Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A10779 | Pages: NA | Charts: NA | Tables: NA |
A boiler is a closed vessel which is used to convert fluid, mainly water into steam. A boiler control system integrated into traditional boiler that optimizes the efficiency on the overall process. The boiler control systems are generally utilized in the industrial boilers where huge amount of energy is utilized for the boiling process. It offers several advantages such as eliminating the cost for the process cycle, improving the turn-down ratios and managing the energy more efficiently. It also plays a major role for enhancing the safety aspects of a boiler such as steam temperature regulation, pressure control, humidity control, and others. The boiler control consists of both hardware and software components such as actuator, controller, sensors, valves, pumps, and other software controlled systems.
COVID-19 scenario analysis:
One of the major factors responsible for the growth of boiler control market is its significant adoption in the power generation sector. With the rapid globalization and industrial development, there is a surge in demand for boiler control market. As a result, the power generation plants need to work at the highest potential to produce the required amount of electricity. Industrial boilers are one of the fundamental components of a power generation plant. It is highly needed to produce boiler control at large scales for enhancing the boiler efficiency to meet the demand of global power generation. This is why boiler control systems play a major role in the power generation sector in order to maximize the efficiency on while saving the cost of energy.
Moreover, growing environmental concerns about emissions from the power plants have also acted as a driver for the growing popularity of the boiler control systems in the market. Most of the governments are making attractive investments in different power generation projects such as the investment of the Indian government in the National Electric Plan in 2017. Such developments are expected to boost the growth of the market in near future. However, high cost of installation on these systems is projected to challenge the growth of this market.
The Asia Pacific region holds a significant share of the global boiler control market. Attributed to the rapid industrial development and increasing number of power plants, the demand for boiler control has surged among the emerging economies like China, India, and others. The market in Europe and North America is also expected to witness lucrative growth due to the growing power requirement and the increasing demand for efficient boiler control solutions among the developed nations such as the U.S., Switzerland, Australia, and others. This may create lucrative opportunities for the global boiler control market during the forecast period.
Key benefits of the report:
Key Market Segments
Key Market Players