Global Waste Heat Recovery Market 2017-2021

  • ID: 4316379
  • Report
  • Region: Global
  • 69 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Bono Energia
  • Bosch Industriekessel
  • Clean Energy Technologies
  • Dresser-Rand
  • Forbes Marshall
  • MORE
About Waste Heat Recovery

Waste heat recovery is a process that involves the capturing of the heat exhausted by an existing industrial process. This waste heat is utilized in heating applications, including input stream pre-heating and for power generation in various industries. The sources of waste heat mainly include the discharge of hot combustion gases into the atmosphere and heat transfer from the exteriors of hot equipment. A waste heat recovery unit is normally a heat exchanger where the heat is recovered from the hot streams with high energy content.

The analysts forecast the global waste heat recovery market to grow at a CAGR of 6.74% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global waste heat recovery market for 2017-2021. To calculate the market size, the report considers the new installations and exclude retrofit/ replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Waste Heat Recovery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Amec Foster Wheeler
  • Clean Energy Technologies
  • Mitsubishi Hitachi Power Systems
  • Siemens
Other prominent vendors
  • Bono Energia
  • BORSIG
  • Bosch Industriekessel
  • Citech
  • ClearPower Systems
  • Dresser-Rand
  • Echogen
  • Forbes Marshall
  • Ormat Technologies
  • Probe Manufacturing
  • TESPL
  • THE MAERSK GROUP
  • Thermax Global
Market drivers
  • Growing global electricity consumption
  • For a full, detailed list, view the full report
Market challenges
  • High investment costs for waste heat recovery systems
  • For a full, detailed list, view the full report
Market trends
  • Increasing use of thermoelectric material for waste heat recovery
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 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?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Bono Energia
  • Bosch Industriekessel
  • Clean Energy Technologies
  • Dresser-Rand
  • Forbes Marshall
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Global waste heat recovery market by end-user
  • Global waste heat recovery market in chemicals industry
  • Global waste heat recovery market in petroleum refining industry
  • Global waste heat recovery market in paper industry
  • Global waste heat recovery market in commercial and institutional facilities
  • Global waste heat recovery market in food industry
  • Global waste heat recovery market in metals
PART 07: Geographical segmentation
  • Global waste heat recovery market by geography
  • Waste heat recovery market in Americas
  • Waste heat recovery market in EMEA
  • Waste heat recovery market in APAC
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Increasing use of thermoelectric material for waste heat recovery
  • Growing use of alternate fuels for power generation
  • Shift in manufacturing bases
PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 12: Key vendor analysis
  • ABB
  • Amec Foster Wheeler
  • Clean Energy Technologies
  • Mitsubishi Hitachi Power Systems
  • Siemens
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Common waste heat sources
Exhibit 02: Global waste heat recovery market overview
Exhibit 03: Global waste heat recovery market 2016-2021 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Global waste heat recovery market by end-user 2016 and 2021 (%)
Exhibit 06: Global waste heat recovery market by end-user 2016-2021 ($ billions)
Exhibit 07: Global waste heat recovery market in chemicals industry 2016-2021 ($ billions)
Exhibit 08: Global waste heat recovery market in petroleum refining industry 2016-2021 ($ billions)
Exhibit 09: Global waste heat recovery market in paper industry 2016-2021 ($ billions)
Exhibit 10: Global waste heat recovery market in commercial and institutional facilities 2016-2021 ($ billions)
Exhibit 11: Global waste heat recovery market in food industry 2016-2021 ($ billions)
Exhibit 12: Global waste heat recovery market in metals industry 2016-2021 ($ billions)
Exhibit 13: Global waste heat recovery market by geography 2016 and 2021 (%)
Exhibit 14: Global waste heat recovery market by geography 2016-2021 ($ billions)
Exhibit 15: Waste heat recovery market in Americas 2016-2021 ($ billions)
Exhibit 16: Waste heat recovery market in EMEA 2016-2021 ($ billions)
Exhibit 17: Waste heat recovery market by APAC 2016-2021 ($ billions)
Exhibit 18: Global electricity consumption by global population 2005-2015 (TWh and billions)
Exhibit 19: Global CO2 emissions from fuel combustion by sector 2014 (%)
Exhibit 20: Cumulative investments in energy efficiency 2014-2035 ($ trillions)
Exhibit 21: Region-wise share in global renewable power growth 2015-2021 (%)
Exhibit 22: Change in labor wages in Asia 2000 and 2014 (%)
Exhibit 23: Other prominent vendors (Indicative list)
Exhibit 24: ABB: Key products/services
Exhibit 25: Amec Foster Wheeler: Key products/services
Exhibit 26: Amec Foster Wheeler: Key news
Exhibit 27: Clean Energy Technologies: Key products/services
Exhibit 28: Clean Energy Technologies: Key news
Exhibit 29: Mitsubishi Hitachi Power Systems: Key products
Exhibit 30: Mitsubishi Hitachi Power Systems: Key news
Exhibit 31: Siemens: Key products/services
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FEATURED COMPANIES

