Global Industrial Boiler Control Systems Market: Introduction
- Industrial boiler control systems are frequently upgraded with new and advanced technologies and development of software in order to improve their functioning and productivity
- Incorporation of automation in industrial boiler plants helps in observing, maintaining, and controlling the functionality of the plant from a remote location
- Most boilers are not operated at their full capacity in a multi-boiler facility, due to various factors such as peak demand, load variations, and redundancies such as breakdowns
- The productivity of a boiler lowers when it functions at part load, owing to diminished combustion efficiency, radiation losses, and frequent burner trips resulting in boiler shutdowns
- Boilers consume a lot of energy. Thus, loss of efficiency of boilers can be unprofitable for a company. This factor has prompted companies to operate a base number of boilers at peak load in a multi-boiler facility.
- This can be accomplished by utilizing a sequence control system that would ensure boilers are fired in a controlled manner by averting regular over firing.
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Global Industrial Boiler Control Systems Market: Dynamics
- Rising demand for boiler sequence control systems acts as a driving factor for the global industrial boiler control systems market
- Moreover, increasing demand for online control of industrial boilers for energy management is expected to drive the global market in the next few years
- In addition, growing popularity of burner management systems (BMSs) has boosted the global industrial boiler control systems market
- However, rising demand for natural gas and renewable energy acts as a key factor restraining the global industrial boiler control systems market
Global Industrial Boiler Control Systems Market: Segmentation
- Based on type, the global industrial boiler control systems market can be divided into control elements and communication
- The control elements segment accounted for a leading share of the global industrial boiler control systems market in 2018. The segment is projected to continue its dominance throughout the forecast period.
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Asia Pacific to Lead Global Market for Industrial Boiler Control Systems
- In terms of region, the global industrial boiler control systems market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is likely to dominate the global market for industrial boiler control systems from 2019 to 2027, followed by EMEA and North America
- Rapid growth of the industrial sector in developing economies of Asia Pacific, such as China and India, has boosted the market in the region
Key Manufacturers Operating in Market
The global industrial boiler control systems market was moderately fragmented in 2018. Key manufacturers operating in the global market are:
- Honeywell International Inc.
- Robert Bosch GmbH
- Emerson Electric Co.
- Cleaver-Brooks, Inc.
- Fuji Electric Co., Ltd.
- Woodward, Inc.
- Schneider Electric SE
- Siemens AG