Market Overview:
The global thermal power 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. Thermal power boilers are used for the generation of electric power in a variety of applications, such as gas, coal, and biomass-fired plants. Based on type, the global thermal power boilers market is segmented into steam power generation, combined cycle power generation, and gas turbine power generation.
Product Definition:
Thermal power boilers are the devices that convert water into steam to produce thermal energy. Thermal power boilers are important because they provide a way to generate thermal energy, which can be used for a variety of purposes, including producing electricity.
Steam Power Generation:
Steam power generation is the conversion of thermal energy into mechanical energy by using boilers. The steam produced can be used directly in a turbine or it can be stored in a reservoir with the help of super heat and then used at a later stage to generate electricity. Steam turbines are widely used for electricity generation owing to their simple design, easy installation process and less operating cost as compared to other types of turbines such as gas turbine.
Combined Cycle Power Generation:
Combined cycle power generation is a method of using more than one cycle to generate electricity. It includes the steps of converting thermal energy into mechanical energy by heat engine and then convert that mechanical energy into electrical energy by means of generators. The most common form is the gas turbine combined with an electric generator, which is used in power plants for generating electricity.
Application Insights:
The global demand for the application segment was dominated by the coal power plant segment, which accounted for a share of over 50.0% in 2017. The growth of this application can be attributed to growing electricity demand across various countries and rapid industrialization along with increasing population in developing economies such as India and China. Furthermore, technological advancements have enabled gas turbines to produce more energy while using less fuel thereby lowering operating costs making it an attractive option compared to coal plants globally.
The combined cycle power generation type is expected register the fastest CAGR from 2018 to 2030 owing to its ability generate both steam and electricity simultaneously minimizing environmental impact along with being eco-friendly as compared other technologies used worldwide for generating electricity at present time.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrialization, which has led to an increase in power consumption. China is a major contributor towards Asia Pacific’s thermal power boiler market owing to increasing investments made by the Chinese government for energy-efficient technologies and infrastructure development.
The Middle East & Africa (MEA) regional market also held a significant share of global revenue in 2017, owing to large scale projects under implementation or planned across countries such as Saudi Arabia and UAE. For instance, Saudi Arabia plans on building 24 coal based units with a total capacity of 12 GW by 2030; these plants will have an annual average capacity factor of 32%. In addition, UAE aims at having 50 GW renewable energy based electricity generation system by 2020; this initiative is likely to drive demand for combined cycle power generation systems over the next eight years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Stringent environmental regulations for thermal power plants that encourage the use of more efficient boilers
- Rising prices of fossil fuels that make the use of renewable energy sources more economical
- Development of new technologies that improve the efficiency and performance of thermal power boilers
- Growing demand for district heating and cooling systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Power Boilers Market Research Report
By Type
Steam Power Generation, Combined Cycle Power Generation, Gas Turbine Power Generation
By Application
Gas Power Plant, Coal Power Plant, Others
By Companies
Sumitomo Heavy Industries, Ltd (SHI), Thyssenkrupp, Babcock & Wilcox Enterprises, General Electric, DONGFANG BOILER GROUP, AE&E Nanjing Boiler, BHEL, Cethar, Zhengzhou Boiler, Valmet, Mitsubishi, JFE ENGINEERING
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Power Boilers Market Report Segments:
The global Thermal Power Boilers market is segmented on the basis of:
Types
Steam Power Generation, Combined Cycle Power Generation, Gas Turbine Power Generation
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
Gas Power Plant, Coal Power Plant, Others
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:
- Sumitomo Heavy Industries, Ltd (SHI)
- Thyssenkrupp
- Babcock & Wilcox Enterprises
- General Electric
- DONGFANG BOILER GROUP
- AE&E Nanjing Boiler
- BHEL
- Cethar
- Zhengzhou Boiler
- Valmet
- Mitsubishi
- JFE ENGINEERING
Highlights of The Thermal Power 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:
- Steam Power Generation
- Combined Cycle Power Generation
- Gas Turbine Power Generation
- By Application:
- Gas Power Plant
- Coal Power Plant
- Others
- 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 Thermal Power 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Thermal power boilers are a type of boiler that uses thermal energy to produce steam. This steam is then used to turn turbines and generate electricity. Thermal power boilers are typically used in large industrial plants, such as steel mills, paper mills, and chemical plants.
Some of the key players operating in the thermal power boilers market are Sumitomo Heavy Industries, Ltd (SHI), Thyssenkrupp, Babcock & Wilcox Enterprises, General Electric, DONGFANG BOILER GROUP, AE&E Nanjing Boiler, BHEL, Cethar, Zhengzhou Boiler, Valmet, Mitsubishi, JFE ENGINEERING.
The thermal power 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 Thermal Power 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 Thermal Power Boilers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Power 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 Thermal Power 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 Thermal Power Boilers Market Size & Forecast, 2020-2028
4.5.1 Thermal Power Boilers Market Size and Y-o-Y Growth
4.5.2 Thermal Power 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 Steam Power Generation
5.2.2 Combined Cycle Power Generation
5.2.3 Gas Turbine Power Generation
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 Gas Power Plant
6.2.2 Coal Power Plant
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Power 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 Thermal Power 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 Steam Power Generation
9.6.2 Combined Cycle Power Generation
9.6.3 Gas Turbine Power Generation
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 Gas Power Plant
9.10.2 Coal Power Plant
9.10.3 Others
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 Steam Power Generation
10.6.2 Combined Cycle Power Generation
10.6.3 Gas Turbine Power Generation
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 Gas Power Plant
10.10.2 Coal Power Plant
10.10.3 Others
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 Steam Power Generation
11.6.2 Combined Cycle Power Generation
11.6.3 Gas Turbine Power Generation
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 Gas Power Plant
11.10.2 Coal Power Plant
11.10.3 Others
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 Steam Power Generation
12.6.2 Combined Cycle Power Generation
12.6.3 Gas Turbine Power Generation
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 Gas Power Plant
12.10.2 Coal Power Plant
12.10.3 Others
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 Steam Power Generation
13.6.2 Combined Cycle Power Generation
13.6.3 Gas Turbine Power Generation
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 Gas Power Plant
13.10.2 Coal Power Plant
13.10.3 Others
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 Thermal Power Boilers Market: Competitive Dashboard
14.2 Global Thermal Power Boilers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sumitomo Heavy Industries, Ltd (SHI)
14.3.2 Thyssenkrupp
14.3.3 Babcock & Wilcox Enterprises
14.3.4 General Electric
14.3.5 DONGFANG BOILER GROUP
14.3.6 AE&E Nanjing Boiler
14.3.7 BHEL
14.3.8 Cethar
14.3.9 Zhengzhou Boiler
14.3.10 Valmet
14.3.11 Mitsubishi
14.3.12 JFE ENGINEERING
