio and develop new products to introduce on the international market scale.

Competitive Landscape

These major key players use various strategies to sustain their market position in the boiler control market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a unique production process, and many others to expand their customer base in the untapped market all across the globe. The most prominent major key players in the boiler control market all across the globe are mentioned below:

• Burnham Commercial (US)


• HBX Control Systems (Canada)


• Yokogawa (Japan)


• Cleaver-Brooks (US)


• Spirax Sarco (UK)


• Schneider (France)


• Siemens (Germany)


• ABB (Switzerland)


• Emerson (US)


• Honeywell (US)

Recent Developments

The growing environmental concerns about emissions from the power plants have also played a driver in the growing popularity of the boiler control systems in the market. Most governments are making attractive investments in different power generation projects, such as the investment of the Indian government in the National Electric Plan. Such developments are expected to boost the market's growth shortly. However, the high cost of installing these systems is projected to challenge the growth of this market. Moreover, many participating countries like China, India, and Australia are the leading countries and contribute to the growth of the boiler control market in the Asia-Pacific region because of significant investments being made in power generation and process industries. Increasing investments in aging power plants and a growing focus on energy efficiency equipment in the industrial sector are further likely to boost the demand for boiler control systems.

HBX Control Systems (Canada) is spending a considerable sum of money on research and development to get an upper edge over its competitors. This will help the company on enhancing its sales revenue.

The most prominent major key players are highly investing in mergers and acquisitions, joint ventures, and new products.

In 2019, as per the records published by National Electricity Plan (NEP), a handsome sum of investment worth USD 165 billion has been made in India for increasing the pace of power generation projects like nuclear, renewable sources, hydro, and thermal.

The second-largest market share in the global market is held by the North American region owing to the presence of countries like the US, Canada, and Mexico that drive the market demand in this region. Increasing investment in various construction and power generation programs creates more market demand.

In November 2023, Boiler Control Optimization System “ULTY-V plus” Wins the innovative Power Technology of the Year at Asian Power Awards 2023.The Asian Power Awards is an award program sponsored by Asian Power, a Singapore-based trade journal for the electric power industry. 

The ULTY-V plus was awarded the Innovative Power Technology of the Year for November 2023 by NYK IDEMITSU Green Solutions Co., Ltd. Its major steam pressure, fuel loading rate and other operating features can be automatically improved through its system connection with a boiler control system.

In June 2023, to respond to the increasing demand for energy-efficient boilers, Fulton launched the new product line VSRT. Only two tubeless products are available in the market among those produced by this company.

Humidity Solutions, based in the UK, introduced their latest Vapac Electrode Boiler in May 2023, which helps to reduce energy and water wastage through the use of advanced technology. The novel pulsed energy control system saves costs and energy in general.

In October 2019, Russia's chemical company PJSC Kazanorgsintez signed a pact with Siemens Gas & Power to construct a combined cycle power plant with an output capacity of 250MW in Tatarstan. This will help economically improve its chemical plant in Tatarstan by generating new power there.

Babcock & Wilcox Company has secured contracts worth over $12 million as of September 2019 for refurbishing recovery boiler at a US manufacturing facility. This unit's recovery boiler involves EPC, including the design and manufacture of the steam drum, furnace, superheater, generating bank, air system economizer and others.

In November 2018 Emerson signed a contract worth $32m together with Fores Engineering to modernize Sonatrach's gas processing plant located at Alrar. It comprises developing new integrated controls, field instrumentation (EPC), liquid and gas metering skids along with control valves / isolation valves etc that enhance production efficiencies.

Market Dynamics

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  Drivers

  
  

There has been a rise in the demand for automation to optimize the performance of boilers followed by the increased demand for boiler control in the power generation sector will drive the market towards growth in the forecast period. Boiler controls have an essential role to play in preventing any accidental damage to the equipment used. The rising investment in the internet of things (IoT) and real-time information will help the market expand at an excellent rate in the forecast period.

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  Restraints

  
  

However, one of the possible market restraints is the high up-gradation cost that is associated with the aging power plants followed by lack of standardization of protocols and the changes introduced by the arrival of the pandemic might restrain the market from growing in the international market.

Technology Analysis

The boiler control market size is likely to undergo expansion at a considerable and massive rate during the forecast period is because the global trends support a growing need for control systems that promise energy efficiency in power plants and further, are accompanied by the increased global share of renewable energy sources in fields related to power generation. The trends and technological advancements are the maxima in global participating regions like Europe and the Asia Pacific. Also, the market segmentation has promising results for possessing the ability to grow at a fast rate amid the ongoing forecast period of 2021-2028.

Study Objectives

• The market report aims to help the market investors and product buyers have a basic understanding of the market functioning and make their investment decisions accordingly. The report further, helps in having an idea about the birth of the market dynamics and factors that will help give rise to the opportunities that will help in market expansion as per the business analysts’ predictions for the forecast period of 2021-2028.


• The market report helps in having a qualitative and deep market and functional analysis of the market segments that will help understand the market basis. Further, the market report discusses the potential of the market to dominate the growth scale and emerge as recognized segments by the end of the forecast period ending in 2028.


• The market report also is very helpful in having a deep study of the factors that lead to the growing competition amongst various market regions and global market locations. The report also discusses the efforts of the market players in the form of joint ventures, mergers, and acquisitions.

Market Segmentation

The boiler control market has been divided all across the globe based on the type, components, control type, end-users, and region.

Based on the Type

The market has been divided all across the globe based on the type into water-tube boiler type and fore-tube boiler type.

Based on the Component

The market has been divided all across the globe based on the hardware and software which further includes SCADA control system, PLC, valves, pumps, sensors, controller, and actuator.

Based on the Control Type

The market has been divided all across the globe based on the control type into on/off control and modulating control.

Based on the End-Users

The market has been divided all across the globe based on the end-users into the commercial sector and industrial sector.

Based on the Region

The market has been divided worldwide based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.

Regional Analysis

The boiler control market has been divided all across the globe based on the regions into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. Being the fastest-emerging region, the largest market share in the global market is held by the Asia-Pacific region owing to the presence of countries like South Korea, Japan, China, and India which are regarded as hubs of boiler control market and hence drives the market demand in this region. Moreover, increasing urbanization is another factor that creates more market demand.

The second-largest market share in the global market is held by the North American region owing to the presence of countries like the US, Canada, and Mexico that drive the market demand in this region. Increasing investment in various construction and power generation programs creates more market demand. The presence of various major key players also drives the market demand in this region.

The third-largest market share in the global market is held by the European region owing to the presence of a well-established technologically advanced infrastructure that requires more power generation and hence creates more growth opportunities in this region. Moreover, increasing investment coupled with increased expenditure in various power generation projects drives the market demand in this region.

The Latin American region and the Middle East and African region show the least market share due to the presence of low infrastructure in both these regions. Low per capita income is another contributing factor that restricts the market growth in these regions.

Report Overview

This global boiler control market research report consists of the following components mentioned below:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Technical Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

This market research report contains factors that drive the growth of the boiler control market in the global market and the factors that restrict its growth in the global market. The technical analysis in the global market during the forecasted period is mentioned. The impact of the COVID 19 on the global market is mentioned. The future growth during the review period is estimated and mentioned.