Power Plant Boiler Market to Surpass USD 32,541.75 million by 2030| Key Manufacturers-Siemens Energy, General Electric, ALFA LAVAL, Babcock & Wilcox Enterprises, Inc.

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 a CAGR of 5.2% in the forecast period of 2022 to 2030 and is expected to reach USD 32,541.75 million by 2030.  

The boiler is a system that is used to generate steam or heat for industrial processes by heating the water in the closed vessel. It is used for various fuels to produce 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 others to generate heat or steam to perform the related options. The system has major importance from processing large amounts of food to the production of electricity for the consumers. It is a closed vessel that generates an enormous amount of steam to heat which helps the manufacturing facilities to run the machinery for further processing or operations. Technological advancement in boiler systems helps to develop advanced systems in a wide range for a 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 requirements 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 acts 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, the impact of domestic and localized 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.      

Competitive Landscape and Power Plant Boiler Market Share Analysis

The power plant boiler market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the power plant boiler market.  

Some of the major players operating in the power plant boiler market are 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., and Rentech Boilers among others. 

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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 analyze 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, supercritical, 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 boilers and circulating fluidized bed boilers. 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 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, and 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

The global power plant boiler market is analyzed 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 the Middle East and Africa, Brazil, Argentina, Rest of South America.  

China accounted for the maximum share in the power plant boiler market, due to the high power generation capacities in this country and also the number of power plants 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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