Artificial Intelligence
Global Power Plant Boilers Market to Reach $32 Billion by 2030
<!– Name:DistributionId Value:8782182 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:5557 –> <!– Name:CustomerId Value:1199811 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:3aa32f8d-32ae-40ed-a8cd-fd59c8123fbb –>
New York, March 06, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Power Plant Boilers Industry” – https://www.reportlinker.com/p06346525/?utm_source=GNW
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Power Plant Boilers Market to Reach $32 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Power Plant Boilers estimated at US$19 Billion in the year 2022, is projected to reach a revised size of US$32 Billion by 2030, growing at aCAGR of 6.7% over the period 2022-2030. Pulverized Coal Towers, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$20.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Circulating Fluidized Bed Boilers segment is readjusted to a revised 5.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 10.9% CAGR
The Power Plant Boilers market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
Select Competitors (Total 44 Featured)
– ANDRITZ AG
– Bharat Heavy Electricals Limited
– Bosch Industriekessel GmbH
– Cannon Far East
– China Western Power Industrial Co., Ltd.
– Cleaver-Brooks, Inc.
– Danstoker A/S
– Doosan Heavy Industries & Construction Co. Ltd.
– Doosan Lentjes GmbH
– GE Power
– Hangzhou Boiler Group Co., Ltd.
– Harbin Boiler Company Limited
– IHI Corporation
– John Wood Group PLC
– Mitsubishi Hitachi Power Systems, Ltd.
– Miura Co., Ltd.
– Outotec Oyj
– Shanghai SMEC Enterprise Co., Ltd.
– Sichuan Dongfang Boiler Group Co., Ltd.
– Siemens AG
– Sumitomo SHI FW
– Takuma Co., Ltd.
– Thermax Limited
– Valmet Oyj
– Wuhan Boiler Co., Ltd.
Read the full report: https://www.reportlinker.com/p06346525/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Power Boilers: Steam Generation Systems for Power Generation at
the Utility Level
Recent Market Activity
Growing Number of Thermal Power Plants with Enhanced
Operational Efficiencies and Reduced Emissions: The
Fundamental Growth Driver
Clean Coal Power Technologies to Drive Global Thermal Power
Generation Sector
Rising Investments in Clean Technology-Based Coal Power Capacities
Need for Attaining Energy Security, Stability, and Independence
while Minimizing Carbon Footprint Drive Adoption
Cleaner Coal Technologies: Need of the Hour in the United States
Market Fortunes Intrinsically Tied to Trends in the Global
Energy Sector
Global Energy Trends Summarized
Slower Growth
New Technologies and Fuels to Provide Competitive Advantage
Policies Encourage Clean Energy
Changing Global Power Sector Landscape
Power Sector Innovations: Both Supportive and Disruptive
Cyber Security Become Critical
Global Market Outlook
Improving Economy Signals Market Growth Opportunities
China: Growth Engine for the Global Power Boilers Market
Coal Power Continues to Dominate Chinese Power Generation
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Power Boilers – Global Key Competitors Percentage Market Share
in 2022 (E)
2. FOCUS ON SELECT PLAYERS
AC Boilers S.p.A. (Italy)
ANDRITZ AG (Austria)
ANDRITZ Energy & Environment GmbH (Austria)
Babcock & Wilcox Enterprises, Inc. (USA)
Bosch Industriekessel GmbH (Germany)
Bharat Heavy Electricals Limited (India)
Cannon Far East (China)
China Western Power Industrial Co., Ltd. (China)
Cleaver-Brooks, Inc. (USA)
Doosan Heavy Industries & Construction Co. Ltd., (South Korea)
Doosan Lentjes GmbH (Germany)
GE Power (USA)
Wuhan Boiler Co., Ltd. (China)
Hangzhou Boiler Group Co., Ltd. (China)
Harbin Electric Corporation Co., Ltd (China)
Harbin Boiler Company Limited (China)
IHI Corporation (Japan)
John Wood Group PLC (UK)
Kawasaki Heavy Industries, Ltd. (Japan)
Larsen & Toubro Limited (India)
LOINTEK (Spain)
Mitsubishi Hitachi Power Systems, Ltd. (MHPS) (Japan)
Miura Co., Ltd. (Japan)
Outotec Oyj (Finland)
Shanghai SMEC Enterprise Co., Ltd. (China)
Sichuan Dongfang Boiler Group Co., Ltd. (China)
Siemens AG (Germany)
Sumitomo SHI FW (Japan)
Taishan Group Tai’an Boao International Trade Co., Ltd. (China)
Takuma Co., Ltd. (Japan)
Thermax Limited (India)
Danstoker A/S (Denmark)
Valmet Oyj (Finland)
3. MARKET TRENDS & DRIVERS
Steady Proliferation of Smart Power Boilers Featuring NOx
Reduction, Fuel Flexibility, and Improved Operational
Efficiency Drives Market Growth
Power Generation Facilities of the Future to be ’Connected’ for
Greater Operational Efficiencies
Boiler Optimization: Enhancing Operating Efficiency during
Power Generation
Market Maturity Encourages Vendors to Focus on Integrated
Optimization Offerings
Hybrid Optimization Technologies: A Potential Game Changer
Snapshot of Select Advanced Technologies Used for Boiler
Optimization
Novel Smart Technology to Monitor Boiler Water Level
The Urgent Need for Retrofitting to Make Legacy Boilers Future-
Ready Drives Market Demand for New-Age Boiler Systems and
Solutions
Fully Metered System or Parallel Positioning
VFDS & O2 TRIM
Tradeoffs
Low NOx Burners
Liquid Wood
Surging Energy Consumption and the Resulting Rise in Power
Generation Provides the Perfect Platform for Market Growth
Boiler Demand Benefits from Continued Dominance of Coal-Fired
Power Generation despite Rising Interest in Renewable Sources
Declining Production Cost of Coal-Fired Power Generation Bodes
Well for the Market
Despite Coal-Fired Thermal Power Dominance,Several Issues
Hamper Market Prospects for Boilers
Inherent Benefits of High Efficiency, Low Costs, and Lower
Carbon Footprint Drive Demand for Circulating Fluidized Bed
Boilers
Benefits of CFB Boiler Technology
Utilities Embrace CFB Technology for Fuel Flexibility
Transition towards Flexible Solid Fuels
Advantages of CFB over PC Boilers
CFB Technology’s Place in the Global Renewables Landscape
CFB Option Provides Optimal Value
Asia-Pacific: The CFB Boiler Market with the Highest Growth
Potential
Need to Enhance Efficiency Levels of Thermal Power Plants Drive
Demand for Waste Heat Boilers
Ongoing Shift to Renewable Energy Sources Rubs Off Sheen of
Fossil Fuel Power
Technology Innovations and Advancements: Spearheading Growth
Artificial Intelligence (AI) for Testing Coal Plant Boiler
Combustion
Drones for Safer Visual Assessment of Boilers
New Advanced Green Boiler Technology by PARAT Halvorsen
ABB Ability: Enabling Utilities to Monitor Power Plants Remotely
Sophisticated HRSG and Boiler Designs
Advanced PFBC (A-PFBC)
Integrated Coal Gasification Combined Cycle (IGCC)
Supercritical Technology
Aging Power Boiler Units Provide Revenue-Generation
Opportunities for MRO Service Providers
Growing Demand for Biomass as an Energy Source in Utility Boilers
The Important Role of Energy Conservation in Boilers
Feed Water Preheating using Economizer
Stack Temperature
Combustion Air Preheat
Incomplete Combustion
Excess Air Control
Automatic Blowdown Control
Heat Loss Due to Convection and Radiation
Lowering of Soot Losses and Scaling
Proper Boiler Scheduling
Impact of Boiler Loading on Efficiency
Variable Speed Control
Lowering Boiler Steam Pressure
Boiler Replacement
Developing Economies to Drive Current and Future Market Growth
Liberalization and Privatization in Developing Countries Offer
Significant Growth Opportunities
Exponential Increase in Global Population & Urbanization Rate:
A Mega Trend Benefiting Market Prospects
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Power Plant Boilers Market Analysis of Annual
Sales in US$ Million for Years 2014 through 2030
Table 2: World Recent Past, Current & Future Analysis for Power
Plant Boilers by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2022 through 2030 and % CAGR
Table 3: World Historic Review for Power Plant Boilers by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 4: World 16-Year Perspective for Power Plant Boilers by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2014, 2023 & 2030
Table 5: World Recent Past, Current & Future Analysis for
Pulverized Coal Towers by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2022 through 2030 and % CAGR
Table 6: World Historic Review for Pulverized Coal Towers by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 7: World 16-Year Perspective for Pulverized Coal Towers
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 8: World Recent Past, Current & Future Analysis for
Circulating Fluidized Bed Boilers by Geographic Region – USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 9: World Historic Review for Circulating Fluidized Bed
Boilers by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR
Table 10: World 16-Year Perspective for Circulating Fluidized
Bed Boilers by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa for Years
2014, 2023 & 2030
Table 11: World Recent Past, Current & Future Analysis for
Other Boiler Types by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 12: World Historic Review for Other Boiler Types by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 13: World 16-Year Perspective for Other Boiler Types by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 14: World Recent Past, Current & Future Analysis for Coal
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 15: World Historic Review for Coal by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 16: World 16-Year Perspective for Coal by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2014, 2023 & 2030
Table 17: World Recent Past, Current & Future Analysis for Gas
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 18: World Historic Review for Gas by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 19: World 16-Year Perspective for Gas by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2014, 2023 & 2030
Table 20: World Recent Past, Current & Future Analysis for Oil
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 21: World Historic Review for Oil by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 22: World 16-Year Perspective for Oil by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2014, 2023 & 2030
Table 23: World Recent Past, Current & Future Analysis for
Other Fuel Types by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 24: World Historic Review for Other Fuel Types by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 25: World 16-Year Perspective for Other Fuel Types by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
Power Plant Boilers Market Presence – Strong/Active/Niche/
Trivial – Key Competitors in the United States for 2023 (E)
Table 26: USA Recent Past, Current & Future Analysis for Power
Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 27: USA Historic Review for Power Plant Boilers by Boiler
Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 28: USA 16-Year Perspective for Power Plant Boilers by
Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 29: USA Recent Past, Current & Future Analysis for Power
Plant Boilers by Fuel Type – Coal, Gas, Oil and Other Fuel
Types – Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR
Table 30: USA Historic Review for Power Plant Boilers by Fuel
Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 31: USA 16-Year Perspective for Power Plant Boilers by
Fuel Type – Percentage Breakdown of Value Sales for Coal, Gas,
Oil and Other Fuel Types for the Years 2014, 2023 & 2030
CANADA
Table 32: Canada Recent Past, Current & Future Analysis for
Power Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 33: Canada Historic Review for Power Plant Boilers by
Boiler Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 34: Canada 16-Year Perspective for Power Plant Boilers by
Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 35: Canada Recent Past, Current & Future Analysis for
Power Plant Boilers by Fuel Type – Coal, Gas, Oil and Other
Fuel Types – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 36: Canada Historic Review for Power Plant Boilers by
Fuel Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 37: Canada 16-Year Perspective for Power Plant Boilers by
Fuel Type – Percentage Breakdown of Value Sales for Coal, Gas,
Oil and Other Fuel Types for the Years 2014, 2023 & 2030
JAPAN
Power Plant Boilers Market Presence – Strong/Active/Niche/
Trivial – Key Competitors in Japan for 2023 (E)
Table 38: Japan Recent Past, Current & Future Analysis for
Power Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 39: Japan Historic Review for Power Plant Boilers by
Boiler Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 40: Japan 16-Year Perspective for Power Plant Boilers by
Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 41: Japan Recent Past, Current & Future Analysis for
Power Plant Boilers by Fuel Type – Coal, Gas, Oil and Other
Fuel Types – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 42: Japan Historic Review for Power Plant Boilers by Fuel
Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 43: Japan 16-Year Perspective for Power Plant Boilers by
Fuel Type – Percentage Breakdown of Value Sales for Coal, Gas,
Oil and Other Fuel Types for the Years 2014, 2023 & 2030
CHINA
Power Plant Boilers Market Presence – Strong/Active/Niche/
Trivial – Key Competitors in China for 2023 (E)
Table 44: China Recent Past, Current & Future Analysis for
Power Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 45: China Historic Review for Power Plant Boilers by
Boiler Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 46: China 16-Year Perspective for Power Plant Boilers by
Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 47: China Recent Past, Current & Future Analysis for
Power Plant Boilers by Fuel Type – Coal, Gas, Oil and Other
Fuel Types – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 48: China Historic Review for Power Plant Boilers by Fuel
Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 49: China 16-Year Perspective for Power Plant Boilers by
Fuel Type – Percentage Breakdown of Value Sales for Coal, Gas,
Oil and Other Fuel Types for the Years 2014, 2023 & 2030
EUROPE
Power Plant Boilers Market Presence – Strong/Active/Niche/
Trivial – Key Competitors in Europe for 2023 (E)
Table 50: Europe Recent Past, Current & Future Analysis for
Power Plant Boilers by Geographic Region – France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 51: Europe Historic Review for Power Plant Boilers by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 52: Europe 16-Year Perspective for Power Plant Boilers by
Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2014, 2023 & 2030
Table 53: Europe Recent Past, Current & Future Analysis for
Power Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 54: Europe Historic Review for Power Plant Boilers by
Boiler Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 55: Europe 16-Year Perspective for Power Plant Boilers by
Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 56: Europe Recent Past, Current & Future Analysis for
Power Plant Boilers by Fuel Type – Coal, Gas, Oil and Other
Fuel Types – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 57: Europe Historic Review for Power Plant Boilers by
Fuel Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 58: Europe 16-Year Perspective for Power Plant Boilers by
Fuel Type – Percentage Breakdown of Value Sales for Coal, Gas,
Oil and Other Fuel Types for the Years 2014, 2023 & 2030
FRANCE
Power Plant Boilers Market Presence – Strong/Active/Niche/
Trivial – Key Competitors in France for 2023 (E)
Table 59: France Recent Past, Current & Future Analysis for
Power Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 60: France Historic Review for Power Plant Boilers by
Boiler Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 61: France 16-Year Perspective for Power Plant Boilers by
Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 62: France Recent Past, Current & Future Analysis for
Power Plant Boilers by Fuel Type – Coal, Gas, Oil and Other
Fuel Types – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 63: France Historic Review for Power Plant Boilers by
Fuel Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 64: France 16-Year Perspective for Power Plant Boilers by
Fuel Type – Percentage Breakdown of Value Sales for Coal, Gas,
Oil and Other Fuel Types for the Years 2014, 2023 & 2030
GERMANY
Power Plant Boilers Market Presence – Strong/Active/Niche/
Trivial – Key Competitors in Germany for 2023 (E)
Table 65: Germany Recent Past, Current & Future Analysis for
Power Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 66: Germany Historic Review for Power Plant Boilers by
Boiler Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 67: Germany 16-Year Perspective for Power Plant Boilers
by Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 68: Germany Recent Past, Current & Future Analysis for
Power Plant Boilers by Fuel Type – Coal, Gas, Oil and Other
Fuel Types – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 69: Germany Historic Review for Power Plant Boilers by
Fuel Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 70: Germany 16-Year Perspective for Power Plant Boilers
by Fuel Type – Percentage Breakdown of Value Sales for Coal,
Gas, Oil and Other Fuel Types for the Years 2014, 2023 & 2030
ITALY
Table 71: Italy Recent Past, Current & Future Analysis for
Power Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 72: Italy Historic Review for Power Plant Boilers by
Boiler Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 73: Italy 16-Year Perspective for Power Plant Boilers by
Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 74: Italy Recent Past, Current & Future Analysis for
Power Plant Boilers by Fuel Type – Coal, Gas, Oil and Other
Fuel Types – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 75: Italy Historic Review for Power Plant Boilers by Fuel
Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 76: Italy 16-Year Perspective for Power Plant Boilers by
Fuel Type – Percentage Breakdown of Value Sales for Coal, Gas,
Oil and Other Fuel Types for the Years 2014, 2023 & 2030
UNITED KINGDOM
Power Plant Boilers Market Presence – Strong/Active/Niche/
Trivial – Key Competitors in the United Kingdom for 2023 (E)
Table 77: UK Recent Past, Current & Future Analysis for Power
Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 78: UK Historic Review for Power Plant Boilers by Boiler
Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 79: UK 16-Year Perspective for Power Plant Boilers by
Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 80: UK Recent Past, Current & Future Analysis for Power
Plant Boilers by Fuel Type – Coal, Gas, Oil and Other Fuel
Types – Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR
Table 81: UK Historic Review for Power Plant Boilers by Fuel
Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 82: UK 16-Year Perspective for Power Plant Boilers by
Fuel Type – Percentage Breakdown of Value Sales for Coal, Gas,
Oil and Other Fuel Types for the Years 2014, 2023 & 2030
SPAIN
Table 83: Spain Recent Past, Current & Future Analysis for
Power Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 84: Spain Historic Review for Power Plant Boilers by
Boiler Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 85: Spain 16-Year Perspective for Power Plant Boilers by
Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 86: Spain Recent Past, Current & Future Analysis for
Power Plant Boilers by Fuel Type – Coal, Gas, Oil and Other
Fuel Types – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 87: Spain Historic Review for Power Plant Boilers by Fuel
Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 88: Spain 16-Year Perspective for Power Plant Boilers by
Fuel Type – Percentage Breakdown of Value Sales for Coal, Gas,
Oil and Other Fuel Types for the Years 2014, 2023 & 2030
RUSSIA
Table 89: Russia Recent Past, Current & Future Analysis for
Power Plant Boilers by Boiler Type – Pulverized Coal Towers,
Circulating Fluidized Bed Boilers and Other Boiler Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR
Table 90: Russia Historic Review for Power Plant Boilers by
Boiler Type – Pulverized Coal Towers, Circulating Fluidized Bed
Boilers and Other Boiler Types Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 91: Russia 16-Year Perspective for Power Plant Boilers by
Boiler Type – Percentage Breakdown of Value Sales for
Pulverized Coal Towers, Circulating Fluidized Bed Boilers and
Other Boiler Types for the Years 2014, 2023 & 2030
Table 92: Russia Recent Past, Current & Future Analysis for
Power Plant Boilers by Fuel Type – Coal, Gas, Oil and Other
Fuel Types – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 93: Russia Historic Review for Power Plant Boilers by
Fuel Type – Coal, Gas, Oil and Other Fuel Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 94: Russia 16-Year Perspective for Power Plant Boilers by
Fuel Type – Percentage Breakdown of Value Sales for Coal, Gas,
Oil and Other Fuel Types for the Years 2014, 2023 & 2030
REST OF EUROPE
Table 95: Rest of Europe Recent Past, Current & Future Analysis
for Power Plant Boilers by Boiler Type – Pulverized Coal
Towers, Circulating Fluidized Bed Boilers and Other Boiler
Types – Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR
Table 96: Rest of Europe Historic Review for Power Plant
Boilers by Boiler Type – Pulverized Coal Towers, Circulating
Fluidized Bed Boilers and Other Boiler Types Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 97: Rest of Europe 16-Year Perspective for Power Plant
Boilers by Boiler Type – Percentage Breakdown of Value Sales
for Pulverized Coal Towers, Circulating Fluidized Bed Boilers
and Other Boiler Types for the Years 2014, 2023 & 2030
Table 98: Rest of Europe Recent Past, Current & Future Analysis
for Power Plant Boilers by Fuel Type – Coal, Gas, Oil and Other
Fuel Types – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 99: Rest of Europe Historic Review for Power Plant
Boilers by Fuel Type – Coal, Gas, Oil and Other Fuel Types
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR
Table 100: Rest of Europe 16-Year Perspective for Power Plant
Boilers by Fuel Type – Percentage Breakdown of Value Sales for
Coal, Gas, Oil and Other Fuel Types for the Years 2014, 2023 &
2030
ASIA-PACIFIC
Power Plant Boilers Market Presence – Strong/Active/Niche/
Trivial – Key Competitors in Asia-Pacific for 2023 (E)
Table 101: Asia-Pacific Recent Past, Current & Future Analysis
for Power Plant Boilers by Geographic Region – Australia,
India, South Korea and Rest of Asia-Pacific Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 102: Asia-Pacific Historic Review for Power Plant Boilers
by Geographic Region – Australia, India, South Korea and Rest
of Asia-Pacific Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 103: Asia-Pacific 16-Year Perspective for Power Plant
Boilers by Geographic Region – Percentage Breakdown of Value
Sales for Australia, India, South Korea and Rest of
Asia-Pacific Markets for Years 2014, 2023 & 2030
Table 104: Asia-Pacific Recent Past, Current & Future Analysis
for Power Plant Boilers by Boiler Type – Pulverized Coal
Towers, Circulating Fluidized Bed Boilers and Other Boiler
Types – Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR
Table 105: Asia-Pacific Historic Review for Power Plant Boilers
Please contact our Customer Support Center to get the complete Table of Contents
Read the full report: https://www.reportlinker.com/p06346525/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
__________________________
Latest Zen Edition Delivers Secure, Modular, and Scalable Edge Data Solutions with Seamless Synchronization from Edge to Cloud
ROUND ROCK, Texas, June 17, 2024 /PRNewswire/ — Actian, the data and analytics division of HCLSoftware, today announced the launch of Actian Zen 16.0, the newest version of its innovative embedded database. To help businesses run faster, smarter applications on the edge, Zen 16.0 is designed for real-time data processing across mobile, IoT devices, edge gateways, and complex machinery.
Actian developed Zen 16.0 to capture the growing demand for edge computing. IDC predicts edge computing will account for $232 billion in spending this year*. Zen 16.0 simplifies and optimizes edge computing for resource-constrained environments that range from industrial IoT and connected healthcare to smart cities. Actian Zen 16.0 introduces performance enhancements and new features designed to improve efficiency and functionality for the more than 13,000 organizations currently using Zen, as well as attracting new customers.
“Actian Zen16.0 is designed to meet the needs of modern embedded systems and edge computing,” said Emma McGrattan, senior vice president of engineering and product at Actian. “Its secure and scalable design allows for easy data synchronization with Zero-ETL, making it perfect for developers creating intelligent applications that can deliver real-time decisioning from edge to cloud to give a business competitive advantage.”
Zen 16.0 delivers the small footprint with fast read and write access and automatic administration that resource-constrained environments require. Zen16.0 addresses the need to support high-performance intelligent applications with minimal administration, particularly for frequent data update use cases like sensor data collection to monitor patient well-being or asset management tracking using RFID scanners.
Zen 16.0 ensures seamless data synchronization from edge to cloud, supports both SQL and NoSQL data access, and leverages popular programming languages to empower developers in building low-latency embedded applications.
“Actian Zen provides a high performance, lightweight, and self-managed embedded database for our business,” said Trent Maynard, Director of Product & Engineering at Global Shop Solutions. “Zen continues to deliver exactly what we need and we’re enthusiastic about the new capabilities of Zen 16.0 to empower our business operations even further.”
Detailed here, Zen 16.0 includes improved L2 cache sizing, page preload for large data files, Kafka data stream support, EasySync – a new datasync utility, enhanced JSON support, Btrieve2 Python package, Docker and Kubernetes container support, and extended index key length.
