Power Plant Boiler Market

Advanced Utility Boiler Market - New Revenue Pockets

Advanced utility boilers are the latest in technology that utilize the least amount of fossil fuels (coal, oil, and natural gas) and produce a maximum amount of electricity out of these available resources. The latest-technology boilers are necessary because the ease of the availability of fossil fuels has dropped to a great extent globally. Hence, the cost of fossil fuels has increased. The most widely used advanced utility boilers are sub critical radiant boilers, super critical boilers, and ultra super critical boilers.

Many developing countries have a great demand for electricity to fulfill the needs of the growing population. Since the growth of renewable energy technology is not so advanced due to geographical and technological challenges, and the high capital costs of installing renewable power plants such as solar, wind, geothermal, tidal, and hydro, which is not feasible, they are installing new thermal power generation systems or upgrading existing thermal power plants. Some of the few developing countries in the Asia-Pacific region such as India, China, and Indonesia, are forced to install advanced utility boilers in order to attain a higher efficiency level of power generation, while also keeping the environment clean from greenhouse gases, thus, fulfilling their growing power demand. As a result, the advanced boiler market is expected to show sound growth in the coming years.

Asia-Pacific is currently a booming market for advanced utility boilers with a growing demand in China, India, and Indonesia. Middle East and Africa with growing demand in South Africa is identified for Advanced Utility Boiler Market. The large scale of exploitation in conventional reserves has been identified in these countries where the government is expanding thermal power generation in order to meet the domestic demand, for which the demand for advanced utility boilers is high. The market share of advanced utility boilers in Asia-Pacific for the year 2010 was X% and for the year 2013 was X%. This boom in advanced utility boiler market provides a promising opportunity for advanced utility boiler manufacturers.

Europe is the largest market for advanced utility boilers with Germany, France, Finland, Italy, and Poland, accounting for a majority of the share in 2013. Large scale super critical boilers and ultra super critical boilers have been installed in thermal power plants. North America is another major market for advanced utility boilers with countries such as Canada and the United States with their respective advanced boiler markets that are highly established. Asia-Pacific and Africa are witnessing growth in the thermal power segment and are likely to be hot spots for the industry. In the Middle East, the advanced utility boiler market is established and is also foreseeing little growth in the future. However, the government is focused on renewable development now.

Related Reports:

Advanced Utility Boiler Market By Type (Sub Critical Radiant Boilers, Super Critical Boilers, Ultra Super Critical Boilers, Low NOX Boilers, & Others), Applications (Combined Cycle Plants, Cogeneration Plants, Natural Gas Power Plants, Clean Coal Technology Plants, & Others) And Geography - Global Trends & Forecasts To 2019
https://www.marketsandmarkets.com/Market-Reports/advanced-utility-boilers-market-117514945.html

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Report Code
EP 2379
Published ON
Mar, 2016
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