Report forecast the Global Waste Heat Recovery market to grow at a
CAGR of 7.3 percent over the period 2014-2019.
Waste heat recovery is a process that involves the capturing of heat
exhausted by an existing industrial process. This waste heat is utilized for
other heating applications, including power generation and other applications
in various industries. There are numerous ways of recovering waste heat from
industries. It is estimated that 20-50 percent of industrial energy usage is
eventually released as waste heat. The sources of waste heat mainly include
discharge of hot combustion gases into the atmosphere and heat transfer from
hot equipment exteriors. Waste heat recovery unit is normally a heat exchanger
where the heat is recovered from hot streams with high energy content. The
following are the most common waste heat recovery equipment: HRSGs, industrial
heating boilers, and turbines.
The report covers the present scenario and the growth prospects of the
Global Waste Heat Recovery market for the period 2015-2019.
The Global Waste Heat Recovery Market 2015-2019, has been prepared
based on an in-depth market analysis with inputs from industry experts. The
report covers the Global Waste Heat Recovery market landscape and its growth
prospects in the coming years. The report includes a discussion of the key
vendors operating in this market.
According to the lead analyst of this report,the huge investment plans
in the MEA region is one of the key trends emerging in the market. The Middle
East is rich in gas reserves and new gas discovery in East Africa have placed
both these areas in a strategic position for gas-based power plants in the
future.
According to the report, increased demand for electrical power
worldwide is a major driver that has led to a growing need to conserve energy.
Many countries like China and India are expected to witness an increase in
energy utilization owing to rapid industrialization and improved standards of
living.
Further, the report states that the high cost of equipment and
maintenance is a major challenge faced by the market. Heat recovery systems
comprise equipment such as HRSGs, boilers, and turbines, which are costly and
require huge initial investments, along with high cost of maintenance.
This report covers the following companies as the key players in the
Global Waste Heat Recovery Market: ABB Ltd., Alstom SA, Echogen Power Systems
Inc., Foster Wheeler Ltd. and General Electric Co.
Other Prominent Vendors in the market are: Bono Energia, China Energy
Recovery, Forbes Marshall, Ormat Technologies, Siemens and Thermax.
Market Driver
- Increase in Demand for Electrical Power
- For a full, detailed list, view our report
Market Challenge
- High Initial Cost of Equipment and Maintenance
- For a full, detailed list, view our report
Market Trend
- Huge Investment Plans in MEA Region
- For a full, detailed list, view our report
Key Questions Answered in this
Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 76 pages, “Global
Waste Heat Recovery Market 2015 - 2019” report covers the Executive
Summary, List of Abbreviations, Scope of the Report, Market Research
Methodology, Introduction, Market Landscape, Market Segmentation by Source,
Geographical Segmentation, Key Leading Countries, Buying Criteria, Market
Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers
and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key
Vendor Analysis.
For
further information on this report, please visit- http://mrr.cm/4p9
Find all Utilities Reports at: http://www.marketresearchreports.com/utilities
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