Power Plant Boiler Market

Power Plant Boiler Market by Type (Pulverized Coal Towers, CFB, Others), Capacity (<400 MW, 400–800 MW, ≥800 MW), Technology (Subcritical, Supercritical, Ultra-supercritical), Fuel Type (Coal, Gas, Oil), and Region- Global Forecast to 2025

Report Code: EP 2379 Sep, 2020, by marketsandmarkets.com

[196 Pages Report] The global power plant boiler market size is projected to reach USD 22.8 billion by 2025, at a CAGR of 4.8%, from an estimated USD 18.1 billion in 2020. Increasing demand for electricity and a rise in the adoption of supercritical and ultra-supercritical boiler technologies to improve efficiency are expected to drive the market.

Power Plant Boiler Market

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Power plant boiler Dynamics

Driver: Increasing demand for electricity  

Power plant boilers use various fuels such as coal, natural gas, petroleum, and biomass/wastes to produce high-pressured steam so that plants can generate electricity. Electricity is the fastest-growing source of energy demand. According to the IEA, in the Stated Policies Scenario, the global electricity demand is projected to grow at 2.1% per year to 2040, which is twice the rate of primary energy demand. This increases the share of electricity in total final energy consumption from 19% in 2018 to 24% in 2040.

Developed countries continue to consume huge amounts of energy, thus increasing the demand in developing countries. Rising incomes, expanding industrial output, and growing services sector push the electricity demand. The US Energy Information Administration (EIA) has estimated world energy consumption to grow by nearly 50% between 2018 and 2050. Most of this growth is focused on regions where strong economic growth is driving demand, particularly in Asia Pacific. Asia Pacific was the largest consumer of electricity—accounting for almost 50% of the global consumption—in the world in 2018. According to the IEA, Southeast Asia’s electricity demand, growing at an average of 6% per year, has been among the fastest in the world.

Furthermore, in the US, net electricity generation increased by 4% in 2018, reaching a record high of 4,178 MWh due to increasing demand from commercial and residential sectors. Economic growth and industrial demand have also increased the consumption of electricity in Canada, Brazil, and Russia. Consumption of electricity also increased in the Middle East & Africa, especially in Egypt and Iran. Hence, increasing demand for electricity is likely to drive the power plant boiler market.

Restraint:  High capital requirement to install power plant boilers   

A power plant is a complex facility and requires high investments in terms of engineering, procurement, construction (EPC) or turnkey services, technology, among others. Construction costs for new power plants are widely dependent on the type of electricity generation technology it is harnessing. In addition, post-construction phases, such as maintenance, and installation of technology, also require considerable capital investment. Furthermore, stringent environmental regulations and the high cost of technology used in supporting power plants impact the final construction cost.

The cost of power plant boilers varies considerably due to design parameters and varying levels of after-sales support. These parameters include operating pressure, operating temperature, type of firing, and efficiency desired. The need for high pressure and high temperature increases the cost of the boiler. The installation of power plant boilers also requires huge capital. In addition, the system used for coal firing or gas firing in the boiler also influences the cost of the boiler. The costs of steam generation are usually referred to as a system cost covering the entire boiler life cycle. For a full-load steam system having a utilization rate of 86–94%, the cost of fuel accounts for 96% of the total life-cycle cost, whereas investments and operating and maintenance costs usually account for 3% and 1%, respectively. In addition, a power plant uses multiple boilers and multiple fuels, which increases cost. This cost is expected to remain the same due to the high level of technical expertise involved in the operation of industrial boilers, thus restraining the present market for power plant boilers.

Opportunity: Upgrading aging power plant boiler infrastructure 

Boilers are essential equipment for power plants. The replacement and upgrade of old equipment provide an attractive opportunity for many power producers. The increasing demand for reliable power delivery replacing older boilers with newer advanced, efficient boilers helps increases the thermal efficiency of power plants. Many companies are focusing on offering advanced boiler upgrades for coal- and gas-fueled power plants, which can contribute to their multiple fuel flexibility and reduce the potential impact of CO2 emissions. Developed countries such as the US, Canada, the UK, and Germany have aging power infrastructure with low-efficiency levels and high carbon emissions. Continuous investments are happening in these countries to improve the power generation capacity. According to the IEA, approximately USD 9,553 billion would be spent cumulatively on the construction of new power plants and the refurbishment of the existing ones across the world from 2014 to 2035, with 30% of the amount being used for fossil-fueled power plants. Such high investments in construction and upgrading aging infrastructure offer a lucrative opportunity for the power plant boiler market during the forecast period.

