Market Overview:
The global power station boiler 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 coal-fired boiler segment dominates the global power station boiler market with a share of more than 50%. This can be attributed to its low cost as compared to other types of boilers and high efficiency levels. However, gas-fired boilers are expected to grow at a higher CAGR during the forecast period as they are more environment-friendly and have lower emissions than other types of boilers.
Product Definition:
A power station boiler is a large and complex piece of equipment that is used to produce steam for electricity generation. The importance of a power station boiler cannot be overstated, as it provides the necessary heat and pressure to turn water into steam, which then drives the turbines that generate electricity.
Coal - Fired Boiler:
Coal-fired boiler is a type of boiler used to generate steam which drives the turbines and power the plant. The heat source in such boilers can be either fuel or fossil fuels (bitumen, coal, peat). In order to function properly a coal-fired boiler requires an adequate supply of clean water for cooling and maintenance purposes.
Oil - Fired Boiler:
An oil-fired boiler is a type of boiler used to generate steam for power generation. The heat source can be petroleum, natural gas or even coal. Oil-fired boilers are generally used in situations where it is not cost effective to use natural gas fired boilers or where the feedstock cannot be directly utilized (as in the case of waste oils).
Application Insights:
The power generation segment dominated the global power station boiler market in 2017 and is expected to witness a CAGR of XX% over the forecast period. Increasing demand for coal, which is one of the costliest fuels, has resulted in an increased use of boilers across various applications such as municipal solid waste incineration and cement production.
In terms of capacity addition, Asia Pacific will continue to dominate the industry with regard to new project developments coupled with strong government support for promoting industrialization and infrastructure development across various sectors including energy. The region is also home to several large population centers that require electricity for urbanization and industrial growth along with providing access to modern amenities thus driving demand from electric utilities companies within countries such as China Japan India & Australia among others globally.
Regional Analysis:
Asia Pacific power station boiler market is expected to witness significant growth over the forecast period owing to increasing demand for electricity in countries, such as China and India. In addition, growing industrialization coupled with rapid urbanization in emerging economies of Asia Pacific region is anticipated to boost the product demand.
China dominated the APAC power station boiler market and accounted for a revenue share of more than 45% in 2017 on account of large scale investments made by government towards development of thermal power stations. For instance, according to IEEFA, as per their annual ranking released in 2018 China has planned around 1 GW worth coal-based supercritical projects which are expected to be operational by 2020/21 timeframe. This factor is projected to have a positive impact on industry growth over the next eight years until 2030.
Europe was estimated at USD X million in 2017 and is anticipated grow at an exponential CAGR from 2018 till 2030 due high carbon emissions resulting from burning fossil fuels like coal.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Stringent environmental regulations for power plants that use traditional fuels such as coal
- Rising prices of traditional fuels such as coal, which makes the installation of a power station boiler more economical
- Development of new technologies that improve the efficiency and reduce the emissions of power station boilers
- Growing popularity of combined heat and power systems, which increase the overall efficiency of a power plant
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Station Boiler Market Research Report
By Type
Coal - Fired Boiler, Oil - Fired Boiler, Gas - Fired Boiler
By Application
Power Generation, Heating, Other
By Companies
GE Alstom, Babcock & Wilcox, AMEC Foster Wheeler, Dongfang Electric, Mitsubishi Hitachi Power Sytems, IHI, Harbin Electric, Doosan Heavy Industries, Bharat Heavy Electricals, Ansaldo, Siemens, Thermax
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Power Station Boiler Market Report Segments:
The global Power Station Boiler market is segmented on the basis of:
Types
Coal - Fired Boiler, Oil - Fired Boiler, Gas - Fired Boiler
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
Power Generation, Heating, Other
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 Alstom
- Babcock & Wilcox
- AMEC Foster Wheeler
- Dongfang Electric
- Mitsubishi Hitachi Power Sytems
- IHI
- Harbin Electric
- Doosan Heavy Industries
- Bharat Heavy Electricals
- Ansaldo
- Siemens
- Thermax
Highlights of The Power Station Boiler 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:
- Coal - Fired Boiler
- Oil - Fired Boiler
- Gas - Fired Boiler
- By Application:
- Power Generation
- Heating
- Other
- 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 Station Boiler 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
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- 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?
