North America Waste Heat Boiler Market (2024-2030) | Size, Outlook, Trends, Companies, Analysis, Industry, Growth, Forecast, Share, Revenue & Value

North America Waste Heat Boiler Market Highlights

Report Name	North America Waste Heat Boiler Market
Forecast Period	2024-2030
CAGR	4.5%
Growing Sector	Oil & Gas

Topics Covered in North America Waste Heat Boiler Market Report

The North America Waste Heat Boiler Market Report thoroughly covers the market by Countries, Temperature, Waste Heat Source, Orientation and End-User. The North America Waste Heat Boiler Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Waste Heat Boiler Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.

North America Waste Heat Boiler Market Synopsis

The North America waste heat boiler market is experiencing significant growth driven by increasing energy efficiency awareness and stringent environmental regulations. Companies are turning to waste boilers to reduce energy costs and carbon emissions. In addition, technological development and increased awareness of the economic benefits of waste heat recovery also accelerate the growth of the market. Major players in the market are adopting strategies such as mergers, acquisitions and development of new products to remain competitive. Overall, the North America waste boiler market is growing well and has growth potential.

According to 6Wresearch, the North America Waste Heat Boiler Market is projected to grow at a CAGR of 4.5% during 2024-2030. One of the main drivers of the North America Waste Heat Boiler market is the growth of energy efficiency and safety, which is driving many businesses to use waste heat recovery systems to reduce operating costs and carbon emissions. Additionally, stringent government regulations and policies to reduce industrial emissions support the deployment of waste heat boilers. Furthermore, increasing awareness of the economic benefits of waste heat recovery accelerates the growth of the market. Moreover, advances in technology have increased the efficiency and effectiveness of waste heat boilers, making them a good choice for many regional businesses.

However, the North America waste boiler market faces many challenges that hinder its growth. One of the main challenges is high startup costs, which prevent many potential entrepreneurs from entering the market. Additionally, lack of awareness and understanding of the benefits of waste heat recovery technology hinders the adoption of this technology. Furthermore, uncertainty and conflicts created by the regulatory environment may affect long-term planning and investments. Finally, the rapid development of technology makes it difficult for companies to keep up with the latest trends and maintain a competitive advantage, thus hindering market growth.

North America Waste Heat Boiler Market: Leading Players

Some of the prominent players in the North America Waste Heat Boiler market include General Electric, Siemens AG, Thermax Limited, Mitsubishi Heavy Industries Ltd. and Forbes Marshall. These companies have a strong presence in the North American market and continue to invest in research and development to create new products and expand their offerings.

North America Waste Heat Boiler Market: Government Initiatives

North American governments have a significant impact on the growth of the Waste Heat Boiler market through a number of initiatives. One of the main initiatives is the U.S. Department of Energy's (DOE) Advanced Manufacturing Office (AMO) program, which funds projects to increase energy efficiency and industrial waste heat. Additionally, companies implementing waste heat recovery systems might receive financial help through state-level incentives like California's Self-Generation Incentive Program (SGIP). Furthermore, the Canadian government's Green Infrastructure Fund promotes the creation and application of waste heat recovery systems as a means of cutting greenhouse gas emissions. Moreover, the Canadian government's ecoENERGY Efficiency program offers financial incentives and assistance to industrial facilities for the implementation of energy-saving initiatives, such as waste heat recovery systems.

Future Insights of the Market 

The North America Waste Heat Boiler market is expected to expand in the coming years. This growth is due to increased attention to energy efficiency and tightening of government rules and regulations. Many industries are working to reduce energy consumption and emissions by using waste heat recovery systems. In addition, the development of technology has also contributed to the growth of the market. Overall, the future of the North America Waste Heat Boiler market looks promising with many opportunities for growth and development.

Market Segmentation by Countries

According to Ravi Bhandari, Research Head, 6Wresearch, the United States segment is the dominant segment in the industry and will continue to grow in the coming years. This expansion is driven by proliferation of companies, stringent government regulations to reduce carbon emissions, and investments in research and development of advanced waste heat boilers.

Market Segmentation by Temperature

Based on Temperature, the medium temperature segment is the leading segment in the industry and will continue to grow in the coming years. This reason for this growth is due to its wide application in industries such as cement, chemical and oil refinery, where waste heat boilers are used to recover heat from exhaust gas at a temperature of 300 -600 °C.

Market Segmentation by Waste Heat Source

On the basis of Waste Heat Source, the gas turbine exhaust segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the increasing use of gas turbines in power plants, as they are more efficient and produce fewer emissions compared to other sources. In addition, government initiatives supporting renewable energy and increase investment in natural gas power plants, further drives the growth of this segment.

