Waste Heat Recovery Boiler Market Report by Type (Water Tube Boiler, Fire Tube Boiler), Waste Heat Temperature (Medium Temperature, High Temperature, Ultra-High Temperature), Waste Heat Source (Oil Engine Exhaust, Gas Engine Exhaust, Gas Turbine Exhaust, Incinerator Exit Gases, and Others), Orientation (Horizontal, Vertical), End-Use Industry (Power Generation Utilities, Oil & Gas, Chemical, Primary Metals, and Others), and Region 2024-2032

Waste Heat Recovery Boiler Market Report by Type (Water Tube Boiler, Fire Tube Boiler), Waste Heat Temperature (Medium Temperature, High Temperature, Ultra-High Temperature), Waste Heat Source (Oil Engine Exhaust, Gas Engine Exhaust, Gas Turbine Exhaust, Incinerator Exit Gases, and Others), Orientation (Horizontal, Vertical), End-Use Industry (Power Generation Utilities, Oil & Gas, Chemical, Primary Metals, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2138
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Market Overview:

The global waste heat recovery boiler market size reached US$ 7.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

Report Attribute
 Key Statistics 
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 7.4 Billion
Market Forecast in 2032
US$ 11.8 Billion
Market Growth Rate 2024-2032 5.2%


A waste heat recovery boiler refers to a heat recovery equipment that is utilized for minimizing the wastage of heat generated by industrial plants. It is primarily used by the factories producing steel, cement, non-ferrous metals and chemicals, such as ethylene, ammonia, sulfuric acid and nitric acid. The boiler is used, along with gas turbines and combined heat/power units, to reprocess the wasted heat energy and convert it into steam or hot water for further utilization. This heat can be used for re-heating applications, generating electricity by driving turbines, compressing vapors and pumping liquids. This aids in enhancing the efficiencies of the plant and lowering the process costs and consumption of utilities.

Global Waste Heat Recovery Boiler Market Report

Significant growth in the power, oil and gas and chemical industries, along with the increasing requirement for energy-efficient industrial processes, is one of the key factors driving the growth of the market. Apart from reusing waste heat, a WHB can also be used for removing heat from a process fluid that needs to be cooled down for transportation or storage. Furthermore, the rising environmental consciousness among the masses is also creating a positive impact on the market growth. Resulting from the growing energy demand, there is an increasing preference for utilizing renewable resources to develop environment-friendly energy with minimal greenhouse gas (GHG) emissions. Other factors, including growing investments in combined cycle power plants across the globe, especially in emerging nations, along with the implementation of various government initiatives to promote sustainable infrastructural development, are projected to drive the market further.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global waste heat recovery boiler market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, waste heat temperature, waste heat source, orientation and end-use industry.

Breakup by Type:

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Water Tube Boiler
  • Fire Tube Boiler
     

Breakup by Waste Heat Temperature:

  • Medium Temperature
  • High Temperature
  • Ultra-High Temperature
     

Breakup by Waste Heat Source:

  • Oil Engine Exhaust
  • Gas Engine Exhaust
  • Gas Turbine Exhaust
  • Incinerator Exit Gases
  • Others
     

Breakup by Orientation:

  • Horizontal
  • Vertical
     

Breakup by End-Use Industry:

  • Power Generation Utilities
  • Oil & Gas
  • Chemical
  • Primary Metals
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Alfa Laval, Amec Foster Wheeler, Robert Bosch, Forbes Marshall, General Electric, Nooter/Eriksen, Siemens, Thermax, Thyssenkrupp, Viessmann, Zhengzhou Boiler, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Waste Heat Temperature, Waste Heat Source, Orientation, End-Use Industry, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alfa Laval, Amec Foster Wheeler, Robert Bosch, Forbes Marshall, General Electric, Nooter/Eriksen, Siemens, Thermax, Thyssenkrupp, Viessmann and Zhengzhou Boiler
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global waste heat recovery boiler market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global waste heat recovery boiler market?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the waste heat temperature?
  • What is the breakup of the market based on the waste heat source?
  • What is the breakup of the market based on the orientation?
  • What is the breakup of the market based on the end-use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global waste heat recovery boiler market and who are the key players?
  • What is the degree of competition in the industry?

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Waste Heat Recovery Boiler Market Report by Type (Water Tube Boiler, Fire Tube Boiler), Waste Heat Temperature (Medium Temperature, High Temperature, Ultra-High Temperature), Waste Heat Source (Oil Engine Exhaust, Gas Engine Exhaust, Gas Turbine Exhaust, Incinerator Exit Gases, and Others), Orientation (Horizontal, Vertical), End-Use Industry (Power Generation Utilities, Oil & Gas, Chemical, Primary Metals, and Others), and Region 2024-2032
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