Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Temperature (Medium, High, Ultra High), By Waste Heat Source (Oil Engine Exhaust, Gas Engine Exhaust, Gas Turbine Exhaust, Incinerator Exit Gases, Cement Plant Kiln Gases, Steel Plant Furnaces, Hot Gases from Process, Glass Furnace Gases), By Orientation (Horizontal, Vertical), By End-User (Power Generation Utilities, Oil & Gas, Chemical, Primary Metals, Non-Metallic Minerals) And Competitive Landscape
Product Code: ETC4611909 | Publication Date: Jul 2023 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Waste Heat Boiler Market |
Forecast period | 2024-2030 |
CAGR | 5.9% |
Growing Sector | Chemical |
Europe Waste Heat Boiler Market report thoroughly covers the market by countries, by temperature, by waste heat source by orientation, and by end user. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe Waste Heat Boiler market is expected to grow at a massive rate underpinned by the introduction of some various government initiatives towards sustainable energy practices, increasing focus on reducing carbon emissions, and rising energy costs.
According to 6Wresearch, the Europe Waste Heat Boiler Market size is projected to reach at a CAGR of 5.9% during the forecast period 2024-2030. The market is experiencing a robust expansion, driven by the stringent regulations regarding energy efficiency and carbon emissions, and the growing industrial sector seeking innovative solutions for energy recovery. Key drivers include heightened awareness about sustainable energy practices and the increasing demand for energy-efficient systems within industrial processes. These systems play a crucial role in capturing and reusing the heat from industrial operations, significantly reducing energy consumption, operational costs, and carbon footprints. Trends shaping the Europe Waste Heat Boiler industry point towards technological advancements aimed at enhancing efficiency and adaptability. Integration of IoT and AI for predictive maintenance and operation optimization, as well as developments in materials technology for higher temperature and corrosion resistance, are making these systems more appealing. Furthermore, sectors like cement, iron & steel, and chemicals are emerging as significant contributors to the market growth, driven by their extensive energy recovery needs.
Governments across Europe are implementing various initiatives to promote the adoption of waste heat recovery technologies. For instance, several European countries offer subsidies and tax incentives to industries that adopt energy-efficient practices, including the installation of waste heat boilers. The European Union's focus on reducing carbon emissions has also led to the implementation of strict regulations that encourage the use of such sustainable technologies.
Some key players are operating in the market that are mentioned below:
These players are investing in research and development to improve the efficiency and reliability of waste heat boilers, as well as exploring new applications in industries such as power generation, oil & gas, and food & beverage.
The Europe Waste Heat Boiler market growth is poised for significant development, driven by ongoing advancements in technology and a sustained focus on sustainability. The integration of smart controls and IoT capabilities in waste heat boiler systems is expected to improve efficiency and reduce operational costs, making them more appealing to a wider range of industries. Additionally, the growing emphasis on renewable energy sources and the circular economy could see waste heat recovery playing a pivotal role in Europe's energy strategy.
According to Shivankar, Research Manager, 6Wresearch, Germany is leading in the waste heat boiler market due to its strong focus on energy efficiency and sustainable practices. The country has set ambitious targets for reducing carbon emissions and promoting renewable energy sources, creating a favorable environment for the adoption of waste heat recovery technologies.