*Source: IDC Press Release, New IDC Spending Guide Forecasts Edge Computing Investments Will Reach $232 Billion in 2024, March 2024
About Actian
Actian makes data easy. We deliver cloud, hybrid, and on-premises data solutions that simplify how people connect, manage and analyze data. We transform business by enabling customers to make confident, data-driven decisions that accelerate their organization’s growth. Our data platform integrates seamlessly, performs reliably, and delivers industry-leading speeds at an affordable cost. Actian is a division of HCLSoftware.
Media Contacts
Danielle LeeSenior Director – Global Analyst Relations & Public [email protected]
Ali WheelerPublic Relations [email protected]
Logo – https://mma.prnewswire.com/media/2429927/Actian_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/actian-launches-zen-16-0–the-next-generation-database-for-edge-computing-302173606.html
Artificial Intelligence
Application Security Market worth $55.0 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 17, 2024 /PRNewswire/ — The global Application Security Market to grow from USD 33.7 billion in 2024 to USD 55.0 billion by 2029 at a compound annual growth rate (CAGR) of 10.3% during the forecast period, according to a new report by MarketsandMarkets™. The application security (AppSec) market is expanding rapidly due to the growing reliance on applications and the escalating threat of cyberattacks. The increasing frequency and sophistication of these attacks are driving the demand for strong AppSec solutions, a trend likely to persist. As organizations shift to cloud-based applications, new security challenges arise, requiring AppSec solutions that can adapt and provide robust controls. AppSec vendors are creating user-friendly tools that integrate smoothly with developer workflows, promoting an early vulnerability detection approach. Small and medium-sized enterprises (SMEs) and organizations with limited security resources are turning to Managed Security Service Providers (MSSPs) for affordable expertise and tools. The extensive use of open-source software (OSS) also presents unique security issues, leading to the evolution of AppSec solutions to effectively secure open-source code.
Browse in-depth TOC on “Application Security Market”
200 – Tables 50 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110170194
Scope of the Report
Report Metrics
Details
Market size available for years
2018–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
By Type, By Component, By Organization Size, By Deployment mode, By Vertical, and By Region
Geographies covered
North America, Europe, Asia Pacific, Middle East Africa, and Latin America
Major companies covered
Major vendors in the global Application Security Market include IBM (US), HCL (India), Synopsys (US), Microfocus (UK), Capgemini (France), Onapsis (US), Cloudflare (US), Guardsquare (Belgium), Checkmarx (US), Fortinet (US), Checkpoint (Israel), Broadcom (US), Palo Alto Networks (US), Qualys (US), Rapid7 (US)
By Component, the services segment will grow at the highest CAGR during the forecast period.
The cybersecurity skills gap persists as a significant challenge, but AppSec services offer a solution by providing access to experienced security professionals who can design, implement, and manage effective application security programs. These services bring specialized expertise in areas like penetration testing, security code reviews, and vulnerability assessments, complementing standard solutions and addressing complex security challenges. Navigating data privacy regulations and industry-specific security standards can be daunting, but AppSec services provide compliance guidance, helping organizations efficiently meet regulatory requirements. Managed Security Service Providers (MSSPs) play a crucial role in the AppSec services market, offering comprehensive security solutions such as AppSec assessments, vulnerability management, and ongoing monitoring, which is cost-effective and beneficial for organizations with limited security resources. AppSec services are also evolving to integrate seamlessly with DevSecOps workflows, allowing security professionals to collaborate with developers in identifying and addressing vulnerabilities early in the development lifecycle. Moreover, these services increasingly include security awareness training programs to educate employees on recognizing and mitigating security threats, complementing technical controls with essential human vigilance.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=110170194
By Type, the Mobile Application Security segment will grow at a higher CAGR during the forecast period.
The mobile application security segment within the broader application security (AppSec) market is experiencing rapid growth due to the widespread use of smartphones and the proliferation of mobile apps. With an ever-increasing number of mobile applications across diverse industries, ensuring their security has become a paramount concern. The trend of Bring Your Own Device (BYOD) further complicates security efforts, as personal devices may lack the same level of security controls as corporate-issued ones. Mobile AppSec solutions must address these concerns while complying with data privacy regulations governing the collection and storage of sensitive user data. Integrating security throughout the mobile app development lifecycle is crucial, with solutions tailored to seamlessly integrate with developer workflows to promote early vulnerability detection and remediation. Mobile AppSec solutions need to cater to the specific security requirements of both iOS and Android platforms, each with its own vulnerabilities and testing methodologies. Techniques like app shielding and code obfuscation are also being employed to deter attackers from reverse engineering and exploiting vulnerabilities within mobile applications.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=110170194
By region, Asia Pacific will grow at the highest CAGR during the forecast period.
