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Power Boiler Market Is Booming Worldwide – Industry Segmented by Type, Technology, Fuel Type, Size, Share, Key Players, Regional Trends, Opportunity and Challenges by Forecast 2022

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Power Boiler Market Is Booming Worldwide – Industry Segmented by Type, Technology, Fuel Type, Size, Share, Key Players, Regional Trends, Opportunity and Challenges by Forecast 2022

September 01
04:48 2019
Power Boiler Market Is Booming Worldwide - Industry Segmented by Type, Technology, Fuel Type, Size, Share, Key Players, Regional Trends, Opportunity and Challenges by Forecast 2022

Power Boiler Market
Power Boiler Market Set to Support Expansion in Rapid Industrialization. Global Power Boiler industry is expected to register a CAGR of about 4% during 2016 to 2022. Power Boiler Market Report Segmented by Type (Pulverized Fuel, Circulation Fluidized Bed, & Others) by Technology (Supercritical, Subcritical, & Ultra-supercritical) by Fuel Type (Coal, Gas & oil) and by Region – Global Forecast to 2022

Power Boiler Market Scenario

Power Boiler is a closed vessel, meant for heating water to the extent where it gets converted into steam. Market Research Future (MRFR) has published a research report about the global power boiler market that evaluates surge for this market at 4% CAGR between 2016 and 2022.

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.

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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.

Prominent Players:

  • 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).

Power Boiler Market Segmentation

The global power boiler market segmentation covers type, fuel type, and technology. MRFR made this segmentation to get a closer look at market trends.

By type, this market has been segmented into circulation fluidized bed, pulverized fuel, and others.

Regarding fuel type, the market has been segmented into coal, gas, and oil.

Based on technology, the market has been segmented into subcritical technology, supercritical technology, and ultra-supercritical technology.

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.

Latest Industry News

  • NLC India Limited (NLCIL) has successfully made the boiler of the second unit of the upcoming 2 x 500 megawatt (MW) for lignite fired Neyveli New Thermal Power Project (NNTPP), operational. The 500 MW capacity lignite-fired boilers are first of its kind in India. 5 JUNE 2019

Get Complete Power Boiler Market Research Report at:  

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Company Name: Market Research Future
Contact Person: Abhishek Sawant
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Phone: +1 646 845 9312
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City: Pune
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