Advanced Utility Boilers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The rise in demand for energy owing to growing industrialization in emerging countries is presumed to drive the global market positively. Growing urbanization and a surge in electricity demand are expected to influence the overall market positively. Increasing environmental awareness coupled with stringent emission regulations and standards is projected to aid the global advanced utility boiler market over the forecast period. Mushrooming power plants, especially in emerging economies, and their over-dependence on fossil fuels are expected to aid the regional markets further.

MARKET SCOPE

The "Global Advanced Utility Boiler Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the advanced utility boiler market with detailed market segmentation by technology, fuel, power plant, and geography. The global advanced utility boiler market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading advanced utility boiler market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global advanced utility boiler market is segmented by technology, fuel, and power plant.

  Based on technology, the market is segmented into Subcritical, Supercritical, Ultra-Supercritical, and Others

  On the basis of fuel, the market is segmented into Coal, Natural Gas, Others.

  On the basis of power plant, the market is segmented into Conventional Thermal, Cogeneration, Combined Cycle, Others

MARKET DYNAMICS

Drivers-

  The factors such as rapidly increasing energy demands in developing regions such as Asia-Pacific and the requirement for cleaner technology for energy generation will drive the advanced utility boilers market growth.
Restrains

  However, the rise in the production of cleaner energy from renewable sources compared to advanced utility boilers is expected to restrain the market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.

IMPACT OF COVID-19

The advanced utility boiler manufacturers have closed their production process due to a disrupted supply of equipment and components from suppliers located in Southeast Asian countries and China due to the shutdown owing to the COVID-19 pandemic. Additionally, those companies involved with the advanced utility boiler had to close their manufacturing units due to a lack of workforce availability, which hampered market growth to a large extent. However, In 2021, National Thermal Power Corporation (NTPC), India's biggest state-owned power generator, and Bharat Heavy Electricals Limited (BHEL) signed an MoU to form a joint venture company to set up an 800 megawatts (MW) technology demonstration plant (TDP) at NTPC's existing power plant in Sipat, Chhattisgarh. The main objective of this joint venture is to demonstrate the home-grown advanced ultra-supercritical (AUSC) technology, which is expected to decline CO2 emissions by 20%. Furthermore, In 2021, the first of two 1000 MW ultra-supercritical coal-fired power plants in Port Dickson started commercial operations, bringing the total power generation capacity in the Malay Peninsula to 22,748 MW. These developments and achievements by the key players will aid the market in recovering from the disruptions due to the covid-19 pandemic.

MARKET PLAYERS

The reports cover key developments in the advanced utility boiler market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the advanced utility boiler market are anticipated to have lucrative growth opportunities in the future with the rising demand for advanced utility boiler in the global market. Below mentioned is the list of few companies engaged in the advanced utility boiler market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the advanced utility boiler market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.

•   Alstom Limited
  
•   General Electric
  
•   Hitachi Limited
  
•   Bharat Heavy Electricals
  
•   Mitsubishi Heavy Industries
  
•   Doosan Heavy industries and Construction
  
•   Harbin Electric Company
  
•   Babcock and Wilcox
  
•   Dongfang Electric Corporations
  
•   Shanghai Electric Company
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Advanced Utility Boilers Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Technology Subcritical Supercritical Ultra-Supercritical By Fuel Coal Natural Gas By Power Plant Conventional Thermal Cogeneration Combined Cycle
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Alstom Limited General Electric Hitachi Limited Bharat Heavy Electricals Mitsubishi Heavy Industries Doosan Heavy industries and Construction Harbin Electric Company Babcock and Wilcox Dongfang Electric Corporations