Power Plant Boiler Market Will Reach USD 32,541.75 million by 2030.| Top Players: Siemens Energy, General Electric, ALFA LAVAL

The power plant boiler market is expected to gain market growth in the forecast period of 2022 to 2030. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.2% in the forecast period of 2022 to 2030 and expected to reach USD 32,541.75 million by 2030.  

Boiler is system which is used to generate the steam or heat for the industrial processes by heating the water in the closed vessel. It is used for various fuels to produce the heat or steam such as coal, fossil fuel, biomass, electric power and others. Boilers are used by the various industrial verticals such as food, chemical, brewery, power plants, oil and gas and other for generate heat or steam to perform the related options. The system has major importance from processing large amount of food to the production of electricity for the consumers. It is a closed vessel generates enormous amount of steam to heat which helps the manufacturing facilities to run the machinery for further processing or operations. Technological advancement in boiler system helps to develop advanced systems in wide range for particular application. Boilers such as electric boilers, gas and oil based fire steam boilers, fire-tube boiler and others are offering the solution for the customers as per their requirement or compatibility for operations.

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The growth of the power plant boiler market has been highly boosted by increasing demand for low emission industrial boilers. The rising demand for electricity among consumers around the globe is boosting the growth of the power plant boiler market. The power plant boiler requires a high capital requirement to install power plant boilers which act as a major restraint factor for the global power plant boiler market.

This power plant boiler market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.       

Rising Demand of Power Plant Boilers

The power plant boiler market also provides you with detailed market analysis for every country growth in installed base of different kind of products, impact of technology using life line curves and changes regulatory scenarios and their impact on the Power Plant Boiler market. The data is available for historic year 2011 to 2019. 

Key Market Competitors Covered in the Report
Siemens Energy
General Electric
ALFA LAVAL
Babcock & Wilcox Enterprises, Inc.
IHI Corporation
DEC
Doosan Heavy Industries & Construction
Sumitomo Heavy Industries, Ltd.
JFE Engineering Corporation
Sofinter S.p.a
John Wood Group PLC
Bharat Heavy Electricals Limited
Thermax Limited
ZHENGZHOU BOILER(GROUP) CO.,LTD
MITSUBISHI HEAVY INDUSTRIES, LTD.
ANDRITZ
Valmet
Shanghai Electric
PJSC Krasny Kotelshchik
Hurst Boiler & Welding Co, Inc.
ZOZEN boiler Co., Ltd.
Rentech Boilers

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Global Power Plant Boiler Market Scope and Market Size                                                            

The power plant boiler market is segmented on the basis of fuel/heat source type, pressure range, material, technology, process, type, and capacity. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.                                     

On the basis of fuel type/heat source, the power plant boiler market is segmented into coal, natural gas, nuclear reactor, petroleum, and others. In 2022, the natural gas segment is expected to dominate the market as it is less costly than other fossil fuel sources of energy. Natural gas is much cleaner than other fossil fuels that are because natural gas combustion burns almost completely up to the mark.
On the basis of pressure range, the power plant boiler market is segmented into high, medium, and low. In 2022, the high segment is expected to dominate the market as high-pressure boilers use forced circulation of water which ensures positive circulation. This also reduces the tendency of scale formation due to the high velocity of the water.
On the basis of material, the power plant boiler market is segmented into conventional materials and designed materials. In 2022, the designed materials segment is expected to dominate the market as the materials such as stainless steel alloys, nickel alloys are specially designed or manufactured for power plant boiler manufacturing which increases corrosion resistance, strength, and durability.
On the basis of technology, the power plant boiler market is segmented into ultra-critical, super critical, subcritical, and advanced ultra-supercritical.  In 2022, ultra-critical is expected to dominate the market as the efficiency of this technology is 46% net efficiency which is significantly higher. It also reduces the CO2 emissions and hence it is dominating.
On the basis of process, the power plant boiler market is segmented into fluidized bed combustion and pulverized fuel combustion. In 2022, pulverized fuel combustion segmented is expected to dominate the market as the thermal efficiency is high. It also results in a faster combustion rate and consequently reduces the requirement of secondary air to complete combustion.
On the basis of type, the power plant boiler market is segmented into pulverized coal tower boiler and circulating fluidized bed boiler. In 2022, pulverized coal tower boiler segment is expected to dominate the market as it reduces the time of raising the temperature of steam. Furthermore, the combustion of pulverized coal can also be readily be adapted to automatic control.
On the basis of capacity, the power plant boiler market is segmented into less than 400 MW, 400 MW TO 800 MW, more than 800 MW. In 2022, 400 MW to 800 MW is the dominating in this segment as this has high plant efficiency over the entire load range. The general capacity boiler is used in this much capacity as they are made to generate the power in the power plant.

Global Power Plant Boiler Market Country Level Analysis

Global power plant boiler market is analysed and market size information is provided by country, fuel/heat source type, pressure range, material, technology, process, type, and capacity.

The countries covered in the power plant boiler market report are the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.  

The China accounted for maximum share in the power plant boiler market, due to high power generation capacities in this country and also a number of the power plant is high. The U.S is the second largest market after China due to the presence of companies. Germany is the third largest market due to the high adoption of power plant boilers.

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