Utility Boiler Market Size 2019: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024
Category: #tech  By Partha Ray  Date: 2019-09-09
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Utility Boiler Market Size 2019: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024

This detailed presentation on 'Utility Boiler market' available at MarketStudyReport.com, features an exhaustive study conveying influential trends prevailing in the global business sphere. The report also presents significant details concerning market size, market share and profit estimations to offer an ensemble prediction about this business. Moreover, this report undertakes an accurate competitive analysis emphasizing growth strategies espoused by market leaders.

Utility Boiler Market is anticipated to exceed USD 20 Billion by 2024. Robust economic growth across developing countries coupled with growing energy demand will drive the utility boiler market. Stringent norms toward reduction of carbon emissions along with efforts to mitigate the electricity demand supply gap will fuel the adoption of super-critical boilers. Ongoing investment toward expansion of generation capacity in order to support industrialization efforts in developing economies will further escalate the business landscape.

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Ultra-supercritical boiler market is anticipated to grow over 3% by 2024. The demand for these systems is attributed to its eco-friendly technology, low heating value, compliance with emission standards and improved efficiency. Increasing investment across manufacturing sector along with strengthening economic growth will positively influence industry landscape.

 

>500 MW utility boiler market is set to witness robust growth owing to the expansion of thermal electricity generation along with rising focus toward replacement of existing steam generating systems. The rising electricity demand from energy intensive industries along with expansion plan for generating capacity across Asia Pacific region will escalate the demand for high capacity boilers.

 

Ongoing investments toward modernization of industrial units coupled with rising demand for energy efficient steam generating systems will augment the supercritical boiler market growth. Longer operational life, high capacity range and safety features are some of the defining features that will support the industry growth during the forecast time period.

 

Middle East & Africa utility boiler market is predicted to witness strong growth on account of respective government focus to increase the electricity generation capacity along with increasing investment in infrastructural development. Resurgent economic growth coupled with efforts toward increasing industrial output will continue to drive the demand for large-scale utility boilers.

 

Escalating demand for reliable and continuous electricity supply from key economies across the globe has resulted in increasing investment toward power generation from thermal sources which will drive the utility boiler market. Furthermore, national targets toward adoption of low-emission fuels coupled with regulatory norms to reduce carbon foot print will augment the deployment of ultra-supercritical boilers.

 

In 2017, Indonesia accounted for more than 8% of Asia Pacific utility boiler market share. Electricity capacity addition across the region along with strengthening demand for the replacement of subcritical generation technologies will thrust the product demand. Furthermore, shift toward energy conservation coupled with increasing electricity demand will foster the deployment of supercritical boilers.

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Eminent industry players operating across global utility boiler market comprise Bharat Heavy Electricals Limited (BHEL), IHI, A.C. Boilers, Babcock and Wilcox, Mitsubishi Hitachi Power Systems, AMEC Foster Wheeler, Thermax, CMI, Rentech, Doosan Heavy Industries, Siemens, Walchandnagar Industries Limited, Victory Energy Operations and General Electric.

 

Some of the TOC of Utility Boiler Market report includes:

Chapter 1. Methodology

1.1. Methodology

1.2. Market definition

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.2. Primary
 

Chapter 2. Executive Summary

2.1. Utility Boiler industry 360 degree synopsis, 2014 - 2025 (USD Million)

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Mobility trends

2.1.4. Technology trends

2.1.5. Mode trends

2.1.6. End-use trends

2.1.7. Regional trends


Chapter 3. Utility Boiler Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025 (USD Million)

3.3. Industry impact factors

3.3.1. Growth drivers

 3.4. Growth potential analysis

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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