Utility Boiler Market Size & Share 2018 - 2024

Market Size by Capacity (30-100 MW, 100-250 MW, 250-500 MW, > 500 MW), by Technology (Subcritical, Supercritical, Ultra-Supercritical), Analysis Report, Regional Outlook, Competitive Market Analysis & Forecast.
Report ID: GMI2990
   |
Published Date: October 2018
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Report Format: PDF

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Utility Boiler Market Size

Utility Boiler Market size was valued over USD 20 billion in 2017 and annual installation is anticipated to exceed 60 GW by 2024.
 

Utility Boiler Market

Increasing demand for reliable and continuous electricity supply from developing economies has resulted in increasing investment toward generation capacity additions which in turn will positively influence the market size. Deployment of captive power plants across large industries including chemical, refining, pulp & paper and cement will further support the business growth. Rapid industrialization coupled with growing urbanization across emerging economies has significantly boosted the electricity demand which will stimulate the market growth. South East Asia, Africa and Central & Eastern Europe are some of the key regions with significant investment toward new thermal power generation technologies.
 

 

Utility boiler industry across key developing economies is anticipated to witness positive growth owing to rising deployment of supercritical and ultra-supercritical power plants. However, utility boiler market is set to witness sharp decline across developed economies on account of declining installation of coal fired power generation units with a shift toward gas fired generation. Policy makers across the globe are focused toward achieving optimum energy mix to promote the renewable energy technologies and maintain the reliability of electricity supply. Government measurers to limit the carbon emission from power stations will further impede the business growth.
 

Utility Boiler Market Analysis

30-100 MW utility boiler market is anticipated to witness robust growth on account of escalating demand for electricity across Asia Pacific and Africa. Ongoing industrial sector investments coupled with increasing thermal power generation capacity in key economies will further drive the demand for these products. Major industrial centers across the globe are shifting toward captive power generation, which will further enhance the business growth.
 

100-250 MW boilers accounted for over 7% of the global market revenue. Respective governments across the emerging economies are focusing toward enhancing the manufacturing capabilities and reliability of electricity supply, which will in turn boost the installation of high capacity boilers. Ongoing shift toward diversification of power generation energy mix across Middle East & Africa region has further propelled the industry growth.
 

>500 MW utility boiler market will witness a strong growth on account of the continued expansion of thermal electricity generation coupled with strengthening demand for the replacement of subcritical generation technologies. Introduction of stringent norms to curb carbon emissions coupled with efforts to enhance the electricity generation quality with conformance to emission compliance norms will promote the deployment of high capacity supercritical & ultra-supercritical boilers.
 

Supercritical boilers, in 2017, accounted for over 40% of the global utility boiler market share. Ever increasing demand for electricity across emerging economies along with its ability to generate more power at a comparative low cost will positively impact the business growth.
 

Ultra-supercritical boilers market size will witness growth on account of strengthening government measures toward limiting GHG emissions along with retrofitting the existing power generating stations. In addition, the ability of these boilers to offer high thermal efficiency along with lower NOx, SOx and COx emissions will propel the product penetration in coming years.
 

Asia Pacific market will witness an appreciable growth on account of rising electricity demand primarily across Vietnam, Indonesia, Bangladesh, Mongolia and Malaysia. Furthermore, the easy availability of coal, rapid industrialization, growing population and lack of regulatory framework in many countries are some of the prominent features supporting the industry growth. Utility boiler market across India and China is anticipated to witness decline on account of limited expansion of thermal power generation beyond 2020 and renewed focus toward renewable energy utilization. The market size boiler in the U.S. is poised to cross USD 5.7 billion valuation by 2032.
 

Europe market size is anticipated to witness growth of over 30% by 2024. Growing efforts toward energy conservation coupled with adoption of energy efficient power generating technologies will drive the business growth. Poland, Turkey, and Czech Republic are some of the key economies with significant investment toward new power generating capacity additions. However, aggressive renewable energy policies coupled with shift toward gas fired generation will limit the product adoption across Western Europe.
 

Middle East & Africa market is set to witness gains over 70% by 2024. Government focus toward diversification of energy mix along with increasing foreign investment toward development of captive power plants will drive the business growth. Furthermore, government measures toward electrification and mitigating electricity supply demand gap will further complement the industry landscape.
 

Utility Boiler Market Share

Eminent players operating across the utility boiler market include

  • Babcock and Wilcox
  • Bharat Heavy Electricals Limited
  • IHI Corporation
  • CMI Group
  • AMEC Foster Wheeler
  • Doosan Heavy Industries
  • Mitsubishi Hitachi Power Systems
  • General Electric
  • Siemens
  • A C Boiler
  • Rentech
  • Thermax
  • Walchandnagar Industries Limited
  • Victory Energy Operations

Overseas business expansion, mergers & acquisitions and collaborations are some of the key strategies followed by industry participants to gain a competitive position in the business.
 

Utility Boiler Industry Background

Utility boilers play the critical role of steam production for the generation of electricity. The produced steam is utilized to drive the steam turbines which convert kinetic energy of rotation into the electricity. In recent years, supercritical and ultra-supercritical generating technologies have gained prominence owing to their low carbon emission generation and cost when compared to subcritical technology.

Authors: Ankit Gupta, Abhishek Chopra
Utility Boiler Market Scope
  • Utility Boiler Market Size
  • Utility Boiler Market Trends
  • Utility Boiler Market Analysis
  • Utility Boiler Market Share

