The thermal power is one of the extremely polluting nonetheless prominent sources of electricity production worldwide. Most of the developing and developed countries are heavily dependent on the thermal power for overcoming their electricity requirements. Increase in the need for energy across the globe and rise in environmental pollution have increasingly prompted several countries to commercially implement carbon capture and storage (CCS), combined heat and power (CHP), and integrated gasification combined cycle (IGCC) technologies for producing power without generating harmful gaseous emissions. Boiler, turbine, and generators (BTGs) work in combination with thermal power plants for generating electricity. These tools require fossil fuels such as gas, coal, or oil for power generation.
MARKET DYNAMICS
The key driver that is propelling the growth of boiler turbine generator (BTG) market is the growing industrialization, which in turn leading to high demand for boiler, turbine and generator (BTG) equipment applications in the industries like power & energy. Further, rising dependency on thermal power is another factor contributing for the growth of the boiler turbine generator (BTG) market. In addition, growing economies such as China and India are expected to fuel demand for these equipment owing to growing population and investments in energy generation, further, which is anticipated to cater significant growth opportunities for the boiler turbine generator (BTG) market.
MARKET SCOPE
The "Global Boiler Turbine Generator (BTG) Market Analysis to 2028" is a specialized and in-depth study of the Boiler turbine generator (BTG) industry with a special focus on the global market trend analysis. The report aims to provide an overview of boiler turbine generator (BTG) market with detailed market segmentation by equipment, fuel type, and geography. The global boiler turbine generator (BTG) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading boiler turbine generator (BTG) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global boiler turbine generator (BTG) market is segmented on the basis of equipment and fuel type. Based on equipment, the boiler turbine generator (BTG) market is divided into power boilers, gas turbines, turbo generators, steam turbines, and others. Based on fuel type, the boiler turbine generator (BTG) market is segmented as gas, coal, and oil.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global boiler turbine generator (BTG) market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The boiler turbine generator (BTG) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting boiler turbine generator (BTG) market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the boiler turbine generator (BTG) market for each region.
MARKET PLAYERS
The reports cover key developments in the boiler turbine generator (BTG) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from boiler turbine generator (BTG) market are anticipated to lucrative growth opportunities in the future with the rising demand for boiler turbine generator (BTG) in the global market. Below mentioned is the list of few companies engaged in the boiler turbine generator (BTG) market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- ABB Ltd.
- Atlas Copco AB
- Caterpillar
- Dongfang Electric Corporation
- ENERCON GmbH
- General Electric
- Kirloskar Brothers Limited
- Mitsubishi Heavy Industries Limited
- Robert Bosch GmbH
- Siemens AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.