According to the latest report by IMARC Group, titled “Power Plant Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global power plant boiler market reached a value of US$ 22.3 Billion in 2019. A power plant boiler is mechanical equipment used to produce high-pressure steam for generating electricity. The combustion system in the boiler converts the heat generated from different fossil fuels into steam, which is further converted into electrical energy by using a turbine. Some of the components utilized in a boiler to increase its efficiency and safety are safety valve, water level indicator and pressure gauge. Looking forward, IMARC Group expects the global power plant boiler market to exhibit moderate growth during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Rapid urbanization, industrialization, increasing population and boosting overall sales of consumer electronics have led to the rise in the consumption of electricity across the globe. To meet the escalating demand, governments of several countries are investing in the setup and up-gradation of existing power plant boilers. Owing to rising environmental concerns, they are also promoting the adoption of efficient technologies, such as supercritical technology boilers, for reducing carbon emissions. Furthermore, leading manufacturers are investing in research and development (R&D) activities for improving the efficiency of power plant boilers. Looking forward, IMARC Group expects the global power plant boiler market to grow at a CAGR of around 4% during 2021-2026.
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Competitive Landscape With Key Players :
- Power Plant Boiler Market being Babcock & Wilcox
- AMEC Foster Wheeler,
- Dongfang Electric
- General Electric
- Doosan Heavy Industries & Construction
- Mitsubishi Hitachi Power Systems
- IHI Corporation
- Thermax, etc.
Breakup by Type:
1. Pulverized Fuel Boiler
2. Circulation Fluidized Bed Boiler
Breakup by Technology:
Breakup by Fuel Type:
Breakup by Input Capacity:
1. < 10 MMBtu/Hr
2. 10-50 MMBtu/Hr
3. 50-100 MMBtu/Hr
3. 100-250 MMBtu/Hr
4. > 250 MMBtu/Hr
Breakup by Region:
1. North America
2. Asia Pacific
4. Middle East and Africa
5. Latin America
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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