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Grand View Research, Inc. – Market Research And Consulting.

According to a report,”Power Plant Boiler Market Analysis By Process (Pulverized Fuel Combustion, Fluidized Bed Combustion), By Technology (Subcritical, Supercritical, Ultra-critical), By Region, And Segment Forecasts, 2018 – 2025″published by Grand View Research, Inc.,The global power plant boiler market is expected to reach USD 28.0 billion by 2025.Rising demand for electricity is expected to propel the sector growth.The global population is increasing at a robust pace and likely to reach 2.2 billion by 2050. Moreover, the increase in population has led to rapid urbanization, especially in the developing countries. As per the United Nations World Urbanization Prospects, it is estimated that the urban population, which was 30% of the global population in 1950, is projected to reach 66% by 2050.

Key Takeaways from the report:

• The global demand for power plant boiler market was USD 19.8 billion in 2016 and likely to reach USD 28.0 billion by 2025, at a predicted CAGR of 3.9% from 2017 to 2025

• Subcritical technology was the largest segment in the market, accounting for over 73% of the total revenue in 2016

• Pulverized fuel combustion was the largest process segment, in terms of revenue, in 2016. The segment is likely to be valued at USD 15 billion by 2025, indicating a CAGR of 3.9%.

• In terms of revenue, APAC is expected to be the largest regional market at a projected CAGR of 4.7% over the forecast period

• The industry is dominated by a few multinational corporations such Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries Ltd., and General Electric (GE)

Browse More Reports in Power Generation & Storage Industry:

• Energy Storage Systems Market:  Increasing consumer awareness regarding energy efficiency in residential and commercial buildings is expected to be a prominent factor driving new installations in near future. Increasing requirement of continuous power supply and efficient grid and load management is anticipated to further fuel the growth.
• Thermal Energy Storage Market: Increasing demand for access to efficient and cost competitive energy sources is expected to favor market growth. 

The growing urbanization has led to a rise in power consumption. To cope up with the rising power demand, governments across the world are on the lookout for various alternatives to boost power generation capacity. For instance, the government of India is offering power generation subsidiaries to operators to generate power through biogas. The government offers nearly USD 30 thousand per MW. The subsidy is valid only for the boiler manufacturers and steam turbine producers. Such initiatives are likely to produce modest demand for boilers over the forecast period.

Netherlands-based BDR Thermea acquired ECR International in 2016 to expand the company’s existing product portfolio in the North America market via the latter’s distribution network. Key vendors analyzedin the report are Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries, Ltd.; and General Electric (GE). Mergers and acquisitions continue to form an integral part of the market growth.

Grand View Research has segmented the global power plant boiler market by process, technology, fuel type, and region:

Process Outlook (Revenue, USD Million; 2014 – 2025)

• Pulverized fuel combustion

• Fluidized bed combustion

• Others

Technology Outlook (Revenue, USD Million; 2014 – 2025)

• Subcritical

• Supercritical

• Ultra-critical

Fuel type Outlook (Revenue, USD Million; 2014 – 2025)

• Petroleum

• Nuclear

• Natural gas

• Coal

• Renewables

Regional Outlook (Revenue, USD Million; 2014 – 2025)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • France

  • UK

• Asia Pacific

  • China

  • Japan

  • India

• CSA

  • Brazil

• Middle East & Africa

• Saudi Arabia

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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