The economic development of any developing country across the world is immensely dependent on its industrial growth. Energy and electricity are the vital factors in determining the operational cost of an industry. Thus, all industries are highly dependent on energy and electricity at reasonable prices. However, the current trend of inflating prices of input energy, such as oil, gas, coal, and electricity, is leading to the development of sustainable solutions, such as waste heat recovery.
In upstream oil & gas segment, the need for heating process fluid is required in the Floating Production Storage & Offloading (FPSO) vessels, onshore processing units, and process platforms. This is primarily done by harnessing the waste heat available in exhaust gases, extracted from the Gas Turbine Generator or process gas compressor drives. The decentralized power supply is also one of the prominent trends in the world’s growing demand for energy. Many regions across the world do not have access to centralized power supply. Despite this, the local infrastructure still demands electricity. Thus, an effective and efficient way to cater this energy demand can be highly derived from the waste heat energy recovery systems.
The Global Oil and Gas Waste Heat Recovery Market is estimated to witness ~ 7.5% CAGR during the forecast period.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5903
Asia Pacific Oil and Gas Waste Heat Recovery market expected to have the highest CAGR
The Global Oil and Gas Waste Heat Recovery Market is segmented into four prominent regions, such as Asia Pacific, North America, Europe, and Rest of the World. The Asia Pacific region accounted for the largest share of the Oil and Gas Waste Heat Recovery Market in 2016, wherein China was the largest country-level market followed by India, Japan, and followed by the prominent Southeast Asian countries, such as Indonesia, Malaysia, and Singapore. The upsurge in natural gas infrastructure and development in manufacturing activity has resulted in a remarkable growth for Oil and Gas Waste Heat Recovery in the region. Asia Pacific oil and gas waste heat recovery market is anticipated to witness the highest CAGR during the forecast period. The high level of strengthening of power generation, extraction of oil & gas, and upsurged demand from refineries are projected to open new opportunities for the suppliers in Asia-Pacific region.
Ask for your specific company profile and country level customization on reports.
The key players in the Global Oil and Gas Waste Heat Recovery Market are ABB Ltd. (Switzerland), Ormat Technologies (U.S.), General Electric Company (U.S.), China Energy Recovery (China), Bono Energia (Italy), HRS (U.K), Harbin Electric Company Limited (China), Dongfang Electric Corporation (China), Amec Foster Wheeler (U.K), Siemens AG (Germany), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc.(U.S.), Econotherm Ltd (U.K), Thermax Limited (U.K), and Cool Energy, Inc. (U.S.).
This research report provides insights into various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the Global Oil and Gas Waste Heat Recovery Market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
Get Complete Report @ https://www.marketresearchfuture.com/reports/oil-gas-waste-heat-recovery-market-5903
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar