Utility Boiler Market By Type (Pulverized Coal Towers, Circulating Fluidized Bed Boilers, Other Boilers), By Technology (Subcritical, Supercritical, Ultra-Supercritical, Others) By Capacity (<400 MW,400-800 MW,>=800 MW) By Fuel Type (Coal Based, Gas Based, Oil Based, Other Fuel Based) By Geography (Asia Pacific, North America, Europe, Middle East & Africa, South & Central America) - Forecast(2023 - 2028)

Report Code: EPR 0083 Report Format: PDF + Excel

Utility Boiler Market Overview:

The global Utility Boiler Market size was valued at,  US$1687 Million by 2030, growing at a compound annual growth rate (CAGR) of 2% from 2023 to 2030.

Utility boilers are those big, hulking machines that help generate electricity on a massive scale. They are the powerhouses of power plants, tirelessly burning fossil fuels - and sometimes biomass - to produce steam, which is then used to spin turbines and generate electricity. 

There are a few different flavors of utility boilers out there. We've got your traditional subcritical boilers, which operate at lower pressures and temperatures. Then we have supercritical boilers, which operate at higher pressures and temperatures. And finally, we have ultra-supercritical boilers, which are like the superheroes of the boiler world, operating at even higher pressures and temperatures for maximum efficiency.

Utility boilers find themselves in a wide range of applications. From power plants to industrial processes, they're basically the go-to guys when it comes to producing copious amounts of steam for a variety of purposes. Think of them as the workhorses behind the scenes, silently churning away to keep the lights on and the industrial wheels turning. 

Market Snapshot: 

Utility Boiler Market- Report Coverage:

The “Utility Boiler Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Utility boilers market.

Attribute

Segment

 By Type

  • Pulverized Coal Towers

  • Circulating Fluidized Bed Boilers

  • Other Boilers

 By Technology

  • Subcritical

  •  Supercritical

  • Ultra-Supercritical

  • Others

 By Capacity

  • <400 MW

  • 400-800 MW

  • >=800 MW

 By Fuel Type

  • Coal Based

  • Gas Based

  • Oil Based

  • Other Fuel Based

 

By Geography

  • Asia Pacific

  • North America

  • Europe

  • Middle East & Africa

  • South & Central America


Utility Boiler Market- Top Trends:

Increasing demand for clean and efficient energy: With the growing focus on reducing carbon emissions and advancing sustainability efforts, there is a rising demand for utility boilers that produce clean and efficient energy. This trend is driven by stricter regulations and the shift towards renewable and low-emission energy sources.

Adoption of advanced technologies: The utility boiler industry is embracing advanced technologies to enhance operational efficiency and reduce environmental impact. Technologies such as supercritical and ultra-supercritical boilers, as well as fluidized bed combustion systems, are gaining popularity for their increased efficiency and lower emissions.

Growing emphasis on flexibility and fuel diversity: As energy needs evolve, utility boilers are being designed to accommodate a wider range of fuel sources. This flexibility allows for the utilization of diverse fuel types, including natural gas, coal, biomass, and even hydrogen. This trend ensures stability in the energy supply chain and reduces dependence on a single fuel source.

Integration of digital solutions: Digitalization is transforming the utility boiler market by enabling real-time monitoring, predictive maintenance, and optimization of boiler operations. Integrated software solutions, advanced sensors, and data analytics are being deployed to enhance performance, improve safety, and reduce downtime.

Focus on waste heat recovery: Utility boilers are increasingly used for waste heat recovery, allowing industries to utilize excess heat generated during various processes. This trend not only improves overall energy efficiency but also reduces operational costs and environmental impact.

The Utility Boiler Market- Company Analysis

General Electric Company: General Electric Power is a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption.

Sumitomo Corp: Sumitomo Corporation is one of the largest worldwide sogo shosha general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group.

Mitsubishi Corp: Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses together with its offices and subsidiaries worldwide, as well as with its global network of around 1,700 group companies.MC has 10 Business Groups that operate across virtually every industry: Natural Gas, Industrial Materials, Chemicals Solution, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution and Urban Development.

Larsen & Toubro Limited: Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai. The company is counted among world's top five construction companies.

Doosan Corp: Doosan Group is a South Korean multinational conglomerate corporation. In 2009, the corporation was placed in the Fortune Global 500 index. It is the parent company of Bobcat and Škoda Power.

