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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

March 2024 | 142 pages | ID: WBDDADF0990EEN
IMARC Group

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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.

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.

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.

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:

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:

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.

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?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL WASTE HEAT RECOVERY BOILER MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Water Tube Boiler
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Fire Tube Boiler
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY WASTE HEAT TEMPERATURE

7.1 Medium Temperature
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 High Temperature
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Ultra-High Temperature
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY WASTE HEAT SOURCE

8.1 Oil Engine Exhaust
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Gas Engine Exhaust
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Gas Turbine Exhaust
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Incinerator Exit Gases
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY ORIENTATION

9.1 Horizontal
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Vertical
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY END-USE INDUSTRY

10.1 Power Generation Utilities
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Oil & Gas
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Chemical
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Primary Metals
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Others
  10.5.1 Market Trends
  10.5.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Alfa Laval
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 Amec Foster Wheeler
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
  16.3.3 Robert Bosch
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 SWOT Analysis
  16.3.4 Forbes Marshall
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
  16.3.5 General Electric
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6 Nooter/Eriksen
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
  16.3.7 Siemens
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 Thermax
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
  16.3.9 Thyssenkrupp
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10 Viessmann
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
  16.3.11 Zhengzhou Boiler
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Waste Heat Recovery Boiler Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Waste Heat Recovery Boiler Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Waste Heat Recovery Boiler Market Forecast: Breakup by Waste Heat Temperature (in Million US$), 2024-2032
Table 4: Global: Waste Heat Recovery Boiler Market Forecast: Breakup by Waste Heat Source (in Million US$), 2024-2032
Table 5: Global: Waste Heat Recovery Boiler Market Forecast: Breakup by Orientation (in Million US$), 2024-2032
Table 6: Global: Waste Heat Recovery Boiler Market Forecast: Breakup by End-Use Industry (in Million US$), 2024-2032
Table 7: Global: Waste Heat Recovery Boiler Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Waste Heat Recovery Boiler Market: Competitive Structure
Table 9: Global: Waste Heat Recovery Boiler Market: Key Players

LIST OF FIGURES

Figure 1: Global: Waste Heat Recovery Boiler Market: Major Drivers and Challenges
Figure 2: Global: Waste Heat Recovery Boiler Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Waste Heat Recovery Boiler Market: Breakup by Type (in %), 2023
Figure 4: Global: Waste Heat Recovery Boiler Market: Breakup by Waste Heat Temperature (in %), 2023
Figure 5: Global: Waste Heat Recovery Boiler Market: Breakup by Waste Heat Source (in %), 2023
Figure 6: Global: Waste Heat Recovery Boiler Market: Breakup by Orientation (in %), 2023
Figure 7: Global: Waste Heat Recovery Boiler Market: Breakup by End-Use Industry (in %), 2023
Figure 8: Global: Waste Heat Recovery Boiler Market: Breakup by Region (in %), 2023
Figure 9: Global: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 10: Global: Waste Heat Recovery Boiler (Water Tube Boiler) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Waste Heat Recovery Boiler (Water Tube Boiler) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Waste Heat Recovery Boiler (Fire Tube Boiler) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Waste Heat Recovery Boiler (Fire Tube Boiler) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Waste Heat Recovery Boiler (High Temperature) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Waste Heat Recovery Boiler (High Temperature) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Waste Heat Recovery Boiler (Medium Temperature) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Waste Heat Recovery Boiler (Medium Temperature) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Waste Heat Recovery Boiler (Ultra-High Temperature) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Waste Heat Recovery Boiler (Ultra-High Temperature) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Waste Heat Recovery Boiler (Oil Engine Exhaust) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Waste Heat Recovery Boiler (Oil Engine Exhaust) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Waste Heat Recovery Boiler (Gas Engine Exhaust) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Waste Heat Recovery Boiler (Gas Engine Exhaust) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Waste Heat Recovery Boiler (Gas Turbine Exhaust) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Waste Heat Recovery Boiler (Gas Turbine Exhaust) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Waste Heat Recovery Boiler (Incinerator Exit Gases) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Waste Heat Recovery Boiler (Incinerator Exit Gases) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Waste Heat Recovery Boiler (Other Waste Heat Sources) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Waste Heat Recovery Boiler (Other Waste Heat Sources) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Waste Heat Recovery Boiler (Horizontal) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Waste Heat Recovery Boiler (Horizontal) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Waste Heat Recovery Boiler (Vertical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Waste Heat Recovery Boiler (Vertical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Waste Heat Recovery Boiler (Power Generation Utilities) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Waste Heat Recovery Boiler (Power Generation Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Waste Heat Recovery Boiler (Oil & Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Waste Heat Recovery Boiler (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Waste Heat Recovery Boiler (Chemical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Waste Heat Recovery Boiler (Chemical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Waste Heat Recovery Boiler (Primary Metals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Waste Heat Recovery Boiler (Primary Metals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Waste Heat Recovery Boiler (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Waste Heat Recovery Boiler (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: North America: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: North America: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: United States: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: United States: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Canada: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Canada: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Asia Pacific: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Asia Pacific: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: China: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: China: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Japan: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Japan: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: India: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: India: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: South Korea: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: South Korea: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Australia: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Australia: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Indonesia: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Indonesia: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Europe: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Europe: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Germany: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Germany: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: France: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: France: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: United Kingdom: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: United Kingdom: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Italy: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Italy: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Spain: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Spain: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Russia: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Russia: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Latin America: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Latin America: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Brazil: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Brazil: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Mexico: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Mexico: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Others: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Others: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Middle East and Africa: Waste Heat Recovery Boiler Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Middle East and Africa: Waste Heat Recovery Boiler Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 92: Global: Waste Heat Recovery Boiler Industry: SWOT Analysis
Figure 93: Global: Waste Heat Recovery Boiler Industry: Value Chain Analysis
Figure 94: Global: Waste Heat Recovery Boiler Industry: Porter’s Five Forces Analysis


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