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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

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 (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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.

Table Information