Global Power Plant Boiler Market to Reach US$ 28.5 Billion by 2032, Impelled by Escalating Energy Demand

October 10, 2022 | Energy & Mining

The latest report by IMARC Group, titled "Power Plant Boiler Market Report by Type (Pulverized Fuel Boiler, Circulation Fluidized Bed Boiler, and Others), Technology (Subcritical, Supercritical, Ultra-Supercritical), Fuel Type (Coal, Oil, Gas, and Others), Input Capacity (< 10 MMBtu/Hr, 10-50 MMBtu/Hr, 50-100 MMBtu/Hr, 100-250 MMBtu/Hr, > 250 MMBtu/Hr), and Region 2024-2032," finds that the global power plant boiler market size reached US$ 19.9 Billion in 2023. A power plant boiler is a type of mechanical equipment that produces steam by heating water and utilizes it to generate energy. It comprises a furnace that burns fossil fuels and creates heat which gets transferred to form steam. It is available in varying sizes depending upon the utility and is installed in power stations and industries with steam-based or hot water operations. Owing to these properties, there has been an escalating demand for power plant boilers across the globe.

Global Power Plant Boiler Market Trends:

The market is primarily driven by the escalating energy demand across the globe. In addition, governments of various nations are heavily investing in the development of existing power plants and the construction of new facilities. This, coupled with rapid industrialization in emerging countries, has escalated the demand for power plant boilers. Besides this, the market is also propelled by the growing reliance on electronic appliances such as air conditioners, microwave ovens, and washing machines. Moreover, the rising concerns for carbon emissions, the surging need for highly efficient energy solutions, and various technological advancements in the manufacturing and functioning of boilers are some of the other factors creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market to reach US$ 28.5 Billion by 2032, exhibiting a CAGR of 3.9% during 2024-2032.

Market Summary:

  • Based on the type, the market has been classified into pulverized, circulation fluidized bed, and other boilers.
  • On the basis of technology, the market has been segregated into subcritical, supercritical, and ultra-supercritical.
  • Based on the fuel type, the market has been segmented into coal, oil, gas, and others.
  • On the basis of the input capacity, the market has been categorized into < 10, 10-50, 50-100, 100-250, and > 250 MMBtu/Hr.
  • Region-wise, the market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, with some of the key players being Babcock & Wilcox, AMEC Foster Wheeler, Dongfang Electric Pvt. Ltd, General Electric Company, Doosan Heavy Industries & Construction, Bharat Heavy Electricals Limited (BHEL), Mitsubishi Hitachi Power Systems, Siemens AG, IHI Corporation, Thermax Ltd.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Technology, Fuel Type, Input Capacity, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Babcock & Wilcox, AMEC Foster Wheeler, Dongfang Electric, General Electric, Doosan Heavy Industries & Construction, BHEL, Mitsubishi Hitachi Power Systems, Siemens, IHI Corporation and Thermax
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Power Plant Boiler Market to Reach US$ 28.5 Billion by 2032, Impelled by Escalating Energy Demand
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More