Power Plant Boiler Market Share, Size, Trends, Industry Analysis Report, By Process (Pulverized fuel combustion, Fluidized bed combustion, and Others); By Technology; By Fuel Type; By Capacity; By Region; Segment Forecast, 2023 - 2032

Power Plant Boiler Market Share, Size, Trends, Industry Analysis Report, By Process (Pulverized fuel combustion, Fluidized bed combustion, and Others); By Technology; By Fuel Type; By Capacity; By Region; Segment Forecast, 2023 - 2032

The global power plant boiler market size is expected treach USD 36.02 billion by 2032, according ta new study by Polaris Market Research. The report “Power Plant Boiler Market Share, Size, Trends, Industry Analysis Report, By Process (Pulverized fuel combustion, Fluidized bed combustion, and Others); By Technology; By Fuel Type; By Capacity; By Region; Segment Forecast, 2023-2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

The global electricity demand is rising quickly as a result of the recent significant rise in global power consumption. Global energy consumption is expected tincrease by close t50% between 2018 and 2050, according tthe US Energy Information Administration (EIA). Also, the IEA projects that between now and 2040, the world's electricity demand will increase at a pace of 2.1% annually, which is twice as fast as the need for primary energy. As a result, from 19% in 2018 t24% in 2040, electricity will make up a larger portion of final energy consumption overall. As developed nations continue tconsume enormous amounts of energy, the need in developing nations rises. Rapid economic expansion, a burgeoning population, and a booming manufacturing sector all contribute tan increase in global energy demand.

The expanding infrastructure construction and expansion projects are causing a significant demand for electricity in developing nations. In march 2022, Swedish energy provider Vattenfall AB officially launched a new biomass boiler facility, For its ""Carpe Futurum"" project, complete with biomass receiving and handling system, from ANDRITZ. Biomass-fired boilers with flue gas purification, a flue gas condenser, and biomass receipt, handling, and storing bunkers were all included in the ANDRITZ scope of services. The ANDRITZ EcoFluid bubbling fluidization design, which offers high efficiency with good environmental performance, is the foundation of the boiler. The capacity of the power plants increases as the demand for electricity rises. The rise in energy demand as well as an increase in project expansion for boilers is bolstering the growth of the market.

Additionally, the dependence on electronic devices, including smartphones, smart automation, and others, is projected tincrease in the future years, driving up the need for power plant boilers. In August 2021, Prometha Connected Boiler Solutions, the first Internet of Things (IoT) system for boiler rooms that provides real-time data analytics and system expertise, is now accessible as an app on Apple and Android devices. The new software allows authorized users texamine boiler system performance remotely around the clock, and when a condition is not ideal, they are informed in real time via an indicator or alert. Therefore, the market is growing at a rapid pace during the forecast period.

Power Plant Boiler Market Report Highlights

The 400-800MW segment is anticipated tgrow at a highest CAGR over the forecast period. The need for such boilers in power plants is significantly rising. For consistent and dependable baseloads, power plant boilers are mostly used.

The ultra-supercritical segment accounted for major global revenue share. The use of this technology is spreading rapidly throughout power plants. High pressure and temperature are required for this technology toperate.

North America is expected tgrow at a higher rate during the projected period. The requirement for energy management is now strong in the region due thigh power consumption.

The global players Andritz Group, Bharat Heavy Electrical Limited, Babcock & Wilcox Enterprise, Corp., General Electric Inc., IHI Corporation, John Wood Group, Mitsubishi Hitachi Power Systems Group, SumitomHeavy Industries Ltd., Siemens AG, and Thermax Ltd.

Polaris Market Research has segmented the Power Plant Boiler market report based on process, technology, capacity, fuel type, and region:

Power Plant Boiler, Process Outlook (Revenue - USD Billion, 2019 - 2032)

Pulverized fuel combustion

Fluidized bed combustion

Others

Power Plant Boiler, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

Subcritical

Supercritical

Ultra-supercritical

Power Plant Boiler, Fuel Type Outlook (Revenue - USD Billion, 2019 - 2032)

Petroleum

Nuclear

Natural gas

Coal

Renewables

Power Plant Boiler, Capacity Outlook (Revenue - USD Billion, 2019 - 2032)
<400 MW
400-800MW

≥800 MW

Power Plant Boiler, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa