Market Overview:
The global boilers, turbines and generators for power generation market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electricity across the globe and the need for efficient and reliable power generation equipment. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into power boilers, gas turbines, steam turbines, turbo generators, and heat recovery steam generators (HRSGs). The gas turbine segment is expected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This growth can be attributed to factors such as rising demand for natural gas-fired plants in developing countries due to their lower emissions as compared with coal-fired plants. On the basis of application, large power plant accounted for majority share in 2017 owing to high installation base across developed economies such as North America.
Product Definition:
A boiler is a closed vessel in which water or other fluid is heated. The heated fluid exits the boiler for use in generating steam, driving turbines, or providing heat.
Boilers are used in a variety of applications, including power generation, heating, and chemical processing.
Turbines are rotating machines that extract energy from a flowing fluid such as steam or gas to generate rotational mechanical power. Turbines can be used to drive electric generators to produce electricity or mechanical shaft power for industrial processes such as turning gears and pumps.
Generators are electrical machines that convert mechanical energy into electrical energy through the process of electromagnetic induction.
Power boilers:
Power boilers, it's usage and growth factor in Boilers, Turbines and Generators for Power generation market size was valued at USD 2.5 billion in 2015. The increasing demand for electricity coupled with the rapid industrialization is expected to drive the industry over the forecast period.
Gas turbines:
Gas turbines and it's usage in boilers, turbines and generators for power generation is expected to witness significant growth over the forecast period. The key drivers attributing to this growth include rapid industrialization across emerging economies such as India, China, Vietnam and South Korea. In addition, increasing government support owing to the energy crisis in the past decade is also a major driver for this market’s development. For instance; U.
Application Insights:
Large power plant application segment accounted for the largest share of over 70.0% in 2017 and is projected to witness significant growth over the forecast period. Increasing demand for electricity, coupled with growing population and industrialization, has been driving this application segment significantly.
The small power plant application segment is expected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing government initiatives on improving access to electricity in developing countries including India, China and Brazil which will result in increased boiler installations for generating electricity at smaller scales. Turbines are used as prime movers in hydroelectric plants as well as Small Power Stations (SPS).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of small power plants, which are being upgraded or newly constructed with modern power generation systems. This factor is anticipated to propel regional growth during the forecast period.
The growing industrial sector in emerging economies such as China and India coupled with favorable government policies aimed at promoting investments in various sectors including energy, transportation, etc., is anticipated to drive regional growth over the next eight years. Furthermore, increasing demand for electricity due to rapid urbanization and rising population will also contribute toward industry expansion over this period.
Europe accounted for more than 20% of revenue share in 2017 owing to high penetration levels of turbines across several countries including Germany, Italy.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of clean energy sources such as renewables and nuclear
- Rising concerns about climate change and air pollution, which is driving investment in renewable energy technologies
- Advances in technology that are making renewable energy sources more competitive with traditional fossil fuels
- Growing demand for electric vehicles, which will require increased generation capacity to meet rising power demands
Scope Of The Report
Report Attributes
Report Details
Report Title
Boilers, Turbines and Generators for Power Generation Market Research Report
By Type
Power boilers, Gas turbines, Steam turbines, Turbo generators, Heat recovery steam generators
By Application
Large Power Plant, Small Power Plant
By Companies
Siemens Gamesa, Alstom, IMPSA, GE, Sinovel, Suzlon, Vestas
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
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Boilers, Turbines and Generators for Power Generation Market Report Segments:
The global Boilers, Turbines and Generators for Power Generation 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
Large Power Plant, Small Power Plant
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:
- Siemens Gamesa
- Alstom
- IMPSA
- GE
- Sinovel
- Suzlon
- Vestas
Highlights of The Boilers, Turbines and Generators for Power Generation 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:
- Large Power Plant
- Small Power Plant
- 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 Boilers, Turbines and Generators for Power Generation 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?
A boiler is a device used to produce heat by burning fuel. A turbine is a machine that uses the energy of moving water or air to generate power. A generator converts mechanical energy into electrical energy.
Some of the major companies in the boilers, turbines and generators for power generation market are Siemens Gamesa, Alstom, IMPSA, GE, Sinovel, Suzlon, Vestas.
The boilers, turbines and generators for power generation market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boilers, Turbines and Generators for Power Generation 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 Boilers, Turbines and Generators for Power Generation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boilers, Turbines and Generators for Power Generation 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 Boilers, Turbines and Generators for Power Generation 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 Boilers, Turbines and Generators for Power Generation Market Size & Forecast, 2020-2028
4.5.1 Boilers, Turbines and Generators for Power Generation Market Size and Y-o-Y Growth
4.5.2 Boilers, Turbines and Generators for Power Generation 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 Large Power Plant
6.2.2 Small Power Plant
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boilers, Turbines and Generators for Power Generation 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 Boilers, Turbines and Generators for Power Generation 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 Large Power Plant
9.10.2 Small Power Plant
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 Large Power Plant
10.10.2 Small Power Plant
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 Large Power Plant
11.10.2 Small Power Plant
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 Large Power Plant
12.10.2 Small Power Plant
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 Large Power Plant
13.10.2 Small Power Plant
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 Boilers, Turbines and Generators for Power Generation Market: Competitive Dashboard
14.2 Global Boilers, Turbines and Generators for Power Generation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens Gamesa
14.3.2 Alstom
14.3.3 IMPSA
14.3.4 GE
14.3.5 Sinovel
14.3.6 Suzlon
14.3.7 Vestas
