Global Power
Plant Boiler Market: Overview
The demand for power
has considerably increased around the world. The rapid urbanization
and industrialization displayed by emerging nations has also fuelled
the demand for power. To cater to this growing demand, government
institutions are heavily investing in the construction of new power
plants and upgrading existing ones. In countries such as the U.S.,
the Netherlands, and the U.K., authorities have been focusing on
alternate and cleaner fuel sources such as biogas, biomass, and
natural gas, thus aiding the expansion of the power plant boilers
market across developed nations.
A power
plant boiler is a machine that produces steam by applying
heat energy to water. A boiler is used in industries that need steam
for various operations. The form and size of these boilers to be
installed depend on their purpose or application. Boilers for use in
industrial installation and power stations are usually larger and are
connected to point-of-use piping.
The report presents
a holistic overview of the global power plant boiler market. It
studies the various factors that are expected to influence the
market’s growth trajectory between 2016 and 2024. To update
stakeholders on the prevailing market dynamics, the report also
examines the market’s attractiveness, investment feasibility, and
the potential impact of Porter’s five forces. For the purpose of
the study, the report segments the global power plant boiler market
in terms of type, fuel type, technology, and geography.
Global Power
Plant Boiler Market: Key Opportunities and Threats
The most common
types of power plant boilers that find application across industries
include multi-tube boilers, circulating fluidized boilers, pulverized
boilers, and others. By fuel type, a power plant boiler can be
classified as coal-based, gas-based, or oil-based.
The power generation
mix in almost every major country today is dominated by coal. This is
because the cost incurred on setting up a coal-based power plant is
comparatively lower than that incurred on power plants that operate
on other fuels. The easy availability of coal in several countries
and convenience in transporting it between locations have prompted
industries to invest in coal-based power plants. Hence, the
pulverized fuel boiler is the most extensively installed boiler type
worldwide.
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Both India and China
have a large number of coal-based power plant projects, owing to
which, the growth exhibited by the pulverized fuel boiler segment
will be considerably high in these countries. By technology,
supercritical boilers demonstrate better efficiency than subcritical
boilers and ensure lesser emission of greenhouse gases. This
facilitates technological advancements in the former and hence
results in the higher installation of supercritical boilers than
other power plant boilers (based on technology).
However, during the
forecast period, the demand for ultra-supercritical boilers is
anticipated to increase at the fastest pace. Due to the introduction
of the latest technologies, ultra-supercritical boilers are superior
in terms of efficiency and boast lower emissions.
The market is also
expected to gain from the rapid industrialization in India, China,
and other developing countries. Asia Pacific will therefore exhibit
lucrative opportunities for companies operating in the global power
plant boiler market. Other regions exhibiting attractive prospects in
the power plant boilers market include North America, Europe, and
Rest of the World.
Global Power
Plant Boiler Market: Competitive Insight
To study the
competition prevailing in the market, the report also profiles some
of the leading vendors operating therein. The most prominent
companies profiled in the report are AMEC Foster Wheeler, Siemens AG,
Babcock & Wilcox, and others. These companies are studied on the
basis of their financial overview, strategies adopted, development
status, and product portfolio.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
The study is a
source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional
analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been
compiled through extensive primary research (through interviews,
surveys, and observations of seasoned analysts) and secondary
research (which entails reputable paid sources, trade journals, and
industry body databases). The report also features a complete
qualitative and quantitative assessment by analyzing data gathered
from industry analysts and market participants across key points in
the industry’s value chain.
A separate analysis
of prevailing trends in the parent market, macro- and micro-economic
indicators, and regulations and mandates is included under the
purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
Highlights of the
report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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