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% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Principal Consultant
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% |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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
Explore Technology Insights
View Reports
Boiler Control Market
