Have You Look Power Plant Boiler Market Growing
Continuously in Forecast Period till 2021
The report "Power Plant Boiler Market, by Type (Pulverized Fuel, Circulation Fluidized Bed,
Others), by Technology (Subcritical, Supercritical, Ultra-supercritical), by Fuel Type (Coal,
Gas, Oil, and Others), & Region - Global Trends & Forecast to 2021". Rapid growth of
industrialization in countries such as China, India, Vietnam, and Brazil among others is expected
to demand a huge amount of electricity. To meet this growing demand of electricity,
governments are spending heavily in the development of new power plants and upgradation of
existing power plants. The development and upgradation of new and existing power plant prove
to be a potential market for utility boiler manufacturers. In developed countries such as U.S, U.K.
and Germany, government is promoting and constructing power plants using cleaner energy
such as biomass, biogas, waste-to-energy which will drive the advance utility boiler market.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
Browse 55 tables and 37 figures spread through 150 Pages and in-depth TOC on "Power
Plant Boiler Market - Global Trends & Forecast to 2021"
Easy availability, sourcing, and transportation of coal is expected to drive the market for
pulverized fuel type boiler
Power generation energy mix in most of the countries is dominated by coal. The overall capital
requirement for setting up a coal based power plant is comparatively less compared to other fuel
based power plants. Also, coal is easily available in most of the countries, and can also be
transported from one place to other without any hassle. Hence, pulverized fuel boiler is estimated
to control major share of the market due to large number of coal based power plant projects
especially in China and India.
Supercritical boiler technology to capture major share of power plant boiler market
Supercritical boilers have more efficiency compared to subcritical boilers and causes less COx,
NOx, and SOx emissions. These factors facilitates the technological advan cement of supercritical
boiler and hence the demand and number of installation for these boilers is the highest among
others. . However, with the advent of technology the ultra-supercritical technology boiler
manufacturers are coming with boilers which are superior in terms of efficiency and have lowest