Power Plant Boiler Market Set for Rapid Growth and Trend, by 2021

The power plant boiler market is projected to reach USD 24.40 Billion by 2021. The market size was valued at USD 19.16 Billion in 2015 and is expected to grow at a CAGR of 4.1% during the forecast period. The market has been segmented on the basis of type, technology, fuel type, and region.

The report covers major market players such as Siemens AG (Germany), AMEC Foster Wheeler (U.K.), Babcock & Wilcox (U.S.), GE (U.S.) along with other prominent manufacturers of power plant boilers.

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Scope of the report:

• This study estimates the global market of power plant boiler, in terms of USD till 2021
• It offers a detailed qualitative and quantitative analysis of this market
• It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market
• It covers various important aspects of the market. These include analysis of value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the power plant boiler market.

The market has been segmented into -

On the basis of Type

• Pulverized fuel Boiler
• Circulation Fluidized Bed Boiler
• Others

On the basis of Technology

• Subcritical
• Supercritical
• Ultra-Supercritical

On the basis of Fuel Type

• Coal
• Oil
• Gas
• Others

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The power plant boilers using coal as fuel are estimated to hold major share of the power plant boiler market. The coal based boiler market is primarily driven by Asian countries, namely, China and India which make up for more than 50% of the coal fuel based boilers. Coal can be easily transported through land and sea, making it a popular choice for power plants, especially in countries lacking gas or oil distribution network. Hence, developing countries are expected to witness more demand for coal fuel boilers as compared to developed countries.

Supercritical technology boilers led the power plant boiler market by contributing major share in 2015 in the market size. Supercritical technology boilers have high efficiency and low carbon and other greenhouse gas emission compared to subcritical technology boiler. This feature has led to decent demand for supercritical boilers in developing countries. Also this technology is readily available with most of the utility boiler manufacturer giving supercritical technology high growth.

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Asia-Pacific to dominate the global power plant boiler market

Rapid industrialization in China, India, and other developing countries, and switch to cleaner power generation sources such as biogas and biomass in developed countries is estimated to drive the market for power plant boilers in Asia-Pacific region.

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