Power Boiler Market - Forecast(2024 - 2030)

Report Code: EPR 0098 Report Format: PDF + Excel

Power Boiler Market Overview:

The Power Boiler Market size is estimated to reach $ 5,000 million by 2030, growing at a CAGR of 6.5% during the forecast period 2023-2030. Power Boiler Market, providing a comprehensive analysis of market trends, technological advancements, competitive strategies, and future growth prospects. The power boiler sector plays a pivotal role in meeting the world's increasing energy demands, making it a critical area for research and development initiatives.

 

Power boilers, also known as steam boilers or industrial boilers, are crucial components in various industries and power generation facilities. They are used to generate steam that can be used for heating, electricity generation, and other industrial processes. The Power boiler market is influenced by several factors, including energy demand, industrial growth, environmental regulations, and technological advancements. Here are some key points about the power boiler market

 

The global demand for electricity and heat continues to rise due to industrialization, urbanization, and population growth. Power boilers are essential for generating electricity and providing steam for various industrial processes, making them indispensable in meeting this growing energy demand.

 

Market Snapshot:
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Power Boiler Market - Report
Coverage:

The “Power Boiler Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biochar Market.

 

AttributeSegment

By Fuel Type

  • Coal-Fired Boilers

  • Gas-Fired Boilers

  • Oil-Fired Boilers

  • Others


By Type

  • Pulverized Boilers

  • Circulating Fluidized Boilers

  • Others


By Technology

  • Subcritical

  • Supercritical

  • Ultra-supercritical


By Capacity

  • Less than 400 MW

  • 400-800 MW

  • More than 800 MW







By Geography 

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific),South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

  • Rest of the World (Middle East and Africa).

 

Power Boiler Market - Top Trends

 

Increased Focus on Renewable Energy: The global push toward cleaner and more sustainable energy sources, such as wind, solar, and biomass, has influenced the power boiler market. Power plants are increasingly looking to integrate renewable energy sources with traditional fossil fuels to reduce emissions and meet environmental regulations.


Efficiency Improvements: Improving the efficiency of power boilers is a significant trend. Manufacturers and operators are investing in advanced technologies like supercritical and ultra-supercritical steam cycles to enhance boiler efficiency, reduce fuel consumption, and lower greenhouse gas emissions.


Digitalization and IoT Integration: The power boiler industry has been embracing digital technologies and the Internet of Things (IoT). This includes the use of sensors, data analytics, and predictive maintenance to optimize boiler operations, reduce downtime, and improve overall performance.


Emissions Reduction: Stricter environmental regulations and growing concerns about air pollution have led to a focus on emissions reduction in the power boiler sector. Low NOx burners, selective catalytic reduction (SCR) systems, and other technologies are being employed to reduce nitrogen oxide (NOx) and other harmful emissions.


Fuel Flexibility: Power plants are exploring the use of a wider range of fuels, including natural gas, coal, biomass, and even hydrogen. This trend aims to diversify fuel sources and adapt to changing market conditions and environmental requirements.


Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Power Boiler Market adopt. The top 10 companies in Power Boiler Market are listed below:

  1. General Electric
  2. Siemens AG
  3. Babcock & Wilcox Enterprises, Inc.
  4. Mitsubishi Hitachi Power Systems
  5. AMEC Foster Wheeler
  6. Thermax Limited
  7. Doosan Heavy Industries & Construction
  8. Andritz AG
  9. Sumitomo SHI FW
  10. IHI Corporation

Scope of the Report:

Report MetricDetails

Base Year Considered

  • 2022

Forecast Period

  • 2023–2030

CAGR

  • 6.5%

Market Size in 2030

  • $5,000 Million

Segments Covered

  • By Fuel Type , By Type, By Technology, By Capacity, By Geography





Geographies Covered

  • North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).