The Asia Pacific region is undergoing significant growth in its Application Security Market, driven by several key factors. As industries undergo rapid digital transformation, there’s a heightened need for robust security measures to protect interconnected systems. Moreover, the region faces increasing cyber threats, prompting businesses to prioritize application security as a crucial defense mechanism. Stricter data privacy regulations, akin to data protection laws in Europe, mandate strong security practices for handling personal data, further driving market demand. Cloud adoption is surging, leading to a need for cloud-native security solutions that effectively protect applications in cloud environments. Managed Security Service Providers are becoming popular, especially among SMEs, offering cost-effective access to security expertise. Additionally, the adoption of agile and DevOps methodologies necessitates application security solutions that seamlessly integrate with development workflows. Despite challenges such as low awareness of security best practices, skills shortages, and budget constraints, the long-term outlook for the Asia Pacific Application Security Market remains highly positive. Factors like digitalization, cyber threats, and data privacy regulations are expected to sustain market growth, alongside trends like cloud computing and managed security services adoption.
Top Key Companies in Application Security Market:
Major vendors in the global Application Security Market include IBM (US), HCL (India), Synopsys (US), Microfocus (UK), Capgemini (France), Onapsis (US), Cloudflare (US), Guardsquare (Belgium), Checkmarx (US), Fortinet (US), Checkpoint (Israel), Broadcom (US), Palo Alto Networks (US), Qualys (US), Rapid7 (US).
Browse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
Secure Multiparty Computation Market – Global Forecast to 2029
Managed Detection and Response Market – Global Forecast to 2029
Exposure Management Market- Global Forecast to 2029
Workplace Safety Market- Global Forecast to 2028
IDaaS Market- Global Forecast to 2028
Get access to the latest updates on Application Security Companies and Application Security Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/application-security-market-worth-55-0-billion-by-2029–exclusive-report-by-marketsandmarkets-302172900.html
Artificial Intelligence
Membrane Chromatography Market to Reach USD 637 Million with 14.7% CAGR | MarketsandMarkets™
CHICAGO, June 17, 2024 /PRNewswire/ — The membrane chromatography market is poised to grow significantly, with a projected value of USD 637 million by 2029, reflecting a robust CAGR of 14.7% from an estimated USD 321 million in 2024. This growth is primarily fueled by the escalating production of biopharmaceuticals like vaccines and monoclonal antibodies, coupled with increased R&D activities in the biopharmaceutical sector. Key players in this market include Danaher Corporation (US), Sartorius AG (Germany), Merck KGaA (Germany), and Thermo Fisher Scientific Inc. (US), who employ strategies such as new product launches, acquisitions, agreements, collaborations, and geographical expansions to bolster their market presence. Danaher Corporation is known for its extensive range of life science and diagnostic products, investing heavily in R&D, while Sartorius AG stands out for its global reach and strategic collaborations like the one with Waters Corporation for downstream biomanufacturing. Merck KGaA, on the other hand, is recognized for its comprehensive solutions and ongoing investments in R&D, as demonstrated by its substantial investment in membrane and filtration manufacturing capabilities in Cork, Ireland.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151487196
Browse in-depth TOC on “Membrane Chromatography Market”416 – Tables52 – Figures348 – Pages
DRIVER: Catalyzing Growth Through Increased Biopharmaceutical R&D
As C-level executives, you’re aware of the pivotal role R&D plays in the biopharmaceutical sector, especially amidst the escalating demand for treatments targeting chronic illnesses. The robust increase in R&D investments, exemplified by a significant uptick in spending among Spanish biotech firms in 2022, underscores the driving force behind the membrane chromatography market’s expansion.
RESTRAINT: Slow Adoption in Large-Scale Manufacturing
Despite its promising advantages, membrane chromatography encounters obstacles when it comes to scaling up for large-scale operations. Challenges such as membrane degradation and fouling, coupled with the entrenched dominance of traditional column chromatography, impede widespread adoption. These complexities, alongside the risks of process disruption and quality compromises, restrain the market’s growth within large-scale manufacturing.
OPPORTUNITY: Embracing Single-Use Technologies for Enhanced Efficiency
The shift towards single-use membrane chromatography systems presents a compelling opportunity for executives seeking efficiency gains. These systems offer tangible benefits, including reduced contamination risks and lower capital investments. Collaborative efforts, like the partnership between W. L. Gore & Associates, Inc. and AGC Biologics, signal a strategic move towards streamlining downstream purification processes and maximizing productivity.
CHALLENGE: Competing with Alternative Techniques
In the landscape of membrane chromatography, executives must navigate the challenge posed by alternative techniques such as protein crystallization and capillary electrophoresis. These methods, renowned for their simplicity and cost-effectiveness, present formidable competition, potentially diverting market focus from membrane chromatography solutions and posing a significant hurdle to its sustained growth.
