Power Plant Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Power Plant Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • May 2021 •
  • 106 pages •
  • Report ID: 5827177 •
  • Format: PDF
The global power plant boiler market exhibited moderate growth during 2015-2020.

A power plant boiler is a type of mechanical equipment that produces steam by heating water and utilizes it to generate energy. The boiler is incorporated in a furnace that burns fossil fuels and creates heat which gets transferred to water to form steam. Over the years, the efficiency of these boilers has increased significantly, with some systems having a fuel-to-steam efficiency as high as 90%. The shape and size of these boilers depend upon their utility and they are primarily installed in power stations and industries with steam-based or hot water operations. The different types of power plant boilers include circulating fluidized boilers, multi-tube boilers and pulverized boilers, each having their distinct purpose and application.

The rising energy demand across the globe is a key factor driving the growth of the market. To meet this ever-increasing demand, governments of various nations are heavily investing in the development of existing power plants and the construction of new facilities. Rapid urbanization, coupled with industrialization in the emerging countries, has further fueled the demand for power plant boilers. Additionally, growing concerns for carbon emissions, along with an increasing demand for highly efficient energy solutions, have led to technological advancements in the manufacturing and functioning of boilers. Moreover, increasing reliance on electronic appliances such as air conditioners, microwave ovens, and washing machines has increased the energy requirements in both developing and developed nations, which is projected to boost the product demand further. Looking forward, the analyst expects the global power plant boiler market to grow at a CAGR of around 4% during 2021-2026.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Type:
Pulverized Fuel Boiler
Circulation Fluidized Bed Boiler
Others

Market Breakup by Technology:
Subcritical
Supercritical
Ultra-Supercritical

Market Breakup by Fuel Type:
Coal
Oil
Gas
Other

Market Breakup by Input Capacity:
< 10 MMBtu/Hr
10-50 MMBtu/Hr
50-100 MMBtu/Hr
100-250 MMBtu/Hr
> 250 MMBtu/Hr

Market Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Babcock & Wilcox, AMEC Foster Wheeler, Dongfang Electric, General Electric, Doosan Heavy Industries & Construction, BHEL, Mitsubishi Hitachi Power Systems, Siemens, IHI Corporation, Thermax, etc.

Key Questions Answered in This Report:
How has the global power plant boiler market performed so far and how will it perform in the coming years?
What are the key regional markets in the global power plant boiler industry?
What has been the impact of COVID-19 on the global power plant boiler industry?
What is the breakup of the market based on the boiler type?
What is the breakup of the market based on the technology type?
What is the breakup of the market based on the fuel type?
What is the breakup of the market based on the input capacity?
What are the various stages in the value chain of the global power plant boiler industry?
What are the key driving factors and challenges in the global power plant boiler industry?
What is the structure of the global power plant boiler industry and who are the key players?
What is the degree of competition in the global power plant boiler industry?