발전소용 보일러 시장 : 공정별, 기술별, 용량별, 연료 유형별, 용도별 - 세계 예측(2024-2030년)

[184 Pages Report] The Power Plant Boiler Market size was estimated at USD 20.80 billion in 2023 and expected to reach USD 22.09 billion in 2024, at a CAGR 6.48% to reach USD 32.29 billion by 2030.

A power plant boiler is a device used in energy production facilities to generate steam by heating water. These boilers are critical components in thermal power stations where the steam produced is used to drive turbines connected to electric generators. Rising electricity demand globally, coupled with industrialization and urbanization, particularly in developing economies, has contributed to the expansion of power plant boiler usage. Additionally, enhancements in technology have improved the efficiency & environmental compatibility of these boilers, making them more attractive. However, they are capital-intensive to install and maintain, and their operation is heavily regulated due to environmental concerns, such as emissions of pollutants, including sulfur dioxide, nitrogen oxides, & other particulate matter, which may challenge their growth.

Moreover, the shift towards renewable energy sources, including wind and solar, which do not rely on boilers, also poses significant barriers to the growth of the power plant boiler market. Nevertheless, the development and implementation of cleaner and more efficient technologies, such as ultra-supercritical and advanced ultra-supercritical boilers, present an opportunistic view for market growth. Furthermore, retrofitting existing boilers with advanced pollution control technologies or efficiency enhancers provides a substantial market opportunity, supporting the ongoing use of existing infrastructure in a more environmentally friendly way.

Regional Insights

The power plant boiler market experienced steady growth in the Americas owing to the stringent environmental regulations in the United States and Canada, encouraging the use of cleaner energy sources and the modernization of aging thermal power infrastructure. Countries in South America, including Brazil and Argentina, are gradually investing in thermal power due to increasing energy demands and infrastructure development projects. In EMEA, Europe leads in adopting renewable energy technologies, however, thermal power still plays a critical role, especially in Eastern Europe and Russia.

In Western Europe, environmental concerns and government policies are driving the modernization of existing facilities to make them more efficient and less environmentally damaging. In the Middle East, despite the substantial reserves of oil & natural gas, there is a growing deployment of boilers for power generation to meet growing domestic and industrial energy needs. The Asia Pacific region shows the most dynamic landscape for the power plant boiler market, driven mainly by China and India, due to rapid industrialization & urbanization that has significantly increased electricity demand. Both governments are investing heavily in power generation capacity to support economic growth, although there is also a strong push towards minimizing environmental impact.

Market Insights

• Market Dynamics

The market dynamics represent an ever-changing landscape of the Power Plant Boiler Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• Market Drivers

• Rising government initiatives and investment for power generation
• Constantly rising demand for electricity

• Market Restraints

• High capital requirements for product installation and maintenance

• Market Opportunities

• Advancements in power plant technology for generation of an enormous amount of electricity
• Rising importance and focus on renewable energy for sustainable development

• Market Challenges

• Tradeoffs between boiler's efficient power output and reducing environmental emissions

• Market Segmentation Analysis

• Process: Suitability of fluidized bed combustion process owing to the flexibility of use across a wide range of fuels
• Application: Increasing adoption of industrial boilers owing to their robustness and efficiency

• Market Disruption Analysis
• Porter's Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Power Plant Boiler Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Power Plant Boiler Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Valmet to Undertake Major Boiler Rebuild for E.ON's Power Station in Scotland

Valmet has been contracted to rebuild the boiler comprehensively at E.ON's power station in Scotland, United Kingdom. This project, set to commence in 2024, aims to enhance the efficiency and extend the operational lifespan of the plant. The reconstruction focuses on updating the boiler's technology to improve its performance and reliability while reducing its environmental impact. This initiative is part of E.ON's broader strategy to modernize its facilities, ensuring more sustainable and efficient energy production. [Published On: 2024-04-16]

Launch of Finland's Electric Boiler and Thermal Energy Storage System in Vaasa

Innovative 120 MW electric boilers began operating in Vaskiluoto, Vaasa, increasing the total capacity at the Vaasan Voima plant to 160 MW. These installations, ranking among Finland's most potent in capacity, work synergistically with an upgraded thermal energy storage (TES) facility. This strategic enhancement not only strengthens the system's flexibility and cost efficiency but also significantly lowers emissions involved in district heat production. The upgraded facility offers a state-of-the-art solution for energy management and represents a critical step towards sustainable heating solutions. [Published On: 2023-11-17]

John Cockerill Secures Contract for Heat Recovery Boiler in Singapore

John Cockerill obtained a contract from Mitsubishi Takasago to design and supply a Heat Recovery Steam Generator (HRSG) for a combined cycle power plant in Singapore. This initiative underscores the company's commitment to expanding its presence in the Asian market. The HRSG, part of the plant's gas turbine system, is essential in increasing the plant's efficiency by utilizing waste heat from the gas turbine to generate steam. This steam is then used to drive a steam turbine, significantly enhancing the overall electricity production without additional fuel consumption. This project supports Singapore's energy diversification efforts and aligns with global moves towards more sustainable energy solutions by optimizing fuel use and reducing emissions. [Published On: 2023-09-07]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Power Plant Boiler Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Power Plant Boiler Market, highlighting leading vendors and their innovative profiles. These include Andritz Group, Babcock & Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited, Dongfang Electric Corporation, Doosan Heavy Industries & Construction, General Electric Company, Harbin Electric Corporation, Hitachi Ltd., IHI Corporation, Isgec Heavy Engineering Ltd., JFE Engineering Corporation, John Cockerill, John Wood Group PLC, Mitsubishi Power, Ltd., PJSC Krasny Kotelshchik, Rakhoh Industries Pvt Ltd., Rentech Boiler, Siemens AG, Sofinter Group, Sumitomo Heavy Industries, Ltd., Thermax Limited, ThyssenKrupp AG, Uttamenergy Limited, Valmet Oyj, and Zhengzhou Boiler Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Power Plant Boiler Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Process

