Product Code: ETC13406129 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Waste Heat Boiler Market was valued at USD 6.5 Billion in 2024 and is expected to reach USD 9.1 Billion by 2031, growing at a compound annual growth rate of 5.40% during the forecast period (2025-2031).
The Global Waste Heat Boiler Market is witnessing steady growth driven by the increasing focus on energy efficiency and sustainability across industries. Waste heat boilers are used to capture and utilize excess heat generated during various industrial processes, converting it into usable energy, thereby reducing overall energy consumption and operational costs. Key factors contributing to market growth include stringent environmental regulations promoting the adoption of waste heat recovery systems, growing emphasis on energy conservation, and the rising demand for sustainable energy solutions. The market is characterized by technological advancements, increasing investments in research and development, and a growing emphasis on renewable energy sources. Key players in the Global Waste Heat Boiler Market include General Electric, Siemens AG, Thermax, Amec Foster Wheeler, and others.
The Global Waste Heat Boiler Market is witnessing steady growth due to increasing focus on energy efficiency and sustainability across industries. Key trends include the rising adoption of waste heat recovery systems in various sectors such as power generation, chemical, and petroleum industries to reduce greenhouse gas emissions and improve operational efficiency. Additionally, technological advancements in waste heat boiler designs and materials are driving market expansion. Opportunities in the market lie in emerging economies where industrialization is rapidly increasing, presenting a growing demand for waste heat recovery solutions. The shift towards renewable energy sources and stringent environmental regulations also create a favorable landscape for the waste heat boiler market to thrive, offering potential for further market growth and innovation.
The Global Waste Heat Boiler Market faces several challenges, including high initial investment costs, complexity in design and maintenance, and limited awareness among end-users about the benefits of waste heat recovery systems. Additionally, variations in regulations and policies across different regions can create hurdles for market growth and adoption. Competition from alternative energy sources and technologies also poses a challenge for waste heat boilers. Moreover, the lack of standardized guidelines and technical expertise in implementing waste heat recovery systems can hinder market expansion. Overall, addressing these challenges will require industry players to focus on cost-effective solutions, technological advancements, and education initiatives to promote the benefits of waste heat boilers in increasing energy efficiency and reducing carbon emissions.
The Global Waste Heat Boiler Market is primarily driven by the increasing focus on energy efficiency and sustainability across industries. Industries are increasingly looking for ways to recover and utilize waste heat generated during various processes to reduce energy consumption and greenhouse gas emissions. Additionally, stringent government regulations aimed at reducing carbon emissions and promoting the use of renewable energy sources are driving the demand for waste heat boilers. The growing adoption of combined heat and power (CHP) systems and the expansion of industrial sectors such as chemicals, oil & gas, and manufacturing are also contributing to the market growth. Moreover, technological advancements in waste heat recovery systems and the rising awareness about the economic benefits of waste heat utilization are further propelling the market for waste heat boilers.
Government policies related to the global waste heat boiler market typically focus on promoting energy efficiency and reducing greenhouse gas emissions. Many countries have implemented regulations and incentives to encourage industries to invest in waste heat recovery systems, including waste heat boilers, as a way to reduce energy consumption and lower environmental impact. These policies may include tax credits, rebates, and subsidies for implementing waste heat recovery technologies, as well as emission reduction targets and standards that businesses must comply with. Additionally, some governments have introduced energy efficiency mandates that require certain industries to incorporate waste heat recovery systems into their operations. Overall, government policies play a significant role in shaping the growth and development of the waste heat boiler market by creating a favorable environment for investment in sustainable energy solutions.
The Global Waste Heat Boiler Market is expected to witness significant growth in the coming years, driven by increasing industrial activities, stringent environmental regulations, and the growing emphasis on energy efficiency. Waste heat boilers help industries in recovering and utilizing waste heat generated during various processes, thereby reducing energy consumption and greenhouse gas emissions. The market is also likely to benefit from the rising adoption of sustainable practices and the increasing focus on renewable energy sources. Technological advancements and innovations in waste heat boiler designs are further expected to propel market growth. However, challenges such as high initial costs and the complexity of installation and maintenance may hinder the market`s expansion to some extent. Overall, the Global Waste Heat Boiler Market is anticipated to show steady growth in the foreseeable future.
The Global Waste Heat Boiler Market is expected to witness significant growth across various regions. In Asia, rapid industrialization and government initiatives to reduce greenhouse gas emissions are driving the demand for waste heat boilers in countries like China and India. North America is experiencing growth due to stringent environmental regulations and increasing focus on sustainable energy solutions. In Europe, the market is driven by the presence of key manufacturers and a strong emphasis on energy efficiency. The Middle East and Africa region is seeing growth in the waste heat boiler market due to the expanding industrial sector and increasing investments in infrastructure projects. Latin America is also witnessing growth driven by the adoption of waste heat recovery technologies in industries such as oil & gas and chemical processing.
