The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Pulverized fuel boiler market share. The most prevalent coal-fired power generation system is a pulverised fuel boiler. The fastest-growing source of energy demand is electricity. Developed countries’ energy consumption continues to rise, boosting demand in developing countries. The demand for energy is being pushed up by rise in incomes, greater industrial output, and developments in the services sector. The cost of a Pulverized Fuel Boiler varies significantly due to design factors and differing degrees of after-sales service. Operating pressure, operating temperature, kind of firing, and desired efficiency are all aspects to consider. The requirement for high pressure and temperature raises the boiler’s cost. Boilers are critical components of power plants. Many Pulverized Fuel Boiler manufacturers see the replacement and upgrade of outdated equipment as a lucrative opportunity.
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- The acquisition of Amec Foster Wheeler by Wood Group, located in Scotland, has resulted in the formation of a new worldwide consulting engineering firm. This acquisition establishes a global leader in project, engineering, and technical services for the energy and industrial markets.
- Doosan Infracore is acquired by Hyundai Heavy Industries Holdings. By substantially investing in future technologies such as electric excavators and unmanned and automation machines, HHI Group intends to make the two enterprises top-tier players in the global construction market.
Key Market Players
- GE Alstom, Babcock& Wilcox Co.
- AMEC Foster Wheeler
- Dongfang Electric Corporation Ltd.
- Mitsubishi Hitachi Power Sytems Ltd
- IHI Corporation
- Harbin Electric Company
- Doosan Heavy Industries & Construction
- Bharat Heavy Electricals Ltd
- Ansaldo S.P.A
- Siemens AG, Thermax Ltd.
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Key Benefits of the Report
- This study presents the analytical depiction of the Pulverized fuel boiler industry along with the current trends and future estimations to determine the imminent investment pockets.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the pulverized fuel boiler market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Pulverized fuel boiler market analysis based on competitive intensity and how the competition will take shape in coming years
COVID-19 Impact analysis
- COVID-19 has currently hindered the growth of the power industry. This is partly due to the fact that an increasing number of countries are implementing statewide curfews to prevent the sickness from spreading further. This slowdown is mostly due to economic downturns, which have resulted in lower demand for pulverised fuel boilers from a variety of end-user sectors.
- Due to the global shutdown and challenges along the supply chain, the spread of COVID-19 is anticipated to have a negative impact on pulverised fuel boiler manufacturers. The cost of obtaining raw materials is also projected to rise as a result of the supply shortfall, which is expected to cause order closures to be delayed.
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