Market Segmentation by Orientation

In terms of Orientation, the horizontal segment is the leading segment in the industry and will continue to grow in the coming years. This growth is due to the ease of installation and maintenance, as well as the ability to cope with high pressure and high temperature.

Market Segmentation by End-User

Based on End-User, the oil and gas segment is the dominant segment in the industry and will continue to grow in the coming years. This can be attributed to the widespread use of waste heat boilers in this industry due to their high energy consumption and emission levels. Additionally, increasing investments by oil and gas companies in renewable energy have also contributed to the growth of this segment.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Waste Heat Boiler Market Outlook
• Market Size of North America Waste Heat Boiler Market, 2023
• Forecast of North America Waste Heat Boiler Market, 2030
• Historical Data and Forecast of North America Waste Heat Boiler Revenues & Volume for the Period 2020 - 2030
• North America Waste Heat Boiler Market Trend Evolution
• North America Waste Heat Boiler Market Drivers and Challenges
• North America Waste Heat Boiler Price Trends
• North America Waste Heat Boiler Porter's Five Forces
• North America Waste Heat Boiler Industry Life Cycle
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Temperature for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Medium for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By High for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Ultra High for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Temperature for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Medium for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By High for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Ultra High for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Temperature for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Medium for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By High for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Ultra High for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Waste Heat Source for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Oil Engine Exhaust for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Gas Engine Exhaust for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Gas Turbine Exhaust for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Incinerator Exit Gases for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Cement Plant Kiln Gases for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Steel Plant Furnaces for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Hot Gases from Process for the Period 2020 - 2030
• Historical Data and Forecast of North America Oil Engine Exhaust Waste Heat Boiler Market Revenues & Volume By Glass Furnace Gases for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Waste Heat Source for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Oil Engine Exhaust for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Gas Engine Exhaust for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Gas Turbine Exhaust for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Incinerator Exit Gases for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Cement Plant Kiln Gases for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Steel Plant Furnaces for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Hot Gases from Process for the Period 2020 - 2030
• Historical Data and Forecast of United States Oil Engine Exhaust Waste Heat Boiler Market Revenues & Volume By Glass Furnace Gases for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Waste Heat Source for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Oil Engine Exhaust for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Gas Engine Exhaust for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Gas Turbine Exhaust for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Incinerator Exit Gases for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Cement Plant Kiln Gases for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Steel Plant Furnaces for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Hot Gases from Process for the Period 2020 - 2030
• Historical Data and Forecast of Canada Oil Engine Exhaust Waste Heat Boiler Market Revenues & Volume By Glass Furnace Gases for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Orientation for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Horizontal for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Vertical for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Orientation for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Horizontal for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Vertical for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Orientation for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Horizontal for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Vertical for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By End-User for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Power Generation Utilities for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Oil & Gas for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Chemical for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Primary Metals for the Period 2020 - 2030
• Historical Data and Forecast of North America Waste Heat Boiler Market Revenues & Volume By Non-Metallic Minerals for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By End-User for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Power Generation Utilities for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Oil & Gas for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Chemical for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Primary Metals for the Period 2020 - 2030
• Historical Data and Forecast of United States Waste Heat Boiler Market Revenues & Volume By Non-Metallic Minerals for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By End-User for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Power Generation Utilities for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Oil & Gas for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Chemical for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Primary Metals for the Period 2020 - 2030
• Historical Data and Forecast of Canada Waste Heat Boiler Market Revenues & Volume By Non-Metallic Minerals for the Period 2020 - 2030
• North America Waste Heat Boiler Market - Key Performance Indicators
• North America Waste Heat Boiler Market - Import Export Trade Statistics
• North America Waste Heat Boiler Market - Opportunity Assessment By Countries
• North America Waste Heat Boiler Market - Opportunity Assessment By Temperature
• North America Waste Heat Boiler Market - Opportunity Assessment By Waste Heat Source
• North America Waste Heat Boiler Market - Opportunity Assessment By Orientation
• North America Waste Heat Boiler Market - Opportunity Assessment By End-User
• North America Waste Heat Boiler Market - Top Companies Market Share
• North America Waste Heat Boiler Market - Top Companies Profiles
• North America Waste Heat Boiler Market - Comparison of Players in Technical and Operating Parameters
• North America Waste Heat Boiler Market - Strategic Recommendations

Markets Covered

The report offers a comprehensive study of the subsequent market segments: 

By Countries

• United States
• Canada

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