According to a new market report published by Lucintel, the future of the boiler and steam generator market looks promising with opportunities in the coal, gas, nuclear, and biomass and CSP plant fuels. The global boiler and steam generator market is expected to reach an estimated $15.1 billion by 2027 with a CAGR of 1% from 2021 to 2027. Huge power generation capacity addition fostered by growing electricity demand and replacement of old inefficient boilers and steam generators are major drivers for boilers and steam generators market. Increasing penetration of advanced supercritical and ultra-supercritical boilers and steam generators for electric utilities industry will further drive the demand.
Browse 68 market data tables and 107 figures spread through 207 pages and in-depth TOC on “Global Boiler and Steam Generator Market"
In this market, steam generator, HRSG, and boiler are the product type of boiler and steam generator. Lucintel forecasts that boiler will remain the largest segment over the forecast period due to installation of new technology supercritical and ultra-supercritical boilers/steam generators in coal-fired and nuclear power plants.
Within the boiler and steam generator market, coal will remain the largest plant fuel segment and is also expected to witness the highest growth over the forecast period as coal is the most common source of generating electricity, especially in emerging economies of Asian countries, such as China and India.
Asia Pacific is expected to remain the largest region over the forecast period due to increasing demand for electric power and growing environmental concern led to the need of highly efficient boilers/steam generators technology.
Emerging trends, which have a direct impact on the dynamics of the industry, include highly energy efficient and fuel flexible advanced technology boilers and steam generators and increasing focus on large-sized boilers and steam generators by electric utilities companies. Alstom SA, Shanghai Electric Group, Dongfang Electric Corporation Limited, Harbin Electric Company Limited, and Bharat Heavy Electricals Limited are among the major suppliers of boiler and steam generator.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global boiler and steam generator market by plant fuel, product type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Boiler and Steam Generator Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global boiler and steam generator market by plant fuel, product type, and region as follows:
By Plant Fuel [Value ($B) and annual installation (gigawatt) analysis for 2016 – 2027]:
•Coal
•Gas
•Nuclear
•Biomass and CSP
By Product Type [Value ($B) and annual installation (gigawatt) analysis for 2016 – 2027]:
•Steam Generator
•HRSG
•Boiler
By Region [Value ($B) and annual installation (gigawatt) analysis for 2016 – 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 207-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/boiler-and-steam-generator-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global boiler and steam generator market by plant fuel (coal, gas, nuclear, and biomass and CSP0, product type (steam generator, HRSG, and boiler), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?