A power station boiler is a large, centralised device used to produce steam and hot water for use in industrial processes. Boilers are typically composed of several boilers arranged around a furnace, with the furnace itself serving as the heat source.
Some of the major companies in the power station boiler market are GE Alstom, Babcock & Wilcox, AMEC Foster Wheeler, Dongfang Electric, Mitsubishi Hitachi Power Sytems, IHI, Harbin Electric, Doosan Heavy Industries, Bharat Heavy Electricals, Ansaldo, Siemens, Thermax.
The power station boiler market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Power Station Boiler Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Power Station Boiler Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Power Station Boiler Market - Supply Chain
4.5. Global Power Station Boiler Market Forecast
4.5.1. Power Station Boiler Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Power Station Boiler Market Size (000 Units) and Y-o-Y Growth
4.5.3. Power Station Boiler Market Absolute $ Opportunity
5. Global Power Station Boiler Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Power Station Boiler Market Size and Volume Forecast by Type
5.3.1. Coal - Fired Boiler
5.3.2. Oil - Fired Boiler
5.3.3. Gas - Fired Boiler
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Power Station Boiler Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Power Station Boiler Market Size and Volume Forecast by Application
6.3.1. Power Generation
6.3.2. Heating
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Power Station Boiler Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Power Station Boiler Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Power Station Boiler Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Power Station Boiler Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Power Station Boiler Demand Share Forecast, 2019-2026
9. North America Power Station Boiler Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Power Station Boiler Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Power Station Boiler Market Size and Volume Forecast by Application
9.4.1. Power Generation
9.4.2. Heating
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Power Station Boiler Market Size and Volume Forecast by Type
9.7.1. Coal - Fired Boiler
9.7.2. Oil - Fired Boiler
9.7.3. Gas - Fired Boiler
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Power Station Boiler Demand Share Forecast, 2019-2026
10. Latin America Power Station Boiler Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Power Station Boiler Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Power Station Boiler Market Size and Volume Forecast by Application
10.4.1. Power Generation
10.4.2. Heating
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Power Station Boiler Market Size and Volume Forecast by Type
10.7.1. Coal - Fired Boiler
10.7.2. Oil - Fired Boiler
10.7.3. Gas - Fired Boiler
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Power Station Boiler Demand Share Forecast, 2019-2026
11. Europe Power Station Boiler Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Power Station Boiler Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Power Station Boiler Market Size and Volume Forecast by Application
11.4.1. Power Generation
11.4.2. Heating
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Power Station Boiler Market Size and Volume Forecast by Type
11.7.1. Coal - Fired Boiler
11.7.2. Oil - Fired Boiler
11.7.3. Gas - Fired Boiler
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Power Station Boiler Demand Share, 2019-2026
12. Asia Pacific Power Station Boiler Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Power Station Boiler Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Power Station Boiler Market Size and Volume Forecast by Application
12.4.1. Power Generation
12.4.2. Heating
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Power Station Boiler Market Size and Volume Forecast by Type
12.7.1. Coal - Fired Boiler
12.7.2. Oil - Fired Boiler
12.7.3. Gas - Fired Boiler
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Power Station Boiler Demand Share, 2019-2026
13. Middle East & Africa Power Station Boiler Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Power Station Boiler Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Power Station Boiler Market Size and Volume Forecast by Application
13.4.1. Power Generation
13.4.2. Heating
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Power Station Boiler Market Size and Volume Forecast by Type
13.7.1. Coal - Fired Boiler
13.7.2. Oil - Fired Boiler
13.7.3. Gas - Fired Boiler
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Power Station Boiler Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Power Station Boiler Market: Market Share Analysis
14.2. Power Station Boiler Distributors and Customers
14.3. Power Station Boiler Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Alstom
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Babcock & Wilcox
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AMEC Foster Wheeler
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dongfang Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitsubishi Hitachi Power Sytems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. IHI
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Harbin Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Doosan Heavy Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bharat Heavy Electricals
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ansaldo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Siemens
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Thermax
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
