Global Waste Heat Recovery Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Application (Steam and Power Generation, Pre-Heating, Others) by End-User (Petroleum Refining, Chemical, Cement, Metal Production and Casting, Natural Gas Compression, Paper and Pulp, Others)'
Waste heat recovery refers to the capturing and reutilization of waste heat for different purposes. Some of the major uses of waste heat include water preheating, combustion air preheating, space heating, load preheating, steam generation, power generation.
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.
During 2012-2015, Europe held the largest share in the global waste heat recovery market. 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.
- Abb Group
- Amec Foster Wheeler Plc
- China Energy Recovery
- Dongfang Electric Corporation
- General Electric Company
- Harbin Electric International Company Ltd.
- Mitsubishi Hitachi Power Systems
- Siemens Ag
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 visit http://www.researchandmarkets.com/research/w59gcl/global_waste_heat
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SOURCE Research and Markets