Global Waste Heat Boiler Market To Power Swiftly With A CAGR Of More Than 7% By The End Of 2026

06-Jul-2020 | Zion Market Research

As per Zion Market Research, the global waste heat boiler market was valued at USD 6.1 billion in 2019 and is expected to develop with a CAGR of more than 7% by the end of 2026. The increasing requirement for improving energy efficiency in industrial operations, majorly in emerging regions such as the Middle East and Asia Pacific, is the major factor powering the market in the years to come. Some of the major players in the global market are General Electric, Thermax, Siemens, Amec Foster Wheeler, CMI Group, and Nooter/Eriksen.

The High Temperature Segment In The Waste Heat Boiler Market Is Predicted Be The Biggest Section In The Years To Come

The global market for waste heat boiler, based on waste heat temperature, has been divided into high temperature, medium temperature, and ultra-high temperature. The high temperature segment in the waste heat boiler market is predicted be the biggest section in the years to come. Most of the process sectors, comprising cement, iron & steel, chemical, aluminum, and refineries, create flue gases at a high range temperature, which is powering the waste heat boilers market. High spending in non-metallic mineral sectors and major metal sectors in developing nations will generate new income pockets for the global market.

The Industries Section Is Predicted To Develop At The Max CAGR In The Years To Come

The waste heat boiler market, based on end-user, is divided into industries and power generation utilities. The industries section is predicted to develop at the max CAGR in the years to come. Energy efficiency regulations and standards on lowering emissions of CO2 in heavy sectors are predicted to power the requirement in most of the end-use sectors for waste heat boilers, particularly in emerging nations such as Saudi Arabia, India, Vietnam, Thailand, and Malaysia.

Asia Pacific Is Predicted To Rule The Global Market In The Coming Years

The waste heat boiler market is divided based on region such as Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Asia Pacific is predicted to rule the market in the coming years owing to increasing environmental concern, elevating electricity costs, and increasing energy requirement in this area.

Browse the full “Waste Heat Boiler Market - by Source (Gas Engine, Oil Engine, Incinerator, Gas Turbine, Steel Plant, Cement Plant Kiln, and Glass Furnace), by Temperature (High, Medium, and Ultra High), By Orientation (Horizontal and Vertical), By End-User (Power Generation Utilities, Oil & Gas, Primary Metals, Chemical, and Non-Metallic Minerals), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/waste-heat-boiler-market

The global waste heat boiler market is segmented as follows:

By Waste Heat Temperature

  • Medium Temperature
  • High Temperature
  • Ultra-High Temperature

By Waste Heat Source

  • Oil Engine Exhaust
  • Gas Engine Exhaust
  • Gas Turbine Exhaust
  • Incinerator Exit Gases
  • Cement Plant Kiln Gases
  • Steel Plant Furnaces
  • Hot Gases from Process
  • Glass Furnace Gases
  • Flue Gases from Fired Heaters

By Orientation

  • Horizontal
  • Vertical

By End-User

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

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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