Global Waste Heat Recovery Market Size, Share, Development, Growth and Demand Forecast to 2022

  • ID: 3978179
  • Report
  • Region: Global
  • 89 pages
  • P&S Market Research
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FEATURED COMPANIES

  • ABB Group
  • AMEC Foster Wheeler Plc
  • China Energy Recovery
  • General Electric Company
  • Ormat Technologies
  • Siemens AG
  • MORE
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; combustion exhausts from glass melting furnaces, fume incinerator, cement kiln and others; process off-gases; and conductive, convective, and radiation heat losses. It has been estimated in various studies that 20% - 50% of industrial energy input is lost as waste heat. The waste heat loss can be minimized using waste heat recovery systems.

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.

There are various methods for recovering waste heat from commercial ventures. The wellsprings of waste heat basically include release of hot burning gases into environment and heat exchange from hot gear outsides. Waste heat recovery unit is a regular heat exchanger, where heat is recouped from hot streams with high energy content. The most eminent waste heat recovery hardware includes HRSGs, mechanical warming boilers, and turbines. Mechanical waste heat recovery is the procedure of catching and reusing waste heat, and gasses emerging from the modern procedures that would be generally lost into the climate. The waste heat recovery procedures can lessen energy utilization, operational expenses, and CO2 and nursery gas outflows.

The recovery of waste heat reduces the cost of operation in any industry, thus gaining wide popularity across the globe. For instance, preheating of combustion air can increase furnace efficiency up to 50%. The increased government initiatives, stringent regulations, and technological advancements are driving the growth of the global waste heat recovery market. However, the economies of scale and complexities in heat recovery would hinder the growth of the global market to some extent.

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.

Some of the key companies operating in the global 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.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Group
  • AMEC Foster Wheeler Plc
  • China Energy Recovery
  • General Electric Company
  • Ormat Technologies
  • Siemens AG
  • MORE
1. Research Scope & Methodology
1.1 Market Definition
1.2 Market Scope
1.2.1 Market Breakdown By Application
1.2.2 Market Breakdown By End-User
1.2.3 Market Breakdown By Geography
1.3 Research Methodology And Sources

2. Executive Summary
2.1 Key Findings
2.2 Research Summary

3. Market Outlook
3.1 Introduction
3.2 Opportunities In The Global Waste Heat Recovery Market
3.2.1 Massive Unexplored Waste Heat Recovery Market Across The Globe
3.2.2 High Rate Of Depletion Of Fossil Fuels And Increasing Demand For Reduction Of Greenhouse Gases
3.3 Factor Driving The Growth Of The Market And Its Impact On Market Forecast
3.3.1 Increased Government Initiatives And Stringent Regulations
3.3.2 Increasing Energy And Electricity Cost
3.3.3 Technological Advancements And Increasing Investment By Large Scale Industries For The Installation And Development Of Waste Heat Recovery Systems
3.4 Impact Analysis Of Drivers On Market Forecast
3.5 Factor Hindering The Growth Of The Market And Its Impact On Market Forecast
3.5.1 Economies Of Scale And Long Payback Period
3.5.2 Complexities Involved With The Recovery Of Waste Heat, And Its Storage And Transportation
3.6 Impact Analysis Of Restraints On Market Forecast

4. Global Waste Heat Recovery Market Size And Forecast (2012-2022)
4.1 Global Waste Heat Recovery Market, By Application
4.1.1 Steam And Power Generation
4.1.2 Pre-Heating
4.2 Global Waste Heat Recovery Market, By End-User
4.2.1 Petroleum Refining
4.2.2 Chemical
4.2.3 Cement
4.2.4 Metal Production And Casting
4.2.5 Natural Gas Compression
4.2.6 Paper And Pulp
4.3 Global Waste Heat Recovery Market, By Geography

5. Global Waste Heat Recovery Market, By Geography
5.1 North America Waste Heat Recovery Market
5.1.1 North America Waste Heat Recovery Market, By Country
5.1.2 North America Waste Heat Recovery Market, By Application
5.1.3 North America Waste Heat Recovery Market, By End-User
5.2 Europe Waste Heat Recovery Market
5.2.1 Europe Waste Heat Recovery Market, By Country
5.2.2 Europe Waste Heat Recovery Market, By Application
5.2.3 Europe Waste Heat Recovery Market, By End-User
5.3 Asia-Pacific Waste Heat Recovery Market
5.3.1 Asia-Pacific Waste Heat Recovery Market, By Country
5.3.2 Asia-Pacific Waste Heat Recovery Market, By Application
5.3.3 Asia-Pacific Waste Heat Recovery Market, By End-User
5.4 Rest Of The World Waste Heat Recovery Market
5.4.1 Rest Of The World (Row) Waste Heat Recovery Market, By Application
5.4.2 Rest Of The World (Row) Waste Heat Recovery Market, By End-User