Based on the end user, chemical industry is increasing the Europe Waste Heat Boiler Market revenue, influenced by the high energy consumption and the continuous processes that generate substantial amounts of waste heat, making it a prime candidate for waste heat recovery systems.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Waste Heat Boiler Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Waste Heat Boiler Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Waste Heat Boiler Market - Industry Life Cycle |
3.4 Europe Waste Heat Boiler Market - Porter's Five Forces |
3.5 Europe Waste Heat Boiler Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Waste Heat Boiler Market Revenues & Volume Share, By Temperature, 2020 & 2030F |
3.7 Europe Waste Heat Boiler Market Revenues & Volume Share, By Waste Heat Source, 2020 & 2030F |
3.8 Europe Waste Heat Boiler Market Revenues & Volume Share, By Orientation, 2020 & 2030F |
3.9 Europe Waste Heat Boiler Market Revenues & Volume Share, By End-User, 2020 & 2030F |
4 Europe Waste Heat Boiler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Waste Heat Boiler Market Trends |
6 Europe Waste Heat Boiler Market, 2020 - 2030 |
6.1 Europe Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2020 - 2030 |
6.2 Europe Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2020 - 2030 |
6.3 Europe Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2020 - 2030 |
6.4 Europe Waste Heat Boiler Market, Revenues & Volume, By End-User, 2020 - 2030 |
7 Germany Waste Heat Boiler Market, 2020 - 2030 |
7.1 Germany Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2020 - 2030 |
7.2 Germany Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2020 - 2030 |
7.3 Germany Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2020 - 2030 |
7.4 Germany Waste Heat Boiler Market, Revenues & Volume, By End-User, 2020 - 2030 |
8 United Kingdom Waste Heat Boiler Market, 2020 - 2030 |
8.1 United Kingdom Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2020 - 2030 |
8.2 United Kingdom Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2020 - 2030 |
8.3 United Kingdom Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2020 - 2030 |
8.4 United Kingdom Waste Heat Boiler Market, Revenues & Volume, By End-User, 2020 - 2030 |
9 France Waste Heat Boiler Market, 2020 - 2030 |
9.1 France Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2020 - 2030 |
9.2 France Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2020 - 2030 |
9.3 France Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2020 - 2030 |
9.4 France Waste Heat Boiler Market, Revenues & Volume, By End-User, 2020 - 2030 |
10 Italy Waste Heat Boiler Market, 2020 - 2030 |
10.1 Italy Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2020 - 2030 |
10.2 Italy Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2020 - 2030 |
10.3 Italy Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2020 - 2030 |
10.4 Italy Waste Heat Boiler Market, Revenues & Volume, By End-User, 2020 - 2030 |
11 Russia Waste Heat Boiler Market, 2020 - 2030 |
11.1 Russia Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2020 - 2030 |
11.2 Russia Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2020 - 2030 |
11.3 Russia Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2020 - 2030 |
11.4 Russia Waste Heat Boiler Market, Revenues & Volume, By End-User, 2020 - 2030 |
12 Spain Waste Heat Boiler Market, 2020 - 2030 |
12.1 Spain Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2020 - 2030 |
12.2 Spain Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2020 - 2030 |
12.3 Spain Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2020 - 2030 |
12.4 Spain Waste Heat Boiler Market, Revenues & Volume, By End-User, 2020 - 2030 |
13 Rest of Europe Waste Heat Boiler Market, 2020 - 2030 |
13.1 Rest of Europe Waste Heat Boiler Market, Revenues & Volume, By Temperature, 2020 - 2030 |
13.2 Rest of Europe Waste Heat Boiler Market, Revenues & Volume, By Waste Heat Source, 2020 - 2030 |
13.3 Rest of Europe Waste Heat Boiler Market, Revenues & Volume, By Orientation, 2020 - 2030 |
13.4 Rest of Europe Waste Heat Boiler Market, Revenues & Volume, By End-User, 2020 - 2030 |
14 Europe Waste Heat Boiler Market Key Performance Indicators |
15 Europe Waste Heat Boiler Market - Opportunity Assessment |
15.1 Europe Waste Heat Boiler Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Waste Heat Boiler Market Opportunity Assessment, By Temperature, 2020 & 2030F |
15.3 Europe Waste Heat Boiler Market Opportunity Assessment, By Waste Heat Source, 2020 & 2030F |
15.4 Europe Waste Heat Boiler Market Opportunity Assessment, By Orientation, 2020 & 2030F |
15.5 Europe Waste Heat Boiler Market Opportunity Assessment, By End-User, 2020 & 2030F |
16 Europe Waste Heat Boiler Market - Competitive Landscape |
16.1 Europe Waste Heat Boiler Market Revenue Share, By Companies, 2023 |
16.2 Europe Waste Heat Boiler Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |