The « Power plant boilers market by type (pulverized coal towers, CFB, others), capacity (&lessThan; 400 MW, 400- 800 MW, = 800 MW), technology (sub-review , supercritical, ultra-supercritical), fuel type (coal, gas, oil) and region – global forecast to 2025 « was added to ResearchAndMarketsoffer.com
The global power plant boilers market is projected to grow from USD 181 billion in 2020 to USD 228 billion by 2025, with a CAGR of 48% during the forecast period
Growth in this market is driven by increasing demand for electricity and rapid industrialization Asia-Pacific accounted for the largest market share in 2019 Abundant availability of coal drives demand for power plant boilers at coal
Circulating Fluidized Bed Boiler Segment is expected to experience the fastest growing power plant boiler market, by type, during the forecast period
The growth of the CFB boiler segment is driven by the increasing demand from power plant owners to use multiple fuels in CFB boilers These boilers offer high efficiency and reliability with reduced emissions and pollutants In addition, it also provides leverage to use lower rank coals even for ultra-supercritical plant designs Some examples of CFB boilers are the 460 MWe Tauron CFB supercritical boiler in Lagisza (Poland) and CLECO’s Brame Energy Center in the States United
Asia-Pacific is the fastest growing market for the power plant boiler market The region has been segmented, by country, into China, Japan, India and the rest of Asia -Pacific Rapid industrialization and ongoing infrastructural developments in the region provide growth opportunities for the power plant boiler market in Asia-Pacific According to the World Bank, Asia-Pacific is the region of the world experiencing the fastest growing and experiencing continued economic growth
According to the Indian Electricity and Electronics Manufacturers Association (IEEMA), the installed power generation capacity until December 2018 was 413,024 MW (conventional: 344,002 MW and renewable: 69,022 MW), and the country planned to add 1,87821 MW (Renewable: 43%, conventional: 57%) by March 2022 In addition, the power generation capacity is expected to increase to 800 GW by 2032 to meet the demand growing customer demand
Growing demand for electricity
Increased consumption of clean fossil fuels
High capital requirement to install power plant boilers
Growth of renewable energy sources for electricity production
Upgrading Aging Power Plant Boiler Infrastructure
Technological advancements and demand for compact designs
Boiler efficiency and steam quality
Impact of COVID-19 on the power plant boiler market
General Electric
Siemens
Babcock & Wilcox Enterprises, Inc
Dongfang Electric Corporation Ltd
Construction Doosan Heavy Industries &
Sumitomo Heavy Industries, Ltd
Ihi Corporation
John Wood Group plc
Mitsubishi Hitachi Power Systems, Ltd
Sofinter Group
Bharat Heavy Electricals Limited
Thermax Limited
Andritz Group
Valmet
Harbin Electric Corporation
Jfe Engineering Corporation
Zhengzhou Boiler Co Ltd
Rentech boiler
Shanghai Electric Power Co Ltd
Pjsc Krasny Kotelshchik
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Boiler Industry Forecast, Market Analysis
Global News – United States – Global Power Plant Boiler Market (2020 to 2025) – The Upgrade Aging power plant boiler infrastructure presents opportunities – ResearchAndMarketscom
