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Power boiler Market Research Report Information Report by Type (Pulverized Fuel, Circulation Fluidized Bed, & Others) by Technology (Supercritical, Subcritical, & Ultra-supercritical) by Fuel Type (Coal, Gas & oil) and by Region - Global Forecast to 2030


ID: MRFR/E&P/1263-HCR | 100 Pages | Author: Chitranshi Jaiswal| April 2024

Power Boilers Market Scenario


Power boilers market is expected to register a CAGR of about 4.0% through 2022-2030.


Power Boiler is basically a closed vessel into which water is heated until the water is converted to steam. The steam produced by the power boiler, transferred through piping to number of applications. In developing countries, due to rapid industrialization & urbanization, demand for the power is increases considerably. To meet this demand, government is heavily investing in new power plants which will drive the Power Boilers Industry. In developed countries, government is constructing the power plants using cleaner energy such as biomass power, biogas which is another driving factor for the market.


Key Players


The leading players in the Power boilers markets are Siemens AG, Babcock & Wilcox, Mitsubishi Hitachi Power System, AMEC Foster Wheeler, Thermax Ltd, Harbin Electric, Hangzhou Boiler Group, and Alstom.


Study Objectives of Power boilers Market



  • To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Global Market

  • To provide insights about factors affecting the market growth

  • To Analyze the Global Power boilers Industry based on various factors such as supply chain analysis, and Porter‚Äôs five force analysis

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segments by Type, by Technology, and by Fuel Type.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Power boilers Market


Market Segmentation



Market Segmentation Powe boilers marketRegional Analysis of Power boilers


Asia-Pacific region is a major contributor to the market because rapid industrialization in countries like China, India increases the demand for Power boiler. It is expected to grow at high rate and retain its majority by 2022. North America & Europe Power Boilers market is expected to grow at a decent rate. They are upgrading their existing power plants and setting up new cleaner fuel burning power plants to get more efficiency.


Global Power boilers Market, By Region, 2030 (USD billion)


Global Power boiler Market, By Region, 2016 (USD billion)


Intended Audience



  • Power boilers manufacturers

  • Distributer & Supplier companies

  • Power sector consultants and Investment bankers

  • Energy & Power Associations

  • Government as well as Independent Regulatory Authorities


Geographic Analysis



  • Geographical analysis across 21 countries


The report covers brief analysis of country level market information ‚Äď


North America



  • U. S.

  • Canada

  • Mexico


South America



  • Brazil

  • Argentina

  • Rest Of South America


Europe



  • Germany

  • France

  • Italy

  • U. K.

  • Spain

  • Rest Of Europe


Asia‚ÄďPacific



  • China

  • India

  • Japan

  • Rest of Asia Pacific


Middle East & Africa



  • Saudi Arabia

  • UAE

  • Qatar

  • South Africa

  • Rest Of Middle East & Africa


The report for Global Power boilers Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Report Attribute/Metric Details
  Market Size   2030 : USD 34870.784 Mn
  CAGR   4.0% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Technology, Fuel Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Siemens AG, Babcock & Wilcox, Mitsubishi Hitachi Power System, AMEC Foster Wheeler, Thermax Ltd, Harbin Electric, Hangzhou Boiler Group, and Alstom
  Key Market Opportunities   Government is constructing the power plants using cleaner energy
  Key Market Drivers Rapid industrialization & urbanizatio Demand for the power is increases considerably


Frequently Asked Questions (FAQ) :

The global power boilers market is expected to record a substantial market valuation due to the increasing urbanization, demand for power, among others.

The global power boilers market is projected to register a moderate 4.0% CAGR in the forecast period.

The gas segment is slated to expand as the fastest-growing segment.

A few major market players operating in the global power boilers market are Siemens AG, Babcock & Wilcox, Mitsubishi Hitachi Power System, among others.

The pulverized fuel segment is slated to expand as the fastest-growing segment.

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