Energy and Power Power Plant Boiler Market1

Download PDF Brochure Here: https://www.marketsandmarkets.com/pdfdownload.asp?id=117514945 Developing countries are going through urbanization and industrialization which has led to increase in power demand. To keep up with the growing demand, governments are investing in the construction of new power plants and are upgrading the existing power plants. Developed countries such as U.K., U.S. and the Netherlands are setting up power plants which use cleaner fuels such as biomass, bio gas, and natural gas thereby adding to power plant boiler demand. 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. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=117514945 Asia-Pacific is the largest market, by size, and is estimated to grow at the highest rate due to large number of power capacity expansion projects in China and India. To meet the growing demand for power, China alone is expected to add about 70 GW to 90 GW of capacity every year to its power generation sector, whereas India is expected to add about 10 GW to 20 GW every year. This has led to high demand for boilers in these countries making Asia -Pacific a lucrative market for power plant boiler manufacturers. Related Reports: Critical Power and Cooling Market SCADA Oil & Gas Market Visit to Blog: https://energyandpowerdotblog.wordpress.com About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Energy and Power Power Plant Boiler Market1 | Page 2