Waste Heat Recovery System Market analysis, trends and future market forecast studied in New Research

According to the research report, the rising practice of Waste Heat Recovery System market is likely to boost the global market significantly over the forthcoming years. The worldwide market for this product can be analyzed on the basis of the end user and the geographical reach of this market. Increased awareness regarding vehicle safety and technological advancements are anticipated to drive the global demand for position sensor market. Escalating demand for navigation and GPS-enabled wearable devices and smartphones is expected to further entice growth.
Growing requirement of time-proven positioning sensing technology and highly customized solutions for mission critical needs in military and aerospace applications is anticipated to augment the demand for these sensors. Stringent vehicle emission regulations in several countries worldwide are encouraging the adoption across various verticals.
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Companies Profiled in this Report includes, ABB mHI, Siemens, GE,Kawasaki, Ormat, Foster Wheeler, Bosch, Echogen Power Systems, EST (Wasabi) and Thermax
The market size of waste heat recovery system (WHRS) is projected to reach USD 65.87 billion by 2021, at a CAGR of +6% between 2016 and 2021. The growing demand from major end user industries such as cement and metal production is expected to drive the market in the future. The growing construction sector is significantly driving the demand for WHR system. The high cost of these systems is a major restraint for the market.
The steam & electricity generation application is expected to witness the highest growth rate between 2017 and 2021. Steam generation from waste heat sources is crucial to several end-use industries and, hence, is a major WHRS application. The advantages of steam generation are its high heat capacity and flexibility. However, it is expensive to produce steam, if there are inefficiencies in boiler and distribution systems. The fuel consumption is greatly reduced when the steam generated from waste heat is used for industrial operations.
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Reason to Buy the Waste Heat Recovery System Market Research Report:
This report provides a detailed analysis of the WHR system market and segments the same on the basis application, end-use industry, and region. Based on application, the market has been segmented into preheating, steam & electricity generation, and others. Based on end-use industry, the market has been segmented as petroleum refining, metal production, cement, chemical, paper & pulp, and others. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Steam System
• Organic Rankine Cycle Systems
• Kalina Cycle Systems
• Others
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Waste Heat Recovery System for each application, including
• Petroleum Refining
• Heavy Metal Production
• Cement
• Chemical
• Others

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