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Market Research Report

Global Power Boiler Market Insights, Size, and Forecast By Application (Electricity Generation, Industrial Heating, Process Steam), By Design Type (Fire-tube, Water-tube, Supercritical, Ultra-supercritical), By Fuel Type (Natural Gas, Coal, Biomass, Oil), By End Use (Power Plants, Manufacturing Facilities, Refineries), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035

Report ID:39306
Published Date:Jan 2026
No. of Pages:221
Base Year for Estimate:2025
Format:
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Key Market Insights

Global Power Boiler Market is projected to grow from USD 21.8 Billion in 2025 to USD 30.5 Billion by 2035, reflecting a compound annual growth rate of 4.6% from 2026 through 2035. This market encompasses the design, manufacturing, installation, and maintenance of boilers used in power generation applications, converting fuel energy into steam to drive turbines. Key drivers for market expansion include the increasing global demand for electricity, particularly in developing economies, coupled with significant investments in new power plant infrastructure and the modernization of existing facilities. The growing adoption of industrial steam and heat for various manufacturing processes also fuels demand. Furthermore, the rising focus on energy efficiency and the need for reliable power supply contribute significantly to market growth. However, stringent environmental regulations regarding emissions, particularly from fossil fuel burning, pose a considerable restraint. The high capital investment required for new power boiler installations and the operational complexities associated with advanced boiler technologies also present challenges.

Global Power Boiler Market Value (USD Billion) Analysis, 2025-2035

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4.6%
CAGR from
2025 - 2035
Source:
www.makdatainsights.com

A significant trend shaping the market is the accelerating shift towards cleaner energy sources and the development of more efficient, lower-emission boiler technologies. This includes advancements in fluidized bed combustion, supercritical and ultra-supercritical boilers, and the integration of carbon capture technologies. The market is also witnessing an increased demand for biomass and waste-to-energy boilers as part of the broader sustainable energy transition. Digitalization and automation are transforming the operational landscape, with smart boilers offering enhanced monitoring, predictive maintenance, and optimized performance. Opportunities lie in the continued development and deployment of advanced combustion technologies, the retrofit and upgrade market for aging power plants, and the expanding industrial sector in emerging economies. The growing interest in small modular reactors (SMRs) could also open new avenues for specialized boiler designs in the long term.

Asia Pacific stands out as the dominant region in the global power boiler market. This dominance is primarily driven by rapid industrialization, burgeoning populations, and substantial investments in power generation capacity expansions, particularly in countries like China and India, to meet their escalating energy demands. The region also exhibits the fastest growth due to the ongoing construction of numerous new power plants, fueled by robust economic development and governmental initiatives to enhance energy security and access. Key players such as Valmet, Doosan Heavy Industries & Construction, Thermax, Bosch, Severstal, Harbin Electric Corporation, Mitsubishi Power, General Electric, MAN Energy Solutions, and Siemens are actively engaged in strategic collaborations, mergers and acquisitions, and product innovation to strengthen their market positions. Their strategies focus on developing highly efficient and environmentally compliant boiler systems, expanding their service networks, and leveraging their expertise in large-scale power projects to capture new opportunities across various fuel types and applications.

Quick Stats

  • Market Size (2025):

    USD 21.8 Billion

  • Projected Market Size (2035):

    USD 30.5 Billion

  • Leading Segment:

    Coal (41.2% Share)

  • Dominant Region (2025):

    Asia Pacific (45.2% Share)

  • CAGR (2026-2035):

    4.6%

What is Power Boiler?

A power boiler is a specialized pressure vessel designed to generate high-pressure steam by heating water. It combusts fuel, typically coal, oil, natural gas, or biomass, within a furnace, transferring heat through tube bundles immersed in water. The resulting superheated steam then drives turbines to produce electricity in power plants or provides process heat for industrial applications like chemical manufacturing or refining. Its core function is efficient energy conversion from fuel to usable thermal energy, critical for large-scale power generation and various heavy industries, making it a foundational component of modern infrastructure.

What are the Trends in Global Power Boiler Market

  • Decarbonization Drives Boiler Retrofits

  • Hydrogen Fuel Integration Boilers

  • AI Predictive Maintenance Boilers

  • Small Modular Reactor Boiler Synergy

Decarbonization Drives Boiler Retrofits

Decarbonization efforts are compelling power producers to retrofit existing boilers. This involves integrating technologies like carbon capture, fuel switching to low carbon options such as hydrogen or biomass, and improving energy efficiency. The trend aims to reduce greenhouse gas emissions and meet stringent environmental regulations, transforming the global power boiler landscape towards a sustainable future.

