North America Waste Heat Boiler Market Trends and Analysis by 2027

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)

North America Waste Heat Boiler Market–Segmentation

North America Waste Heat Boiler Market By Waste Heat Temperature

• Medium Temperature
• High Temperature
• Ultra-High Temperature

North America Waste Heat Boiler Market By Waste Heat Source

• Oil Engine Exhaust
• Gas Engine Exhaust
• Gas Turbine Exhaust
• Incinerator Exit Gases
• Kiln & Furnace Gases
• Others

North America Waste Heat Boiler Market By Orientation

• Horizontal
• Vertical

North America Waste Heat Boiler Market By End-User

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

North America Waste Heat Boiler Market By Country

• US
• Canada
• Mexico

North America Waste Heat Boiler Market-Companies Mentioned

• 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

North America Waste Heat Boiler Report Scope