The global boiler control market size is expected to attain a valuation of around US$ 4.5 billion by 2034. It will likely reach a value of around US$ 2.3 billion in 2024. The market is set to witness a CAGR of 7.1% in the assessment period 2024 to 2034.
The rising use of renewable energy sources across countries in Europe and Asia Pacific for power generation is anticipated to drive growth. At the same time, the high demand for energy-efficient boiler monitoring solutions in modern power plants will likely push growth.
The increasing need to optimize the overall performance of energy-efficient boilers is expected to augment the demand for automation. The high power generation capacity of certain power plants is also projected to propel the demand for boiler control.
With stringent laws pertaining to workers’ safety in several parts of the globe, boiler control is becoming essential to avoid damages or accidents in power plants. Increasing investments in real-time monitoring and the Internet of Things (IoT) to ensure the smooth operation of power plants are anticipated to create novel opportunities.
| Attributes | Key Insights |
|---|---|
| Boiler Control Market Estimated Size (2024E) | US$ 2.3 billion |
| Projected Boiler Control Market Valuation (2034F) | US$ 4.5 billion |
| Value-based Boiler Control Market CAGR (2024 to 2034) | 7.1% |
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The global boiler control market exhibited a CAGR of about 7.7% in the historical period. It is estimated to showcase a 7.1% CAGR in the forecast period. The market attained a valuation of US$ 2.1 billion in 2023.
| Historical CAGR (2019 to 2023) | 7.7% |
|---|---|
| Historical Valuation (2023) | US$ 2.1 billion |
Analyzing Industrial Boiler Control System Market from 2019 to 2023
Remote Boiler Monitoring Market Outlook from 2024 to 2034
The table provides information about significant variations in growth rates and dynamic trends in the boiler control market. Readers can gain insights into changing consumer tastes and evolving market dynamics throughout an array of different periods. The table offers an explanation of growth potential, scrutinizing the role that actual numbers and predictions have in determining the future path of the market.
| Details | CAGR |
|---|---|
| H1 (2023 to 2033) | 6.5% |
| H2 (2023 to 2033) | 7.7% |
| H1 (2024 to 2034) | 6.6% |
| H2 (2024 to 2034) | 7.6% |
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The section below highlights the CAGRs of the leading countries in the boiler control market. The three main countries pushing boiler control demand include Japan, the United Kingdom, and China.
According to the analysis, Japan is set to lead the boiler control market by showcasing a CAGR of 8.3% in the forecast period. The country is anticipated to be followed by the United Kingdom and China, with CAGRs of 8.1% and 7.9%, respectively.
| Countries | CAGR |
|---|---|
| United States | 7.4% |
| United Kingdom | 8.1% |
| China | 7.9% |
| Japan | 8.3% |
| South Korea | 4.2% |
Japan is estimated to showcase a considerable boiler control market share in the forecast period. It is expected to reach a valuation of US$ 485.8 million in 2034. It will likely expand at a CAGR of around 8.3% from 2024 to 2034. Factors responsible for the country’s growth are:
The United Kingdom’s boiler control market is expected to showcase a CAGR of 8.1% in the assessment period. The country will likely reach a value of US$ 181.8 million by 2034. Key factors propelling boiler control sales in the country are:
China’s boiler control market is projected to rise at a CAGR of 7.9% in the evaluation period. The country is anticipated to attain a value of about US$ 719.3 million by 2034. A handful of factors pushing demand in China are:
The below section shows the global trends in the boiler control industry in terms of type, components, and end-user. The water tube boiler segment is expected to lead the boiler control market based on type. It is set to showcase a CAGR of around 6.5% from 2024 to 2034. Based on the component, the hardware segment is anticipated to exhibit a dominant CAGR of 6.8% through 2034.
| Segment | Value CAGR (2024 to 2034) |
|---|---|
| Hardware (Component) | 6.8% |
| Water Tube Boiler (Type) | 6.5% |
Based on components, the hardware segment is estimated to lead the global boiler control market. It is expected to witness a CAGR of 6.8% in the forecast period. Factors accelerating the segment’s growth are:
In terms of type, the water tube boiler segment is projected to dominate the boiler control market. It will likely expand at a CAGR of 6.5% from 2024 to 2034. The segment is expected to rise at a fast pace due to the following factors:
Leading companies in the global boiler control market are focusing on research & development activities to discover new application areas and products. They are participating in mergers & acquisitions, collaborations, and joint ventures to co-develop innovative solutions and gain a competitive edge. A few other market players are aiming to raise their brand loyalty by offering discounts and showcasing their new products across exhibitions.
