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Utility Boiler Industry Global Market Growth, Size, Share, Demand, Trends and Forecasts to 2026

The global utility boiler market is expected to gain momentum from a rise in economic development across the world. It is increasing the demand for energy. This information is published in an upcoming report by Fortune Business Insights, titled, “Utility Boiler Market Size, Share and Global Trend by Capacity (30-100MW, 100-250MW, 250-500MW, Above 500MW), By Technology (Subcritical, Supercritical, Ultra- Supercritical), and Geography Forecast till 2026.” The report further mentions that rising investment in developing the power generation capacity to meet the ever-increasing residential and industrial demand for electricity across the world will contribute to the global utility boiler market growth in the coming years. Additionally, in numerous countries, governments are putting forward strict rules and regulations to control the emission of carbon. It is leading to the installation of utility boilers in power plants.

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Fortune Business Insights profiled some of the prominent players operating in the global utility boiler market. They are as follows:

  • Babcock and Wilcox
  • IHI
  • CMI
  • AMEC Foster Wheeler
  • Siemens
  • Bharat Heavy Electricals Limited
  • Doosan Heavy Industries
  • General Electric
  • C. Boilers
  • Rentech
  • Thermax
  • Mitsubishi Hitachi Power Systems
  • Victory Energy Operations
  • Walchandnagar Industries Limited

Key Market Driver – Robust in energy demand

Key Market Restraint – Shift toward other advanced technology for power generation

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Key Segmental Overview:

  1. By Capacity
  • 30-100MW
  • 100-250MW
  • 250-500MW
  • Above 500MW
  1. By Technology
  • Subcritical
  • Supercritical
  • Ultra- Supercritical
  1. By Geography
  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Expansion of Small Scale Industries and Manufacturing Hubs to Favor Growth in Asia Pacific

Geographically, the global utility boiler market is divided into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. Out of these, Asia Pacific is expected to exhibit significant growth of the utility boiler market during the forecast period. It is likely to occur due to rising investment in the development of infrastructure in several countries, namely Malaysia, Bangladesh, Vietnam, and Indonesia. It further resulted in the ever-increasing demand for electricity. Furthermore, due to the expansion of small scale manufacturing hubs and industries as well as the rising population, the demand for electricity is growing rapidly. All these factors will propel the utility boiler market growth in this region.

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In the Middle East and Africa, rising economic development combined with a rise in the government initiatives to create robust industrial output will aid in increasing the demand for the expansion of power generation projects. In Europe, on the other hand, strict emission rules will lead to the up-gradation of traditional equipment in old power plants to control carbon emission. Also, the region is showcasing fast economic growth, which in turn, is supporting the investment of huge sums in advanced electricity generation projects. North America will exhibit notable growth of the market due to a rise in industrial activities to boost production. Increasing the adoption of novel low carbon emission technology for energy generation will also contribute to the growth of the market in this region.

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Major Table of Content For Utility Boiler Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Utility Boiler Market Analysis, Insights and Forecast, 2026
  6. North America Utility Boiler Market Analysis, Insights and Forecast, 2026
  7. Europe Utility Boiler Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Utility Boiler Market Analysis, Insights and Forecast, 2026
  9. The Middle East and Africa Utility Boiler Market Analysis, Insights and Forecast, 2026
  10. Latin America Utility Boiler Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

 

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