According to IMARC Group’s latest report, titled “Waste Heat Recovery Boiler Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global waste heat recovery boiler market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 6.8% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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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Market Trends
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.
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List of Key Companies Covered in this Market Report:
- Alfa Laval (STO: ALFA)
- Amec Foster Wheeler
- Robert Bosch
- Forbes Marshall
- General Electric (NYSE: GE)
- Nooter/Eriksen
- Siemens (ETR: SIE)
- Thermax (NSE: THERMAX)
- Thyssenkrupp (ETR: TKA)
- Viessmann
- Zhengzhou Boiler
The report has segmented on the basis of type, waste heat temperature, waste heat source, end-use industry and geography.
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 Geography:
- 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
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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