GlobalData has released an update of its report on power boilers.

“Power Boilers, 2013 Update: Global Market Size, Average Pricing, Equipment Market Share and Competitive Landscape Analysis to 2020” estimates that the global power boilers market was worth an estimated $17.35 billion in 2013. The report predicts that dependence on coal-fired power generation, owing to growing electricity demand, will drive power boiler installations globally. Power boilers, a key piece of equipment in fossil-fuel-fired thermal power plants, are used to heat the feed water and convert it to steam. The predicted surge in demand and the dominance of coal in electricity generation, until an efficient and economical method for replacing coal is found, means more demand for power boilers. Global power boiler installation is estimated at 9,072 units accounting for 845 GW capacity between 2012 and 2020.

The report provides in-depth analysis of the power boilers market in the United States, Germany, Russia, China, India, Indonesia, Saudi Arabia and South Africa, as well as a global analysis. It covers average volume, average price and market value for the 2006 to 2020 period. It also discusses the market shares of leading players in 2012 and covers major regulations impacting the market. The report also discusses key drivers and restraints impacting the global power boilers market.