LUTON, Bedfordshire, UK, Feb. 25, 2023 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and advisory arm of Ameliorate Digital Consultancy Private Limited, has completed and released the final copy of the in-depth research report on the Power Plant Boiler market.

The globe Power plant boiler market The size was estimated at US$21.69 billion in 2020 and is projected to reach US$27.26 billion by 2028, growing at a CAGR of 2.9% from 2021 to 2028. Power plant boiler market refers to the global market for boilers used in power plants. Boilers are critical components of power plants as they are responsible for converting water into steam, which in turn drives turbines to produce electricity.

The power plant boiler market is driven by the increasing demand for electricity, especially in emerging markets. Population growth, urbanization and industrialization are driving demand for electricity, which in turn is fueling demand for power plant boilers. Additionally, the increasing adoption of renewable energy sources such as wind and solar is driving the demand for flexible and efficient power plant boilers that can support the integration of intermittent renewable sources.

Industry Developments:

• In November 2021, B&W announced that its renewable segment has won a $58 million contract. The order includes the design and delivery of a waste incineration boiler and other equipment for a waste incineration power plant in Europe.
• In October 2020, Doosan Heavy Industries & Construction announced that it has won a 901.8 billion won contract with a VAPCO to build the VungAng 2 coal-fired power plant. The contract was signed from 2021 to 2025 and the company will build and install boilers and BOP equipment for the plant.

Request a free sample copy of the report:

https://exactitudeconsultancy.com/reports/2494/power-plant-boiler-market/#request-a-sample

Driving and restraining factors