AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Power Plant Boiler market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Power Plant Boiler market.
The Fuel, such as Coal, is boosting the Power Plant Boiler market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Technology, such as Sub-critical, is boosting the Power Plant Boiler market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Power Plant Boiler market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rising Demand for Electricity Across Domains and Growing Urbanization and Industrialization.
Power plant boiler or steam generator is an equipment which produces steam when water is heated inside it. Rising electrical energy demand fueled by rapid industrialization is driving the power plant boiler market amid risk of growing demand for cleaner energy. To reduce carbon footprint, developed countries are investing in Eco-friendly power generation but the cost of setting up an equivalent alternate power source requires huge capital thus, power plant boilers still hold an edge and are widely deployed in emerging economies.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Power Plant Boiler market by Type (Fire-tube Boilers and Water-tube Boilers), by Application (Power Generation, Heating and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market