North America Waste Heat Boiler Market to 2027 - By Size, Share, Growth by End User and Forecast| Business Market Insights

The waste heat boiler market in North America is expected to grow from US$ 1.09 Bn in 2018 to US$ 1.68 Bn by the year 2027. This represents a CAGR of 5.0% from the year 2019 to 2027.

The performance of waste heater boilers is a key element in the efforts of commercial facilities to hold down utility costs. For maintenance and engineering procedures in various industries, businesses trying to provide efficient boiler performance, the efficiency of the boiler is decided by the proportion of heat output to the amount of fuel utilized. According to the U.S Department of energy, traditional heating systems generally run between 56% to 70% efficiency, which is a substantial loss in energy savings. However, modern boilers and water heaters run around 80% efficiency, which provides significant energy savings when used in a number of industries. Thus, developing technologies offer promise in recovering waste heat more efficiently rather than traditional.

Furthermore, owing to the large magnitude of steam boilers in various industries, incremental developments in boiler efficiency might continue to provide additional opportunities for energy efficiency. Hence, the growing demand for energy-efficient solutions is acting like a trend in the North America waste heat boilers market. These waste heat boilers lessen the issues related to energy and propose new energy-efficient solutions.

Efficient energy management can be achieved by adding new power transmission or generation capacity. Waste heat boilers are one of the signification examples of efficient energy management. With the growing trend of increasing energy prices and the increasing concern for global warming, industries are highly focused on improving the efficiency of the plants. In this scenario, the implementation of a waste heat boiler in the industrial process is witnessing high adoption. With the increasing energy prices and the increasing focus on efficient energy management, it is expected that the waste heat boiler market will witness high growth during the forecast period.

Canada Waste heat boiler market is expected to grow at a good CAGR in the forecast period. Canada is one of the major suppliers of the ores, semi-fabricated, as well as and fabricated mineral and metal products to over 100 countries globally. This process of fabrication of minerals in the factory generates huge waste, and these waste are used to used generate steam, which can be used for various other purposes through waste heat boilers. Hence, the requirement of a waste heat boiler to be installed in fabrication plants is high, which is fuelling the market. The figure given below highlights the revenue share of Mexico in the North America waste heat boiler market in the forecast period:

Mexico Waste Heat Boiler Market Revenue and Forecasts to 2027 (US$ Mn)

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North America Waste Heat Boiler Strategic Insights

Strategic insights for the North America 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.

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North America Waste Heat Boiler Report Scope

Report Attribute	Details
Market size in 2018	US$ 1.09 Billion
Market Size by 2027	US$ 1.68 Billion
Global CAGR (2019 - 2027)	5.0%
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	North America US Canada Mexico
Market leaders and key company profiles	Alfa Laval Bosch Group CiTECH Energy Recovery Solutions (UK) LTD General Electric Kawasaki Heavy Industries, Ltd Nooter/Eriksen Siemens AG Thermax Thyssenkrupp AG Viessmann Group

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North America Waste Heat Boiler Regional Insights

The geographic scope of the North America 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.