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)
Europe Waste Heat Boiler Market–Segmentation
Europe Waste Heat Boiler Market By Waste Heat Temperature
Europe Waste Heat Boiler Market By Waste Heat Source
Europe Waste Heat Boiler Market By Orientation
Europe Waste Heat Boiler Market By End-User
Europe Waste Heat Boiler Market By Country
Europe Waste Heat Boiler Market-Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1.36 Billion |
| Market Size by 2027 | US$ 2.26 Billion |
| CAGR (2019 - 2027) | 5.9% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Waste Heat Temperature
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Waste Heat Boiler Market is valued at US$ 1.36 Billion in 2018, it is projected to reach US$ 2.26 Billion by 2027.
As per our report Europe Waste Heat Boiler Market, the market size is valued at US$ 1.36 Billion in 2018, projecting it to reach US$ 2.26 Billion by 2027. This translates to a CAGR of approximately 5.9% during the forecast period.
The Europe Waste Heat Boiler Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Waste Heat Boiler Market report:
The Europe Waste Heat Boiler Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Waste Heat Boiler Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Waste Heat Boiler Market value chain can benefit from the information contained in a comprehensive market report.
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