According to a new market report published by Credence Research Global Power Plant Boilers Market – Growth, Future Prospects & Competitive Analysis, 2017 – 2025, the Global Power Plant Boilers Market is expected to reach US$ 28.7 Bn by 2025, expanding at a CAGR of 4.0% during the forecast period 2017 – 2025.
The Power Plant Boilers Market Research Report Forecast 2017-2025 is an important source of insightful data for market strategists. It presents the Power Plant Boilers industry overview with growth analysis and past & futuristic cost, income, demand and supply data (as relevant). The research analysts present a detailed representation of the value chain and its distributor analysis. This Power Plant Boilers Market study gives complete data which improves the understanding. [Continue reading…]
Power plant boilers market is projected to gain impulse due to growing energy demand with increasing population and growth in application of energy consuming equipment. Rising environmental concerns over the carbon emission due to burning of fossil fuel, increasing complexity in storage and distribution of hydrocarbons due to their hazardous nature and advancement in technology is expected to propel the use of electric vehicles, electric railway engines, etc. Furthermore, favorable government initiatives in key consuming economies such as India to completely switch to electric vehicles completely on the road by 2030 expected to fuel the electricity consumption in India which is subsequently fueling the demand for power plant boilers. Moreover, increasing investment in research and development by key manufacturers and advancement in technology giving rise to low carbon emission boilers which are compliant to stringent regulations. Further, development of boilers which can run on renewable fuel including biogas, biofuels and waste are projected to witness the growth in demand of power plant boilers. However, rising environment concerns and growing inclination towards the clean energy driving the economies to invest in renewable energy such as solar and wind which is projected to restrain the demand for power plant boiler over the forecast period. Thus, power plant boilers market is projected to witness moderate growth over the forecast period (2017-2025).
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The qualitative study of drivers and limitations of Power Plant Boilers Market
- GE Power
- Ansaldo S.P.A
- AMEC Foster Wheeler
- Bharat Heavy Electricals Ltd
- Babcock & Wilcox Enterprises, Inc.
- Dongfang Electric Corporation Ltd.
- Doosan Heavy Industries & Construction
- Harbin Electric Company
- IHI Corporation
- Mitsubishi Hitachi Power Sytems Ltd.
- Siemens AG
- Thermax Ltd.
- Other Notable Players
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Research methodology and delivery time
Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
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