What's driving the Waste Heat to Power Market Share? Notable industry participants Bosch Thermotechnology, IHI Corporation, Forbes Marshall Private, Siemens, AMEC Foster Wheeler, Rentech Boiler Systems, General Electric, Cochran, Exergy, Viessmann, Mitsub
Waste Heat To Power Market size will surpass USD 30 Billion by 2025.resurgent economic growth along with rapid industrialization across key nations will drive the global market growth. Supportive policies coupled with government spending toward infrastructure development will further provide an impetus to the expansion of Energy Intensive Industries (EIIs) which in turn will complement the industry landscape. Furthermore, rising focus to reduce the overall operational cost of industries will thrust the deployment of WHP units.
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The UK market size is set to expand over 13% by 2025. Long term benefits of decarbonization of energy intensive industries and growing focus toward sustainable development have aligned focus toward heat recovery from industrial sector. Furthermore, growing initiatives aimed at reducing the carbon footprint coupled with government policies favoring adoption of energy efficient systems will stimulate the product penetration.
Increased focus toward heat recovery and utilization from industrial waste streams will fuel the market growth. The WHP systems are increasingly gaining prominence across energy-intensive industries owing to their ability to minimize carbon footprints and support clean energy initiatives. Escalating electricity demand and volatile fuel prices will further favor the industry outlook.
Browse key industry insights spread across 240 pages with 362 market data tables & 30 figures & charts from the report, “Waste Heat to Power Market Size By Product (Steam Rankine Cycle, Organic Rankine Cycle, Kalina Cycle), By Application (Petroleum Refining, Cement Industry, Heavy Metal Production, Chemical Industry, Pulp & Paper, Food & Beverage, Glass Industry, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, Italy, France, Belgium, Spain, Russia, China, Australia, India, Japan, South Korea, Philippines, Thailand, Vietnam, UAE, Saudi Arabia, South Africa, Brazil, Argentina), Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
North America market is set to surpass USD 9 billion by 2025. Positive outlook toward industrial sector growth along with respective government policies to support the industrialization efforts will propel the business outlook. Robust expansion across the manufacturing sector on account of increased domestic demand is set to fuel the product demand. Moreover, strengthening focus toward energy conservation with an aim to minimize adverse environmental impacts will significantly contribute toward industry growth.
Notable industry participants in the global market include Bosch Thermotechnology, IHI Corporation, Forbes Marshall Private, Siemens, AMEC Foster Wheeler, Rentech Boiler Systems, General Electric, Cochran, Exergy, Viessmann, Mitsubishi Hitachi Power Systems, AC Boilers, Thermax, Walchandnagar, Dürr Group and Ormat.
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