Hydrogen Fuel Integration Boilers

Hydrogen fuel integration in boilers addresses decarbonization goals within the power sector. This trend involves retrofitting existing boilers or designing new ones to combust hydrogen or hydrogen blends with natural gas. It optimizes energy efficiency while significantly reducing carbon emissions, aligning with global sustainability initiatives. Demand is growing for such adaptable and environmentally conscious power generation solutions as stricter emissions regulations are implemented worldwide.

AI Predictive Maintenance Boilers

AI predictive maintenance for boilers is a growing trend. It leverages artificial intelligence to analyze data from sensors on boilers, predicting potential failures before they occur. This proactive approach minimizes downtime, optimizes performance, and extends the lifespan of critical power generation equipment. It enhances safety and operational efficiency significantly across the global market.

Small Modular Reactor Boiler Synergy

Small modular reactors drive demand for specialized power boilers. This synergy focuses on compact, flexible, and often factory fabricated boiler solutions optimized for distributed generation and industrial applications. These boilers must integrate seamlessly with reactor designs, emphasizing safety, efficiency, and rapid deployment for diverse global energy needs, shifting from traditional large-scale power generation infrastructure.

What are the Key Drivers Shaping the Global Power Boiler Market

  • Stringent Emission Regulations & Decarbonization Push

  • Rapid Industrialization & Energy Demand Growth in Emerging Economies

  • Advancements in Boiler Efficiency & Smart Technologies

  • Replacement & Modernization of Aging Power Plant Infrastructure

Stringent Emission Regulations & Decarbonization Push

Stricter global rules for cleaner air and the urgent need to reduce carbon emissions are compelling power generators to invest in advanced boiler technologies. This regulatory pressure drives demand for efficient boilers that meet stringent environmental standards and support the transition to lower carbon energy systems, fueling market growth.

Rapid Industrialization & Energy Demand Growth in Emerging Economies

Emerging economies are experiencing swift industrial expansion fueled by rising populations and manufacturing needs. This rapid growth significantly boosts their energy consumption, primarily met by thermal power plants. To support this escalating demand, these nations are investing heavily in new power generation capacity and upgrading existing facilities, directly driving the global power boiler market.

Advancements in Boiler Efficiency & Smart Technologies

Boiler manufacturers are innovating to improve energy consumption and reduce emissions. Integrating AI and IoT offers predictive maintenance, remote monitoring, and optimized fuel usage, enhancing operational reliability. These technological advancements drive demand for new, more efficient boiler systems globally as industries seek cost savings and environmental compliance.

Replacement & Modernization of Aging Power Plant Infrastructure

Aging power plants globally require significant upgrades to maintain reliable electricity supply. Outdated boilers are being replaced with modern, efficient, and often cleaner combustion technologies to improve performance, reduce emissions, and extend operational lifespans. This crucial infrastructure overhaul fuels demand for advanced power boilers, driving market expansion as countries prioritize grid stability and environmental responsibility.

Global Power Boiler Market Restraints

Stringent Environmental Regulations and Emission Standards

Strict environmental regulations and emission standards hinder the global power boiler market. Manufacturers face increased costs for compliance, investing in advanced technologies to reduce pollutants like NOx and SOx. This pressure drives up production expenses and restricts the use of certain fuels, posing a significant challenge for companies striving to meet rigorous global environmental targets while maintaining profitability and competitiveness.

High Capital Investment and Long Payback Periods

Developing advanced power boilers demands significant upfront capital for design, specialized materials, and manufacturing facilities. This substantial investment is often tied to projects with extended completion timelines and many years before the initial outlay is recouped. The prolonged period to achieve profitability, coupled with the immense initial financial commitment, deters new entrants and can limit expansion for existing players. Such inherent financial characteristics make the market less agile and highly sensitive to economic fluctuations.

Global Power Boiler Market Opportunities

Decarbonization & Energy Transition: Market for Flexible and Low-Emission Power Boilers

The global imperative for decarbonization and sustainable energy transition presents a substantial opportunity for power boiler manufacturers. As industries and grids increasingly integrate diverse renewable energy sources, there is robust demand for flexible and low emission power boilers. These advanced systems are crucial for ensuring reliable energy supply while drastically reducing carbon footprints. This urgent environmental and economic imperative drives significant market growth, particularly in rapidly developing regions, creating a strong market for boilers that facilitate a truly sustainable and efficient global energy future.

