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
[153 Pages Report] 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: 20182023
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 market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the 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 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 Hoovers, 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 industrys 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 market with respect to the technology used for different applications
- Study of contracts & developments related to the 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.
To know about the assumptions considered for the study, download the pdf brochure
Some of the leading global manufacturers of waste heat boiler market are General Electric (US), Siemens (Germany), Thermax (India), CMI Group (Belgium), Amec Foster Wheeler (UK), and Nooter/Eriksen (US).
Target Audience:
The reports 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 clients 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)
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 market during the forecast period.
The report segments the waste heat boiler market, by orientation, into horizontal and vertical. The vertical segment led the 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 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 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.
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 market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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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 Market, By End-User
4.3 Market, By Waste Heat Source
4.4 Asia Pacific Market, By End-User & Country
4.5 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 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 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 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, 20122040 (Quadrillion Btu)
Table 3 Co2 Emissions in Major Countries From Fossil Fuel Use and Industrial Production, 20122015
Table 4 Analysis of Waste Gases From Process Plants, % of Volume
Table 5 Market Size, By Waste Heat Source, 20162023 (USD Billion)
Table 6 Oil Engine Exhaust: Waste Heat Boiler Market Size, By Region, 20162023 (USD Million)
Table 7 Gas Engine Exhaust: Market Size, By Region, 20162023 (USD Million)
Table 8 Gas Turbine Exhaust: Market Size, By Region, 20162023 (USD Million)
Table 9 Incinerator Exit Gases: Market Size, By Region, 20162023 (USD Million)
Table 10 Kiln and Furnace Gases: Waste Heat Boiler Market Size, By Region, 20162023 (USD Million)
Table 11 Others: Market Size, By Region, 20162023 (USD Million)
Table 12 Waste Heat Boilers Market Size, By Waste Heat Temperature, 20162023 (USD Billion)
Table 13 Medium Temperature: Market Size, By Region, 20162023 (USD Million)
Table 14 High Temperature: Market Size, By Region, 20162023 (USD Million)
Table 15 Ultra-High Temperature: Market Size, By Region, 20162023 (USD Million)
Table 16 Market Size, Orientation, 20162023 (USD Billion)
Table 17 Vertical Market Size, By Region, 20162023 (USD Million)
Table 18 Horizontal Market Size, By Region, 20162023 (USD Million)
Table 19 Waste Heat Boiler Market Size, By End-User, 20162023 (USD Billion)
Table 20 Waste Heat Boiler Market Size, By Industries, 20162023 (USD Billion)
Table 21 Power Generation: Waste Heat Boiler Market Size, By Region, 20162023 (USD Million)
Table 22 Oil & Gas: Market Size, By Region, 20162023 (USD Million)
Table 23 Chemical: Market Size, By Region, 20162023 (USD Million)
Table 24 Primary Metals: Waste Heat Boiler Market Size, By Region, 2016-2023 (USD Million)
Table 25 Non-Metallic Minerals: Market Size, By Region, 20162023 (USD Million)
Table 26 Others: Market Size, By Region, 20162023 (USD Million)
Table 27 Market Size, By Region, 20162023 (USD Billion)
Table 28 Asia Pacific: Waste Heat Boiler Market Size, By Waste Heat Temperature, 20162023 (USD Million)
Table 29 Asia Pacific: Market Size, By Waste Heat Source, 20162023 (USD Million)
Table 30 Asia Pacific: Market Size, By Orientation, 20162023 (USD Million)
Table 31 Asia Pacific: Market Size, By End-User, 20162023 (USD Million)
Table 32 Asia Pacific: Market Size, By Country, 20162023 (USD Million)
Table 33 China: Market, By End-User, 20162023 (USD Million)
