Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
A boiler is a closed container in which fluid is heated mainly used in industrial plants. Boiler control is one of the highest-impact, lowest-cost solutions system for increasing boiler efficiency and safety features. Boiler controls reduces costly on-off cycles and improve turndown ratios, saves money and increases the life of boiler. It monitors the boiler operation and offers remote set point to the boiler. A boiler control comprises of hardware and software components such as controller, actuator, sensors, pumps, valves, Programmable Logic Controller (PLC), and Supervisory Control and Data Acquisition (SCADA) control system, and others. Boiler Control are used in various industries such as chemical, mining, power generation plants, and oil & gas to produce steam on a large scale.
Rising need for reducing carbon footprint and improving boiler efficiency by adopting artificial intelligence, strict regulations to limit GHG emissions, and integration of burner management system to enhance the boiler process are some of the factors driving the growth of Boiler Control Market. In addition, increasing investments in renewable power generation plants and requirement of replacing aging power plants in the developing economies are the boosting boilers control market. Asia Pacific is expected to have largest share in Boiler Control market. This growth of the market in the region is attributed to the enormous investments made in power generation and process industries.
The global COVID-19 pandemic has badly hit many economies around the globe. It has affected lives and businesses worldwide. Due to worldwide lockdown various sectors and industries are facing challenges during this pandemic and it has impacted badly in boiler control market as well. Inspection visits to industrial plants for boilers are impacted as travel restrictions are implemented for COVID-19 pandemic and exposure concerns between inspectors and site staff. Industrial sites are being shut down due to this pandemic. Thus, covid-19 is expected to hamper the growth of boiler control market.
The global Boiler Control market is studied for the key regions such as North America, Europe, Asia Pacific and Rest of the World. North America region comprises of U.S., Canada and Mexico. Whereas Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa. Asia Pacific is expected to account for the largest market share in the market during the forecast period. This growth of the market in the region can be attributed to the enormous investments made in power generation and process industries and increasing population in the region.
The report analyses the global Boiler Control Market based on type, control type, by component, end user, and geography. The Boiler Control Market is broadly segmented on the basis of type as Water Tube Boiler and Fire tube Boiler. Based on control type it is classified as On/Off Control and Modulating Control. By component it is classified as Hardware and Software. End-user studied in the report are Industrial and Commercial.
The key companies in the Boiler Control market are ABB, Siemens, Emerson, Yokogawa, Schneider, Honeywell International, Cleaver-Brooks, Spirax Sarco, HBX Control Systems, Burnham Commercial, Micromod Automation, and Weil-Mclain.
The report analyses the global boiler control market based on type, control type, component, end user, and geography. The boiler control market is broadly segmented on the basis of type as Water Tube Boiler and Fire tube Boiler. Based on control type it is classified as On/Off Control and Modulating Control. By component it is classified as Hardware and Software. End-user studied in the report are Industrial and Commercial.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. While, Europe covers UK, France, Germany, Italy, Spain. Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world comprise Latin America and Middle East & Africa.
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