Global Waste Heat to Power Market is estimated to value over USD 32 billion by 2029 end and it is expected to register a CAGR of over 12% during the forecast period 2019 to 2029. The growing use of renewable energy resources coupled with an increasing energy demand on a global scale shall support the market growth. A rising focus to curb down emissions coupled with stringent government mandates will result in proliferation of the market. Furthermore, a growing importance for energy optimization and management along with an increasing consumer awareness on utilizing renewable energy resources will surely accelerate the market growth. Insights on Global Waste Heat to Power Market 1. By Region North America Europe Asia Pacific Latin America Rest of the World The North American market region, the U.S in particular, accounts for the highest market share owing to massive investments in clean energy technologies and a growing demand for on-site power generation. The U.S environmental protection agency (EPA), under its Clean Air Act have introduced the national emission standards in order to curb down emission of hazardous air pollutants from mobile and stationary sources. This shall accelerate the market growth. 2. By Technology Steam Rankine Cycle Kalina Cycle Organic Rankine Cycle Kalina cycle WHP was approximately valued over USD 380 million in 2018. Rising consumer awareness towards heat recovery systems that are energy-efficient and declining costs will boost the market growth further in upcoming years. Features such as reduced thermal emissions, flexibility and ability to offer higher thermodynamic efficiency shall augment the market growth and increase the adoption of kalina cycle WHP. 3. By Application Petroleum Refining Cement Industry Heavy Metal Production Chemical Industry Pulp & Paper Food & Beverages Glass Industry Others Cement industries accounted for the largest market size in 2018. The growth across the sector is attributed to huge potential for heat recovery offered by cement industries coupled with increasing electricity tariffs. Growing prominence of ORC-based systems owing to their ability to recover a significant amount of heat from low-temperature sources will further bolster their penetration in the industry. WHP market across heavy metal production industry is projected to grow significantly during the forecast period. A soaring demand for on-site power generation coupled with presence of a large number of high- temperature processes covering these industries will bolster the deployment of these systems. A robust industrial sector growth along with an increasing government spending towards infrastructural development will boost the market growth further. Competitive Landscape: Tier 1 players- established companies in the market with a major market share Tier 2 players Emerging players which are growing rapidly New Entrants Key Market Players: IHI Corp. AMEC Foster Wheeler Cochran Forbes Marshall Private Mitsubishi Hitachi Power Systems Siemens Rentech Boiler Systems Thermax FutureWise Key Takeaways Growth prospects SWOT analysis Key trends Key data-points affecting market growth Objectives of the Study: To provide with an exhaustive analysis on the waste heat to power market by region, by technology, by application To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) To evaluate and forecast micro-markets and the overall market To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and rest of the world To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com
Global Waste Heat to Power Market is estimated to value over USD 32 billion by 2029 end and it is expected to register a CAGR of over 12% during the forecast period 2019 to 2029.
The growing use of renewable energy resources coupled with an increasing energy demand on a global scale shall support the market growth. A rising focus to curb down emissions coupled with stringent government mandates will result in proliferation of the market. Furthermore, a growing importance for energy optimization and management along with an increasing consumer awareness on utilizing renewable energy resources will surely accelerate the market growth.
Insights on Global Waste Heat to Power Market
1. By Region
The North American market region, the U.S in particular, accounts for the highest market share owing to massive investments in clean energy technologies and a growing demand for on-site power generation. The U.S environmental protection agency (EPA), under its Clean Air Act have introduced the national emission standards in order to curb down emission of hazardous air pollutants from mobile and stationary sources. This shall accelerate the market growth.
2. By Technology
Kalina cycle WHP was approximately valued over USD 380 million in 2018. Rising consumer awareness towards heat recovery systems that are energy-efficient and declining costs will boost the market growth further in upcoming years. Features such as reduced thermal emissions, flexibility and ability to offer higher thermodynamic efficiency shall augment the market growth and increase the adoption of kalina cycle WHP.
3. By Application
Cement industries accounted for the largest market size in 2018. The growth across the sector is attributed to huge potential for heat recovery offered by cement industries coupled with increasing electricity tariffs. Growing prominence of ORC-based systems owing to their ability to recover a significant amount of heat from low-temperature sources will further bolster their penetration in the industry.
WHP market across heavy metal production industry is projected to grow significantly during the forecast period. A soaring demand for on-site power generation coupled with presence of a large number of high- temperature processes covering these industries will bolster the deployment of these systems. A robust industrial sector growth along with an increasing government spending towards infrastructural development will boost the market growth further.
Competitive Landscape:
Key Market Players:
FutureWise Key Takeaways
Objectives of the Study:
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