Research and Markets has announced the addition of the “Global Waste Heat Recovery Market Size, Share, Development, Growth and Demand Forecast to 2022” report to their offering.
The recovery of waste heat reduces the cost of operation in any industry, thus gaining wide popularity across the globe. For instance, preheating of combustion air can increase furnace efficiency up to 50%. The increased government initiatives, stringent regulations, and technological advancements are driving the growth of the global waste heat recovery market. However, the economies of scale and complexities in heat recovery would hinder the growth of the global market to some extent.
Based on application, the global waste heat recovery market comprises steam and power generation, pre-heating and others. Whereas, based on end-user, the global waste heat recovery market comprises petroleum refining, chemical, cement, metal production and casting, natural gas compression, paper and pulp, and others. Among the various end-users, the petroleum refining segment held the largest share of the global market in 2015, and it is anticipated to retain its dominance during the forecast period.
The European waste heat recovery market is growing, due to early introduction of the waste heat recovery technology and environmental policies regarding curbing of industrial harmful emissions. The Asia-Pacific waste heat recovery market is expected to witness the fastest growth at a CAGR of 9.8% during the forecast period. The major reasons for the highest growth are strong growth in cement industry in the region. Moreover, the stringent environmental regulations and high energy demand are also supporting the growth of the Asia-Pacific waste heat recovery market.
- Siemens AG
- General Electric Company
- Amec Foster Wheeler Plc
- Harbin Electric International Company Ltd.
- Dongfang Electric Corporation
- Mitsubishi Hitachi Power Systems
- Abb Group
- China Energy Recovery
- Ormat Technologies
Key Topics Covered:
1. Research Scope & Methodology
2. Executive Summary
3. Market Outlook
4. Global Waste Heat Recovery Market Size And Forecast (2012-2022)
5. Global Waste Heat Recovery Market, By Geography
6. Competitive Positioning Analysis
7. Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/xvq4xd/global_waste_heat