DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bjlmmv/global_waste_heat) has announced the addition of the "Global Waste Heat Recovery Market in oil and Gas Industry 2015-2019" report to their offering.
The global waste heat recovery market in oil and gas industry to grow at a CAGR of 7.6% during the period 2014-2019.
The report, Global Waste Heat Recovery Market in the Oil and Gas Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. A detailed study of the application segmentation, which includes the downstream, midstream, and upstream, is given in the report. Also, the report discusses the key geographies that comprise EMEA, APAC, and the Americas in terms of their installed capacity.
Government bodies worldwide are focusing on the reduction of GHG emissions. International agreements such as the Kyoto Protocol have lowered the outlook for coal-fired generation. Agencies such as the EPA and IPCC and the Climate Change Act 2008 have been laying down targets for emission reduction. These stringent regulations for emission reduction and a clean environment have provided the impetus to use HRSG, heat exchangers, and other waste heat recovery equipment. Such regulations will drive long-term growth, as these regulations against carbon-intensive technologies are likely to tighten during the forecast period.
According to the report, Waste heat recovery technology improves the operational efficiency of oil and gas plants and provides technological advantages for improving system performance. The waste exhaust or heat streams from various processes are used for other process applications or to produce power. Also, waste heat recovery can provide benefits in the form of fuel saving and reduction in emissions. These may have renewable and environmental credits.
Further, the report states that High cost of equipment and maintenance hinders the market growth.
- Amec Foster Wheeler
- Dongfang Electric
- Harbin Electric
Other prominent vendors
- Bono Energia
- China Energy Recovery
- Forbes Marshall
- Ormat Technologies
For more information visit http://www.researchandmarkets.com/research/bjlmmv/global_waste_heat