Waste Heat Recovery System Market Worth $65.87 Billion by 2021 - Growing Demand From Cement & Metal Production Industries - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Waste Heat Recovery System Market - Global Trends & Forecasts to 2021" report to their offering.

The market size of waste heat recovery system (WHRS) is projected to reach USD 65.87 billion by 2021, at a CAGR of 6.90% between 2016 and 2021.

The growing demand from major end user industries such as cement and metal production is expected to drive the market in the future. The growing construction sector is significantly driving the demand for WHR system. The high cost of these systems is a major restraint for the market.

The steam & electricity generation application is expected to witness the highest growth rate between 2016 and 2021. Steam generation from waste heat sources is crucial to several end-use industries and, hence, is a major WHRS application. The advantages of steam generation are its high heat capacity and flexibility. However, it is expensive to produce steam, if there are inefficiencies in boiler and distribution systems. The fuel consumption is greatly reduced when the steam generated from waste heat is used for industrial operations.

The future growth of the industry will likely be driven by investments in chemical and petroleum refining projects, which is backed by recent boom of shale gas and oil slates in the U.S. and Canada.

Companies Mentioned:

  • ABB Ltd.
  • AMEC Foster Wheeler
  • Cool Energy, Inc.
  • Echogen Power Systems Inc.
  • Econotherm Ltd
  • General Electric Co.
  • Mitsubishi Heavy Industries Ltd.
  • Ormat Technologies Inc.
  • Siemens AG
  • Thermax Limited

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 WHRS Market, By Application

7 WHRS Market By End-User Industry

8 Regional Analysis

9 Competitive Landscape

10 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/v8j29s/waste_heat

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Energy and Natural Resources, Heat Exchangers and Cooling Towers

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Energy and Natural Resources, Heat Exchangers and Cooling Towers