6. Competitive Positioning Analysis
6.1 Porter's Five Forces Of Competitive Position Analysis
6.1.1 Bargaining Power Of Buyers
6.1.2 Bargaining Power Of Suppliers
6.1.3 Threat Of New Entrants
6.1.4 Intensity Of Rivalry
6.1.5 Threat Of Substitutes
6.2 Competitive Positioning Of Global Waste Heat Recovery Market, By End-User

7. Company Profiles And Strategic Developments
7.1 Key Company Profiles
7.1.1 Siemens Ag
7.1.1.1 Business Overview
7.1.1.2 Product And Service Offerings
7.1.2 General Electric Company
7.1.2.1 Business Overview
7.1.2.2 Product And Service Offerings
7.1.3 Amec Foster Wheeler Plc
7.1.3.1 Business Overview
7.1.3.2 Product And Service Offerings
7.1.4 Harbin Electric International Company Ltd.
7.1.4.1 Business Overview
7.1.4.2 Product And Service Offerings
7.1.5 Dongfang Electric Corporation
7.1.5.1 Business Overview
7.1.5.2 Product And Service Offerings
7.1.6 Mitsubishi Hitachi Power Systems
7.1.6.1 Business Overview
7.1.6.2 Product And Service Offerings
7.1.7 Abb Group
7.1.7.1 Business Overview
7.1.7.2 Product And Service Offerings
7.1.8 China Energy Recovery
7.1.8.1 Business Overview
7.1.8.2 Product And Service Offerings
7.1.9 Ormat Technologies
7.1.9.1 Business Overview
7.1.9.2 Product And Service Offerings

8. Appendix
8.1 List Of Abbreviations

List Of Tables
Table 1 Specific Primary And Secondary Sources Used For This Publication
Table 2 Global Waste Heat Recovery Market Snapshot
Table 3 Drivers For The Market: Impact Analysis
Table 4 Restraints For The Market: Impact Analysis
Table 5 Global Waste Heat Recovery Market, By Application, $M (2012-2015)
Table 6 Global Waste Heat Recovery Market, By Application, $M (2016-2022)
Table 7 Global Waste Heat Recovery Market, By End-User, $M (2012-2015)
Table 8 Global Waste Heat Recovery Market, By End-User, $M (2016-2022)
Table 9 Global Waste Heat Recovery Market, By Region, $M (2012-2015)
Table 10 Global Waste Heat Recovery Market, By Region, $M (2016-2022)
Table 11 North America Waste Heat Recovery Market, By Country, $M (2012-2015)
Table 12 North America Waste Heat Recovery Market, By Country, $M (2016-2022)
Table 13 North America Waste Heat Recovery Market, By Application, $M (2012-2015)
Table 14 North America Waste Heat Recovery Market, By Application, $M (2016-2022)
Table 15 North America Waste Heat Recovery Market, By End-User, $M (2012-2015)
Table 16 North America Waste Heat Recovery Market, By End-User, $M (2016-2022)
Table 17 Europe Waste Heat Recovery Market, By Country, $M (2012-2015)
Table 18 Europe Waste Heat Recovery Market, By Country, $M (2016-2022)
Table 19 Europe Waste Heat Recovery Market, By Application, $M (2012-2015)
Table 20 Europe Waste Heat Recovery Market, By Application, $M (2016-2022)
Table 21 Europe Waste Heat Recovery Market, By End-User, $M (2012-2015)
Table 22 Europe Waste Heat Recovery Market, By End-User, $M (2016-2022)
Table 23 Asia-Pacific Waste Heat Recovery Market, By Country, $M (2012-2015)
Table 24 Asia-Pacific Waste Heat Recovery Market, By Country, $M (2016-2022)
Table 25 Asia-Pacific Waste Heat Recovery Market, By Application, $M (2012-2015)
Table 26 Asia-Pacific Waste Heat Recovery Market, By Application, $M (2016-2022)
Table 27 Asia-Pacific Waste Heat Recovery Market, By End-User, $M (2012-2015)
Table 28 Asia-Pacific Waste Heat Recovery Market, By End-User, $M (2016-2022)
Table 29 Row Waste Heat Recovery Market, By Application, $M (2012-2015)
Table 30 Row Waste Heat Recovery Market, By Application, $M (2016-2022)
Table 31 Row Waste Heat Recovery Market, By End-User, $M (2012-2015)
Table 32 Row Waste Heat Recovery Market, By End-User, $M (2016-2022)
Table 33 Siemens Ag-Key Facts
Table 34 Product Offerings Of Siemens Ag
Table 35 General Electric Company-Key Facts
Table 36 Product Offerings Of General Electric Company
Table 37 Amec Foster Wheeler Plc-Key Facts
Table 38 Product Offerings Of Amec Foster Wheeler Plc
Table 39 Harbin Electric International Company Ltd-Key Facts
Table 40 Product Offerings Of Harbin International Company Ltd
Table 41 Dongfang Electric Corporation-Key Facts
Table 42 Product Offerings Of Dongfang Electric Corporation
Table 43 Mitsubishi Hitachi Power Systems -Key Facts
Table 44 Product Offerings Of Mitsubishi Hitachi Power Systems
Table 45 Abb Group-Key Facts
Table 46 Product Offerings Of Abb Group
Table 47 China Energy Recovery-Key Facts
Table 48 Product Offerings Of China Energy Recovery
Table 49 Ormat Technologies-Key Facts
Table 50 Product Offerings Of Ormat Technologies

