Waste Heat Recovery System Market worth 65.87 Billion USD by 2021

1. Waste Heat Recovery System Market The report "Waste Heat Recovery System Market by Application (Preheating and Steam & Electricity Generation), End-Use Industry (Petroleum Refining, Metal Production, Cement, Chemical, Paper & Pulp, and Textile) - Global Trends & Forecasts to 2021", The market size of waste heat recovery system (WHRS) was USD 44.14 Billion in 2015, and is projected to reach USD 65.87 Billion by 2021, at a CAGR of 6.90% between 2016 and 2021. Rising energy & electricity prices coupled with stringent government regulations & incentives are expected to drive the market in the future. View Full Report : https://www.marketsandmarkets.com/Market-Reports/waste-heat-recovery-system-market-202657867.html

2. Introduction Waste heat recovery is the process of capturing residual heat from an existing industrial process and using it for other applications. Waste heat refers to the energy generated by various industrial processes. WHR technologies help in reducing the costs of operating facilities by enhancing their energy productivity. The energy recovered during this process is widely used in two major applications, namely, steam & electricity generation and preheating. The steam & electricity generation application segment dominated the WHR system market in 2015. The market in this application is also expected to witness the CAGR between 2016 and 2021 owing to growing demand for energy in North America, Europe, and Asia-Pacific. The growing construction industry in the Middle East and Asia-Pacific countries such as China, Japan, and India also drive the market in this segment. View Full Report : https://www.marketsandmarkets.com/Market-Reports/waste-heat-recovery-system-market-202657867.html

4. Key Participants Currently, market players such as ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), Siemens AG (Germany), and Cool Energy Inc. (Colorado) dominate the global WHR system market. Speak with Analyst View Full Report : https://www.marketsandmarkets.com/Market-Reports/waste-heat-recovery-system-market-202657867.html

5. On The Basis Of Region: The WHR system market is broadly segmented into five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe is the largest WHR system market, closely followed by North America, in terms of value. Government and environmental organizations in various countries such as the U.S. and European Union have adopted stringent legislations on energy saving and energy efficiency. Even the government in developing regions such as Asia-Pacific and South America are formulating stringent regulations for environment protection. These stringent energy efficiency regulations are driving the use of WHRS in various manufacturing-oriented industries. Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/waste-heat-recovery-system-market-202657867.html

7. About Us MarketsandMarkets™provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach Markets and Markets™ for their pain points around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. View Full Report : https://www.marketsandmarkets.com/Market-Reports/waste-heat-recovery-system-market-202657867.html

8. How Markets & Markets is different? • Most-detailed market segmentation in the industry • In-depth analysis of patents and profiles of key market players providing a competitive landscape • Market data for segments such as technologies, services & applications across geographies • High level analysis of major market segments and identification of opportunities. Request for free sample report View Full Report : https://www.marketsandmarkets.com/Market-Reports/waste-heat-recovery-system-market-202657867.html

9. Thank You Contact Us: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road, Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com Get 10% Discount on customization of report. View Full Report : https://www.marketsandmarkets.com/Market-Reports/waste-heat-recovery-system-market-202657867.html