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Utility Boiler Market By Type (Pulverized Coal Towers, Circulating Fluidized Bed Boilers, Other Boilers), By Technology (Subcritical, Supercritical, Ultra-Supercritical, Others) By Capacity (<400 MW,400-800 MW,>=800 MW) By Fuel Type (Coal Based, Gas Based, Oil Based, Other Fuel Based) By Geography (Asia Pacific, North America, Europe, Middle East & Africa, South & Central America) - Forecast(2024 - 2030)
Utility Boiler Market Overview:
The global Utility Boiler Market size was valued at, US$1687 Million by 2030, growing at a compound annual growth rate (CAGR) of 2% from 2023 to 2030.
Utility boilers are those big, hulking machines that help generate electricity on a massive scale. They are the powerhouses of power plants, tirelessly burning fossil fuels - and sometimes biomass - to produce steam, which is then used to spin turbines and generate electricity.
There are a few different flavors of utility boilers out there. We've got your traditional subcritical boilers, which operate at lower pressures and temperatures. Then we have supercritical boilers, which operate at higher pressures and temperatures. And finally, we have ultra-supercritical boilers, which are like the superheroes of the boiler world, operating at even higher pressures and temperatures for maximum efficiency.
Utility boilers find themselves in a wide range of applications. From power plants to industrial processes, they're basically the go-to guys when it comes to producing copious amounts of steam for a variety of purposes. Think of them as the workhorses behind the scenes, silently churning away to keep the lights on and the industrial wheels turning.
Market Snapshot:
Utility Boiler Market- Report Coverage:
The “Utility Boiler Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Utility boilers market.
Utility Boiler Market- Top Trends:
Increasing demand for clean and efficient energy: With the growing focus on reducing carbon emissions and advancing sustainability efforts, there is a rising demand for utility boilers that produce clean and efficient energy. This trend is driven by stricter regulations and the shift towards renewable and low-emission energy sources.
Adoption of advanced technologies: The utility boiler industry is embracing advanced technologies to enhance operational efficiency and reduce environmental impact. Technologies such as supercritical and ultra-supercritical boilers, as well as fluidized bed combustion systems, are gaining popularity for their increased efficiency and lower emissions.
Growing emphasis on flexibility and fuel diversity: As energy needs evolve, utility boilers are being designed to accommodate a wider range of fuel sources. This flexibility allows for the utilization of diverse fuel types, including natural gas, coal, biomass, and even hydrogen. This trend ensures stability in the energy supply chain and reduces dependence on a single fuel source.
Integration of digital solutions: Digitalization is transforming the utility boiler market by enabling real-time monitoring, predictive maintenance, and optimization of boiler operations. Integrated software solutions, advanced sensors, and data analytics are being deployed to enhance performance, improve safety, and reduce downtime.
Focus on waste heat recovery: Utility boilers are increasingly used for waste heat recovery, allowing industries to utilize excess heat generated during various processes. This trend not only improves overall energy efficiency but also reduces operational costs and environmental impact.
The Utility Boiler Market- Company Analysis
General Electric Company: General Electric Power is a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption.
Sumitomo Corp: Sumitomo Corporation is one of the largest worldwide sogo shosha general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group.
Mitsubishi Corp: Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses together with its offices and subsidiaries worldwide, as well as with its global network of around 1,700 group companies.MC has 10 Business Groups that operate across virtually every industry: Natural Gas, Industrial Materials, Chemicals Solution, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution and Urban Development.
Larsen & Toubro Limited: Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai. The company is counted among world's top five construction companies.
Doosan Corp: Doosan Group is a South Korean multinational conglomerate corporation. In 2009, the corporation was placed in the Fortune Global 500 index. It is the parent company of Bobcat and Škoda Power.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Utility Boiler Market Report. The top 10 companies in this industry are listed below:
- General Electric Company
- Sumitomo Corp
- Mitsubishi Corp
- Larsen & Toubro Limited
- Doosan Corp
- Emerson Electric Co.