Key Market Players

  1. General Electric

  2. Siemens AG

  3. Babcock & Wilcox Enterprises, Inc. 

  4. Mitsubishi Hitachi Power Systems

  5. AMEC Foster Wheeler

  6. Thermax Limited

  7. Doosan Heavy Industries & Construction

  8. Andritz AG

  9. Sumitomo SHI FW

  10. IHI Corporation


1. Power Boiler MarketOverview

1.1  Definitions and Scope

2.  Power Boiler Market– Executive Summary

3.  Power Boiler Market– Market Landscape

    3.1  Company Benchmarking – Key Companies

    3.2  Key Company Financial Analysis

    3.3  Market Share Analysis – Key Companies

    3.4  Patent Analysis

    3.5  Pricing Analysis (Comparison of General Price Offerings in the Market)

4. Power Boiler Market– Startup Company Scenario 

    4.1  Investment

    4.2  Revenue

    4.3  Venture Capital and Funding Scenario

5. Power Boiler Market– Market Entry Scenario Premium

    5.1  Regulatory Scenario

    5.2  New Business and Ease of Doing business index

    5.3  Case Studies of Successful Ventures

6. Power Boiler Market– Market Forces

    6.1  Market Drivers

    6.2  Market Constraints

    6.3  Porter’s Five Force Model

 6.3.1 Bargaining Power of Suppliers

 6.3.2 Bargaining Powers of Customers

 6.3.3 Threat of New Entrants

 6.3.4 Rivalry Among Existing Players

 6.3.5 Threat of Substitutes

7. Power Boiler Market– Strategic Analysis

   7.1  Value Chain Analysis

   7.2  Opportunities Analysis

   7.3  Market Life Cycle Analysis

8.  Power Boiler Market– By Fuel Type (Market Size - $Million/$Billion) 

         8.1  Coal-Fired Boilers

      8.1.1Market Trends by Region

                 8.1.2. Market Share & Forecast by Region

         8.2 Gas-Fired Boilers

                 8.2.1 Market Trends by Region

8.2.2 Market Share & Forecast by Region

    8.3 Oil-Fired Boilers

8.3.1 Market Trends by Region

8.3.2 Market Share & Forecast by Region

  8.4     Others

8.4.1  Market Trends by Region

8.4.2  Market Share & Forecast by Region

9. Power Boiler Market– By Type (Market Size - $Million/$Billion)

     9.1  Pulverized Boilers

              9.1.1 Market Share & Forecast by Region

9.1.2 Market Share & Forecast by Region

     9.2   Circulating Fluidized Boilers

9.2.1 Market Trends by Region

9.2.2  Market Share & Forecast by Region

     9.3  Others

9.3.1 Market Trends by Region

9.3.2 Market Share & Forecast by Region

10. Power Boiler Market– By Technology (Market Size - $Million/$Billion)

    10.1 Subcritical

10.1.1   Market Trends by Region

10.1.2   Market Share & Forecast by Region

   10.2  Supercritical

10.2.1   Market Trends by Region

10.2.2   Market Share & Forecast by Region

10.3  Ultra-supercritical

10.3.1   Market Trends by Region

10.3.2   Market Share & Forecast by Region

11. Power Boiler Market– By Capacity (Market Size - $Million/$Billion)

11.1 Less than 400 MW

11.1.1   Market Trends by Region

11.1.2   Market Share & Forecast by Region

  11.2 400-800 MW

11.2.1   Market Trends by Region

11.2.2   Market Share & Forecast by Region

  11.3  More than 800 MW

11.3.1   Market Trends by Region

11.3.2   Market Share & Forecast by Region

12. Power Boiler Market– by Geography (Market Size - $Million/$Billion)

12.1 North America

12.1.1   U.S.

12.1.2   Canada

12.1.3   Mexico

12.2  Europe

12.2.1   Germany

12.2.2   France

12.2.3   U.K.

12.2.4   Italy

12.2.5   Spain

12.2.6   Russia

12.2.7   Rest of Europe

12.3  Asia-Pacific

12.3.1   China

12.3.2   Japan

12.3.3   South Korea

12.3.4   India

12.3.5   Australia & New Zealand

12.3.6   Rest of Asia-Pacific

12.4 South America

12.4.1   Brazil

12.4.2   Argentina

12.4.3   Chile

12.4.4   Colombia

12.4.5   Rest of South America

12.5 Rest of the World

12.5.1   Middle East

12.5.2   Africa

13.  Power Boiler Market– Market Entropy

13.1 New product launches

13.2 M&A’s, collaborations, JVs and partnerships

14.  Power Boiler Market– Industry Competition Landscape 

14.1 Market Share Analysis

14.1.1   Market Share by Technology – Key Companies

14.1.2   Market Share by Country – Key Companies

14.1.3   Market Share by Region – Key Companies

14.2 Competition Matrix

14.3 Best Practices for Companies

15. Power Boiler Market– Key Company List by Country Premium 

16. Power Boiler Market– Company Analysis

16.1 Mitsubishi Hitachi Power Systems

16.2 Babcock & Wilcox Enterprises

16.3 General Electric Company

16.4 Siemens AG

16.5 Bharat Heavy Electricals Limited

16.6 Doosan Heavy Industries & Construction

16.7 Thermax Limited

16.8 AMEC Foster Wheeler

16.9 ANDRITZ AG

16.10 Valmet Corporation

16.11 Rentech Boiler Systems

16.12 IHI Corporation

16.13 AB&CO Group

16.14 Hurst Boiler & Welding Co.

16.15 John Wood Group PLC

16.16 Cleaver-Brooks

16.17 Victory Energy Operations

16.18 Fulton Boiler Works, Inc.

16.19 Indeck Power Equipment Company

16.20ZG Boiler

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The Power Boiler Market is forecast to grow at 6.5% during the forecast period 2023-2030.

The Global Power Boiler Market size is estimated to be $XX Billion in 2023 and is projected to reach $5,000 million by 2030.

The Top Companies in the Power Boiler Market are General Electric,Siemens AG, Babcock & Wilcox Enterprises, Inc. Mitsubishi Hitachi Power Systems ,AMEC Foster Wheeler ,Thermax Limited\\\\r\\\\n