Power Boiler Market Overview
Power Boiler is a closed
vessel, meant for heating water to the extent where it gets converted into
steam. Important factors driving the global power boiler market growth include rapid
industrialization & urbanization and subsequently growing demand for power.
The third crucial factor driving the market is rapid industrialization &
urbanization and subsequently, growing demand for power. The fourth market
driving factor is heavy investment from the government in new power plants. In
developed countries, governments are constructing power plants using cleaner
energy from renewable sources such as biogas and biomass. Use of these sources
can also drive the market.
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Owing to the rapid urbanization and
industrialization in fast-developing countries, demand for energy is on the
rise. Power boiler is among one of solutions, which is relied upon to meet
electricity requirements. The growing investment in development of new power
plant is partly influencing power boilers market. Emphasis is being placed on
development power plant that product energy using clean resources or resources
that are restorable. Power boilers finds find application in clean coal
technology plant, natural gas plants, co-generation plants among others.
Monitoring the market
structure, this report menstruates the future growth potential of the market.
It chalks the strategies of the key players in the market and aids the
competitive developments like new product developments, mergers &
acquisitions, joint ventures, and research & developments (R&D) in the
market.
Competitive
Landscape
·
Alstom (France),
·
AMEC Foster Wheeler (UK),
·
Babcock & Wilcox (USA),
·
Siemens AG (Germany),
·
Hangzhou Boiler Group (China),
·
Harbin Electric (China),
·
Mitsubishi Hitachi Power System (Japan),
and
·
Thermax Ltd. (India).
Global Power Boiler Market Segmentation:
A detailed segmental analysis of the power boiler market is available in the report, which covers power
boiler type, technology and fuel type.
By type,
the global power boiler market has been segmented into pulverized fuel,
circulation fluidized bed, and others.
By
technology, the power boiler market has been segmented into supercritical,
subcritical, and ultra-supercritical.
By fuel
type, the global power boiler market has been segmented into coal, gas, and oil
Regional Segmentation
The regional segmentation
of the global Power boiler market covers Asia Pacific (APAC), Europe, North
America, South America, and the Middle East & Africa (MEA).
The Asia Pacific region
is a major contributor to the global market due to rapid industrialization in
countries like China and India. The demand for power boilers is increasing in
these two countries. Another important technologically advanced
country-specific market in this region is Japan. Other countries of the Asia
Pacific region also contribute significantly to market revenue.
During the forecast
period, the market in North America and Europe is expected to grow decently as
both regions are developed, industrialized, technologically advanced regions.
Developed countries in these regions are not only upgrading their existing
power plants but also setting up new cleaner (environment-friendly) fuel
burning power plants to get more efficiency. In North America, most advanced
country-specific markets are the USA, Canada, and Mexico. In Europe, such
markets are France, Germany, Italy, Spain, and the United Kingdom (UK). Other countries
in Europe make a significant contribution to the market. Most of the major
market players are based in Europe.
In South America, the
market is limited because technological advancement in this region is slower
than that in North America. Argentina and Brazil are two major country-specific
markets in this region. Other countries of South America are also expected to
support market growth during the forecast period.
In the MEA region, the
market growth is slow due to limited availability of technology, lack of
infrastructure, and lack of skilled professionals. The Middle East region has
more development than the African region, and thus, stands the chance of being
the bigger sub-segment in this regional market segment. The top country-specific
markets in this region are Saudi Arabia, UAE, Qatar, and South Africa. A
significant revenue to this market is also being contributed by the remaining
countries of the MEA region.
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