Challenge: Boiler efficiency and steam quality

Boiler efficiency measures how much combustion energy is converted into steam energy, while steam quality is a measurement of the amount of water entrained in the steam. The efficiency and steam quality of boilers play a crucial role in electricity generation. Low steam quality causes various problems such as frequent boiler shutdowns from low water level, damaged steam pipes and valves due to water hammer, vibration, corrosion, erosion, reduced capacity of steam heaters, and overloaded steam traps. In addition, water droplets in high-velocity steam can be as abrasive as sand particles. They can erode pipe fittings and valve seats. Such issues lead to equipment failure, and the resulting downtime can cause heavy loss to the operator. Inefficient boilers lead to higher fuel consumption and more harmful gas emissions that increase the cost of power generation. Owing to the burning of fuels such as coal, excessive ash gets deposits on a boiler’s heat transfer surfaces and reduces its efficiency, which can further lead to the shutdown of the boiler. The need to improve efficiency and steam quality to meet market demand is one of the key challenges faced by power plant boiler manufacturers.

Power Plant Boiler Market

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By type, the pulverized coal towers segment is the largest contributor in the power plant boiler market during the forecast period.

In pulverized coal tower type boilers, coal is pulverized to a fine powder. The pulverized coal is blown into the boiler plant through a series of burner nozzles using combustion air. Most coal-fired power stations and many large industrial water-tube boilers use pulverized coal.  The growth of this segment is driven by advancements in supercritical and ultra-supercritical technologies to upgrade conventional and aging power plant boilers to improve efficiency.

By capacity, the <400 MW segment is expected to grow at the fastest rate during the forecast period.

The <400 MW segment accounted for the highest share of the market, by component during the forecast period. Power plant boilers less than 400 MW are small-sized boilers in terms of capacity. These types of power plant boilers are used for reliable and stable baseloads on a smaller scale. Many companies are investing in providing advanced technologies for power plant boilers.

By technology, the supercritical segment is expected to be the largest contributor during the forecast period.

The supercritical segment held the largest share of the power plant boiler market in 2019. The focus on upgrading power infrastructure and the increased implementation of supercritical technology over subcritical are driving the growth of supercritical technology in the market. Furthermore, the efficiency of a supercritical boiler is higher because it consumes less fuel than a subcritical boiler to generate the same amount of heat energy.

Asia Pacific held the largest share of the market in 2019.

Asia Pacific accounted for the largest share of the power plant boiler market in 2019. The region has been segmented, by country, into China, Japan, India, and the Rest of Asia Pacific. China is the largest consumer of energy in the world. To meet the growing power demand, the country is investing heavily in setting up new power plants across all provinces to ensure a steady power supply for its industries. According to the China Electricity Council (CEC), China's total power capacity has continued to rise. In 2018, the country installed 120 GW of power generating capacity while in 2017, the country had added 133.7 GW of new capacity. The country is one of the major consumers of electricity in Asia Pacific, primarily due to its high rate of industrialization. Fossil fuels, particularly coal, are the major electricity generation sources in the country.

According to the US Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), India is expected to have the fastest-growing rate of energy consumption globally through 2050. By 2050, India is expected to consume more energy than the US by the mid-2040s, and its consumption will remain second only to China through 2050. This increase in consumption can be attributed to the growth of the manufacturing sector and rapid urbanization. These factors will drive the demand for coal- and gas-based boilers.

Power Plant Boiler Market

Key Market Players

Babcock & Wilcox Enterprise (US), Dongfang Electric Corporation (China), Doosan Heavy Industries & Construction (Korea), General Electric (US), and Mitsubishi Hitachi Power Systems (Japan) are the leading players in the power plant boiler market. Siemens, IHI Corporation, John wood Group, Bharat Heavy Electrical Limited, Thermax, Andritz Group, Sumitomo Heavy Industries, Valmet, and Harbin Electric are other players operating in the market are the leading players in the global market.

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Scope of the Report

Report Metric

Details

Market Size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Type, Capacity, Technology, Fuel Type, And Region.

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.

Companies covered

Babcock & Wilcox Enterprise, Dongfang Electric Corporation, Doosan Heavy Industries & Construction, General Electric,  Mitsubishi Hitachi Power Systems, Siemens, IHI Corporation, John wood Group, Bharat Heavy Electrical Limited, Thermax, Andritz Group, Sumitomo Heavy Industries, Valmet, and Harbin Electric.

This research report categorizes the power plant boiler market based on type, end-user, speed, and region.

Based on the type:

  • Pulverized Coal Towers
  • Circulating Fluidized Bed Boilers
  • Other Boilers

Based on the capacity:

  • <400 MW
  • 400–800 MW
  • ≥800 MW

Based on the technology:

  • Subcritical
  • Supercritical
  • Ultra-supercritical

Based on the fuel type:

  • Coal Based
  • Gas Based
  • Oil Based
  • Other Fuel Based

Based on the region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South & Central America

Recent Developments

  • In February 2020, General Electric was awarded a contract by Hitachi Zosen Corporation. Under the contract, General Electric will offer a steam turbine generator, CFB boiler, and air quality control system to the Kamisu Biomass Power Generation plant in Japan.
  • In April 2020, IHI Corporation collaborated with Malaysian utility Tenaga Nasional Berhad to demonstrate completed remote monitoring service utilizing IoT technology at the Manjung Coal-Fired Power Station, which is owned by TNBJ.
  • In June 2019, Mitsubishi Hitachi Power Systems, Ltd. (MHPS) established MHPS-(Philippines) Plant Services Corporation. MHPS-(Philippines) is a new company created to provide services for thermal power generation facilities in the Philippines.
  • In May 2018, Thermax completed the acquisition of 100% stake of Thermax Babcock & Wilcox Energy Solutions Pvt. Ltd. (TBWES). TBWES is a joint venture between Babcock & Wilcox India Holdings Inc and Thermax.
  • In December 2017, Mitsubishi Hitachi Power Systems, Ltd. (MHPS), collaborated with group companies in Africa and Europe to deliver the third boiler unit to the Medupi Power Station, South Africa. The newly delivered boiler is the fourth of 12 coal-fired units to be installed at the Medupi and Kusile power stations, with each unit providing a power output of 800 MW.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 SUBCRITICAL
           1.2.2 SUPERCRITICAL
           1.2.3 ULTRA-SUPERCRITICAL
    1.3 INCLUSION & EXCLUSION
           1.3.1 MARKET, BY TECHNOLOGY: INCLUSIONS VS. EXCLUSIONS
           1.3.2 MARKET, BY FUEL TYPE: INCLUSIONS VS. EXCLUSIONS
           1.3.3 MARKET, BY CAPACITY: INCLUSIONS VS. EXCLUSIONS
    1.4 MARKET SCOPE
           1.4.1 MARKET SEGMENTATION
           1.4.2 REGIONS COVERED
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
        FIGURE 1 POWER PLANT BOILER MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
    2.3 SCOPE
        FIGURE 3 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR POWER PLANT BOILER
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH
                 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.4.3 IDEAL DEMAND-SIDE ANALYSIS
                    2.4.3.1 Calculations
                    2.4.3.2 Assumptions
           2.4.4 SUPPLY-SIDE ANALYSIS
                 FIGURE 6 MAIN METRICS CONSIDERED IN ASSESSING SUPPLY FOR MARKET
                    2.4.4.1 Calculation
                    2.4.4.2 Assumptions
                            FIGURE 7 INDUSTRY CONCENTRATION, 2019
           2.4.5 FORECAST
    2.5 PRIMARY INSIGHTS

3 EXECUTIVE SUMMARY (Page No. - 42)
    3.1 SCENARIO ANALYSIS
        FIGURE 8 SCENARIO ANALYSIS: MARKET, 2018–2025
           3.1.1 OPTIMISTIC SCENARIO
           3.1.2 REALISTIC SCENARIO
           3.1.3 PESSIMISTIC SCENARIO
                 TABLE 1 MARKET SNAPSHOT
                 FIGURE 9 ASIA PACIFIC DOMINATED MARKET IN 2019
                 FIGURE 10 PULVERIZED COAL TOWERS SEGMENT TO CONTINUE TO HOLD LARGEST SHARE OF MARKET, BY TYPE, DURING FORECAST PERIOD
                 FIGURE 11 SUPERCRITICAL SEGMENT TO CONTINUE TO HOLD LARGEST SHARE OF MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD
                 FIGURE 12 COAL-BASED SEGMENT TO CONTINUE TO HOLD LARGEST SHARE OF MARKET, BY FUEL TYPE, DURING FORECAST PERIOD
                 FIGURE 13 <400-MW SEGMENT TO CONTINUE TO HOLD LARGEST SHARE OF MARKET, BY CAPACITY, DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN POWER PLANT BOILER MARKET
        FIGURE 14 INCREASING DEMAND FOR ELECTRICITY TO DRIVE MARKET DURING 2020–2025
    4.2 MARKET, BY REGION
        FIGURE 15 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET IN ASIA PACIFIC, BY FUEL TYPE & COUNTRY
        FIGURE 16 COAL AND CHINA LARGEST SHAREHOLDERS IN MARKET IN ASIA PACIFIC, BY FUEL TYPE AND COUNTRY, RESPECTIVELY, IN 2019
    4.4 MARKET, BY TYPE
        FIGURE 17 PULVERIZED COAL TOWERS SEGMENT TO CONTINUE TO DOMINATE MARKET, BY TYPE, 2025
    4.5 MARKET, BY TECHNOLOGY
        FIGURE 18 SUBCRITICAL SEGMENT TO DOMINATE MARKET, BY TECHNOLOGY, 2025
    4.6 MARKET, BY FUEL TYPE
        FIGURE 19 COAL-BASED SEGMENT TO DOMINATE MARKET, BY FUEL TYPE, 2025
    4.7 MARKET, BY CAPACITY
        FIGURE 20 <400-MW SEGMENT TO HOLD LARGEST SHARE OF MARKET, BY CAPACITY, 2025

