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Power Plant Boilers: Global Strategic Business Report

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    Report

  • 274 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2785227

Global Power Plant Boilers Market to Reach $32 Billion by 2030

The global market for Power Plant Boilers estimated at US$19 Billion in the year 2022, is projected to reach a revised size of US$32 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030. Pulverized Coal Towers, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$20.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Circulating Fluidized Bed Boilers segment is readjusted to a revised 5.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 10.9% CAGR

The Power Plant Boilers market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Select Competitors (Total 44 Featured) -

  • ANDRITZ AG
  • Bharat Heavy Electricals Limited
  • Bosch Industriekessel GmbH
  • Cannon Far East
  • China Western Power Industrial Co., Ltd.
  • Cleaver-Brooks, Inc.
  • Danstoker A/S
  • Doosan Heavy Industries & Construction Co. Ltd.
  • Doosan Lentjes GmbH
  • GE Power
  • Hangzhou Boiler Group Co., Ltd.
  • Harbin Boiler Company Limited
  • IHI Corporation
  • John Wood Group PLC
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Miura Co., Ltd.
  • Outotec Oyj
  • Shanghai SMEC Enterprise Co., Ltd.
  • Sichuan Dongfang Boiler Group Co., Ltd.
  • Siemens AG
  • Sumitomo SHI FW
  • Takuma Co., Ltd.
  • Thermax Limited
  • Valmet Oyj
  • Wuhan Boiler Co., Ltd.

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Power Plant Boilers

What is the estimated value of the Global Market for Power Plant Boilers?

The Global Market for Power Plant Boilers was estimated to be valued at $17.8 Billion in 2020.

What is the growth rate of the Global Market for Power Plant Boilers?

The growth rate of the Global Market for Power Plant Boilers is 5.7%, with an estimated value of $26.3 Billion by 2027.

What is the forecasted size of the Global Market for Power Plant Boilers?

The Global Market for Power Plant Boilers is estimated to be worth $26.3 Billion by 2027.

Who are the key companies in the Global Market for Power Plant Boilers?

