Boiler Control Solutions Market: Overview

A boiler or a steam generator is a closed vessel in which fluid, usually water, is heated. A boiler is utilized to heat and produce hot water or steam through the combustion of a fuel or through the action of electrodes or electric resistance elements. Many commercial and industrial facilities use boilers to produce steam or hot water for space heating or for process heating. Boilers require large amounts of energy, and any operation staff involved in a facility’s energy management needs to know how a boiler works for its maintenance or improving minimize breakdown. Furthermore, it is important to know what key parameters of a boiler system are important. Combustion efficiency is a major parameter of interest for fossil fuel-fired boilers. Combustion efficiency is often controlled by providing the optimum amount of combustion air that is mixed with the fuel. Thus, understanding boiler control systems is pivotal. Steam and hot water boilers are available in standard sizes from very small boilers for apartments and residences to large boilers for commercial and industrial use.

Integrating a boiler control system in traditional operational boilers is utilized to maximize boiler’s overall efficiency. Boiler controls eliminate costly on-off cycles and improve turndown ratios, saving operational expenditure and increasing the life of the boiler. Growing need for operational optimization and usage of efficient control solutions is expected to drive the boiler controls solutions market in the next few years. Higher investment costs as compared to that of a traditional boiler setup is a major restraint of the boiler control solutions market.

Boiler Control Solutions Market: Key Segmentation

The global boiler control solutions market can be segmented based on type, application, control solution, component, and region. In terms of type, the boiler control solutions market can be bifurcated into fire-tube boilers and water-tube boilers. Based on application, the boiler control solutions market can be divided into industrial and commercial. In terms of control solution, the market can be segregated into (on/off) cycling controls, high/low fire controls, and modulating controls. Cycling control maintains the temperature of the boiler. It is placed between the thermostat and the gas valve unit. The oil or gas burner cycles on and off to maintain steam pressure or water temperature. High-fire/low-fire burners provide fewer off-cycle losses, as the burner shuts off only when loads are below the low-fire rate of fuel input. Modulating control is used in large boilers as it has the ability to adjust the output to match the load whenever the load is greater than the low-fire limit, which is usually not less than 15% of the full load capacity. In terms of component, the boiler control solutions market can be categorized into hardware, software, and services. Combination of hardware and software is referred as services. Several companies involved in boiler controls offer these optimized services to the end-user industries i.e. a mix of software and hardware solutions.

Boiler Control Solutions Market: Regional Outlook

Based on region, the global boiler control solutions market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe and North America dominate the global boiler control solutions market. China holds a major share of the boiler control solution market on Asia Pacific. North America is a mature region of the boiler control solutions market. Therefore, the boiler control solutions market in the region is likely to expand at a low to moderate pace during the forecast period. Growing demand for renewable-based power generation is expected to boost the demand for boiler controls solutions in in Europe, especially in Russia & CIS, Germany, the U.K., and Italy.

Boiler Control Solutions Market: Key Players

Key players operating in the global boiler control solutions market include Honeywell, ABB Ltd., Siemens AG, Schneider Electric, and Emerson Electric Co.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Boiler Control Solutions Market

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