Power Plant Boiler is a system type that is used to produce heat by applying heat energy to water to generate power. A boiler is used in industries that use steam for a variety of purposes. The shape and scale of the boilers that will be built are determined by their intent or application. Boilers used in commercial installations and power plants are often larger and linked to point-of-use piping.
Depending on the use, these boilers are used in a variety of industries. In contrast to power stations and industrial facilities, mobile steam engines such as portable engines and steam locomotives use a smaller boiler that is connected to the point of use by piping. It is commonly used in the manufacture of electricity in the energy industry.
Power Plant Boiler Market, By Fuel Type
• Coal
• Natural gas
• Nuclear
• Petroleum
• Biomass
• Waste
• Oil
Based on Fuel Type, the market is segmented into Coal, Natural gas, Nuclear, Petroleum, and Others. Coal is the most common form of fuel used in power generation, accounting for nearly 40% of global electricity generation. Despite worries about high carbon emissions, the consumption of coal is expected to rise in the coming years. Governments all over the world are searching for new ways to reduce emissions generated by coal by implementing efficient technology.
Power Plant Boiler Market, By Technology
• Ultra-critical
• Supercritical
• Subcritical
Based on Technology, the market is segmented into Ultra-critical, Supercritical, Subcritical. In 2019, the supercritical segment accounted for the strongest share of the Power Plant Boiler Market. The increased adoption of supercritical technology over subcritical technology, as well as the emphasis on improving power infrastructure, are driving the growth of supercritical technology in the Power Plant Boiler industry.
Power Plant Boiler Market, By Process
• Fluidized Bed Combustion
• Pulverized Fuel Combustion
• Others
Based on Process, the market is segmented into Fluidized Bed Combustion, Pulverized Fuel Combustion, and Others. The pulverized fuel combustion (PFC) process is expected to be the highest-grossing market as this is widely used in large-scale power plants.
Power Plant Boiler Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Geography, the Global Power Plant Boiler Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. In 2019, Asia Pacific had the strongest share of the Power Plant Boiler Market. To satisfy the power demand, the country is investing heavily in the construction of new power plants in all provinces to ensure a consistent power supply for its factories.
