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Boiler Control - Global Market Trajectory & Analytics

  • ID: 4804714
  • Report
  • April 2021
  • Region: Global
  • 365 pages
  • Global Industry Analysts, Inc
Global Boiler Control Market to Reach $2.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Boiler Control estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at a CAGR of 5% over the period 2020-2027. Modulating, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On/Off segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $530.9 Million, While China is Forecast to Grow at 7.7% CAGR

The Boiler Control market in the U.S. is estimated at US$530.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$570.6 Million by the year 2027 trailing a CAGR of 7.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 41 Featured):
  • ABB Group
  • Burnham Commercial
  • Cleaver-Brooks, Inc.
  • Emerson Electric Co.
  • HBX Control Systems Inc.
  • Honeywell International, Inc.
  • Micromod Automation
  • Schneider Electric SE
  • Siemens AG
  • Spirax-Sarco Ltd.
  • Weil-Mclain
  • Yokogawa Electric Corporation
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Boiler Control Market to Register Moderate Growth
  • The Industrial segment to Occupy Largest Share
  • Exhibit 1: Market Size of the US Water Tube Based Industrial Boiler Market in USD Millions by Application: 2017 and 2024
  • Impact of Covid-19 and a Looming Global Recession
  • Increased Adoption of Internet of Things across Various Industries to Bode-Well for Market
  • Exhibit 2: Market Size (in Billion USD) of Internet of Things Application Market by Industry: 2014 and 2020
  • Diminishing Fossil Fuels Reserves, and Need for Higher Energy Efficiency to Spearhead Market Demand
  • Exhibit 3: Energy Reserves in Billion Tonnes: 2011-2081
  • New Product Introductions/ Innovations to Fuel Demand
  • A Glance into New Legislation
  • Product Overview

  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown