Global Industrial Boiler Control Systems Market 2018-2022| Incorporation of Cybersecurity Features Drives Growth| Technavio
LONDON--(BUSINESS WIRE)--Oct 8, 2018--Technavio’s global industrial boiler control systems market research report forecasts the market to grow at a CAGR of almost 7% during the forecast period.
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Technavio has published a new market research report on the global industrial boiler control systems market for the period 2018-2022. (Graphic: Business Wire)
The incorporation of cybersecurity features in industrial boiler control systems will be one of the major trends in the during 2018-2022. Industrial boiler control systems are regularly updated with new technologies and software to improve their functionality and productivity. The automation of an industrial boiler plant helps in monitoring and controlling the plant from a remote location.
According to Technavio analysts, one of the key drivers for the global industrial boiler control systems market is the increasing demand for boiler sequence control systems:
Global industrial boiler control systems market: Increasing demand for boiler sequence control systems
Most of the boilers are not operated at their full capacity in a multi-boiler facility due to factors such as load variations, peak demand, and redundancies such as breakdowns. The efficiency of a boiler decreases when it functions at part load because of radiation losses, decreased combustion efficiency, and frequent burner trip resulting in boiler shutdown.
According to a senior research analyst at Technavio, “Boilers consume half of the primary energy in an industry. Therefore, the losses in efficiency can be very costly for an industry. This has led to an increase in the focus on operating a minimum number of boilers at peak load in a multi-boiler facility. This can be achieved by using a sequence control system that ensures that the boilers are fired in a controlled manner by preventing frequent over firing.”
Global industrial boiler control systems market: Segmentation analysis
The global industrial boiler control systems market analysis report provides market segmentation by product (control elements and communication) and by region (the Americas, APAC, and EMEA). This industrial boiler control systems market forecast report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the control elements segment held the largest industrial boiler control systems market share in 2017, contributing to nearly 87% of the market. This product segment will dominate the global market throughout the forecast period.
APAC held the largest share of the market in 2017, accounting for close to 38% share. It was followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: BUILDING SYSTEMS TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE SOFTWARE SECURITY CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Technavio Research
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PUB: 10/08/2018 01:02 PM/DISC: 10/08/2018 01:02 PM