Global Waste Heat Recovery System Market Booms due to Growing Need for Energy Efficient and Cost-Effective Production in Industrial Sector

 

According to a new report published by Reports Monitor titled, “Waste Heat Recovery System Market by Type, Technology, Range, Application and End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Waste Heat Recovery System Market is projected to grow rapidly from 2017 to 2025. North America region is anticipated to lead the market and keep growing continuously throughout the forecast period. 

 

Waste heat recovery system is technique of grabbing and reusing heat liberated in the form of exhaust gas, streams of high energy content produced in refining processes of industrial sectors. Ascribing to exalted cost of fossil fuel and their harsh ramification on atmosphere does not allow precious commodity like heat energy to be wasted. Feasibility of the waste heat recovery system is totally dependent on temperature of the waste heat. Different industrial sectors such as petroleum, chemical and automotive liberate enough waste heat that can be conserved and used for generating electrical energy.  Expanding Industrialization and heat being produced on larger scale leads to capture and reuse of waste heat of utmost important. 

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Growing need for energy efficient and cost-effective production in industrial sector including chemical, petroleum and automotive that requires high energy input demands for waste heat recovery system influences the market growth at far larger extent. Furthermore, strict regulations followed by government, emerging environmental safety threat, decaling levels of fossil fuel, various business attempts for low consumption of energy, need to reduce the operational cost all favours the growth of the market in near time. Nevertheless, soaring implementation cost of the system and temperature fluctuation are risk factors that might possess obstacle to the market. Advancement and innovation in the technology of waste heat recovery system and approach & adoption in developing countries are offering substantial opportunities to penetrate the market. 

 

View Full Report Description and TOC: https://goo.gl/gq6FDS

 

Key Question Answered:

• What will the market size and the growth rate be in 2025?

• A detailed analysis of growth drivers, market restraints, regulatory trends, industry pitfalls, challenges and opportunities for participants

• What are the key outcomes of the five forces analysis of the global waste heat recovery market?

• Who are the key vendors in the global waste heat recovery market?

• Which are leading segment and leading region with highest market share in the global waste heat recovery system market?

 

Major key players profiled in the market include: ABB Ltd., AMEC Foster Wheeler, Cool Energy, Inc., Echogen Power Systems Inc., Econotherm Ltd, General Electric Co., Mitsubishi Heavy Industries Ltd., Ormat Technologies Inc. and Siemens AG

The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.

Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.

The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.

 Some Points from TOC:

1. Introduction

1.1. Market Definition

1.2. Market Scope

2. Research Methodology

2.1. Primary Research

2.2. Secondary Sources

2.3. Assumptions & Exclusions

3. Market Overview

3.1. Research Report Segmentation & Scope

3.2. Key Market Trend Analysis

3.2.1. Market Drivers

3.2.2. Market Restraint/Challenges

3.2.3. Market Opportunities

3.3. Porter’s Five Forces Analysis

3.4. Potential Venture Avenues

3.5. Market Share Analysis, 2016

4. Type Overview

4.1. Introduction

4.2. Market Size & Forecast, 2015 to 2025

4.2.1. Gas And Disease Cogeneration System

4.2.2. Boiler Exhaust Stack Economizer System

4.2.3. Fume Incineration System

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

 View Full Press Release: http://garnerinsights.com/press-release/Waste-Heat-Recovery-System-Market

 

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