Waste Heat Boiler Market, By Temperature (Ultra-High, High, Medium), By Source (Gas Engine, Gas Turb

Published Date: | Report Code : EQ1947055

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The Waste Heat Boiler Market is expected to promise high growth owing to increasing awareness regarding the reduction of the carbon footprint in recent years. Increasing demand from end-use industries including power generation utilities, oil & gas, chemical, primary metals, non-metallic minerals is expected to drive the growth of waste heat boiler market. This market has witnessed a number of key developments by major companies including Thermax, General Electric, Siemens, CMI Group, Amec Foster Wheeler, and Nooter/Eriksen with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies. Several efforts are being taken to utilize the waste heat that is generated by several industrial operations. The energy which is lost in the waste heat is utilized by the waste heat boilers for heating water or the conversion of water to steam.

Segment Insights:

The waste heat boiler market is segmented on the basis of temperature, source, orientation, and end users. Based on the temperature, it is segmented to ultra-high, high and medium. The temperatures of these waste heat boilers range from 5720F to 11120F. By the source, they are divided into the gas engine, gas turbine, oil engine, incinerator, cement plant kiln, steel plant, and glass furnace. The source varies with the industry the boiler is being used in.  On the basis of the orientation, it is bifurcated into horizontal and vertical. Vertical waste heat boilers are more preferred as they have a lower cost of maintenance, lesser downtown, smaller footprint, and high water level tolerance.

Based on the end users, the division is as power generation utilities, oil & gas, chemical, primary metals, non-metallic minerals. Due to the energy efficiency standards and regulations for the reduction of CO2 emissions in the heavy industries, there is a high demand for waste heat boilers in many of the end-use industries, especially in developing countries in the APAC region.

Key Factors Impacting Market Growth:

  • Increasing awareness regarding the reduction of the carbon footprint
  • Reduction in the usage of fossil fuels
  • High installation costs can hinder the growth

Regional Analysis:

Major regions for waste heat boiler market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for waste heat boiler owing to the strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be end-use industries including power generation utilities, oil & gas, chemical, primary metals, non-metallic mineral. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the waste heat boiler market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

The Asia Pacific and the Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these end-use industries including power generation utilities, oil & gas, chemical, primary metals, non-metallic minerals are estimated to register high demand for waste heat boiler market during the forecast period. On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the personal waste heat boiler market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the waste heat boiler market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: Thermax, General Electric, Siemens, CMI Group, Amec Foster Wheeler, and Nooter/Eriksen

Market Segmentation:

By Temperature:

  • Ultra-High
  • High
  • Medium 

By Source:

  • Gas Engine
  • Gas Turbine
  • Oil Engine
  • Incinerator
  • Cement Plant Kiln
  • Steel Plant
  • Glass Furnace 

By Orientation:

  • Horizontal
  • Vertical 

By End Users:

  • Power Generation Utilities
  • Oil & Gas
  • Chemical
  • Primary Metals
  • Non-Metallic Minerals 

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Temperature
    • By Source
    • By Orientation
    • By End Users
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Temperature
    • By Source
    • By Orientation
    • By End Users
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Temperature
    • By Source
    • By Orientation
    • By End Users
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Temperature
    • By Source
    • By Orientation
    • By End Users
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Temperature
    • By Source
    • By Orientation
    • By End Users
  • Rest of the World
    • By Region (South America, Africa)
    • By Temperature
    • By Source
    • By Orientation
    • By End Users

Reasons to Buy This Report:

  • Market size estimation of the global waste heat boiler market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
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