Global Power Boilers Market – Synopsis
Power Boilers are used in energy (electricity) generation by creating steam energy from the boiling water. These boilers are built using a range of fluidized bed technologies and are distinguished by fuel, capacity, and application. They are intelligently designed to use a wide range of biomass, renewable fuels as well as traditional fossil fuels to generate energy efficiently while letting out much lower degrees of carbon emission.
These huge boilers are primarily installed at the power plant and in some other industrial facilities like cement production, and where rotational energy is needed such as to run a reciprocating steam engine, electricity generation in various new environments such as amusement parks, breweries, and others.
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The ever-increasing population coupled with the growing industrialization and urbanization is prompting the need for the energy more than ever. At the same time, environmental changes such as global warming and anthropogenic effects are promoting the demand for renewable and sustainable energy generation, using renewable fuels.
In such a scenario, Power Boilers play a vital and dynamic role by proving to be an effective mean for sustainable and environment- friendly power generation. This is a key factor defining the wide adoption of power boilers and its increased market size.
Acknowledging the kind of traction the market is garnering currently demonstrating huge growth prospects all over, Market Research Future (MRFR) in its recently published study report foretells that the global Power Boilers Market will rise to witness phenomenal accruals, registering a CAGR of 4% during 2016 to 2022.
One of the most remarkable uses of power boilers is heating massive skyscrapers effectively and efficiently. These huge structures need up to five industrial level boilers at once in order to meet their heating needs. Water and steam are easy to transport, which is an important factor to consider for these large setups and buildings with incredibly high verticals in addition to the scale and power of boiler heat. Hence, these large setups rely heavily on water or steam as a form of heat.
Other factors propelling the market growth include increasing industrialization, population, and urbanization fueled by the improving economy that increases the consumer’s purchasing power and the quality of life.
Additionally, burgeoning industries like food & beverages provide impetus to the market growth to an extent. Conversely, the factor such as high maintenance cost is anticipated to restrict the market growth. Nevertheless, ongoing R&D activities are expected to bring about technological advancements presenting economic (low-cost) maintenance processes reducing the total maintenance cost of these boilers.
Power Boilers Market –Competitive Landscape
The fiercely competitive market of Power Boilers is categorized by the presence of numerous large & small players. Players of the market incorporate collaboration, acquisition, technology/product launch, partnership, and expansion. Some other key strategies of the key players in the market are, promotions through trade exhibitions, collaboration and greater commercialization of their products. These key players strive to develop their portfolio with high-quality boilers offering a range of efficient, cost-effective, eco-friendly and efficient Boiler Systems.
Industry/Innovation/Related News:
June 13, 2018 – ANDRITZ (International technology Group – Austria), a leading global supplier of power generation plants, equipment (such as Power Boilers), and services for hydropower stations announced signing of a contract for the acquisition of Novimpianti Drying Technology S.r.l.,( Italy), a global supplier of engineered equipment and services for air and energy systems. This acquisition is expected to further strengthen ANDRITZ’ product offerings in the field of air and energy systems.
June 12, 2018 – Mitsubishi Hitachi Power Systems (US), a leading global provider for the world-class thermal power generation and environmental technologies announced that its idea of implementing the artificial intelligence (AI) at a coal-fired power plant in Taiwan has successfully yielded improvements in fuel economy that could save the plant up to USD1 million a year. The AI upgrade added to combustion tuning functionality looks after the boiler’s efficiency, auxiliary power and other fiscal factors to optimize performance.
June 08, 2018 – The Valmet Corporation (Finland), a developer and supplier of technologies, automation systems, and services for the energy industries announced the winning of a contract from Air Water & Energia Power and Onahama Corporation (Japan) to supply a multi-fuel power boiler and a flue gas cleaning system. The new CFB power boiler will enable the power plant to achieve a sustainable power supply at high thermal efficiency while significantly reducing CO2 emissions.
Power Boilers Global Market – Segments
MRFR has segmented the report into three key dynamics for the convenience of enhanced understanding:
By Type: Comprises Pulverized Fuel and Circulation Fluidized Bed, among others.
By Technologies: Supercritical, Subcritical, and Ultra-supercritical, others.
By Fuel Types: Coal, Gas and Oil, among others.
By Regions: APAC, North America, Europe, and Rest-of-the- World.
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Global Power Boilers Market – Geographical Analysis
Attributing to the presence of established manufacturing industries that support the growth of the Power Boilers market; APAC & Europe region are projected to perceive a remarkable growth during 2016-2022. In the Asia-pacific region, increasing industrialization leading to the augmented demand for energy is considered as the driving force increasing the market size in the region.
Whereas, in developed regions such as North America and Europe the market is driven by the stringent government regulations towards increasing carbon footprints along with the various other initiatives such as the opening of power plants that need renewable fuels such as biomass, biogas, etc.
Table of Content:
1. REPORT PROLOGUE
2. INTRODUCTION
2.1. DEFINITION
2.2. SCOPE OF THE STUDY
2.2.1. RESEARCH OBJECTIVE
2.2.2. ASSUMPTIONS
2.2.3. LIMITATIONS
2.3. MARKET STRUCTURE
2.4. MARKET SEGMENTATION
3. RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. FORECAST MODEL
4. MARKET DYNAMICS
4.1. DRIVERS & OPPURTUNITIES
4.2. CHALLENGES & RESTRAINTS
4.3. VALUE CHAIN ANALYSIS
4.4. PORTER’S FIVE FORCES ANALYSIS
5. POWER BOILER MARKET, BY TYPE
5.1. INTRODUCTION
5.2. PULVERIZED FUEL
5.3. CIRCULATION FLUIDIZED BED
5.4. OTHER.
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