Research Report on China’s Boiler Industry, 2022-2030

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In the boiler industry, by 2020, China had over 300 boiler manufacturers, and the average annual production was less than 2,000 evaporation tons.

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Description

Boilers play an important role in China’s economy and the Chinese people’s lives. The boiler is one of the major equipment for thermal power generation. By the end of 2020, the installed thermal power capacity in China was 1.24517 billion kilowatts, an increase of 4.7% YOY, accounting for 56.58% of the total installed capacity of electricity in China.

According to CRI’s analysis, by the end of 2020, in the boiler industry, there were more than 300 boiler manufacturers in China, and the average annual production volume was less than 2,000 evaporation tons. China’s boiler industry is troubled by a low market concentration ratio, outdated technologies, and low gross profit margins.

China-made boilers are dominated by industrial boilers. In industrial production, industrial boilers are essential thermal power equipment. They are classified into coal-fired steam boilers, oil and gas-fired steam boilers, thermal oil furnaces, and hot-blast stoves, and are applied in power generation, industrial production, light industry, textiles, metallurgy, etc.

From 2010 to 2020, China’s industrial boiler production fluctuated, increasing from 336,382 evaporation tons in 2010 to 512,736 evaporation tons in 2013, dropping back to 322,293 evaporation tons in 2018, and then increasing to 439,112 evaporation tons in 2020, with a CAGR of about 2.7% from 2010 to 2020.

As coal-fired boilers cost much less than natural gas boilers, they dominate China’s industrial boiler market. For a long time to come, they will continue to be the mainstream of industrial boilers in China, and most of them will be medium and heavy-duty ones.

Coal-fired boilers cause serious environmental pollution. As the energy supply structure changes and energy conservation and environmental protection requirements become more stringent, small coal-fired industrial boilers will be phased out, and the high-efficiency, energy-saving and low-pollution industrial boilers that use clean fuels and clean combustion technologies will become a development trend.

As China’s environmental protection policies have become stricter in recent years, the Chinese government is promoting the transformation and upgrade of industrial boiler manufacturers.

In Jul. 2016, China’s Ministry of Industry and Information Technology issued The Plan for Industrial Application of Energy Efficient and Environmentally Friendly Industrial Boilers to transform and upgrade the industrial boiler industry, save energy, reduce emissions and improve the environment.

The Plan required that by the end of 2020, some production bases of energy-efficient and environmentally friendly industrial boilers should have been built, and energy-efficient and environmentally friendly industrial boilers should take up a market share of more than 60% with a production volume of 1 million evaporation tons.

The Opinions on the Ecological and Environmental Protection to Win the Fight in Pollution Prevention and Control clearly put forward to vigorously promote the management of bulk coal and reduction in coal consumption by adopting other alternatives. The Opinions required that by 2020, coal-fired boilers below 35 evaporation tons per hour should be phased out in key areas; clean and efficient coal-fired boilers should be promoted.

As the Chinese government strengthens ecological protection and management, many industrial boiler manufacturers are upgrading their boilers, to meet the standards of energy conservation and environmental protection.

According to CRI, it is expected that coal-fired industrial boilers will remain the dominant product of industrial boilers for a considerable period of time in the future.

However, as it will cause serious pollution to the environment, with the continuous change of energy supply structure and the increasingly strict requirements of energy conservation and environmental protection, natural gas development and application will also enter a high-speed development stage.

Therefore, high-efficiency, energy-saving and low-pollution industrial boilers using clean fuel and related technologies will be the development trend.

Many local governments of China have also taken measures to control the pollutant discharge of industrial enterprises. Replacing coal-fired boilers with natural gas boilers or electric boilers has become a hot trend. In cities that have the pipelines for the West-East Gas Transmission Project and natural gas import and port cities able to import liquefied gas and their surrounding areas, gas-fired boilers have huge growth potential.

Supported and encouraged by the Chinese government, the gas-fired boiler industry will have a bright prospect. Environmentally friendly gas-fired boilers will certainly replace coal-fired boilers to become the mainstream products in China’s boiler market.

