Global Utility Boiler Market to reach USD XX billion by 2027.Global Utility Boiler Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. The utility boilers are large potential steam turbines used basically for the manufacturing of energy. Increasing funding in energy technology capacity from the advanced and emerging nations to fulfill non-stop electricity demand from the commercial and residential sectors. Positive outlook toward energy intensive industries and replacement of conventional boilers are the factors which are driving the growth of Utility Boiler market. Furthermore, growing investment for the expansion of power generation capacity to meet industrial and residential demand for power will be anticipating the growth of market in forecasted period. For instance: According to IEA, the the 36.7% of worldwide electricity production is from low carbon sources in 2019. More than 33% of overall electricity production sources, the remaining 66% come from fossil fuels - mostly coal and gas. Due to this the utility boiler will play vital role in minimizing the carbon footprints. However, requirements of large initial investments may impede market growth over the forecast period of 2021-2027.

Global Utility Boiler market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-pacific is a significant region across the world in terms of market share due to rising electricity demand primarily across the region and easily availability of coal in the region. Whereas Europe is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing efforts toward energy conservation in the region.

Major market player included in this report are:
Victory Energy Operations
Babcock and Wilcox
Bharat Heavy Electricals Limited
IHI Corporation
CMI Group
AMEC Foster Wheeler
Doosan Heavy Industries
Mitsubishi Hitachi Power Systems
General Electric
Siemens, A C Boiler

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Capacity
30-100 MW
100-250 MW
250-500 MW
> 500 MW
By Technology
Subcritical
Supercritical
Ultra-Supercritical
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Utility Boiler Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors