South Korea Waste Heat Boiler Market (2025-2031) | Trends, Revenue, Share, Outlook, Value, Size, Growth, Companies, Analysis, Forecast & Industry

South Korea Waste Heat Boiler Market Highlights

Topics Covered in South Korea Waste Heat Boiler Market Report

The South Korea Waste Heat Boiler Market Report meticulously covers the market by Temperature, Waste Heat Source, Orientation and End-User. The South Korea Waste Heat Boiler Market Outlook Report offers an impartial and comprehensive analysis of the ongoing South Korea Waste Heat Boiler Market trends, opportunities/high growth areas, and market drivers. This would support stakeholders to formulate and align their market strategies in line with the current and future market dynamics.

South Korea Waste Heat Boiler Market Synopsis

South Korea Waste Heat Boiler market is projected to experience significant growth due to increased focus on energy efficiency and waste heat recovery solutions. The market's growth is stimulated by the requirement for energy-efficient solutions coupled with technologically superior waste heat recovery methods.

According to 6Wresearch, The South Korea Waste Heat Boiler Market size is expected to grow at a CAGR of 8.8% during 2025-2031. The increasing demand for diverse types of heat recovery technologies, due to urgency in sustainable energy needs, drives the market growth. More specialized End-Users are needed for complex heat recovery programs, leading to an increased use of advanced waste heat boiler technologies. Improvements in infrastructure, market segmentation strategies, and tailored solutions for niche markets are driving market growth. Furthermore, the national emphasis on environmental sustainability and the need for efficient energy generation methods are propelling the Waste Heat Boiler market in South Korea.

Despite the growing demand for waste heat boilers in South Korea, the market faces several challenges such as the variability and quality of waste heat sources available for recovery. The temperature, flow rate, and consistency of waste heat streams from industrial processes can differ, making it challenging to design and optimize waste heat boilers effectively to capture and utilize this energy efficiently.

South Korea Waste Heat Boiler Market: Key Players

The South Korea Waste Heat Boiler Market is experiencing significant growth, with key players like Samsung, Hyundai and LG. These industry leaders are recognized for their technologically superior and robust heat recovery solutions. They focus on innovative designs and customer-centric strategies to reinforce their market positions. Their energy solutions are known for performance, safety, and efficiency, catering to varied waste heat recovery needs.

Government Policy of the Market

The government offers Feed-in Tariffs to heat recovery generators, providing a guaranteed payment for the energy they produce. This incentivizes heat recovery production and supports the economic viability of heat recovery projects. South Korea Green Growth Strategy outlines the country's commitment to sustainable development and low-carbon growth. This strategy includes initiatives to promote heat recovery technologies, reduce greenhouse gas emissions, and drive innovation in the green economy. The government has introduced carbon pricing mechanisms, such as emissions trading schemes, to put a price on carbon emissions and incentivize the transition to cleaner energy sources. This helps internalize the environmental costs of fossil fuel usage and encourages investment in heat recovery.

Future Insights of the Market

The market is likely to witness a surge in technological advancements in waste heat boiler design and capabilities. Innovations such as improved energy systems, advanced communication systems, and enhanced safety features are expected to shape the future of waste heat recovery in South Korea. With an increasing focus on energy efficiency and modernization of waste heat recovery infrastructure, the South Korea Waste Heat Boiler Market is projected to expand in terms of market size and the deployment of specialized technologies tailored to meet evolving needs. The growing emphasis on environmental sustainability and energy efficiency is likely to influence the development of eco-friendly waste heat boilers in the market.

Market Segmentation By Temperature

According to Dhaval, Research Manager, 6Wresearch, In the South Korea Waste Heat Boiler Market, medium temperature boilers are experiencing significant growth due to the wide availability and efficient heat recovery potential of these boilers.

Market Segmentation By Waste Heat Source

The segment of the South Korea Waste Heat Boiler Market that is experiencing notable growth is the utilization of waste heat sources from Gas Turbine Exhaust. Gas turbines are commonly used in various industrial sectors in South Korea, including power generation, oil and gas, chemical processing, and manufacturing.

Market Segmentation By Orientation

Vertical Orientation is experiencing significant growth. In industries where space is limited or where the layout of the facility favors vertical installations, vertical waste heat boilers offer a practical solution for integrating heat recovery systems without occupying excessive floor space.

Market Segmentation By End-Users

The oil and gas industry in South Korea utilizes waste heat boilers to capture and utilize excess heat generated during refining, processing, and petrochemical operations.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• South Korea Waste Heat Boiler Market Outlook
• Market Size of South Korea Waste Heat Boiler Market, 2024
• Forecast of South Korea Waste Heat Boiler Market, 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Revenues & Volume for the Period 2021 - 2031
• South Korea Waste Heat Boiler Market Trend Evolution
• South Korea Waste Heat Boiler Market Drivers and Challenges
• South Korea Waste Heat Boiler Price Trends
• South Korea Waste Heat Boiler Porter's Five Forces
• South Korea Waste Heat Boiler Industry Life Cycle
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Temperature for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Medium for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By High for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Ultra High for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Waste Heat Source for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Oil Engine Exhaust for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Gas Engine Exhaust for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Gas Turbine Exhaust for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Incinerator Exit Gases for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Cement Plant Kiln Gases for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Steel Plant Furnaces for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Hot Gases from Process for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Glass Furnace Gases for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Orientation for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Horizontal for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Vertical for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Power Generation Utilities for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Chemical for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Primary Metals for the Period 2021 - 2031
• Historical Data and Forecast of South Korea Waste Heat Boiler Market Revenues & Volume By Non-Metallic Minerals for the Period 2021 - 2031
• South Korea Waste Heat Boiler Import Export Trade Statistics
• Market Opportunity Assessment By Temperature
• Market Opportunity Assessment By Waste Heat Source
• Market Opportunity Assessment By Orientation
• Market Opportunity Assessment By End-User
• South Korea Waste Heat Boiler Top Companies Market Share
• South Korea Waste Heat Boiler Competitive Benchmarking By Technical and Operational Parameters
• South Korea Waste Heat Boiler Company Profiles
• South Korea Waste Heat Boiler Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Temperature

• Medium
• High
• Ultra High

By Waste Heat Source

• Oil Engine Exhaust
• Gas Engine Exhaust
• Gas Turbine Exhaust
• Incinerator Exit Gases
• Cement Plant Kiln Gases
• Steel Plant Furnaces
• Hot Gases From Process
• Glass Furnace Gases

By Orientation

• Horizontal
• Vertical

By End-User

• Power Generation Utilities
• Oil & Gas
• Chemical
• Primary Metals
• Non-Metallic Minerals