A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Waste
Heat Recovery Systems
Market. The
study, titled “Waste
Heat Recovery Systems Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Waste
Heat Recovery Systems Market: Overview
Waste
heat recovery systems are among the most economical ways to increase
the overall efficiency of the plant and while lowering fuel demand.
Large quantities of the fuel used to produce power in conventional
power plants is wasted due to the limitations of the power conversion
processes. Exhaust gas of various processes carry a huge amount of
energy, also referred to as waste heat. Often industrial processes
produce enough waste heat to generate electricity. Waste heat
recovery units (WHRUs) or heat to power units could recover the waste
heat and transform it into electricity by using, for example, an
organic Rankine cycle (ORC). Any exhaust gas stream with temperatures
above 250°F has the potential for significant waste heat recovery.
The waste heat temperature is a key factor determining waste heat
recovery feasibility. Waste heat temperatures can vary significantly.
In order to enable heat transfer and recovery, it is necessary that
the waste heat source temperature is higher than the heat sink
temperature.
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Market Research Report @
Waste
Heat Recovery Systems Market: Market Dynamics and Trends
Consumers
of waste heat recovery systems include plant process heating,
combustion air pre-heating, boiler feed water pre-heating, steam
ejectors, ORC generators, and building comfort heat. Often, waste
heat is of low temperature quality. It can be difficult to
efficiently utilize the heat contained. In these cases ORC technology
can bring an additional benefit to raise the overall plant
efficiency. The ORC unit utilizes this otherwise wasted energy and
converts it into power.
In
the upstream oil & gas segment the need for heating process fluid
is required in floating production storage and offloading vessels
(FPSO), offshore process platforms, and onshore processing units.
This is done by harnessing the waste heat available in the exhaust
gases, leaving the gas turbine generator (GTG) or the process gas
compressor drives (PGC).
Decentralized
power supply is another trend in the world’s growing demand for
energy. While many regions do not have access to centralized power
supply yet the local infrastructure still demands electricity.
Independent power supply makes use of any available fuels, be it
biomass, household refuse, or waste heat from an industrial process.
Waste
Heat Recovery Systems Market: Market Segmentation
Based
on the market, waste heat recovery systems are classified into gas
and diesel cogeneration systems, boiler exhaust stack economizer
systems, and fume incineration systems.
Based
on technology, waste heat recovery systems can be classified into:
complete closed loop systems, combustion air preheat systems, and
high particulate systems.
Based
on application, waste heat recovery systems can be classified into
recuperators, regenerators, rotary heat exchangers, heat pumps, and
economizers.
Based
on the application, waste heat recovery systems can be classified
into low temperature range (0–120°C), medium temperature range
(120–650°C) and high temperature range (650°C and above)
Waste
Heat Recovery Systems Market: Region-wise Outlook
Region-wise,
Europe and North America are the market leaders in the manufacturing
and utilization of waste heat recovery systems including in marine
sectors. This trend is followed by the Asia Pacific and Middle East
regions.
Get
accurate market forecast and analysis on the Waste Heat Recovery
Systems market. Request a sample to stay abreast on the key trends
impacting this market@
Waste
Heat Recovery Systems Market: Key Players
Major
players in the waste heat recovery systems market are Bosch
Industriekessel GmbH, Sigma Thermal, Dresser-Rand-Ingersoll, Cain
Industries, Ecogen Power Systems, Borsig GmbH, The Maersk Group,
Siemens AG, Thermax Global, and Ci-Tech Energy Recovery Systems.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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