Global Super Critical Boiler Market - Analysis by Deployment Location - Growth Trends and Forecasts 2017 - 2022

  • ID: 4386591
  • Report
  • Region: Global
  • 125 pages
  • Mordor Intelligence
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The market for global Super Critical Boiler (SCB) is expected to be USD XX billion at the end of the year 2015 and by the end of 2022 it is estimated to reach USDXX billion. The market is expected to grow at a rate of XX%. The term super critical boiler denotes the use of high temperature and high pressure inside the boiler chamber. In traditional boilers fuel is burnt generate steam which goes to spin the turbine blades. However in the case of super critical boilers due to extremely high pressure, which may reach up to 3,208 psi/221.2 bar or above. In these conditions the water instead of turning into gas from liquid reaches a state called super critical stage which can neither be called liquid nor gas. This in turn rotates the turbine. Later after passing through a condenser this substance cools down and turns into steam and water. Globally BENSON/SULZER type boiler has been the most popular technology to be used for this purpose. These boiler do not use drums unlike traditional systems and are able to evaporate water in just one pass using an evaporator, super heater and feed pump. The use of super critical technology has been recognized to be more efficient than traditional system during the Rankine cycle. This technology improves the thermal efficiency from 38% of the traditional system to 42%. Another requirement of this technology is the use of special alloys which can withstand such high temperature and pressure.

Super critical boiler technology is primarily used for power generation. Instead of traditional boilers that used to run at 2400 psi/1000 °F, these boilers operate at 3900 psi/1100 °F. These boilers are used in power generation plants. The capacity of these generators may range up to 600 MW. Power plants using coal, oil or gas make use of these type of boilers.

The driver for the super critical boilers is the demand for lowering the pollution during power generation process. Since this technology improves the thermal efficiency by 4%, this means the lowering of fuel demand for same amount of power generation. Also this means lesser generation of pollutants like CO2 and mercury. Roughly it is assumed that with every % improvement in thermal efficiency the generation of CO2 gets reduced by 2-3%. Also substantial savings are achieved in terms of cost due lowering of fuel cost because the cost of the fuel constitutes maximum cost for the power generation. Due to increased global pressure to reduce pollution several countries have adopted plans to support the use of super critical boilers. Also adding to the increase in pollution is the increasing demand for power from emerging countries which are trying to catch up with the developed nations. For development these countries are going for increase in industries which require power. So there is increased need for power which has to be generated not at the cost of higher pollution in the environment. So there is need for energy efficient technologies like SCB for this purpose. The restraint however is the high cost of installation of these type of boilers. The use of special alloys and advanced technology makes it costlier than traditional boilers. Another restraint is the reducing cost of solar PV cells. Due enhanced by several governments of major power producing countries there is increase in capacity addition for solar PV cells. This causes the prices of PV cells to reduce due to economies of scale and higher efficiencies in production. It is estimated that the prices of solar PV cells are likely to fall by more than 30% in next few years. Since PV cells represent a green alternative than thermal power stations, so the lowering of the price of the PV cells will result in reduction in demand for thermal power stations in hot countries.

Super critical boiler consists of several parts like, air preheater, economiser, electrostatic perspirator, boiler feed pump, turbine, fans and condensers. These are used in cola fired plants as well as oil based and gas based plants. Super critical boilers are of two types one being the super critical one and the other being the ultra-super critical boiler type. The later uses pressure that can reach up to 4600 psi and temperature up to 1120 °F and in the process it is able to increase the efficiency up to 44 %. Which 2% more than the super critical boilers.

The challenges for thermal power plants comes for land acquisition issues. Increasingly people are getting more aware of their rights and vocal about protecting them. These locals are concerned about losing their land either fully or partially and also worried about the impact of pollution on their livelihoods. There is however opportunities in regions of Asia and Africa. These regions are experiencing increase in their demand for power due to the development of their economy. Since the cost and time of execution of thermal power station is lower than other types of energy generation methods, there is expectation that, further increase in demands is expected for SCBs in medium term in this regions. For existing power plants which are designed as per older technology, there is a large market for replacement of boilers for these plants. Due to the inherent energy efficiency there is ample scope of power companies to seek energy credits for the use of super critical boilers.

Key Deliverables:

1. Market analysis for the global super critical boiler market, with region specific assessments and competition analysis on global and regional scales

2. Market definition along with the identification of key drivers and restraints

3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

4. Extensively researched competitive landscape section with profiles of major companies along with their market shares

5. Identification and analysis of the macro and micro factors that affect the global super critical boiler market on both global and regional scales

6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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1. Introduction
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period Years
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. Executive Summery
4. Key Inferences
5. Market Overview and Technology Trends
5.1 Current Market Scenario
5.2 Applications of Super Critical Boiler
5.3 Investment Analysis
5.4 Porters Five Forces Framework
5.5 Bargaining Power of Supplier
5.6 Bargaining Power of Consumer
5.7 Threat of New Entrants
5.8 Threat of Substitute of Products and Services
5.9 Competitive Rivalry Within The Industry
5.10 Drivers, Restraints, Opportunities, and Challenges Analysis (Endogenous Factors)
5.11 Market Drivers
5.11.1 Demand For Reducing Pollution During Energy Generation
5.11.2 Increasing Demand Of Electricity in Emerging Economies
5.12 Market Restraints
5.12.1 High Cost of Installation
5.12.2 Reducing Cost of Solar Power
5.13 Key Challenges
5.13.1 Land Acquisition in Democratic Countries
5.14 Current Opportunities in the Market
5.14.1 Rising Demand for Power in Asia and Africa
5.14.2 Up gradation of Existing Coal Based Power Plants
5.14.3 Availing Carbon Credits
5.15 Technology Trends
5.15.1 New Developments
5.15.2 Industry Value Chain Analysis
5.15.3 Product Life-Cycle Analysis
5.15.4 Product Benchmarking
6. Global Super Critical Boiler Market, by Component
6.1 Air preheater
6.2 Economizer
6.3 PA, SA & ID fans
6.4 Electrostatic precipitator
6.5 Boiler feed pump
6.6 Feed water heaters
6.7 Turbine
6.8 Condenser
6.9 CEP
7. Global Super Critical Boiler Market, by Type
7.1 Super Critical Boiler
7.2 Ultra Super Critical Boiler
8. Global Super Critical Boiler Market, by Industry
8.1 Coal based Plant
8.2 Oil Based Plant
8.3 Gas based Plant
9. Global Super Critical Boiler Market, by Geography – Regional Share and Forecasts
9.1 North America (NA)
9.1.1 Introduction
9.1.2 United States
9.1.3 Canada
9.1.4 Rest of North America
9.2 Europe
9.2.1 Introduction
9.2.2 Germany
9.2.3 United Kingdom
9.2.4 France
9.2.5 Italy
9.2.6 Spain
9.2.7 Russia
9.2.8 Rest of the Europe
9.3 Asia-Pacific (APAC)
9.3.1 Introduction
9.3.2 China
9.3.3 Japan
9.3.4 India
9.3.5 Australia
9.3.6 South Korea
9.3.7 Rest of Asia-Pacific
9.4 Middle-East and Africa (MEA)
9.4.1 Introduction
9.4.2 UAE
9.4.3 Saudi Arabia
9.4.4 Israel
9.4.5 Rest of the MEA
9.5 Latin America
9.5.1 Introduction
9.5.2 Brazil
9.5.3 Argentina
9.5.4 Mexico
9.5.5 Rest of Latin America
10. Competitive Landscape
10.1 Market Share Analysis
10.2 Organic and Inorganic Growth Strategies
10.3 Patent Analysis
10.4 The Challengers
10.5 Zero-Sum Quadrant
11. Key Vendor Analysis
11.1 Siemens AG
11.2 Mitsubishi Heavy Industries Ltd.
11.3 Alstom Ltd
11.4 Bharat Heavy Electricals Ltd (BHEL)
11.5 Shanghai Electric Company
11.6 Hitachi Power Systems Ltd.
11.7 Harbin Electric Company
11.8 Babcock & Wilcox (B&W)
11.9 General Electric (GE)
11.10 Doosan Heavy Industries & Construction
11.11 Dongfang Electric Corporation Ltd.
11.12 Daesein
12. Analyst Outlook for Investment Opportunities
13. Future Outlook of the Market
14. Appendix
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