HOME Top Market Reports Waste Heat Boiler Market by Temperature (Medium, High, Ultra High), Source (Oil Engine, Gas Engine, Gas Turbine, Incinerator, Cement Plant Kiln, Steel Plant, Glass Furnace), Orientation (Horizontal & Vertical), End-User, and Region - Global Forecast to 2023

Waste Heat Boiler Market by Temperature (Medium, High, Ultra High), Source (Oil Engine, Gas Engine, Gas Turbine, Incinerator, Cement Plant Kiln, Steel Plant, Glass Furnace), Orientation (Horizontal & Vertical), End-User, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: May 2018
Report Code: EP 6234

 

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The global waste heat boiler market reached a size of USD 5.44 Billion in 2017. It is projected to reach USD 8.04 Billion by 2023, growing at a CAGR of 6.72% from 2018 to 2023. The growing demand for energy, increasing electricity prices, and increasing efforts to reduce global GHG emissions in the developing regions of Asia Pacific and the Middle East and Africa are driving the market for waste heat boiler.

This report segments the waste heat boiler market on the basis of temperature, heat source, orientation, end-user, and region. The years considered for the study are as follows:

  • Base Year: 2017
  • Estimated Year: 2018
  • Projected Year: 2023
  • Forecast Period: 2018–2023

Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the waste heat boiler market on the basis of temperature, heat source, orientation, end-user, and region
  • To provide detailed information regarding the major factors influencing the growth of the waste heat boiler market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the waste heat boiler market with respect to individual growth trends, future projections, and the contribution of each segment to the market
  • To track and analyze competitive developments such as contracts & agreements, new product launches, expansions & investments, mergers & acquisitions, strategic alliances, and partnerships & collaborations in the waste heat boiler market
  • To profile key players and comprehensively analyze their market ranking and core competencies

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the waste heat boiler market. Primary sources are mainly industry experts from the core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations, and organizations related to all the segments of this industry’s value chain. The points below explain the research methodology.

  • Study of the annual revenues and market developments of the major players that manufacture waste heat boiler
  • Assessment of future trends and growth of end-users
  • Assessment of the waste heat boiler market with respect to the technology used for different applications
  • Study of contracts & developments related to the waste heat boiler market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying waste heat boiler across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study, based on the company type, designation, and region.

Waste Heat Boiler Market

To know about the assumptions considered for the study, download the pdf brochure

Some of the leading global manufacturers of waste heat boiler are General Electric (US), Siemens (Germany), Thermax (India), CMI Group (Belgium), Amec Foster Wheeler (UK), and Nooter/Eriksen (US).

Target Audience:

The report’s target audience includes:

  • Waste heat boiler manufacturing companies
  • Consulting companies in the power and oil & gas sector
  • Engineering, procurement, and construction contractors
  • Government and research organizations
  • Energy and environmental associations
  • Water Industry Forum
  • State- or government-owned corporations
  • Heat recovery steam generator manufacturing companies

The scope of the report:

  • 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
    • Asia Pacific
    • Europe
    • North America
    • Middle East & Africa
    • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of region-/country-specific analysis

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Limitations
    2.5 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Waste Heat Boiler Market
    4.2 Waste Heat Boiler Market, By End-User
    4.3 Waste Heat Boiler Market, By Waste Heat Source
    4.4 Asia Pacific Waste Heat Boiler Market, By End-User & Country
    4.5 Waste Heat Boiler Market, By Country

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Need for Enhancing Energy Efficiency in Industrial Processes
                    5.2.1.2 Increasing Energy Prices
                    5.2.1.3 Increasing Efforts to Reduce Global Ghg Emission
           5.2.2 Restraints
                    5.2.2.1 Space Availability Constraint
                    5.2.2.2 Temperature and Pressure Constraints Regarding Material Strength in Boiler
           5.2.3 Opportunities
                    5.2.3.1 Investment in Combined Cycle Power Plants and Combined Heat and Power Technologies in Emerging Economies
           5.2.4 Challenges
                    5.2.4.1 Regulatory Barriers
                    5.2.4.2 Focus on Renewable Energy Sources for Power Generation

6 Waste Heat Boiler Market, By Waste Heat Source (Page No. - 42)
    6.1 Introduction
    6.2 Oil Engine Exhaust
    6.3 Gas Engine Exhaust
    6.4 Gas Turbine Exhaust
    6.5 Incinerator Exit Gases
    6.6 Kiln and Furnace Gases
    6.7 Others

7 Waste Heat Boiler Market, By Waste Heat Temperature (Page No. - 49)
    7.1 Introduction
    7.2 Medium Temperature
    7.3 High Temperature
    7.4 Ultra-High Temperature

10 Waste Heat Boiler Market, By Region (Page No. - 67)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 By Waste Heat Temperature
             10.2.2 By Waste Heat Source
             10.2.3 By Orientation
             10.2.4 By End-User
             10.2.5 By Country
                        10.2.5.1 China
                        10.2.5.2 India
                        10.2.5.3 Japan
                        10.2.5.4 Australia
                        10.2.5.5 South Korea
                        10.2.5.6 Indonesia
                        10.2.5.7 Malaysia
                        10.2.5.8 Vietnam
                        10.2.5.9 Rest of Asia Pacific
     10.3 North America
             10.3.1 By Waste Heat Temperature
             10.3.2 By Waste Heat Source
             10.3.3 By Orientation
             10.3.4 By End-User
             10.3.5 By Country
                        10.3.5.1 US
                        10.3.5.2 Canada
                        10.3.5.3 Mexico
     10.4 Middle East & Africa
             10.4.1 By Waste Heat Temperature
             10.4.2 By Waste Heat Source
             10.4.3 By Orientation
             10.4.4 By End-User
             10.4.5 By Country
                        10.4.5.1 Saudi Arabia
                        10.4.5.2 UAE
                        10.4.5.3 South Africa
                        10.4.5.4 Rest of Middle East & Africa
     10.5 South America
             10.5.1 By Waste Heat Temperature
             10.5.2 By Waste Heat Source
             10.5.3 By Orientation
             10.5.4 By End-User
             10.5.5 By Country
                        10.5.5.1 Brazil
                        10.5.5.2 Argentina
                        10.5.5.3 Rest of South America
     10.6 Europe
             10.6.1 By Waste Heat Temperature
             10.6.2 By Waste Heat Source
             10.6.3 By Orientation
             10.6.4 By End-User
             10.6.5 By Country
                        10.6.5.1 UK
                        10.6.5.2 Germany
                        10.6.5.3 France
                        10.6.5.4 Italy
                        10.6.5.5 CIS
                        10.6.5.6 Rest of Europe

11 Competitive Landscape (Page No. - 106)
     11.1 Introduction
     11.2 Ranking of Players & Industry Concentration, 2016
     11.3 Competitive Scenario
             11.3.1 Contracts & Agreements
             11.3.2 Mergers & Acquisitions
             11.3.3 Others (Partnerships/Collaborations/Joint Ventures/Awards & Recognitions)

12 Company Profiles (Page No. - 110)
     12.1 Benchmarking
(Business Overview, Products Offered, Recent Developments, MnM View)*
     12.2 Siemens
     12.3 GE
     12.4 Thermax
     12.5 Nooter/Eriksen
     12.6 Alfa Laval
     12.7 Forbes Marshall
     12.8 CMI
     12.9 AMEC Foster Wheeler
     12.10 Viessmann
     12.11 Zhengzhou Boiler
     12.12 Bosch
     12.13 Thyssenkrupp

*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 144)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (77 Tables)

