Power Plant Boiler Market by Type (Pulverized Fuel, Circulation Fluidized Bed, Others), by Technology (Subcritical, Supercritical, Ultra-supercritical), by Fuel Type (Coal, Gas, Oil, and Others), & Region - Global Trends & Forecast to 2021

The power plant boiler market is projected to reach USD 24.40 Billion by 2021. The market size was valued at USD 19.16 Billion in 2015, and is expected to grow at a CAGR of 4.1% during the forecast period. The market has been segmented on the basis of type, technology, fuel type, and region.

The years considered for the study are:

Base Year: 2015
Estimated Year: 2016
Forecasted Year: 2021
Forecast Years: 2016-2021

The report covers advanced boilers used in power generation industry and provides detailed analysis based on type, technology, and fuel type of boiler. There are no replacements for boilers in the power generation industry till date. However, power generation industry is slowly moving towards cleaner energy such as solar power generation and wind power generation and gas turbines. These technologies do not require boiler for power generation and is expected to create a hurdle in the growth of advanced boiler market.

Research Methodology:

• Major regions have been identified along with countries, which have contributed the maximum share
• Secondary research have been conducted to find the power generation capacity expansion (by energy source)
• The energy sources were further broken to identify the ones using boiler
• The split for boilers (by type, by technology, and by fuel type) has been calculated by conducting primary research with industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts, which helped to obtain and verify critical qualitative and quantitative information as well as assess future market prospects
• Revenues of top companies (regional/global), boiler pricing, and industry trends along with top-down, bottom-up, and MnM KNOW have been used to estimate market size
• The markets has been further broken down into several segments and subsegments on the basis of information gathered

Study answers several questions for the stakeholders which include:

• Power plant boiler manufacturers
• EPC companies
• Utility service providers
• Distributers and suppliers
• Consulting firms
• Private equity groups
• Investment houses
• Equity research firms and other stakeholders

The report gives the information about market segments to focus in next two to five years for prioritizing the efforts and investments

Scope of the report:

• This study estimates the global market of power plant boiler, in terms of USD  till 2021
• It offers a detailed qualitative and quantitative analysis of this market
• It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market
• It covers various important aspects of the market. These include analysis of value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the power plant boiler market.

The market has been segmented into -

On the basis of Type

• Pulverized fuel Boiler
• Circulation Fluidized Bed Boiler
• Others

On the basis of Technology

• Subcritical
• Supercritical
• Ultra-Supercritical

On the basis of Fuel Type

• Coal
• Oil
• Gas
• Others

On the basis of Region

• North America
• South America
• Asia-Pacific
• Middle East & Africa
• Europe

Available Customization

With the market data provided above, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations

3 Executive Summary

4 Premium Insight

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges
    5.3 Impact of Market Dynamics
    5.4 Supply Chain Analysis
    5.5 Porter’s Five Forces Analysis

6 Power Plant Boiler Market Market, By Type, (USD Million)
    6.1 Introduction
    6.2 Pulverized Coal Tower Boiler
    6.3 Circulating Fluidized Bed Boiler
    6.4 Others

7 Power Plant Boiler Market Market, By Technology, (USD Million)
    7.1 Introduction
    7.2 Subcritical
    7.3 Supercritical
    7.4 Ultra-Supercritical

8 Power Plant Boiler Market Market, By Fuel Type, (USD Million)
    8.1 Introduction
    8.2 Coal Based
    8.3 Gas Based 
    8.4 Oil Based
    8.5 Others 

9 Power Plant Boiler Market Market, By Region, (USD Million)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Rest of North America
    9.3 South America
           9.3.1 Mexico
           9.3.2 Brazil
           9.3.3 Rest of South America
    9.4 Asia-Pacific 
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 Rest of Asia-Pacific
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 South Africa
           9.5.3 Rest of Middle East & Africa
    9.6 Europe
           9.6.1 Russia
           9.6.2 Germany
           9.6.3 U.K.
           9.6.4 Rest of Europe

10 Competitive Landscape
    10.1 Introduction
    10.2 Key Players of the Power Plant Boilers Market
    10.3 Market Share Analysis and Rankings
    10.4 Competitive Situation & Trends
            10.4.1 Mergers & Acquisitions
            10.4.2 Investments & Expansions
            10.4.3 Joint Ventures & Contracts
            10.4.4 New Product Launch