Recent Boiler Control Market Developments
The boiler control market is set to reach US$ 4.5 billion by 2034.
The market will likely expand at 7.1% CAGR from 2024 to 2034.
The boiler control market is expected to reach US$ 2.3 billion in 2024.
They are important to avert boiler explosions by regulating pressure.
Electronic and pneumatic are the two types of boiler control systems.
Boilers help control fuel flow, airflow, and water flow.
Programmable Logical Controller (PLC) controls the water level and temperature.
A closed vessel is used to heat water or another fluid.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ billion) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ billion) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ billion) Analysis By Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Type, 2024 to 2034 5.3.1. Water Tube Boiler 5.3.2. Fire Tube Boiler 5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Components 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ billion) Analysis By Components, 2019 to 2023 6.3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Components, 2024 to 2034 6.3.1. Hardware 6.3.2. Software 6.4. Y-o-Y Growth Trend Analysis By Components, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Components, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-user 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ billion) Analysis By End-user, 2019 to 2023 7.3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By End-user, 2024 to 2034 7.3.1. Industrial 7.3.2. Commercial 7.4. Y-o-Y Growth Trend Analysis By End-user, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By End-user, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ billion) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ billion) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. United States 9.2.1.2. Canada 9.2.2. By Type 9.2.3. By Components 9.2.4. By End-user 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Components 9.3.4. By End-user 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Type 10.2.3. By Components 10.2.4. By End-user 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Components 10.3.4. By End-user 10.4. Key Takeaways 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Type 11.2.3. By Components 11.2.4. By End-user 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Components 11.3.4. By End-user 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Type 12.2.3. By Components 12.2.4. By End-user 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Components 12.3.4. By End-user 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Type 13.2.3. By Components 13.2.4. By End-user 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Components 13.3.4. By End-user 13.4. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Type 14.2.3. By Components 14.2.4. By End-user 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Type 14.3.3. By Components 14.3.4. By End-user 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ billion) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ billion) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of Middle East & Africa 15.2.2. By Type 15.2.3. By Components 15.2.4. By End-user 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Type 15.3.3. By Components 15.3.4. By End-user 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. United States 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By Type 16.1.2.2. By Components 16.1.2.3. By End-user 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By Type 16.2.2.2. By Components 16.2.2.3. By End-user 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By Type 16.3.2.2. By Components 16.3.2.3. By End-user 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By Type 16.4.2.2. By Components 16.4.2.3. By End-user 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By Type 16.5.2.2. By Components 16.5.2.3. By End-user 16.6. United Kingdom 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By Type 16.6.2.2. By Components 16.6.2.3. By End-user 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By Type 16.7.2.2. By Components 16.7.2.3. By End-user 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By Type 16.8.2.2. By Components 16.8.2.3. By End-user 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By Type 16.9.2.2. By Components 16.9.2.3. By End-user 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By Type 16.10.2.2. By Components 16.10.2.3. By End-user 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By Type 16.11.2.2. By Components 16.11.2.3. By End-user 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By Type 16.12.2.2. By Components 16.12.2.3. By End-user 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By Type 16.13.2.2. By Components 16.13.2.3. By End-user 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By Type 16.14.2.2. By Components 16.14.2.3. By End-user 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By Type 16.15.2.2. By Components 16.15.2.3. By End-user 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By Type 16.16.2.2. By Components 16.16.2.3. By End-user 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By Type 16.17.2.2. By Components 16.17.2.3. By End-user 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By Type 16.18.2.2. By Components 16.18.2.3. By End-user 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By Type 16.19.2.2. By Components 16.19.2.3. By End-user 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By Type 16.20.2.2. By Components 16.20.2.3. By End-user 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By Type 16.21.2.2. By Components 16.21.2.3. By End-user 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By Type 16.22.2.2. By Components 16.22.2.3. By End-user 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2023 16.23.2.1. By Type 16.23.2.2. By Components 16.23.2.3. By End-user 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Type 17.3.3. By Components 17.3.4. By End-user 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Siemens 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Thermax Limited 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Cleaver-Brooks 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Yokogawa 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. ABB 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Schneider Electric 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Emerson 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Honeywell 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Patterson-Kelley 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Spirax Sarco 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.11. HBX Control Systems Inc. 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 18.1.12. Burnham Commercial. 18.1.12.1. Overview 18.1.12.2. Product Portfolio 18.1.12.3. Profitability by Market Segments 18.1.12.4. Sales Footprint 18.1.12.5. Strategy Overview 18.1.12.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Boiler Control Market
