Advanced Utility Boiler Market worth $2,764.19 Billion By 2019

Tuesday 13 May 2014, Amsterdam

The report "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" ,defines and segments the global Advanced Boiler market with the analysis and forecast of the global revenue. The advanced boiler market is estimated to grow from over $1,942.52 billion in 2013 to nearly $2,764.19 billion by 2019, at a CAGR of over 6.6%.

The increased energy demand in developing countries due to their rapid economic growth and heavy dependency on fossil fuels as a primary fuel has lead to the growth of advanced utility boilers market. To meet the growing energy demand, new power plants with a high capacity are being installed, where an up-gradation of existing facilities is being done to bridge the demand-supply gap and to avail the latest in technological benefits. Global environmental norms related to climate change have forced both developed and developing countries to reduce their carbon footprints. This can be achieved by making the efficient utilization of the available coal and by installing energy efficient models of boilers, which has also led to the growth of advanced boilers.

Europe and North America being as advanced in technology as they are, have already installed advanced boilers in their nations, where their aging power plants will provide opportunities for equipment replacements, upgrades, and modernization. The Asia-Pacific region and a few Middle Eastern and African countries, represent the largest and fastest-growing market worldwide. Robust economic developments, rapid industrialization, increasing urbanization, government infrastructure development programs, and the expanding population, represent key growth factors.

Global environmental regulations with respect to climate change and greenhouse gas emissions, has led to government incentive programs that are helping Asia-Pacific accelerate the replacement and up-gradation of aging power generation equipment with energy-efficient boiler technologies such as, subcritical boilers, supercritical boilers, and ultra supercritical boilers.

The report analyzes and projects the advanced boiler market by types, applications, and geography. The advanced boiler market by type includes supercritical boilers, subcritical boilers, ultra super critical boilers and others. The market is classified by application which includes combined cycle power plants, diesel power plants, natural gas plants, coal fired power plants and others. The classification of the advanced boiler market by geography includes Asia-Pacific, Europe, the Middle East & Africa, North America, and South America.

The report also includes the market share, supply chain, and value chain analysis, Porters Five Force model analysis, and the market metrics such as drivers, restraints, burning issues, winning imperatives, and opportunities. In addition to these, it presents a competitive landscape and company profiles of 12 key players in the market that include major companies which provide advanced boiler manufacturers.