Sunday 27 December 2020

Industrial Boiler Control Systems Market Outlook to 2027

 

  • Industrial boiler control systems are frequently upgraded with new and advanced technologies and development of software in order to improve their functioning and productivity
  • Incorporation of automation in industrial boiler plants helps in observing, maintaining, and controlling the functionality of the plant from a remote location
  • Most boilers are not operated at their full capacity in a multi-boiler facility, due to various factors such as peak demand, load variations, and redundancies such as breakdowns
  • The productivity of a boiler lowers when it functions at part load, owing to diminished combustion efficiency, radiation losses, and frequent burner trips resulting in boiler shutdowns
  • Boilers consume a lot of energy. Thus, loss of efficiency of boilers can be unprofitable for a company. This factor has prompted companies to operate a base number of boilers at peak load in a multi-boiler facility.
  • This can be accomplished by utilizing a sequence control system that would ensure boilers are fired in a controlled manner by averting regular over firing.

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Global Industrial Boiler Control Systems Market: Dynamics

  • Rising demand for boiler sequence control systems acts as a driving factor for the global industrial boiler control systems market
  • Moreover, increasing demand for online control of industrial boilers for energy management is expected to drive the global market in the next few years
  • In addition, growing popularity of burner management systems (BMSs) has boosted the global industrial boiler control systems market
  • However, rising demand for natural gas and renewable energy acts as a key factor restraining the global industrial boiler control systems market

Global Industrial Boiler Control Systems Market: Segmentation

  • Based on type, the global industrial boiler control systems market can be divided into control elements and communication
  • The control elements segment accounted for a leading share of the global industrial boiler control systems market in 2018. The segment is projected to continue its dominance throughout the forecast period.

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Asia Pacific to Lead Global Market for Industrial Boiler Control Systems

  • In terms of region, the global industrial boiler control systems market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is likely to dominate the global market for industrial boiler control systems from 2019 to 2027, followed by EMEA and North America
  • Rapid growth of the industrial sector in developing economies of Asia Pacific, such as China and India, has boosted the market in the region.

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