Report Code: A07230 | Pages: NA | Mar 2023 | 1501 Views | ||
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Waste heat boilers are special type of boilers that generate hot water or saturated steam by utilizing hot waste air that flows from industrial processes or heat associated with flue gases from combustion processes. They play a vital role for the treatment of high temperature flue-gases in most metallurgical procedures. Waste heat water boilers are used to utilize waste heat as an input to boil water and convert into high pressure steam. The steam is then used in power generation. Waste heat boilers are mainly deployed in industries such as steel mills, refineries, paper, cement kilns, and glass furnaces.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD Million) |
Segments covered | Type, Temperature, Orientation, End Use Industry, and Region |
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COVID-19 scenario analysis:Â
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The main drivers of the global waste heat boiler market include rise in awareness toward global warming, and high energy costs of fossil fuels. Initiatives by governments play a significant role in successful waste heat boilers implementation, which would further increase the demand for waste heat boilers. Furthermore, increase in initiatives to reduce greenhouse gases present in the environment, owing to the use of high temperature in various industries, such as iron & steel, aluminum, cement, and chemicals, also drive the revenue growth of the global market. In addition, rise in demand for energy, increase in electricity prices, and growth in efforts to reduce global greenhouse gas (GHG) emissions in developing countries drive the waste heat boiler market.
However, high cost of equipment, maintenance of boilers, and high installation costs of these boilers are expected to hamper the market growth.
Surge in usage of waste heat boilers in industrial applications:
Based on region, the global waste heat boilers market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia Pacific has the largest market share for the waste heat boiler market, owing to rise in demand for electricity in cities and villages, rapid growth of urban population, and expanding mining & construction sectors. Further, rise in prices of electricity & other energies and favorable government initiatives encourage industries to install waste heat boilers in plants.
Based on orientation, the waste heat boiler market is divided into horizontal and vertical boilers. The choice of orientation mainly depends on the installation site. Vertical boilers are generally used in small and narrow industries while horizontal boilers are installed in spacious sites. Industrial waste heat boilers are majorly used in industrial processes such as power generation utilities, oil & gas, chemicals, primary metals, paper & pulp, and non-metallic minerals. In addition, use of a waste heat boiler reduces the overall energy consumption.
Key benefits of the report:
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Questions answered in the waste heat boilers market research report:
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Waste Heat Boiler Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Type |
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By Temperature |
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By Orientation |
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By End Use Industry |
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By Region |
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Key Market Players | General Electric, Siemens, Thermax Ltd., CMI Group, Amec Foster Wheeler, Nooter/Eriksen, Forbes Marshall, Viessmann, Zhengzhou Boiler, Robert Bosch GmbH, Alfa Laval |
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