Global Power Boiler Market 2017-2021

Overview of the global power boiler market

Technavio's market research analysts predict that the global power boiler market will register a revenue of almost USD 26 billion by 2021. The developments in steam technology and material science has resulted in the production of innovative boilers with good performance, efficiency, and flexibility. Manufacturers market are concentrating on R&D activities to offer superior-quality and technically improved boilers with additional control features. According to our power boiler market report, there is a demand for CFB boilers is growing due to the need for power and stricter emission norms. CFB boilers are largely flexible in terms of fuel sources and work at low temperatures thus reducing harmful emissions such as sulfur dioxide (SO2), carbon dioxide (CO2) and nitrogen dioxide (NO2). With the introduction of better and new boiler technologies, the demand for power boilers will consequently increase during the next few years. According to our research and analysis, advancements in boiler technology will be one of the major factors that will have a positive impact on the growth of the power boiler market.

Our power boiler industry report suggested, the emergence of district heating centers using combined heat and power will be one of the latest trends that will contribute to the growth of this market. District heating systems and networks are set up in areas with high building density and consists of a single boiler generating heat and then transferred through a heat network to the representative buildings. A well-designed district heating system can attain efficiency levels of up to 90% making it cost effective and avoids the need for individual boilers. Moreover, district heating systems also reduce emission and assist in the creation of a safer living and work environment. The implementation of carbon tax policy by governments will be another major factor driving the need for district heating centers.

What's your takeaway?

Technavio's industry research report titled on the Global Power Boiler Market will help you-

• Identify latent opportunities and explorative solutions in the power boiler market
• Identify your key competition, and what's making them tick?
• Build a comprehensive marketing plan that's applicable across 50+ countries

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Competitive landscape and key vendors  

The power boiler market is quite fragmented and consists of several established international, regional, and local vendors. Numerous local and regional power boiler vendors offer highly customized and energy-efficient boilers at lesser prices compared to the international vendors. However, these local and regional vendors are finding it difficult to compete with the international vendors based on product quality, features, and service. The competitive environment in this market will intensify with the growing product extensions and technological innovation.

The leading vendors in the market are -

• Amec Foster Wheeler
• Babcock & Wilcox Enterprises
• DONGFANG BOILER GROUP
• General Electric
• Harbin Electric
• MITSUBISHI HITACHI POWER SYSTEMS

The other prominent vendors in the market are ANDRITZ, BHEL, BGR Energy Systems, Cethar, Doosan Lentjes, E.ON, F&H Crone B.V., FORMOSA HEAVY INDUSTRIES, Hangzhou Boiler Group, JFE ENGINEERING, Siemens, Thermax Global, TOSHIBA CORPORATION, Valmet, and ZHENGZHOU BOILER.

Segmentation by fuel-type and analysis of the power boiler market

• Coal-fired power boiler
• Gas-fired power boiler
• Oil-fired power boiler

During 2016, the coal-fired power boiler segment accounted for the major shares of the power boiler market. The affordability of these boilers and the safety, efficiency, and reliability they offer will be the factors contributing to the growth of this industry segment during the next few years.

Geographical segmentation and analysis of the power boiler market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the power boiler market throughout the forecast period. This is mainly due to the rising electricity demand and the infrastructural development activities in the region. Countries such as China, India, Australia, South Korea, Taiwan, Singapore, and Japan will contribute significant revenue to the market in this region.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2021?
• What are the key factors driving the global power boiler market?
• What are the key market trends impacting the growth of the global power boiler market?
• What are the challenges to market growth?
• Who are the key vendors in the global power boiler market?
• What are the market opportunities and threats faced by the vendors in the global power boiler market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global power boiler market?

Technavio also offers customization on reports based on specific client requirement.

A power boiler is a closed vessel that uses several types of fuels to generate steam, which is then used to generate electricity. The machine usually includes a heat source (furnace) and a heat transfer medium (pipes or tubes for heat exchange) that allow helps generate steam. This upcoming industry research report on the global power boiler market also offers insights into the major trends and forthcoming drivers influencing the growth of the energy industry. Our industry reports for the energy industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like power.  

By considering the market forecast and size and the surging demand for various segments in the power sector, the market research professionals at Technavio present an all-inclusive picture of the global power boiler market for the period of 2017 to 2021. Furthermore, our research practices help clients develop impactful growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the inference of the information gathered from specific resources such as channel partners and market stakeholders.

This forthcoming market research report on the global power boiler market also covers vendors like Amec Foster Wheeler, Babcock and Wilcox, Dongfang Boiler Group, General Electric, and Mitsubishi Hitachi Power Systems. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche market segments, this report on the global power boiler market also offers an extensive study of the power sector based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

The upcoming industry research report on the global power boiler market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the power sector currently experiences. This upcoming report on the global power boiler market presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the energy industry. Technavio also provides deep-dive market assessments into the sectors such as energy storage and smart grid.