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Waste Heat Recovery System Market by Application, End-Use Industry - Global Trends & Forecasts to 2021

Waste Heat Recovery System Market: Forecasts until 2021

  • October 2016
  • 167 pages
  • ID: 4214601
In this report:
According to EIA, in 2014, oil production in the country increased to ##.## million barrels/day, a ##.##% increase from 2013, making it the world's ninth largest oil producer.
India, China, Indonesia, the U.S., Canada, Russia, and Australia are expected to account for nearly ##% of the overall growth in the construction industry by 2020, as per UNEP's global construction perspectives by Oxford Economics.
In 2015, there was an annual growth of ##.##% in the production volume, and in 2016, it is expected to be ##.##%.

Summary

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"Waste heat recovery system market to attain ~$65.9B by 2021"

The market size of waste heat recovery system is projected to extend ~$65.9B by 2021, at a compound annual growth rate of ~6.9 percent between 2016 and 2021. The increasing demand from main end user industries including cement and metal production is predicted to push the market in the outlook. The increasing construction market is significantly driving the industry demand for WHR system. The high cost of these systems is a main restraint for the sector.

"Steam & electricity generation application to witness the more significant rise rate during forecast horizon"

The steam & electricity generation application is anticipated to witness the more important increase rate between 2016 and 2021. Steam generation from waste heat sources is crucial to different end-use markets and, therefrom, is a main WHRS application. The advantages of steam generation are its high heat capacity and flexibility. Nevertheless, it is expensive to produce steam, if there are inefficiencies in boiler and distribution systems. The fuel consumption is greatly reduced when the steam generated from waste heat is used for industrial operations.

"APAC to be the quickest developing market during projection period"

Asia-Pac is forecasted to be the quickest-increasing WHR system market due to the increasing construction industry and industrialization in the territory. The South American WHR system market is also anticipated to grow significantly due to the increasing metal production and cement sectors. North America continent is a significant market for WHRS, and is witnessing a moderate increase rate due to stringent energy efficiency regulations. The future increase of the sector will likely be driven by business investments in chemical and petroleum refining projects, which is backed by recent boom of shale gas and oil slates in the U.S.A and Canada (CA).

Break-up of profiles of primary members taking part for the market research

- By Company Type - Tier 1 - 37.0 percent, Tier 2 - 50.0 percent, and 1/3 3 - 13.0 percent

- By Designation - C Level- 50.0 percent, Director Level - 31.0 percent, and Others - 19.0 percent

- By area - North america (NA) - 32.0 percent, Europe - 39.0 percent, Asia-Pacific - 13.0 percent, the Middle East & Africa - 10.0 percent, and South America - 6.0 percent

The industry report includes company profiles of main actors and recent activities undertaken in the market including supply contracts, strategic agreements, and alliances & collaborations. Some of the main firms decribed in this business report are ABB Ltd. (NYSE:ABB), Amec Foster Wheeler, Ormat Technologies Inc., General Electric (NYSE:GE), Mitsubishi Heavy Industries Ltd., Echogen Power Systems Inc., Econotherm Ltd., Thermax Limited, Siemens (SIA), and Cool Energy Inc..

This industry report offers An in-depth study of the WHR system market and segments the same on the basis application, end-user market, and area. Established on application, the industry has been split into preheating, steam & electricity generation, and others. Established on end-use sector, the sector has been divided as petroleum refining, metal production, cement, chemical, paper & pulp, and others. Established on area, the industry has been divided into north america, Europe (EU), Asia Pacific (APAC), the Middle East (ME) & African continent, and South America region.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized several levels of analysis - industry, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the WHR system market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on WHR system provided by the top actors in the sector

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and recent product launches in the WHR system market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the industries for WHR system across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the WHR system market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the WHR system market

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