Product Code: ETC13246331 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Waste Heat Recovery Boiler Market was valued at USD 7.1 Billion in 2024 and is expected to reach USD 11.3 Billion by 2031, growing at a compound annual growth rate of 6.04% during the forecast period (2025-2031).
The Global Waste Heat Recovery Boiler Market is witnessing significant growth driven by increasing energy efficiency regulations and the demand for sustainable energy solutions. Waste heat recovery boilers are designed to capture and utilize excess heat generated during industrial processes, thereby improving overall energy efficiency and reducing greenhouse gas emissions. Key market players are focusing on technological advancements to enhance the efficiency and performance of waste heat recovery boilers. The market is also benefiting from the rising adoption of combined heat and power systems in various industries. Regionally, Asia Pacific is expected to dominate the market due to rapid industrialization and government initiatives to promote energy conservation. Overall, the Global Waste Heat Recovery Boiler Market is poised for steady growth in the coming years.
The Global Waste Heat Recovery Boiler Market is experiencing significant growth due to the increasing emphasis on energy efficiency and sustainability across industries. The market is witnessing a surge in demand for waste heat recovery boilers driven by stringent environmental regulations and the rising cost of energy. Industries such as chemical, cement, and oil & gas are actively adopting waste heat recovery systems to reduce greenhouse gas emissions and operational costs. Additionally, the integration of advanced technologies such as heat pumps and Organic Rankine Cycle (ORC) systems is opening up new opportunities for market expansion. With the growing focus on reducing carbon footprints and maximizing energy utilization, the Global Waste Heat Recovery Boiler Market is projected to continue its upward trajectory, offering promising prospects for industry players and investors alike.
In the Global Waste Heat Recovery Boiler Market, several challenges are faced, including high initial investment costs, limited awareness about the benefits of waste heat recovery systems, and the lack of consistent government policies and regulations supporting the adoption of such technologies. Additionally, the complexity of integrating waste heat recovery systems into existing industrial processes and the varying efficiency levels of different technologies also pose challenges for market growth. Furthermore, the economic downturn and uncertainty in the global market can impact the willingness of industries to invest in energy-saving solutions like waste heat recovery boilers. Overcoming these challenges requires industry players to focus on developing cost-effective and efficient solutions, increasing awareness through education and outreach programs, and advocating for supportive policies and incentives to drive widespread adoption of waste heat recovery technologies.
The Global Waste Heat Recovery Boiler Market is primarily driven by increasing focus on energy efficiency and sustainability across various industries. Companies are adopting waste heat recovery boilers to capture and utilize excess heat generated during industrial processes, thereby reducing energy costs and greenhouse gas emissions. Government regulations promoting the use of energy-efficient technologies, rising energy prices, and growing awareness about the environmental impact of traditional energy sources are also fueling the market growth. Additionally, the development of advanced technologies and innovations in waste heat recovery systems are further driving the market expansion as industries seek to optimize their operations and reduce their carbon footprint. Overall, the demand for waste heat recovery boilers is expected to continue growing as industries strive to enhance operational efficiency and environmental performance.
Government policies related to the global waste heat recovery boiler market vary by region. In the European Union, there are stringent regulations aimed at reducing greenhouse gas emissions, leading to an increased adoption of waste heat recovery systems. In the United States, initiatives such as the Clean Power Plan and tax incentives for energy-efficient technologies have encouraged the implementation of waste heat recovery boilers in industries. In countries like China and India, where industrial growth is rapid, there is a growing emphasis on energy efficiency and sustainability, driving the demand for waste heat recovery boilers. Overall, government policies around the world are increasingly favoring the adoption of waste heat recovery technologies to promote energy efficiency and reduce environmental impact in industrial processes.
The Global Waste Heat Recovery Boiler Market is poised for significant growth in the coming years as industries worldwide are increasingly focusing on energy efficiency and sustainable practices. Factors driving this market include stringent environmental regulations, the rising cost of energy, and the growing awareness of the benefits of waste heat recovery systems. Additionally, the adoption of waste heat recovery boilers in various industries such as chemical, cement, and metal manufacturing is expected to fuel market expansion. Technological advancements, such as the development of advanced heat exchangers and materials, are further expected to drive market growth. As companies strive to reduce their carbon footprint and improve operational efficiency, the demand for waste heat recovery boilers is likely to surge, making it a lucrative market for manufacturers and suppliers.
In the Global Waste Heat Recovery Boiler Market, Asia is expected to witness significant growth driven by rapid industrialization and increasing awareness about energy efficiency. North America and Europe are also key regions with established industrial sectors and stringent environmental regulations driving the adoption of waste heat recovery boilers. In the Middle East and Africa, the market is poised for growth due to the expanding industrial infrastructure and focus on sustainable practices. Latin America is projected to experience steady growth supported by investments in industries such as oil & gas, cement, and chemicals. Overall, the global waste heat recovery boiler market is set to witness steady expansion across all regions, fueled by the increasing emphasis on sustainable energy solutions and the drive towards reducing carbon emissions.
Global Waste Heat Recovery 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 Recovery Boiler Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Waste Heat Recovery Boiler Market Revenues & Volume, 2021 & 2031F |
3.3 Global Waste Heat Recovery Boiler Market - Industry Life Cycle |
3.4 Global Waste Heat Recovery Boiler Market - Porter's Five Forces |
3.5 Global Waste Heat Recovery Boiler Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Waste Heat Recovery Boiler Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Waste Heat Recovery Boiler Market Revenues & Volume Share, By Waste Heat, 2021 & 2031F |
3.8 Global Waste Heat Recovery Boiler Market Revenues & Volume Share, By Waste Heat Source, 2021 & 2031F |
3.9 Global Waste Heat Recovery Boiler Market Revenues & Volume Share, By End- User, 2021 & 2031F |
4 Global Waste Heat Recovery Boiler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Waste Heat Recovery Boiler Market Trends |
6 Global Waste Heat Recovery Boiler Market, 2021 - 2031 |
6.1 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Water Tube Boiler, 2021 - 2031 |
6.1.3 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Fire Tube Boiler, 2021 - 2031 |
6.2 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Medium Temperature, 2021 - 2031 |
6.2.3 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By High Temperature, 2021 - 2031 |
6.2.4 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Ultra-High Temperature, 2021 - 2031 |
6.3 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Oil Engine Exhaust, 2021 - 2031 |
6.3.3 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Gas Engine Exhaust, 2021 - 2031 |
6.3.4 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Gas Turbine Exhaust, 2021 - 2031 |
6.3.5 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Incinerator Exit Gases, 2021 - 2031 |
6.3.6 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By End- User, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Power Generation Utilities, 2021 - 2031 |
6.4.3 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.4.4 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Chemical, 2021 - 2031 |
6.4.5 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Primary Metals, 2021 - 2031 |
6.4.6 Global Waste Heat Recovery Boiler Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Waste Heat Recovery Boiler Market, Overview & Analysis |
7.1 North America Waste Heat Recovery Boiler Market Revenues & Volume, 2021 - 2031 |
7.2 North America Waste Heat Recovery Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Waste Heat Recovery Boiler Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat, 2021 - 2031 |
7.5 North America Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
7.6 North America Waste Heat Recovery Boiler Market, Revenues & Volume, By End- User, 2021 - 2031 |
8 Latin America (LATAM) Waste Heat Recovery Boiler Market, Overview & Analysis |
8.1 Latin America (LATAM) Waste Heat Recovery Boiler Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Waste Heat Recovery Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Waste Heat Recovery Boiler Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat, 2021 - 2031 |
8.5 Latin America (LATAM) Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
8.6 Latin America (LATAM) Waste Heat Recovery Boiler Market, Revenues & Volume, By End- User, 2021 - 2031 |
9 Asia Waste Heat Recovery Boiler Market, Overview & Analysis |
9.1 Asia Waste Heat Recovery Boiler Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Waste Heat Recovery Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Waste Heat Recovery Boiler Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat, 2021 - 2031 |
9.5 Asia Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
9.6 Asia Waste Heat Recovery Boiler Market, Revenues & Volume, By End- User, 2021 - 2031 |
10 Africa Waste Heat Recovery Boiler Market, Overview & Analysis |
10.1 Africa Waste Heat Recovery Boiler Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Waste Heat Recovery Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Waste Heat Recovery Boiler Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat, 2021 - 2031 |
10.5 Africa Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
10.6 Africa Waste Heat Recovery Boiler Market, Revenues & Volume, By End- User, 2021 - 2031 |
11 Europe Waste Heat Recovery Boiler Market, Overview & Analysis |
11.1 Europe Waste Heat Recovery Boiler Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Waste Heat Recovery Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Waste Heat Recovery Boiler Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat, 2021 - 2031 |
11.5 Europe Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
11.6 Europe Waste Heat Recovery Boiler Market, Revenues & Volume, By End- User, 2021 - 2031 |
12 Middle East Waste Heat Recovery Boiler Market, Overview & Analysis |
12.1 Middle East Waste Heat Recovery Boiler Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Waste Heat Recovery Boiler Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Waste Heat Recovery Boiler Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Waste Heat Recovery Boiler Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat, 2021 - 2031 |
12.5 Middle East Waste Heat Recovery Boiler Market, Revenues & Volume, By Waste Heat Source, 2021 - 2031 |
12.6 Middle East Waste Heat Recovery Boiler Market, Revenues & Volume, By End- User, 2021 - 2031 |
13 Global Waste Heat Recovery Boiler Market Key Performance Indicators |
14 Global Waste Heat Recovery Boiler Market - Export/Import By Countries Assessment |
15 Global Waste Heat Recovery Boiler Market - Opportunity Assessment |
15.1 Global Waste Heat Recovery Boiler Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Waste Heat Recovery Boiler Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Waste Heat Recovery Boiler Market Opportunity Assessment, By Waste Heat, 2021 & 2031F |
15.4 Global Waste Heat Recovery Boiler Market Opportunity Assessment, By Waste Heat Source, 2021 & 2031F |
15.5 Global Waste Heat Recovery Boiler Market Opportunity Assessment, By End- User, 2021 & 2031F |
16 Global Waste Heat Recovery Boiler Market - Competitive Landscape |
16.1 Global Waste Heat Recovery Boiler Market Revenue Share, By Companies, 2024 |
16.2 Global Waste Heat Recovery Boiler Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |