Steam Boiler For Thermal Power Plant And Oil Refinery Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00126726
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:6.45
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 6.45
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Steam Boiler for Thermal Power Plant and Oil Refinery Market Analysis By Application (Thermal Power Plants, Oil Refineries, Others), By Type (Fire Tube Boilers, Water Tube Boilers, Others), and By Region Forecast to 2032:

The Steam Boiler for Thermal Power Plant and Oil Refinery Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for electricity, the growth of oil refining activities, and the need for efficient energy conversion in various industries. Steam boilers are essential components for thermal power generation and industrial processes.

Steam Boiler for Thermal Power Plant and Oil Refinery Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Steam Boiler for Thermal Power Plant and Oil Refinery Market is the increasing demand for electricity. As the global population continues to grow, the need for reliable and efficient power generation also rises. Thermal power plants play a crucial role in meeting this demand by converting thermal energy into electrical energy using steam boilers.

Furthermore, the expansion of oil refining activities, driven by the growing demand for petroleum products, contributes to market growth. Steam boilers are essential in oil refineries for various processes, including distillation, cracking, and heating. The development of new refineries and the modernization of existing ones further boost the demand for steam boilers.

Trends:

An emerging trend shaping the Steam Boiler for Thermal Power Plant and Oil Refinery Market is the adoption of advanced boiler technologies. Manufacturers are focusing on innovations in boiler design, materials, and combustion systems to enhance efficiency and reduce emissions. High-efficiency boilers and low-emission technologies align with global environmental goals and regulatory requirements.

Additionally, the integration of digital monitoring and control systems into steam boilers is positively impacting market growth. These systems provide real-time data and insights, enabling operators to optimize boiler performance, minimize downtime, and enhance safety.

Restraints:

One of the key challenges hindering the growth of the Steam Boiler for Thermal Power Plant and Oil Refinery Market is the high initial capital investment required for boiler installation and infrastructure. The cost of designing, procuring, and installing a steam boiler system can be substantial, which may deter some potential customers.

Moreover, concerns related to environmental emissions and sustainability are potential restraints for the market. Efforts to reduce greenhouse gas emissions and promote cleaner energy sources may impact the long-term prospects of traditional steam boilers, necessitating a transition to alternative technologies.

Steam Boiler for Thermal Power Plant and Oil Refinery Market Segmentation By Application:

  • Thermal Power Plants play a pivotal role in the market, where steam boilers are essential for power generation through the Rankine cycle. These boilers convert thermal energy from fossil fuels or nuclear sources into electricity.
  • Oil Refineries rely on steam boilers for various processes, including crude oil distillation, fluid catalytic cracking, and hydrogen production. Steam is used for heating, distillation, and as a source of power in oil refining facilities.

Steam Boiler for Thermal Power Plant and Oil Refinery Market Segmentation By Type:

  • Fire Tube Boilers are characterized by their simple design, with the hot gases passing through tubes and the water surrounding them. They are commonly used in smaller applications.
  • Water Tube Boilers feature a more complex design with water-filled tubes and hot gases passing around them. They are suitable for high-pressure and high-capacity applications.

Regional Overview:


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  • North America is poised to be a key contributor to the global Steam Boiler for Thermal Power Plant and Oil Refinery Market, driven by a well-established power generation sector and the presence of numerous oil refineries. The region's focus on energy efficiency and emissions reduction further promotes the adoption of advanced steam boiler technologies.
  • Asia-Pacific, with its rapidly growing industrial and power generation sectors, is a significant market for steam boilers. Increasing urbanization and industrialization in countries like China and India drive the demand for electricity and oil products, stimulating the need for steam boilers.

Steam Boiler for Thermal Power Plant and Oil Refinery Market Customer Landscape:

The Steam Boiler for Thermal Power Plant and Oil Refinery Market report covers a diverse customer landscape, including power utilities, oil refining companies, industrial manufacturers, and engineering firms. Understanding the specific requirements and operational needs of these customers is essential for steam boiler manufacturers to provide tailored solutions.

Major Steam Boiler for Thermal Power Plant and Oil Refinery Market Companies:

Companies in the steam boiler market are at the forefront of research, development, and production of steam boiler technology. They play a crucial role in driving innovation and expanding the market.

Example companies include:

  1. SteamGen Power Solutions: SteamGen specializes in steam boiler solutions for thermal power plants, offering high-efficiency boilers and integrated control systems.
  2. Refinex Technologies: Refinex provides steam boiler systems tailored for oil refineries, focusing on reliability, safety, and emissions control.
  3. GreenTech Boilers: GreenTech is known for its eco-friendly steam boiler solutions, emphasizing low emissions and high efficiency.

The competitive landscape analysis in the report provides insights into key market players, including:

  • SteamMaster Technologies
  • BoilerTech Innovations
  • PowerSteam Systems
  • EnergyMax Boilers
  • EcoSteam Solutions
  • CleanBurn Boilers
  • PowerHeat Systems
  • FuelFlex Steam Boilers
  • PetroSteam Technologies
  • EnviroHeat Boilers

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their specialization, market share, and technological capabilities.

Segment Overview:

The Steam Boiler for Thermal Power Plant and Oil Refinery Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Thermal Power Plants
    • Oil Refineries
    • Others
  • Type Outlook (USD Million, 2019 - 2032):
    • Fire Tube Boilers
    • Water Tube Boilers
    • Others
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Steam boiler market for thermal power plant and oil refinery MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Steam boiler market for thermal power plant and oil refinery MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Steam boiler market for thermal power plant and oil refinery Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Steam boiler market for thermal power plant and oil refinery Of Suppliers

    4.5.2. Steam boiler market for thermal power plant and oil refinery Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Steam boiler market for thermal power plant and oil refinery MARKET BY type landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Water Tube Boiler

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Fire Tube Boiler

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Steam boiler market for thermal power plant and oil refinery MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 End user 1

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 End user 2

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 End user 3

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Steam boiler market for thermal power plant and oil refinery MARKET REGIONAL OUTLOOK

7.1. Steam boiler market for thermal power plant and oil refinery Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027 (USD Million)

    7.2.2. North America Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Steam boiler market for thermal power plant and oil refinery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Alfa Laval AB

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Victory Energy Operations LLC

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Babcock Wanson Ltd

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Forbes Martshall Pvt. Ltd

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Viessmann Manufacturing Company

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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