- IHI Corporation
- OJSC Power Machines
- The CMI Group
- Doosan Heavy Industries & Construction
Scope of Report:
For more Energy and Power Market reports, please click here
1. Utility Boiler Market- Overview
1.1 Definitions and Scope
2. Utility Boiler Market - Executive Summary
3. Utility Boiler Market- Comparative Analysis
3.1 Company Benchmarking - Key Companies
3.2 Global Financial Analysis - Key Companies
3.3 Market Share Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Utility Boiler Market- Start-up Companies Scenario (Premium)
4.1 Key Start-up Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Utility Boiler Market– Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. Utility Boiler Market- Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Challenges
6.4 Porter's Five Force Model
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Powers of Customers
6.4.3 Threat of New Entrants
6.4.4 Rivalry Among Existing Players
6.4.5 Threat of Substitutes
7. Utility Boiler Market– Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Utility Boiler Market– By Type
8.1 Pulverized Coal Towers
8.1.1 Market Trends by Region
8.1.2 Market Share & Forecast by Region
8.2 Circulating Fluidized Bed Boilers
8.2.1 Market Trends by Region
8.2.2 Market Share & Forecast by Region
8.3 Other Boilers
8.3.1 Market Trends by Region
8.3.2 Market Share & Forecast by Region
9. Utility Boiler Market– By Technology
9.1 Subcritical
9.1.1 Market Trends by Region
9.1.2 Market Share & Forecast by Region
9.2 Supercritical
9.2.1 Market Trends by Region
9.2.2 Market Share & Forecast by Region
9.3 Ultra-Supercritical
9.3.1 Market Trends by Region
9.3.2 Market Share & Forecast by Region
9.4 Others
9.4.1 Market Trends by Region
9.4.2 Market Share & Forecast by Region
10. Utility Boiler Market– By Capacity (Market Size – $Million/$Billion)
10.1 <400 MW
10.1.1 Market Trends by Region
10.1.2 Market Share & Forecast by Region
10.2 400-800 MW
10.2.1 Market Trends by Region
10.2.2 Market Share & Forecast by Region
10.3 >=800 MW
10.3.1 Market Trends by Region
10.3.2 Market Share & Forecast by Region
11. Utility Boiler Market-by Fuel Type (Market Size – $Million/$Billion)
11.1 Coal Based
11.1.1 Market Trends by Region
11.1.2 Market Share & Forecast by Region
11.2 Gas Based
11.2.1 Market Trends by Region
11.2.2 Market Share & Forecast by Region
11.3 Oil Based
11.3.1 Market Trends by Region
11.3.2 Market Share & Forecast by Region
11.4 Other Fuel Based
11.4.1 Market Trends by Region
11.4.2 Market Share & Forecast by Region
12. Utility Boiler Market– by Geography (Market Size – $Million/$Billion)
12.1 North America
12.1.1 The U.S.
12.1.2 Canada
12.2 Europe
12.2.1 UK
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 India
12.3.3 Japan
12.3.4 South Korea
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Chile
12.4.4 Colombia
12.4.5 Rest of South America
12.5 Rest of the World
12.5.1 Middle East
12.5.2 Africa
13. Utility Boiler Market– Entropy
14. Utility Boiler Market– Industry/Segment Competition Landscape Premium
14.1 Market Share Analysis
14.1.1 Market Share by Product Type – Key Companies
14.1.2 Market Share by Region – Key Companies
14.1.3 Market Share by Country – Key Companies
14.2 Competition Matrix
14.3 Best Practices for Companies
15. Utility Boiler Market– Key Company List by Country Premium Premium
16. Utility Boiler Market- Company Analysis
16.1 SteamMaster
16.2 BoilerPro
16.3 PowerHeat
16.4 HeatWave
16.5 EnergyBlaze
16.6 TurboFire
16.7 BoilerTech
16.8 HeatHaven
16.9 MegaSteam
16.10 TurboTherm
16.11 General Electric Company
16.12 Sumitomo Corp
16.13 Mitsubishi Corp
16.14 Larsen & Toubro Limited
16.15 Doosan Corp
16.16 Emerson Electric Co.
16.17 IHI Corporation
16.18 OJSC Power Machines
16.19 Babcock and Wilcox Enterprises, Inc
16.20 The CMI Group
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The Utility Boiler Market is projected to grow at 2% CAGR during the forecast period 2023-2030.
Utility Boiler Market size is projected to reach US$ 1687 Million by 2030
The leading players in the Utility Boiler Market are General Electric Company, Sumitomo Corp, Mitsubishi Corp, Larsen & Toubro Limited, Doosan Corp, Emerson Electric Co., IHI Corporation, OJSC Power Machines, The CMI Group, Doosan Heavy Industries & Construction