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
North America Waste Heat Boiler Market By Waste Heat Source
North America Waste Heat Boiler Market By Orientation
North America Waste Heat Boiler Market By End-User
North America Waste Heat Boiler Market By Country
North America Waste Heat Boiler Market-Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1.09 Billion |
| Market Size by 2027 | US$ 1.68 Billion |
| CAGR (2019 - 2027) | 5.0% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Waste Heat Temperature
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Waste Heat Boiler Market is valued at US$ 1.09 Billion in 2018, it is projected to reach US$ 1.68 Billion by 2027.
As per our report North America Waste Heat Boiler Market, the market size is valued at US$ 1.09 Billion in 2018, projecting it to reach US$ 1.68 Billion by 2027. This translates to a CAGR of approximately 5.0% during the forecast period.
The North America 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 North America Waste Heat Boiler Market report:
The North America Waste Heat Boiler Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Waste Heat Boiler Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Waste Heat Boiler Market value chain can benefit from the information contained in a comprehensive market report.
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