Boiler Control Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3491
Boiler Control Market size will witness growth on account of rising demand for energy efficient control systems subject to ongoing development of manufacturing facilities. Growing system losses along with need for boiler efficiency improvement will boost the product deployment. Moreover, enhanced protection capability driven by user friendly monitoring will further augment the industry growth.
Stringent regulations to curtail GHG emissions coupled with need for energy saving control systems will drive the boiler control market. Favorable policies for replacing aging power plants fueled by significant investments from government & private entities will positively influence the business scenario. Furthermore, integration of artificial intelligence technology across the boiler control systems will stimulate the industry landscape.
Increasing demand for boiler process optimization with reference to declining fuel reserves will augment the technological adoption. Ongoing measures for deployment of these units in conventional power plants have resulted in reduction of overall cost. Rapidly expanding power generation capacities in association with growing need for efficient control technologies will complement the boiler control market.
Rising technological investments with reference to shifting focus toward renewable power generation systems have been restraining the industry growth. However, low maintenance cost, optimal fuel consumption coupled with minimized labor requirement will further energize the boiler control market. In addition initiatives towards maximum energy utilization will strengthen the industry potential.
Rapid expansion of industrial peripherals along with increasing measures toward energy optimization will enhance the business potential. Growing investments for sustainable technologies including solar & wind have resulted in decreasing utilization of boilers. Moreover, escalating demand for capacity expansion and effective implementation of guide3lines & regulations will stimulate the boiler control market.
On/Off control systems market will witness growth on account of minimal cycling losses coupled with measures focusing towards improving system efficiency will strengthen the product penetration. Ability of these systems to integrate burner management systems along with capability to withstand high steam and water pressure will strengthen the overall boiler control market.
Modulating control systems are set to grow on account of high combustion efficiency in association with enhanced safety conditions. Lack of standard protocols is the primary factory restricting the technological deployment of boiler control market. However, increasing measures toward energy conservation in line with improved safety conditions will positively influence the business growth.
Low production cost and ability to achieve high gross efficiency are the key factors that will drives the combustion control systems. In addition, longer operating life, enhanced reliability, continuous monitoring coupled with technological advancements will stimulate the boiler control market growth. Rapid industrialization in developing countries favoured by accelerated investments will favor the business dynamics.
Prominent players operating in boiler control market include Siemens AG, HBX Control Systems Inc., ABB Ltd, Schneider Electric, Yokogwa Electric Corporation, Cleaver- Brooks Inc., Weil-McLain Inc., Spirax-Sarco Inc., Honeywell, Burnham Commercial, Emerson Electric Co. and others.
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