Asia Pacific Waste Heat Boiler Market to Reach US$ 4.18 Bn at a CAGR of 7.6% in 2027

The waste heat boiler market in Asia-Pacific is expected to grow from US$ 2.17 Bn in 2018 to US$ 4.18 Bn by the year 2027. This represents a CAGR of 7.6% from the year 2018 to 2027.

Waste heat boilers are one of the key energy consumption equipment. These solutions recover the waste heat into steams in order to generate power. 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 offer enhanced recovering waste heat as compared to traditional methods. For instance, the Kalina cycle is one of the successful methods of recovering low to medium temperature waste heat. Vendors have a huge 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.

In the future, the energy-efficient solutions would most likely to witness high demand. Waste heat boiler, energy-efficient equipment, is used to recover waste heat energy and can reduce future operating costs, capital investment, and utility systems costs. 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.

India Waste heat boiler market is expected to grow at a good CAGR in the forecast period. According to IEA, India has enormous potential of combined heat & power systems backed by a growing number of installations of these systems across sugar mill, refinery & petrochemical, and other industrial sectors. Generally, gas & steam turbine major movers used in the CHP systems across India, as it provides a tremendous power generating capacity. Recently, in 2018, the Indian government announced the acquisition of UK combined heat and power firm Edina for enhancing the CHP market in India through the ‘as-a-service’ model. Thereby, such an initiative will further boost the demand for waste heat boiler in the Indian market. The figure given below highlights the revenue share of Rest of Asia-Pacific in the Asia-Pacific waste heat boiler market in the forecast period:

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

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Asia Pacific Waste Heat Boiler Strategic Insights

Strategic insights for the Asia Pacific 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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Asia Pacific Waste Heat Boiler Report Scope

Report Attribute	Details
Market size in 2018	US$ 2.17 Billion
Market Size by 2027	US$ 4.18 Billion
Global CAGR (2018 - 2027)	7.6%
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	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
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

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Asia Pacific Waste Heat Boiler Regional Insights

The geographic scope of the Asia Pacific 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.