Global Waste Heat Recovery Market Size, Share, Development and Demand Forecast to 2022 By P&S Market Research Reports
The
massive unexplored waste heat recovery market across the globe has
created abundant opportunities for the major players to exploit its potential. Although,
there has been significant development in the developed economies of European
Union and the U.S., the waste heat recovery market is still at its nascent form
especially in the developing countries of Asia-Pacific, Latin America, and
Africa. A high growth in the end-user industries has been witnessed in the
developing countries of these regions, which is responsible for providing immense growth opportunities for the waste
heat recovery market in these regions. Moreover, the increasing government
initiatives and tax benefits are expected to attract major players to invest in
the development of efficient waste heat management systems.
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The
petroleum refining segment held the largest share among the various end-users
in the global waste heat recovery market in 2015, and it is also expected to
retain its dominance during the forecast period.
The
global waste heat recovery market is expected to grow at a CAGR of 6.8% during
2016-2022. The major factors driving the growth of the global market include
increased government initiatives and stringent regulations, increasing energy
and electricity cost, and technological advancements and increasing investment
by large scale industries for the installation and development of waste heat
recovery systems. The different governments across the globe have initiated
several projects and schemes to promote and encourage the conservation and
efficient utilization of energy lost in industrial sectors.
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During
2012-2015, Europe held the largest share in the global waste heat recovery
market. The European market is growing, due to early introduction of waste heat
recovery technology and environmental policies regarding curbing the industrial
harmful emissions. Moreover, the government initiatives are driving the growth
of the European market. The European companies are investing huge capital for
research and development in the waste heat recovery system sector, which is
again fueling the growth of the waste heat recovery market in the region.
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Chapter 1. Research Scope &
Methodology
1.1 Market Definition
1.2 Market Scope
1.2.1 Market breakdown by application
1.2.2 Market breakdown by
end-user
Chapter 2. Executive Summary
2.1 Key
Findings
2.2 Research Summary
Chapter 3. Market Outlook
3.1
Introduction
3.2 Opportunities in the Global Waste Heat
Recovery Market
3.2.1 Massive unexplored waste heat recovery
market across the
globe
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