In order to improve the overall efficiency and meet the emission regulations of boiler systems, the heat exchanging methods between inlet air and exhaust gas have been used in boiler systems, named as the waste-heat-recovery condensing boiler. Recently, to further improve the overall efficiency and to reduce the NOx emission simultaneously, the concept of the water injection into the inlet air is introduced. This study suggests the models for the optimized design parameters of water injection for waste-heat-recovery condensing boilers and performs the analysis regarding the water injection amount and droplet sizes for the optimized water injection. At first, the required amount of the water injection was estimated based on the 1st law of thermodynamics under the assumption of complete evaporation of the injected water. The result showed that the higher the inlet air and exhaust gas temperature into the heat exchanger, the larger the amount of injected water is needed. Then two droplet evaporation models were proposed to analyze the required droplet size of water injection for full evaporation of injected water: one is the evaporation model of droplet in the inlet air and the other is that on the wall of heat exchanger. Based on the results of two models, the maximum allowable droplet sizes of water injection were estimated in various boiler operating conditions with respect to the residence time of the inlet air in the heat exchanger.