Waste Heat to Power: Global Market Outlook

Publisher Name :
Date: 02-Feb-2023
No. of pages: 76

Report Scope:

In this report, the market has been segmented based on application, end-use industry, and geography. The report provides an overview of the global waste heat recovery systems market and analyses market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Market values have been estimated based on the economic benefits realized in $ millions of waste heat recovery systems providers.

The report covers the market for the user base, across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for waste heat recovery systems in 2021 and provides projections for the expected market size through 2027. The scope of the study includes entire waste heat recovery landscape including associated services and technologies like Steam Rankine Cycle (SRC), Organic Rankine Cycle (ORC), Kalina Cycle etc.

This report considers the impact of COVID-19. In 2020, the growth rate of manufacturing industries around the world was severely affected by the pandemic. The COVID-19 pandemic halted progress in every regional economy. Various governments around the world are taking measures to contain the economic slowdown.

Report Includes:

- A brief general outlook of the global market for waste heat recovery systems

- Analyses of the global market trends, with market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027

- Estimation of the actual market size and revenue forecast for global waste heat recovery systems market in USD million terms, and corresponding market share analysis by application, end-use, and region

- Highlights of emerging technology trends, opportunities and gaps in the market estimating current and future demand for waste heat recovery systems, and identification of the regions and countries involved market developments

- Discussion of the major growth drivers and industry-specific challenges that will shape the market for waste heat recovery systems as a basis for projecting demand in the next few years (2022-2027)

- Holistic review of the impact of the COVID-19 pandemic and the Russia-Ukraine war on the market for waste heat recovery systems

- Review, analyze and forecast market developments that will affect major end-use application areas, including petroleum refining, cement, heavy metal, chemical, paper, food and beverages, glass, and others

- Insight into the company competitive landscape of prominent product manufacturers and suppliers of waste heat recovery systems and their recent market developments

- Company profiles of major players operating in the waste heat recovery industry

Summary:

Waste heat recovery is the process of capturing heat discarded by an existing thermal process and using that heat to generate power. Heat recovery technologies frequently reduce the operating costs for facilities by increasing their energy productivity. Energy intensive processes such as those occurring at refineries, steel mills, glass furnaces, and cement kilns all release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity.

Waste heat comes from a variety of sources, such as heated products leaving industrial operations, hot equipment surfaces, and hot combustion gases released into the atmosphere. It is estimated that as much as REDACTED to REDACTED% of industrial energy consumption is ultimately discharged as waste heat. Even though some waste heat losses from industrial processes are unavoidable, facilities can minimize these losses by upgrading the effectiveness of their equipment or implementing a waste heat recovery system.

The global market for waste heat recovery systems was estimated to be $REDACTED in 2021. The waste heat recovery system market is projected to grow at a CAGR of REDACTED% and is forecast to reach $REDACTED by 2027. Waste heat recovery comprises capturing and recovering the waste heat in industrial operations to generate mechanical or electrical work. Preheating combustion air, electricity generation, preheating furnace loads, absorption cooling, and space heating are a few examples of uses for waste heat. The major factors driving the waste heat recovery market across the globe include the demand for energy conservation, cohesive government policies, high efficiency, and technological advancement.

Waste Heat to Power: Global Market Outlook

Table of Contents

Chapter 1 Market Outlook
1.1 Market Snapshot

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Industry Landscape
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Pricing Analysis
3.4 Macroeconomic Factors of Waste Heat Recovery Market
3.4.1 Impact of the COVID-19 Pandemic
3.4.2 Impact of the Russia-Ukraine War
3.5 Patent Analysis

Chapter 4 Emerging Technologies/Market Opportunities
4.1 Technology Background
4.2 Opportunities in Waste Heat Recovery Industry
4.3 Waste Heat Recovery Technologies
4.3.1 Heat Exchangers
4.3.2 Load Preheating
4.3.3 Power Generation
4.3.4 Direct Electrical Conversion Devices
4.4 Echogen Heat Engine Technology
4.5 Case Studies

Chapter 5 Thermal and Biological Waste-to-Energy Management
5.1 Thermal Waste-to-Energy
5.2 Biological Waste-to-Energy
5.2.1 Anaerobic Digestion
5.2.2 Bio-Hydrogen
5.2.3 Mechanical Biological Treatment
5.3 Physical Waste-to-Energy

Chapter 6 Market Breakdown by Application and End-Use
6.1 Global Market for Waste Heat Recovery Systems, by Application
6.2 Global Market for Waste Heat Recovery Systems, by End-Use

Chapter 7 Market Breakdown by Region
7.1 Global Market for Waste Heat Recovery Systems, by Region
7.2 North America
7.3 Europe
7.4 Asia-Pacific
7.5 Rest of the World

Chapter 8 Competitive Landscape
8.1 Company Market Share Analysis for Waste Heat Recovery Systems
8.1.1 Recent Key Developments

Chapter 9 Company Profiles
ABB LTD.
AURA GMBH & CO. KG
BOSCH INDUSTRIEKESSEL GMBH
BOUSTEAD INTERNATIONAL HEATERS LTD.
COCHRAN LTD.
CLIMEON AB
DURR AKTIENGESELLSCHAFT
ECHOGEN POWER SYSTEMS, LLC
ECONOTHERM LTD.
ENERTIME SA
EXERGY INTERNATIONAL SRL
FORBES MARSHALL
GENERAL ELECTRIC CO. (GE)
IHI Corp.
JOHN WOOD GROUP PLC
MITSUBISHI HEAVY INDUSTRIES, LTD.
ORMAT TECHNOLOGIES, INC.
RENTECH BOILER SYSTEMS, INC.
SIEMENS AKTIENGESELLSCHAFT
THERMAX LTD.

Chapter 10 Project Scope and Methodology
10.1 Overview
10.2 Scope of Report
10.3 Study Goals and Objectives
10.4 Methodology
10.5 Geographic Breakdown
10.6 Analyst's Credentials
10.7 Related BCC Research Reports

List of Tables
Summary Table : Global Market for Waste Heat Recovery Systems, by Region, Through 2027
Table 1 : Technology Cost Comparison for Power Generation, 2021
Table 2 : Waste Heat to Power Costs, 2021
Table 3 : Waste Heat Recovery Systems Patents, 2017-2022
Table 4 : Examples of Waste Heat Sources and End-Uses
Table 5 : Comparison of Power Generating Cycles for Waste Heat Recovery
Table 6 : Project Snapshot
Table 7 : Global Market for Waste Heat Recovery Systems, by Application, Through 2027
Table 8 : Global Market for Waste Heat Recovery Systems, by End-Use, Through 2027
Table 9 : Global Market for Waste Heat Recovery Systems, by Region, Through 2027
Table 10 : North American Market for Waste Heat Recovery Systems, by Application, Through 2027
Table 11 : North American Market for Waste Heat Recovery Systems, by End-Use, Through 2027
Table 12 : European Market for Waste Heat Recovery Systems, by Application, Through 2027
Table 13 : European Market for Waste Heat Recovery Systems, by End-Use, Through 2027
Table 14 : Asia-Pacific Market for Waste Heat Recovery Systems, by Application, Through 2027
Table 15 : Asia-Pacific Market for Waste Heat Recovery Systems, by End-Use, Through 2027
Table 16 : Rest of the World Market for Waste Heat Recovery Systems, by Application, Through 2027
Table 17 : Rest of the World Market for Waste Heat Recovery Systems, by End-Use, Through 2027
Table 18 : Global Waste Heat Recovery Systems Market Shares, by Leading Suppliers, 2021
Table 19 : Global Waste Heat Recovery Systems Market, Recent Key Developments, 2017-2022
Table 20 : ABB Ltd.: Company Financial Highlights, 2019-2021
Table 21 : Climeon AB: Company Financial Highlights, 2019-2021
Table 22 : Durr Aktiengesellschaft.: Company Financial Highlights, 2019-2021
Table 23 : Enertime SA: Company Financial Highlights, 2019-2021
Table 24 : General Electric Co.: Company Financial Highlights, 2019-2021
Table 25 : IHI Corp.: Company Financial Highlights, 2020-2022
Table 26 : John Wood Group Plc: Company Financial Highlights, 2019-2021
Table 27 : Mitsubishi Heavy Industries, Ltd.: Company Financial Highlights, 2020-2022
Table 28 : Ormat Technologies, Inc.: Company Financial Highlights, 2019-2021
Table 29 : Siemens AG: Company Financial Highlights, 2019-2021
Table 30 : Thermax Ltd.: Company Financial Highlights, 2020-2022

List of Figures
Figure A : Waste Heat Recovery Components
Figure B : Waste Heat Recovery Cycle
Summary Figure : Global Market Shares of Waste Heat Recovery Systems, by Region, 2021
Figure 1 : Global Waste Heat Recovery Market Trends, 2021-2027
Figure 2 : Waste Heat Recovery With Rankine Cycle
Figure 3 : Process Flow of Organic Rankine Cycle System
Figure 4 : Kalina Cycle Heat Engine
Figure 5 : Echogen Supercritical CO2 Cycle
Figure 6 : Global Market Shares of Waste Heat Recovery Systems, by Application, 2021
Figure 7 : Global Market Shares of Waste Heat Recovery Systems, by End-Use, 2021
Figure 8 : Global Market for Waste Heat Recovery Systems, by Region
Figure 9 : Global Market Shares of Waste Heat Recovery Systems, by Region, 2021
Figure 10 : Global Market Shares of Waste Heat Recovery Systems, by Region, 2027
Figure 11 : ABB Ltd.: Revenue Share, by Business Segment, 2021
Figure 12 : Durr Aktiengesellschaft.: Revenue Share, by Business Segment, 2021
Figure 13 : General Electric Co.: Revenue Share, by Business Segment, 2021
Figure 14 : IHI Corp.: Revenue Share, by Business Segment, 2021
Figure 15 : John Wood Group Plc: Revenue Share, by Business Segment, 2021
Figure 16 : Mitsubishi Heavy Industries Ltd.: Revenue Share, by Business Segment, 2022
Figure 17 : Ormat Technologies, Inc.: Revenue Share, by Business Segment, 2021
Figure 18 : Siemens AG: Revenue Share, by Business Segment, 2021
Figure 19 : Thermax Ltd.: Revenue Share, by Business Segment, 2021
Figure 20 : Research Methodology Applied in the Analysis of the Global Market for Waste Heat Recovery Systems
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