List Of Figures
Fig 1 Research Scope For Global Waste Heat Recovery Market
Fig 2 Research Methodology For Global Waste Heat Recovery Market
Fig 3 Fossil Fuel Energy Consumption, As % Of Total Energy Consumption (2012)
Fig 4 Global Waste Heat Recovery Market Size, $M (2012-2022)
Fig 5 Global Waste Heat Recovery Market Size, By Application, $M (2012-2022)
Fig 6 Global Application Of Waste Heat Recovery In Steam And Power Generation, $M (2012-2022)
Fig 7 Global Application Of Waste Heat Recovery In Pre-Heating, $M (2012-2022)
Fig 8 Global Waste Heat Recovery Market Size, By End-User, $M (2012-2022)
Fig 9 Global Waste Heat Recovery Market In Petroleum Refining, $M (2012-2022)
Fig 10 Global Waste Heat Recovery Market In Chemical, $M (2012-2022)
Fig 11 Global Waste Heat Recovery Market In Cement, $M (2012-2022)
Fig 12 Global Waste Heat Recovery Market In Metal Production And Casting, $M (2012-2022)
Fig 13 Global Waste Heat Recovery Market In Natural Gas Compression, $M (2012-2022)
Fig 14 Global Waste Heat Recovery Market In Paper And Pulp, $M (2012-2022)
Fig 15 Global Waste Heat Recovery Market Size, By Region, $M (2012-2022)
Fig 16 Global Waste Heat Recovery Market Size Of Major Countries
Fig 17 North America Waste Heat Recovery Market Size, $M (2012-2022)
Fig 18 North America Waste Heat Recovery Market Size, By Country, $M (2012-2022)
Fig 19 North America Waste Heat Recovery Market Size, By Application, $M (2012-2022)
Fig 20 North America Waste Heat Recovery Market Size, By End-User, $M (2012-2022)
Fig 21 Europe Waste Heat Recovery Market Size, $M (2012-2022)
Fig 22 Europe Waste Heat Recovery Market Size, By Country, $M (2012-2022)
Fig 23 Europe Waste Heat Recovery Market Size, By Application, $M (2012-2022)
Fig 24 Europe Waste Heat Recovery Market Size, By End-User, $M (2012-2022)
Fig 25 Asia-Pacific Waste Heat Recovery Market Size, $M (2012-2022)
Fig 26 Asia-Pacific Waste Heat Recovery Market Size, By Country, $M (2012-2022)
Fig 27 Asia-Pacific Waste Heat Recovery Market Size, By Application, $M (2012-2022)
Fig 28 Asia-Pacific Waste Heat Recovery Market Size, By End-User, $M (2012-2022)
Fig 29 Row Waste Heat Recovery Market Size, $M (2012-2022)
Fig 30 Row Waste Heat Recovery Market Size, By Application, $M (2012-2022)
Fig 31 Row Waste Heat Recovery Market Size, By End-User, $M (2012-2022)
Fig 32 Porter’S Five Forces Of Competitive Position Analysis
Fig 33 Competitive Positioning Of Global Waste Heat Recovery Market, By End-User (2015)
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  • ABB Group
  • AMEC Foster Wheeler Plc
  • China Energy Recovery
  • Dongfang Electric Corporation
  • General Electric Company
  • Harbin Electric International Company Ltd.
  • Mitsubishi Hitachi Power Systems
  • Ormat Technologies
  • Siemens AG
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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