Global Boiler Waste Heat Recovery System Market Growth 2026-2032
Description
The global Boiler Waste Heat Recovery System market size is predicted to grow from US$ 7052 million in 2025 to US$ 11173 million in 2032; it is expected to grow at a CAGR of 7.0% from 2026 to 2032.
In 2025, global Boiler Waste Heat Recovery System production reached approximately 82,000 units.Each unit is priced between 1,000 and 150,000+.A Boiler Waste Heat Recovery System (BWHRS) is an energy-efficiency system installed on steam or hot-water boilers to capture and reuse thermal energy that would otherwise be lost through flue gas, boiler blowdown, condensate, or auxiliary exhaust streams. By transferring this recovered heat to useful sinks—such as boiler feedwater preheating, makeup water heating, process hot water, space heating, or combustion air preheating—the system reduces fuel consumption, improves overall boiler efficiency, and lowers emissions.
Gross Profit Margin Levels
The gross profit margin of boiler waste heat recovery systems exhibits a typical tiered structure: "Standard Equipment < Customized Heat Exchangers < Complete System Delivery." Non-condensing heat exchangers and blowdown heat exchangers have a high degree of standardization, with costs primarily consisting of metal materials, welding and manufacturing time, pressure/non-destructive testing, insulation, packaging, and transportation. Industry competition leans more towards price and delivery time, with gross profit margins typically ranging from 18% to 35%. When the system enters the deep recovery phase of condensation (flue gas temperature drops below the dew point), material corrosion resistance, condensate collection and neutralization, scaling control, bypass and control strategies significantly raise the technical barriers. If coupled with uninterrupted retrofitting windows and performance guarantees, suppliers can obtain a premium through "solution value" rather than simply equipment, with complete system delivery gross profit margins commonly ranging from 25% to 45%. Leading manufacturers with strong system capabilities (boiler room group control optimization, online monitoring, energy-saving performance guarantees/O&M services) can achieve gross profit margins of 35% to 55% when projects are selected appropriately, but they also bear higher engineering risks and longer payment cycles.
Industry Drivers
The growth of boiler waste heat recovery systems is driven by a combination of factors: energy costs, emission reduction constraints, and upgrades to existing boilers. Firstly, industrial enterprises generally have significant potential for waste heat loss (DOE indicates that approximately 20%–50% of industrial energy input may be lost as waste heat, depending on the process), making "converting heat from chimneys and exhaust outlets into usable heat" a direct and quantifiable cost reduction path. Secondly, regulations and ESG/carbon targets have strengthened the rigid demand for improved boiler energy efficiency, and DOE steam system data provides engineering anchors for project initiation: for example, condensing thermal evaporators can improve system efficiency by "up to approximately 10%" under suitable operating conditions, making it easier for many projects to meet ROI thresholds. Thirdly, the WHRS market continues to grow (CAGR varies from 7% to 10% depending on the institution), coupled with the integration of heat pumps/low-temperature heating and digital energy management, upgrading boiler waste heat recovery from "single-point energy-saving equipment" to "systematic transformation of boiler rooms," driving higher ASPs and broader downstream penetration.
LP Information, Inc. (LPI) ' newest research report, the “Boiler Waste Heat Recovery System Industry Forecast” looks at past sales and reviews total world Boiler Waste Heat Recovery System sales in 2025, providing a comprehensive analysis by region and market sector of projected Boiler Waste Heat Recovery System sales for 2026 through 2032. With Boiler Waste Heat Recovery System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Boiler Waste Heat Recovery System industry.
This Insight Report provides a comprehensive analysis of the global Boiler Waste Heat Recovery System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Boiler Waste Heat Recovery System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Boiler Waste Heat Recovery System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Boiler Waste Heat Recovery System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Boiler Waste Heat Recovery System.
This report presents a comprehensive overview, market shares, and growth opportunities of Boiler Waste Heat Recovery System market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Natural Circulation System
Forced Circulation System
Compound Circulation System
Segmentation by Steam Pressure Rating:
Low-Voltage System
Medium-Voltage System
High-Voltage System
Ultra-High-Voltage System
Segmentation by Waste Heat Transfer Medium Type:
Flue Gas Waste Heat Recovery System
Wastewater Waste Heat Recovery System
Others
Segmentation by Application:
Chemical Industry
Food and Beverage
Paper and Pulp
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Cleaver-Brooks
Bosch Industriekessel
Thermax
Babcock & Wilcox
Mitsubishi Heavy Industries
Dongfang Electric
BHEL
John Cockerill
Miura
Alfa Laval
Rentech Boilers
Babcock Wanson
Viessmann
Fulton
Hurst Boiler & Welding
Clayton Industries
Cochran
Key Questions Addressed in this Report
What is the 10-year outlook for the global Boiler Waste Heat Recovery System market?
What factors are driving Boiler Waste Heat Recovery System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Boiler Waste Heat Recovery System market opportunities vary by end market size?
How does Boiler Waste Heat Recovery System break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
In 2025, global Boiler Waste Heat Recovery System production reached approximately 82,000 units.Each unit is priced between 1,000 and 150,000+.A Boiler Waste Heat Recovery System (BWHRS) is an energy-efficiency system installed on steam or hot-water boilers to capture and reuse thermal energy that would otherwise be lost through flue gas, boiler blowdown, condensate, or auxiliary exhaust streams. By transferring this recovered heat to useful sinks—such as boiler feedwater preheating, makeup water heating, process hot water, space heating, or combustion air preheating—the system reduces fuel consumption, improves overall boiler efficiency, and lowers emissions.
Gross Profit Margin Levels
The gross profit margin of boiler waste heat recovery systems exhibits a typical tiered structure: "Standard Equipment < Customized Heat Exchangers < Complete System Delivery." Non-condensing heat exchangers and blowdown heat exchangers have a high degree of standardization, with costs primarily consisting of metal materials, welding and manufacturing time, pressure/non-destructive testing, insulation, packaging, and transportation. Industry competition leans more towards price and delivery time, with gross profit margins typically ranging from 18% to 35%. When the system enters the deep recovery phase of condensation (flue gas temperature drops below the dew point), material corrosion resistance, condensate collection and neutralization, scaling control, bypass and control strategies significantly raise the technical barriers. If coupled with uninterrupted retrofitting windows and performance guarantees, suppliers can obtain a premium through "solution value" rather than simply equipment, with complete system delivery gross profit margins commonly ranging from 25% to 45%. Leading manufacturers with strong system capabilities (boiler room group control optimization, online monitoring, energy-saving performance guarantees/O&M services) can achieve gross profit margins of 35% to 55% when projects are selected appropriately, but they also bear higher engineering risks and longer payment cycles.
Industry Drivers
The growth of boiler waste heat recovery systems is driven by a combination of factors: energy costs, emission reduction constraints, and upgrades to existing boilers. Firstly, industrial enterprises generally have significant potential for waste heat loss (DOE indicates that approximately 20%–50% of industrial energy input may be lost as waste heat, depending on the process), making "converting heat from chimneys and exhaust outlets into usable heat" a direct and quantifiable cost reduction path. Secondly, regulations and ESG/carbon targets have strengthened the rigid demand for improved boiler energy efficiency, and DOE steam system data provides engineering anchors for project initiation: for example, condensing thermal evaporators can improve system efficiency by "up to approximately 10%" under suitable operating conditions, making it easier for many projects to meet ROI thresholds. Thirdly, the WHRS market continues to grow (CAGR varies from 7% to 10% depending on the institution), coupled with the integration of heat pumps/low-temperature heating and digital energy management, upgrading boiler waste heat recovery from "single-point energy-saving equipment" to "systematic transformation of boiler rooms," driving higher ASPs and broader downstream penetration.
LP Information, Inc. (LPI) ' newest research report, the “Boiler Waste Heat Recovery System Industry Forecast” looks at past sales and reviews total world Boiler Waste Heat Recovery System sales in 2025, providing a comprehensive analysis by region and market sector of projected Boiler Waste Heat Recovery System sales for 2026 through 2032. With Boiler Waste Heat Recovery System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Boiler Waste Heat Recovery System industry.
This Insight Report provides a comprehensive analysis of the global Boiler Waste Heat Recovery System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Boiler Waste Heat Recovery System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Boiler Waste Heat Recovery System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Boiler Waste Heat Recovery System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Boiler Waste Heat Recovery System.
This report presents a comprehensive overview, market shares, and growth opportunities of Boiler Waste Heat Recovery System market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Natural Circulation System
Forced Circulation System
Compound Circulation System
Segmentation by Steam Pressure Rating:
Low-Voltage System
Medium-Voltage System
High-Voltage System
Ultra-High-Voltage System
Segmentation by Waste Heat Transfer Medium Type:
Flue Gas Waste Heat Recovery System
Wastewater Waste Heat Recovery System
Others
Segmentation by Application:
Chemical Industry
Food and Beverage
Paper and Pulp
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Cleaver-Brooks
Bosch Industriekessel
Thermax
Babcock & Wilcox
Mitsubishi Heavy Industries
Dongfang Electric
BHEL
John Cockerill
Miura
Alfa Laval
Rentech Boilers
Babcock Wanson
Viessmann
Fulton
Hurst Boiler & Welding
Clayton Industries
Cochran
Key Questions Addressed in this Report
What is the 10-year outlook for the global Boiler Waste Heat Recovery System market?
What factors are driving Boiler Waste Heat Recovery System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Boiler Waste Heat Recovery System market opportunities vary by end market size?
How does Boiler Waste Heat Recovery System break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
144 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Boiler Waste Heat Recovery System by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Boiler Waste Heat Recovery System by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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