Waste Heat Boiler Market Latest Trends, Revenue Growth Rate And Application Scope | Fortune Business Insights

(The Express Wire via Comtex)

Top Players in Waste Heat Boiler Market are VKK Standardkessel GmbH, Forbes Marshall, Thermax Limited, Takuma Co., Ltd, Byworth Boilers Limited, Steinmuller Engineering GmbH, JFE Engineering Corporation, Clarke Energy, Thermodyne Engineering System, Kawasaki Heavy Industries, Ltd, S.A. Hamon, and Haldor Tosoe A/S

Increasing cement production around the world is the major driver of the global waste heat boiler market growth. Cement is the fundamental ingredient in the construction industry and with the rapid rise in construction activities, especially in developing nations, cement production has also gotten a boost. According to the International Energy Agency, cement production increased by 1% in 2018 to 4.1 Giga Tons, with China accounting for nearly 60% of the cement produced. The agency also predicts a steady rise in demand for cement till 2030, particularly from India where infrastructural development is expected to pick up pace in the coming decade. Since the production of cement causes high levels of waste heat generation, the rising demand for waste heat boilers from this industry will dictate the waste heat boiler market trends in the forecast period.

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A new report by Fortune Business Insights, titled “Waste Heat Boiler Market Size, Share and Global Trend By Type (Water-tube Boiler, Fire Tube Boiler), By Heat Source (Oil Engine Exhaust, Gas Engine Exhaust, Gas Turbine Exhaust, Incinerator Exit Gases, Kiln and Furnace Gases) By Temperature (Medium, High, Ultra-High), By Orientation (Horizontal, Vertical) By End-Use Industry (Power Generation, Oil and Gas, Chemical and Fertilizer, Steel, Petroleum Refinery, Cement) and Geography Forecast till 2026”, contains an exhaustive analysis of the factors, dynamics, and future prospects that are likely to influence the market during the forecast period. Additionally, the research provided in the report is aimed at empowering businesses with relevant market information so that they make informed decisions and strategize according to the market needs.

Assured Advantages in Utilization of Waste Heat Boiler Systems to Pump the Market

A waste heat boiler system is used to trap waste heat from escaping during production processes. This trapped heat is then used to boil water at higher temperatures or produce steam. The unique properties of this equipment has made it a lucrative factor of production for various industries. Moreover, it entails a variety of environmental and economic benefits. For example, the Bureau of Energy Efficiency of India states that a waste heat boiler installation can significantly reduce fuel consumption which, in turn, will lower flue gas generation from machines. As a result, the need for installing fans and pumps will also go down, leading to cost savings. Furthermore, this equipment can reduce industrial pollution as it traps harmful gases such as carbon monoxide and recovers heat from such pollutants, which contribute to curbing carbon emissions.

Fortune Business Insights covers some of the key companies in the waste heat boiler market:

  • Byworth Boilers Limited
  • VKK Standardkessel GmbH
  • Haldor Tosoe A/S
  • Steinmuller Engineering GmbH
  • Forbes Marshall
  • Thermodyne Engineering System
  • Thermax Limited
  • Takuma Co. Ltd.
  • Clarke Energy

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North America to Lead the Pack; Europe to Follow

Among regions, North America is anticipated to dominate the global waste heat boiler market share on account of consistently high production of chemicals and steel in the US. The well-established chemical industry in Europe will enable the region to stand in the second position in terms of share. In Asia-Pacific, growth is expected to be premised on the increasing steel production in Japan, India, Korea, and China, paving way for exciting sales opportunities in the region. A steadily expanding cement industry in the Middle East and Africa will bode well for the waste heat boiler market size at the global level.

Innovate Product Offerings to Spur Competitive Spirits

Major players are looking to gain a competitive edge in this market by diversifying their product portfolios. This has also led to an increase in the number of contractual agreements being signed between different industry stakeholders. For example, FBM Hudson Italiana and FBM-KNM FZCO, subsidiaries of the KNM Group, secured two multimillion contracts in June 2019 to set up and operate heat exchange facilities for petroleum refineries located in Nigeria. Similarly, in July 2019, Mitsubishi Europe won a contract to establish a gas and steam power plant, which includes two waste heat boilers, to Volkswagen in Germany.

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Major Table of Content ForWaste Heat BoilerMarket:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Waste Heat Boiler Market Analysis, Insights and Forecast, 2026
  6. North America Waste Heat Boiler Market Analysis, Insights and Forecast, 2026
  7. Europe Waste Heat Boiler Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Waste Heat Boiler Market Analysis, Insights and Forecast, 2026
  9. The Middle East and Africa Waste Heat Boiler Market Analysis, Insights and Forecast, 2026
  10. Latin America Waste Heat Boiler Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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