Dublin, July 16, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/j52pw2/waste_heat) has announced the addition of the "Waste Heat Recovery Market by Application and Industry - Global Trends & Forecast to 2018" report to their offering.
Industrial waste heat recovery is the process of capturing and reusing the waste heat and gases arising from the industrial processes that would be otherwise lost into the atmosphere. The waste heat recovery techniques can reduce energy consumption, operational costs and CO2 and greenhouse gases emissions.
Major drivers for WHRS market are growing government regulatory requirement, increasing concern towards environmental protection and the concern over rising energy prices. Many companies are mainly focusing on technological improvement in order to develop new equipments, which will offer more economic recovering and reusing of the discarded heat. These new technologies will gain momentum in the coming years which may be an upcoming opportunity for the WHRS manufacturers.
The report covers the waste heat recovery systems market and its trends concerning four regions, namely, North America, Europe, Asia-Pacific, and ROW; and the major countries in each region such as U.S., Canada, India, China, Japan, Germany and others. The end user industry such as petroleum refining, heavy metal production, chemical industry, cement industry, paper & pulp industry, and others are included along with their estimated market value. The applications of the recovered waste heat covered are steam generation, power generation, pre-heating, and others. Steam generation captured around half of the market share in the total applications share.
Europe is the largest market waste heat recovery systems followed by North America and Asia-Pacific. In the next five years, Asia-Pacific will experience high growth of 9.8% in the next five years. The waste heat recovery systems market for emerging economies is expected to grow with higher growth rates, while the market in matured economies will grow at modest rates.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Waste Heat Recovery System Market, By Components
6 Waste Heat Recovery System Market, By Application
7 Waste Heat Recovery System Market, By End-User Industry
8 Waste Heat Recovery System Market, By Geography
9 Competitive Landscape
10 Company Profiles
- ABB Ltd.
- Alstom SA
- China Energy Recovery Inc.
- Echogen Power Systems Inc.
- Econotherm (U.K.) Ltd.
- Foster Wheeler AG
- General Electric Co.
- Mitsubishi Heavy Industries Ltd.
- Ormat Technologies Inc.
- Siemens AG.
- Thermax Limited
For more information visit http://www.researchandmarkets.com/research/j52pw2/waste_heat
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Source:Research and Markets