Boiler Control Market to exceed $2.42 Billion by 2023

1. Boiler Control Marketto exceed $2.42 Billion by 2023 According to the new market research report "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", published by MarketsandMarkets™, The boiler control market is estimated to reach a market size of USD 1.80 billion in 2018 and is projected to reach USD 2.42 billion, at a CAGR of 6.09%, from 2018 to 2023. Increasing need for minimizing carbon footprint and improving boiler efficiency through the implementation of artificial intelligence, increasing investments in renewable power generation plants, integration of burner management system for optimization of the boiler process, and need for replacing aging power plants in the developing regions of Asia Pacific and the Middle East & Africa are the driving factors of the boiler control market. Browse 71 market data Tables and 31 Figures spread through 122 Pages and in-depth TOC on "Boiler Control Market” Early buyers will receive 10% customization on reports. The industry segment is a key segment of the boiler control market, by end-user, from 2018 to 2023. The market for this segment is driven by increasing investments in process industries such as food & beverage, manufacturing, paper & pulp, and pharmaceutical because of the rising urbanization and growing population in regions such as Asia Pacific and the Middle East. Need for upgrading the aging power plants is leading to the increased demand for efficient control systems. Boiler control system helps to save the energy losses coupled with increase in the share of clean energy sources, such as solar power, is likely to would significantly boost the demand for boiler control solutions worldwide. Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=246150295 The water tube boiler control market segment is expected to grow at the fastest rate from 2018 to 2023. This is due to various factors, including high efficiency and more implementation of water tube boilers in the industrial sector. Moreover, water tube boilers provide high operating pressure for steam generation with modulating control function being used in large power plants. Improved efficiency through thinner tube materials that allow rapid steam raising and faster heat transfers are the major factors for higher number of boiler control systems being installed along with the water tube boilers. The boiler control market has been segmented, by region, into Asia Pacific, Europe, North America, Middle East, Africa, and South America. Asia Pacific is projected to grow at the fastest rate, from 2018 to 2023, followed by North America and Europe. Countries such as China and Japan are the largest markets in Asia Pacific and have increased their investments in the power generation sector in the recent past. China accounted for the maximum share in the market in Asia Pacific in 2017 and is projected to grow at the highest CAGR from

2. 2018 to 2023. Growing urbanization and need for reduction of carbon emission to meet air quality standards are the major factors impacting the growth of the boiler control market in this region. Request Sample Copy @https://www.marketsandmarkets.com/requestsampleNew.asp?id=246150295 The boiler control market is dominated by major players that are established brand names with a wide regional presence, along with many local and regional players in emerging economies. The leading players in the boiler control industry include Siemens (Germany), ABB (Switzerland), Cleaver Brooks (US), Emerson (US), and Yokogawa (Japan). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com