Global Boiler Control market was valued US$ 2.16 Bn in 2022 and is expected to reach US$ 3.35 Bn by 2029, at a CAGR of 6.49% during a forecast period.
Market Overview:
The Global Boiler Control market analysis offers a comprehensive view of competition, encompassing market share and profiles of key competitors worldwide. This research delves into the Global Boiler Control Market thoroughly, examining the factors contributing to its growth variances across different regions.
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Market Scope:
This report extensively utilizes secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other relevant databases, to gather pertinent data for the study.
Drivers:
Increasing demand for boiler control in power generation sector because of the increased power generation capacities, is a major factor expected to drive growth of the global boiler control market over the forecast period. In addition, rising preference of boiler control due to its efficiency and reduced production costs, is another factor anticipated to fuel growth of the market in the forecast years. Moreover, increasing adoption of industrial IoT for real-time decision-making is a factor expected to create a productive opportunity for growth of the global boiler control market over the forecast period. However, high upgrading cost of aging power plants and lack of standardization of protocols are among the factors which may hamper demand for boiler control and restrain growth of the global boiler control market over the forecast period.
Segmentation:
by Type
Water tube boiler
Fire tube boiler
Others
by Control Type
Modulating control
On/Off control
Others
by Component
Hardware
Software
Others
by End-User
Industrial
Commercial
Others
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Key Players: After assessing the overall market size, segmentation into various segments and sub-segments was conducted and validated by industry experts like CEOs, VPs, directors, and marketing executives. The major players in the Global Boiler Control market include:
• Archer Daniels Midland Company
• Royal DSM N.V.
• Kerry Group PLC
• FMC Corporation
• International Flavours & Fragrances Inc.
• Symrise AG
• Sensient Technologies Corporation
• Takasago International Corporation
• Givaudan SA
• Chr. Hansen Holding A/S.
• International Firmenich
• Frutarom
• MANE
• T.Hasegawa and Robertet.
• Bell Flavors and Fragrances (US)
• Flavorchem (US)
• Keva Flavours (India)
• Huabao Flavors & Fragrances (Singapore)
• Tate & Lyle (UK)
• Robertet (France)
• McCormick & Company (US)
• Wanxiang International (China)
• Treatt (UK)
• China Flavors and Fragrances (China)
• Lucta (Spain)
• Solvay (Belgium)
Regional Analysis:
The geographical overview of the Global Boiler Control market incorporates individual market influencers, changes in market regulations, and their impact on current and future market trends. Analysis of current and emerging trends is conducted to evaluate the overall market potential and identify profitable trends. Geographical market assessment is based on current conditions and expected developments.
COVID-19 Impact Analysis on Global Boiler Control Market: The COVID-19 pandemic caused disruptions in operations, resulting in decreased growth in end-user sectors utilizing Global Boiler Control, notably in countries like China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India from January to May. This downturn significantly impacted the revenues of firms in these industries and consequently affected the demand for Global Boiler Control manufacturers, influencing the development of the Global Boiler Control market in 2020. Lockdowns and the surge in COVID-19 cases worldwide led to a considerable decline in end-user demand for Global Boiler Control.
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Key Questions Addressed in the Global Boiler Control Market Report:
- Which segment held the largest share in the Global Boiler Control market in 2021?
- What does the competitive landscape of the Global Boiler Control market look like?
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