Waste Heat Boiler - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Waste Heat Boiler Market is accounted for $6.32 billion in 2019 and is expected to reach $12.32 billion by 2027 growing at a CAGR of 8.7% during the forecast period. Growing efforts to decrease global GHG emission and rising energy prices are the major factors propelling the market growth. However, the temperature and pressure constraints regarding material strength in boiler are hampering the market growth.
Waste heat boiler is type of steam boiler that uses waste heat to evaporate water into steam. It utilizes heat from hot waste air flow or combustion process. Waste heat boilers are used in combined heat and power units, and gas turbines. They are also widely used in nitric acid plants, sulfuric acid plant, ammonia plants, etc. Waste heat boiler helps to add process efficiency and decrease cost required for fuel and energy consumption. Steam generation is an ideal way to recover heat from gases.
Based on the temperature, the high temperature segment is going to have a lucrative growth during the forecast period. Most of the process industries, including iron & steel, cement, aluminum, chemical, and refineries, produce flue gases at a high temperature range.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to large-scale funding made in the power & energy industry and growing requirement for renovating the aging power infrastructure in the region. In adding to this, growing requirements to curb the carbon emissions will catalyze the business growth in this region.
Some of the key players profiled in the Waste Heat Boiler Market include Fоrbеѕ Маrѕhаll, GЕ, Nооtеr/Еrіkѕеn, Vіеѕѕmаnn, Zhеngzhоu Воіlеr, Аlfа Lаvаl, АМЕС Fоѕtеr Whееlеr, Воѕсh, Ѕіеmеnѕ, СМІ, Тhеrmах and Тhуѕѕеnkruрр.
• Steel Plant Furnaces
• Oil Engine Exhaust
• Incinerator Exit Gases
• Hot Gases from Process
• Glass Furnace Gases
• Gas Turbine Exhaust
• Gas Engine Exhaust
• Flue Gases from Fired Heaters
• Cement Plant Kiln Gases
• Ultra-High Temperature
• Medium Temperature
• High Temperature
• Fire Tube Boiler
• Water-tube Boiler
End User Covered:
• Wood Processing Industries
• Textile Manufacturing
• Building Material
• Primary Metals
• Power Generation Utilities
• Plastic & Rubber Processing
• Chemical and Fertilizer
• Oil & Gas
• Non-Metallic Minerals
• Metal, Paper and Cardboard Processing
• Food Processing
• Petroleum Refinery
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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