Key companies in the Global Market for Power Plant Boilers include ANDRITZ AG, Bharat Heavy Electricals Limited, Bosch Industriekessel GmbH, Cannon Far East, China Western Power Industrial Co., Ltd., Cleaver, Brooks, Inc., Danstoker A/S, Doosan Heavy Industries & Construction Co. Ltd. and Doosan Lentjes GmbH.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Power Boilers: Steam Generation Systems for Power Generation at the Utility Level
  • Recent Market Activity
  • Growing Number of Thermal Power Plants with Enhanced Operational Efficiencies and Reduced Emissions: The Fundamental Growth Driver
  • Clean Coal Power Technologies to Drive Global Thermal Power Generation Sector
  • Rising Investments in Clean Technology-Based Coal Power Capacities
  • Need for Attaining Energy Security, Stability, and Independence while Minimizing Carbon Footprint Drive Adoption
  • Cleaner Coal Technologies: Need of the Hour in the United States
  • Market Fortunes Intrinsically Tied to Trends in the Global Energy Sector
  • Global Energy Trends Summarized
  • Slower Growth
  • New Technologies and Fuels to Provide Competitive Advantage
  • Policies Encourage Clean Energy
  • Changing Global Power Sector Landscape
  • Power Sector Innovations: Both Supportive and Disruptive
  • Cyber Security Become Critical
  • Global Market Outlook
  • Improving Economy Signals Market Growth Opportunities
  • China: Growth Engine for the Global Power Boilers Market
  • Coal Power Continues to Dominate Chinese Power Generation
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Power Boilers - Global Key Competitors Percentage Market Share in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • AC Boilers S.p.A. (Italy)
  • ANDRITZ AG (Austria)
  • ANDRITZ Energy & Environment GmbH (Austria)
  • Babcock & Wilcox Enterprises, Inc. (USA)
  • Bosch Industriekessel GmbH (Germany)
  • Bharat Heavy Electricals Limited (India)
  • Cannon Far East (China)
  • China Western Power Industrial Co., Ltd. (China)
  • Cleaver-Brooks, Inc. (USA)
  • Doosan Heavy Industries & Construction Co. Ltd., (South Korea)
  • Doosan Lentjes GmbH (Germany)
  • GE Power (USA)
  • Wuhan Boiler Co., Ltd. (China)
  • Hangzhou Boiler Group Co., Ltd. (China)
  • Harbin Electric Corporation Co., Ltd (China)
  • Harbin Boiler Company Limited (China)
  • IHI Corporation (Japan)
  • John Wood Group PLC (UK)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • Larsen & Toubro Limited (India)
  • LOINTEK (Spain)
  • Mitsubishi Hitachi Power Systems, Ltd. (MHPS) (Japan)
  • Miura Co., Ltd. (Japan)
  • Outotec Oyj (Finland)
  • Shanghai SMEC Enterprise Co., Ltd. (China)
  • Sichuan Dongfang Boiler Group Co., Ltd. (China)
  • Siemens AG (Germany)
  • Sumitomo SHI FW (Japan)
  • Taishan Group Tai'an Boao International Trade Co., Ltd. (China)
  • Takuma Co., Ltd. (Japan)
  • Thermax Limited (India)
  • Danstoker A/S (Denmark)
  • Valmet Oyj (Finland)
3. MARKET TRENDS & DRIVERS
  • Steady Proliferation of Smart Power Boilers Featuring NOx Reduction, Fuel Flexibility, and Improved Operational Efficiency Drives Market Growth
  • Power Generation Facilities of the Future to be 'Connected' for Greater Operational Efficiencies
  • Boiler Optimization: Enhancing Operating Efficiency during Power Generation
  • Market Maturity Encourages Vendors to Focus on Integrated Optimization Offerings
  • Hybrid Optimization Technologies: A Potential Game Changer
  • Snapshot of Select Advanced Technologies Used for Boiler Optimization
  • Novel Smart Technology to Monitor Boiler Water Level
  • The Urgent Need for Retrofitting to Make Legacy Boilers Future-Ready Drives Market Demand for New-Age Boiler Systems and Solutions
  • Fully Metered System or Parallel Positioning
  • VFDS & O2 TRIM
  • Tradeoffs
  • Low NOx Burners
  • Liquid Wood
  • Surging Energy Consumption and the Resulting Rise in Power Generation Provides the Perfect Platform for Market Growth
  • Boiler Demand Benefits from Continued Dominance of Coal-Fired Power Generation despite Rising Interest in Renewable Sources
  • Declining Production Cost of Coal-Fired Power Generation Bodes Well for the Market
  • Despite Coal-Fired Thermal Power Dominance,Several Issues Hamper Market Prospects for Boilers
  • Inherent Benefits of High Efficiency, Low Costs, and Lower Carbon Footprint Drive Demand for Circulating Fluidized Bed Boilers
  • Benefits of CFB Boiler Technology
  • Utilities Embrace CFB Technology for Fuel Flexibility
  • Transition towards Flexible Solid Fuels
  • Advantages of CFB over PC Boilers
  • CFB Technology's Place in the Global Renewables Landscape
  • CFB Option Provides Optimal Value
  • Asia-Pacific: The CFB Boiler Market with the Highest Growth Potential
  • Need to Enhance Efficiency Levels of Thermal Power Plants Drive Demand for Waste Heat Boilers
  • Ongoing Shift to Renewable Energy Sources Rubs Off Sheen of Fossil Fuel Power
  • Technology Innovations and Advancements: Spearheading Growth
  • Artificial Intelligence (AI) for Testing Coal Plant Boiler Combustion
  • Drones for Safer Visual Assessment of Boilers
  • New Advanced Green Boiler Technology by PARAT Halvorsen
  • ABB Ability: Enabling Utilities to Monitor Power Plants Remotely
  • Sophisticated HRSG and Boiler Designs
  • Advanced PFBC (A-PFBC)
  • Integrated Coal Gasification Combined Cycle (IGCC)
  • Supercritical Technology
  • Aging Power Boiler Units Provide Revenue-Generation Opportunities for MRO Service Providers
  • Growing Demand for Biomass as an Energy Source in Utility Boilers
  • The Important Role of Energy Conservation in Boilers
  • Feed Water Preheating using Economizer
  • Stack Temperature
  • Combustion Air Preheat
  • Incomplete Combustion
  • Excess Air Control
  • Automatic Blowdown Control
  • Heat Loss Due to Convection and Radiation
  • Lowering of Soot Losses and Scaling
  • Proper Boiler Scheduling
  • Impact of Boiler Loading on Efficiency
  • Variable Speed Control
  • Lowering Boiler Steam Pressure
  • Boiler Replacement
  • Developing Economies to Drive Current and Future Market Growth
  • Liberalization and Privatization in Developing Countries Offer Significant Growth Opportunities
  • Exponential Increase in Global Population & Urbanization Rate: A Mega Trend Benefiting Market Prospects
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Power Plant Boilers Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Power Plant Boilers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 3: World Historic Review for Power Plant Boilers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 4: World 16-Year Perspective for Power Plant Boilers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Pulverized Coal Towers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World Historic Review for Pulverized Coal Towers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 7: World 16-Year Perspective for Pulverized Coal Towers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Circulating Fluidized Bed Boilers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 9: World Historic Review for Circulating Fluidized Bed Boilers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 10: World 16-Year Perspective for Circulating Fluidized Bed Boilers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Other Boiler Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 12: World Historic Review for Other Boiler Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 13: World 16-Year Perspective for Other Boiler Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Coal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 15: World Historic Review for Coal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 16: World 16-Year Perspective for Coal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 18: World Historic Review for Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 19: World 16-Year Perspective for Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 21: World Historic Review for Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: World 16-Year Perspective for Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Other Fuel Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 24: World Historic Review for Other Fuel Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 25: World 16-Year Perspective for Other Fuel Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Power Plant Boilers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ANDRITZ AG
  • Bharat Heavy Electricals Limited
  • Bosch Industriekessel GmbH
  • Cannon Far East
  • China Western Power Industrial Co., Ltd.
  • Cleaver-Brooks, Inc.
  • Danstoker A/S
  • Doosan Heavy Industries & Construction Co. Ltd.
  • Doosan Lentjes GmbH
  • GE Power
  • Hangzhou Boiler Group Co., Ltd.
  • Harbin Boiler Company Limited
  • IHI Corporation
  • John Wood Group PLC
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Miura Co., Ltd.
  • Outotec Oyj
  • Shanghai SMEC Enterprise Co., Ltd.
  • Sichuan Dongfang Boiler Group Co., Ltd.
  • Siemens AG
  • Sumitomo SHI FW
  • Takuma Co., Ltd.
  • Thermax Limited
  • Valmet Oyj
  • Wuhan Boiler Co., Ltd.