Waste Heat Boiler Market Insights Share Detailed Report 2028 – The Insight PartnersPosted by niket gore on August 2nd, 2022 Waste Heat Boiler Market to 2028 - Global Analysis and Forecasts by Waste Heat Temperature (Medium Temperature, High Temperature, and Ultra-High Temperature), Waste Heat Source (Oil Engine Exhaust, Gas Engine Exhaust, Gas Turbine Exhaust, Incinerator Exit Gases, Kiln & Furnace Gases, and Others), Orientation (Horizontal and Vertical), End-user (Power Generation Utilities, Oil & Gas, Chemical, Primary Metals, Non-Metallic Minerals, and Others) The global waste heat boiler market is estimated to account US$ 5.78 Bn in 2018 and is expected to grow at a CAGR of 6.4% during the forecast period 20122 – 2028, to account to US$ 10.03 Bn by 2028.Steam is a vital element in power generation plants, which is a key energy source and fulfils several significant functions, including for turbine operation, as process steam, or for district heating. Thus, heat recovery systems are considered very essential components in several power generation utilities. These components facilitate in increasing the overall efficiency of these plants and minimizes the fuel costs. For instance, several environmental problems can be caused by the fossil fuel power plants owing to their exhaust emissions as well as use of substantial amounts of water. Recovery of heat and water from the flue gas in a thermal power station can help in reducing the emissions as well as water requirements. Many techniques have been developed and implemented to utilize flue gas, which can facilitate in solving these issues. Among these, techniques focused on waste heat are quite attractive. The waste heat boiler by orientation is segmented into horizontal and vertical boilers. The waste heat recovery capacity of each of these boilers depends on the boiler efficiency. Further, the choice of orientation is majorly dependent on the installation site Get Sample Pdf: - https://www.theinsightpartners.com/sample/TIPRE00005362/ The waste heat recovery system offers economical steady power for oil & gas operations, from drilling and production, to midstream and downstream. In oil & gas processing plants substantial amount of energy is frequently consumed to heat as well as cool product streams amongst stages. Further, the oil & gas sector strongly focuses on safety as well as consistency of operations. Thus, technologies for waste heat recovery can be extensively implemented to improve overall plant efficiency, after validating their operation fulfil the industry standards. Presently, maximum large refineries make use of CHP to deliver a share of their process steam and power requirements as well as to improve energy reliability. Most of existing CHP in the oil & gas sector is natural gas, however growth prospects appear in refineries planning expansions as well as upgrades. In 2019, Suncor Energy Inc., a Canadian Energy Company, announced to invest .4 Bn for the replacement of two coke-fired boilers with gas-fired cogeneration units in its oil sands project. This would help the company to reduce greenhouse-gas emissions from steam production at its base plant. Also, TransAlta Corporation signed an agreement with SemCAMS Midstream ULC to construct and operate a new CHP facility at a sour gas processing plant in Alberta. Further, Siemens was selected by Braskem, a Brazilian petrochemical company, to modernize its cogeneration power and steam plant located in Sao Paulo. Waste Heat Boiler Market Insights Attractive government initiatives Industrial waste heat is the energy generated in the core industrial processes of industries such as power generation utilities, oil & gas, chemicals, primary metals, non-metallic minerals, and others and these waste heat are conducted through various waste heat recovery technologies to provide valuable energy sources and reduce the overall energy consumption. According to the U.S. Department of energy, around 20% to 50% of industrial energy is reduced as waste heat in the form of exhaust gases. As the industrial sector continues its effort to enhance its energy efficiency, it would recover waste heat losses, reduces environmental impact, and enhances workflow and productivity. Various government initiatives are one of the key drivers for waste heat boiler market growth. Surge in adoption of energy efficient solutions In the future, the energy-efficient solutions would most likely to witness high demand. Waste heat boiler, an energy-efficient equipment are used to recover waste heat energy and can reduce future operating costs, capital investment, and utility systems costs. 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. Buy Now:- https://www.theinsightpartners.com/buy/TIPRE00005362/ Waste Heat Boiler Market – Waste Heat Temperature Segment Insights Depending on the process type, waste heat can be released at nearly any temperature in an industrial furnace or kiln. Typically most of the waste heat generated in the high temperature originates from direct combustion processes; heat generated in the medium range comes from the exhaust of combustion units; and heat generated in the low temperature range comes from products, parts, and the process unit equipment. Waste Heat Boiler Market – Waste Heat Source Segment Insights Energy intensive processes in industries, including processes occurring at steel mills, refineries, glass furnaces, and cement kilns, releases hot exhaust gases as well as waste streams which are capable to be harnessed with heat recovery technologies, such as waste heat boiler, to generate electricity. Waste Heat Boiler Market – Orientation Segment Insights The waste heat boiler market by orientation is segmented into horizontal and vertical boilers. The waste heat recovery capacity of each of these boilers depends on the boiler efficiency. Further, the choice of orientation is majorly dependent on the installation site. Vertical boilers are usually preferred at small and narrow application, however horizontal boilers are mostly deployed at spacious site. Both of these boilers are different in terms of application area, thus the choice completely depends on the customers’ requirements. Waste Heat Boiler Market – End-user Segment Insights A considerable energy amount used by different industries is wasted as heat leaving industrial facilities. These include air streams, exhaust gases, and liquids. Though it is not economically and technically viable to recuperate all waste heat, a certain amount of this heat can be recovered through various heat recovery procedures. According to a study, waste-heat recovery can substitute around 9% of the total energy used by industries in the US, which would eventually help enhance the US global competitiveness. It would further help to mitigate emissions of greenhouse gases. Global Waste Heat Boiler Market - Company Profiles
About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Sameer Joshi E-mail: sales@theinsightpartners.com Phone: +1-646-491-9876 Like it? Share it! More by this author |