Report Content

Chapter 1. Methodology & Scope

1.1.   Methodology

1.2.   Market definitions

1.3.   Market estimation & forecast parameters

1.4.   Data Sources

1.4.1.   Primary

1.4.2.   Secondary

1.4.2.1.   Paid Sources

1.4.2.2.   Public Sources

Chapter 2. Executive Summary

2.1.   Utility boiler market 3600 synopsis, 2014 - 2024

2.1.1.   Business trends

2.1.2.   Capacity trends

2.1.3.   Technology trends

2.1.4.   Regional trends

Chapter 3. Utility Boiler Industry Insights

3.1.   Industry segmentation

3.2.   Industry landscape, 2014 - 2024(USD Million)

3.3.   Industry ecosystem analysis

3.3.1.   Vendor matrix

3.4.   Technology landscape

3.4.1.   Supercritical boiler technology

3.4.2.   Carbon Capture and Storage (CCS)

3.5.   Price trend

3.5.1.   Price trend analysis, by technology

3.5.1.1.   Subcritical

3.5.1.2.   Supercritical

3.5.1.3.   Ultra-supercritical

3.6.    Regulatory landscape

3.6.1.   U.S.

3.6.1.1.   New Source Performance Standards (NSPS)

3.6.1.2.   Pennsylvania

3.6.1.3.   Georgia

3.6.1.4.   Illinois

3.6.2.   Europe

3.6.2.1.   Directive 2010/75/EU

3.6.3.   Brazil

3.6.3.1.   NR-13 pressure vessel regulation

3.6.4.   India

3.6.4.1.   Indian Boiler Regulations (IBR)

3.6.4.1.1.    Scope

3.6.5.   South Africa

3.6.5.1.   SANS 347

3.7.   Import/Export Trends

3.7.1.   Steam Boilers

3.7.2.   Lignite coal exports

3.7.3.   Lignite coal imports

3.7.4.   Bituminous coal exports

3.7.5.   Bituminous coal imports

3.8.   Proven coal reserves

3.9.   Coal production & consumption trends

3.9.1.   Annual coal production, Million Tonnes

3.9.2.   Annual coal consumption, Mtoe

3.10.   Industry impact forces

3.10.1. Growth drivers

3.10.1.1.   Positive outlook toward energy intensive industries

3.10.1.2.   Replacement of conventional boilers

3.10.1.3.   Growing electricity demand

3.10.2. Industry pitfalls & challenges

3.10.2.1.   High initial investment

3.11.   Growth potential analysis

3.12.   Porter’s Analysis

3.13.     Competitive landscape, 2017

3.13.1. Strategy dashboard

3.13.1.1.   Babcock & Wilcox Enterprises, Inc.

3.13.1.1.1.    Divestitures

3.13.1.2.   BHEL

3.13.1.2.1.    Overseas business expansion

3.13.1.3.   Thermax

3.13.1.3.1.    Mergers & Acquisitions

3.14.   PESTEL Analysis

3.15.     Competitiveness Index

3.15.1. North America

3.15.1.1.   U.S.

3.15.1.2.   Canada

3.15.1.3.   Mexico

3.15.2. Europe

3.15.2.1.   France

3.15.2.2.   UK

3.15.2.3.   Poland

3.15.2.4.   Italy

3.15.2.5.   Spain

3.15.2.6.   Austria

3.15.2.7.   Germany

3.15.2.8.   Sweden

3.15.2.9.   Russia

3.15.3. Asia-Pacific

3.15.3.1.   China

3.15.3.2.   India

3.15.3.3.   Philippines

3.15.3.4.   Japan

3.15.3.5.   South Korea

3.15.3.6.   Australia

3.15.3.7.   Indonesia

3.15.4. Middle East & Africa

3.15.4.1.   Saudi Arabia

3.15.4.2.   Iran

3.15.4.3.   UAE

3.15.4.4.   Nigeria

3.15.4.5.   South Africa

3.15.4.6.   Latin America

3.15.4.7.   Argentina

3.15.4.8.   Chile

3.15.4.9.   Brazil

3.16.   Ease of Doing Business Index

3.16.1. North America

3.16.1.1.   U.S.

3.16.1.2.   Canada

3.16.1.3.   Mexico

3.16.2. Europe

3.16.2.1.   France

3.16.2.2.   UK

3.16.2.3.   Poland

3.16.2.4.   Italy

3.16.2.5.   Spain

3.16.2.6.   Austria

3.16.2.7.   Germany

3.16.2.8.   Sweden

3.16.2.9.   Russia

3.16.3. Asia-Pacific

3.16.3.1.   China

3.16.3.2.   India

3.16.3.3.   Philippines

3.16.3.4.   Japan

3.16.3.5.   South Korea

3.16.3.6.   Australia

3.16.3.7.   Indonesia

3.16.4. Middle East & Africa

3.16.4.1.   Saudi Arabia

3.16.4.2.   Iran

3.16.4.3.   UAE

3.16.4.4.   Nigeria

3.16.4.5.   South Africa

3.16.5. Latin America

3.16.5.1.   Argentina

3.16.5.2.   Chile

3.16.5.3.   Brazil

3.17.   Parameters affecting market entry

Chapter 4. Utility Boiler Market, By Technology

4.1. Utility boiler market share by technology, 2017 & 2024

4.2. Subcritical

4.2.1.   Global market from subcritical, 2014 - 2024

4.2.2.   Global market from subcritical, by region, 2014 - 2024

4.3. Supercritical

4.3.1.   Global market from supercritical, 2014 - 2024

4.3.2.   Global market from supercritical, by region, 2014 - 2024

4.4. Ultra-supercritical

4.4.1.   Global market from ultra-supercritical, 2014 - 2024

4.4.2.   Global market from ultra-supercritical, by region, 2014 - 2024

Chapter 5. Utility Boiler Market, By Capacity

5.1.    Utility boiler market share by capacity, 2017 & 2024

5.2.     30-100 MW

5.2.1.   Global market from 30-100 MW, 2014 - 2024

5.2.2.   Global market from 30-100 MW, by region, 2014 - 2024

5.3.    100-250 MW

5.3.1.   Global market from 100-250 MW, 2014 - 2024

5.3.2.   Global market from 100-250 MW, by region, 2014 - 2024

5.4.    250-500 MW

5.4.1.   Global market from 250-500 MW, 2014 - 2024

5.4.2.   Global market from 250-500 MW, by region, 2014 - 2024

5.5.    >500 MW

5.5.1.   Global market from >500 MW, 2014 - 2024

5.5.2.   Global market from >500 MW, by region, 2014 - 2024

Chapter 6. Utility Boiler Market, By Region

6.1. Utility boiler market share by region, 2017 & 2024

6.2. China

6.2.1.   China market, 2014 - 2024

6.2.2.   China market by capacity, 2014 - 2024

6.2.3.   China market by technology, 2014 - 2024

6.3. India

6.3.1.   India market, 2014 - 2024

6.3.2.   India market by capacity, 2014 - 2024

6.3.3.   India market by technology, 2014 - 2024

6.4. North & South America

6.4.1.   North & South America market, 2014 - 2024

6.4.2.   North & South America market by capacity, 2014 - 2024

6.4.3.   North & South America market by technology, 2014 - 2024

6.4.4.   U.S.

6.4.4.1.   U.S. market, 2014 - 2024

6.4.4.2.   U.S. market by capacity, 2014 - 2024

6.4.4.3.   U.S. market by technology, 2014 - 2024

6.4.5.   Brazil

6.4.5.1.   Brazil market, 2014 - 2024

6.4.5.2.   Brazil market by capacity, 2014 - 2024

6.4.5.3.   Brazil market by technology, 2014 - 2024

6.4.6.   Colombia

6.4.6.1.   Colombia market, 2014 - 2024

6.4.6.2.   Colombia market by capacity, 2014 - 2024

6.4.6.3.   Colombia market by technology, 2014 - 2024

6.4.7.   Chile

6.4.7.1.   Chile market, 2014 - 2024

6.4.7.2.   Chile market by capacity, 2014 - 2024

6.4.7.3.   Chile market by technology, 2014 - 2024

6.4.8.   Panama

6.4.8.1.   Panama market, 2014 - 2024

6.4.8.2.   Panama market by capacity, 2014 - 2024

6.4.8.3.   Panama market by technology, 2014 - 2024

6.4.9.   Argentina

6.4.9.1.   Argentina market, 2014 - 2024

6.4.9.2.   Argentina market by capacity, 2014 - 2024

6.4.9.3.   Argentina market by technology, 2014 - 2024

6.4.10. Guatemala

6.4.10.1.   Guatemala market, 2014 - 2024

6.4.10.2.   Guatemala market by capacity, 2014 - 2024

6.4.10.3.   Guatemala market by technology, 2014 - 2024

6.4.11. Canada

6.4.11.1.   Canada market, 2014 - 2024

6.4.11.2.   Canada market by capacity, 2014 - 2024

6.4.11.3.   Canada market by technology, 2014 - 2024

6.5. Europe

6.5.1.   Europe market, 2014 - 2024

6.5.2.   Europe market by capacity, 2014 - 2024

6.5.3.   Europe market by technology, 2014 - 2024

6.5.4.   Poland

6.5.4.1.   Poland market, 2014 - 2024

6.5.4.2.   Poland market by capacity, 2014 - 2024

