Waste Heat to Power Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

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:

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o Increasing demand for clean energy is fueling the market growth
o Robust growth in industrial sector is driving the market outlook

Restraints:

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o High initial investment restraints the market growth

REGIONAL FRAMEWORK

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
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Waste Heat to Power Report Scope