  • ABB
  • Bono Energia
  • Bosch Industriekessel
  • Clean Energy Technologies
  • Dresser-Rand
  • Forbes Marshall
  • MORE
New Report Released: - Global Waste Heat Recovery Market 2017-2021

The author of the report recognizes the following companies as the key players in the global waste heat recovery market: ABB, Amec Foster Wheeler, Clean Energy Technologies, Mitsubishi Hitachi Power Systems, and Siemens.

Other Prominent Vendors in the market are: Bono Energia, BORSIG, Bosch Industriekessel, Citech, ClearPower Systems, Dresser-Rand, Echogen, Forbes Marshall, Ormat Technologies, Probe Manufacturing, TESPL, THE MAERSK GROUP, and Thermax Global

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is increasing use of thermoelectric material for waste heat recovery. Thermoelectric materials can generate electricity potential by a temperature difference. This converting temperature to current or vice versa is known as the Seebeck effect. These materials have been under study for generating electricity from waste heat. The materials can be utilized to generate useful electric power from waste heat, which will increase the overall energy consumption efficiency of the plant. These can be used in various industries, as well as in transportation vehicles. The improvements in the performance of thermoelectric materials have mainly focused on reducing the thermal conductivity of the materials.”

According to the report, one of the major drivers for this market is growing global electricity consumption. Globally, electricity consumption has been on the rise. It has increased at a CAGR of 2.77% during the period 2005-2015. Similarly, the global population rose by 12.78% during 2005-2015. This is creating an increasing demand for electricity, thus driving the electricity production market. This will be a major driver for the incorporation of waste heat recovery in power plants during the forecast period, as their use can lead to increased power production by improving plant efficiency. The installation of waste heat recovery systems in existing power plants is cheaper than building new power plants. Hence, waste heat recovery techniques will be the prime method of increasing power production during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is high investment costs for waste heat recovery systems. The key inhibiting factor of any technology is the cost. These costs primarily include capital cost and operational cost. One of the drawbacks of waste heat recovery systems is the high capital costs. The total costs incurred in installing a waste heat to power (WHP) system includes the cost of waste heat recovery equipment and power generation equipment. The average cost of such a WHP system is $3 million per MW of power produced. One unit of waste heat boiler can cost upward of half a million USD, depending on the size and specifications.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ABB
  • Amec Foster Wheeler
  • Clean Energy Technologies
  • Mitsubishi Hitachi Power Systems
  • Siemens
  • Bono Energia
  • BORSIG
  • Bosch Industriekessel
  • Citech
  • ClearPower Systems
  • Dresser-Rand
  • Echogen
  • Forbes Marshall
  • Ormat Technologies
  • Probe Manufacturing
  • TESPL
  • THE MAERSK GROUP
  • Thermax Global
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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