Global Waste Heat Boiler Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

“Global Waste Heat Boiler Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global artificial intelligence chip market report has been segmented on the basis of waste heat temperature, waste heat source, end user, and region.

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Global Waste Heat Boiler Market: Overview

Waste heat boiler is type of steam boiler that uses waste heat to evaporate water into steam. It utilizes heat from hot waste air flow or combustion process. Waste heat boilers are used in combined heat and power units, and gas turbines. They are also widely used in nitric acid plants, sulfuric acid plant, ammonia plants, etc. Waste heat boiler helps to add process efficiency and decrease cost required for fuel and energy consumption. Steam generation is an ideal way to recover heat from gases.

Global Waste Heat Boiler Market: Dynamics

Growing demand for energy efficient solutions for energy conservation such as water heat boiler in industrial sector is a key factor expected to drive growth of the global target market over the forecast period. Increasing adoption of waste heat boiler as a cost effective alternative to limited non–renewable resources such as coal, oil and natural gas are also some of the major factors anticipated to fuel growth of the target market. Furthermore, growing industrial sector, coupled with government norms regarding emission limitations is expected to bolster growth of the global waste heat boiler market over the forecast period.

However, high installation cost of waste heat boilers is a factor that may hamper demand ad restrain growth of the global target market over the forecast period. In addition, increasing use of renewable sources for power generation is a challenging factor that could affect growth of the global market. Nevertheless, growing demand for energy and growing manufacturing industries in developing countries can create a lucrative opportunity for players in the target market.

Global Waste Heat Boiler Market: Segment Analysis

As per sensor type, the high temperature segment is currently dominating the global target market in terms of revenue and is expected to register a lucrative growth rate in the near future owing to increasing use of high temperature waste heat boiler in various industries such as chemical, cement, iron and steel, etc.

As per end user, the power generation utilities segment is expected to account for high growth in terms of revenue over the forecast period. Government regulations regarding carbon emission is a major factor supporting growth of the segment in the global waste heat boiler market.

Global Waste Heat Boiler Market: Regional Analysis

Market in the Asia Pacific expected to account for major share in terms of revenue over the forecast period. Growing construction and mining, energy generation plants, and various other industries and stringent government regulations in order to control and limit carbon emission especially in developing countries such as China and India is driving growth of the target market. Market in North America is anticipated to account for second-highest share in terms of revenue in the near future, followed by Europe, Middle East & Africa, and Latin America.

Global Waste heat boiler Market Segmentation:

Segmentation by Waste Heat Temperature:

• High Temperature
• Ultra-High Temperature
• Medium Temperature

Segmentation by Waste Heat Source:

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

Segmentation by End User:

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

Segmentation by Region:

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