 

Topics covered

Additional information

Publisher

Geography Covered

Date Published

Pages

Charts

Format

Base Year

2016

Base Market Size

458.1

Currency/Unit

thousand evaporation tonnes

Forecast Year

2030

Market Size Forecast

786.38

CAGR

3.94%

Table of Contents

 

1 Overview of Boilers in China

1.1 Definition and Classification

1.2 Coal-fired Boilers

1.3 Gas-fired Boilers

1.3.1 Introduction to Gas-fired Boilers

1.3.2 Advantages of Gas-fired Boilers

1.4 Economic Analysis on Upgrading Coal-fired Boilers to Natural Gas Boilers

1.4.1 Fuel Cost

1.4.2 Comparison of Costs of Boiler Construction and Improvement

 

2 Development Environment for China’s Boiler Industry, 2020-2021

2.1 Economic Environment

2.1.1 China’s Economy

2.1.2 Overview of China’s Coal Industry

2.1.3 Overview of China’s Natural Gas Industry

2.2 China’s Policies on Boiler Improvement

2.2.1 Policies of the Central Government of China

2.2.2 Policies of the Local Governments of China

2.3 New Emission Standards for Boilers

 

3 Demand for Gas-fired Boilers in China, 2020-2021

3.1 Gas-fired and Exhaust-heat Utility Boilers

3.2 Demand for Industrial Gas-fired Boilers

3.3 Estimated Market Demand for Gas-fired Boilers

3.4 Analysis on Supply of and Demand for Natural Gas Boilers in China

3.4.1 Production Volume

3.4.2 Demand Volume

 

4 Competitive Landscape of China’s Boiler Market, 2020-2021

4.1 Barriers to Entry in China’s Boiler Industry

4.1.1 Technical Barrier

4.1.2 Fund Barrier

4.1.3 Sales Channel Barrier

4.2 Competition Structure of China’s Boiler Industry

4.2.1 Bargaining Power of Upstream Suppliers

4.2.2 Bargaining Power of Downstream Customers

4.2.3 Competition in China’s Boiler Industry

4.2.4 New Entrants to China’s Boiler Industry

4.2.5 Substitutes for Boilers

 

5 Major Boiler Manufacturers in China, 2020-2021

5.1 Dongfang Boiler Group Co., Ltd.

5.2 Harbin Boiler Company Limited

5.3 Shanghai Boiler Works Co., Ltd.

5.4 Hangzhou Boiler Group Co., Ltd.

5.5 Taishan Group Co., Ltd.

5.6 Wuxi Huaguang Boiler Co., Ltd.

5.7 China Western Power Industrial Co., Ltd.

5.8 Jinan Boiler Group Co., Ltd.

5.9 Suzhou Hailu Heavy Industry Co., Ltd.

5.10 Anhui Jinding Boiler Co., Ltd.

5.11 Wuhan Boiler Company Limited

5.12 Babcock & Wilcox Beijing Co., Ltd.

5.13 Zhengzhou Boiler Co., Ltd.

 

6 Prospect of China’s Boiler Industry, 2021-2030

6.1 Factors Influencing Development of China’s Boiler Industry

6.1.1 Driving Forces and Market Opportunities

6.1.2 Threats and Challenges

6.2 Forecast on Supply of Boilers in China

6.2.1 Overall Production

6.2.2 Production by Market Segment

6.3 Forecast on Demand for Boilers in China

6.3.1 Market Size

6.3.2 Market Segments

 

 

Selected charts

Chart Reserve of Boilers in China, 2010-2020

Chart Per Unit Power Investment in Some Gas Generator Sets in China

Chart Initial Investments in Upgrading Coal-fired Boilers to Gas-fired Boilers and Treating Fume from Coal-fired Boilers

Chart Fuel and Operation Costs of Upgrading Coal-fired Boilers to Gas-fired Boilers and Treating Fume from Coal-fired Boilers

Chart First Batch of Natural Gas Distributed Energy Demonstration Projects in China

Chart Production Volume of Natural Gas in China, 2010-2020

Chart Major Gas Turbine Manufacturers in China

Chart Competitive Landscape of Large-scale Power Station Boilers in China

Chart Production Volume of Exhaust-heat Boilers in China

Chart Production Volume of Industrial Boilers in China, 2010-2020

Chart Production Volume of in Utility Boilers in China, 2010-2020

Chart Major Boiler Manufacturers in China

Chart Forecast on Production Volume of Industrial Boilers in China, 2021-2030