Global Membrane Chromatography Industry Ecosystem Analysis
Executives operating within the membrane chromatography industry are part of a multifaceted ecosystem encompassing raw material suppliers, manufacturers, and end users ranging from pharmaceutical giants to academic institutions. Product portfolios span from essential syringe filters to advanced membrane sheets, catering to diverse needs across the sector’s spectrum.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=151487196
Flow-Through Membrane Chromatography Leads Industry Growth in 2023
The dominance of flow-through membrane chromatography in 2023 underscores a strategic focus on biologics development, particularly monoclonal antibodies. The segment’s ascendancy is further fueled by the industry’s quest for efficient chromatography operations, positioning it as a key driver in the membrane chromatography market.
Pharmaceutical & Biopharmaceutical Companies Drive Market Growth
In 2023, pharmaceutical and biopharmaceutical companies emerged as the dominant force within the membrane chromatography landscape, buoyed by the escalating demand for biotherapeutics. The segment’s robust growth trajectory is propelled by increased R&D investments aimed at advancing biopharmaceutical products, solidifying its pivotal role in the membrane chromatography market.
North America Commands Membrane Chromatography Market in 2023
North America’s commanding presence in the membrane chromatography market during 2023 underscores its status as a key hub for biopharmaceutical development and manufacturing. With significant investments in R&D and a well-established healthcare sector, North America leads the global market, followed closely by Europe and the Asia Pacific, reflecting the region’s pivotal role in driving industry innovation and growth.
Recent Innovations Shape Membrane Chromatography Landscape
Thermo Fisher Scientific Inc. Enhances Presence in Asia Pacific with New FacilityIn February 2024, Thermo Fisher Scientific Inc. fortified its position in the Asia Pacific market with the inauguration of a sterile drug facility in Singapore. This strategic investment aligns with the company’s commitment to delivering new medicines and vaccines, complementing enhanced research capabilities at its Customer Experience Center and Bioprocess Design Center. The Customer Experience Center, equipped with a wide array of products spanning molecular biology, genetic analysis sequencing, chromatography mass spectrometry, and cell therapy, underscores Thermo Fisher Scientific’s dedication to innovation and customer-centric solutions.Agilent Technologies Invests in Nucleic Acid Therapeutics ManufacturingJanuary 2023 witnessed Agilent Technologies’ significant investment of USD 725 million to expand its manufacturing capacity for nucleic acid-based therapeutics. This expansion underscores Agilent’s commitment to meeting the growing demand for advanced therapeutics, positioning the company as a key player in the evolving landscape of nucleic acid-based treatments.Sartorius AG Expands Portfolio Through Novasep AcquisitionIn February 2022, Sartorius AG bolstered its chromatography capabilities with the acquisition of Novasep’s chromatography division. This strategic move enables Sartorius to access a portfolio tailored for smaller biomolecules like oligonucleotides, peptides, and insulin, as well as innovative systems for continuous biologics manufacturing. By integrating Novasep’s offerings, Sartorius aims to diversify its revenue streams and strengthen its position as a leading provider of chromatography solutions.3M Introduces Breakthrough Solution for Protein Therapeutic ManufacturingJune 2021 marked the launch of 3M Harvest RC clarifier, a revolutionary single-stage purification solution designed for recombinant protein therapeutic manufacturing. This innovation underscores 3M’s commitment to advancing bioprocessing technologies, offering a streamlined and efficient solution for protein purification, thereby enhancing manufacturing efficiency and product quality.For more information, inquire now! Inquire Now
Related Reports:
Chromatography Instruments Market
Chromatography Accessories & Consumables Market
High Performance Liquid Chromatography Market
Gas Chromatography Market
Life Science Instrumentation Market
Get access to the latest updates on Membrane Chromatography Companies and Membrane Chromatography Market Share
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/membrane-chromatography-market-to-reach-usd-637-million-with-14-7-cagr–marketsandmarkets-302172920.html
-
Artificial Intelligence7 days agoADP Rings NASDAQ Opening Bell Celebrates 75 Years at the Forefront of Payroll & HR Innovation
-
Artificial Intelligence7 days agoTraceLink Partners with Genpact to Expand Delivery of Digital Supply Chain Innovation for Healthcare and Life Sciences Sectors
-
Artificial Intelligence3 days agoBorderless AI & Cohere team up to build a custom-trained AI model for HR professionals, taking on Deel and Remote.com
-
Uncategorized6 days agoHughes Europe Expands into Military, Defence & Government Sectors with Launch of Konnect VHTS Services in Collaboration with Telespazio
-
Uncategorized5 days ago
AI Could Transform UK’s Public Finances as Labour Touts Gains
-
Artificial Intelligence3 days agoComplyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
-
Artificial Intelligence3 days agoLoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
-
Uncategorized3 days ago
Meta to use Instagram and Facebook posts from as far back as 2007 to train artificial intelligence tools
