Market Overview:
The global power plant boilers 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 and rising concerns over climate change. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into pulverized fuel boilers and circulation fluidized bed boilers. Pulverized fuel boilers are further sub-segmented into stoker fired boiler and grate fired boiler while circulation fluidized bed boilers are further sub-segmented into bubbling fluidized bed boiler (BFB) and circulating fluidized bed boiler (CFB). On the basis of application, coal-fired power plants account for majority share in terms of revenue in 2017 followed by gas-fired power plants and oil-fired power plants respectively. However, gas-fired power plant is expected to witness highest CAGR during forecast period due to stringent environmental regulations imposed by governments across globe coupled with growing preference for natural gas as an energy source over other conventional fuels such as coal & oil .
Product Definition:
A power plant boiler is a large, industrial boiler used to produce steam by heating water. The steam produced is then used to turn a turbine and generate electricity. Power plant boilers are an important part of the electric power generation process and play a critical role in the production of electricity.
Pulverized Fuel:
Pulverized fuel is a mixture of solid particles and liquid carriers, which are used in power plant boilers for the generation of steam. The boiler is an equipment that helps to convert the heat energy from feedstock (fuel) into super-heated vapor, which can then be used to generate electricity. Pulverized fuel consists of solid particles such as coal, lignite or even heavy oil along with liquid carriers such as water or slurry.
Circulation Fluidized Bed:
Circulation fluidized bed (CFB) is a type of combustion process used in thermal power plants. In this process, fuel and oxidizer are mixed and then dropped into the furnace through a hopper. The resulting mixture is spread out in a pool of liquid which acts as an oxidizing agent. Fuel-to-oxidizer mixtures are called feedstock whereas mixtures of oxidizer and air are referred to as flue gas.
Application Insights:
The global power plant boilers market has been segmented on the basis of application into coal, gas and oil. The coal application segment dominated the overall market in terms of revenue share in 2017. This is attributed to an increase in demand for low-cost labor markets and growing investments by governments to support economic growth.
Coal was the largest contributor to greenhouse gasses along with natural gas during the year 2016-17 as they are largely used for generating electricity through combustion turbines at power plants. However, a shift towards cleaner sources of energy such as solar and wind is expected to reduce greenhouse gases over time which may result in lower demand for boilers over time.
Regional Analysis:
Asia Pacific power plant boilers market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing demand for power plants in China and India. The growing industrialization, coupled with the need for reliable energy supply, is likely to drive regional growth over the forecast period.
The U.S., which was leading in North America region, has witnessed a decline in its manufacturing sector post-recession due to shifting preference towards emerging economies with low labor costs and easy availability of skilled workforce along with favorable business environment resulting into a decline of manufacturing activities within the country thus affecting industry growth negatively since 2012 however; recovery is still ongoing within this region as several manufacturers have shifted their production facilities outside U.S., thereby creating opportunities for new entrants operating through domestic as well as international markets offering products & services accordingto their specific needs & requirements thus boosting regional growth prospects over next eight years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Stringent environmental regulations for power plants that use boilers as a source of energy
- Development of more efficient and environmentally friendly boiler technologies
- Growing demand for steam and hot water in various industries
- Replacement of aging boiler infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Plant Boilers Market Research Report
By Type
Pulverized Fuel, Circulation Fluidized Bed
By Application
Coal, Gas, Oil
By Companies
GE Power, Ansaldo S.P.A, AMEC Foster Wheeler, Bharat Heavy Electricals Ltd, Babcock & Wilcox Enterprises, Inc., Dongfang Electric Corporation Ltd., Doosan Heavy Industries & Construction, Harbin Electric Company, IHI Corporation, Mitsubishi Hitachi Power Sytems Ltd., Siemens AG, Thermax Ltd.
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Power Plant Boilers Market Report Segments:
The global Power Plant Boilers market is segmented on the basis of:
Types
Pulverized Fuel, Circulation Fluidized Bed
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
Coal, Gas, Oil
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:
- GE Power
- Ansaldo S.P.A
- AMEC Foster Wheeler
- Bharat Heavy Electricals Ltd
- Babcock & Wilcox Enterprises, Inc.
- Dongfang Electric Corporation Ltd.
- Doosan Heavy Industries & Construction
- Harbin Electric Company
- IHI Corporation
- Mitsubishi Hitachi Power Sytems Ltd.
- Siemens AG
- Thermax Ltd.
Highlights of The Power Plant Boilers 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:
- Pulverized Fuel
- Circulation Fluidized Bed
- By Application:
- Coal
- Gas
- Oil
- 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 Power Plant Boilers 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 power plant boiler is a large, central heating and cooling system used to produce steam or hot water for use in industrial processes. Boilers are typically composed of several individual boilers that work together to create the desired output temperature.
Some of the key players operating in the power plant boilers market are GE Power, Ansaldo S.P.A, AMEC Foster Wheeler, Bharat Heavy Electricals Ltd, Babcock & Wilcox Enterprises, Inc., Dongfang Electric Corporation Ltd., Doosan Heavy Industries & Construction, Harbin Electric Company, IHI Corporation, Mitsubishi Hitachi Power Sytems Ltd., Siemens AG, Thermax Ltd..
The power plant boilers 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 Power Plant Boilers 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 Power Plant Boilers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Plant Boilers 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 Power Plant Boilers 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 Power Plant Boilers Market Size & Forecast, 2020-2028
4.5.1 Power Plant Boilers Market Size and Y-o-Y Growth
4.5.2 Power Plant Boilers 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 Pulverized Fuel
5.2.2 Circulation Fluidized Bed
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 Coal
6.2.2 Gas
6.2.3 Oil
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Plant Boilers 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 Power Plant Boilers 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 Pulverized Fuel
9.6.2 Circulation Fluidized Bed
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 Coal
9.10.2 Gas
9.10.3 Oil
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 Pulverized Fuel
10.6.2 Circulation Fluidized Bed
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 Coal
10.10.2 Gas
10.10.3 Oil
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 Pulverized Fuel
11.6.2 Circulation Fluidized Bed
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 Coal
11.10.2 Gas
11.10.3 Oil
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 Pulverized Fuel
12.6.2 Circulation Fluidized Bed
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 Coal
12.10.2 Gas
12.10.3 Oil
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 Pulverized Fuel
13.6.2 Circulation Fluidized Bed
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 Coal
13.10.2 Gas
13.10.3 Oil
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 Power Plant Boilers Market: Competitive Dashboard
14.2 Global Power Plant Boilers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Power
14.3.2 Ansaldo S.P.A
14.3.3 AMEC Foster Wheeler
14.3.4 Bharat Heavy Electricals Ltd
14.3.5 Babcock & Wilcox Enterprises, Inc.
14.3.6 Dongfang Electric Corporation Ltd.
14.3.7 Doosan Heavy Industries & Construction
14.3.8 Harbin Electric Company
14.3.9 IHI Corporation
14.3.10 Mitsubishi Hitachi Power Sytems Ltd.
14.3.11 Siemens AG
14.3.12 Thermax Ltd.
