The report covers advanced boilers used in power generation industry and provides detailed analysis based on type, technology, and fuel type of boiler. There are no replacements for boilers in the power generation industry till date. However, power generation industry is slowly moving towards cleaner energy such as solar power generation and wind power generation and gas turbines. These technologies do not require boiler for power generation and is expected to create a hurdle in the growth of advanced boiler market.
The report covers major market players such as Siemens AG (Germany), AMEC Foster Wheeler (U.K.), Babcock & Wilcox (U.S.), GE (U.S.) along with other prominent manufacturers of power plant boilers.
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The market has been segmented into -
On the basis of Type
·
Pulverized fuel Boiler
·
Circulation Fluidized Bed Boiler
·
Others
On the basis of Technology
·
Subcritical
·
Supercritical
·
Ultra-Supercritical
On the basis of Fuel Type
·
Coal
·
Oil
·
Gas
·
Others
-Major regions have been identified along
with countries, which have contributed the maximum share
-Secondary research have been conducted to
find the power generation capacity expansion (by energy source)
-The energy sources were further broken to
identify the ones using boiler
-The split for boilers (by type, by
technology, and by fuel type) has been calculated by conducting primary
research with industry participants, subject matter experts, C-level executives
of key market players, and industry consultants among other experts, which
helped to obtain and verify critical qualitative and quantitative information
as well as assess future market prospects
-Revenues of top companies (regional/global),
boiler pricing, and industry trends along with top-down, bottom-up, and MnM
KNOW have been used to estimate market size.
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The power plant boilers using coal as fuel are estimated to hold major share of the power plant boiler market. The coal based boiler market is primarily driven by Asian countries, namely, China and India which make up for more than 50% of the coal fuel based boilers. Coal can be easily transported through land and sea, making it a popular choice for power plants, especially in countries lacking gas or oil distribution network. Hence, developing countries are expected to witness more demand for coal fuel boilers as compared to developed countries.
Supercritical technology boilers led the power plant boiler market by contributing major share in 2015 in the market size. Supercritical technology boilers have high efficiency and low carbon and other greenhouse gas emission compared to subcritical technology boiler. This feature has led to decent demand for supercritical boilers in developing countries. Also this technology is readily available with most of the utility boiler manufacturer giving supercritical technology high growth.
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Asia-Pacific to dominate the global power plant boiler market
Rapid industrialization in China, India, and other developing countries, and switch to cleaner power generation sources such as biogas and biomass in developed countries is estimated to drive the market for power plant boilers in Asia-Pacific region.
Study answers several questions for the stakeholders which include:
·
Power plant boiler manufacturers
·
EPC companies
·
Utility service providers
·
Distributers and suppliers
·
Consulting firms
·
Private equity groups
·
Investment houses
·
Equity research firms and other stakeholders
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