Waste Heat Recovery System Market Worth USD 74.72 Billion By 2023 With Major Players: General Electric, Echogen Power Systems Inc, Mitsubishi Heavy Industries Ltd, Ormat Technologies, ABB, Amec Foster Wheeler, Cool Energy Inc, Thermax, Econotherm Limited
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The Waste Heat Recovery System Market was worth USD 41.23 billion in 2014 and is expected to reach approximately USD 74.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.83% during the forecast period. A waste heat recovery unit (WHRU) is an energy recovery heat exchanger that exchanges heat from process yields at high temperature to other sections of the procedure for some reason, usually expanded efficiency. The WHRU is a tool engaged with cogeneration. Waste heat might be derived from sources, for example, steam from cooling towers, hot flue gases from a diesel generator, or even waste water from cooling procedures, for example, in steel cooling.
The major players in the market are General Electric, Echogen Power Systems Inc, Mitsubishi Heavy Industries Ltd, Ormat Technologies, ABB, Amec Foster Wheeler, Cool Energy Inc, Thermax, Econotherm Limited and Siemens. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Regional Outlook and Trend Analysis:
North America is anticipated to witness a direct development rate. Asia-Pacific is foreseen to be the quickest developing WHR system market, which is sponsored by appeal from WHR system in the bond business in light of the developing development segment. The existence of real creating nations, for example, China, India, and South Korea additionally drive the WHR system market in the locale.
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The Waste Heat Recovery System Market is segmented as follows-
By Application: Steam & electricity generation, Preheating & Others
By End User: Metal production, Chemical, Petroleum refining, Cement, Paper & pulp & Others
By Region: North America: (U.S., Canada & Mexico), Europe: (Germany, UK, France, Russia, Italy & Rest of Europe), Asia-Pacific: (China, Japan, South Korea, India, Southeast Asia & Rest of Asia-Pacific), South America: (Brazil, Argentina, Columbia, South Africa & Rest of South America) and Middle East and Africa: (Saudi Arabia, UAE, Egypt, Nigeria, South Africa & Rest of MEA)
Application Outlook and Trend Analysis:
The steam & electricity generation application section commanded the WHR system market in 2015. The market in this application is likewise anticipated that would encounter significant CAGR over the forecast period inferable from developing requirement for energy in several regions.
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End User Outlook and Trend Analysis:
The WHRS market is characterized in light of end-use industry into metal production, petroleum refining, chemical, cement, paper & pulp, and others. The market is commanded by the petroleum refining end-use industry. In this industry, WHRS is used for different procedures, for example, catalytic, distillation, thermal cracking, and treatment.
Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
188.8.131.52. Government Regulations & Incentives
184.108.40.206. Need for Energy Efficient Equipment
220.127.116.11. Cost Restriction
18.104.22.168. Temperature Restraints
22.214.171.124. Emerging Markets to Offer Lucrative Growth Opportunities
Chapter 4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2014-2023)
4.1.2. Canada Market States and Outlook (2014-2023)
4.1.3. Mexico Market States and Outlook (2014-2023)
Chapter 5. Waste Heat Recovery System Market, By Application
5.2. Global Waste Heat Recovery System Revenue and Market Share by Application (2014-2018)
5.2.1. Global Waste Heat Recovery System Revenue and Revenue Share by Application (2014-2018)
5.3.1. Global Preheating Revenue and Growth Rate (2014-2018)
5.4. Steam & Electricity Generation
5.4.1. Global Steam & Electricity Generation Revenue and Growth Rate (2014-2018)
5.5. Other Applications
5.5.1. Global Other Applications Revenue and Growth Rate (2014-2018)
…Read Full Table of Contents
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