Power Plant Boiler Market: Increasing Demand for Energy Witnessed Worldwide to Bolster Sales Opportunities 2024

Albany, New York, March 07, 2017: The demand for power plant boilers has considerably increased in the last few years in response to the rapid urbanization and industrialization witnessed across emerging nations. In a report, titled “Power Plant Boiler Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” Transparency Market Research (TMR) provide key insights into various factors supporting the expansion of the global power plant boilers market. It predicts the market’s trajectory between 2016 and 2024, besides discussing the factors potentially affecting the market.

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The report provides refined outlook for the global power plant boiler market between 2016 and 2024. To support its estimations, the report includes exhaustive information obtained from trusted industrial sources via proven methodologies. Information thus sourced it presented in a coherent chapter-wise format, logically interspersed with supportive graphs, tables, statistics, and infographs.

The market is primarily gaining from the persistently rising energy demand worldwide. The increasing population is pushing the demand for energy, in response to rising urbanization and industrialization. With the phenomenon less likely to change anytime soon, the demand for power plant boilers is forecast to scale higher in the coming years. To cater to the rising energy demand, governments are allotting increased funds to the construction of new power plants and upgrading the existing ones.
In the U.S., Netherlands, the U.K., and other countries, governments offer lucrative subsidies for authorities focusing on cleaner and alternative fuel sources such as natural gas, biogas, and biomass. All these trickles down in favor of the global power plant boiler market, creating lucrative opportunities to gain from in the near future. Considering this, the market will thus emerge gainer with the shale gas boon witnessed in the U.S.

A power plant boiler is installed to produce stream by exposing water to heat energy. Boilers are typically used in industries requiring steam for diverse operations. The size and design of boilers to be installed is determined on the basis of their purpose of application. For instance, boilers installed for industrial applications are usually large in size and are connected to point-of-use piping.
Regionally, the market players are witnessing lucrative opportunities in Asia Pacific. The rising demand in India and China have led to the birthing of many coal-based power plant projects. This in turn has propelled growth witnessed in the pulverized fuel boiler segment. In terms of technology, the demand for supercritical boilers is considerably high as they demonstrate better efficiency and ensure lesser carbon emission than subcritical boilers. Facilitated by the recent technological advancements the demand in the supercritical boilers segment is forecast to increase further in the coming years.

Besides this, the ultra-supercritical boilers segment is projected to witness high demand in the coming years. The segment is likely to gain from the latest innovations and the greater performance of ultra-supercritical boilers in terms of efficiency and lower emissions.

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Some of the most prominent enterprises operating in the global power plant boilers market are Siemens AG, Babcock & Wilcox, and AMEC Foster Wheeler.

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