Global Waste Heat Boiler Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Waste Heat Boiler Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Waste Heat Boiler Market Revenues & Volume, 2021 & 2031F |
3.3 Global Waste Heat Boiler Market - Industry Life Cycle |
3.4 Global Waste Heat Boiler Market - Porter's Five Forces |
3.5 Global Waste Heat Boiler Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Waste Heat Boiler Market Revenues & Volume Share, By Temperature, 2021 & 2031F |
3.7 Global Waste Heat Boiler Market Revenues & Volume Share, By Waste Heat Source, 2021 & 2031F |
3.8 Global Waste Heat Boiler Market Revenues & Volume Share, By Orientation, 2021 & 2031F |
3.9 Global Waste Heat Boiler Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Global Waste Heat Boiler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Waste Heat Boiler Market Trends |
6 Global Waste Heat Boiler Market, 2021 - 2031 |
6.1 Global Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Waste Heat Boiler Market, Revenues & Volume, By Medium, 2021 - 2031 |
6.1.3 Global Waste Heat Boiler Market, Revenues & Volume, By High, 2021 - 2031 |
6.1.4 Global Waste Heat Boiler Market, Revenues & Volume, By Ultra High, 2021 - 2031 |
6.2 Global Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Waste Heat Boiler Market, Revenues & Volume, By Oil Engine Exhaust, 2021 - 2031 |
6.2.3 Global Waste Heat Boiler Market, Revenues & Volume, By Gas Engine Exhaust, 2021 - 2031 |
6.2.4 Global Waste Heat Boiler Market, Revenues & Volume, By Gas Turbine Exhaust, 2021 - 2031 |
6.2.5 Global Waste Heat Boiler Market, Revenues & Volume, By Incinerator Exit Gases, 2021 - 2031 |
6.2.6 Global Waste Heat Boiler Market, Revenues & Volume, By Cement Plant Kiln Gases, 2021 - 2031 |
6.2.7 Global Waste Heat Boiler Market, Revenues & Volume, By Steel Plant Furnaces, 2021 - 2031 |
6.2.8 Global Waste Heat Boiler Market, Revenues & Volume, By Hot Gases from Process, 2021 - 2031 |
6.2.9 Global Waste Heat Boiler Market, Revenues & Volume, By Glass Furnace Gases, 2021 - 2031 |
6.3 Global Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Waste Heat Boiler Market, Revenues & Volume, By Horizontal, 2021 - 2031 |
6.3.3 Global Waste Heat Boiler Market, Revenues & Volume, By Vertical, 2021 - 2031 |
6.4 Global Waste Heat Boiler Market, Revenues & Volume, By End-User, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Waste Heat Boiler Market, Revenues & Volume, By Power Generation Utilities, 2021 - 2031 |
6.4.3 Global Waste Heat Boiler Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.4.4 Global Waste Heat Boiler Market, Revenues & Volume, By Chemical, 2021 - 2031 |
6.4.5 Global Waste Heat Boiler Market, Revenues & Volume, By Primary Metals, 2021 - 2031 |
6.4.6 Global Waste Heat Boiler Market, Revenues & Volume, By Non-Metallic Minerals, 2021 - 2031 |
7 North America Waste Heat Boiler Market, Overview & Analysis |
7.1 North America Waste Heat Boiler Market Revenues & Volume, 2021 - 2031 |
7.2 North America Waste Heat Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2021 - 2031 |
7.4 North America Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
7.5 North America Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2021 - 2031 |
7.6 North America Waste Heat Boiler Market, Revenues & Volume, By End-User, 2021 - 2031 |
8 Latin America (LATAM) Waste Heat Boiler Market, Overview & Analysis |
8.1 Latin America (LATAM) Waste Heat Boiler Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Waste Heat Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2021 - 2031 |
8.4 Latin America (LATAM) Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
8.5 Latin America (LATAM) Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2021 - 2031 |
8.6 Latin America (LATAM) Waste Heat Boiler Market, Revenues & Volume, By End-User, 2021 - 2031 |
9 Asia Waste Heat Boiler Market, Overview & Analysis |
9.1 Asia Waste Heat Boiler Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Waste Heat Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2021 - 2031 |
9.4 Asia Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
9.5 Asia Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2021 - 2031 |
9.6 Asia Waste Heat Boiler Market, Revenues & Volume, By End-User, 2021 - 2031 |
10 Africa Waste Heat Boiler Market, Overview & Analysis |
10.1 Africa Waste Heat Boiler Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Waste Heat Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2021 - 2031 |
10.4 Africa Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
10.5 Africa Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2021 - 2031 |
10.6 Africa Waste Heat Boiler Market, Revenues & Volume, By End-User, 2021 - 2031 |
11 Europe Waste Heat Boiler Market, Overview & Analysis |
11.1 Europe Waste Heat Boiler Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Waste Heat Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2021 - 2031 |
11.4 Europe Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
11.5 Europe Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2021 - 2031 |
11.6 Europe Waste Heat Boiler Market, Revenues & Volume, By End-User, 2021 - 2031 |
12 Middle East Waste Heat Boiler Market, Overview & Analysis |
12.1 Middle East Waste Heat Boiler Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Waste Heat Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Waste Heat Boiler Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2021 - 2031 |
12.4 Middle East Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
12.5 Middle East Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2021 - 2031 |
12.6 Middle East Waste Heat Boiler Market, Revenues & Volume, By End-User, 2021 - 2031 |
13 Global Waste Heat Boiler Market Key Performance Indicators |
14 Global Waste Heat Boiler Market - Export/Import By Countries Assessment |
15 Global Waste Heat Boiler Market - Opportunity Assessment |
15.1 Global Waste Heat Boiler Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Waste Heat Boiler Market Opportunity Assessment, By Temperature, 2021 & 2031F |
15.3 Global Waste Heat Boiler Market Opportunity Assessment, By Waste Heat Source, 2021 & 2031F |
15.4 Global Waste Heat Boiler Market Opportunity Assessment, By Orientation, 2021 & 2031F |
15.5 Global Waste Heat Boiler Market Opportunity Assessment, By End-User, 2021 & 2031F |
16 Global Waste Heat Boiler Market - Competitive Landscape |
16.1 Global Waste Heat Boiler Market Revenue Share, By Companies, 2024 |
16.2 Global Waste Heat Boiler Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |