Waste Heat Recovery Systems Market worth $53.12 Billion by 2018

Wednesday 30 April 2014, Amsterdam

The report "Waste Heat Recovery Market by Application (Pre-heating, Steam Generation, Electricity & Others), and Industry (Petroleum Refining, Heavy Metal, Cement, Chemical, Natural Gas Compression, Pulp/Paper Industry & Others) - Global Trends & Forecast to 2018", defines and segments the global waste heat recovery systems market with an analysis and forecasting of the global value. The waste heat recovery systems market value will grow to $53,120 million by 2018, with a CAGR of 6.50% from 2013 to 2018.

The waste heat recovery systems market is mainly driven by government regulations for reduction in the waste heat and greenhouse gases emissions. Rapid industrialization in emerging economies such as Asia-Pacific is also contributing to its market growth. Long-term growth drivers include growing awareness of the economic savings by waste heat recovery systems in the industrial processes.

The waste heat recovery systems market has very few large players. Others players are mostly the local companies operating in specific areas and capturing insignificant market shares individually. The leading players in the market include General Electric (U.S.), Alstom SA (France), Mitsubishi Heavy Industries Ltd. (Japan), Siemens AG (Germany), and ABB Ltd. (Switzerland).

The report forecasts value of the global waste heat recovery systems market and its trends concerning four regions namely, North America, Europe, Asia-Pacific and ROW. Major countries such as U.S., Canada, China, Germany, and others were analyzed. The various end use industries such as petroleum refining, metals, chemical industry, cement industry, paper & pulp industry, and others are covered. Waste heat recovery systems applications such as such as steam generation, power generation, pre-heating and others are included along with their estimated market values and consumption trends.

The report segments the global waste heat recovery systems market by application, end user industry and geography. It also focuses on market share analysis, and market dynamics such as drivers, restraints, and opportunities. Top and local players in the global waste heat recovery systems market have been identified and profiled.