The global Power Boiler market is expected
to register a CAGR of about 4%. Power Boiler is basically a closed vessel into
which water is heated until the water is converted to steam. The steam produced
by the power boiler, transferred through piping to number of applications. In
developing countries, due to rapid industrialization & urbanization, demand
for the power is increases considerably. To meet this demand, government is
heavily investing in new power plants which will drive the Power Boiler market.
In developed countries, government is constructing the power plants using
cleaner energy such as biomass, biogas which is another driving factor for the
Power Boiler market.
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The report for Global Power boiler Market
of Market Research Future comprises of extensive primary research along with
the detailed analysis of qualitative as well as quantitative aspects by various
industry experts, key opinion leaders to gain the deeper insight of the market
and industry performance. The report gives the clear picture of current market
scenario which includes historical and projected market size in terms of value,
technological advancement, macro economical and governing factors in the
market.
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Key
Players
The leading players in the Power boiler
markets are Siemens AG, Babcock & Wilcox, Mitsubishi Hitachi Power System,
AMEC Foster Wheeler, Thermax Ltd, Harbin Electric, Hangzhou Boiler Group, and
Alstom.
Regional
Analysis of Power boilers
Asia-Pacific region is a major contributor
to the Power boiler market because rapid industrialization in countries like
China, India increases the demand for Power boiler. It is expected to grow at
high rate and retain its majority by 2022. North America & Europe Power
Boiler market is expected to grow at a decent rate. They are upgrading their
existing power plants and setting up new cleaner fuel burning power plants to
get more efficiency.
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