The Power Plant Boiler market was valued at USD 216.9 billion in 2020 and is expected to reach USD 27 billion by 2028, registering a CAGR of 2% from 2021 to 2027.
Government-led policies and increased energy consumption are the main drivers for the power plant boiler market. Technological advances are also playing a role in driving market growth. In addition, increasing reliance on mobile devices such as smartphones, smart automation, etc. is expected to drive the demand for electricity, driving the market growth.
A full report of Power Plant Boiler Market available at: https://www.orionmarketreports.com/power-plant-boiler-market/59368/
Major Players
The major players in the market are Ansaldo S.P.A., Mitsubishi Heavy Industries Ltd., Siemens AG, Amec Foster Wheeler, Harbin Boiler Engineering Co., Ltd., Thermax Ltd., IHI Corporation, Babcock & Wilcox Enterprises, Dongfang Electric Corporation (DEC), and General Electric.
Power Plant Boiler Market- Segmentation
By Fuel Type
• Coal
• Natural gas
• Nuclear
• Petroleum
• Others
By Technology
• Ultra-critical
• Supercritical
• Subcritical
By Process
• Fluidized Bed Combustion
• Pulverized Fuel Combustion
• Others
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