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Utility Boiler Market Report. The top 10 companies in this industry are listed below:

  1. General Electric Company
  2. Sumitomo Corp
  3. Mitsubishi Corp
  4. Larsen & Toubro Limited
  5. Doosan Corp
  6. Emerson Electric Co.
  7. IHI Corporation
  8. OJSC Power Machines
  9. The CMI Group
  10. Doosan Heavy Industries & Construction

Scope of Report: 

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023 – 2030

CAGR

2%

Market Size in 2030

1687 Million

Segments Covered

By Type, By Technology, By Capacity, By Fuel Type, By Geography


Geographies Covered

  • Asia Pacific

  • North America

  • Europe

  • Middle East & Africa

  • South & Central America




Key Market Players

  1. General Electric Company
  2. Sumitomo Corp
  3. Mitsubishi Corp
  4. Larsen & Toubro Limited
  5. Doosan Corp
  6. Emerson Electric Co.
  7. IHI Corporation
  8. OJSC Power Machines
  9. The CMI Group
  10. Doosan Heavy Industries & Construction


For more Energy and Power Market reports, please click here
1. Utility Boiler Market- Overview
    1.1 Definitions and Scope
2. Utility Boiler Market - Executive Summary
3. Utility Boiler Market- Comparative Analysis
    3.1 Company Benchmarking - Key Companies
    3.2 Global Financial Analysis - Key Companies
    3.3 Market Share Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Utility Boiler Market- Start-up Companies Scenario (Premium)
    4.1 Key Start-up Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Utility Boiler Market– Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Utility Boiler Market- Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Challenges
    6.4 Porter's Five Force Model
        6.4.1 Bargaining Power of Suppliers
        6.4.2 Bargaining Powers of Customers
        6.4.3 Threat of New Entrants
        6.4.4 Rivalry Among Existing Players
        6.4.5 Threat of Substitutes
7. Utility Boiler Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Utility Boiler Market– By Type
    8.1 Pulverized Coal Towers
        8.1.1 Market Trends by Region
        8.1.2 Market Share & Forecast by Region
    8.2 Circulating Fluidized Bed Boilers
        8.2.1 Market Trends by Region
        8.2.2 Market Share & Forecast by Region
    8.3 Other Boilers
        8.3.1 Market Trends by Region
        8.3.2 Market Share & Forecast by Region
9. Utility Boiler Market–  By Technology
    9.1 Subcritical
        9.1.1 Market Trends by Region
        9.1.2 Market Share & Forecast by Region
    9.2 Supercritical
        9.2.1 Market Trends by Region
        9.2.2 Market Share & Forecast by Region
    9.3 Ultra-Supercritical
        9.3.1 Market Trends by Region
        9.3.2 Market Share & Forecast by Region
    9.4 Others
        9.4.1 Market Trends by Region
        9.4.2 Market Share & Forecast by Region
10. Utility Boiler Market– By Capacity (Market Size – $Million/$Billion) 
    10.1 <400 MW
        10.1.1 Market Trends by Region
        10.1.2 Market Share & Forecast by Region
    10.2 400-800 MW
        10.2.1 Market Trends by Region
        10.2.2 Market Share & Forecast by Region
    10.3 >=800 MW
        10.3.1 Market Trends by Region
        10.3.2 Market Share & Forecast by Region
11. Utility Boiler Market-by Fuel Type (Market Size – $Million/$Billion)
    11.1 Coal Based
        11.1.1 Market Trends by Region
        11.1.2 Market Share & Forecast by Region
    11.2 Gas Based
        11.2.1 Market Trends by Region
        11.2.2 Market Share & Forecast by Region
    11.3 Oil Based
        11.3.1 Market Trends by Region
        11.3.2 Market Share & Forecast by Region
    11.4 Other Fuel Based
        11.4.1 Market Trends by Region
        11.4.2 Market Share & Forecast by Region
12. Utility Boiler Market– by Geography (Market Size – $Million/$Billion) 
    12.1 North America
        12.1.1 The U.S.
        12.1.2 Canada
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Utility Boiler Market– Entropy
14. Utility Boiler Market– Industry/Segment Competition Landscape Premium 
    14.1 Market Share Analysis
        14.1.1 Market Share by Product Type – Key Companies
        14.1.2 Market Share by Region – Key Companies
        14.1.3 Market Share by Country – Key Companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Utility Boiler Market– Key Company List by Country Premium Premium 
16. Utility Boiler Market- Company Analysis
    16.1 SteamMaster 
    16.2 BoilerPro 
    16.3 PowerHeat 
    16.4 HeatWave 
    16.5 EnergyBlaze 
    16.6 TurboFire 
    16.7 BoilerTech 
    16.8 HeatHaven 
    16.9 MegaSteam 
    16.10 TurboTherm
    16.11 General Electric Company
    16.12 Sumitomo Corp
    16.13 Mitsubishi Corp
    16.14 Larsen & Toubro Limited
    16.15 Doosan Corp
    16.16 Emerson Electric Co.
    16.17 IHI Corporation
    16.18 OJSC Power Machines
    16.19 Babcock and Wilcox Enterprises, Inc
    16.20 The CMI Group

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The Utility Boiler Market is projected to grow at 2% CAGR during the forecast period 2023-2030.

Utility Boiler Market size is projected to reach US$ 1687 Million by 2030

The leading players in the Utility Boiler Market are General Electric Company, Sumitomo Corp, Mitsubishi Corp, Larsen & Toubro Limited, Doosan Corp, Emerson Electric Co., IHI Corporation, OJSC Power Machines, The CMI Group, Doosan Heavy Industries & Construction