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“It Is Estimated That The Power Plant Boilers That Use Coal As Fuel Hold A Large Share Of The Power Plant Boiler Market”, says Visiongain report

05 September 2019

Visiongain’s new report the Power Plant Boiler Market Report 2019-2029: Forecasts by Type (Pulverized Fuel Boiler, Fire Tube Boiler, Water Tube Boiler, Waste Heat Recovery Boiler (WHRB), Heat Recovery Steam Generators (HRSGs), Circulation Fluidized Bed Boiler, Others), by Technology (Ultra-supercritical Boiler, Supercritical Boiler, Subcritical Boiler, Ultra-high Pressure Boiler, High Pressure Boiler, Sub-High Pressure Boiler, Medium Pressure Boiler), by Fuel Type (Coal Fired Power Plant Boiler, Gas Fired Power Plant Boilers, Biomass Power Plant Boiler, Oil Fired Power Plant Boiler, Waste Heat Power Plant Boiler), by Circulation (Natural Circulation Boiler, Forced Circulation Boiler, Direct Current Boiler), by Firing Type (Wall Fired, Corner Fired, Down-Shot Fired, Tangential) Plus Leading Company Analysis and Regional and Leading National Market Analysis.

Developing countries are undergoing urbanization and industrialization, resulting in increased demand for energy. Governments are investing in building new power plants to keep up with the increasing demand and are upgrading current power plants. Developed countries such as the United Kingdom, the United States and the Netherlands are establishing power plants using cleaner fuels such as biomass, biogas and natural gas, thus adding to the demand for power plant boilers. This latest report by business intelligence provider Visiongain assesses that Power Plant Boiler Market spending will reach $20.87 bn in 2019, and is expected to grow at a CAGR of 5.2% during the forecast period.

It Is Estimated That The Power Plant Boilers That Use Coal As Fuel Hold A Large Share Of The Power Plant Boiler Market

It is estimated that the power plant boilers that use coal as fuel hold a large share of the power plant boiler market. The coal-based boiler market is driven mainly by Asian nations, namely China and India, which make up over 50% of the boilers based on coal fuel. Coal can be transferred readily through land and sea, making it a common option for power plants, particularly in nations without a network of gas or oil distribution. It is therefore anticipated that developing nations will see more demand for coal fuel boilers compared to developed countries.

Supercritical Technology Boilers Resulted The Market For Power Plant Boilers By Contributing Significant Market Size Share In 2018

Supercritical technology boilers resulted the market for power plant boilers by contributing significant market size share in 2018. Compared to subcritical technology boilers, supercritical technology boilers have elevated effectiveness and low carbon and other greenhouse gas emissions. This characteristic has resulted to reasonable demand in developing nations for supercritical boilers. With most utility boiler manufacturers offering supercritical technology high development, this technology is also easily accessible.

Asia-Pacific Is The Biggest Market, By Size, And Is Expected To Develop At The Highest Level

Asia-Pacific is the biggest market, by size, and is expected to develop at the highest level owing to a big amount of initiatives in China and India to expand energy ability. To satisfy the increasing demand for energy, it is anticipated that China alone will add about 70 GW to 90 GW of capacity each year to its power generation industry, while India is anticipated to add about 10 GW to 20 GW each year. This has made Asia-Pacific a profitable market for power plant boiler producers in these nations.

Progress In Increasing Effectiveness And Reducing Carbon Emissions Is Likely To Drive The Market To Innovation

Progress in increasing effectiveness and reducing carbon emissions is likely to drive the market to innovation. It is expected that growing power consumption will be the main driver of innovation. Boiler companies are investing strongly in researching and developing new efficiency-enhancing procedures. In addition, growing environmental concerns over the forecast period are likely to pose a danger to the product. This constraint is expected to be short-term, however. The U.S. Environmental Protection Agency is trying to revive the U.S. coal industry. Government support for the sector is therefore directly related to market growth.

Manufacturers of boilers have implemented boilers for companies looking to reduce their carbon footprints

Increasing worries about decreasing carbon footprints are leading nations to invest in cleaner sources of power generation such as wind and solar power. However, the expense of setting up a wind or solar farm equivalent needs more capital compared to power plants based on comparable capacity gas or coal. Manufacturers of boilers have also implemented boilers that can burn cleaner fuels like biogas, bio-waste, waste-to-energy, and solar thermal. Over the next five years, the North American and European region are anticipated to demand such boilers. The market for power plant boilers in developing nations is anticipated to expand at a high pace and at a reasonable pace in developed countries

The Method Of Pulverized Fuel Combustion (PFC) Is Probable To Emerge Over The Forecast Period As The Largest Grossing Segment

The method of pulverized fuel combustion (PFC) is probable to emerge over the forecast period as the largest grossing segment. In 2018, the method recorded a market share of almost 58%. The method for large-scale power plants is widely accepted. The combustion method for pulverized fuel involves powdered coal, which is used to raise the combustion region of exposure. The powdered form of coal is blown into the furnace using warm air, the combustion chamber provides secondary air to allow the fuel to be completely combusted. The turbulence induced by the secondary air allows air and fuel to be mixed uniformly. The result of this method therefore enables for quicker combustion with higher efficiency.

Boiler Companies Commonly Adopt The Fluidized Bed Combustion (FBC) Method

Boiler companies commonly adopt the fluidized bed combustion (FBC) method. The process of fluidization is defined as a procedure for mixing air and fuel to obtain complete combustion of solid particles in a defined proportion. The elevated air velocity results in turbulence and rapid mixing of strong particles that appear in a boiling liquid like a bubble and thus the combustion process is known as the combustion of fluidized beds. The method is gaining prominence on the market as it enables the heat treatment method to use liquid waste. The method for supplying energy from liquid waste is therefore commonly accepted by operators.

Over The Forecast Period, The Subcritical Section Is Likely To Be The Most Dominant Technology

Over the forecast period, the subcritical section is likely to be the most dominant technology. Growth can be ascribed to the power generation dependence on coal. The amount of coal-based power plants, particularly in developing economies, is growing at a modest pace. Easy accessibility and low input expenses are likely to be the main drivers of segment development over the forecast timeline.

Supercritical section over the forecast period is likely to experience the largest increasing CAGR. The technology is becoming increasingly common, particularly in OECD and China nations. China's supercritical boiler technology has dramatically improved its power generation ability. The nation has almost 23 supercritical units, providing approximately 16MW of energy. The high effectiveness this technology achieves is the main characteristic accountable for the development of the segment.

Ultra-critical technology delivers nearly 50 percent greater effectiveness, which is the highest among multiple kinds of systems accessible through boilers for power generation. Compared to other techniques, the price of manufacturing through this technology is high. There are about 26 ultra-critical technology working units in nations like Japan, Denmark, Germany, the Netherlands, and the United States.

Coal Is The Main Source Of Fuel Type Used To Generate Electricity

Coal is the main source of fuel type used to generate electricity and accounts for approximately 40 percent of worldwide energy generation. Despite worries about high carbon emissions, coal use is likely to boost in the coming years. Through the adoption of effective techniques, governments around the globe are looking for multiple solutions to restrict pollution created by coal. It is therefore necessary for sector and government to adopt fresh techniques to guarantee the use of coal in the coming years as a cleaner source of energy.

The increasing demand for nuclear fuel shows that the world is moving towards effective techniques of generating electricity. As of 2018, nuclear power contributed roughly 12 percent of global power generation, and the share is likely to rise in the years to come. Zero-emission connected with nuclear power generation is the main driver for segment development. The nuclear fuel segment's share is anticipated to expand over the forecast period.

Growth in renewable sources of fuel indicates a change in energy generation fuel use paradigm. The increasing emphasis on carbon emission control drives renewable fuel demand. The trend is anticipated to continue over the forecast period as many nations have presented their Nationally Determined Contributions (INDCs) to reduce greenhouse gas emissions in accordance with the 2015 Paris Summit.

Leading Regional & National Analysis

The worldwide market is likely to be dominated by APAC. It is anticipated that the area will develop from 45.4% in 2018 to 55.0% by 2029. APAC is currently experiencing enormous product demand and is witnessing growth potential as the region's power consumption is increasing at an exponential rate. The region's fast urbanization is a main growth driver.

India and China are likely to see the urban population's greatest development. For example, according to the 2014 UN report, in terms of population, China and India were the top two countries. The population of China was approximately 1,4 billion, of which 56% lived in metropolitan regions. In India, approximately 33 percent of the 1.3 billion total inhabitants resides in metropolitan regions. It is anticipated that all these variables will increase product demand over the forecast period. The growing urban population is anticipated to boost the market over the forecast period, combined with the rising pressure on the present energy capability. It is projected that rapid industrialization and the increasing transport industry in India and China will increase energy demand. In order to reduce carbon emissions, both countries strive to introduce electric vehicles in the respective nations. The central government in China offers unique subsidies to electric vehicle producers and hybrid plug-in cars to support the country's electric vehicle sales. Factors such as government-led market-driven projects to push electric vehicles are likely to further strain energy resources, resulting in surplus energy demand.

Leading Players

Rentech Boilers
GE Alstom 
Alzeta Corporation
Amec Foster Wheeler Industrial Power Company, Inc.
Applied Heat Recovery, LLC
Babcock & Wilcox Company
BFS Industries, LLC
Burnham Commercial Boilers
Cleaver Brooks Sales & Service, Inc.
Chanute Manufacturing Company
C.I.B. Unigas S.p.A.

As the market moves towards globalization, the market is experiencing a shift in market dynamics. The boiler companies, particularly in developing economies, are branching out into the worldwide market. The increasing market globalization has produced fresh market suppliers difficulties. In order to stay competitive, the firms working on the market are needed to handle the supply chain. Furthermore, companies should stay competitive while adhering to the standards and policies laid down for designing or producing boilers.

The comprehensive report offers market estimation and forecast for the period ranging 2019 – 2029 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of advanced energy storage systems.

The Power Plant Boiler Market Report 2019-2029 report will be of value to anyone who wants to better understand the energy storage market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the energy industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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