Research and Markets: Global Power Boiler Market Report 2015-2019
October 20, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/mkn6j9/global_power) has announced the addition of the “Global Power Boiler Market 2015-2019” report to their offering.
The analysts forecast the global power boiler market to grow at a CAGR of 4.4% during the period 2014-2019.
The report, Global Power Boiler Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the market and its growth prospects in the coming years. It also discusses the segmentation of the global power boiler market based on fuel type (coal, gas, oil, and others) and geography (APAC, the Americas, and EMEA). In addition, the report includes a discussion of the key vendors operating in this market.
Growing concerns over environmental issues, such as carbon emissions, have forced governments worldwide to impose stringent regulations and policies on the emission of hazardous air pollutants from new and existing boilers. For instance, in 2014, the US EPA finalized MACT standards for existing and new boilers. Under these standards, existing boilers have to comply with the rules that limit emissions until January 31, 2016. These stringent norms will force industries to replace their existing boilers with new boilers that conform to the specified emission limits, which will boost the replacement market for boilers in the near future.
According to the report, growth of industrialization and rising standards of living have led to countries worldwide register a rising demand for energy. The increase in population is another major factor propelling the global demand for energy, which can be met with the help of power boilers. The dependency on coal-fired power generation, owing to their capability of providing uninterrupted power supply, will likely drive the power boiler market. Massive power generation capacity installations in APAC, designed to meet growing electricity demand, and the replacement of old and inefficient power boilers with new innovative boilers will drive the power boiler market during the forecast period.
Further, the report states that the prices of boiler components, such as boiler hardware, rotary valves, bend ducting, and boiler ID fans, are increasing because of the rising raw material prices.
Key vendors
– Alstom
– Amec Foster Wheeler
– Dongfang Electric
– Harbin Electric
– MHPS
Other prominent vendors
– Babcock and Wilcox
– BHEL
– Hangzhou Boiler Group
– Seimens
– Thermax
For more information visit http://www.researchandmarkets.com/research/mkn6j9/global_power
View source version on businesswire.com: http://www.businesswire.com/news/home/20151020005883/en/
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Sector: HVAC