Waste Heat to Power Market Strategies and Share 2031
Waste heat to power is the process of capturing heat discarded by an existing industrial process and using that heat to generate power. Waste heat to power products are most widely used in various applications in heavy metal production, petroleum refining, cement, chemical and glass industries The key factors such as growth in the industrial sector and surge in demand for clean energy are boosting the market growth across emerging economies. Furthermore, stringent government regulations along with increasing focus to mitigate the carbon emissions has increased the focus of industries toward integration of effective energy conservation measures, which is anticipated to propel the market growth over the forecast period.
MARKET SCOPE
The "Global Waste Heat to Power Market Analysis to 2031" is a specialized and in-depth study of the electronics components with a special focus on the global market trend analysis. The report aims to provide an overview of the waste heat to power market with detailed market segmentation by type, application and geography. The report provides key statistics on the market status of the leading waste heat to power market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type the market is segmented into steam rankine cycle, organic rankine cycle, and kalina cycle
- On the basis application, the market is segmented as chemical industry, metal manufacturing, oil & gas, and others
MARKET DYNAMICS
Drivers:
- -
o Increasing demand for clean energy is fueling the market growth
o Robust growth in industrial sector is driving the market outlook
- -
o High initial investment restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The waste heat to power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the waste heat to power market in these regions.
IMPACT OF COVID-19 ON WASTE HEAT AND POWER MARKET
The emergence of the COVID-19 has severely impacted the power industries, which resulted decline in the demand for waste heat to power in the year 2021. The outbreak of the pandemic led to demand-supply gap and shutdown of various industries across the globe, which in turn, hampered the market dynamics in the pandemic times. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted waste heat to power industry in the short term. The pandemic had hampered the industries significantly to remain shut during the peak times of the pandemic. However, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the pandemic recovery period.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The waste heat to power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the waste heat to power market in these regions.
IMPACT OF COVID-19 ON WASTE HEAT AND POWER MARKET
The emergence of the COVID-19 has severely impacted the power industries, which resulted decline in the demand for waste heat to power in the year 2021. The outbreak of the pandemic led to demand-supply gap and shutdown of various industries across the globe, which in turn, hampered the market dynamics in the pandemic times. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted waste heat to power industry in the short term. The pandemic had hampered the industries significantly to remain shut during the peak times of the pandemic. However, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the pandemic recovery period.
MARKET PLAYERS
The report covers key developments in the waste heat and power market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in waste heat to power market are anticipated to get lucrative growth opportunities in the future owing increase in R&D investments.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the waste heat to power market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Siemens AG
- IHI Corporation
- Cochran
- Rentech Boilers
- Thermax Limited
- Viessmann Middle East FZE
- Ormat
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- G+E GETEC Holding GmbH
- Forbes Marshall
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Waste Heat To Power Market - By Type
1.3.2 Waste Heat To Power Market - By Application
1.3.3 Waste Heat To Power Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WASTE HEAT TO POWER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. WASTE HEAT TO POWER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WASTE HEAT TO POWER MARKET - GLOBAL MARKET ANALYSIS
6.1. WASTE HEAT TO POWER - GLOBAL MARKET OVERVIEW
6.2. WASTE HEAT TO POWER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. WASTE HEAT TO POWER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STEAM RANKINE CYCLE
7.3.1. Overview
7.3.2. Steam Rankine Cycle Market Forecast and Analysis
7.4. ORGANIC RANKINE CYCLE
7.4.1. Overview
7.4.2. Organic Rankine Cycle Market Forecast and Analysis
7.5. KALINA CYCLE
7.5.1. Overview
7.5.2. Kalina Cycle Market Forecast and Analysis
8. WASTE HEAT TO POWER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CHEMICAL INDUSTRY
8.3.1. Overview
8.3.2. Chemical Industry Market Forecast and Analysis
8.4. METAL MANUFACTURING
8.4.1. Overview
8.4.2. Metal Manufacturing Market Forecast and Analysis
8.5. OIL AND GAS
8.5.1. Overview
8.5.2. Oil and Gas Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. WASTE HEAT TO POWER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Waste Heat To Power Market Overview
9.1.2 North America Waste Heat To Power Market Forecasts and Analysis
9.1.3 North America Waste Heat To Power Market Forecasts and Analysis - By Type
9.1.4 North America Waste Heat To Power Market Forecasts and Analysis - By Application
9.1.5 North America Waste Heat To Power Market Forecasts and Analysis - By Countries
9.1.5.1 United States Waste Heat To Power Market
9.1.5.1.1 United States Waste Heat To Power Market by Type
9.1.5.1.2 United States Waste Heat To Power Market by Application
9.1.5.2 Canada Waste Heat To Power Market
9.1.5.2.1 Canada Waste Heat To Power Market by Type
