Europe Waste Heat Boiler Market to Reach US$ 2.26 Bn at a CAGR of 5.9% in 2027

The waste heat boiler market in Europe is expected to grow from US$ 1.36 Bn in 2018 to US$ 2.26 Bn by the year 2027. This represents a CAGR of 5.9% from the year 2019 to 2027.

Waste heat boilers are used in various industrial applications; the equipment also integrates with multiple machines, which sometimes might face technical and economic barriers that can hinder their wider application. Today, numerous machines are already integrating with waste heat boilers, such as waste heat recovery technologies. However, the challenge is that heat recovery technologies are not always economical for a given application. Due to integration, the cost of systems would increase. The capital cost to implement a waste heat boilers integrated with waste heat recovery system might be high; the integration might include additional equipment, which requires additional floor area and maintenance cost. The key factors hindering the market growth are long payback periods, material constrain & cost, economies of scale, and operational & maintenance cost.

Vendors are highly focused on identifying technical issues and pursuing R&D that enables the wide-scale use of waste heat boilers. R&D areas include materials and designs to extend equipment life, lessen maintenance time intervals, and offer reliable & consistent performance for several years. Emerging technologies provide enhanced recovering waste heat as compared to traditional methods. For instance, the Kalina cycle is one of the successful techniques of recovering low to medium temperature waste heat. Vendors have a massive opportunity by focusing on new technologies that can recover heat from sources not typically considered for heat recoveries such as losses from heated product streams or sidewall losses.

Germany Waste heat boiler market is expected to grow at a good CAGR in the forecast period. Germany is a highly industrialized country, and its economically leading industries include chemicals, automotive, electronics, and food & beverages. Among the countries of EU15, Germany comprises of highest absolute production of CH electricity at present. It is primarily generated from the natural gas combined cycle gas turbines as well as small gas turbines. The figure given below highlights the revenue share of Rest of Europe in the European waste heat boiler market in the forecast period:

Rest of Europe Waste Heat Boiler Market Revenue and Forecasts to 2027 (US$ Mn)

Get more information on this report

Europe Waste Heat Boiler Strategic Insights

Strategic insights for the Europe Waste Heat Boiler provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/europe-waste-heat-boiler-market-strategic-framework.webp

Get more information on this report

Europe Waste Heat Boiler Report Scope

Report Attribute	Details
Market size in 2018	US$ 1.36 Billion
Market Size by 2027	US$ 2.26 Billion
Global CAGR (2019 - 2027)	5.9%
Historical Data	2016-2017
Forecast period	2019-2027
Segments Covered	By Waste Heat Temperature Medium Temperature High Temperature Ultra-High Temperature By Waste Heat Source Oil Engine Exhaust Gas Engine Exhaust Gas Turbine Exhaust Incinerator Exit Gases Kiln & Furnace Gases By Orientation Horizontal Vertical By End-user Power Generation Utilities Oil & Gas Chemical Primary Metals Non-Metallic Minerals
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Alfa Laval CiTECH Energy Recovery Solutions (UK) LTD General Electric Kawasaki Heavy Industries, Ltd Nooter/Eriksen Bosch Group Thermax Thyssenkrupp AG Viessmann Group Zhengzhou Boiler Co., Ltd

Get more information on this report

Europe Waste Heat Boiler Regional Insights

The geographic scope of the Europe Waste Heat Boiler refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.