Press release
Waste Heat Recovery In Oil And Gas Market - Promising Business Of Capturing Clean Industrial Waste Heat
The global waste heat recovery in oil and gas market can be classified based on product type, application, end-user and region. On the basis of product type, the global market is classified into power generation and heating applications. Depending upon application, the global waste heat recovery in oil and gas market is segmented into steam & electricity generation, preheating, and others. According to the end-user, the global market is divided into chemical, cement, paper & pulp, metal production, and petroleum refining.
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The global waste heat recovery in oil and gas market is expected to garner maximum revenue in the forecast period. Factors such as rise in unconventional oil and gas resources such as tight oil, CBM, shale oil, and shale gas that is in turn fuelled by the decline in the production and exploration of conventional oil reserves is propelling the growth of this market segment. However, stringent environment norms and technical challenges are expected to restrain the market growth to some extent.
Based on regions, the global waste heat recovery in oil and gas market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the global waste heat recovery in oil and gas market during the forecast period. The Asia-Pacific region is expected to witness the swiftest growth in the global waste heat recovery in oil and gas market.
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The major companies that provide waste heat recovery in oil and gas include Alstom, Amec Foster Wheeler, Dongfang Electric, Harbin Electric, MHPS, Bono Energia, China Energy Recovery, Forbes Marshall, and Ormat Technologies ??????.
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