Table 34 India: Waste Heat Boiler Market, By End-User, 20162023 (USD Million)
Table 35 Japan: Market, By End-User, 20162023 (USD Million)
Table 36 Australia: Market, By End-User, 20162023 (USD Million)
Table 37 South Korea: Market, By End-User, 20162023 (USD Million)
Table 38 Indonesia: Market, By End-User, 20162023 (USD Million)
Table 39 Malaysia: Market, By End-User, 20162023 (USD Million)
Table 40 Vietnam: Market, By End-User, 20162023 (USD Million)
Table 41 Table 15 Rest of Asia Pacific: Waste Heat Boiler Market, By End-User, 20162023 (USD Million)
Table 42 North America: Waste Heat Boiler Market Size, By Waste Heat Temperature, 20162023 (USD Million)
Table 43 North America: Market Size, By Waste Heat Source, 20162023 (USD Million)
Table 44 North America: Market Size, By Orientation, 20162023 (USD Million)
Table 45 North America: Market Size, By End-User, 20162023 (USD Million)
Table 46 North America: Market Size, By Country, 20162023 (USD Million)
Table 47 US: Market, By End-User, 20162023 (USD Million)
Table 48 Canada: Market, By End-User, 20162023 (USD Million)
Table 49 Mexico: Market, By End-User, 20162023 (USD Million)
Table 50 Middle East & Africa: Waste Heat Boiler Market Size, By Waste Heat Temperature, 20162023 (USD Million)
Table 51 Middle East & Africa: Market Size, By Waste Heat Source, 20162023 (USD Million)
Table 52 Middle East & Africa: Market Size, By Orientation, 20162023 (USD Million)
Table 53 Middle East & Africa: Market Size, By End-User, 20162023 (USD Million)
Table 54 Middle East & Africa: Market Size, By Country, 20162023 (USD Million)
Table 55 Saudi Arabia: Market, By End-User, 20162023 (USD Million)
Table 56 UAE: Waste Heat Boiler Market, By End-User, 20162023 (USD Million)
Table 57 South Africa: Market, By End-User, 20162023 (USD Million)
Table 58 Rest of Middle East & Africa: Market, By End-User, 20162023 (USD Million)
Table 59 South America: Waste Heat Boiler Market Size, By Waste Heat Temperature, 20162023 (USD Million)
Table 60 South America: Market Size, By Waste Heat Source, 20162023 (USD Million)
Table 61 South America: Market Size, By Orientation, 20162023 (USD Million)
Table 62 South America: Market Size, By End-User, 20162023 (USD Million)
Table 63 South America: Market Size, By Country, 20162023 (USD Million)
Table 64 Brazil: Market, By End-User, 20162023 (USD Million)
Table 65 Argentina: Market, By End-User, 20162023 (USD Million)
Table 66 Rest of South America: Market, By End-User, 20162023 (USD Million)
Table 67 Europe: Waste Heat Boiler Market Size, By Waste Heat Temperature, 20162023 (USD Million)
Table 68 Europe: Market Size, By Waste Heat Source, 20162023 (USD Million)
Table 69 Europe: Market Size, By Orientation, 20162023 (USD Million)
Table 70 Europe: Waste Heat Boiler Market Size, By End-User, 20162023 (USD Million)
Table 71 Europe: Market Size, By Country, 20162023 (USD Million)
Table 72 UK: Market, By End-User, 20162023 (USD Million)
Table 73 Germany: Market, By End-User, 20162023 (USD Million)
Table 74 France: Market, By End-User, 20162023 (USD Million)
Table 75 Italy: Market, By End-User, 20162023 (USD Million)
Table 76 CIS: Market, By End-User, 20162023 (USD Million)
Table 77 Rest of Europe: Market, By End-User, 20162023 (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 Market, By Waste Heat Temperature, 20182023 (USD Billion)
Figure 6 Markets, By Waste Heat Source, 20182023 (USD Billion)
Figure 7 Need for Enhancing Energy Efficiency in Industrial Processes to Drive the Waste Heat Boiler Industry 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 Industry, 2023
Figure 10 The Primary Metals & China Markets Held the Largest Shares of Asia Pacific Waste Heat Boiler Industry in 2017
Figure 11 China & India are Expected to Be the Fastest Growing 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 Waste Heat Boiler Market Share in 2023
Figure 14 Primary Metals Industry is Expected to Hold the Largest Market Share in 2023
Figure 15 The Waste Heat Boiler Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Waste Heat Boilers Market Share (Value), By Region, 2017
Figure 17 Asia Pacific: Market Snapshot
Figure 18 Middle East & Africa: Market Snapshot
Figure 19 Key Developments in the Market, 20142017
Figure 20 General Electric Led the 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
Growth opportunities and latent adjacency in Waste Heat Boiler Market