Top Power Plant Boiler Companies

Global Power Plant Boiler Market size was valued at USD 57.96 Billion in 2024 and is poised to grow from USD 68.27 Billion in 2025 to USD 253.17 Billion by 2033, growing at a CAGR of 17.8% during the forecast period (2026–2033).

Power plant boiler providers should focus on improving the efficiency of their offerings and reduce emissions to comply with modern environmental mandates. Use of cleaner fuels to operate power plant boilers is also slated to be a major opportunity for companies looking to make a mark in the long run. Targeting developing countries such as India, China, and Brazil is slated to be a key strategy for all companies as per this global power plant boiler market forecast. 'General Electric (USA) ', 'Babcock & Wilcox Enterprises (USA) ', 'Siemens AG (Germany) ', 'Doosan Heavy Industries & Construction (South Korea) ', 'Dongfang Electric Corporation Limited (China) ', 'IHI Corporation (Japan) ', 'John Wood Group PLC (UK) ', 'Bharat Heavy Electricals Limited (BHEL) (India) ', 'Thermax Limited (India) ', 'Andritz AG (Austria) ', 'Sumitomo Heavy Industries, Ltd. (Japan) ', 'Harbin Electric Company Limited (China) ', 'Alfa Laval AB (Sweden) ', 'Cleaver-Brooks, Inc. (USA) ', 'Sofinter S.p.A. (Italy) ', 'Byworth Boilers Ltd. (UK) ', 'Robert Bosch GmbH (Bosch) (Germany) ', 'Foster Wheeler (Part of Wood Group) (UK) ', 'Kawasaki Heavy Industries, Ltd. (Japan)'

Rapidly increasing urbanization and industrialization are slated to primarily augment the demand for electricity on a global level. Growing investments in the development of new energy generation plants around the world to meet this surging electricity demand by governments and private organizations is estimated to favor the global power plant boiler market outlook in the long run.

Integration of Smart Monitoring Systems: Power plant boiler companies can focus on integration of Internet of Things (IoT), artificial intelligence (AI), and machine learning technologies to stand out from the competition. Use of smart sensors can help in reducing downtime and improving efficiency for power plant boilers thereby making this an indispensable power plant boiler market trend for the future.

The Asia Pacific region is slated to account for more than half of the global power plant boiler market share in the future. Rapidly surging demand for energy on the back of growing industrialization and urbanization as Asian countries try to boost economic growth are making this a highly rewarding region. Surging investments in infrastructure development and efforts to improve energy security are also forecasted to cement the dominance of this region.