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
        FIGURE 21 REVENUE SHIFT FOR POWER PLANT BOILER
    5.3 COVID-19 HEALTH ASSESSMENT
        FIGURE 22 COVID-19: GLOBAL PROPAGATION
        FIGURE 23 COVID-19 PROPAGATION IN SELECT COUNTRIES
    5.4 ROAD TO RECOVERY
        FIGURE 24 RECOVERY ROAD FOR 2020
    5.5 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 25 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020
    5.6 MARKET DYNAMICS
        FIGURE 26 POWER PLANT BOILER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.6.1 DRIVERS
                    5.6.1.1 Increasing demand for electricity
                            FIGURE 27 GLOBAL ELECTRICITY DEMAND BY REGION IN NEW POLICIES SCENARIO, 2011–2040
                    5.6.1.2 Rising consumption of clean fossil fuel
           5.6.2 RESTRAINTS
                    5.6.2.1 High capital requirement to install power plant boilers
                    5.6.2.2 Growth of renewable energy sources for power generation
                            FIGURE 28 GLOBAL MODERN RENEWABLE ENERGY GENERATION, BY SOURCE, 2011–2019
           5.6.3 OPPORTUNITIES
                    5.6.3.1 Upgrading aging power plant boiler infrastructure
                    5.6.3.2 Technological advancements and demand for compact designs
           5.6.4 CHALLENGES
                    5.6.4.1 Boiler efficiency and steam quality
                    5.6.4.2 Impact of COVID-19 on power plant boilers market
    5.7 AVERAGE SELLING PRICE TREND
    5.8 SUPPLY CHAIN OVERVIEW
        FIGURE 29 POWER PLANT BOILER SUPPLY CHAIN
           5.8.1 KEY INFLUENCERS
                    5.8.1.1 Raw material providers
                    5.8.1.2 Equipment manufacturers
                    5.8.1.3 End users
    5.9 CASE STUDY ANALYSIS
           5.9.1 INCREASED EFFICIENCY AND REDUCED EMISSIONS AT 2 POWER PLANTS IN TURKEY
                 TABLE 2 PROJECT STATISTICS
    5.1 MARKET MAP
        FIGURE 30 POWER PLANT BOILERS MARKET MAP

6 SCENARIO ANALYSIS (Page No. - 65)
    6.1 INTRODUCTION
    6.2 OPTIMISTIC SCENARIO
        TABLE 3 OPTIMISTIC SCENARIO: MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.3 REALISTIC SCENARIO
        TABLE 4 REALISTIC SCENARIO: MARKET, BY REGION, 2018–2025 (USD MILLION)
    6.4 PESSIMISTIC SCENARIO
        TABLE 5 PESSIMISTIC SCENARIO: MARKET, BY REGION, 2018–2025 (USD MILLION)

POWER PLANT BOILER MARKET, BY TYPE (Page No. - 68)

    7.1 INTRODUCTION
        FIGURE 31 PULVERIZED COAL TOWERS SEGMENT DOMINATED MARKET, BY TYPE, IN 2019
        TABLE 6 MARKET, BY TYPE, 2018–2025 (USD MILLION)
    7.2 PULVERIZED COAL TOWERS
           7.2.1 ADVANCEMENTS IN COMBUSTION TECHNOLOGIES TO DRIVE MARKET
                 TABLE 7 PULVERIZED COAL TOWERS: MARKET, BY REGION, 2018–2025 (USD MILLION)
    7.3 CIRCULATING FLUIDIZED BED (CFB) BOILERS
           7.3.1 GROWING DEMAND FOR FUEL FLEXIBILITY DRIVING MARKET
                 TABLE 8 CIRCULATING FLUIDIZED BED (CFB) BOILERS: MARKET, BY REGION, 2018–2025 (USD MILLION)
    7.4 OTHER BOILERS
        TABLE 9 OTHER BOILERS: MARKET, BY REGION, 2018–2025 (USD MILLION)

8 POWER PLANT BOILER MARKET, BY CAPACITY (Page No. - 73)
    8.1 INTRODUCTION
        FIGURE 32 <400 MW CAPACITY DOMINATED MARKET IN 2019
        TABLE 10 MARKET, BY CAPACITY, 2018–2025 (USD MILLION)
    8.2 <400 MW
           8.2.1 INCREASING INVESTMENTS TO INCREASE POWER PLANT EFFICIENCY
                 TABLE 11 <400 MW: MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.3 400–800 MW
           8.3.1 INCREASING DEPLOYMENT OF SUPERCRITICAL POWER PLANT BOILERS FOR RETROFITTING AGING POWER PLANT BOILERS
                 TABLE 12 400–800 MW: MARKET, BY REGION, 2018–2025 (USD MILLION)
    8.4 ≥800 MW
           8.4.1 RISE IN DEPLOYMENT OF ≥800-MW CAPACITY BOILERS
                 TABLE 13 ≥800 MW: POWER PLANT BOILER, BY REGION, 2018–2025 (USD MILLION)

