The global Power Boiler market is expected to register a CAGR of about 4%. Power Boiler is basically a closed vessel into which water is heated until the water is converted to steam. The steam produced by the power boiler, transferred through piping to number of applications. In developing countries, due to rapid industrialization & urbanization, demand for the power is increases considerably. To meet this demand, government is heavily investing in new power plants which will drive the Power Boiler market. In developed countries, government is constructing the power plants using cleaner energy such as biomass, biogas which is another driving factor for the Power Boiler market.
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The report for Global Power boiler Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market.
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The leading players in the Power boiler markets are Siemens AG, Babcock & Wilcox, Mitsubishi Hitachi Power System, AMEC Foster Wheeler, Thermax Ltd, Harbin Electric, Hangzhou Boiler Group, and Alstom.
Regional Analysis of Power boilers
Asia-Pacific region is a major contributor to the Power boiler market because rapid industrialization in countries like China, India increases the demand for Power boiler. It is expected to grow at high rate and retain its majority by 2022. North America & Europe Power Boiler market is expected to grow at a decent rate. They are upgrading their existing power plants and setting up new cleaner fuel burning power plants to get more efficiency.
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