Power Plant Boiler Market by Type, by Technology, by Fuel Type, & Region - Global Trends & Forecast to 2021
The report "Power Plant Boiler Market, by Type (Pulverized Fuel, Circulation Fluidized Bed, Others), by Technology (Subcritical, Supercritical, Ultra-supercritical), by Fuel Type (Coal, Gas, Oil, and Others), & Region - Global Trends & Forecast to 2021". Rapid growth of industrialization in countries such as China, India, Vietnam, and Brazil among others is expected to demand a huge amount of electricity. To meet this growing demand of electricity, governments are spending heavily in the development of new power plants and upgradation of existing power plants. The development and upgradation of new and existing power plant prove to be a potential market for utility boiler manufacturers. In developed countries such as U.S, U.K. and Germany, government is promoting and constructing power plants using cleaner energy such as biomass, biogas, waste-to-energy which will drive the advance utility boiler market.The power plant boiler market is projected to reach USD 24.40 Billion by 2021. The market size was valued at USD 19.16 Billion in 2015, and is expected to grow at a CAGR of 4.1% during the forecast period
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