9 POWER PLANT BOILER MARKET, BY TECHNOLOGY (Page No. - 77)
    9.1 INTRODUCTION
        FIGURE 33 SUPERCRITICAL SEGMENT DOMINATED MARKET IN 2019
        TABLE 14 MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
    9.2 SUBCRITICAL
           9.2.1 POTENTIAL DEMAND FOR SUBCRITICAL TECHNOLOGY IN APAC COUNTRIES
                 TABLE 15 SUBCRITICAL: MARKET, BY REGION, 2018–2025 (USD MILLION)
    9.3 SUPERCRITICAL
           9.3.1 UPGRADATION OF AGING INFRASTRUCTURE BY SHIFTING FROM SUBCRITICAL TO SUPERCRITICAL TECHNOLOGY
                 TABLE 16 SUPERCRITICAL: MARKET, BY REGION, 2018–2025 (USD MILLION)
    9.4 ULTRA-SUPERCRITICAL
           9.4.1 IMPROVED THERMAL EFFICIENCY FUELING MARKET FOR ULTRA-SUPERCRITICAL TECHNOLOGY
                 TABLE 17 ULTRA-SUPERCRITICAL: MARKET, BY REGION, 2018–2025 (USD MILLION)

10 POWER PLANT BOILER MARKET, BY FUEL TYPE (Page No. - 82)
     10.1 INTRODUCTION
          FIGURE 34 COAL-BASED SEGMENT DOMINATED MARKET IN 2019
          TABLE 18 MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
     10.2 COAL BASED
             10.2.1 RISING DEMAND FOR POWER GENERATION IN APAC
                    TABLE 19 COAL BASED: MARKET, BY REGION, 2018–2025 (USD MILLION)
     10.3 GAS BASED
             10.3.1 GROWING DEMAND FOR NATURAL GAS IN POWER GENERATION
                    TABLE 20 GAS BASED: MARKET, BY REGION, 2018–2025 (USD MILLION)
     10.4 OIL BASED
             10.4.1 HIGH AVAILABILITY OF CRUDE OIL RESERVES IN MIDDLE EAST TO DRIVE MARKET GROWTH
                    TABLE 21 OIL BASED: MARKET, BY REGION, 2018–2025 (USD MILLION)
     10.5 OTHER FUEL BASED
          TABLE 22 OTHER FUEL BASED: MARKET, BY REGION, 2018–2025 (USD MILLION)