• Fluidized Bed Combustion
• Pulverized Fuel Combustion

• Technology

• Subcritical
• Supercritical
• Ultra-supercritical

• Capacity

• 400-800 MW
• <400 MW
• >=800 MW

• Fuel Type

• Coal
• Natural Gas
• Nuclear
• Petroleum
• Renewables

• Application

• Industrial Boilers
• Utility Boilers

• Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas

• Asia-Pacific

• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam

• Europe, Middle East & Africa

• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Rising government initiatives and investment for power generation
    • 5.1.1.2. Constantly rising demand for electricity
  • 5.1.2. Restraints
    • 5.1.2.1. High capital requirements for product installation and maintenance
  • 5.1.3. Opportunities
    • 5.1.3.1. Advancements in power plant technology for generation of an enormous amount of electricity
    • 5.1.3.2. Rising importance and focus on renewable energy for sustainable development
  • 5.1.4. Challenges
    • 5.1.4.1. Tradeoffs between boiler's efficient power output and reducing environmental emissions
• 5.2. Market Segmentation Analysis
  • 5.2.1. Process: Suitability of fluidized bed combustion process owing to the flexibility of use across a wide range of fuels
  • 5.2.2. Application: Increasing adoption of industrial boilers owing to their robustness and efficiency
• 5.3. Market Disruption Analysis
• 5.4. Porter's Five Forces Analysis
  • 5.4.1. Threat of New Entrants
  • 5.4.2. Threat of Substitutes
  • 5.4.3. Bargaining Power of Customers
  • 5.4.4. Bargaining Power of Suppliers
  • 5.4.5. Industry Rivalry
• 5.5. Value Chain & Critical Path Analysis
• 5.6. Pricing Analysis
• 5.7. Technology Analysis
• 5.8. Patent Analysis
• 5.9. Trade Analysis
• 5.10. Regulatory Framework Analysis

6. Power Plant Boiler Market, by Process

• 6.1. Introduction
• 6.2. Fluidized Bed Combustion
• 6.3. Pulverized Fuel Combustion

7. Power Plant Boiler Market, by Technology

• 7.1. Introduction
• 7.2. Subcritical
• 7.3. Supercritical
• 7.4. Ultra-supercritical

8. Power Plant Boiler Market, by Capacity

• 8.1. Introduction
• 8.2. 400-800 MW
• 8.3. <400 MW
• 8.4. >=800 MW

9. Power Plant Boiler Market, by Fuel Type

• 9.1. Introduction
• 9.2. Coal
• 9.3. Natural Gas
• 9.4. Nuclear
• 9.5. Petroleum
• 9.6. Renewables

10. Power Plant Boiler Market, by Application

• 10.1. Introduction
• 10.2. Industrial Boilers
• 10.3. Utility Boilers

11. Americas Power Plant Boiler Market

• 11.1. Introduction
• 11.2. Argentina
• 11.3. Brazil
• 11.4. Canada
• 11.5. Mexico
• 11.6. United States

12. Asia-Pacific Power Plant Boiler Market

• 12.1. Introduction
• 12.2. Australia
• 12.3. China
• 12.4. India
• 12.5. Indonesia
• 12.6. Japan
• 12.7. Malaysia
• 12.8. Philippines
• 12.9. Singapore
• 12.10. South Korea
• 12.11. Taiwan
• 12.12. Thailand
• 12.13. Vietnam

13. Europe, Middle East & Africa Power Plant Boiler Market

• 13.1. Introduction
• 13.2. Denmark
• 13.3. Egypt
• 13.4. Finland
• 13.5. France
• 13.6. Germany
• 13.7. Israel
• 13.8. Italy
• 13.9. Netherlands
• 13.10. Nigeria
• 13.11. Norway
• 13.12. Poland
• 13.13. Qatar
• 13.14. Russia
• 13.15. Saudi Arabia
• 13.16. South Africa
• 13.17. Spain
• 13.18. Sweden
• 13.19. Switzerland
• 13.20. Turkey
• 13.21. United Arab Emirates
• 13.22. United Kingdom

14. Competitive Landscape

• 14.1. Market Share Analysis, 2023
• 14.2. FPNV Positioning Matrix, 2023
• 14.3. Competitive Scenario Analysis
  • 14.3.1. Valmet to Undertake Major Boiler Rebuild for E.ON's Power Station in Scotland
  • 14.3.2. Launch of Finland's Electric Boiler and Thermal Energy Storage System in Vaasa
  • 14.3.3. John Cockerill Secures Contract for Heat Recovery Boiler in Singapore
• 14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

• 15.1. Key Company Profiles
• 15.2. Key Product Portfolio