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Waste Heat Recovery Market Industry Scenario With Growth Strategies, Market Dynamics, And Competitive Landscape 2027
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Global Waste Heat Recovery Market is valued at USD 56.82 Billion in 2020 and expected to reach USD 101.23 Billion by 2027 with a CAGR of 8.6% over the forecast period.
Global Waste Heat Recovery System Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027, Increasing pollution and growing greenhouse gas emissions, supportive government regulations to decrease carbon footprint and rising need of energy efficient equipments are the some of the major factors driving the growth of Global Waste Heat Recovery System Market.
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Scope of Global Waste Heat Recovery Market Report
Industrial waste heat is heat produced in different industrial processes which is not put into any practical use and is lost, wasted and dumped into the environment. A waste heat recovery system is an energy recovery heat exchanger that transfers heat from process outputs at high temperature to another part of the process for some purpose, usually increased efficiency. WHRU is tool involved in cogeneration. Waste heat ...
... may extracted from sources such as hot flue gases from diesel generator, steam from cooling towers, waste water from cooling processes such as steel cooling. This tool will add more efficiency to the process and thus decreases the costs of fuel and energy consumption needed for that process. This process helps in reducing the pollution e.g. thermal and air pollution is dramatically reduce due to less flues gases of high temperature emitted from different industries. It reduces equipment sizes as fuel consumption reduces so the control and security equipment for handling the fuel decreases. Also it reduces the auxiliary energy consumption by reducing the equipment sizes. Waste heat of medium (120-650°C) and higher temperature could be used for generation of electricity or mechanical work via different capturing processes. It can be used to fulfill refrigeration requirements of trailer. Waste heat recovery is used in different industries like food industries, ceramic industries, cold storages, chemical industries, petroleum refining etc.
Top Companies:
Some key players for Global waste heat recovery Market are Siemens AG, Ormat Technologies, General Electric Co., Forbes Marshall, Boustead International Heaters, ABB, Echogen Power systems, Mitsubishi Heavy Industries, Ltd., Promec Engineering, Wood Plc, Terrapin, AURA GmbH % Co., Exergy S.P.A., IHI Corporation, Cliemon, Cool Enegy lnc., Econotherm, Thermax Limited and others.
Key Benefits of Global Waste Heat Recovery Report–
Global Waste Heat Recovery Market report covers in-depth historical and forecast analysis.
Global Waste Heat Recovery Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global Waste Heat Recovery report helps to identify opportunities in marketplace.
Global Waste Heat Recovery Market report covers extensive analysis of emerging trends and competitive landscape.
Global Waste Heat Recovery Market Segmentation:-
By Application:
• