IMARC Group, a leading market research company, has recently releases report titled “Waste Heat Recovery Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global waste heat recovery boiler market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the waste heat recovery boiler market?
Report Attributes
Details
Market Size in 2022
US$ 7 Billion
Market Forecast in 2028
US$ 9.9 Billion
Growth rate (2023 to 2028)
CAGR of 5.9%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What is waste heat recovery boiler?
A waste heat recovery boiler is a system that is used for minimizing the wastage of heat generated by industrial plants. It captures the heat dissipating from industrial processes for reuse in other heating applications, like power generation. The waste heat recovery boiler is used by factories that produce steel, cement, non-ferrous metals and chemicals, like ethylene, ammonia, sulfuric acid, and nitric acid.
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What are the growth prospects and trends in the waste heat recovery boiler industry?
The need for enhanced energy-efficient industrial processes is the primary factor driving the waste heat recovery boiler market. The significant growth in the power, oil, and gas industries has also escalated the demand for these boilers as they are utilized for removing heat from a process fluid that needs to be cooled down for transportation or storage. Furthermore, the growing demand for continuous electricity supply has encouraged governments to increase investments in cleaner technologies, such as waste heat recovery boilers, which emit minimal greenhouse gases. These factors are expected to have a positive impact on the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Water Tube Boiler
- Fire Tube Boiler
Breakup by Waste Heat Temperature:
- Medium Temperature
- High Temperature
- Ultra-High Temperature
Breakup by Waste Heat Source:
- Oil Engine Exhaust
- Gas Engine Exhaust
- Gas Turbine Exhaust
- Incinerator Exit Gases
- Others
Breakup by Orientation:
- Horizontal
- Vertical
Breakup by End-Use Industry:
- Power Generation Utilities
- Oil & Gas
- Chemical
- Primary Metals
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Alfa Laval
- Amec Foster Wheeler
- Robert Bosch
- Forbes Marshall
- General Electric
- Nooter/Eriksen
- Siemens
- Thermax
- Thyssenkrupp
- Viessmann
- Zhengzhou Boiler
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