Global Power Boiler Market 2017-2021

Overview of the global power boiler market

Technavio's market research analysts predict that the global power boiler market will register a revenue of almost USD 26 billion by 2021. The developments in steam technology and material science has resulted in the production of innovative boilers with good performance, efficiency, and flexibility. Manufacturers market are concentrating on R&D activities to offer superior-quality and technically improved boilers with additional control features. According to our power boiler market report, there is a demand for CFB boilers is growing due to the need for power and stricter emission norms. CFB boilers are largely flexible in terms of fuel sources and work at low temperatures thus reducing harmful emissions such as sulfur dioxide (SO2), carbon dioxide (CO2) and nitrogen dioxide (NO2). With the introduction of better and new boiler technologies, the demand for power boilers will consequently increase during the next few years. According to our research and analysis, advancements in boiler technology will be one of the major factors that will have a positive impact on the growth of the power boiler market.