Power Plant Boiler Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030
Power Plant Boiler Market: Market Segments: By Type (Pulverized fuel combustion, Fluidized bed combustion and Others); By Technology (Subcritical, Supercritical and Ultra-critical); By Fuel type (Petroleum, Nuclear, Natural gas, Coal and Renewables); By Capacity (<400 MW, 400–800 MW and ≥800 MW); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Power Plant Boiler is a type of machine used to produce heat through the generation of electricity using water heat energy. The boiler is built into a furnace that combusts fossil fuels and creates heat to form steam that is passed into the water. Over the years, the efficiency of these boilers has improved dramatically, with some systems having up to 90 percent fuel-to-steam efficiency.
Market Highlights
Power Plant Boiler Market is expected to project a notable CAGR of 4.5% in 2030.
Power Plant Boiler Market to surpass USD 24.3 Billion by 2030 from USD 19.5 Billion in terms of value growing at a CAGR of 4.5% throughout the forecast period, i.e., 2020-30. Due to the rapidly growing demand for industrialization and urbanization around the world, the Power Plant Boiler Market is experiencing major growth.
Power Plant Boiler Market: Segments
Fluidized bed combustion segment to grow with the highest CAGR of 13.2% during 2020-30
Power Plant Boiler Market is segmented by Type as Pulverized fuel combustion, Fluidized bed combustion and Others. The pulverized fuel combustion segment is estimated to lead the market with a share of over 54.2% in 2019 which as this is universally adopted for large-scale power plants. The method of pulverized fuel combustion requires powdered coal, which is used to increase the area of combustion exposure.
Power Plant Boiler Market: Market Dynamics
Drivers
Rapid Industrialization in Developing Countries
Market growth is boosted by factors such as rising urbanization, increasing demand for electricity, demand for boilers based on coal fuel, and the number of projects to increase power capacity. Moreover, technical developments and advancements in the process of rising efficiency and reducing carbon emissions are likely to drive industry innovation.
Restrain
High capital requirement to install power plant boilers
High capital expenditure and high installation costs for power plants are major factors that limit the growth of the global power plant boiler market. Moreover, post-construction stages, such as repair and technology installation, often entail significant capital investment. In addition, the final construction cost is influenced by strict environmental legislation and the high cost of technology used in supporting power plants.
Power Plant Boiler Market: Key Players
• Dongfang Electric Corporation Ltd.
• Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
•
• IHI Corporation
• Doosan Heavy Industries & Construction
• Siemens AG
• Thermax Ltd.
• GE Power
• Babcock & Wilcox Enterprises Inc.
• Bharat Heavy Electricals Ltd.
• Harbin Electric Corporation Co. Ltd.
• Mitsubishi Hitachi Power Systems Ltd
Power Plant Boiler Market: Regions
Power Plant Boiler Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Power Plant Boiler Market in APAC led the market with a lion share of more than 50% in 2019 and is projected to maintain its lead over the forecast period. As power consumption in the area increases at an exponential rate, APAC is experiencing a huge demand for the product and is witnessing growth potential. The region's rapid urbanization is a crucial growth factor. The fastest growth in the urban population is expected to occur in India and China. It is expected that rapid industrialization and the rising transportation sector in India and China would increase energy demand. In order to minimize carbon emissions, both nations plan to implement electric vehicles in their respective countries. Unique subsidies are provided by the central government in China to manufacturers of electric vehicles and plug-in hybrid cars to encourage the selling of electric vehicles in the region. Factors such as government-led initiatives to sell electric vehicles are likely to further strain power resources, resulting in the need for excess power.
Power Plant Boiler Market report also contains analysis on:
Power Plant Boiler Market Segments:
By Type:
• Pulverized Coal Towers
• Circulating Fluidized Bed Boilers
• Other
By Technology:
• Subcritical
• Supercritical
• Ultra-critical
By Fuel type:
• Petroleum
• Nuclear
• Natural gas
• Coal
• Renewables
By Capacity:
• <400 MW
• 400–800 MW
• ≥800 MW
• Power Plant Boiler Market Dynamics
• Power Plant Boiler Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Power Plant Boiler Market
· Which segment is anticipated to hold the largest market share
· At what CAGR is the market anticipated to grow between 2020 and 2030
· Who are the key players in the Power Plant Boiler Market
· What could be the challenging factors in the growth of Power Plant Boiler Market
· What are the growth drivers for the Power Plant Boiler Market
Contents
1. Executive Summary
2. Power Plant Boiler Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Power Plant Boiler Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Power Plant Boiler Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Power Plant Boiler: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Pulverized fuel combustion, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Fluidized bed combustion, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Technology: Market Share (2020-2030F)
12.3.1. Subcritical, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Supercritical, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Ultra-critical, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4. By Fuel type: Market Share (2020-2030F)
12.4.1. Petroleum, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Nuclear, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Natural gas, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.4. Coal, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.5. Renewables, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5. By Capacity: Market Share (2020-2030F)
12.5.1. <400 MW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5.2. 400–800 MW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.5.3. ≥800 MW, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Dongfang Electric Corporation Ltd.
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. IHI Corporation
13.3. Doosan Heavy Industries & Construction
13.4. Siemens AG
13.5. Thermax Ltd.
13.6. GE Power
13.7. Babcock & Wilcox Enterprises Inc.
13.8. Bharat Heavy Electricals Ltd.
13.9. Harbin Electric Corporation Co. Ltd.
13.10. Mitsubishi Hitachi Power Systems Ltd.
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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