11 POWER PLANT BOILER MARKET, BY REGION (Page No. - 87)
     11.1 INTRODUCTION
          FIGURE 35 ASIA PACIFIC POWER PLANT BOILERS MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          FIGURE 36 ASIA PACIFIC DOMINATED MARKET IN 2019
          TABLE 23 MARKET, BY REGION, 2018–2025 (TONS/HOUR)
          TABLE 24 MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.2 ASIA PACIFIC
          FIGURE 37 ASIA PACIFIC: REGIONAL SNAPSHOT
             11.2.1 BY TYPE
                    TABLE 25 ASIA PACIFIC: MARKET, BY TYPE, 2018–2025 (USD MILLION)
             11.2.2 BY CAPACITY
                    TABLE 26 ASIA PACIFIC: MARKET, BY CAPACITY, 2018–2025 (USD MILLION)
             11.2.3 BY TECHNOLOGY
                    TABLE 27 ASIA PACIFIC: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                    TABLE 28 ASIA PACIFIC: SUBCRITICAL MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 29 ASIA PACIFIC: SUPERCRITICAL MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 30 ASIA PACIFIC: ULTRA-SUPERCRITICAL MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             11.2.4 BY FUEL TYPE
                    TABLE 31 ASIA PACIFIC: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                    TABLE 32 ASIA PACIFIC: COAL-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 33 ASIA PACIFIC: GAS-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 34 ASIA PACIFIC: OIL-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 35 ASIA PACIFIC: OTHER FUEL-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             11.2.5 BY COUNTRY
                    TABLE 36 ASIA PACIFIC: POWER PLANT BOILER MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                        11.2.5.1 China
                                     11.2.5.1.1 Investments to increase power generation capacities driving market
                                     11.2.5.1.2 By fuel type
                                                TABLE 37 CHINA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.2.5.1.3 By technology
                                                TABLE 38 CHINA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.2.5.2 India
                                     11.2.5.2.1 Increasing domestic power demand driving market
                                     11.2.5.2.2 By fuel type
                                                TABLE 39 INDIA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.2.5.2.3 By technology
                                                TABLE 40 INDIA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.2.5.3 Japan
                                     11.2.5.3.1 Growing investments in setting up highly efficient thermal power plants and refurbishment of existing market to drive market
                                     11.2.5.3.2 By fuel type
                                                TABLE 41 JAPAN: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.2.5.3.3 By technology
                                                TABLE 42 JAPAN: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.2.5.4 Rest of Asia Pacific
                                     11.2.5.4.1 By fuel type
                                                TABLE 43 REST OF ASIA PACIFIC: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.2.5.4.2 By technology
                                                TABLE 44 REST OF ASIA PACIFIC: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
     11.3 EUROPE
          FIGURE 38 EUROPE: REGIONAL SNAPSHOT
             11.3.1 BY TYPE
                    TABLE 45 EUROPE: POWER PLANT BOILER MARKET, BY TYPE, 2018–2025 (USD MILLION)
             11.3.2 BY CAPACITY
                    TABLE 46 EUROPE: MARKET, BY CAPACITY, 2018–2025 (USD MILLION)
             11.3.3 BY TECHNOLOGY
                    TABLE 47 EUROPE: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                    TABLE 48 EUROPE: SUBCRITICAL MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 49 EUROPE: SUPERCRITICAL MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 50 EUROPE: ULTRA-SUPERCRITICAL MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             11.3.4 BY FUEL TYPE
                    TABLE 51 EUROPE: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                    TABLE 52 EUROPE: COAL-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 53 EUROPE: GAS-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 54 EUROPE: OIL-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 55 EUROPE: OTHER FUEL-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             11.3.5 BY COUNTRY
                    TABLE 56 EUROPE: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                        11.3.5.1 UK
                                     11.3.5.1.1 Discontinuation of coal-fired power plant boilers to boost demand for natural gas-fired power plant boilers
                                     11.3.5.1.2 By fuel type
                                                TABLE 57 UK: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.3.5.1.3 By technology
                                                TABLE 58 UK: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.3.5.2 Germany
                                     11.3.5.2.1 Rising adoption of ultra-supercritical driving market
                                     11.3.5.2.2 By fuel type
                                                TABLE 59 GERMANY: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.3.5.2.3 By technology
                                                TABLE 60 GERMANY: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.3.5.3 Russia
                                     11.3.5.3.1 Upgrading aged power infrastructure fueling market
                                     11.3.5.3.2 By fuel type
                                                TABLE 61 RUSSIA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.3.5.3.3 By technology
                                                TABLE 62 RUSSIA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.3.5.4 Rest of Europe
                                     11.3.5.4.1 By fuel type
                                                TABLE 63 REST OF EUROPE: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.3.5.4.2 By technology
                                                TABLE 64 REST OF EUROPE: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
     11.4 NORTH AMERICA
             11.4.1 BY TYPE
                    TABLE 65 NORTH AMERICA: POWER PLANT BOILER MARKET, BY TYPE, 2018–2025 (USD MILLION)
             11.4.2 BY CAPACITY
                    TABLE 66 NORTH AMERICA: MARKET, BY CAPACITY, 2018–2025 (USD MILLION)
             11.4.3 BY TECHNOLOGY
                    TABLE 67 NORTH AMERICA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                    TABLE 68 NORTH AMERICA: SUBCRITICAL MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 69 NORTH AMERICA: SUPERCRITICAL MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 70 NORTH AMERICA: ULTRA-SUPERCRITICAL MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             11.4.4 BY FUEL TYPE
                    TABLE 71 NORTH AMERICA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                    TABLE 72 NORTH AMERICA: COAL-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 73 NORTH AMERICA: GAS-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 74 NORTH AMERICA: OIL-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 75 NORTH AMERICA: OTHER FUEL-BASED MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             11.4.5 BY COUNTRY
                    TABLE 76 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                        11.4.5.1 US
                                     11.4.5.1.1 Power generation through gas-fired power plant driving market growth
                                     11.4.5.1.2 By fuel type
                                                TABLE 77 US: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.4.5.1.3 By technology
                                                TABLE 78 US: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.4.5.2 Canada
                                     11.4.5.2.1 Rising adoption of supercritical and ultra-supercritical to increase efficiency of power plants
                                     11.4.5.2.2 By fuel type
                                                TABLE 79 CANADA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.4.5.2.3 By technology
                                                TABLE 80 CANADA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
     11.5 MIDDLE EAST & AFRICA
             11.5.1 BY TYPE
                    TABLE 81 MIDDLE EAST & AFRICA: POWER PLANT BOILER MARKET, BY TYPE, 2018–2025 (USD MILLION)
             11.5.2 BY CAPACITY
                    TABLE 82 MIDDLE EAST & AFRICA: MARKET, BY CAPACITY, 2018–2025 (USD MILLION)
             11.5.3 BY TECHNOLOGY
                    TABLE 83 MIDDLE EAST & AFRICA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                    TABLE 84 MIDDLE EAST & AFRICA: SUBCRITICAL POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 85 MIDDLE EAST & AFRICA: SUPERCRITICAL POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 86 MIDDLE EAST & AFRICA: ULTRA-SUPERCRITICAL POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
             11.5.4 BY FUEL TYPE
                    TABLE 87 MIDDLE EAST & AFRICA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                    TABLE 88 MIDDLE EAST & AFRICA: COAL-BASED POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 89 MIDDLE EAST & AFRICA: GAS-BASED POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 90 MIDDLE EAST & AFRICA: OIL-BASED POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 91 MIDDLE EAST & AFRICA: OTHER FUEL-BASED POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
             11.5.5 BY COUNTRY
                    TABLE 92 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                        11.5.5.1 Saudi Arabia
                                     11.5.5.1.1 Government initiatives to meet rising power demand driving market
                                     11.5.5.1.2 By fuel type
                                                TABLE 93 SAUDI ARABIA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.5.5.1.3 By technology
                                                TABLE 94 SAUDI ARABIA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.5.5.2 South Africa
                                     11.5.5.2.1 Rapid industrialization and increasing power generation capacity driving market
                                     11.5.5.2.2 By fuel type
                                                TABLE 95 SOUTH AFRICA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.5.5.2.3 By technology
                                                TABLE 96 SOUTH AFRICA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.5.5.3 Egypt
                                     11.5.5.3.1 Increasing investments in power sector to meet rising demand
                                     11.5.5.3.2 By fuel type
                                                TABLE 97 EGYPT: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.5.5.3.3 By technology
                                                TABLE 98 EGYPT: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.5.5.4 Rest of Middle East & Africa
                                     11.5.5.4.1 By fuel type
                                                TABLE 99 REST OF MIDDLE EAST & AFRICA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.5.5.4.2 By technology
                                                TABLE 100 REST OF MIDDLE EAST & AFRICA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
     11.6 SOUTH & CENTRAL AMERICA
             11.6.1 BY TYPE
                    TABLE 101 SOUTH & CENTRAL AMERICA: POWER PLANT BOILER MARKET, BY TYPE, 2018–2025 (USD MILLION)
             11.6.2 BY CAPACITY
                    TABLE 102 SOUTH & CENTRAL AMERICA: MARKET, BY CAPACITY, 2018–2025 (USD MILLION)
             11.6.3 BY TECHNOLOGY
                    TABLE 103 SOUTH & CENTRAL AMERICA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                    TABLE 104 SOUTH & CENTRAL AMERICA: SUBCRITICAL POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 105 SOUTH & CENTRAL AMERICA: SUPERCRITICAL POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 106 SOUTH & CENTRAL AMERICA: ULTRA-SUPERCRITICAL POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
             11.6.4 BY FUEL TYPE
                    TABLE 107 SOUTH & CENTRAL AMERICA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                    TABLE 108 SOUTH & CENTRAL AMERICA: COAL-BASED POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 109 SOUTH & CENTRAL AMERICA: GAS-BASED POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 110 SOUTH & CENTRAL AMERICA: OIL-BASED POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
                    TABLE 111 SOUTH & CENTRAL AMERICA: OTHER FUEL-BASED POWER PLANT BOILER, BY COUNTRY, 2018–2025 (USD MILLION)
             11.6.5 BY COUNTRY
                    TABLE 112 SOUTH & CENTRAL AMERICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
                        11.6.5.1 Brazil
                                     11.6.5.1.1 Upgrading power infrastructure and increasing investments driving market
                                     11.6.5.1.2 By fuel type
                                                TABLE 113 BRAZIL: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.6.5.1.3 By technology
                                                TABLE 114 BRAZIL: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.6.5.2 Argentina
                                     11.6.5.2.1 Increasing investments in gas-fired power plant drive market
                                     11.6.5.2.2 By fuel type
                                                TABLE 115 ARGENTINA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.6.5.2.3 By technology
                                                TABLE 116 ARGENTINA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.6.5.3 Mexico
                                     11.6.5.3.1 Growing industrialization boosting market
                                     11.6.5.3.2 By fuel type
                                                TABLE 117 MEXICO: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.6.5.3.3 By technology
                                                TABLE 118 MEXICO: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        11.6.5.4 Rest of South & Central America
                                     11.6.5.4.1 By fuel type
                                                TABLE 119 REST OF SOUTH & CENTRAL AMERICA: MARKET, BY FUEL TYPE, 2018–2025 (USD MILLION)
                                     11.6.5.4.2 By technology
                                                TABLE 120 REST OF SOUTH & CENTRAL AMERICA: MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 137)
     12.1 OVERVIEW
          FIGURE 39 KEY DEVELOPMENTS IN GLOBAL MARKET, APRIL 2017–SEPTEMBER 2020
     12.2 MARKET EVALUATION FRAMEWORK
          FIGURE 40 MARKET EVALUATION FRAMEWORK: CONTRACTS & AGREEMENTS AND MERGER & ACQUISITIONS FUELED GROWTH OF COMPANIES FROM 2017 TO 2020
     12.3 COMPETITIVE SCENARIO
          TABLE 121 DEVELOPMENTS OF KEY PLAYERS IN MARKET, 2017–2020
     12.4 INDUSTRY CONCENTRATION, 2019
          FIGURE 41 INDUSTRY CONCENTRATION, 2019
     12.5 KEY MARKET DEVELOPMENTS
             12.5.1 CONTRACTS & AGREEMENTS
             12.5.2 INVESTMENTS & EXPANSIONS
             12.5.3 MERGERS & ACQUISITIONS
             12.5.4 PARTNERSHIPS, COLLABORATIONS, ALLIANCE, JOINT VENTURES, AND INVESTMENTS & EXPANSIONS
     12.6 COMPANY EVALUATION MATRIX TO DEFINITIONS AND METHODOLOGY
             12.6.1 STARS
             12.6.2 EMERGING LEADERS
             12.6.3 PERVASIVE
             12.6.4 PARTICIPANTS
     12.7 COMPANY EVALUATION MATRIX, 2019
          FIGURE 42 MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING (2019)
     12.8 WINNERS VS. TAIL ENDERS
             12.8.1 WINNERS
             12.8.2 TAIL ENDERS

13 COMPANY PROFILES (Page No. - 146)
(Business and Financial Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.1 GENERAL ELECTRIC
          FIGURE 43 GENERAL ELECTRIC: COMPANY SNAPSHOT
          FIGURE 44 GENERAL ELECTRICS: SWOT ANALYSIS
     13.2 SIEMENS
          FIGURE 45 SIEMENS: COMPANY SNAPSHOT
          FIGURE 46 SIEMENS: SWOT ANALYSIS
     13.3 BABCOCK & WILCOX ENTERPRISES, INC.
          FIGURE 47 BABCOCK & WILCOX ENTERPRISES, INC.: COMPANY SNAPSHOT
          FIGURE 48 BABCOCK & WILCOX ENTERPRISES, INC: SWOT ANALYSIS
     13.4 DONGFANG ELECTRIC CORPORATION LTD.
          FIGURE 49 DONGFANG ELECTRIC CORPORATION LTD.: COMPANY SNAPSHOT
     13.5 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION
          FIGURE 50 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: COMPANY SNAPSHOT
          FIGURE 51 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION: SWOT ANALYSIS
     13.6 SUMITOMO HEAVY INDUSTRIES, LTD.
          FIGURE 52 SUMITOMO HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
          FIGURE 53 SUMITOMO HEAVY INDUSTRIES, LTD.: SWOT ANALYSIS
     13.7 IHI CORPORATION
          FIGURE 54 IHI CORPORATION: COMPANY SNAPSHOT
     13.8 JOHN WOOD GROUP PLC
          FIGURE 55 JOHN WOOD GROUP PLC: COMPANY SNAPSHOT
     13.9 MITSUBISHI HITACHI POWER SYSTEMS, LTD.
     13.10 SOFINTER GROUP
     13.11 BHARAT HEAVY ELECTRICALS LIMITED
           FIGURE 56 BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT
     13.12 THERMAX LIMITED
           FIGURE 57 THERMAX LIMITED: COMPANY SNAPSHOT
     13.13 ANDRITZ GROUP
           FIGURE 58 ANDRITZ GROUP: COMPANY SNAPSHOT
     13.14 VALMET
           FIGURE 59 VALMET: COMPANY SNAPSHOT
     13.15 HARBIN ELECTRIC CORPORATION
* Business and Financial Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     13.16 JFE ENGINEERING CORPORATION
     13.17 ZHENGZHOU BOILER CO., LTD.
     13.18 RENTECH BOILER
     13.19 SHANGHAI ELECTRIC POWER CO., LTD.
     13.20 PJSC KRASNY KOTELSHCHIK

14 APPENDIX (Page No. - 189)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

This study involved four major activities in estimating the current power plant boiler market size. Exhaustive secondary research was done to collect information on the market and the peer market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and subsegments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, World Bank, BP Statistical Review of World Energy 2020, US DOE, and IEA, to identify and collect information useful for a technical, market-oriented, and commercial study of the global power plant boiler market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The market comprises several stakeholders, such as power companies, power plant boiler manufacturers, government and research organizations, consulting companies, and power & energy associations. The demand side of this market is characterized by estimating the year-on-year installed power generation capacity and replacement of power generation capacity each year. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as following—

Power Plant Boiler Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global power plant boiler market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Power Plant Boiler Market Size, and Share

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Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define and describe the global power plant boiler market by type, technology, fuel type, capacity, and region
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the global market with respect to individual growth trends, future expansions, and the contribution of each segment to the market
  • The impact of COVID-19 on the market has been analyzed for the estimation of the market size
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the global market with respect to the main regions (North America, Asia Pacific, Europe, South & Central America, and the Middle East & Africa)
  • To profile and rank key players and comprehensively analyze their market share
  • To analyze competitive developments such as contracts & agreements, expansions & investments, mergers & acquisitions, new product launches, and partnership & collaborations in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

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Company Information

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We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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