Market Overview:
The global boiler turbine generator equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electricity and the need for efficient and reliable power generation equipment. The market is segmented by type, application, and region. By type, the market is divided into power boilers, gas turbines, steam turbines, turbo generators, and heat recovery steam generators (HRSGs). The power boiler segment accounted for the largest share of the global boiler turbine generator equipment market in 2017 owing to its high efficiency and reliability. By application, the oil power plants segment held a major share of the global boiler turbine generator equipment market in 2017 due to rising demand for electricity from developing countries such as China and India.
Product Definition:
A boiler turbine generator is a type of steam turbine that is used to generate electricity. It consists of a boiler, which produces the steam, and a turbine-generator, which converts the steam into electricity. The importance of boiler turbine generators is that they are an efficient way to produce electricity from steam.
Power Boilers:
Power boilers, also called as power turbines are used to convert the energy from one form to another. The process may sound simple but there is a lot of technology involved in it. Power boilers or turbines work on the basis of steam and hot water circulation within the vessel which ultimately drives an electric generator producing electricity.
The boiler has two major functions, namely heat transfer and generating electricity through a turbine at its outlet.
Gas Turbines:
Gas turbines are combustion engines that convert the energy from a fuel into useful mechanical work. They are primarily used for power generation, but have other applications as well. The mechanical work can be used for producing electricity or it can be converted into thermal energy to heat water or air which is then used to drive an engine to produce steam.
The gas turbine acts as an internal combustion engine.
Application Insights:
The oil power plants application segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. The increasing demand for boiler turbines, owing to their ability to generate power with low carbon emissions is expected to drive product demand in this application segment.
Coal-fired boilers are widely used across various industries including steel manufacturing and power generation as they provide high thermal efficiency along with low operating costs. Thus, these generators find applications in coal-based electricity production sectors such as China, India & South Korea where there is a huge requirement of electricity supply due to rapid industrialization and population growth. UPS Boiler Generator sets are also used extensively across commercial buildings especially hospitals as they offer reliable backup service during electrical outages or emergencies.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant increase in demand for power boiler turbine generator sets, which can be attributed to rapid industrialization and urbanization. China is projected to remain a key consumer of these products owing to its large-scale adoption of boilers for industrial applications along with growing electricity generation from renewable sources such as wind and solar energy.
The Middle East & Africa region accounted for over 10% of the total revenue share in 2017 on account of rising oil production across major economies including Saudi Arabia, UAE, Iran, Nigeria among others. In addition Boiler Turbine Generator Equipment Market in this region is expected witness high growth rate due to increasing demand from oil & gas industry coupled with government support towards development/upgrade projects especially related with power generation capacity addition at domestic level which will drive regional market further.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives for installation of Boiler Turbine Generator Equipment in thermal power plants
- Technological advancements in Boiler Turbine Generator Equipment that improve efficiency and reduce emissions
- Rising prices of fossil fuels that increase the cost-effectiveness of renewable energy sources like biomass and solar energy
- Growing awareness about the benefits of using Boiler Turbine Generator Equipment among consumers and businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Boiler Turbine Generator Equipment Market Research Report
By Type
Power Boilers, Gas Turbines, Steam Turbines, Turbo Generators, Heat Recovery Steam Generators
By Application
Oil Power Plants, Coal Power Plants
By Companies
General Electric, Atlas Copco, Vestas, Enercon, Caterpillar, ABB Group, Bosch, Ingersoll Rand, Kirloskar, General Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Boiler Turbine Generator Equipment Market Report Segments:
The global Boiler Turbine Generator Equipment market is segmented on the basis of:
Types
Power Boilers, Gas Turbines, Steam Turbines, Turbo Generators, Heat Recovery Steam Generators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Power Plants, Coal Power Plants
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric
- Atlas Copco
- Vestas
- Enercon
- Caterpillar
- ABB Group
- Bosch
- Ingersoll Rand
- Kirloskar
- General Electric
Highlights of The Boiler Turbine Generator Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Power Boilers
- Gas Turbines
- Steam Turbines
- Turbo Generators
- Heat Recovery Steam Generators
- By Application:
- Oil Power Plants
- Coal Power Plants
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Boiler Turbine Generator Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Boiler turbine generator equipment is a type of electric power generation equipment that uses the heat energy from a boiler to create electricity. The steam produced by the boiler is used to spin an electric generator, which produces electricity.
Some of the major players in the boiler turbine generator equipment market are General Electric, Atlas Copco, Vestas, Enercon, Caterpillar, ABB Group, Bosch, Ingersoll Rand, Kirloskar, General Electric.
The boiler turbine generator equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boiler Turbine Generator Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Boiler Turbine Generator Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boiler Turbine Generator Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Boiler Turbine Generator Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Boiler Turbine Generator Equipment Market Size & Forecast, 2020-2028
4.5.1 Boiler Turbine Generator Equipment Market Size and Y-o-Y Growth
4.5.2 Boiler Turbine Generator Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Power Boilers
5.2.2 Gas Turbines
5.2.3 Steam Turbines
5.2.4 Turbo Generators
5.2.5 Heat Recovery Steam Generators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil Power Plants
6.2.2 Coal Power Plants
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boiler Turbine Generator Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Boiler Turbine Generator Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Power Boilers
9.6.2 Gas Turbines
9.6.3 Steam Turbines
9.6.4 Turbo Generators
9.6.5 Heat Recovery Steam Generators
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil Power Plants
9.10.2 Coal Power Plants
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Power Boilers
10.6.2 Gas Turbines
10.6.3 Steam Turbines
10.6.4 Turbo Generators
10.6.5 Heat Recovery Steam Generators
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil Power Plants
10.10.2 Coal Power Plants
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Power Boilers
11.6.2 Gas Turbines
11.6.3 Steam Turbines
11.6.4 Turbo Generators
11.6.5 Heat Recovery Steam Generators
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil Power Plants
11.10.2 Coal Power Plants
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Power Boilers
12.6.2 Gas Turbines
12.6.3 Steam Turbines
12.6.4 Turbo Generators
12.6.5 Heat Recovery Steam Generators
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil Power Plants
12.10.2 Coal Power Plants
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Power Boilers
13.6.2 Gas Turbines
13.6.3 Steam Turbines
13.6.4 Turbo Generators
13.6.5 Heat Recovery Steam Generators
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil Power Plants
13.10.2 Coal Power Plants
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Boiler Turbine Generator Equipment Market: Competitive Dashboard
14.2 Global Boiler Turbine Generator Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 Atlas Copco
14.3.3 Vestas
14.3.4 Enercon
14.3.5 Caterpillar
14.3.6 ABB Group
14.3.7 Bosch
14.3.8 Ingersoll Rand
14.3.9 Kirloskar
14.3.10 General Electric
