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MFG033A March 2014 Robert Eckard Project Analyst ISBN: 1-56965-723-8

BCC Research

49 Walnut Park, Building 2

Wellesley, MA 02481 USA

866-285-7215 (toll-free within the USA),

or (+1) 781-489-7301

www.bccresearch.com

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TOPIC PAGE NO.

CHAPTER 1 INTRODUCTION 2

STUDY GOALS AND OBJECTIVES 2

REASONS FOR DOING THIS STUDY 2

INTENDED AUDIENCE 2

SCOPE OF REPORT AND METHODOLOGY 3

TABLE A INDUSTRIAL BOILER CATEGORIES CONSIDERED IN THIS REPORT 3

WORLDWIDE MARKETS 4

TABLE B LIST OF GLOBAL MARKETS CONSIDERED IN THIS STUDY 4

METHODOLOGY 4

INFORMATION SOURCES 5

TABLE C RESEARCH INFORMATION SOURCES 5

ANALYST CREDENTIALS 5

RELATED BCC RESEARCH REPORTS 6

BCC RESEARCH ONLINE SERVICES 6

DISCLAIMER 6

CHAPTER 2 SUMMARY 8

SUMMARY TABLE GLOBAL INDUSTRIAL BOILER SALES, THROUGH 2018 ($ MILLIONS) 9 SUMMARY FIGURE GLOBAL INDUSTRIAL BOILER SALES, 2011-2018 ($ MILLIONS) 9

CHAPTER 3 OVERVIEW 11

INTRODUCTION TO INDUSTRIAL BOILERS 11

FIGURE 1 INDUSTRIAL BOILER AND APPURTENANT SYSTEMS, SCHEMATIC 12 TABLE 1 INDUSTRIAL BOILER CATEGORIES CONSIDERED IN THIS REPORT 13

NOTE ON BOILER CAPACITIES 13

TABLE 2 BOILER CAPACITY TERMS 13

FIGURE 2 EARLY TO MID 20TH CENTURY WATERTUBE BOILER, CUTAWAY 15 INDUSTRIAL BOILER TECHNOLOGIES AND CLASSIFICATIONS 16

FIRETUBE BOILERS 16

FIGURE 3 FIRETUBE BOILER DIAGRAM 17

WATERTUBE BOILERS 18

FIGURE 4 D-TYPE WATERTUBE BOILER INSTALLATION 19

WATERWALL BOILERS 19

FIGURE 5 WATERWALL BOILER REPLACEMENT (TUBE TYPE) 20

FIGURE 6 WATERWALL BOILER REPLACEMENT (MEMBRANE TYPE) 21

OIL AND GAS BOILERS 21

SOLID FUEL BOILERS 21

Stoker Boilers 21

Traveling or Chain Grate Boilers 22

FIGURE 7 TRAVELING GRATE 22

Vibrating Grate Stoker Boilers 22

FIGURE 8 LARGE, VIBRATING GRATE STOKER DURING FABRICATION 22

Underfeed Stoker Boilers 23

FIGURE 9 UNDERFEED STOKER SCHEMATIC 23

Spreader Stoker Boilers 24

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TOPIC PAGE NO.

