Boiler Control Market worth 2.42 billion USD by 2023
The global boiler control market was valued at USD 1.71 billion in 2017; it is projected to reach USD 2.42 billion by 2023, at a CAGR of 6.09%, during the forecast period. 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.
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