(MENAFN- America News Hour) Waste heat boiler market will witness robust growth
owing to rising industrialization coupled with growing investment toward
retrofitting of existing industrial facilities. Additionally, positive outlook
toward deployment of energy efficient technologies along with growing focus
toward adoption of trash heat recovery systems will drive the industry growth.
Growing demand for continuous electricity supply from
developing economies has resulted in increased investments towards cleaner
technologies which will stimulate the waste heat boiler market. In addition,
stringent government regulations to limit the carbon emissions from existing
power plants will positively impact the business growth.
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Efforts toward energy optimization across heavy industries
coupled with introduction of stringent emission norms will propel the waste
heat boiler market over the forecast time period. High heat retrieval capacity,
low fuel cost, minimum fuel consumption and low carbon footprint are some of
the key features which will further enhance the industry landscape.
Positive outlook toward food & beverage, and chemical
industries coupled with growing demand for onsite power generation will drive
the waste heat boiler market. Additionally, effective implementation of
policies towards pollution control by respective governments will positively
impact the deployment of these systems across energy intensive industries.
The above information is
provided on a regional and country basis for the following (Waste heat boiler market):
- North
America - Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia
Pacific - China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Latin
America - MEA
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Growing industrialization across emerging economies coupled
with ongoing expansion of petrochemical industries will drive the high
temperature waste heat boiler market. For instance, as per the BP statistics,
global per day refining capacity has reached to 98,139 thousand barrels in 2017
as compared to 92, 513 thousand barrels in 2010. Policy makers across the globe
are focusing towards deployment of cost-effective technologies to recover
exhaust heat from industrial processes which will further enhance the business
growth.
Waste heat boiler market by oil engine exhaust will witness growth
owing to positive outlook toward cement, metal manufacturing and textile
industries. Alliance for American Manufacturing, Mon Valley Works, in 2019,
announced to invest over USD 1 billion toward energy efficiency enhancement at
its U.S. facility.
Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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