Steam Boiler for Thermal Power Plant and Oil Refinery Market 2021 Precise Outlook - Alfa Laval AB, Victory Energy Operations LLC, Babco-ck Wanson Ltd, Forbes Marshall Pvt. Ltd

The Steam Boiler  for Thermal Power Plant and Oil Refinery Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The steam boiler market for thermal power plant and oil refinery is expected to record a CAGR of over 1.5%, during the forecast period.

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Top Leading Companies of Steam Boiler  for Thermal Power Plant and Oil Refinery Market are Alfa Laval AB, Victory Energy Operations LLC, Babco-ck Wanson Ltd, Forbes Marshall Pvt. Ltd, Viessmann Manufacturing Company Inc., Fulton Boiler Works Inc., Mitsubishi Hitachi Power Systems Ltd, General Electric Company, Clayton Industries, ThyssenKrupp In and others.

Key Market Trends

Water Tube Boiler to Dominate the Market

- Water-tube boilers are used to generate vapor from the water that flows through tubes and is heated by the combustion of various fossil fuels, like coal and natural gas. The vapor generated is sent to the steam turbine at a high pressure of around 250 bar that rotates the turbine, and thus, helps to generate electricity.

- Water-tube boilers have higher efficiency and have a pressure range of around 250 bars. It requires less time to raise steam pressure, provides greater flexibility for responding to load changes, and provides a greater ability to operate at high rates of steam generation.

- During 2019, there were around 8,600 thermal power plants that use water tube boilers to generate vapor or steam to rotate the turbines and generate electricity. Water is boiled on a set of tubes by burning fossil fuels, such as coal, gas, and oil. Natural gas-operated power plants are the most eco-friendly power plants that generate a considerable amount of carbon emissions, as compared to oil and coal.

- During January 2020, there is nearly 343 pre-construction coal-powered thermal power plants across the world. The pre-construction plants are estimated to have a capacity of around 299 gigawatts. China is the major country to have the highest number of under-construction coal-powered plants. Construction of these plants is estimated to increase the market growth of steam boilers in the near future.

Regional Outlook of Steam Boiler  for Thermal Power Plant and Oil Refinery Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Steam Boiler  for Thermal Power Plant and Oil Refinery Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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