Global Waste Heat Boiler Market Size is estimated to expand rapidly in coming years, at a CAGR of 6.75 % from 2018 to 2025. In 2017, the global market valuation was USD 6.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Waste heat water heaters are the devices for the use of waste heat as steam. This is the method of recovering disposal heat in water to produce electricity. This power is used to discharge combustion emissions and landfill heat in various sectors in refineries, metal factories, crystal furnace, and concrete stoves. Waste energy can be used for energy generation and wind turbine power supply.
Increasing demand for energy-efficient solutions is driving the global demand for waste heat boiler market. These boilers are used to reduce the issues related with the energy and generate new energy-efficient solutions. During the manufacturing of metal processes, lots of temperature processes are involved, from these processes wastewater is produced and then it can be converted into thermal energy with the help of waste heat boiler. Rising industrialization and petition for energy, with rising electricity rates in the building and mining industries. In order to meet the growing requirement, countries are undertaking projects to set up waste heat boilers that further increase the requirement for landfill heaters.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global waste heat boiler market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global waste heat boiler market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Temperature Insights: On the basis of temperature, global waste heat boiler market has been segmented into medium, high, ultra high. Among which high temperature segment is expected to be the highest growing segment in the global market of waste heat boilers. 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 waste heat boiler market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The biggest industry in the Asia Pacific, based on areas, is for waste heat boilers. The region's dominance in the industry is expected to remain in the coming years. Increase in supply for electrification, speedy urbanization, increasing supply from the mining and building industries, rising electricity and other energy rates and favorable public measures are key considerations to promote the market growth of this region. India, China and Japan are the leading countries expected to make a significant contribution to the growth of the waste heat boiler system. Also contributing to the development of the industry is the quick development of the steel and chemical industries across Asia Pacific.
Due to the elevated use of heat waste energy in the end-use sectors, the industry in North America has grown considerably. Due to increased energy consumption, the USA in the North America area shows sustained development in the heat waste boiler industry. Mexico and Canada are anticipated to follow the US. The heavy industry development market Asia Pacific has seen substantial development over the last couple of years, which is a guiding force for the residue heat boiler market.
Global Waste Heat Boiler Market Size, Share Analysis by Region 2017
Global Waste Heat Boiler Market Study Objective
1. To forecast the market size of waste heat boiler market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of waste heat boiler market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of waste heat boiler market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of waste heat boiler market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the waste heat boiler market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
General Electric, Siemens, Thermax, CMI Group, Amec Foster Wheeler, Nooter/Eriksen, Forbes Marshall, AMEC Foster Wheeler, Viessmann, Zhengzhou Boiler, Robert Bosch Gmbh, Alfa Laval, Viessmann are some of the key players in the market of waste heat boiler. These companies have embraced development policies such as contracts, mergers, purchases and partnerships, to achieve a bigger market share.
Global Waste Heat Boiler Market Study Report Offer You!
The global waste heat boiler market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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