(PRWEB) July 13, 2014
Advanced boilers are preferred over conventional boilers because they use the least amount of fossil fuels, produce high-capacity power, emit fewer pollutants, and provide cheaper electricity. Due to increased global warming and climate change concerns, many countries have implemented strict government policies to reduce harmful gas emissions and pollutants coming from fossilfuel-based power plants.North America had the second-largest market in the global advance boilers market.
The global power rental market is witnessing high growth on account of an increase in the demand for developing economies, lack of grid stability and support, and the tendency to rent instead of buy.The market in North America is mature and stable and the customers are aware of the benefits of quality generators. In such market dynamics, a broad product range is required to fulfill the demand of end-users.
North America held the second-largest advanced boilers market share of 26% in 2013.North America is expected to grow at a low rate of 1% and reach $518.7billion by 2019 from an estimated $504.9billion in 2014. North America’s coal-fired power generation market has reached the maturity stage;thus, this region’s market share is expected to grow at a very lower pace.
Browse through the market data tables, figures and detailed ToC on the “North America Advanced Boilers Market”.
South America Advanced Boilers Market
The South American advanced boilers markets is in the development stage, as this regions are entering into fossil-fuel-fired power plant applications recently, to meet their local power demands. This region mainly uses subcritical boiler technology, and is expected to install boilers that are more supercritical in the future. In 2013, South America had about 3% of the market share.The South America is expected to grow at a rate of 9% and reach $71.5billion by 2019, from an estimated $47.3billion in 2014.
North America Power Rental Market
The growth of a nation is estimated by the amount of energy consumed by its industries and people. North America has a number of global companies which are diversifying their operations into developing regions like Asia-Pacific and the Middle East, due to a strong growth rate and increased development activities that are taking place in these regions. The North America is expected to grow at a moderate rate of 4.7% and reach $255.3million by 2019 from an estimated $217.2 million in 2014.
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