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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.
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Global Waste Heat Recovery Market Size, Share, Development, Growth and Demand Forecast to 2022 Waste heat refers to energy or heat generated in different industrial processes, with no productive use. There are several sources of waste heat, such as cooling water from furnaces, combustion engines and others.
Global waste heat recovery market size is projected to achieve a value of $70.5 billion by 2022, growing at a CAGR of 6.8% during 2016-2022. The market is growing mainly due to the massive unexplored market for waste heat recovery across the globe, and high rate of depletion of fossil fuels and increasing demand for reduction of greenhouse gases. Request for Sample Pages: https://www.psmarketresearch.com/market-analysis/waste- heat-recovery-market/report-sample In terms of the end-user, the waste heat recovery market is broadly segmented into petroleum refining, chemical, cement, metal production and casting, natural gas compression, paper and pulp, and others. The cement segment is expected to be the fastest growing segment in the worldwide market for waste heat recovery, growing at a CAGR of 9.3% during the forecast period. The economic development of any country across the world is vastly dependent on its industrial growth. Energy and electricity are the crucial factors in determining the operational cost of an industry; therefore, all industries require energy and electricity at reasonable prices. However, a trend of increasing prices of input energy (such as coal, electricity, oil and gas) has been witnessed across the globe. North America is the second largest market in the waste heat recovery market. By 2022, the North American market for waste heat recovery is expected to reach $17.6 billion. The major reasons behind the growth of the market in the North American region are good economic return and fuel efficiency and investment for replacement of traditional systems for technological improvement. Access Full Report: https://www.psmarketresearch.com/market-analysis/waste-heat- recovery-market Some of the key companies operating in the waste heat recovery market include 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, and Ormat Technologies. About P&S Market Research P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals. As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of
opportunity and framing informed and customized business expansion strategies in different regions. Contact: P&S Market Research 347, 5th Ave. #1402 New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada) Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com
