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.
Some of the key questions
answered in this exclusive report are:
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?
Market Segmentation:
In this market,
pulverized coal tower and circulating fluidized bed boiler are the major
segments of power plant boiler market by type. 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.
Dongfang Electric,
Bharat Heavy Electricals, Alstom, Mitsubishi, Hitachi Power Systems, Siemens,
Harbin Electric, Kawasaki Heavy Industries, Doosan, and General Electric are
the major suppliers in the power plant boiler market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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