Aging Infrastructure & Efficiency Mandates: Power Boiler Retrofit and Modernization Opportunities

Aging global power boiler infrastructure demands significant upgrades. Strict efficiency mandates and environmental regulations compel operators to modernize existing assets. This creates a prime opportunity for retrofitting outdated boilers with advanced technologies. Modernization projects enhance energy efficiency, reduce emissions, extend operational lifespans, and improve reliability. Companies providing solutions for performance optimization and compliance with evolving standards will capitalize on this increasing demand for sustainable and more efficient power generation worldwide.

Global Power Boiler Market Segmentation Analysis

Key Market Segments

By Application

  • •Electricity Generation
  • •Industrial Heating
  • •Process Steam

By Fuel Type

  • •Natural Gas
  • •Coal
  • •Biomass
  • •Oil

By Design Type

  • •Fire-tube
  • •Water-tube
  • •Supercritical
  • •Ultra-supercritical

By End Use

  • •Power Plants
  • •Manufacturing Facilities
  • •Refineries

Segment Share By Application

Share, By Application, 2025 (%)

  • Electricity Generation
  • Industrial Heating
  • Process Steam
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$21.8BGlobal Market Size, 2025
Source:
www.makdatainsights.com

Why is Coal the leading segment by Fuel Type in the Global Power Boiler Market?

Coal maintains its dominant position, accounting for a substantial 41.2 percent share, primarily due to its widespread availability and established infrastructure in many regions globally. Its cost effectiveness as a primary fuel for large scale electricity generation, especially in rapidly industrializing economies, continues to drive demand. This preference extends across various end use sectors, particularly power plants, which rely on coal fired boilers to meet consistent energy requirements despite ongoing shifts towards cleaner energy.

Which application segment predominantly influences the demand for power boilers?

Electricity Generation is the most influential application segment, serving as the primary driver for power boiler demand. The continuous need for reliable and extensive power supply globally necessitates the deployment of robust boiler systems capable of generating steam to drive turbines. This application often involves large capacity water tube, supercritical, and ultra supercritical designs, catering to the significant energy requirements of utilities and large scale industrial operations where stable power is crucial.

How do End Use and Design Type segments align in the Global Power Boiler Market?

The End Use segment of Power Plants strongly aligns with advanced Design Types such as supercritical and ultra supercritical boilers. Power Plants, requiring maximum efficiency for large scale electricity generation, heavily invest in these high pressure, high temperature boiler designs to optimize fuel consumption and minimize emissions per unit of power produced. This focus contrasts with manufacturing facilities or refineries that might also utilize water tube boilers, but often with less emphasis on ultra high efficiency, depending on their specific process steam or heating needs.

What Regulatory and Policy Factors Shape the Global Power Boiler Market

Global power boiler markets navigate a complex regulatory landscape driven by decarbonization, safety, and efficiency goals. Environmental policies universally impose stricter limits on NOx, SOx, and particulate matter emissions, necessitating advanced combustion and flue gas treatment systems. Carbon reduction targets are accelerating the transition from coal to natural gas, biomass, and hydrogen compatible boilers, alongside increasing demand for carbon capture readiness. Efficiency mandates push for innovative designs and waste heat recovery. Stringent safety standards, including ASME and EN codes, dictate design, manufacturing, and operational protocols. Renewable energy integration policies also influence boiler demand and specifications. Regulatory divergence across regions necessitates tailored compliance strategies.

What New Technologies are Shaping Global Power Boiler Market?

Global power boiler innovations prioritize efficiency and decarbonization strategies. Emerging technologies feature advanced materials for superior heat transfer and enhanced durability. Digitalization, utilizing IoT sensors and AI driven predictive maintenance, is optimizing operations and reducing downtime. The transition to sustainable energy sources drives development of hydrogen capable boilers and advanced biomass combustion systems. Carbon capture integration remains a critical area for existing thermal plants. Small Modular Reactor technology is also significantly impacting future boiler designs for cleaner steam generation. These advancements collectively aim to improve reliability, reduce emissions, and enhance operational flexibility within the evolving energy sector.

Global Power Boiler Market Regional Analysis

Global Power Boiler Market

Trends, by Region

Largest Market
Fastest Growing Market
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45.2%

Asia-Pacific Market
Revenue Share, 2025

Source:
www.makdatainsights.com

North America, driven by the US and Canada, exhibits a mature but stable power boiler market. Stringent emission regulations, particularly in coal-fired plants, fuel demand for supercritical and ultra-supercritical boilers and retrofits. The shift towards natural gas and renewables has dampened new large-scale thermal plant construction, impacting large industrial boiler sales. However, the burgeoning industrial sector (chemical, refining, food & beverage) sustains a steady demand for smaller to medium-sized industrial boilers for process heat and power. Lifecycle services, maintenance, and upgrades also form a significant market segment as the existing fleet ages. Regulatory compliance and energy efficiency are key market drivers.

Europe, a mature yet significant market, is driven by stringent environmental regulations and the ongoing energy transition. Germany leads, focusing on efficiency and emission reduction, while the UK and France are actively modernizing their fleets, often through conversions to biomass or waste-to-energy. Eastern European countries present growth opportunities as they upgrade aging infrastructure and increasingly adopt modern, more efficient boiler technologies. The region prioritizes customization, digital solutions, and reduced carbon footprints, favoring advanced combustion and heat recovery systems. Industrial demand, particularly from chemicals and food & beverage sectors, remains a key segment.

The Asia Pacific region dominates the global power boiler market with a substantial 45.2% share, driven by rapid industrialization and escalating energy demands. It is also the fastest-growing region, projected to expand at an impressive CAGR of 6.8%. This growth is primarily fueled by extensive investments in new power generation capacity, particularly in emerging economies like China, India, and Southeast Asian nations. Increasing urbanization and a strong focus on infrastructure development further contribute to the expanding market. The shift towards more efficient and environmentally friendly boiler technologies to meet stringent emission regulations also presents significant opportunities for market participants in the region.

Latin America's power boiler market, while smaller than developed regions, demonstrates significant potential. Brazil, Mexico, and Argentina lead the demand, driven by industrial expansion, particularly in mining, petrochemicals, and food & beverage. Aging infrastructure fuels retrofits and upgrades, while new investments in renewable energy, though less boiler-intensive, still require auxiliary steam generation. Local manufacturing exists but imports, particularly from Asia, are competitive. Regulatory frameworks around emissions and energy efficiency are tightening, pushing demand for more advanced, cleaner boiler technologies. Political stability and economic growth remain key drivers for future market expansion.

The Middle East & Africa power boiler market is poised for significant growth, driven by industrialization and expanding energy demand. South Africa leads with substantial installed capacity and planned new builds, particularly for coal-fired power plants despite environmental concerns. Saudi Arabia and UAE exhibit strong demand from industrial sectors like petrochemicals and district heating, fueled by economic diversification. Nigeria's growing population and infrastructure development projects create opportunities, especially for smaller-capacity boilers. Challenges include political instability in some regions and the increasing adoption of renewables impacting thermal power expansion, yet industrial process heat remains a key driver across the region.

Top Countries Overview

The United States significantly influences the global power boiler market through technological innovation and stringent environmental regulations. Its market is robust, driven by industrial expansion and energy demands. US firms are key players, exporting advanced systems and dominating the high-efficiency boiler segment globally.

China dominates the global power boiler market. Its manufacturers offer competitive pricing and advanced technology, particularly for large scale projects. Chinese companies are expanding their global reach and influencing market trends through exports and partnerships, solidifying their leading position in this crucial energy sector.

India's global power boiler market role is expanding. Domestic manufacturing and export focus are key drivers. Policy support for local production boosts competitiveness. Collaboration with international players enhances technology and market reach. India is emerging as a significant force in the global power boiler industry.

Impact of Geopolitical and Macroeconomic Factors

Geopolitical shifts toward energy independence and decarbonization significantly impact the power boiler market. Nations prioritizing domestic renewable energy sources may reduce coal fired boiler investments, while others facing energy insecurity could accelerate traditional fossil fuel projects. Trade wars and supply chain disruptions for critical materials like steel and specialized alloys escalate manufacturing costs and lead times.

Macroeconomic factors, including inflation and interest rates, directly influence capital expenditures for power plant upgrades or new construction. High energy prices boost demand for efficient boilers and potentially new generation capacity. Economic growth in developing nations fuels industrialization and grid expansion, driving demand for diverse boiler technologies, but currency fluctuations pose investment risks.

Recent Developments

  • March 2025

    Mitsubishi Power announced a strategic partnership with a leading renewable energy developer to integrate advanced boiler technology with hybrid power solutions. This collaboration aims to develop high-efficiency, low-emission power plants that can seamlessly switch between conventional and renewable fuel sources.

  • February 2025

    Valmet launched a new series of biomass-fired power boilers designed for enhanced fuel flexibility and reduced emissions. These boilers incorporate advanced combustion technology, allowing for efficient use of diverse biomass types while meeting stringent environmental regulations.

  • January 2025

    General Electric completed the acquisition of a specialized industrial boiler manufacturer to expand its offerings in the distributed power generation market. This acquisition strengthens GE's portfolio with smaller, modular boiler solutions catering to industrial clients seeking decentralized energy solutions.

  • April 2025

    Doosan Heavy Industries & Construction unveiled a new ultra-supercritical boiler design aimed at maximizing efficiency for coal-fired power plants. This innovative design leverages advanced materials and optimized heat transfer mechanisms to achieve higher steam temperatures and pressures, leading to significant fuel savings.

  • May 2025

    Thermax announced a strategic initiative to invest heavily in R&D for carbon capture-ready boiler technologies. This move reflects the growing demand for future-proof power generation solutions that can seamlessly integrate with carbon capture and storage (CCS) systems.

Key Players Analysis

Valmet and Doosan lead the Global Power Boiler Market, leveraging advanced combustion technologies and digital solutions for improved efficiency and reduced emissions. Thermax and Bosch specialize in compact, high-performance boilers for industrial applications, focusing on energy recovery systems. Mitsubishi Power, General Electric, and Siemens dominate the large-scale utility market with state-of-the-art supercritical and ultra-supercritical boilers. Harbin Electric Corporation and Severstal cater to emerging economies, emphasizing cost-effectiveness and localized manufacturing. MAN Energy Solutions focuses on specialized boilers for marine and waste-to-energy sectors. Strategic initiatives include expanding into renewable energy integration and carbon capture technologies. Market growth is driven by industrialization, infrastructure development, and increasing demand for cleaner energy.

List of Key Companies:

  1. Valmet
  2. Doosan Heavy Industries & Construction
  3. Thermax
  4. Bosch
  5. Severstal
  6. Harbin Electric Corporation
  7. Mitsubishi Power
  8. General Electric
  9. MAN Energy Solutions
  10. Siemens
  11. Babcock & Wilcox
  12. Toshiba
  13. IHI Corporation
  14. Burns & McDonnell
  15. Alstom
  16. Foster Wheeler

Report Scope and Segmentation

Report ComponentDescription
Market Size (2025)USD 21.8 Billion
Forecast Value (2035)USD 30.5 Billion
CAGR (2026-2035)4.6%
Base Year2025
Historical Period2020-2025
Forecast Period2026-2035
Segments Covered
  • By Application:
    • •Electricity Generation
    • •Industrial Heating
    • •Process Steam
  • By Fuel Type:
    • •Natural Gas
    • •Coal
    • •Biomass
    • •Oil
  • By Design Type:
    • •Fire-tube
    • •Water-tube
    • •Supercritical
    • •Ultra-supercritical
  • By End Use:
    • •Power Plants
    • •Manufacturing Facilities
    • •Refineries
Regional Analysis
  • North America
  • • United States
  • • Canada
  • Europe
  • • Germany
  • • France
  • • United Kingdom
  • • Spain
  • • Italy
  • • Russia
  • • Rest of Europe
  • Asia-Pacific
  • • China
  • • India
  • • Japan
  • • South Korea
  • • New Zealand
  • • Singapore
  • • Vietnam
  • • Indonesia
  • • Rest of Asia-Pacific
  • Latin America
  • • Brazil
  • • Mexico
  • • Rest of Latin America
  • Middle East and Africa
  • • South Africa
  • • Saudi Arabia
  • • UAE
  • • Rest of Middle East and Africa

Table of Contents:

1. Introduction
1.1. Objectives of Research
1.2. Market Definition
1.3. Market Scope
1.4. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Market Factor Analysis
4.1. Porter's Five Forces Model Analysis
4.1.1. Rivalry among Existing Competitors
4.1.2. Bargaining Power of Buyers
4.1.3. Bargaining Power of Suppliers
4.1.4. Threat of Substitute Products or Services
4.1.5. Threat of New Entrants
4.2. PESTEL Analysis
4.2.1. Political Factors
4.2.2. Economic & Social Factors
4.2.3. Technological Factors
4.2.4. Environmental Factors
4.2.5. Legal Factors
4.3. Supply and Value Chain Assessment
4.4. Regulatory and Policy Environment Review
4.5. Market Investment Attractiveness Index
4.6. Technological Innovation and Advancement Review
4.7. Impact of Geopolitical and Macroeconomic Factors
4.8. Trade Dynamics: Import-Export Assessment (Where Applicable)
5. Global Power Boiler Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
5.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
5.1.1. Electricity Generation
5.1.2. Industrial Heating
5.1.3. Process Steam
5.2. Market Analysis, Insights and Forecast, 2020-2035, By Fuel Type
5.2.1. Natural Gas
5.2.2. Coal
5.2.3. Biomass
5.2.4. Oil
5.3. Market Analysis, Insights and Forecast, 2020-2035, By Design Type
5.3.1. Fire-tube
5.3.2. Water-tube
5.3.3. Supercritical
5.3.4. Ultra-supercritical
5.4. Market Analysis, Insights and Forecast, 2020-2035, By End Use
5.4.1. Power Plants
5.4.2. Manufacturing Facilities
5.4.3. Refineries
5.5. Market Analysis, Insights and Forecast, 2020-2035, By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia-Pacific
5.5.4. Latin America
5.5.5. Middle East and Africa
6. North America Power Boiler Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
6.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
6.1.1. Electricity Generation
6.1.2. Industrial Heating
6.1.3. Process Steam
6.2. Market Analysis, Insights and Forecast, 2020-2035, By Fuel Type
6.2.1. Natural Gas
6.2.2. Coal
6.2.3. Biomass
6.2.4. Oil
6.3. Market Analysis, Insights and Forecast, 2020-2035, By Design Type
6.3.1. Fire-tube
6.3.2. Water-tube
6.3.3. Supercritical
6.3.4. Ultra-supercritical
6.4. Market Analysis, Insights and Forecast, 2020-2035, By End Use
6.4.1. Power Plants
6.4.2. Manufacturing Facilities
6.4.3. Refineries
6.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
6.5.1. United States
6.5.2. Canada
7. Europe Power Boiler Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
7.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
7.1.1. Electricity Generation
7.1.2. Industrial Heating
7.1.3. Process Steam
7.2. Market Analysis, Insights and Forecast, 2020-2035, By Fuel Type
7.2.1. Natural Gas
7.2.2. Coal
7.2.3. Biomass
7.2.4. Oil
7.3. Market Analysis, Insights and Forecast, 2020-2035, By Design Type
7.3.1. Fire-tube
7.3.2. Water-tube
7.3.3. Supercritical
7.3.4. Ultra-supercritical
7.4. Market Analysis, Insights and Forecast, 2020-2035, By End Use
7.4.1. Power Plants
7.4.2. Manufacturing Facilities
7.4.3. Refineries
7.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
7.5.1. Germany
7.5.2. France
7.5.3. United Kingdom
7.5.4. Spain
7.5.5. Italy
7.5.6. Russia
7.5.7. Rest of Europe
8. Asia-Pacific Power Boiler Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
8.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
8.1.1. Electricity Generation
8.1.2. Industrial Heating
8.1.3. Process Steam
8.2. Market Analysis, Insights and Forecast, 2020-2035, By Fuel Type
8.2.1. Natural Gas
8.2.2. Coal
8.2.3. Biomass
8.2.4. Oil
8.3. Market Analysis, Insights and Forecast, 2020-2035, By Design Type
8.3.1. Fire-tube
8.3.2. Water-tube
8.3.3. Supercritical
8.3.4. Ultra-supercritical
8.4. Market Analysis, Insights and Forecast, 2020-2035, By End Use
8.4.1. Power Plants
8.4.2. Manufacturing Facilities
8.4.3. Refineries
8.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
8.5.1. China
8.5.2. India
8.5.3. Japan
8.5.4. South Korea
8.5.5. New Zealand
8.5.6. Singapore
8.5.7. Vietnam
8.5.8. Indonesia
8.5.9. Rest of Asia-Pacific
9. Latin America Power Boiler Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
9.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
9.1.1. Electricity Generation
9.1.2. Industrial Heating
9.1.3. Process Steam
9.2. Market Analysis, Insights and Forecast, 2020-2035, By Fuel Type
9.2.1. Natural Gas
9.2.2. Coal
9.2.3. Biomass
9.2.4. Oil
9.3. Market Analysis, Insights and Forecast, 2020-2035, By Design Type
9.3.1. Fire-tube
9.3.2. Water-tube
9.3.3. Supercritical
9.3.4. Ultra-supercritical
9.4. Market Analysis, Insights and Forecast, 2020-2035, By End Use
9.4.1. Power Plants
9.4.2. Manufacturing Facilities
9.4.3. Refineries
9.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Latin America
10. Middle East and Africa Power Boiler Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
10.1. Market Analysis, Insights and Forecast, 2020-2035, By Application
10.1.1. Electricity Generation
10.1.2. Industrial Heating
10.1.3. Process Steam
10.2. Market Analysis, Insights and Forecast, 2020-2035, By Fuel Type
10.2.1. Natural Gas
10.2.2. Coal
10.2.3. Biomass
10.2.4. Oil
10.3. Market Analysis, Insights and Forecast, 2020-2035, By Design Type
10.3.1. Fire-tube
10.3.2. Water-tube
10.3.3. Supercritical
10.3.4. Ultra-supercritical
10.4. Market Analysis, Insights and Forecast, 2020-2035, By End Use
10.4.1. Power Plants
10.4.2. Manufacturing Facilities
10.4.3. Refineries
10.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
10.5.1. South Africa
10.5.2. Saudi Arabia
10.5.3. UAE
10.5.4. Rest of Middle East and Africa
11. Competitive Analysis and Company Profiles
11.1. Market Share of Key Players
11.1.1. Global Company Market Share
11.1.2. Regional/Sub-Regional Company Market Share
11.2. Company Profiles
11.2.1. Valmet
11.2.1.1. Business Overview
11.2.1.2. Products Offering
11.2.1.3. Financial Insights (Based on Availability)
11.2.1.4. Company Market Share Analysis
11.2.1.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.1.6. Strategy
11.2.1.7. SWOT Analysis
11.2.2. Doosan Heavy Industries & Construction
11.2.2.1. Business Overview
11.2.2.2. Products Offering
11.2.2.3. Financial Insights (Based on Availability)
11.2.2.4. Company Market Share Analysis
11.2.2.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.2.6. Strategy
11.2.2.7. SWOT Analysis
11.2.3. Thermax
11.2.3.1. Business Overview
11.2.3.2. Products Offering
11.2.3.3. Financial Insights (Based on Availability)
11.2.3.4. Company Market Share Analysis
11.2.3.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.3.6. Strategy
11.2.3.7. SWOT Analysis
11.2.4. Bosch
11.2.4.1. Business Overview
11.2.4.2. Products Offering
11.2.4.3. Financial Insights (Based on Availability)
11.2.4.4. Company Market Share Analysis
11.2.4.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.4.6. Strategy
11.2.4.7. SWOT Analysis
11.2.5. Severstal
11.2.5.1. Business Overview
11.2.5.2. Products Offering
11.2.5.3. Financial Insights (Based on Availability)
11.2.5.4. Company Market Share Analysis
11.2.5.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.5.6. Strategy
11.2.5.7. SWOT Analysis
11.2.6. Harbin Electric Corporation
11.2.6.1. Business Overview
11.2.6.2. Products Offering
11.2.6.3. Financial Insights (Based on Availability)
11.2.6.4. Company Market Share Analysis
11.2.6.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.6.6. Strategy
11.2.6.7. SWOT Analysis
11.2.7. Mitsubishi Power
11.2.7.1. Business Overview
11.2.7.2. Products Offering
11.2.7.3. Financial Insights (Based on Availability)
11.2.7.4. Company Market Share Analysis
11.2.7.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.7.6. Strategy
11.2.7.7. SWOT Analysis
11.2.8. General Electric
11.2.8.1. Business Overview
11.2.8.2. Products Offering
11.2.8.3. Financial Insights (Based on Availability)
11.2.8.4. Company Market Share Analysis
11.2.8.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.8.6. Strategy
11.2.8.7. SWOT Analysis
11.2.9. MAN Energy Solutions
11.2.9.1. Business Overview
11.2.9.2. Products Offering
11.2.9.3. Financial Insights (Based on Availability)
11.2.9.4. Company Market Share Analysis
11.2.9.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.9.6. Strategy
11.2.9.7. SWOT Analysis
11.2.10. Siemens
11.2.10.1. Business Overview
11.2.10.2. Products Offering
11.2.10.3. Financial Insights (Based on Availability)
11.2.10.4. Company Market Share Analysis
11.2.10.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.10.6. Strategy
11.2.10.7. SWOT Analysis
11.2.11. Babcock & Wilcox
11.2.11.1. Business Overview
11.2.11.2. Products Offering
11.2.11.3. Financial Insights (Based on Availability)
11.2.11.4. Company Market Share Analysis
11.2.11.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.11.6. Strategy
11.2.11.7. SWOT Analysis
11.2.12. Toshiba
11.2.12.1. Business Overview
11.2.12.2. Products Offering
11.2.12.3. Financial Insights (Based on Availability)
11.2.12.4. Company Market Share Analysis
11.2.12.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.12.6. Strategy
11.2.12.7. SWOT Analysis
11.2.13. IHI Corporation
11.2.13.1. Business Overview
11.2.13.2. Products Offering
11.2.13.3. Financial Insights (Based on Availability)
11.2.13.4. Company Market Share Analysis
11.2.13.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.13.6. Strategy
11.2.13.7. SWOT Analysis
11.2.14. Burns & McDonnell
11.2.14.1. Business Overview
11.2.14.2. Products Offering
11.2.14.3. Financial Insights (Based on Availability)
11.2.14.4. Company Market Share Analysis
11.2.14.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.14.6. Strategy
11.2.14.7. SWOT Analysis
11.2.15. Alstom
11.2.15.1. Business Overview
11.2.15.2. Products Offering
11.2.15.3. Financial Insights (Based on Availability)
11.2.15.4. Company Market Share Analysis
11.2.15.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.15.6. Strategy
11.2.15.7. SWOT Analysis
11.2.16. Foster Wheeler
11.2.16.1. Business Overview
11.2.16.2. Products Offering
11.2.16.3. Financial Insights (Based on Availability)
11.2.16.4. Company Market Share Analysis
11.2.16.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.16.6. Strategy
11.2.16.7. SWOT Analysis

List of Figures

List of Tables

Table 1: Global Power Boiler Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 2: Global Power Boiler Market Revenue (USD billion) Forecast, by Fuel Type, 2020-2035

Table 3: Global Power Boiler Market Revenue (USD billion) Forecast, by Design Type, 2020-2035

Table 4: Global Power Boiler Market Revenue (USD billion) Forecast, by End Use, 2020-2035

Table 5: Global Power Boiler Market Revenue (USD billion) Forecast, by Region, 2020-2035

Table 6: North America Power Boiler Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 7: North America Power Boiler Market Revenue (USD billion) Forecast, by Fuel Type, 2020-2035

Table 8: North America Power Boiler Market Revenue (USD billion) Forecast, by Design Type, 2020-2035

Table 9: North America Power Boiler Market Revenue (USD billion) Forecast, by End Use, 2020-2035

Table 10: North America Power Boiler Market Revenue (USD billion) Forecast, by Country, 2020-2035

Table 11: Europe Power Boiler Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 12: Europe Power Boiler Market Revenue (USD billion) Forecast, by Fuel Type, 2020-2035

Table 13: Europe Power Boiler Market Revenue (USD billion) Forecast, by Design Type, 2020-2035

Table 14: Europe Power Boiler Market Revenue (USD billion) Forecast, by End Use, 2020-2035

Table 15: Europe Power Boiler Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 16: Asia Pacific Power Boiler Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 17: Asia Pacific Power Boiler Market Revenue (USD billion) Forecast, by Fuel Type, 2020-2035

Table 18: Asia Pacific Power Boiler Market Revenue (USD billion) Forecast, by Design Type, 2020-2035

Table 19: Asia Pacific Power Boiler Market Revenue (USD billion) Forecast, by End Use, 2020-2035

Table 20: Asia Pacific Power Boiler Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 21: Latin America Power Boiler Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 22: Latin America Power Boiler Market Revenue (USD billion) Forecast, by Fuel Type, 2020-2035

Table 23: Latin America Power Boiler Market Revenue (USD billion) Forecast, by Design Type, 2020-2035

Table 24: Latin America Power Boiler Market Revenue (USD billion) Forecast, by End Use, 2020-2035

Table 25: Latin America Power Boiler Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 26: Middle East & Africa Power Boiler Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 27: Middle East & Africa Power Boiler Market Revenue (USD billion) Forecast, by Fuel Type, 2020-2035

Table 28: Middle East & Africa Power Boiler Market Revenue (USD billion) Forecast, by Design Type, 2020-2035

Table 29: Middle East & Africa Power Boiler Market Revenue (USD billion) Forecast, by End Use, 2020-2035

Table 30: Middle East & Africa Power Boiler Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

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