Waste Heat Boiler Market Share 2019 Global Industry Analysis by Size, Trend, Forecast, Competitive Analysis and Growth Opportunity 2019-2027
Nov 22, 2019
Market Study Report LLC recently added a new title on 2019-2027 Global Waste Heat Boiler Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2027.
Delaware, Selbyville - November 21, 2019 /MarketersMedia/ —
The global waste heat boiler market is estimated to account US$ 5.78 Bn in 2018 and is expected to grow at a CAGR of 6.4% during the forecast period 2019 - 2027. Thus, the waste heat boiler market is projected to account for US$ 10.03 Bn by 2027. The waste heat boiler market is segment based on the regions i.e. North America, Europe, Asia-Pacific, Middle East and Africa, and South America market.
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The waste heat boiler market is segmented based on orientation i.e., horizontal and vertical. The vertical segment is witnessing significant year on year growth due to factors such as high water level tolerance, low maintenance cost, lesser downtime, and smaller footprint. By the end-user, the waste heat boiler market is segmented as power generation utilities, oil & gas, chemical, primary metals, non-metallic minerals, and others. The oil & gas sector is having the major market share in 2018 due to the factor such as regulations for the reduction of CO2 and standards for energy-efficient solutions. A huge number of players are operating in the waste heat boiler market. The market players are focused on establishing strong relationships with their customers. Also, the players significantly invest in their R&D to stay competitive in the lucrative market.
The Asia-Pacific market is expected to hold major market share during the forecast period and to witness high year-on-year growth during the forecast period. The Asia-Pacific waste heat boiler market is witnessing high demand for waste heat boilers due to increasing adoption of energy efficient solutions among industries. The Asia-Pacific sector is witnessing a significant growth in industrialization and primary metals sector is on the most prominent sector for waste heat boiler market. China, India, and Japan dominates the APAC market and are expected to have huge opportunities for waste heat boiler vendors.
In 2017, Alfa Laval has won an order to supply a waste heat recovery system to a power plant in Southeast Asia. The order valued approximately SEK 50 Mn, and would be installed at a power plant in Indonesia, where the system would recover heat and generate steam for the turbine. Europe is expected to hold the second largest market share in waste heat boiler market. The presence of huge number of industries is creating a significant demand for waste heat boilers and are significantly driving the market. In 2018, Kawasaki Heavy Industries, Ltd. announced the starting of operations for its first VEGA boiler, a new boiler type that generates power using waste heat recovered from cement plants.
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The waste heat source for medium range includes boilers, steam condensate, ethylene furnaces, low-temperature ovens, and hot process solids or liquids. The characteristics of heat released at medium temperature are low power-generation efficiencies, recovery of combustion streams is limited owing to acid concentration in certain low temperatures. The medium temperature occupies very low share as compared to high and ultra-high. The low share is attributed to low waste heat power-generation efficiency at medium temperature. Industries such as F&B, textile, pulp & paper, and chemicals (distillation, boiling, and other such processes) falls under this category.
Some of the major players in the waste heat boiler market include Alfa laval, CiTECH Energy Recovery Solutions (UK) LTD, General Electric, Kawasaki Heavy Industries Ltd., Nooter/Eriksen, Robert Bosch GMBH, Thermax, ThyssenKrupp, Viessmann Group, Zhengzhou Boiler CO. LTD., among others.
Table of Content:
1. Introduction
1.1 Scope of the Study
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Waste Heat Boiler Market Landscape
4.1 Market Overview
4.2 PEST ANALYSIS
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia-Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
5. Waste Heat Boiler Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing government initiatives
5.1.2 Rising energy prices
5.2 Key Market Restraint
5.2.1 Challenges associated with integration of waste heat recovery solutions within existing production process
5.3 Key Market Opportunity
6. Waste Heat Boiler Market - Global Market Analysis
7. Waste Heat Boiler Market Analysis - By Waste Heat Temperature
8. Waste Heat Boiler Market Analysis - By Waste Heat Source
9. Waste Heat Boiler Market Analysis - By Orientation
10. Waste Heat Boiler Market - By End-User
11. Global Waste Heat Boiler Market - Geographic Analysis
12. Waste Heat Boiler Market - Industry Landscape
13. Waste Heat Boiler Market- Company Profiles
For more information on this report at: https://www.marketstudyreport.com/reports/waste-heat-boiler-market-to-2027-global-analysis?utm_source=marketersmedia.com-SP
Related Report:
Global Coal Waste Heat Boiler Market Report 2019 - Market Size, Share, Price, Trend and Forecast
Global Coal Waste Heat Boiler Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Coal Waste Heat Boiler industry. The key insights of the report:
1.The report provides key statistics on the market status of the Coal Waste Heat Boiler manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
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