Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Power Boilers, 2013 Update - Global Market Size, Average Pricing, Equipment Market Share and Competitive Landscape Analysis to 2020

Power boiler market driven by dependency on coal-fired power generation to total US$31Bn by 2020


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-02-10 05:28:01 - Power Boilers, 2013 Update - Global Market Size, Average Pricing, Equipment Market Share and Competitive Landscape Analysis to 2020 - a new market research report on companiesandmarkets.com

Rising dependency on coal-fired power generation, due to growing electricity demand, will drive the power boiler market, which is forecast to increase from $17.35 billion in 2013 to $30.62 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 6%.

China will demonstrate the largest need for power boilers during the forecast period, with its market value expected to grow from $10 billion in 2013 to $21.51 billion by 2020. Since the power boiler industry in North America and Europe is maturing, manufacturers are increasingly looking to the Asia-Pacific, Middle East and African regions to expand their businesse.

China´s rapid industrialization has created more space for electricity demand in the country, which has resulted in many new power plant developments. The

 

 

low cost of power boilers in China is another reason for the high sales across the country."

Besides increasing electricity demand and reliance upon thermal power generation, another market driver is the liberalization and privatization of the electricity industry.

Privatization is regarded by governments as a method for developing national infrastructure. Governments are also seeking strategic partnerships and investments from foreign Original Equipment Manufacturers (OEMs) in order to develop their domestic power markets.

However, increasing price competition could restrain future growth for the boiler industry.

In the utility sector, price is the major factor in the decision to award contracts for boiler installations. This is forcing manufacturers to compete based on price, which in turn has a negative effect on market growth and innovation.

Another major trend is the installation of multiple boilers, whereby utility companies install several smaller and more economical boiler units as opposed to fewer, larger and more powerful units. This subsequently forces large boiler manufacturers to sell at constant prices due to the level of competition.

Click for report details: www.companiesandmarkets.com/Market/Energy-and-Utilities/Market-R ..

Browse all Energy and Utilities Market Research Reports www.companiesandmarkets.com/Market/Energy-and-Utilities/Market-R ..

Browse all Energy and Utilities Company Profile Reports www.companiesandmarkets.com/Market/Energy-and-Utilities/Company- ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com