Waste Heat Recovery System Market is expected to undergo a CAGR of 9.30% during the forecast period 2022 to 2029.
Market Analysis and Insights Waste Heat Recovery System Market
Waste heat is the energy which is generated in the commercial sectors or other industries, and this heat goes to waste instead of re-utilization. Many companies are using effective methods to harvest this energy in use in upcoming period. They are utilizing heat recovery systems to decrease energy loss and using it efficiently. Several heat recovery methods are used for recycling energy due to this, the demand for the waste heat recovery technology is growing.
The demand for the power and steam generation is rising across the globe which eventually upsurge the demand of the waste heat recovery system for the generation of power and steam. Ongoing efforts to reduce GHG emissions and increase electricity prices are expected to boost the waste heat recovery system deployment for power and steam generation. Increasing demand for onsite power generation and rising focus on improving plant efficiency are also some of the other factors likely to drive the market growth.
Rising energy use, rising electricity prices and economic development are all significant factors for the growth of the waste heat recovery market. The use of energy in several sectors to manufacture products is progressively increasing. The need for energy has augmented in industrialized regions because industrialization has occurred. Companies are developing several strategies to convert waste heat into energy because the demand for the energy grows. As a result of this, it is boosting the growth of the waste heat recovery market. According to data from the United States Energy Information Administration, the primary energy usage was 93 quadrillion Btu. Thus, these factors are projected to propel the growth of the waste heat recovery system market.
Waste Heat Recovery System Market Scope
The waste heat recovery system market is segmented on the basis of application, end-user industry, temperature, technology and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Preheating
- Steam & Electricity Generation
- Recuperators, Regenerators
- Economizers
- Other Application
End-User Industry
- Petroleum Refining
- Meta Production
- Cement
- Chemical
- Paper & Pulp
- Others
Temperature
- <230 °C
- 230-650 °C
- >650 °C
Technology
- Complete Closed Loop Systems
- Combustion Air Preheat Systems
- High Particulate Systems
Type
- Gas and Diesel Cogeneration Systems
- Boiler Exhaust Stack Economizer Systems
- Fume Incineration Systems
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Waste Heat Recovery System Market Country Level Analysis
The countries covered in the waste heat recovery system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Waste Heat Recovery System Market Share Analysis
The Waste Heat Recovery System Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Waste Heat Recovery System Market.
Key Players Waste Heat Recovery System Market
- Alstom (France)
- ABB (Switzerland)
- John Wood Group PLC (U.K.)
- Ormat Technologies Inc. (U.S.)
- General Electric (U.S.)
- Mitsubishi Heavy Industries Ltd. (Japan)
- Echogen Power Systems Inc. (U.S.)
- Econotherm Limited (U.K.)
- Thermax Limited (India)
- Siemens (Germany)
- Cool Energy Inc. (U.S.)
- DEC (China)
- Harbin Electric Corporation co.,Ltd (China)
- BIHL (U.K.)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Waste Heat Recovery System Market by Product & Procedure type
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