Power Plant Boiler Market, By Process, By Technology, By Fuel, By Geography

Description

Power Plant Boiler Market is estimated to be valued at USD 24.51 Bn in 2025 and is expected to reach USD 36.13 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 24.51 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2020 To 2024
Forecast Period 2025 to 2032 CAGR:	5.70%	2032 Value Projection:	USD 36.13 Bn

The global power plant boiler market represents a critical component of the worldwide energy infrastructure, encompassing sophisticated steam generation systems designed to convert water into high-pressure steam for electricity production across thermal power plants. These industrial-grade boilers serve as the heart of fossil fuel, biomass, and waste-to-energy power generation facilities, playing an indispensable role in meeting growing global electricity demands.

Market Dynamics

The global power plant boiler market is driven by several compelling factors that collectively fuel its sustained growth trajectory across diverse geographical regions. The primary driver stems from escalating global electricity demand, particularly in emerging economies where rapid industrialization, urbanization, and improving living standards are creating unprecedented energy consumption patterns, necessitating substantial investments in new power generation capacity and infrastructure modernization initiatives.

Key Features of the Study

This report provides in-depth analysis of the global power plant boiler market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global power plant boiler market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include General Electric Company, Siemens AG, Mitsubishi Hitachi Power Systems, Babcock & Wilcox Enterprises, Inc., Alstom SA, Foster Wheeler AG, Doosan Heavy Industries & Construction, Thermax Limited, Hitachi, Ltd., Burns & McDonnell, Veolia Environnement S.A., Hurst Boiler & Welding Company, Inc., ANDRITZ AG, Babcock International Group, and SPX Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global power plant boiler market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global power plant boiler market

Market Segmentation

Process Insights (Revenue, USD Bn, 2020 - 2032)
- Pulverized fuel combustion
- Fluidized bed combustion
- Others
Technology Insights (Revenue, USD Bn, 2020 - 2032)
- Subcritical
- Supercritical
- Ultra-critical
Fuel Insights (Revenue, USD Bn, 2020 - 2032)
- Petroleum
- Nuclear
- Natural gas
- Coal
- Renewables
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- General Electric Company
- Siemens AG
- Mitsubishi Hitachi Power Systems
- Babcock & Wilcox Enterprises, Inc.
- Alstom SA
- Foster Wheeler AG
- Doosan Heavy Industries & Construction
- Thermax Limited
- Hitachi, Ltd.
- Burns & McDonnell
- Veolia Environnement S.A.
- Hurst Boiler & Welding Company, Inc.
- ANDRITZ AG
- Babcock International Group
- SPX Corporation

Product Code: CMI8489

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Power Plant Boiler Market, By Process
- Global Power Plant Boiler Market, By Technology
- Global Power Plant Boiler Market, By Fuel
- Global Power Plant Boiler Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Power Plant Boiler Market, By Process, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Pulverized fuel combustion
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Fluidized bed combustion
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Power Plant Boiler Market, By Technology, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Subcritical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Supercritical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Ultra-critical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Power Plant Boiler Market, By Fuel, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Petroleum
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Nuclear
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Natural gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Coal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Renewables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

7. Global Power Plant Boiler Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Process, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Process, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Process, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Process, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Process, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Process, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Fuel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

General Electric Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Siemens AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mitsubishi Hitachi Power Systems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Babcock & Wilcox Enterprises, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Alstom SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Foster Wheeler AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Doosan Heavy Industries & Construction
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Thermax Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hitachi, Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Burns & McDonnell
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Veolia Environnement S.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hurst Boiler & Welding Company, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
ANDRITZ AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Babcock International Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
SPX Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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