Market Dynamics

Increasing demand from chemical and power generation for various applications is expected to drive market growth of coal fired boiler market during the forecast period. Coal fired boilers are used to generate thermal energy by burning pulverized coal (also known as powdered coal). Coal is one of the primary sources for power generation. Coal is available abundantly and due to its low cost, it is widely used as a source. Nearly half of the global electricity demand is met using coal to generate power. There are many technologies that are used for power generation such as pulverized coal firing, coal gasification and cyclone furnace, and fluidized bed combustion.

Rapid industrialization and urbanization in the developing countries of the Asia Pacific and Latin America have resulted in rapid electricity demand growth over the years for both commercials as well as residential applications. Governments are also spending heavily to develop new power plants and upgrade existing ones. To meet the continuously growing electricity needs around the globe is fuelling the market of coal fired boilers.

Key Factors Impacting Market Growth:

• Fluctuating prices of other power generation fuel substitutes such as oil and natural gas
• Major demand for electricity and thermal energy
• Upgrading new and existing power plants

Regional Outlook:

The regional outlook for coal fired boiler market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for coal fired boiler market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of coal fired boiler market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for coal fired boiler market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: General Electric, Mitsubishi Hitachi Power Systems, Shanghai Industrial Boiler, Hangzhou Boiler Group, Bosch Thermo technology, ZG Boiler, Hebei Xinhuaxin Boiler Manufacturing, Industrial Boilers, AE&E Nanjing boiler, Hurst Boiler and Welding Company 

Market Segmentation:

By Boiler Type:

• DZL
• SHH
• SHL
• SZL
• Circulating Fluidized Bed (CFB)
• Pulverized Coal Tower
• Others

By End User:

• Power Generation
• Chemical & Petrochemical
• Oil & Gas
• Residential
• Commercial
• Others

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Boiler Type
  • By End User
• Western Europe
  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Boiler Type
  • By End User
• Eastern Europe
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Boiler Type
  • By End User
• Asia Pacific
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Boiler Type
  • By End User
• Middle East
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Boiler Type
  • By End User
• Rest of the World
  • By Region (South America, Africa)
  • By Boiler Type
  • By End User

Reasons To Buy This Report:

• Market size estimation of the coal fired boiler market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

For more information, contact: [email protected]