Babcock & Wilcox Enterprises, Inc.
BWBabcock & Wilcox Enterprises, Inc. (BW) specializes in providing energy and environmental technologies, primarily focusing on power generation, industrial, and renewable energy markets. The company designs, manufactures, and services steam generation systems, including boilers for the utility, industrial, and municipal sectors, as well as providing environmental equipment to reduce emissions. Babcock & Wilcox has a long history of innovation in the energy sector, emphasizing clean energy solutions and sustainable power generation.
Company News
The global pressure vessels market is projected to grow from $50.3 billion in 2023 to $62.7 billion by 2028, with a 4.5% CAGR, driven by increasing global energy demand and industrial applications across power generation, oil & gas, and chemical sectors.
Babcock & Wilcox is selling its Diamond Power International business to ANDRITZ for $177 million, aiming to recapitalize for future growth and focus on its BrightLoop hydrogen and steam production technologies.
The global clean coal technology market is projected to grow from $4.49 billion in 2025 to $6.71 billion by 2032, driven by rising environmental concerns and stringent regulations. However, high costs and the transition to renewable energy may restrain growth.
U.S. stock futures fell on Monday after three consecutive days of decline. Goldman Sachs has increased its U.S. recession probability from 20% to 35% and warned that the risk of further market correction is still looming.
The global cooling towers market is expected to grow from $4.21 billion in 2024 to $5.33 billion by 2029, driven by increased demand in industrial and energy sectors. North America and Asia Pacific are projected to lead the market growth.