11 Company Profiles
      11.1 Introduction
      11.2 GE Alstom
              11.2.1 Business Overview
              11.2.2 Products & Services
              11.2.3 Recent Developments
              11.2.4 SWOT Analysis
              11.2.5 MnM View
      11.3 Babcock & Wilcox Co.
              11.3.1 Business Overview
              11.3.2 Products & Services
              11.3.3 Recent Developments
              11.3.4 SWOT Analysis
              11.3.5 MnM View
      11.4 AMEC Foster Wheeler
              11.4.1 Business Overview
              11.4.2 Products & Services
              11.4.3 Recent Developments
              11.4.4 SWOT Analysis
              11.4.5 MnM View
      11.5 Dongfang Electric Corporation Ltd.
              11.5.1 Business Overview
              11.5.2 Products & Services
              11.5.3 Recent Developments
              11.5.4 SWOT Analysis
              11.5.5 MnM View
      11.6 Mitsubishi Hitachi Power Sytems Ltd.
              11.6.1 Business Overview
              11.6.2 Products & Services
              11.6.3 Recent Developments
              11.6.4 SWOT Analysis
              11.6.5 MnM View
      11.7 IHI Corporation
              11.7.1 Business Overview
              11.7.2 Products & Services
              11.7.3 Recent Developments
      11.8 Harbin Electric Company
              11.8.1 Introduction
              11.8.2 Products & Services
              11.8.3 Recent Developments
      11.9 Doosan Heavy Industries & Construction
              11.9.1 Business Overview
              11.9.2 Products & Services
              11.9.3 Recent Developments
      11.10 Bharat Heavy Electricals Ltd.
               11.10.1 Business Overview
               11.10.2 Products & Services
               11.10.3 Recent Developments
      11.11 Ansaldo S.P.A.
               11.11.1 Business Overview
               11.11.2 Products & Services
               11.11.3 Recent Developments
      11.12 Siemens AG
               11.12.1 Business Overview
               11.12.2 Products & Services
               11.12.3 Recent Developments
      11.13 Thermax Ltd.
               11.13.1 Business Overview
               11.13.2 Products & Services
               11.13.3 Recent Developments

12 Appendix
      12.1 Insights From Industry Experts
      12.2 Revenue Tree
      12.3 Discussion Guide
      12.4 Other Developments
      12.5 MnM Knowledge Store

List of Tables (55 Tables)

Table 1 Historic Investments
Table 2 Global Advanced Boilers Market Value (USD Million), By Type, 2014-2021
Table 3 Subcritical Boilers Market Value (USD Million), By Geography, 2014-2021
Table 4 Supercritical Boilers Market Value (USD Million), By Geography, 2014-2021
Table 5 Ultra-Supercritical Boilers Market Value (USD Million), By Geography, 2014-2021
Table 6 Global Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 7 Coal Based Advanced Boilers Market Value (USD Million), By Region, 2014-2021
Table 8 Oil Based Advanced Boilers Market Value (USD Million), By Region, 2014-2021
Table 9 Gas Based Advanced Boilers Market Value (USD Million), By Region, 2014-2021
Table 10 Asia Pacific Coal Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 11 Asia Pacific Oil Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 12 Asia Pacific Gas Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 13 Europe Coal Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 14 Europe Oil Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 15 Europe Gas Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 16 North America Coal Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 17 North America Oil Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 18 North America Gas Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 19 South America Coal Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 20 South America Oil Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 21 South America Gas Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 22 The Middle East & Africa Coal Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 23 The Middle East & Africa Oil Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 24 The Middle East & Africa Gas Based Boilers Market Value (USD Million), By Country, 2014-2021
Table 25 Global Advanced Boilers Market Value (USD Million), By Geography, 2014-2021
Table 26 Asia Pacific Advanced Boilers Market Value (USD Million), By Type, 2014-2021
Table 27 Europe Advanced Boilers Market Value (USD Million), By Type, 2014-2021
Table 28 Middle East & Africa Advanced Boilers Market Value (USD Million), By Type, 2014-2021
Table 29 North America Advanced Boilers Market Value (USD Million), By Type, 2014-2021
Table 30 South America Advanced Boilers Market Value (USD Million), By Type, 2014-2021
Table 31 Asia Pacific Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 32 China Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 33 India Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 34 Japan Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 35 Other Asia Pacific Countries’ Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 36 Europe Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 37 Germany Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 38 Russia Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 39 Italy Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 40 Other European Countries’ Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 41 Other European Countries’ Advanced Boilers Installed Capacity (MW), By Application, 2014-2021
Table 42 Middle East & Africa Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 43 Iran Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 44 Saudi Arabia Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 45 South Africa Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 46 Other Middle East & African Countries’ Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 47 North America Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 48 Canada Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 49 U.S. Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 50 Other North American Countries’ Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 51 Other North American Countries’ Advanced Boilers Installed Capacity (MW), By Application, 2014-2021
Table 52 South America Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 53 Brazil Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 54 Mexico Advanced Boilers Market Value (USD Million), By Application, 2014-2021
Table 55 Other South American Countries’ Advanced Boilers Market Value (USD Million), By Application, 2014-2021

List of Figures (37 Figures)

Figure 1 Research Methodology
Figure 2 Data Triangulation Methodology
Figure 3 Global Advanced Boilers Market Revenue, By Geography, 2014-2021 (USD Million)
Figure 4 Market Overview: Advanced Boilers Market
Figure 5 Advanced Boilers Industry: History & Evolution
Figure 6 Market Segmentation: Advanced Boilers Market
Figure 7 Impact Analysis of Market Dynamics, 2014-2019
Figure 8 World Power Generation: By Fuel Type
Figure 9 Value Chain of Advanced Boilers Market
Figure 10 Porter’s Five Forces Model of the Advanced Boilers Market
Figure 11 Global Advanced Boilers Market: 2013 & 2019
Figure 12 Advanced Boilers Market: Regional Scenario, 2014-2021
Figure 13 Advanced Boilers Market: By Type, 2013 & 2019
Figure 14 Advanced Boilers Market: Regional Scenario, 2013
Figure 15 Advanced Boilers Market Growth: By Geography, 2014-2019 Compounded Annual Growth Rate (CAGR %)
Figure 16 Advanced Boilers Market Share: By Geography, 2013 & 2019
Figure 17 Advanced Boilers Market: Regional Market Lifecycle Analysis
Figure 18 Advanced Boilers Market Growth: By Application, 2014-2021
Figure 19 Global Power Plant Boilers Market, By Type
Figure 20 Global Power Plant Boilers Market Share (Value), By Type, 2013
Figure 21 Power Plant Boiler Market Share, By Application
Figure 22 Power Plant Boiler Market Share (Value), By Application, 2013
Figure 23 Advanced Boiler Market Share, By Geography
Figure 24 Power Plant Boiler Market Share (Value), By Application, 2013
Figure 25 Advanced Boiler Market Growth Strategy, 2011-2013
Figure 26 Advanced Boilers Market Share: Top 5 Companies vs Others, 2013
Figure 27 Market Share Analysis: By Top 5 Companies, 2013
Figure 28 Competitive Situtations & Trends, 2013
Figure 29 Mergers & Acquisitions, 2011-2013
Figure 30 Investments & Expansions, 2011-2013
Figure 31 Joint Ventures & Contracts, 2011-2013
Figure 32 New Product Launch, 2011-2013
Figure 33 Siemens AG: SWOT Analysis
Figure 34 Mitsubishi Heavy Industries Ltd.: SWOT Analysis
Figure 35 Alstom Ltd.: SWOT Analysis
Figure 36 Bharat Heavy Electricals: SWOT Analysis
Figure 37 Babcock & Wilcox Co.: SWOT Analysis

The power plant boiler market is expected to grow at a CAGR of 4.1% from 2016 to 2021. It is projected to reach USD 24.40 Billion by 2021 from an estimated value of USD 19.96 Billion in 2016. Developing countries are going through urbanization and industrialization which has led to increase in power demand. To keep up with the growing demand, governments are investing in the construction of new power plants and are upgrading the existing power plants. Developed countries such as U.K., U.S. and the Netherlands are setting up power plants which use cleaner fuels such as biomass, bio gas, and natural gas thereby adding to power plant boiler demand.

The power plant boilers using coal as fuel are estimated to hold major share of the power plant boiler market. The coal based boiler market is primarily driven by Asian countries, namely, China and India which make up for more than 50% of the coal fuel based boilers. Coal can be easily transported through land and sea, making it a popular choice for power plants, especially in countries lacking gas or oil distribution network. Hence, developing countries are expected to witness more demand for coal fuel boilers as compared to developed countries.

Supercritical technology boilers led the power plant boiler market by contributing major share in 2015 in the market size. Supercritical technology boilers have high efficiency and low carbon and other greenhouse gas emission compared to subcritical technology boiler. This feature has led to decent demand for supercritical boilers in developing countries. Also this technology is readily available with most of the utility boiler manufacturer giving supercritical technology high growth.

Asia-Pacific is the largest market, by size, and is estimated to grow at the highest rate due to large number of power capacity expansion projects in China and India. To meet the growing demand for power, China alone is expected to add about 70 GW to 90 GW of capacity every year to its power generation sector, whereas India is expected to add about 10 GW to 20 GW every year. This has led to high demand for boilers in these countries making Asia-Pacific a lucrative market for power plant boiler manufacturers.

Increasing concerns towards reducing the carbon footprints is making countries to invest in cleaner power generation sources such as wind and solar energy. However, cost of setting up an equivalent wind or solar farm requires more capital compared to similar capacity gas based or coal based power plants. Also, boilers manufacturers have introduced boilers which can burn cleaner fuels such as bio gas, bio waste, waste-to-energy, and solar thermal. The North American and European region is expected to demand such boilers during the next five years. Hence, the power plant boiler market is expected to grow at a high rate in developing countries and at a decent rate in developed countries.

The market is dominated by a few international players, which hold more than 50% share of the market. Major players include Siemens AG (Germany), Babcock & Wilcox (U.S.), GE (U.S.), and Mitsubishi Hitachi Power Systems, Ltd. (Japan). These players are expanding their market share by signing new contracts and launching new products/services/technologies in the market.