The latest report by IMARC Group, titled “ Waste Heat Recovery Boiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“,The global waste heat recovery boiler market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
A waste heat recovery boiler (WHRB) refers to equipment designed to reduce the waste of heat generated by industrial plants. It is commonly used in factories that produce steel, cement, non-ferrous metals, and chemicals such as ethylene, ammonia, sulfuric acid, and nitric acid. Waste heat recovery (WHR) systems play a crucial role in thermal power plants by allowing the reuse of flue gases for pre-drying and co-generation purposes and enhancing the overall thermal efficiency of the plant. Along with gas turbines and combined heat/power units, this boiler is used to recover the waste heat energy and convert it into steam or hot water for further utilization. This recovered heat can be used for re-heating applications, generating electricity by driving turbines, compressing vapors, and pumping liquids. It helps improve plant efficiency and reduces the process costs and consumption of utilities. As a result, WHRB finds extensive applications in energy-intensive industries, including heavy metal manufacturing, chemical, cement, glass, and petroleum refining across the globe.
For an in-depth analysis, you can refer sample copy of the report:https://www.imarcgroup.com/waste-heat-recovery-boiler-market/requestsample
Waste Heat Recovery Boiler Market Trends and Drivers:
A waste heat recovery boiler (WHRB) refers to equipment designed to reduce the waste of heat generated by industrial plants. It is commonly used in factories that produce steel, cement, non-ferrous metals, and chemicals such as ethylene, ammonia, sulfuric acid, and nitric acid. Waste heat recovery (WHR) systems play a crucial role in thermal power plants by allowing the reuse of flue gases for pre-drying and co-generation purposes and enhancing the overall thermal efficiency of the plant. Along with gas turbines and combined heat/power units, this boiler is used to recover the waste heat energy and convert it into steam or hot water for further utilization. This recovered heat can be used for re-heating applications, generating electricity by driving turbines, compressing vapors, and pumping liquids. It helps improve plant efficiency and reduces the process costs and consumption of utilities. As a result, WHRB finds extensive applications in energy-intensive industries, including heavy metal manufacturing, chemical, cement, glass, and petroleum refining across the globe.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Water Tube Boiler
- Fire Tube Boiler
Breakup by Waste Heat Temperature:
- Medium Temperature
- High Temperature
- Ultra-High Temperature
Breakup by Waste Heat Source:
- Oil Engine Exhaust
- Gas Engine Exhaust
- Gas Turbine Exhaust
- Incinerator Exit Gases
- Others
Breakup by Orientation:
- Horizontal
- Vertical
Breakup by End-Use Industry:
- Power Generation Utilities
- Oil & Gas
- Chemical
- Primary Metals
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape with Key Player:
- Alfa Laval
- Amec Foster Wheeler
- Robert Bosch
- Forbes Marshall
- General Electric
- Nooter/Eriksen
- Siemens, Thermax
- Thyssenkrupp
- Viessmann
- Zhengzhou Boiler
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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