Power Plant Boiler Market Report: Trends, Forecast and Competitive Analysis to 2030

Power Plant Boiler Trends and Forecast

The future of the global power plant boiler market looks promising with opportunities in the coal, natural gas, nuclear reactor, and petroleum markets. The global power plant boiler market is expected to reach an estimated $24.1 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are growing demand for electricity, continuous technological advancements in power plant boilers, and rising demand for low emission industrial boilers.

A more than 150-page report is developed to help in your business decisions.

Power Plant Boiler by Segment

The study includes a forecast for the global power plant boiler by type, technology, fuel type, and region.

Power Plant Boiler Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Pulverized Coal Towers
• Circulating Fluidized Bed Boilers
• Others

Power Plant Boiler Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Subcritical
• Supercritical
• Ultra-Supercritical

Power Plant Boiler Market by Fuel Type [Shipment Analysis by Value from 2018 to 2030]:

• Coal
• Natural Gas
• Nuclear Reactor
• Petroleum
• Others

Power Plant Boiler Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Power Plant Boiler Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies power plant boiler companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the power plant boiler companies profiled in this report include-

• Dongfang Electric
• Bharat Heavy Electricals
• Alstom
• Mitsubishi
• Hitachi Power Systems
• Siemens
• Harbin Electric
• Kawasaki Heavy Industries
• Doosan
• General Electric

Power Plant Boiler Market Insights

Lucintel forecasts that pulverized fuel tower is expected to witness highest growth over the forecast period due to its increasing use in firms owing to its ability to shorten the time needed to raise the temperature.

Within this market, coal will remain the largest segment due to substantial use of coal-fired thermal power plants among industries to generate power.

APAC is expected to witness highest growth over the forecast period due to continual growth of population and growing use of electricity in the region.

Features of the Global Power Plant Boiler Market

Market Size Estimates: Power plant boiler market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Power plant boiler market size by type, technology, fuel type, and region in terms of value ($B).

Regional Analysis: Power plant boiler market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, technologies, fuel types, and regions for the power plant boiler market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the power plant boiler market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the power plant boiler market size?

Answer: The global power plant boiler market is expected to reach an estimated $24.1 billion by 2030.

Q2. What is the growth forecast for power plant boiler market?

Answer: The global power plant boiler market is expected to grow with a CAGR of 4.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the power plant boiler market?

Answer: The major drivers for this market are growing demand for electricity, continuous technological advancements in power plant boilers, and rising demand for low emission industrial boilers.

Q4. What are the major segments for power plant boiler market?

Answer: The future of the power plant boiler market looks promising with opportunities in the coal, natural gas, nuclear reactor, and petroleum markets.

Q5. Who are the key power plant boiler market companies?

Answer: Some of the key power plant boiler companies are as follows:

• Dongfang Electric
• Bharat Heavy Electricals
• Alstom
• Mitsubishi
• Hitachi Power Systems
• Siemens
• Harbin Electric
• Kawasaki Heavy Industries
• Doosan
• General Electric

Q6. Which power plant boiler market segment will be the largest in future?

Answer: Lucintel forecasts that pulverized fuel tower is expected to witness highest growth over the forecast period due to its increasing use in firms owing to its ability to shorten the time needed to raise the temperature.

Q7. In power plant boiler market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to continual growth of population and growing use of electricity in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the power plant boiler market by type (pulverized coal towers, circulating fluidized bed boilers, and others), technology (subcritical, supercritical, and ultra-supercritical), fuel type (coal, natural gas, nuclear reactor, petroleum, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?