Press release
What are the Growth Drivers of Waste Heat Recovery System Market? AC Boilers, Aura GmbH, AMEC Foster Wheeler, Bosch Thermotechnology, D?rr Group, General Electric, Forbes Marshall, Rentech Boiler Systems, Ormat Technologies, Exery SPA, Thermax, Viessman,
UK waste heat recovery system market share is predicted to grow over 7% by 2025. Long term benefits of decarbonization and increasing focus toward sustainable development have increased demand for waste heat recovery system. Ongoing policies and initiatives toward the adoption of energy efficient systems will further stimulate the industry growth.
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Asia-Pacific waste heat recovery system market is set to reach over USD 30 Billion by 2025. Government policies and legislations aimed at reducing carbon footprint coupled with focus toward expansion of industrial centers will stimulate the industry growth. As of 2018, the region accounted for over 50% of the manufacturing value added on account of rise in FDI inflows toward the manufacturing sector on a global scale. Government plans with an objective to achieve sustainable development along with the rising focus toward harmful impact of emissions on environment will boost product adoption across key industries.
Waste heat recovery system market is predicted to reach over USD 80 billion by 2025. Escalating demand for energy efficiency across manufacturing sector along with robust industrial sector growth will stimulate the business growth. Shifting regulatory landscape toward emission control along with stringent emission standards will fuel the adoption of heat recovery systems. Moreover, reduced operational cost along with the transition toward renewable energy sources will contribute toward industry expansion.
Growing focus towards low temperature heat utilization from industrial waste stream sources coupled with efforts to achieve energy optimization will drive WHRS market growth. These units are gaining momentum across the medium scale industries in order to reduce emission levels and achieve low operational costs. Furthermore, growing demand for reliable electricity along with rising fuel prices will complement toward industry expansion.
>6500C WHR system involves SRC technology in which the extraction of steam from the turbines is done in order to pre-heat the boiler feedwater. These systems are installed across cement, glass and heavy metal manufacturing industries for effective and efficient exhaust heat utilization. Cost reduction, greater operational flexibility and technology advancement are few key features that will contribute toward the growth of waste heat recovery system market share.
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Significant players operating across the waste heat recovery systems market include AC Boilers, Aura GmbH, AMEC Foster Wheeler, Bosch Thermotechnology, D?rr Group, General Electric, Forbes Marshall, Rentech Boiler Systems, Ormat Technologies, Exery SPA, Thermax, Viessman, Climeon AB, Boustead International, IHI Corporation, Cochran, Mitsubishi Hitachi Power Systems, Promec Engineering, HRS, Walchandnagar and Siemens.
Table of Content:
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Waste heat recovery system market 360-degree synopsis, 2014 - 2025
2.1.1 Business trends
2.1.2 Application trends
2.1.3 Temperature trends
2.1.4 End-use trends
2.1.5 Regional trends
Chapter 3 Waste Heat Recovery System Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 - 2025 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Regulatory landscape
3.4.1 U.S.
3.4.1.1 Clean Air Act
3.4.1.2 Energy Policy Act
3.4.1.3 Industry Emission Standards
3.4.1.3.1National Ambient Air Quality Standards
3.4.2 Europe
3.4.2.1 EU Directive 2010/75/EU, 2010
3.4.2.2 Emission Regulations
3.4.2.2.1Emission limit values for combustion plants
3.4.3 China
3.4.3.1 The 13th Five-Year Plan (2016-2020)
3.4.4 India
3.4.4.1 Air (Prevention and Control of Pollution) Act
3.4.4.2 National Air Quality Monitoring Program
3.4.4.3 Industry Emission Laws
3.4.4.3.1National Ambient Air Quality Standards, 2009
3.4.4.4 General Emission Standards
3.4.5 South-Africa
3.4.5.1 National Environment Management: Air Quality Act 2004
3.4.5.2 National Framework for Air Quality Management
3.4.5.3 National Ambient Air Quality Standards,2009
3.5 Technology landscape
3.5.1 Topping Cycle CHP
3.5.2 Waste Heat to Power /Bottoming Cycle CHP
3.6 Cost Structure
3.6.1 Steam Rankine Cycle
3.6.2 Organic Rankine Cycle
3.7 Heat Integration Analysis
Chapter 4 Waste Heat Recovery System Market, By Application
4.1 Waste heat recovery system market share by application, 2018 & 2025
4.2 Pre-Heating
4.2.1 Global market from pre-heating, 2014 - 2025
4.2.1 Global market from pre-heating by region, 2014 - 2025
4.3 Electricity & Steam Generation
4.3.1 Global market from electricity & steam generation, 2014 - 2025
4.3.2 Global market from electricity & steam generation by region, 2014 - 2025
4.3.3 Steam Rankine Cycle (SRC)
4.3.3.1 Global market from electricity & steam generation, by SRC, 2014 - 2025
4.3.3.2 Global market from electricity & steam generation, by SRC, by region, 2014 - 2025
4.3.4 Organic Rankine Cycle (ORC)
4.3.4.1 Global market from electricity & steam generation, by ORC, 2014 - 2025
4.3.4.2 Global market from electricity & steam generation, by ORC, by region, 2014 - 2025
4.3.5 Kalina cycle
4.3.5.1 Global market from electricity & steam generation, by Kalina cycle, 2014 - 2025
4.3.5.2 Global market from electricity & steam generation, by Kalina cycle by region, 2014 - 2025
4.4 Others
4.4.1 Global market from others, 2014 - 2025
4.4.2 Global market from others by region, 2014 - 2025
Chapter 5 Waste Heat Recovery System Market, By Temperature
5.1 Waste heat recovery system market share by temperature, 2018 & 2025
5.2 6500 C by region, 2014 - 2025
Chapter 6 Waste Heat Recovery System Market, By End-Use
6.1 Waste heat recovery system market share by end-use, 2018 & 2025
6.2 Petroleum Refining
6.2.1 Global market from petroleum refining, 2014 - 2025
6.2.2 Global market from petroleum refining by region, 2014 - 2025
6.3 Cement
6.3.1 Global market from cement, 2014 - 2025
6.3.2 Global market from cement by region, 2014 - 2025
6.4 Heavy Metal Manufacturing
6.4.1 Global market from heavy metal manufacturing, 2014 - 2025
6.4.2 Global market from heavy metal manufacturing by region, 2014 - 2025
6.5 Chemical
6.5.1 Global market from chemical, 2014 - 2025
6.5.2 Global market from chemical by region, 2014 - 2025
6.6 Pulp & Paper
6.6.1 Global market from pulp & paper, 2014 - 2025
6.6.2 Global market from pulp & paper by region, 2014 - 2025
6.7 Food & Beverage
Chapter 7 Waste Heat Recovery System Market, By Region
Chapter 8 Company Profiles
Related Reports: -
Global Waste Heat Recovery System Market Insights, Forecast to 2025
The Waste Heat Recovery System market was valued at 2230 Million US$ in 2018 and is projected to reach 3240 Million US$ by 2025, at a CAGR of 4.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Waste Heat Recovery System. Waste Heat Recovery System is an economic method to increase the overall efficiency of the plant and, thus, to lower fuel demand. The largest sources of waste heat for most industries are exhaust and flue gases and heated air from heating systems such as high-temperature gases from burners in process heating; lower temperature gases from heat treating furnaces, dryers, and heaters; and heat from heat exchangers, cooling liquids, and gases.
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