Waste Heat Recovery System Market Highlights:
The chief market players of the global waste heat recovery system market are Ormat Technologies Inc. (U.S.), Echogen Power Systems Inc. (U.S.), General Electric Co. (U.S.), Cool Energy Inc. (U.S.), Amec Foster Wheeler (U.K.), Econotherm Ltd. (U.K.), Alstom SA (France), Siemens AG (Germany), ABB Ltd. (Switzerland), and Mitsubishi Heavy Industries Ltd. (Japan). Thermax Limited (India), China Energy Recovery Inc. (China), and are among others.
Get Free Sample Report at: https://www.marketresearchfuture.com/sample_request/1355
Global Waste Heat Recovery Market Estimated to Grow to Significantly Over the Forecast Period. The global waste heat recovery market is estimated to showcase significant growth over the forecast period owing to factors such as reduced greenhouse gas emissions, application flexibility, and energy efficiency. According to Market Research Future (MRFR), the market is also driven by constant efforts towards lowering harmful carbon emissions and the growing demand for on-site power generation.
The increasing electricity prices are estimated to raise the deployment of electricity & steam generation. Additionally, important government initiatives for energy conservation and reduction of energy costs are estimated to drive the market. The rising usage of waste heat recovery systems in several industries such as paper & pulp, refineries, heavy metals, petrochemicals, pre-heating chemicals, steam generation, and power generation is expected to contribute substantially to the global market.
Manufacturing companies have started proactively adopting waste heat recovery systems to reduce their conventional energy production and have begun in-house electricity production to reduce operational costs, which is estimated to raise the global waste heat recovery market growth over the forecast period and rise at a significantly higher CAGR by the end of the forecast period.
Alternatively, high investment costs and the complexity of waste heat recovery system designs are a challenge for the market, but extensive R&D is solving these challenges along with initiating improvement in waste heat recovery system designs and installation cost reduction.
Segmental Analysis
The market for global waste heat recovery systems has been segmented on application, end-use, and region.
Based on the mode of end-use, the market is segmented into petroleum refining, chemical, cement, metal production & casting, paper & pulp, and others. The cement industry is estimated as the fastest growing segment of the market, and petroleum refining is leading the end-user segment.
Based on the mode of application, the waste heat recovery system market is segmented into pre-heating, steam and power generation, and others.
Based on the region, the market is segmented into North America, Europe, Asia Pacific and rest of the world.
Regional Analysis
North America is a significant regional market for waste heat recovery systems, with the U.S. being the most important region for the market. The regional market is driven by stringent regulations on energy saving and energy efficiency by the government, and numerous environmental organizations drive the market.
Europe is estimated to report substantial growth and lead the global waste heat recovery system market through the forecast period due to the rising awareness of waste heat recovery systems. Additionally, the European Union has taken supportive initiatives to develop energy through waste heat, which has driven the market growth over the past few years and is likely to contribute the market share significantly over the forecast period.
Asia Pacific region is projected to grow at the highest CAGR through the forecast period owing to factors such as high industrialization and the growing significance for sustainable energy in the steadily developing markets of China and India. Moreover, the rise of the manufacturing sector in these countries like China, Japan, Singapore, and Australia is also anticipated to raise the demand for waste heat recovery systems in cement, paper & pulp, metals, chemicals, and petroleum refining industries.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Application
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
List Of Tables:
Table 1 Global Waste Heat Recovery System Market: By Region, 2017-2023
Table 2 North America Waste Heat Recovery System Market: By Country, 2017-2023
Table 3 Europe Waste Heat Recovery System Market: By Country, 2017-2023
Table 4 Asia Pacific Waste Heat Recovery System Market: By Country, 2017-2023
Table 5 RoW Waste Heat Recovery System Market: By Country, 2017-2023
Table 6 Global Waste Heat Recovery System Market, By Application, By Regions, 2017-2023
Table 7 North America Waste Heat Recovery System Market, By Application, By Country, 2017-2023
Continued…
List Of Figures:
FIGURE 1 RESEARCH APPLICATIONOF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SHARE, BY APPLICATION, 2016 (%)
FIGURE 9 GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
FIGURE 10 GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SHARE, BY END-USER, 2016 (%)
FIGURE 11 GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET, BY END-USER, 2015-2023 (USD MILLION)
Continued…
Browse Full Information At: https://www.marketresearchfuture.com/reports/waste-heat-recovery-market-1355
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/waste-heat-recovery-market-1355