Global Waste Heat Boiler Market: Overview
Efforts are being taken to use the waste heat generated by several industrial operations. The energy that is lost in the waste heat is utilized by the waste heat boilers for water heating or for the evaporation of the water into steam. The steam produced in the boiler is used by the other steam users. The steam boilers are utilized by a range of end-user applications such as sewage treatment plants, industrial processes, and others.
Global Waste Heat Boiler Market: Growth Factors
The increasing requirement for making the process in the industrial sectors more energy efficient in order to cut down the operating costs as well as the carbon footprint is the key factor that is driving the waste heat boiler market. As most of the industries depend upon the energy derived from the fossil fuels the demand for the waste heat boiler has increased. Furthermore, the energy costs are increasing across the world, which has compelled the industries to reduce their dependence on the fossil fuels thus, initiatives and efforts are being made in order to find out ways to make maximum utilization of the energy resources. The technological advancements in the waste heat boilers and the introduction of the advanced products are increasing the market opportunities.
Global Waste Heat Boiler Market: Segmentation
The global waste heat boiler market can be segmented into its temperature, source, orientation, and end-user. In terms of the waste heat temperature, the market is segregated into ultra-high temperature, high temperature, and medium temperature. Based on the waste heat source, the waste heat boiler market is categorized into gas engine exhaust, incinerator exit gases, steel plant furnaces, glass furnace gases, oil engine exhaust, gas turbine exhaust, cement plant kiln gases, hot gases from the process, and flue gases from fired heaters. On the basis of the orientation, the market is bifurcated into vertical and horizontal. Based on the end-user, the market is divided into power generation utilities, chemical, non-metallic minerals, oil & gas, and primary metals.
Global Waste Heat Boiler Market: Regional Analysis
Based on the regions, the largest market for the waste heat boiler market is in the Asia Pacific. It is anticipated that in the coming years the dominance of the region in the market will be retained. The major factors that support the growth of the market in this region are increasing demand for electrification, rapid urbanization, growing demand from the mining and the construction sectors, growing prices of electricity and other energies, and the favorable government initiatives. The major nations that are anticipated to contribute majorly to the development of the waste heat boiler machine are India, China, and Japan. The rapid expansion of the steel and the chemical industries in the Asia Pacific also contribute to the growth of the market.
Other regions such as North America and Europe anticipate contributing a good market share in the coming years.
Global Waste Heat Boiler Market: Competitive Players
Some of the most important market players involved in the waste heat boiler market are General Electric, Nooter/Eriksen, Alfa Laval, CMI, Viessmann, Bosch, Siemens, Thermax, Forbes Marshall, AMEC Foster Wheeler, Zhengzhou Boiler, and ThyssenKrupp, among others.
Global Waste Heat Boiler Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
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- Emerging segments and regional markets
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