Fluidized Bed Boilers 24

FIGURE 11 FLUIDIZED BED BOILER WITH SUPERHEATER SCHEMATIC 25

Pulverized Fuel Boilers 25

FIGURE 12 PULVERIZED COAL BURNER EMBEDDED IN WATERWALL BOILER 25

HOT WATER OR STEAM BOILERS 26

BOILER FLUIDS 27

PACKAGE AND ENGINEERED BOILERS 27

PRESSURE 27

TABLE 3 INDUSTRIAL BOILER PRESSURE CATEGORIES AND RANGES 28

INDUSTRIAL BOILER AUXILIARY SYSTEMS 28

INDUSTRIAL BOILER EFFICIENCY 29

BOILER EFFICIENCY OVERVIEW 29

TABLE 4 TYPICAL BOILER EFFICIENCY BY FUEL TYPE (%) 30

MAXIMUM CONTINUOUS RATING AND ANNUAL AVERAGE RATING 31

INDUSTRIAL SYSTEM EFFICIENCY 31

INDUSTRIAL BOILER APPLICATIONS AND CAPACITY 31 FIGURE 13 COMMON COMMERCIAL, INDUSTRIAL, AND UTILITY BOILER

APPLICATIONS, BY CAPACITY (MMBTU/HR) 32

EMERGING TECHNOLOGIES AND DEVELOPMENTS 33

TECHNOLOGIES NOT CONSIDERED 34

CHAPTER 4 REGULATORY CONSIDERATIONS 36

NORTH AMERICA 36

US EPA BOILER MACT 36

FIGURE 14 APPLICABILITY OF BOILER MACT STANDARDS TO U.S. INDUSTRIAL AND

COMMERCIAL BOILERS (%) 37

NEW SOURCE PERFORMANCE STANDARDS 38

CANADIAN COUNCIL OF MINISTERS OF THE ENVIRONMENT 38

GREENHOUSE GAS EMISSIONS REGULATIONS 39

WATER QUALITY REGULATIONS 39

NORTH AMERICA ANALYSIS 39

EUROPE 40

EUROPEAN ENERGY EFFICIENCY AND GREENHOUSE GAS EMISSIONS 40 EUROPEAN PARLIAMENT DIRECTIVE 2001/80/EC 40

PRESSURE EQUIPMENT DIRECTIVE 97/23/EC 41

OTHER BOILER REGULATIONS 41

EUROPE ANALYSIS 41

ASIA 42

CHINA 42

FIGURE 15 AIR POLLUTION IN BEIJING, CHINA ON JANUARY 16, 2013 42 Twelfth Five-Year Plan on Air Pollution Prevention and Control in Key

Regions 44

TABLE 5 CHINA'S 2013 AIR POLLUTION CONTROL TARGETS (PERCENT REDUCTION

FROM EXISTING) 44

JAPAN 44

INDIA AND SOUTHEAST ASIA 45

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TOPIC PAGE NO.

CHAPTER 5 INDUSTRY AND TRENDS 48

INDUSTRIAL BOILER SUPPLY CHAINS 48

FIGURE 16 SUPPLY CHAIN, PACKAGE INDUSTRIAL BOILERS 49

FIGURE 17 SUPPLY CHAIN, ENGINEERED (NON-PACKAGE) INDUSTRIAL BOILERS 50

INDUSTRY ORGANIZATIONS 54

TABLE 6 MAJOR ACTIVE BOILER AND RELATED INDUSTRY ORGANIZATIONS 54

KEY TRENDS INFLUENCING MARKETS 60

KEY RETROFIT MARKETS IN DEVELOPED NATIONS 61 FIGURE 18 NUMBER OF INDUSTRIAL BOILERS SOLD IN THE U.S. BY YEAR,

1965-2004 (NO. OF UNITS) 62

FIGURE 19 AGEING U.S. BOILER POPULATION: HEATING CAPACITY BY YEAR OF

INSTALLATION, PRE-1964-2008 (%) 64

MANUFACTURING GROWTH DRIVES MARKETS IN DEVELOPING NATIONS 65

REGULATORY CONCERNS 65

COMMON AREAS OF BOILER SYSTEM IMPROVEMENT 66

RETROFIT FINANCING 66

QUEST FOR ENERGY EFFICIENCY 68

ENVIRONMENTAL AND PERMITTING REQUIREMENTS AND TRENDS 69

TRENDS IN FUEL SOURCES 70

Fuel Characteristics 70

TABLE 7 FUEL CHARACTERISTICS 70

Low US Natural Gas Prices 71

FIGURE 20 HENRY HUB SPOT PRICE, 1997 TO 2013 ($/MMBTU) 71

Unclean Coal 72

FIGURE 21 CARBON DIOXIDE EMISSIONS FOR ELECTRICITY GENERATION FROM

COAL VERSUS NATURAL GAS (KG CO2E/MWH*) 73

CHAPTER 6 COMPANY PROFILES 75

AE&E NANJING BOILER 75

TABLE 8 COMPANY OVERVIEW - AE&E NANJING BOILER 76

ALFA LAVAL AALBORG 76

TABLE 9 COMPANY OVERVIEW - ALFA LAVAL AALBORG 77

ALSTOM POWER GENERATION 77

TABLE 10 COMPANY OVERVIEW - ALSTOM POWER GENERATION 78

ANDRITZ ENERGY & ENVIRONMENT GMBH 78

TABLE 11 COMPANY OVERVIEW - ANDRITZ ENERGY & ENVIRONMENT 79

ANSALDO BOILER 79

TABLE 12 COMPANY OVERVIEW-ANSALDO BOILER 80

BABCOCK HITACHI 80

TABLE 13 COMPANY OVERVIEW-BABCOCK-HITACHI 81

BABCOCK WANSON UK 81

TABLE 14 COMPANY OVERVIEW - BABCOCK WANSON UK 82

BABCOCK & WILCOX CO. 82

TABLE 15 COMPANY OVERVIEW-BABCOCK & WILCOX COMPANY 83

BURMEISTER & WAIN ENERGY 84

TABLE 16 COMPANY OVERVIEW-BURMEISTER & WAIN ENERGY 85

BHARAT HEAVY ELECTRICAL LIMITED 85

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TOPIC PAGE NO.

BOILERWORKS 86

TABLE 18 COMPANY OVERVIEW-BOILERWORKS 87

BOSCH GROUP 87

TABLE 19 COMPANY OVERVIEW-BOSCH GROUP 88

CHEEMA BOILERS LIMITED 88

TABLE 20 COMPANY OVERVIEW-CHEEMA BOILERS 89

CLAYTON INDUSTRIES 89

TABLE 21 COMPANY OVERVIEW-CLAYTON INDUSTRIES 90

CLEAVER-BROOKS 90

TABLE 22 COMPANY OVERVIEW-CLEAVER-BROOKS 91

DANSTOKER 91

TABLE 23 COMPANY OVERVIEW-DANSTOKER 92

DETROIT STOKER 92

TABLE 24 COMPANY OVERVIEW-DETROIT STOKER 93

DONGFANG ELECTRIC 93

TABLE 25 COMPANY OVERVIEW-DONGFANG BOILER WORKS 94

DOOSAN HEAVY INDUSTRIES & CONSTRUCTION 94 TABLE 26 COMPANY OVERVIEW-DOOSAN HEAVY INDUSTRIES & CONSTRUCTION 95

ENGLISH BOILER 95

TABLE 27 COMPANY OVERVIEW-ENGLISH BOILER AND TUBE 96

FOSTER WHEELER 96

TABLE 28 COMPANY OVERVIEW-FOSTER WHEELER 97

FULTON BOILER WORKS 98

TABLE 29 COMPANY OVERVIEW-FULTON BOILER WORKS 98

HAMON DELTAK 99

TABLE 30 COMPANY OVERVIEW: HAMON DELTAK 99

HANGZHOU BOILER GROUP 100

TABLE 31 COMPANY OVERVIEW-HANGZHOU BOILER GROUP 101

HARBIN ELECTRIC CO. 101

TABLE 32 COMPANY OVERVIEW-HARBIN ELECTRIC COMPANY 102

HKB 102

TABLE 33 COMPANY OVERVIEW-HKB 103

ICI CALDAIE 103

TABLE 34 COMPANY OVERVIEW-ICI CALDAIE 104

IMEX 104

TABLE 35 COMPANY OVERVIEW-IMEX 105

INNOVATIVE STEAM TECHNOLOGIES 105

TABLE 36 COMPANY OVERVIEW-INNOVATIVE STEAM TECHNOLOGIES 106

JOHN THOMPSON 106

TABLE 37 COMPANY OVERVIEW-JOHN THOMPSON 107

JOHNSTON BOILER CO. 107

TABLE 38 COMPANY OVERVIEW-JOHNSTON BOILER COMPANY 108

KAWASAKI THERMAL ENGINEERING 108

TABLE 39 COMPANY OVERVIEW-KAWASAKI THERMAL ENGINEERING 109

MACCHI 109

TABLE 40 COMPANY OVERVIEW-MACCHI 110

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TOPIC PAGE NO. TABLE 41 COMPANY OVERVIEW-METSO POWER AND AUTOMATION 111

MITSUBISHI HEAVY INDUSTRIES 111

TABLE 42 COMPANY OVERVIEW: MITSUBISHI HEAVY INDUSTRIES 112

MIURA CO. 112

TABLE 43 COMPANY OVERVIEW-MIURA BOILER 113

NATIONWIDE BOILER 113

TABLE 44 COMPANY OVERVIEW: NATIONWIDE BOILER 114

NOOTER/ERIKSEN INC 114

TABLE 45 COMPANY OVERVIEW: NOOTER/ERIKSEN 115

OMNICAL 115

TABLE 46 COMPANY OVERVIEW-OMNICAL 116

OPTIMUS ENGINEERED PRODUCTS 116

TABLE 47 COMPANY OVERVIEW-OPTIMUS ENGINEERED PRODUCTS 117

RAFAKO GRUPA 117

TABLE 48 COMPANY OVERVIEW-RAFAKO GRUPA 118

RENTECH BOILER SYSTEMS INC. 118

TABLE 49 COMPANY OVERVIEW-RENTECH BOILER SYSTEMS 119

SHANGHAI BOILER WORKS 119

TABLE 50 COMPANY OVERVIEW-SHANGHAI BOILER WORKS 120

SIEMENS ENERGY 120

TABLE 51 COMPANY OVERVIEW-SIEMENS ENERGY 121

STANDARDKESSEL- BAUMGARTE 121

TABLE 52 COMPANY OVERVIEW: STANDARDKESSEL-BAUMGARTE 122

SUPERIOR BOILER WORKS INC. 122

TABLE 53 COMPANY OVERVIEW-SUPERIOR BOILER WORKS 123

TAKUMA 123

TABLE 54 COMPANY OVERVIEW-TAKUMA 124

TEI-STRUTHERS WELLS 124

TABLE 55 COMPANY OVERVIEW: TEI-STRUTHERS WELLS 125

THERMAX LIMITED 125

TABLE 56 COMPANY OVERVIEW-THERMAX 126

POU CHEN MACHINERY GROUP 126

TABLE 57 COMPANY OVERVIEW: TIANJIN BAOCHENG MACHINERY GROUP 127

VICTORY ENERGY OPERATIONS LLC. 127

TABLE 58 COMPANY OVERVIEW: VICTORY ENERGY 128

VOGT POWER INTERNATIONAL 128

TABLE 59 COMPANY OVERVIEW: VOGT POWER INTERNATIONAL 129

WARTSILA CORP. 129

TABLE 60 COMPANY OVERVIEW-WARTSILA 130

WELLMAN ROBEY 130

TABLE 61 COMPANY OVERVIEW-WELLMAN ROBEY 131

WUHAN BOILER CO 131

TABLE 62 COMPANY OVERVIEW-WUHAN BOILER COMPANY 132

YORK-SHIPLEY GLOBAL 132

TABLE 63 COMPANY OVERVIEW-YORK-SHIPLEY GLOBAL 133

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TOPIC PAGE NO.

SCOPE OF MARKET ANALYSIS 136

STEAM-GENERATING INDUSTRIAL BOILERS 136

WATERWALL BOILERS 137

TABLE 64 GLOBAL WATERWALL BOILER SALES, BY REGION, THROUGH 2018

(UNITS UNDER CONSTRUCTION OR RETROFIT) 138

FIGURE 22 GLOBAL WATERWALL BOILER SALES, BY REGION, 2011-2018 (UNITS) 138 TABLE 65 GLOBAL WATERWALL BOILER SALES, BY REGION, THROUGH 2018 ($

MILLIONS) 139

FIGURE 23 GLOBAL WATERWALL BOILER SALES, BY REGION, 2011-2018 ($

MILLIONS) 139

TABLE 66 GLOBAL WATERWALL BOILER SALES, REGIONAL BREAKDOWNS,

THROUGH 2018 ($ MILLIONS) 140

FIGURE 24 GLOBAL WATERWALL BOILER SALES, REGIONAL BREAKDOWNS,

2011-2018 ($ MILLIONS) 140

WATERTUBE BOILERS 141

TABLE 67 GLOBAL WATERTUBE BOILER SALES, BY REGION, THROUGH 2018 (UNITS) 142 FIGURE 25 GLOBAL WATERTUBE BOILER SALES, BY REGION, 2011-2018 (UNITS) 142 TABLE 68 GLOBAL WATERTUBE BOILER SALES, BY REGION, THROUGH 2018 ($

MILLIONS) 143

FIGURE 26 GLOBAL WATERTUBE BOILER SALES, BY REGION, 2011-2018 ($

MILLIONS) 143

TABLE 69 GLOBAL WATERTUBE BOILER SALES, REGIONAL BREAKDOWNS,

THROUGH 2018 ($ MILLIONS) 144

FIGURE 27 GLOBAL WATERTUBE BOILER SALES, REGIONAL BREAKDOWNS,

2011-2018 ($ MILLIONS) 145

FIRETUBE BOILERS 145

TABLE 70 GLOBAL FIRETUBE BOILER SALES, BY REGION, THROUGH 2018 (UNITS) 146 FIGURE 28 GLOBAL FIRETUBE BOILER SALES, BY REGION, 2011-2018 (UNITS) 146 TABLE 71 GLOBAL FIRETUBE BOILER SALES, BY REGION, THROUGH 2018 ($

MILLIONS) 148

FIGURE 29 GLOBAL FIRETUBE BOILER SALES, BY REGION, 2011-2018 ($ MILLIONS) 148 TABLE 72 GLOBAL FIRETUBE BOILER SALES, REGIONAL BREAKDOWNS, THROUGH

2018 ($ MILLIONS) 149

FIGURE 30 GLOBAL FIRETUBE BOILER SALES, REGIONAL BREAKDOWNS, 2011-2018

($ MILLIONS) 149

FLUIDIZED BED BOILERS 150

TABLE 73 GLOBAL FLUIDIZED BED BOILER SALES, BY REGION, THROUGH 2018

(UNITS) 151

FIGURE 31 GLOBAL FLUIDIZED BED BOILER SALES, BY REGION, 2011-2018 (UNITS) 151 TABLE 74 GLOBAL FLUIDIZED BED BOILER SALES, BY REGION, THROUGH 2018 ($

MILLIONS) 152

FIGURE 32 GLOBAL FLUIDIZED BED BOILER SALES, BY REGION, 2011-2018 ($

MILLIONS) 152

TABLE 75 GLOBAL FLUIDIZED BED BOILER SALES, REGIONAL BREAKDOWNS,

THROUGH 2018 ($ MILLIONS) 153

FIGURE 33 GLOBAL FLUIDIZED BED BOILER SALES, REGIONAL BREAKDOWNS,

2011-2018 ($ MILLIONS) 153

HOT WATER BOILERS 154

FIGURE 34 COMPARISON OF INDUSTRIAL HOT WATER BOILER SALES TO

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TOPIC PAGE NO. TABLE 76 COMPARISON OF INDUSTRIAL HOT WATER BOILER SALES TO

INDUSTRIAL STEAM BOILER SALES, 2013 (PERCENT OF TOTAL SALES) 155 TABLE 77 GLOBAL HOT WATER BOILER SALES, BY REGION, THROUGH 2018 (UNITS) 156 FIGURE 35 GLOBAL HOT WATER BOILER SALES, BY REGION, 2011-2018 (UNITS) 156 TABLE 78 GLOBAL HOT WATER BOILER SALES, BY REGION, THROUGH 2018 ($

MILLIONS) 157

FIGURE 36 GLOBAL HOT WATER BOILER SALES, BY REGION, 2011-2018 ($

MILLIONS) 157

TABLE 79 GLOBAL HOT WATER BOILER SALES, REGIONAL BREAKDOWNS,

THROUGH 2018 ($ MILLIONS) 158

FIGURE 37 GLOBAL HOT WATER BOILER SALES, REGIONAL BREAKDOWNS,

2011-2018 ($ MILLIONS) 158

GLOBAL SUMMARY 158

TABLE 80 GLOBAL INDUSTRIAL BOILER SALES, BREAKDOWNS BY REGION,

THROUGH 2018 ($ MILLIONS) 159

FIGURE 38 GLOBAL INDUSTRIAL BOILER SALES, BREAKDOWNS BY REGION,

2011-2018 ($ MILLIONS) 159

TABLE 81 GLOBAL INDUSTRIAL BOILER SALES, BREAKDOWNS BY TECHNOLOGY,

THROUGH 2018 ($ MILLIONS) 160

FIGURE 39 GLOBAL INDUSTRIAL BOILER SALES, BREAKDOWNS BY TECHNOLOGY,

2011-2018 ($ MILLIONS) 160

TABLE 82 GLOBAL HOT WATER BOILER SALES, REGIONAL BREAKDOWNS,

THROUGH 2018 ($ MILLIONS) 162

FIGURE 40 GLOBAL INDUSTRIAL BOILER SALES, REGIONAL BREAKDOWNS,

2011-2018 ($ MILLIONS) 162

CHAPTER 8 APPENDIX I: ACRONYMS AND ABBREVIATIONS OF MEASUREMENTS 164

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TABLE HEADING PAGE NO. TABLE A INDUSTRIAL BOILER CATEGORIES CONSIDERED IN THIS REPORT 3 TABLE B LIST OF GLOBAL MARKETS CONSIDERED IN THIS STUDY 4

TABLE C RESEARCH INFORMATION SOURCES 5

SUMMARY TABLE GLOBAL INDUSTRIAL BOILER SALES, THROUGH 2018 ($ MILLIONS) 9 TABLE 1 INDUSTRIAL BOILER CATEGORIES CONSIDERED IN THIS REPORT 13

TABLE 2 BOILER CAPACITY TERMS 13

TABLE 3 INDUSTRIAL BOILER PRESSURE CATEGORIES AND RANGES 28 TABLE 4 TYPICAL BOILER EFFICIENCY BY FUEL TYPE (%) 30 TABLE 5 CHINA'S 2013 AIR POLLUTION CONTROL TARGETS (PERCENT REDUCTION

FROM EXISTING) 44

TABLE 6 MAJOR ACTIVE BOILER AND RELATED INDUSTRY ORGANIZATIONS 54

TABLE 7 FUEL CHARACTERISTICS 70

TABLE 8 COMPANY OVERVIEW - AE&E NANJING BOILER 76 TABLE 9 COMPANY OVERVIEW - ALFA LAVAL AALBORG 77 TABLE 10 COMPANY OVERVIEW - ALSTOM POWER GENERATION 78 TABLE 11 COMPANY OVERVIEW - ANDRITZ ENERGY & ENVIRONMENT 79

TABLE 12 COMPANY OVERVIEW-ANSALDO BOILER 80

TABLE 13 COMPANY OVERVIEW-BABCOCK-HITACHI 81

TABLE 14 COMPANY OVERVIEW - BABCOCK WANSON UK 82 TABLE 15 COMPANY OVERVIEW-BABCOCK & WILCOX COMPANY 83 TABLE 16 COMPANY OVERVIEW-BURMEISTER & WAIN ENERGY 85 TABLE 17 COMPANY OVERVIEW-BHARAT HEAVY ELECTRICAL LTD 86

TABLE 18 COMPANY OVERVIEW-BOILERWORKS 87

TABLE 19 COMPANY OVERVIEW-BOSCH GROUP 88

TABLE 20 COMPANY OVERVIEW-CHEEMA BOILERS 89

TABLE 21 COMPANY OVERVIEW-CLAYTON INDUSTRIES 90

TABLE 22 COMPANY OVERVIEW-CLEAVER-BROOKS 91

TABLE 23 COMPANY OVERVIEW-DANSTOKER 92

TABLE 24 COMPANY OVERVIEW-DETROIT STOKER 93

TABLE 25 COMPANY OVERVIEW-DONGFANG BOILER WORKS 94 TABLE 26 COMPANY OVERVIEW-DOOSAN HEAVY INDUSTRIES & CONSTRUCTION 95 TABLE 27 COMPANY OVERVIEW-ENGLISH BOILER AND TUBE 96

TABLE 28 COMPANY OVERVIEW-FOSTER WHEELER 97

TABLE 29 COMPANY OVERVIEW-FULTON BOILER WORKS 98

TABLE 30 COMPANY OVERVIEW: HAMON DELTAK 99

TABLE 31 COMPANY OVERVIEW-HANGZHOU BOILER GROUP 101 TABLE 32 COMPANY OVERVIEW-HARBIN ELECTRIC COMPANY 102

TABLE 33 COMPANY OVERVIEW-HKB 103

TABLE 34 COMPANY OVERVIEW-ICI CALDAIE 104

TABLE 35 COMPANY OVERVIEW-IMEX 105

TABLE 36 COMPANY OVERVIEW-INNOVATIVE STEAM TECHNOLOGIES 106

TABLE 37 COMPANY OVERVIEW-JOHN THOMPSON 107

TABLE 38 COMPANY OVERVIEW-JOHNSTON BOILER COMPANY 108 TABLE 39 COMPANY OVERVIEW-KAWASAKI THERMAL ENGINEERING 109

TABLE 40 COMPANY OVERVIEW-MACCHI 110

TABLE 41 COMPANY OVERVIEW-METSO POWER AND AUTOMATION 111 TABLE 42 COMPANY OVERVIEW: MITSUBISHI HEAVY INDUSTRIES 112

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TABLE HEADING PAGE NO.

TABLE 43 COMPANY OVERVIEW-MIURA BOILER 113

TABLE 44 COMPANY OVERVIEW: NATIONWIDE BOILER 114

TABLE 45 COMPANY OVERVIEW: NOOTER/ERIKSEN 115

TABLE 46 COMPANY OVERVIEW-OMNICAL 116

TABLE 47 COMPANY OVERVIEW-OPTIMUS ENGINEERED PRODUCTS 117

TABLE 48 COMPANY OVERVIEW-RAFAKO GRUPA 118

TABLE 49 COMPANY OVERVIEW-RENTECH BOILER SYSTEMS 119 TABLE 50 COMPANY OVERVIEW-SHANGHAI BOILER WORKS 120

TABLE 51 COMPANY OVERVIEW-SIEMENS ENERGY 121

TABLE 52 COMPANY OVERVIEW: STANDARDKESSEL-BAUMGARTE 122 TABLE 53 COMPANY OVERVIEW-SUPERIOR BOILER WORKS 123

TABLE 54 COMPANY OVERVIEW-TAKUMA 124

TABLE 55 COMPANY OVERVIEW: TEI-STRUTHERS WELLS 125

TABLE 56 COMPANY OVERVIEW-THERMAX 126

TABLE 57 COMPANY OVERVIEW: TIANJIN BAOCHENG MACHINERY GROUP 127

TABLE 58 COMPANY OVERVIEW: VICTORY ENERGY 128

TABLE 59 COMPANY OVERVIEW: VOGT POWER INTERNATIONAL 129

TABLE 60 COMPANY OVERVIEW-WARTSILA 130

TABLE 61 COMPANY OVERVIEW-WELLMAN ROBEY 131

TABLE 62 COMPANY OVERVIEW-WUHAN BOILER COMPANY 132 TABLE 63 COMPANY OVERVIEW-YORK-SHIPLEY GLOBAL 133 TABLE 64 GLOBAL WATERWALL BOILER SALES, BY REGION, THROUGH 2018 (UNITS

UNDER CONSTRUCTION OR RETROFIT) 138

TABLE 65 GLOBAL WATERWALL BOILER SALES, BY REGION, THROUGH 2018 ($

MILLIONS) 139

TABLE 66 GLOBAL WATERWALL BOILER SALES, REGIONAL BREAKDOWNS, THROUGH

2018 ($ MILLIONS) 140

TABLE 67 GLOBAL WATERTUBE BOILER SALES, BY REGION, THROUGH 2018 (UNITS) 142 TABLE 68 GLOBAL WATERTUBE BOILER SALES, BY REGION, THROUGH 2018 ($

MILLIONS) 143

TABLE 69 GLOBAL WATERTUBE BOILER SALES, REGIONAL BREAKDOWNS, THROUGH

2018 ($ MILLIONS) 144

TABLE 70 GLOBAL FIRETUBE BOILER SALES, BY REGION, THROUGH 2018 (UNITS) 146 TABLE 71 GLOBAL FIRETUBE BOILER SALES, BY REGION, THROUGH 2018 ($

MILLIONS) 148

TABLE 72 GLOBAL FIRETUBE BOILER SALES, REGIONAL BREAKDOWNS, THROUGH

2018 ($ MILLIONS) 149

TABLE 73 GLOBAL FLUIDIZED BED BOILER SALES, BY REGION, THROUGH 2018

(UNITS) 151

TABLE 74 GLOBAL FLUIDIZED BED BOILER SALES, BY REGION, THROUGH 2018 ($

MILLIONS) 152

TABLE 75 GLOBAL FLUIDIZED BED BOILER SALES, REGIONAL BREAKDOWNS,

THROUGH 2018 ($ MILLIONS) 153

TABLE 76 COMPARISON OF INDUSTRIAL HOT WATER BOILER SALES TO INDUSTRIAL

STEAM BOILER SALES, 2013 (PERCENT OF TOTAL SALES) 155 TABLE 77 GLOBAL HOT WATER BOILER SALES, BY REGION, THROUGH 2018 (UNITS) 156 TABLE 78 GLOBAL HOT WATER BOILER SALES, BY REGION, THROUGH 2018 ($

MILLIONS) 157

TABLE 79 GLOBAL HOT WATER BOILER SALES, REGIONAL BREAKDOWNS, THROUGH

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TABLE HEADING PAGE NO. TABLE 80 GLOBAL INDUSTRIAL BOILER SALES, BREAKDOWNS BY REGION, THROUGH

2018 ($ MILLIONS) 159

TABLE 81 GLOBAL INDUSTRIAL BOILER SALES, BREAKDOWNS BY TECHNOLOGY,

THROUGH 2018 ($ MILLIONS) 160

TABLE 82 GLOBAL HOT WATER BOILER SALES, REGIONAL BREAKDOWNS, THROUGH

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FIGURE TITLE PAGE NO. SUMMARY FIGURE GLOBAL INDUSTRIAL BOILER SALES, 2011-2018 ($ MILLIONS) 9 FIGURE 1 INDUSTRIAL BOILER AND APPURTENANT SYSTEMS, SCHEMATIC 12 FIGURE 2 EARLY TO MID 20TH CENTURY WATERTUBE BOILER, CUTAWAY 15

FIGURE 3 FIRETUBE BOILER DIAGRAM 17

FIGURE 4 D-TYPE WATERTUBE BOILER INSTALLATION 19 FIGURE 5 WATERWALL BOILER REPLACEMENT (TUBE TYPE) 20 FIGURE 6 WATERWALL BOILER REPLACEMENT (MEMBRANE TYPE) 21

FIGURE 7 TRAVELING GRATE 22

FIGURE 8 LARGE, VIBRATING GRATE STOKER DURING FABRICATION 22

FIGURE 9 UNDERFEED STOKER SCHEMATIC 23

FIGURE 10 SPREADER STOKER SCHEMATIC 24

FIGURE 11 FLUIDIZED BED BOILER WITH SUPERHEATER SCHEMATIC 25 FIGURE 12 PULVERIZED COAL BURNER EMBEDDED IN WATERWALL BOILER 25 FIGURE 13 COMMON COMMERCIAL, INDUSTRIAL, AND UTILITY BOILER APPLICATIONS,

BY CAPACITY (MMBTU/HR) 32

FIGURE 14 APPLICABILITY OF BOILER MACT STANDARDS TO U.S. INDUSTRIAL AND

COMMERCIAL BOILERS (%) 37

FIGURE 15 AIR POLLUTION IN BEIJING, CHINA ON JANUARY 16, 2013 42 FIGURE 16 SUPPLY CHAIN, PACKAGE INDUSTRIAL BOILERS 49 FIGURE 17 SUPPLY CHAIN, ENGINEERED (NON-PACKAGE) INDUSTRIAL BOILERS 50 FIGURE 18 NUMBER OF INDUSTRIAL BOILERS SOLD IN THE U.S. BY YEAR, 1965-2004

(NO. OF UNITS) 62

FIGURE 19 AGEING U.S. BOILER POPULATION: HEATING CAPACITY BY YEAR OF

INSTALLATION, PRE-1964-2008 (%) 64

FIGURE 20 HENRY HUB SPOT PRICE, 1997 TO 2013 ($/MMBTU) 71 FIGURE 21 CARBON DIOXIDE EMISSIONS FOR ELECTRICITY GENERATION FROM

COAL VERSUS NATURAL GAS (KG CO2E/MWH*) 73

FIGURE 22 GLOBAL WATERWALL BOILER SALES, BY REGION, 2011-2018 (UNITS) 138 FIGURE 23 GLOBAL WATERWALL BOILER SALES, BY REGION, 2011-2018 ($ MILLIONS) 139 FIGURE 24 GLOBAL WATERWALL BOILER SALES, REGIONAL BREAKDOWNS,

2011-2018 ($ MILLIONS) 140

FIGURE 25 GLOBAL WATERTUBE BOILER SALES, BY REGION, 2011-2018 (UNITS) 142 FIGURE 26 GLOBAL WATERTUBE BOILER SALES, BY REGION, 2011-2018 ($ MILLIONS) 143 FIGURE 27 GLOBAL WATERTUBE BOILER SALES, REGIONAL BREAKDOWNS,

2011-2018 ($ MILLIONS) 145

FIGURE 28 GLOBAL FIRETUBE BOILER SALES, BY REGION, 2011-2018 (UNITS) 146 FIGURE 29 GLOBAL FIRETUBE BOILER SALES, BY REGION, 2011-2018 ($ MILLIONS) 148 FIGURE 30 GLOBAL FIRETUBE BOILER SALES, REGIONAL BREAKDOWNS, 2011-2018

($ MILLIONS) 149

FIGURE 31 GLOBAL FLUIDIZED BED BOILER SALES, BY REGION, 2011-2018 (UNITS) 151 FIGURE 32 GLOBAL FLUIDIZED BED BOILER SALES, BY REGION, 2011-2018 ($

MILLIONS) 152

FIGURE 33 GLOBAL FLUIDIZED BED BOILER SALES, REGIONAL BREAKDOWNS,

2011-2018 ($ MILLIONS) 153

FIGURE 34 COMPARISON OF INDUSTRIAL HOT WATER BOILER SALES TO INDUSTRIAL

STEAM BOILER SALES, 2013 (PERCENT OF TOTAL SALES) 154 FIGURE 35 GLOBAL HOT WATER BOILER SALES, BY REGION, 2011-2018 (UNITS) 156 FIGURE 36 GLOBAL HOT WATER BOILER SALES, BY REGION, 2011-2018 ($ MILLIONS) 157

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FIGURE TITLE PAGE NO. FIGURE 37 GLOBAL HOT WATER BOILER SALES, REGIONAL BREAKDOWNS,

2011-2018 ($ MILLIONS) 158

FIGURE 38 GLOBAL INDUSTRIAL BOILER SALES, BREAKDOWNS BY REGION,

2011-2018 ($ MILLIONS) 159

FIGURE 39 GLOBAL INDUSTRIAL BOILER SALES, BREAKDOWNS BY TECHNOLOGY,

2011-2018 ($ MILLIONS) 160

FIGURE 40 GLOBAL INDUSTRIAL BOILER SALES, REGIONAL BREAKDOWNS,

References

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