The development of the world today has largely been achieved through the increasingly efficient and extensive use of various forms of energy. Over the past decades, the growth in energy consumption around the world has shown that fossil fuel energy source alone will not be capable of meeting future energy demands. With the increase in fossil fuel consumptions, more and more industrial activities produce an increasing amount of waste heat. Energy generated as a result of industrial activities that are not practically utilized is referred to as industrial waste heat. Several studies have shown that the specific amount of industrial waste heat is poorly measured, it is estimated that 25 to 55% of the input energy in industries are actually used while the remaining are discharged as waste heat.