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Power Plant Boiler Trends and Forecast
The future of the global power plant boiler market looks promising with opportunities in the coal, natural gas, nuclear reactor, and petroleum markets. The global power plant boiler market is expected to reach an estimated $24.1 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are growing demand for electricity, continuous technological advancements in power plant boilers, and rising demand for low emission industrial boilers.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Power Plant Boiler by Segment
The study includes a forecast for the global power plant boiler by type, technology, fuel type, and region.
Power Plant Boiler Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Pulverized Coal Towers
• Circulating Fluidized Bed Boilers
• Others
Power Plant Boiler Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Subcritical
• Supercritical
• Ultra-Supercritical
Power Plant Boiler Market by Fuel Type [Shipment Analysis by Value from 2018 to 2030]:
• Coal
• Natural Gas
• Nuclear Reactor
• Petroleum
• Others
Power Plant Boiler Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Power Plant Boiler Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies power plant boiler companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the power plant boiler companies profiled in this report include-
• Dongfang Electric
• Bharat Heavy Electricals
• Alstom
• Mitsubishi
• Hitachi Power Systems
• Siemens
• Harbin Electric
• Kawasaki Heavy Industries
• Doosan
• General Electric
Power Plant Boiler Market Insights
Lucintel forecasts that pulverized fuel tower is expected to witness highest growth over the forecast period due to its increasing use in firms owing to its ability to shorten the time needed to raise the temperature.
Within this market, coal will remain the largest segment due to substantial use of coal-fired thermal power plants among industries to generate power.
APAC is expected to witness highest growth over the forecast period due to continual growth of population and growing use of electricity in the region.
Features of the Global Power Plant Boiler Market
Market Size Estimates: Power plant boiler market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Power plant boiler market size by type, technology, fuel type, and region in terms of value ($B).
Regional Analysis: Power plant boiler market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, technologies, fuel types, and regions for the power plant boiler market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the power plant boiler market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the power plant boiler market size?
Answer: The global power plant boiler market is expected to reach an estimated $24.1 billion by 2030.
Q2. What is the growth forecast for power plant boiler market?
Answer: The global power plant boiler market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the power plant boiler market?
Answer: The major drivers for this market are growing demand for electricity, continuous technological advancements in power plant boilers, and rising demand for low emission industrial boilers.
Q4. What are the major segments for power plant boiler market?
Answer: The future of the power plant boiler market looks promising with opportunities in the coal, natural gas, nuclear reactor, and petroleum markets.
Q5. Who are the key power plant boiler market companies?
Answer: Some of the key power plant boiler companies are as follows:
• Dongfang Electric
• Bharat Heavy Electricals
• Alstom
• Mitsubishi
• Hitachi Power Systems
• Siemens
• Harbin Electric
• Kawasaki Heavy Industries
• Doosan
• General Electric
Q6. Which power plant boiler market segment will be the largest in future?
Answer: Lucintel forecasts that pulverized fuel tower is expected to witness highest growth over the forecast period due to its increasing use in firms owing to its ability to shorten the time needed to raise the temperature.
Q7. In power plant boiler market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to continual growth of population and growing use of electricity in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the power plant boiler market by type (pulverized coal towers, circulating fluidized bed boilers, and others), technology (subcritical, supercritical, and ultra-supercritical), fuel type (coal, natural gas, nuclear reactor, petroleum, and others), 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 region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of 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 key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Power Plant Boiler Market, Power Plant Boiler Market Size, Power Plant Boiler Market Growth, Power Plant Boiler Market Analysis, Power Plant Boiler Market Report, Power Plant Boiler Market Share, Power Plant Boiler Market Trends, Power Plant Boiler Market Forecast, Power Plant Boiler Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Power Plant Boiler Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Power Plant Boiler Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Power Plant Boiler Market by Type
3.3.1: Pulverized Coal Towers
3.3.2: Circulating Fluidized Bed Boilers
3.3.3: Others
3.4: Global Power Plant Boiler Market by Technology
3.4.1: Subcritical
3.4.2: Supercritical
3.4.3: Ultra-supercritical
3.5: Global Power Plant Boiler Market by Fuel Type
3.5.1: Coal
3.5.2: Natural Gas
3.5.3: Nuclear Reactor
3.5.4: Petroleum
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Power Plant Boiler Market by Region
4.2: North American Power Plant Boiler Market
4.2.2: North American Power Plant Boiler Market by Fuel Type: Coal, Natural Gas, Nuclear Reactor, Petroleum, and Others
4.3: European Power Plant Boiler Market
4.3.1: European Power Plant Boiler Market by Type: Pulverized Coal Towers, Circulating Fluidized Bed Boilers, and Others
4.3.2: European Power Plant Boiler Market by Fuel Type: Coal, Natural Gas, Nuclear Reactor, Petroleum, and Others
4.4: APAC Power Plant Boiler Market
4.4.1: APAC Power Plant Boiler Market by Type: Pulverized Coal Towers, Circulating Fluidized Bed Boilers, and Others
4.4.2: APAC Power Plant Boiler Market by Fuel Type: Coal, Natural Gas, Nuclear Reactor, Petroleum, and Others
4.5: ROW Power Plant Boiler Market
4.5.1: ROW Power Plant Boiler Market by Type: Pulverized Coal Towers, Circulating Fluidized Bed Boilers, and Others
4.5.2: ROW Power Plant Boiler Market by Fuel Type: Coal, Natural Gas, Nuclear Reactor, Petroleum, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Power Plant Boiler Market by Type
6.1.2: Growth Opportunities for the Global Power Plant Boiler Market by Technology
6.1.3: Growth Opportunities for the Global Power Plant Boiler Market by Fuel Type
6.1.4: Growth Opportunities for the Global Power Plant Boiler Market by Region
6.2: Emerging Trends in the Global Power Plant Boiler Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Power Plant Boiler Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Power Plant Boiler Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Dongfang Electric
7.2: Bharat Heavy Electricals
7.3: Alstom
7.4: Mitsubishi
7.5: Hitachi Power Systems
7.6: Siemens
7.7: Harbin Electric
7.8: Kawasaki Heavy Industries
7.9: Doosan
7.10: General Electric
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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