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

MARKET INTRODUCTION

The waste heat to power market is made up of companies (organisations, sole proprietors, and partnerships) who sell waste heat to power goods. These companies are engaged in absorbing heat released by an existing process and using it to generate electricity. Waste heat is energy generated during industrial processes but not used, and is subsequently lost, thrown away, or released into the environment. Among other energy-intensive industrial operations, steel mills, refineries, glass furnaces, and cement kilns all produce hot waste streams and exhaust gases that can be used to produce electricity using well-established technology. It decreases auxiliary energy use, pollutants, and equipment size.

MARKET DYNAMICS

The market for waste heat to power is expected to grow as a result of a paradigm shift toward the integration of renewable energy sources and rising worldwide energy demand. Rising energy consumption and robust industrial sector expansion will encourage product uptake throughout developing nations. The industrial trend toward integrating efficient energy saving methods has been influenced by strict regulatory mandates and a growing focus on reducing emissions.

MARKET SCOPE

The "Global Waste to Heat Power Market Analysis to 2031" is a specialized and in-depth study of the waste to heat power market with a special focus on the global market trend analysis. The report aims to provide an overview of the waste to heat power market with detailed market segmentation by product, application, and geography. The global waste to heat power market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading waste to heat power market players and offers key trends and opportunities in the waste to heat power market.

MARKET SEGMENTATION

The global waste to heat power market is segmented based on product and application. Based on product, waste to heat power market is segmented into steam rankine cycle, organic rankine cycle and kalina cycle. Based on application, waste to heat power market is segmented into petroleum refining, cement industry, heavy metal production, chemical industry, pulp and paper, food and beverage, glass industry and others.

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IMPACT OF COVID-19 ON WASTE TO HEAT POWER MARKET

The COVID-19 pandemic has had a significant impact on the market for Waste to Heat Powers. Due to supply chain difficulties as a result of long-term plant closures around the world, the spread of COVID-19 had a negative impact on the market. The COVID-19 epidemic has erupted, and the situation remains tense. There are, nevertheless, some facts to ponder. The production were prohibited in numerous nations, which hampered the expansion of the market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Waste to Heat Power Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Waste to Heat Power Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Waste to Heat Power Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the waste to heat power market in these regions.

MARKET PLAYERS

The reports cover key developments in the waste to heat power market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals 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 expansion of business and customer base of market players. The market players from waste to heat power market are anticipated to lucrative growth opportunities in the future with the rising demand for waste to heat power market. Below mentioned is the list of few companies engaged in the waste to heat power market.

The report also includes the profiles of key waste to heat power market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   IHI Corporation
  
•   AMEC Foster Wheeler
  
•   Cochran
  
•   Forbes Marshall Private
  
•   Mitsubishi Hitachi Power Systems
  
•   Siemens
  
•   AC Boilers Spa
  
•   Rentech Boiler Systems
  
•   Viessmann
  
•   Bosch Thermotechnology
  
  

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 to Heat Power Report Scope