Table 1 Waste Heat Boiler Market Snapshot
Table 2 World Industrial Sector Delivered Energy Consumption, By Region and Energy Source, 2012–2040 (Quadrillion Btu)
Table 3 Co2 Emissions in Major Countries From Fossil Fuel Use and Industrial Production, 2012–2015
Table 4 Analysis of Waste Gases From Process Plants, % of Volume
Table 5 Waste Heat Boiler Market Size, By Waste Heat Source, 2016–2023 (USD Billion)
Table 6 Oil Engine Exhaust: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 7 Gas Engine Exhaust: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 8 Gas Turbine Exhaust: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 9 Incinerator Exit Gases: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 10 Kiln and Furnace Gases: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 11 Others: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 12 Waste Heat Boiler Market Size, By Waste Heat Temperature, 2016–2023 (USD Billion)
Table 13 Medium Temperature: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 14 High Temperature: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 15 Ultra-High Temperature: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 16 Waste Heat Boiler Market Size, Orientation, 2016–2023 (USD Billion)
Table 17 Vertical Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 18 Horizontal Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 19 Waste Heat Boiler Market Size, By End-User, 2016–2023 (USD Billion)
Table 20 Waste Heat Boiler Market Size, By Industries, 2016–2023 (USD Billion)
Table 21 Power Generation: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 22 Oil & Gas: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 23 Chemical: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 24 Primary Metals: Waste Heat Boiler Market Size, By Region, 2016-2023 (USD Million)
Table 25 Non-Metallic Minerals: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 26 Others: Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Million)
Table 27 Waste Heat Boiler Market Size, By Region, 2016–2023 (USD Billion)
Table 28 Asia Pacific: Waste Heat Boiler Market Size, By Waste Heat Temperature, 2016–2023 (USD Million)
Table 29 Asia Pacific: Waste Heat Boiler Market Size, By Waste Heat Source, 2016–2023 (USD Million)
Table 30 Asia Pacific: Waste Heat Boiler Market Size, By Orientation, 2016–2023 (USD Million)
Table 31 Asia Pacific: Waste Heat Boiler Market Size, By End-User, 2016–2023 (USD Million)
Table 32 Asia Pacific: Waste Heat Boiler Market Size, By Country, 2016–2023 (USD Million)
Table 33 China: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 34 India: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 35 Japan: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 36 Australia: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 37 South Korea: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 38 Indonesia: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 39 Malaysia: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 40 Vietnam: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 41 Table 15 Rest of Asia Pacific: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 42 North America: Waste Heat Boiler Market Size, By Waste Heat Temperature, 2016–2023 (USD Million)
Table 43 North America: Waste Heat Boiler Market Size, By Waste Heat Source, 2016–2023 (USD Million)
Table 44 North America: Waste Heat Boiler Market Size, By Orientation, 2016–2023 (USD Million)
Table 45 North America: Waste Heat Boiler Market Size, By End-User, 2016–2023 (USD Million)
Table 46 North America: Waste Heat Boiler Market Size, By Country, 2016–2023 (USD Million)
Table 47 US: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 48 Canada: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 49 Mexico: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 50 Middle East & Africa: Waste Heat Boiler Market Size, By Waste Heat Temperature, 2016–2023 (USD Million)
Table 51 Middle East & Africa: Waste Heat Boiler Market Size, By Waste Heat Source, 2016–2023 (USD Million)
Table 52 Middle East & Africa: Waste Heat Boiler Market Size, By Orientation, 2016–2023 (USD Million)
Table 53 Middle East & Africa: Waste Heat Boiler Market Size, By End-User, 2016–2023 (USD Million)
Table 54 Middle East & Africa: Waste Heat Boiler Market Size, By Country, 2016–2023 (USD Million)
Table 55 Saudi Arabia: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 56 UAE: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 57 South Africa: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 58 Rest of Middle East & Africa: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 59 South America: Waste Heat Boiler Market Size, By Waste Heat Temperature, 2016–2023 (USD Million)
Table 60 South America: Waste Heat Boiler Market Size, By Waste Heat Source, 2016–2023 (USD Million)
Table 61 South America: Waste Heat Boiler Market Size, By Orientation, 2016–2023 (USD Million)
Table 62 South America: Waste Heat Boiler Market Size, By End-User, 2016–2023 (USD Million)
Table 63 South America: Waste Heat Boiler Market Size, By Country, 2016–2023 (USD Million)
Table 64 Brazil: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 65 Argentina: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 66 Rest of South America: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 67 Europe: Waste Heat Boiler Market Size, By Waste Heat Temperature, 2016–2023 (USD Million)
Table 68 Europe: Waste Heat Boiler Market Size, By Waste Heat Source, 2016–2023 (USD Million)
Table 69 Europe: Waste Heat Boiler Market Size, By Orientation, 2016–2023 (USD Million)
Table 70 Europe: Waste Heat Boiler Market Size, By End-User, 2016–2023 (USD Million)
Table 71 Europe: Waste Heat Boiler Market Size, By Country, 2016–2023 (USD Million)
Table 72 UK: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 73 Germany: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 74 France: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 75 Italy: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 76 CIS: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)
Table 77 Rest of Europe: Waste Heat Boiler Market, By End-User, 2016–2023 (USD Million)


