Waste Heat Boiler Market Growth Trends and Competitive Analysis 2019-2027 : Forbes Marshall, GE, Siemens, Robert Bosch, Thermax

The heat that is produced by machines or any other process, which make use of energy as a byproduct is termed as waste heat. It is also that heat which is liberated by any heat engine during a thermodynamic process. Waste heat possess a lower utility than the source of energy. Waste heat boiler refers to boilers, which utilizes exhaust gas from the engine to produce low pressure saturated steam. These boilers also employ the heat in flue gases exerted during combustion processes to generate saturated steam or hot water. Waste heat boilers consist of various water tubes placed in parallel to each other and towards the direction in which the heat leaves the system.

Leading key market players mentioned in the report:-

• AMEC Foster Wheeler
• Forbes Marshall
• General Electric
• Nooter/Eriksen
• Robert Bosch GmbH
• Siemens
• Thermax
• Thyssenkrupp
• Viessmann Group
• Zhengzhou Boiler Co. Ltd.

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There has been a rapid increase in electricity prices owing to factors such as incrementing industrialization, construction, mining centers, and energy demand. In order to cope up with the escalating electricity prices the government is getting inclined towards installation of waste heat boilers plants, which in turn is fueling the development of the waste heat boiler market. Along with this, the ability of the waste heat boilers to reduce energy-related issues and provide energy efficient solutions further bolsters the growth of the market. However, space availability constraints, coupled with temperature and pressure constraint regarding material strength in boilers, hinders the growth of the waste heat boilers market. Investments in combined power plants, combined heat plants, and power technologies will act as an opportunity in the fruitful growth of the waste heat boiler market.

The global waste heat boiler market is segmented on the basis of temperature, source, orientation, end use industry and geography. On the basis temperature the market classify into medium, high and ultra-high. The market on the basis of source is broken into oil engine exhaust, gas engine exhaust, gas turbine exhaust, incinerator exit gases, kiln & furnace gased and others. As per orientation the market is bifurcated into horizontal and vertical. On the basis of end use industry the market is segmented into power generation utilities, industries and others.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The waste heat boiler market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The reports cover key developments in the waste heat boiler market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from waste heat boiler market are anticipated to lucrative growth opportunities in the future with the rising demand for waste heat boiler in the global market. Below mentioned is the list of few companies engaged in the waste heat boiler market.

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• Envision the restrictions and restrains that are likely to hamper the market.

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This release was published on openPR.