Latest Report Titled on “Waste Heat Boiler Market to 2027 – Global Analysis and Forecasts by Temperature (Medium, High, Ultra High); Source (Oil Engine Exhaust, Gas Engine Exhaust, Gas Turbine Exhaust, Incinerator Exit Gases, Kiln and Furnace Gases, Others); Orientation (Horizontal, Vertical); End use industry (Power Generation Utilities, Industries, Others) and Geography”
Global Waste Heat Boiler Market Research Report analyses the industry status, size, share, trends, growth opportunity, compsetition landscape and forecast to 2027. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. An exclusive data offered in this report is collected by The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Top Leading Players:
- Alfa Laval
- CiTECH Energy Recovery Solutions (UK) LTD
- General Electric
- Kawasaki Heavy Industries, Ltd.
- Nooter/Eriksen
- The Bosch Group
- Thermax Limited
- Thyssenkrupp AG
- Viessmann Group
- Zhengzhou Boiler Co., Ltd
Attractve government initatives
Industrial waste heat is the energy generated in the core industrial processes of industries such as power generation utilities, oil & gas, chemicals, primary metals, non-metallic minerals, and others and these waste heat are conducted through various waste heat recovery technologies to provide valuable energy sources and reduce the overall energy consumption. According to the U.S. Department of energy, around 20% to 50% of industrial energy is reduced as waste heat in the form of exhaust gases. As the industrial sector continues its effort to enhance its energy efficiency, it would recover waste heat losses, reduces environmental impact, and enhances workflow and productivity. Various government initiatives are one of the key drivers for waste heat boiler market growth. The initiatives by various governments play an important role in successful waste heat boilers implementation, which would further increase the demand for waste heat boiler market. Thus, driving the growth of the waste heat boiler market during the coming years.
Surge in adotion of energy efficient solutions
In the future, the energy-efficient solutions would most likely to witness high demand. Waste heat boiler, an energy-efficient equipment are used to recover waste heat energy and can reduce future operating costs, capital investment, and utility systems costs. The performance of waste heater boilers is a key element in the efforts of commercial facilities to hold down utility costs. For maintenance and engineering procedures in various industries, businesses trying to provide efficient boiler performance, the efficiency of the boiler is decided by the proportion of heat output to the amount of fuel utilized. According to the U.S Department of energy, traditional heating systems generally run between 56% to 70% efficiency, which is a substantial loss in energy savings. However, modern boilers and water heaters run around 80% efficiency, which provides significant energy savings when used in a number of industries. Thus, developing technologies offer promise in recovering waste heat more efficiently rather than traditional.
Waste Heat Boiler Market – Waste Heat Temperature Segment Insights
Depending on the process type, waste heat can be released at nearly any temperature in an industrial furnace or kiln. Typically most of the waste heat generated in the high temperature originates from direct combustion processes; heat generated in the medium range comes from the exhaust of combustion units; and heat generated in the low temperature range comes from products, parts, and the process unit equipment. The power generating efficiency from waste heat recovery is greatly reliant on the waste heat source temperature. Generally, economically viable waste heat power generation has been restricted chiefly to medium- to high-temperature or ultra-high waste heat sources.
Waste Heat Boiler Market – Waste Heat Source Segment Insights
Energy intensive processes in industries, including processes occurring at steel mills, refineries, glass furnaces, and cement kilns, releases hot exhaust gases as well as waste streams which are capable to be harnessed with heat recovery technologies, such as waste heat boiler, to generate electricity. The exhaust flue gases, after being released from the furnace, holds a considerable amount of thermal energy. In several fuel-fired heating systems, the waste heat is the ultimate source of heat loss in the process, often exceeding all the other losses combined. Depending upon the type of process and equipment, the source of waste heat is categorized into oil engine exhaust, gas engine exhaust, gas turbine exhaust, incinerator exit gases, kiln & furnace gases, and others.
Waste Heat Boiler Market – Orientation Segment Insights
The waste heat boiler market by orientation is segmented into horizontal and vertical boilers. The waste heat recovery capacity of each of these boilers depends on the boiler efficiency. Further, the choice of orientation is majorly dependent on the installation site. Vertical boilers are usually preferred at small and narrow application, however horizontal boilers are mostly deployed at spacious site. Both of these boilers are different in terms of application area, thus the choice completely depends on the customers’ requirements.
Waste Heat Boiler Market – End-user Segment Insights
A considerable energy amount used by different industries is wasted as heat leaving industrial facilities. These include air streams, exhaust gases, and liquids. Though it is not economically and technically viable to recuperate all waste heat, a certain amount of this heat can be recovered through various heat recovery procedures. According to a study, waste-heat recovery can substitute around 9% of the total energy used by industries in the US, which would eventually help enhance the US global competitiveness. It would further help to mitigate emissions of greenhouse gases. The potential for waste-heat recovery opportunities differs widely from industry to industry. The primary metal is expected to be major market driver for end-user in the waste heat boiler market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the Waste Heat Boiler market based on various segments. The Waste Heat Boiler market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Regional Analysis covers: North America, Europe, APAC, MEA and South & Central America
The reports cover key developments in the Waste Heat Boiler market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Waste Heat Boiler market are anticipated to lucrative growth opportunities in the future with the rising demand for Waste Heat Boiler in the global market.
Table of Contents included in Waste Heat Boiler Market Report – Introduction, Key Takeways, Research Methodology, Waste Heat Boiler Market Landscape, Waste Heat Boiler Market – Key Market Dynamics, Waste Heat Boiler Market – Global Market Analysis, Waste Heat Boiler Market – Revenue And Forecasts To 2027 – Product Type, Waste Heat Boiler Market – Revenue And Forecasts To 2027 – Industry, Industry Landscape, Waste Heat Boiler Market, Key Company Profiles, Appendix.
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