Waste Heat Boiler Market Set to Witness Huge Growth by 2023 | General Electric, Siemens, Thermax, CMI Group, Nooter/Eriksen

According to the new market research report "Waste Heat Boiler Market by Temperature (Medium, High, Ultra High), Source (Oil Engine, Gas Engine, Gas Turbine, Incinerator, Cement Plant Kiln, Steel Plant, Glass Furnace), Orientation (Horizontal & Vertical), End-User, and Region - Global Forecast to 2023", The waste heat boiler market is expected to grow from an estimated USD 5.80 Billion in 2018 to USD 8.04 Billion by 2023, at a CAGR of 6.72% during the forecast period. The market is set to witness growth due to the increasing need for enhancing energy efficiency in industrial processes and requirement for decentralized power supply.

Browse 77 market data Tables and 28 Figures spread through 153 Pages and in-depth TOC on "Waste Heat Boiler Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/waste-heat-boiler-market-143622127.html

High temperature segment is expected to be the largest waste heat boiler market, by waste heat temperature, in 2018.

High Temperature segment of the waste heat boiler market, by temperature, is expected to be the largest market from 2018 to 2023. Factors such as high investment in primary metal industries and non-metallic mineral industries are driving the waste heat boiler market. 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.

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Incinerator exit gases segment is expected to be the second fastest growing waste heat boiler market, by waste heat source, during the forecast period.

Incinerator exit gases segment is expected to be the second fastest waste heat boiler market from 2018 to 2023. This is due to various factors including increased investments in the chemical & steel plants. Increasing investments in the power generation sector and in primary metal and non-metallic minerals industries are expected to drive the incinerator exit gases segment of the waste heat boiler market.

The scope of the report:

By Waste Heat Temperature
Medium Temperature
High Temperature
Ultra-High Temperature
By Waste Heat Source
Oil Engine Exhaust
Gas Engine Exhaust
Gas Turbine Exhaust
Incinerator Exit Gases
Cement Plant Kiln Gases
Steel Plant Furnaces
Hot Gases from Process
Glass Furnace Gases
Flue Gases from Fired Heaters
By Orientation
Horizontal
Vertical
By End-User
Power Generation Utilities
Oil & Gas
Chemical
Primary Metals
Non-Metallic Minerals
By Region
Asia Pacific
Europe
North America
Middle East & Africa
South America

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Asia Pacific: The largest waste heat boiler market during the forecast period.

In this report, the waste heat boiler market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Asia Pacific is the largest waste heat boiler market, by region, during the forecast period. Rising urbanization and proliferation of electrification, demand from the construction and mining sectors, rising energy & electricity prices, and supportive government plans are expected to drive the market for waste heat boiler in this region. China, India, and Japan are the leading countries that would contribute to the growth of the waste heat boiler in Asia Pacific.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the waste heat boiler market such as General Electric (US), Siemens (Germany), Thermax (India), CMI Group (Belgium), Amec Foster Wheeler (UK), and Nooter/Eriksen (US).

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