Global $2.42 Bn Boiler Control Market by Boiler Type, Control Type, Component, End-User and Region – Forecast to 2023 – ResearchAndMarkets.com

The “Boiler
Control Market by Boiler Type (Water tube boiler and Fire tube boiler),
Control Type (Modulating control and On/Off control), Component
(Hardware and Software), End-User (Industrial and Commercial), and
Region – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s
offering.

The boiler control market is projected to grow from an estimated USD 1.8
billion in 2018 to USD 2.42 billion by 2023, at a CAGR of 6.09%, from
2018 to 2023.

Increasing investments in the digital technologies in power plants
globally, increased adoption of Industrial Internet of Things for
real-time decision-making, and growing focus on energy saving control
systems to reduce carbon emissions are driving the market for boiler
control systems across the world. High upgrading cost of aging power
plants is likely to act as a restraint for the boiler control market.

The modulating segment is expected to be the largest, by control type,
from 2018 to 2023. The factors driving the market for boiler control
systems with a modulating type of control include vast implementation of
boiler control systems with modulating control in large power plants in
the power generation industry, along with low energy losses resulting in
larger market share during the forecast period.

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Boiler Control Market, By Boiler Type

7 Boiler Control Market, By Control Type

8 Boiler Control Market, By Component

9 Boiler Control Market, By End-User

10 Boiler Control Market, By Region

11 Competitive Landscape

12 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/rmgz58/global_2_42_bn?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005661/en/

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