Utility Boiler Market to Witness Expansion During 2022-2027

The Utility Boiler Market report published by Stratview Research offers wide-ranging analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape, etc. This detailed study is a useful source of information for prominent market players, new entrants, investors, and stakeholders to gain a thorough understanding of the market and determine measures to be taken to gain a competitive advantage.

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The research offers segment wise analysis of the Utility Boiler market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.

Utility Boiler market by Technology Type

Based on the technology type, the market is segmented as subcritical, supercritical, and ultra-supercritical. Among these technology types, supercritical boilers are likely to remain the largest segment of the utility boiler market over the forecast period, owing to their capability to generate extra power at a reasonable cost, paired with the ever-growing demand for electricity across emerging economies. On the other hand, ultra-supercritical boilers are anticipated to witness significant growth as a result of government measures aimed at reducing GHG emissions.

Utility Boiler market by Capacity Type

Based on the capacity type, the market is segmented as 30-100 MW, 100-250 MW, 250-500 MW, and > 500 MW. The 30-100 MW utility boiler market is likely to maintain its dominance in the foreseen future. Ongoing investments in the industrial sector coupled with increasing thermal power generation capacity in key economies is expected to push the demand for these products. The >500 MW utility boiler market, on the other hand, is estimated to record significant growth during the forecast period.

Regional Insights                                            

In terms of regions, Asia-Pacific is expected to remain the largest market for utility boilers over the forecast period. The rising electricity demand, easy accessibility of coal, rapid industrialization, and increasing population are some of the factors that are driving the demand for utility boilers in the region. Also, Europe is anticipated to witness the fastest growth during 2022-2027, owing to the growing efforts toward energy conservation and the adoption of energy-efficient power generating technologies in the region.

Key Players

The following are the key players in the Utility Boiler market- 

• Babcock and Wilcox Enterprises, Inc.
• IHI Corporation
• The CMI Group
• Doosan Heavy Industries & Construction Co., Ltd.
• Mitsubishi Hitachi Power Systems

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