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Waste Heat Recovery System Market Analysis and Forecast to 2023 by Key Players General Electric, Echogen Power Systems Inc, Mitsubishi Heavy Industries Ltd, Ormat Technologies, ABB, Amec Foster Wheeler, Cool Energy Inc
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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.
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.
End User Outlook and Trend Analysis
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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.
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.
Competitive Insights
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
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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
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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