Market Research Report
Power Plant Boiler - Global Market Outlook (2019 -2027)
|Published by||Stratistics Market Research Consulting||Product code||998494|
|Published||Content info||150+ Pages
Delivery time: 2-3 business days
|Power Plant Boiler - Global Market Outlook (2019 -2027)|
|Published: March 1, 2021||Content info: 150+ Pages||
According to Stratistics MRC, the Global Power Plant Boiler market accounted for $19.80 billion in 2019 and is expected to reach $36.12 billion by 2027 growing at a CAGR of 7.8% during the forecast period. Increasing demand for electricity and rising consumption of clean fossil fuel are driving the market growth. However, high capital requirement to install power plant boilers is restraining the market growth.
Boilers are used in power plants in order to produce high pressured steam, so that the plant can generate electricity. The boiler takes in energy from some form of fuel such as coal, natural gas, or nuclear fuel to heat water into steam.
By type, pulverized coal towers segment held significant growth during the forecast period as the pulverized coal is blown into the boiler plant through a series of burner nozzles using combustion air. Most coal-fired power stations and many large industrial water-tube boilers use pulverized coal. The growth of this segment is driven by advancements in ultra-supercritical and supercritical technologies to upgrade conventional and aging power plant boilers to improve efficiency. By geography, Asia Pacific is anticipated to have a significant growth in the global power plant boiler market during the forecast period as the country is investing heavily in setting up new power plants across all provinces to ensure a steady power supply for its industries to meet the growing power demand.
Some of the key players profiled in the Power Plant Boiler include: Amec Foster Wheeler, Andritz Group , Babcock & Wilcox Enterprises, Bharat Heavy Electricals Ltd, Dongfang Electric Corporation (DEC), Doosan Heavy Industries & Construction, General Electric (GE), Harbin Boiler Engineering Co., Ltd, IHI Corporation, JFE Engineering Corporation, John Wood Group PLC, Mitsubishi Heavy Industries Ltd, Rentech Boiler, Siemens AG, Thermax Ltd.
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Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.