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What's driving the Waste Heat to Power Market Size? Siemens, GE, ABB, AMEC Foster Wheeler, Ormat, MHI, Exergy, ElectraTherm, Dürr Cyplan, GETEC, CNBM, DaLian Eastand
A collective analysis on 'Waste Heat to Power Market' by Brandessence Market Research, offers an exhaustive study based on current trends influencing this vertical throughout assorted geographies. Key information regarding market size, market share, statistics, application, and revenue are compiled in the research to develop an ensemble prediction. In addition, this research offers a detailed competitive analysis focusing on business outlook emphasizing expansion strategies accepted by market majors.Waste Heat to Power Market is valued at USD 14.4 Billion in 2018 and expected to reach USD 32.7 Billion by 2025 with a CAGR of 12.43% over the forecast period. Increasing concern regarding global warming and government regulations are the key driving factors for the growth of global waste heat to power market. Detailed Research On Siemens, GE, ABB, AMEC Foster Wheeler, Ormat, MHI, Exergy, ElectraTherm, Dürr Cyplan, GETEC, CNBM, DaLian Eastand others.
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Key Players for Waste Heat to Power Market Report: Key Players of waste heat to power market are Siemens, GE, ABB, AMEC Foster Wheeler, Ormat, MHI, Exergy, ElectraTherm, Dürr Cyplan, GETEC, CNBM, DaLian Eastand others.
Waste heat is the energy that is produced in industrial processes which is not put into any practical useand is wasted and dumped into the atmosphere. Sources of waste heat mostly include heat loss transferred through conduction, convection and radiation from industrial products, equipment and processes and heat discharged from combustion processes. Waste heat loss can be classified into high temperature, medium temperature and low temperature grades. Waste heat to power systems are introduced for each range of wasteheat to allow the most optimum efficiency of waste heat recovery to be obtained. Recovering the waste heat i.e. waste heat to power can be conducted through various waste heat recovery technologies to provide valuable energy sources and reduce the overall energy consumption.
Increasing concern regarding global warming with the task of reducing greenhouse gas emissions and improving the efficiency of their sites are the major driving factors for waste heat to power market growth. The use of waste heat to power systems in industrial processes has been as one of the major areas of research to reduce fuel consumption, improve production efficiency and lower harmful emissions. Stringent energy policies of governments regarding the carbon dioxide emission from the waste heat is also driving the growth of waste heat to power market. New technological advancements by the WHP system suppliers is another important driver for the waste heat to power market expansion globally. There is a general lack of end-user awareness of waste heat to power technologies and benefits is major restraining factor for the growth of the waste heat to power market. Developing economic and environmental drivers are creating new opportunities to evaluate waste heat to power market in the forecast period.
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After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Waste Heat to Power Market Segmentation -
By Type:
o Steam Rankine Cycle
o Organic Rankine Cycles
o Kalina Cycle
By Application:
o Chemical Industry
o Metal Manufacturing
o Oil and Gas
o Others
By Region
o North America
o U.S.
o Canada
o Mexico
o Europe
o UK
o France
o Germany
o Russia
o Rest of Europe
o Asia-Pacific
o China
o South Korea
o India
o Japan
o Rest of Asia-Pacific
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