6.5.4.3.   Poland market by technology, 2014 - 2024

6.5.5.   Czech Republic

6.5.5.1.   Czech Republic market, 2014 - 2024

6.5.5.2.   Czech Republic market by capacity, 2014 - 2024

6.5.5.3.   Czech Republic market by technology, 2014 - 2024

6.5.6.   Bosnia & Herzegovina

6.5.6.1.   Bosnia & Herzegovina market, 2014 - 2024

6.5.6.2.   Bosnia & Herzegovina market by capacity, 2014 - 2024

6.5.6.3.   Bosnia & Herzegovina market by technology, 2014 - 2024

6.5.7.   Turkey

6.5.7.1.   Turkey market, 2014 - 2024

6.5.7.2.   Turkey market by capacity, 2014 - 2024

6.5.7.3.   Turkey market by technology, 2014 - 2024

6.5.8.   Russia

6.5.8.1.   Russia market, 2014 - 2024

6.5.8.2.   Russia market by capacity, 2014 - 2024

6.5.8.3.   Russia market by technology, 2014 - 2024

6.5.9.   Tajikistan

6.5.9.1.   Tajikistan market, 2014 - 2024

6.5.9.2.   Tajikistan market by capacity, 2014 - 2024

6.5.9.3.   Tajikistan market by technology, 2014 - 2024

6.5.10. Rest of Europe

6.5.10.1.   Rest of Europe market, 2014 - 2024

6.5.10.2.   Rest of Europe market by capacity, 2014 - 2024

6.5.10.3.   Rest of Europe market by technology, 2014 - 2024

6.6. Asia Pacific

6.6.1.   Asia Pacific market, 2014 - 2024

6.6.2.   Asia Pacific market by capacity, 2014 - 2024

6.6.3.   Asia Pacific market by technology, 2014 - 2024

6.6.4.   Indonesia

6.6.4.1.   Indonesia market, 2014 - 2024

6.6.4.2.   Indonesia market by capacity, 2014 - 2024

6.6.4.3.   Indonesia market by technology, 2014 - 2024

6.6.5.   Philippines

6.6.5.1.   Philippines market, 2014 - 2024

6.6.5.2.   Philippines market by capacity, 2014 - 2024

6.6.5.3.   Philippines market by technology, 2014 - 2024

6.6.6.   Thailand

6.6.6.1.   Thailand market, 2014 - 2024

6.6.6.2.   Thailand market by capacity, 2014 - 2024

6.6.6.3.   Thailand market by technology, 2014 - 2024

6.6.7.   Mongolio

6.6.7.1.   Mongolio market, 2014 - 2024

6.6.7.2.   Mongolio market by capacity, 2014 - 2024

6.6.7.3.   Mongolio market by technology, 2014 - 2024

6.6.8.   Bangladesh

6.6.8.1.   Bangladesh market, 2014 - 2024

6.6.8.2.   Bangladesh market by capacity, 2014 - 2024

6.6.8.3.   Bangladesh market by technology, 2014 - 2024

6.6.9.   Pakistan

6.6.9.1.   Pakistan market, 2014 - 2024

6.6.9.2.   Pakistan market by capacity, 2014 - 2024

6.6.9.3.   Pakistan market by technology, 2014 - 2024

6.6.10. Japan

6.6.10.1.   Japan market, 2014 - 2024

6.6.10.2.   Japan market by capacity, 2014 - 2024

6.6.10.3.   Japan market by technology, 2014 - 2024

6.6.11. Vietnam

6.6.11.1.   Vietnam market, 2014 - 2024

6.6.11.2.   Vietnam market by capacity, 2014 - 2024

6.6.11.3.   Vietnam market by technology, 2014 - 2024

6.6.12. South Korea

6.6.12.1.   South Korea market, 2014 - 2024

6.6.12.2.   South Korea market by capacity, 2014 - 2024

6.6.12.3.   South Korea market by technology, 2014 - 2024

6.6.13. Rest of Asia Pacific

6.6.13.1.   Rest of Asia Pacific market, 2014 - 2024

6.6.13.2.   Rest of Asia Pacific market by capacity, 2014 - 2024

6.6.13.3.   Rest of Asia Pacific market by technology, 2014 - 2024

6.7. Middle East & Africa

6.7.1.   Middle East & Africa market, 2014 - 2024

6.7.2.   Middle East & Africa market by capacity, 2014 - 2024

6.7.3.   Middle East & Africa market by technology, 2014 - 2024

6.7.4.   UAE

6.7.4.1.   UAE market, 2014 - 2024

6.7.4.2.   UAE market by capacity, 2014 - 2024

6.7.4.3.   UAE market by technology, 2014 - 2024

6.7.5.   Morocco

6.7.5.1.   Morocco market, 2014 - 2024

6.7.5.2.   Morocco market by capacity, 2014 - 2024

6.7.5.3.   Morocco market by technology, 2014 - 2024

6.7.6.   Botswana

6.7.6.1.   Botswana market, 2014 - 2024

6.7.6.2.   Botswana market by capacity, 2014 - 2024

6.7.6.3.   Botswana market by technology, 2014 - 2024

6.7.7.   Nigeria

6.7.7.1.   Nigeria market, 2014 - 2024

6.7.7.2.   Nigeria market by capacity, 2014 - 2024

6.7.7.3.   Nigeria market by technology, 2014 - 2024

6.7.8.   Tanzania

6.7.8.1.   Tanzania market, 2014 - 2024

6.7.8.2.   Tanzania market by capacity, 2014 - 2024

6.7.8.3.   Tanzania market by technology, 2014 - 2024

6.7.9.   South Africa

6.7.9.1.   South Africa market, 2014 - 2024

6.7.9.2.   South Africa market by capacity, 2014 - 2024

6.7.9.3.   South Africa market by technology, 2014 - 2024

6.7.10. Egypt

6.7.10.1.   Egypt market, 2014 - 2024

6.7.10.2.   Egypt market by capacity, 2014 - 2024

6.7.10.3.   Egypt market by technology, 2014 - 2024

6.7.11. Rest of Middle East & Africa

6.7.11.1.   Rest of Middle East & Africa market, 2014 - 2024

6.7.11.2.   Rest of Middle East & Africa market by capacity, 2014 - 2024

6.7.11.3.   Rest of Middle East & Africa market by technology, 2014 - 2024

Chapter 7. Company Profiles

7.1.   Babcock and Wilcox Enterprises, Inc.

7.1.1.   Business Overview

7.1.2.   Financial Data

7.1.3.   Product Landscape

7.1.4.   Strategic Outlook

7.1.5.   SWOT Analysis

7.2.   IHI Corporation

7.2.1.   Business Overview

7.2.2.   Financial Data

7.2.3.   Product Landscape

7.2.4.   Strategic Outlook

7.2.5.   SWOT Analysis

7.3.   CMI Group

7.3.1.   Business Overview

7.3.2.   Financial Data

7.3.3.   Product Landscape

7.3.4.   SWOT Analysis

7.4.    AMEC Foster Wheeler Ltd.

7.4.1.   Business Overview

7.4.2.   Financial Data

7.4.3.   Product Landscape

7.4.4.   SWOT Analysis

7.5.   Doosan Heavy Industries & Construction Co., Ltd.

7.5.1.   Business Overview

7.5.2.   Financial Data

7.5.3.   Product Landscape

7.5.4.   SWOT Analysis

7.6.   Mitsubishi Hitachi Power Systems, Ltd.

7.6.1.   Business Overview

7.6.2.   Financial Data

7.6.3.   Product Landscape

7.6.4.   SWOT Analysis

7.7.   General Electric

7.7.1.   Business Overview

7.7.2.   Financial Data

7.7.3.   Product Landscape

7.7.4.   Strategic Outlook

7.7.5.   SWOT Analysis

7.8.   Siemens AG

7.8.1.   Business Overview

7.8.2.   Financial Data

7.8.3.   Product Landscape

7.8.4.   Strategic Outlook

7.8.5.   SWOT Analysis

7.9.   AC Boilers Spa

7.9.1.   Business Overview

7.9.2.   Financial Data

7.9.3.   Product Landscape

7.9.4.   SWOT Analysis

7.10.   Rentech Boiler Systems Inc.Business Overview

7.10.1. Financial Data

7.10.2. Product Landscape

7.10.3. Strategic Outlook

7.10.4. SWOT Analysis

7.11.   Thermax Limited

7.11.1. Business Overview

7.11.2. Financial Data

7.11.3. Product Landscape

7.11.4. Strategic Outlook

7.11.5. SWOT Analysis

7.12.   Walchandnagar Industries Limited (WIL)Business Overview

7.12.1. Financial Data

7.12.2. Product Landscape

7.12.3. Strategic Outlook

7.12.4. SWOT Analysis

7.13.   Victory Energy Operations, LLC

7.13.1. Business Overview

7.13.2. Financial Data

7.13.3. Product Landscape

7.13.4. Strategic Outlook

7.13.5. SWOT Analysis

7.14.   Bharat Heavy Electricals Limited

7.14.1. Business Overview

7.14.2. Financial Data

7.14.3. Product Landscape

7.14.4. Strategic Outlook

7.14.5. SWOT Analysis

Authors: Ankit Gupta, Abhishek Chopra

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Premium Report Details

Base Year: 2017

Companies covered: 14

Tables & Figures: 512

Countries covered: 32

Pages: 335

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