발전소용 보일러 시장 규모, 점유율, 성장 분석, 프로세스별, 기술별, 연료 유형별, 보일러 유형별, 용량별, 용도별, 지역별 - 산업 예측(2025-2032년)

Global Power Plant Boiler Market size was valued at USD 49.2 billion in 2023 and is poised to grow from USD 57.96 billion in 2024 to USD 214.92 billion by 2032, growing at a CAGR of 17.8% during the forecast period (2025-2032).

The global power plant boiler market is anticipated to experience significant growth driven by surging energy demand propelled by population growth, industrialization, and urbanization. Increased investment in renewable energy sources and stringent emissions regulations are set to further enhance market dynamics. Governments are likely to increase their energy generation capacities to support economic growth, further boosting demand for power plant boilers. Moreover, the expansion of cogeneration plants aimed at improving industrial efficiency will contribute positively to market prospects. However, challenges such as high initial installation and maintenance costs, the transition away from coal-based energy, environmental concerns related to air pollution, and disruptions in fuel supply chains may impede market growth. Overall, the outlook remains optimistic, with numerous drivers supporting the sector's advancement.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Power Plant Boiler market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Power Plant Boiler Market Segments Analysis

Global Power Plant Boiler Market is segmented by Process, Technology, Fuel Type, Boiler Type, Capacity, Application and region. Based on Process, the market is segmented into Pulverized fuel combustion, Fluidized bed combustion and Others. Based on Technology, the market is segmented into Subcritical, Supercritical and Ultra-critical. Based on Fuel Type, the market is segmented into Coal-fired boilers, Gas-fired boilers, Oil-fired boilers, Biomass-fired boilers and Waste-to-energy boilers. Based on Boiler Type, the market is segmented into Drum boilers, Once-through boilers, Circulating fluidized bed boilers, Bubbling fluidized bed boilers and Stoker-fired boilers. Based on Capacity, the market is segmented into Less than 100 MW, 100-500 MW, 500-1,000 MW, 1,000-2,000 MW and Over 2,000 MW. Based on Application, the market is segmented into Power generation, Industrial steam, District heating, Cogeneration and Waste-to-energy. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Power Plant Boiler Market

The global power plant boiler market is being significantly driven by the swift rise in urbanization and industrialization, which in turn is fueling the demand for electricity worldwide. As governments and private entities invest in the establishment of new energy generation facilities to keep pace with this escalating energy requirement, the market for power plant boilers is poised for substantial growth. This surge in energy infrastructure development reflects a broader commitment to addressing energy needs, ultimately enhancing the market's potential. The increased focus on sustainable energy solutions further supports the positive outlook for power plant boilers on a global scale.

Restraints in the Global Power Plant Boiler Market

The Global Power Plant Boiler market faces significant constraints due to the prevalent reliance on coal as a primary fuel source. Growing public awareness surrounding issues such as air pollution, climate change, and greenhouse gas emissions is influencing a shift in energy policies. As governments and policymakers increasingly hesitate to endorse fossil fuel-based power generation, the market for power plant boilers is likely to experience a downturn. This shift towards cleaner and more sustainable energy alternatives poses considerable challenges for traditional boiler manufacturers, as they must adapt to evolving regulatory frameworks and changing consumer preferences for greener solutions.

Market Trends of the Global Power Plant Boiler Market

The Global Power Plant Boiler market is increasingly witnessing the integration of smart monitoring systems, driven by advancements in Internet of Things (IoT), artificial intelligence (AI), and machine learning technologies. This trend aims to enhance operational efficiency and reduce downtime, as smart sensors facilitate real-time monitoring and predictive maintenance. As power plant boiler companies adopt these cutting-edge technologies, they gain a competitive edge by optimizing performance and minimizing operational costs. This growing emphasis on digital transformation not only ensures better resource management but also aligns with global sustainability goals, marking a significant shift in market dynamics and future growth opportunities within the sector.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Power Plant Boiler Market Size by Process & CAGR (2025-2032)

• Market Overview
• Pulverized fuel combustion
• Fluidized bed combustion
• Others

Global Power Plant Boiler Market Size by Technology & CAGR (2025-2032)

• Market Overview
• Subcritical
• Supercritical
• Ultra-critical

Global Power Plant Boiler Market Size by Fuel Type & CAGR (2025-2032)

• Market Overview
• Coal-fired boilers
• Gas-fired boilers
• Oil-fired boilers
• Biomass-fired boilers
• Waste-to-energy boilers

Global Power Plant Boiler Market Size by Boiler Type & CAGR (2025-2032)

• Market Overview
• Drum boilers
• Once-through boilers
• Circulating fluidized bed boilers
• Bubbling fluidized bed boilers
• Stoker-fired boilers

Global Power Plant Boiler Market Size by Capacity & CAGR (2025-2032)

• Market Overview
• Less than 100 MW
• 100-500 MW
• 500-1,000 MW
• 1,000-2,000 MW
• Over 2,000 MW

Global Power Plant Boiler Market Size by Application & CAGR (2025-2032)

• Market Overview
• Power generation
• Industrial steam
• District heating
• Cogeneration
• Waste-to-energy

Global Power Plant Boiler Market Size & CAGR (2025-2032)

• North America (Process, Technology, Fuel Type, Boiler Type, Capacity, Application)
  • US
  • Canada
• Europe (Process, Technology, Fuel Type, Boiler Type, Capacity, Application)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Process, Technology, Fuel Type, Boiler Type, Capacity, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Process, Technology, Fuel Type, Boiler Type, Capacity, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Process, Technology, Fuel Type, Boiler Type, Capacity, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• General Electric (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Babcock & Wilcox Enterprises (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Siemens AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Doosan Heavy Industries & Construction (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dongfang Electric Corporation Limited (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• IHI Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• John Wood Group PLC (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bharat Heavy Electricals Limited (BHEL) (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thermax Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Andritz AG (Austria)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sumitomo Heavy Industries, Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Harbin Electric Company Limited (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Alfa Laval AB (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cleaver-Brooks, Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sofinter S.p.A. (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Byworth Boilers Ltd. (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Robert Bosch GmbH (Bosch) (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Foster Wheeler (Part of Wood Group) (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kawasaki Heavy Industries, Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations