Waste Heat Recovery System Market 2019 Global Industry Analysis To 2023, is latest report on Global Waste Heat Recovery System Industry, published by Market Research Future. Global Waste Heat Recovery System market expected to rise at a CAGR of 5.7%.
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Waste Heat Recovery System Market 2019 Global Industry Analysis To 2023, is latest report on Global Waste Heat Recovery System Industry, published by Market Research Future. Global Waste Heat Recovery System Market Information by Technology (Brake Assistance, Autonomous Emergency Braking, Electronic Stability Control, Anti-lock Braking Systems), Component, Vehicle Type, Sales Channel, Region – Forecast Till 2023.
Major Waste Heat Recovery System Market Key Companies covered in the market report include- Alstom SA (France), ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), and Mitsubishi Heavy Industries Ltd. (Japan). Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), Siemens AG (Germany), China Energy Recovery Inc. (China), and Cool Energy Inc. (U.S.) are among others.Top of FormBottom of Form
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Global Market Highlights:
Global Waste Heat Recovery System market has seen remarkable growth; expected to rise at a CAGR of 5.7%. reduced greenhouse gas emissions, application flexibility, and energy efficiency to Impact Waste Heat Recovery System Market.
Waste Heat Recovery System systems are amongst the most cost-effective way to increase the overall efficiency of the plant and while diminishing the fuel demand. It is extensively used throughout industries. Waste heat is heat produced by fuel combustion or chemical reaction and then thrown to the environment even if it could be reused. It is projected that 20-50% of the energy used is lost in industrial operations in the form of hot exhaust gases, heat losses from radiation and within the cooling water. It is vital for increasing energy efficiency in the chemical process industries (CPI).
The ongoing efforts to reduce harmful carbon emissions along with increasing electricity prices will drive the deployment of electricity & steam generation. Also, the growing focus towards the enhancement of plan efficiency coupled with growing demand for onsite power generation is some of the main factors that are propelling the market for Waste Heat Recovery System system rapidly.
Furthermore, essential government initiatives on conserving energy and reducing energy costs are expected to drive the Waste Heat Recovery System system market further. The increase in the usage of Waste Heat Recovery System systems in the recent times in various industries such as refineries, paper & pulp, heavy metals, petrochemicals and chemicals for pre-heating, steam generation and power generation is expected to further complement the market growth with a higher CAGR in the years to come.
On the flip side, the occurrence of high initial investment costs coupled with complexity in Waste Heat Recovery System system designs is posing as challenges for the market growth. But, the other side, with extensive R&D by industry participants is hence improving Waste Heat Recovery System system designs and reduces installation costs and supporting the market gradually to grow with a confident pull.
Segmentation:
The market for global Waste Heat Recovery System systems has been segmented on application, end-use, and region.
Based on the mode of end-use, the market is segmented into petroleum refining, chemical, cement, metal production & casting, paper & pulp, and others. The cement industry is estimated as the fastest growing segment of the market, and petroleum refining is leading the end-user segment.
Based on the mode of application, the Waste Heat Recovery System system market is segmented into pre-heating, steam and power generation, and others.
Based on the region, the market is segmented into North America, Europe, Asia Pacific and rest of the world.
Regional Outlook:
On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. European region dominates the global Waste Heat Recovery System system market in 2017. Growing awareness regarding Waste Heat Recovery System systems along with supportive initiatives by European Union to develop energy through waste has been a major factor driving the market. Germany, U.K., and France are the key contributors in the region. North America is another prominent region for the Waste Heat Recovery System system. Stringent regulations from government and various environmental organizations on energy saving and energy efficiency drive the market. U.S. is major contributor in North America and global Waste Heat Recovery System system market.
Asia Pacific region is expected to expand at the highest CAGR during the forecast period. High industrialization and growing significance for sustainable energy in emerging markets of China and India is projected to drive the Asia Pacific market growth over the forecast period. Moreover, high growth in manufacturing sector in the region also projected to drive Waste Heat Recovery System systems demand in cement, paper & pulp, metals, chemicals and petroleum refining. China, Japan, Singapore, and Australia are the major contributors in the region.
The report for Global Waste Heat Recovery System Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Application
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Waste Heat Recovery System System Market, By Application
5.1 Introduction
5.2 Steam And Power Generation
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Pre-Heating
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
Continued…
List of Tables:
Table 1 Global Waste Heat Recovery System System Market: By Region, 2017-2023
Table 2 North America Waste Heat Recovery System System Market: By Country, 2017-2023
Table 3 Europe Waste Heat Recovery System System Market: By Country, 2017-2023
Continued…
List Of Figures:
FIGURE 1 RESEARCH APPLICATIONOF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
Continued…
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