This report titled “Power Plant Boilers Market - Growth, Future Prospects, and Competitive Analysis, 2021 – 2029” offers strategic insights into the trends in power plant boilers market along with the market size and forecast for the duration 2021 to 2029. The said research study incorporates in-depth analysis of multiple market segments based type, technology, fuel type and geographical distribution.
The global power plant boilers market is expected to witness high growth with increasing urbanization and growth in industrial electricity consumption due to increasing operational scale of industries anticipated to propel the demand for power plant boilers. Furthermore, emergence of technology such as supercritical and ultra-supercritical technology is projected to propel the demand for power plant boilers market.
Key players in the power plant boilers market accounting for the major share of the global power plant boilers market. Further, increasing research and development and advancement in technology changing the nature of operations of the power plant boilers industry. Further, rapid urbanization and industrialization in Asia Pacific is further anticipated to fuel the demand for power plant boilers over the forecast period.
Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa and Asia Pacific.
Based on type, the global power plant boilers market is segmented as pulverized fuel, circulation fluidized bed and others. By technology, the global power plant boilers market is segmented into subcritical, supercritical and ultra-supercritical. On the basis of fuel type, the coal, gas, oil and other are considered as the key segment in fuel type segment. In addition, power plant boilers manufacturing companies, distributors and academic organizations form the major client types for power plant boilers market. Market size (US$ Mn) and forecast for all the considered segmentation is presented in this report for the period 2019-2029 along with their respective CAGRs (%) for the forecast period 2019-2029.
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global power plant boilers market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of power plant boilers.
Based on the type, the global power plant boiler market is segmented as follows:
On the basis of type, the global power plant boiler market can be segmented into pulverized fuel, circulated fluidized bed and others. In 2020, pulverized fuel segment accounted for the largest revenue share in the global power plant boiler market. Pulverized technology is widely used technology used in the coal fired thermal power plants. Increasing investment in capacity expansion of coal based thermal power plants especially in India and China are projected to fuel the market growth of the pulverized fuel segment. The segment is projected to witness significant growth over the forecast period (2019-2029).
Based on the technology, the global power plants boilers market is segmented as follows:
On the basis of technology, the global power plants boilers market can be segmented into subcritical, super critical and ultra-supercritical. In 2020, super critical segment accounted for the largest revenue share among all technology segments. Low carbon emission, high efficiency and easy availability of the technology are the factors increasing the adoption of the technology. Moreover, growing environmental concerns over the emission of greenhouse gases and revision in emission targets at Paris Climate Change Conference held in 2015 driving the adoption low carbon emission technology which in turn is fuel the demand for super critical technology over the forecast period (2019-2029).
Based on the fuel type, the global power plant boiler market is segmented as follows:
On the basis of fuel type, the global power plant boiler market can be segmented into coal, gas, oil & others. In 2020, coal fuel type was observed to be the largest application segment in global power plant boilers market. High consumption of coal as fuel in thermal power plants in key consuming economies along with high availability of coal reserves especially in India and China is projected to fuel the demand for coal based power plant boilers. However, growing environmental concerns over the carbon emission along with growing inclination towards renewable energy sources such as solar and wind energy is anticipated to restrain the growth of the segment during the forecast period (2019-2029).
On the basis of geography, global power plant boilers market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2020, Asia Pacific is estimated to hold largest share in global power plant boilers market and projected to maintain its dominance over the forecast period. Rapid urbanization and prompt industrial growth in the region especially in China and India is projected to fuel the energy demand in the region which in turn is fueling the investment in power plant infrastructure which is subsequently impelling the demand for power plant boilers in the region. Thus, the region is projected to witness high growth in demand for power plant boilers over the forecast period (2019-2029).
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Power Plant Boilers market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Type
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Technology
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Fuel
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
