Utility Boiler Market Size, Trends, Shares, and Forecast - 2031
Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031Coverage: Utility Boiler Market covers analysis By Technology (Subcritical, Supercritical, Ultra-Supercritical); Fuel Type (Coal, Oil, Gas); Capacity (30-100 MW, 100-250 MW, 250-500 MW, >500 MW) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Sep 2025
- Report Code : TIPRE00027572
- Category : Manufacturing and Construction
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
MARKET INTRODUCTION
Boilers are closed vessels that convert fluid into vapour under high pressure through heating. Utility boiler is a device that burns any fuel and produces steam for the primary purpose of generating electricity. Utility boilers are used to cater the need to increasing electricity production around the globe.
MARKET SCOPE
The "Global Utility Boilers Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Utility Boilers Market with detailed market segmentation by technology, by fuel type, by capacity and by region. The Utility Boilers Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Utility Boilers Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Utility Boilers Market has been segmented by technology, fuel type and by capacity. The technology has been bifurcated into subcritical, supercritical and ultra-supercritical. By fuel type the market has been bifurcated into coal, oil and gas. By capacity the market has been bifurcated into 30-100 MW, 100-250 MW, 250-500 MW and >500 MW.
MARKET DYNAMICS
Growth Factors
Restraints
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Utility Boilers Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Utility Boilers Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Utility Boilers Market in these regions.
Impact of Covid-19 on Utility Boiler Market
The Covid-19 pandemic affected the global economy severely causing financial damage to each and every sector. The governments and regulatory bodies imposed a host of strict restrictions and mass lockdowns to curb the spread of the disease. The impact of the coronavirus has been felt across the globe, severely impacting businesses, industries, and people throughout the world. Despite these challenges, several boiler maintenance businesses have stayed open, and helped lead the way by issuing statements and protocols on COVID-19 and continuing to find ways to provide their services. COVID-19 adversely impacted the manufactures of boilers globally as the power industry due to the global shutdown and issues in the supply chain. With lower power demand, utilities are expected to make negligible investments in replacing ageing power infrastructure; additionally, major power projects are expected to be halted or delayed. The ease in the restrictions is expected to boost the Utility Boiler Market in the coming years.
MARKET PLAYERS
The report covers vital developments in the Utility Boilers Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Utility Boilers Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Utility Boilers Market. Below mentioned is the list of a few companies engaged in the Utility Boilers Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Utility Boilers Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Bharat Heavy Electricals Limited
- Thermax
- Babcock and Wilcox
- IHI
- Mitsubishi Hitachi Power Systems
- General Electric Company
- Larson & Toubro Limited
- Doosan Heavy Industries
- Siemens
- AMEC Foster Wheeler
Utility Boiler Report Scope
Report Attribute Details Market size in 2024 US$ XX Million Market Size by 2031 US$ XX Million Global CAGR (2025 - 2031) XX% Historical Data 2021-2023 Forecast period 2025-2031 Segments Covered By Technology - Subcritical
- Supercritical
- Ultra-Supercritical
- Coal
- Oil
- Gas
- 30-100 MW
- 100-250 MW
- 250-500 MW
- >500 MW
Regions and Countries Covered North America - US
- Canada
- Mexico
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Brazil
- Argentina
- Rest of South and Central America
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles - Bharat Heavy Electricals Limited
- Thermax
- Babcock and Wilcox
- IHI
- Mitsubishi Hitachi Power Systems
- General Electric Company
- Larson & Toubro Limited
- Doosan Heavy Industries
- Siemens
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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1.Bharat Heavy Electricals Limited
2.Thermax
3.Babcock and Wilcox
4.IHI
5.Mitsubishi Hitachi Power Systems
6.General Electric Company
7.Larson & Toubro Limited
8.Doosan Heavy Industries
9.Siemens
10.AMEC Foster Wheeler
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