9.1.5.2.2 Canada Waste Heat To Power Market by Application
9.1.5.3 Mexico Waste Heat To Power Market
9.1.5.3.1 Mexico Waste Heat To Power Market by Type
9.1.5.3.2 Mexico Waste Heat To Power Market by Application
9.2. EUROPE
9.2.1 Europe Waste Heat To Power Market Overview
9.2.2 Europe Waste Heat To Power Market Forecasts and Analysis
9.2.3 Europe Waste Heat To Power Market Forecasts and Analysis - By Type
9.2.4 Europe Waste Heat To Power Market Forecasts and Analysis - By Application
9.2.5 Europe Waste Heat To Power Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Waste Heat To Power Market
9.2.5.1.1 Germany Waste Heat To Power Market by Type
9.2.5.1.2 Germany Waste Heat To Power Market by Application
9.2.5.2 France Waste Heat To Power Market
9.2.5.2.1 France Waste Heat To Power Market by Type
9.2.5.2.2 France Waste Heat To Power Market by Application
9.2.5.3 Italy Waste Heat To Power Market
9.2.5.3.1 Italy Waste Heat To Power Market by Type
9.2.5.3.2 Italy Waste Heat To Power Market by Application
9.2.5.4 United Kingdom Waste Heat To Power Market
9.2.5.4.1 United Kingdom Waste Heat To Power Market by Type
9.2.5.4.2 United Kingdom Waste Heat To Power Market by Application
9.2.5.5 Russia Waste Heat To Power Market
9.2.5.5.1 Russia Waste Heat To Power Market by Type
9.2.5.5.2 Russia Waste Heat To Power Market by Application
9.2.5.6 Rest of Europe Waste Heat To Power Market
9.2.5.6.1 Rest of Europe Waste Heat To Power Market by Type
9.2.5.6.2 Rest of Europe Waste Heat To Power Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Waste Heat To Power Market Overview
9.3.2 Asia-Pacific Waste Heat To Power Market Forecasts and Analysis
9.3.3 Asia-Pacific Waste Heat To Power Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Waste Heat To Power Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Waste Heat To Power Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Waste Heat To Power Market
9.3.5.1.1 Australia Waste Heat To Power Market by Type
9.3.5.1.2 Australia Waste Heat To Power Market by Application
9.3.5.2 China Waste Heat To Power Market
9.3.5.2.1 China Waste Heat To Power Market by Type
9.3.5.2.2 China Waste Heat To Power Market by Application
9.3.5.3 India Waste Heat To Power Market
9.3.5.3.1 India Waste Heat To Power Market by Type
9.3.5.3.2 India Waste Heat To Power Market by Application
9.3.5.4 Japan Waste Heat To Power Market
9.3.5.4.1 Japan Waste Heat To Power Market by Type
9.3.5.4.2 Japan Waste Heat To Power Market by Application
9.3.5.5 South Korea Waste Heat To Power Market
9.3.5.5.1 South Korea Waste Heat To Power Market by Type
9.3.5.5.2 South Korea Waste Heat To Power Market by Application
9.3.5.6 Rest of Asia-Pacific Waste Heat To Power Market
9.3.5.6.1 Rest of Asia-Pacific Waste Heat To Power Market by Type
9.3.5.6.2 Rest of Asia-Pacific Waste Heat To Power Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Waste Heat To Power Market Overview
9.4.2 Middle East and Africa Waste Heat To Power Market Forecasts and Analysis
9.4.3 Middle East and Africa Waste Heat To Power Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Waste Heat To Power Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Waste Heat To Power Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Waste Heat To Power Market
9.4.5.1.1 South Africa Waste Heat To Power Market by Type
9.4.5.1.2 South Africa Waste Heat To Power Market by Application
9.4.5.2 Saudi Arabia Waste Heat To Power Market
9.4.5.2.1 Saudi Arabia Waste Heat To Power Market by Type
9.4.5.2.2 Saudi Arabia Waste Heat To Power Market by Application
9.4.5.3 U.A.E Waste Heat To Power Market
9.4.5.3.1 U.A.E Waste Heat To Power Market by Type
9.4.5.3.2 U.A.E Waste Heat To Power Market by Application
9.4.5.4 Rest of Middle East and Africa Waste Heat To Power Market
9.4.5.4.1 Rest of Middle East and Africa Waste Heat To Power Market by Type
9.4.5.4.2 Rest of Middle East and Africa Waste Heat To Power Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Waste Heat To Power Market Overview
9.5.2 South and Central America Waste Heat To Power Market Forecasts and Analysis
9.5.3 South and Central America Waste Heat To Power Market Forecasts and Analysis - By Type
9.5.4 South and Central America Waste Heat To Power Market Forecasts and Analysis - By Application
9.5.5 South and Central America Waste Heat To Power Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Waste Heat To Power Market
9.5.5.1.1 Brazil Waste Heat To Power Market by Type
9.5.5.1.2 Brazil Waste Heat To Power Market by Application
9.5.5.2 Argentina Waste Heat To Power Market
9.5.5.2.1 Argentina Waste Heat To Power Market by Type
9.5.5.2.2 Argentina Waste Heat To Power Market by Application
9.5.5.3 Rest of South and Central America Waste Heat To Power Market
9.5.5.3.1 Rest of South and Central America Waste Heat To Power Market by Type
9.5.5.3.2 Rest of South and Central America Waste Heat To Power Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WASTE HEAT TO POWER MARKET, KEY COMPANY PROFILES
11.1. SIEMENS AG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. IHI CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COCHRAN
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. RENTECH BOILERS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. THERMAX LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. VIESSMANN MIDDLE EAST FZE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ORMAT
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MITSUBISHI HEAVY INDUSTRIES, LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. G+E GETEC HOLDING GMBH
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. FORBES MARSHALL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Siemens AG
2.IHI Corporation
3.Cochran
4.Rentech Boilers
5.Thermax Limited
6.Viessmann Middle East FZE
7.Ormat
8.MITSUBISHI HEAVY INDUSTRIES, LTD.
9.G+E GETEC Holding GmbH
10.Forbes Marshall
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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