MARKET INTRODUCTION
Waste heat recovery system is an energy recovery heat exchanger that is used to transfers heat from process output. Waste heat extracted from various sources such as steam from a cooling tower, wastewater from the cooling process, and hot gases from generators. Increasing focus on reducing energy costs is boosting the growth of the waste heat recovery system market. Growing concerns about gas emissions and strict rules and regulations to reduce carbon footprint are boosting the growth of the waste heat recovery system market. Moreover, growing awareness about environmental protection and effective utilization of waste heat influences the growth of the market.
MARKET DYNAMICS
Factor such as waste reduction, resource conservation, and reduce plant operating costs are some of the major drivers of the growth of the waste heat recovery system market. An increasing need for energy-efficient systems and rising electricity prices are further booming the growth of the waste heat recovery system market. However, high cost and complexity in the waste heat recovery system is the key hindering factor for the growth of the waste heat recovery system market. The growing use of waste heat recovery systems to improve efficiency in the various industries such as cement, petroleum refining, food and beverage, metal production, paper and pulp, and among others are expected to propel the growth of the waste heat recovery system market.
MARKET SCOPE
The "Global Waste Heat Recovery System Market Analysis to 2028" is a specialized and in-depth study of the waste heat recovery system industry with a special focus on the global market trend analysis. The report aims to provide an overview waste heat recovery system market with detailed market segmentation by application, end-user, and geography. The global waste heat recovery system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading waste heat recovery system market players and offers key trends and opportunities in the waste heat recovery system market.
MARKET SEGMENTATION
The global waste heat recovery system market is segmented on the basis of application, end-user. On the basis of application the market is segmented aspreheating, steam and electricity generation, others.On the basis end-user the market is segmented as petroleum refining, metal production, cement, chemical, paper and pulp, food and beverage, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global waste heat recovery system market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The waste heat recovery system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting waste heat recovery system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the waste heat recovery system market in these regions.
MARKET PLAYERS
The reports cover key developments in the waste heat recovery system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from waste heat recovery system market are anticipated to lucrative growth opportunities in the future with the rising demand for waste heat recovery system in the global market. Below mentioned is the list of few companies engaged in the waste heat recovery system market.
The report also includes the profiles of key waste heat recovery system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Bosch Limited
- Echogen
- Econotherm (UK) Ltd
- General Electric Company
- Mitsubishi Heavy Industries Marine Machinery & Equipment Co. , Ltd.
- Ormat Technologies Inc.
- Siemens AG
- Sigma Thermal, Inc.
- Thermax Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.