Supercritical Boilers Market Growth And Forecast 2020

Transparency Market Research Report Added "Supercritical Boilers Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast 2014 - 2020" to its database.

The growing need to reduce carbon emissions as well as improve the operating efficiency of the power plant has led to the widespread adoption of supercritical boilers. This technology provides high steam temperature and improved pressure parameters to achieve the desired efficiency of the power plant. Low fuel consumption is a direct consequence of installing efficient systems such as supercritical boilers, which in turn leads to increased profitability margins and better utilization of resources. Despite of the environmental concerns the need for coal as a source of power generation is continuously increasing at a steady pace. The demand for high-efficiency pulverized coal supercritical boilers, which reduces carbon emissions, is increasing as a result of the environmental concerns. Current market conditions demand highly efficient systems which are designed for rapid response times. Supercritical boilers have the ability to respond and adjust to market conditions which makes these systems important. The rapid industrialization and government development programmes will accelerate the market growth of supercritical boilers in developing economies, in the future.

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Increasing environmental regulations and the need for efficient power generation systems are the primary drivers bolstering the market growth of supercritical boilers. The CDM (Clean Development Mechanism) benefits associated with the installation of these boilers are increasing investment in this market. The developed and developing economies are obligated to reduce carbon footprints; this drives power plant operators to invest in supercritical boilers. These boilers are highly efficient systems which increase the power generation capability of a power plant. Installation of these units improves the operating cycle efficiency of the power plant which leads to low fuel consumption. In developing economies large commercial power plants are being developed, which further enhances the requirement of upgraded systems such as supercritical boilers. The increased cost of installing the supercritical boilers and availability of more upgraded units such as ultra supercritical boilers may hamper the market growth of the market in the future.

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The market for supercritical boilers can be segmented on the basis of the evaporator system implemented in the system. High mass flux spiral wall, medium mass flux vertical wall and low mass flux vertical wall are the major broad categories. These evaporator systems are used based on the heating requirements of the power plant operator. The type of heating tube used in these evaporating systems also varies with the requirement of the end user.

The mature markets of North America and Europe have already installed supercritical boilers, thus the market growth in these regions is expected to grow at a sluggish pace in the future. However the aging plants in these regions will require constant upgradation and replacement in the coming years, this provides an opportunity for the further growth of supercritical boiler market. The Asia Pacific region and a few developing countries of the Middle East represent the largest growing market. Increasing industrialization and vigorous economic development are the major factors driving the market growth of supercritical boilers in these regions. Countries such as China, India and Japan have started installing supercritical boilers in all their high capacity power plants.

Some of the major market players competing in this Supercritical Boilers market are Alstom, Larsen & Toubro Power, Mitsubishi Heavy Industries, Thermax Babcock & Wilcox Energy Solutions Private Limited, Siemens and Cethar Limited.

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