The latest report by IMARC Group, titled “Power Plant Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Power Plant Boiler Market Share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global power plant boiler market size reached US$ 19.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028. A boiler is used in power plants to produce high pressured steam through which the plant can generate electricity. It is used in industries that use steam for a variety of purposes. It uses energy from various fuels, such as coal, natural gas, nuclear, and other pulverized fuels, that convert it into steam. It is built into a furnace that combusts fossil fuels and creates heat to form steam that is passed into the water. A power plant boiler is mainly used to manufacture electricity in the energy industry.
Request for a free sample copy of this report: https://www.imarcgroup.com/power-plant-boiler-market/requestsample
Global Power Plant Boiler Market Trends:
The global market is majorly driven by the rising demand for electricity. In line with this, rapid industrialization and urbanization are positively influencing the market. Furthermore, continual replacement and upgradation of old equipment are offering numerous growth opportunities for the market. Apart from this, the adoption of supercritical and ultra-supercritical boiler technologies to improve efficiency is catalyzing the market. Moreover, various companies are focusing on offering advanced boiler upgrades for coal- and gas-fueled power plants, which can contribute to their considerable fuel flexibility and reduce the potential impact of CO2 emissions. Besides this, continual technical developments and advancements in the process of raising efficiency and reducing carbon emissions are propelling the market growth.
Competitive Landscape With Key Players :
- Power Plant Boiler Market being Babcock & Wilcox
- AMEC Foster Wheeler
- Dongfang Electric
- General Electric
- Doosan Heavy Industries & Construction
- BHEL
- Mitsubishi Hitachi Power Systems
- Siemens
- IHI Corporation
- Thermax
Key Market Segmentation:
Breakup by Type:
- Pulverized Fuel Boiler
- Circulation Fluidized Bed Boiler
- Others
Breakup by Technology:
- Subcritical
- Supercritical
- Ultra-Supercritical
Breakup by Fuel Type:
- Coal
- Oil
- Gas
- Other
Breakup by Input Capacity:
- < 10 MMBtu/Hr
- 10-50 MMBtu/Hr
- 50-100 MMBtu/Hr
- 100-250 MMBtu/Hr
- > 250 MMBtu/Hr
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
