Waste Heat Boiler Market - Emerging Trends & Drivers | Thermax, General Electric, Siemens, CMI Group

The waste heat boiler market is segmented on the basis of temperature, source, orientation, and end users.

Several efforts are being taken to utilize the waste heat that is generated by several industrial operations. The energy which is lost in the waste heat is utilized by the waste heat boilers for heating water or the conversion of water to steam.

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Based on the temperature, it is segmented to ultra-high, high and medium. The temperatures of these waste heat boilers range from 5720F to 11120F. By the source, they are divided into the gas engine, gas turbine, oil engine, incinerator, cement plant kiln, steel plant, and glass furnace. The source varies with the industry the boiler is being used in. On the basis of the orientation, it is bifurcated into horizontal and vertical. Vertical waste heat boilers are more preferred as they have a lower cost of maintenance, lesser downtown, smaller footprint, and high water level tolerance.

Based on the end users, the division is as power generation utilities, oil & gas, chemical, primary metals, non-metallic minerals. Due to the energy efficiency standards and regulations for the reduction of CO2 emissions in the heavy industries, there is a high demand for waste heat boilers in many of the end-use industries, especially in developing countries in the APAC region.

Key Factors Impacting Market Growth:

-Increasing awareness regarding the reduction of the carbon footprint
-Reduction in the usage of fossil fuels
-High installation costs can hinder the growth

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Market Segmentation:

By Temperature:

Ultra-High
High
Medium

By Source:

Gas Engine
Gas Turbine
Oil Engine
Incinerator
Cement Plant Kiln
Steel Plant
Glass Furnace

By Orientation:

Horizontal
Vertical

By End Users:

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

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By Region:

North America
By Country (US, Canada, Mexico)
By Temperature
By Source
By Orientation
By End Users
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Temperature
By Source
By Orientation
By End Users
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Temperature
By Source
By Orientation
By End Users
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Temperature
By Source
By Orientation
By End Users
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Temperature
By Source
By Orientation
By End Users
Rest of the World
By Region (South America, Africa)
By Temperature
By Source
By Orientation
By End Users

Companies Covered: Thermax, General Electric, Siemens, CMI Group, Amec Foster Wheeler, and Nooter/Eriksen

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Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments about market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.