Steam Boiler System: An Emerging and Innovative Market
Steam boiler system is defined as the method in which the water is converted into steam over a boiler at an appropriate pressure. These boiler systems are installed in various industries such as power plants, refineries and others. Steam boilers can be used as a generator for the production of electricity.
Rising dependency on factors
Increasing demand for energy competence equipment to adjust the steam pressure, rising demand from power generation industry, and growth in demand for boiler adaptation to adjust the air and fuel ratio are some major factors driving the steam boiler system market.
Additionally, increasing funding for implementation of digital technologies used in power plants, emphasis on energy saving control systems for the reduction in carbon emissions, and growth in execution of industrial internet of things in real time decision making are expected to positively influence the global steam boiler system market
Growth in generation capacity is projected to be accomplished mainly through fossil-fuel centred thermal power plants, which assist as a prime source intended for generation of electricity.
In the Asian region, Chinese and Indian markets are estimated to be amongst the fastest economies throughout the forecast period. Additionally, these economies are projected to account for approximately 70% of all the planned thermal power capacity accumulation during the same period, which helps in increasing the electricity tariff to extent economies of scale.
The surging prices of energy have given rise to increasing demand for steam boiler system. Adding to this, in March 2018, Thermax was given a contract through a public sector fertilizer company to established three natural gas based EPC co-generation plants (each of 20 MW capacity) at its accommodations in Haryana and Punjab.
Compact designed steam boilers well suited for market
Utility space is one of the major concern in the case of plant installations and standing plant expansions. In process industries the components such as economizer, air preheater, boiler and super-heater are probably to have a compact design for optimal space consumption. Adding to this, with capacity installations the current floor space turn out to be inadequate for utility machines. Therefore the demand for confirming space utilization has added to increase in demand of steam boilers that are fuel-efficient and have compact design.
What the manufacturers are up to?
The boiler manufacturing companies are focusing on encouraging steam boilers that can be customized for various process supplies in number of industries such as oil & gas, power generation, process industries, and chemical. For instance, In December 2017, Cleaver-Brooks announced for its new water-tube boilers, CBCW. The CBCW designed water-tube boilers are appropriate for healthcare, institutional, food and beverage, ethanol and bio-diesel, pharmaceutical, pulp and paper, and various manufacturing and heavy industry applications.
Owing to high degree of competition in steam boiler system market, players are merely focusing on making their supply chain more responsive to achieve a competitive edge. Companies are also investing huge amount on understanding the growing demands and preferences of consumers and varying their product development and advertising strategies accordingly.
Some of the key players in steam boiler system market are Siemens (Germany), Cleaver Brooks (US), ABB (Switzerland), Yokogawa (Japan), Emerson (US), Schneider (France), Honeywell (US), MicromodmAutomation (US), Bosch (Germany), and Spirax Sarco (US). For instance, in Februry 2017, Bosh launched its innovative double flame boilerhaving a height of six meter. The boiler has a production of about 55,000 kg of steam/hour and weight approximate to 120 tons.