Global Waste Heat To Power Market Outlook, Opportunities And Strategies – Includes Waste Heat To Power Market Size
Learn about the global waste heat to power market through The Business Research Company, which provides information on waste heat to power market size, waste heat to power market drivers and restraints, waste heat to power market players, the COVID-19 impact on the waste heat to power market, and more.
The global waste heat to power market size is expected to grow from $13.44 billion in 2021 to $15.67 billion in 2022 at a compound annual growth rate (CAGR) of 16.6%. The WHP market size is expected to grow to $25.65 billion in 2026 at a CAGR of 13.1%.
The growth in the industrial sector is expected to propel the growth of waste heat to the power market going forward.
The waste heat to power market consists of sales of waste heat to power products by entities (organizations, sole traders, and partnerships) that are involved in capturing heat discharged by an existing process and using it to create power. Waste heat is energy produced in industrial operations that are not consumed and are thus lost, thrown away, or discharged into the environment. Steel mills, refineries, glass furnaces, and cement kilns, among other energy-intensive industrial operations, all emit hot exhaust gases and waste streams that can be used to generate power using well-established technology. It reduces pollution, equipment size, and auxiliary energy consumption.
Global Waste Heat To Power Market Segments Include:
By Product: Steam Rankine Cycle, Organic Rankine Cycle, Kalina Cycle
By Application: Preheating, Steam and Electricity Generation, Others
By End-Use: Petroleum Refining, Cement Industry, Heavy Metal Production, Chemical Industry, Pulp and Paper, Food and Beverage, Glass Industry, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe was the largest region in the waste heat to power market in 2021.
The development of Lead (PB) free materials for waste power recovery is a key trend in the market. Till 2020, Lead was the only major element used in waste heat recovery systems which is limiting the mass applications of waste heat. As a result, scientists are working on novel lead-free materials to recover waste heat with seemingly different qualities into a single material: the strong electrical conductivity of metals, the great thermoelectric sensitivity of semiconductors, and the poor thermal conductivity of glasses.
Major Market Players: ABB Ltd., AMEC Foster Wheeler Ltd., CNBM Group, Cochran Ltd., Dalian East New Energy Development Co. Ltd., Dürr Group, ElectraTherm, E-Rational, Forbes Marshall, General Electric, GETEC Energie Holding GmbH, IHI Corp., Mitsubishi Power Ltd., Ormat Technologies, Rentech Boiler Systems Inc., Siemens, Thermax Limited, Viessmann Limited, AC Boilers SpA, Bosch Thermotechnology, and Walchandnagar.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Waste Heat To Power Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides waste heat to power market overviews, analyzes and forecasts market size, share, waste heat to power market players, waste heat to power market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s waste heat to power market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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