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The efficient utilization of waste heat from industrial processes can provide a significant source of energy savings for production plants, as well as be a driver of sustainable operations and the abatement of emissions. Industrial waste heat usually is contained in liquid or gaseous outlet streams. Although the possible ways to utilize waste heat are discussed in a wide variety of papers, these either provide only a general overview of utilization options and opportunities or focus on a narrow range of industrial processes. The aim of the present paper is to discuss the practical aspects of waste heat utilization in the European Union so that the reader can gain perspective on (i) the thermal classification of waste heat, (ii) liquid and gaseous waste streams and their typical temperatures for industrial use cases, (iii) the technical, economic, physical, and environmental aspects barring full utilization of the available waste heat, (iv) waste heat sources in various industries, and (v) standardized equipment and technologies applicable to industrial waste heat utilization, including their advantages, disadvantages, and weak points. [ABSTRACT FROM AUTHOR]