List of Figures (28 Figures)

Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Waste Heat Boiler Market, By Region (Value), 2018
Figure 5 Waste Heat Boiler Market, By Waste Heat Temperature, 2018–2023 (USD Billion)
Figure 6 Waste Heat Boiler Market, By Waste Heat Source, 2018–2023 (USD Billion)
Figure 7 Need for Enhancing Energy Efficiency in Industrial Processes to Drive the Waste Heat Boiler Market During the Forecast Period
Figure 8 The Industries Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Kiln and Furnace Gases Segment is Expected to Dominate the Waste Heat Boiler Market, 2023
Figure 10 The Primary Metals & China Markets Held the Largest Shares of Asia Pacific Waste Heat Boiler Market in 2017
Figure 11 China & India are Expected to Be the Fastest Growing Waste Heat Boiler Markets During the Forecast Period
Figure 12 Kiln and Furnace Gas Segment is Expected to Hold the Largest Market Share in 2023
Figure 13 High Temperature Segment is Expected to Hold the Largest Market Share in 2023
Figure 14 Primary Metals Industry is Expected to Hold the Largest Market Share in 2023
Figure 15 The Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Waste Heat Boiler Market Share (Value), By Region, 2017
Figure 17 Asia Pacific: Waste Heat Boiler Market Snapshot
Figure 18 Middle East & Africa: Waste Heat Boiler Market Snapshot
Figure 19 Key Developments in the Waste Heat Boiler Market, 2014–2017
Figure 20 General Electric Led the Waste Heat Boiler Market in 2017
Figure 21 Siemens: Company Snapshot
Figure 22 GE: Company Snapshot
Figure 23 Thermax: Company Snapshot
Figure 24 Alfa Laval: Company Snapshot
Figure 25 CMI: Company Snapshot
Figure 26 AMEC Foster Wheeler: Company Snapshot
Figure 27 Bosch: Company Snapshot
Figure 28 Thyssenkrupp: Company Snapshot

The waste heat boiler market is estimated to reach a market size of USD 5.80 Billion in 2018 and is projected to grow at a CAGR of 6.72% from 2018 to 2023. The growing need for enhancing energy efficiency in industrial processes, mainly in developing regions such as Asia Pacific and the Middle East, is the key factor driving the waste heat boiler market during the forecast period.

The report segments the waste heat boiler market, by orientation, into horizontal and vertical. The vertical segment led the waste heat boiler market in 2017. The vertical waste heat boilers are preferred due to their lower maintenance cost, lesser downtown, high water level tolerance, and smaller footprint.

The global waste heat boiler market, by waste heat temperature, has been segmented into medium temperature, high temperature, and ultra-high temperature. The high temperature waste heat boiler segment is expected be the largest market 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, which is driving the market for high temperature waste heat boilers. High investment in primary metal industries and non-metallic mineral industries in emerging economies will create new revenue pockets for the high temperature waste heat boiler market

The report further segments the waste heat boiler market, by end-user, into power generation utilities and industries. The industries segment is expected to grow at the highest CAGR during the forecast period. Energy efficiency standards and regulations on reducing CO2 emissions in heavy industries are expected to drive the demand for waste heat boilers in most of the end-use industries, especially in developing countries such as India, Saudi Arabia, Thailand, Vietnam, and Malaysia.

In this report, the waste heat boiler market has been analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa. Asia Pacific is expected to dominate the waste heat boiler market during the forecast period due to rising energy demand, increasing electricity prices, and growing environmental concern in this region. The figure given below shows the projected market sizes of various regions with respective CAGRs for 2023.

Waste Heat Boiler Market

The major factor restraining the growth of the waste heat boiler market is the limited space availability and temperature constraint regarding material strength in the boiler.

Some of the leading players in the waste heat boiler market are General Electric (US), Siemens (Germany), Thermax (India), CMI Group (Belgium), Amec Foster Wheeler (UK), and Nooter/Eriksen (US). These players have adopted growth strategies such as contracts & agreements, mergers & acquisitions, and partnership & collaborations to capture a larger share of the waste heat boiler market.

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