Utility Boiler Market Trends, Opportunities, and Forecast by 2031

Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031

Coverage: 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 Code : TIPRE00027572
Category : Manufacturing and Construction

No. of Pages : 150

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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

Increase in need of reliable electric supply in growing nations

Low Maintenance costs

Growth in Industrialization
Restraints

Stringent government laws to control emissions

Decline in use of coal fired boilers

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 By Fuel Type Coal Oil Gas By Capacity 30-100 MW 100-250 MW 250-500 MW >500 MW
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa 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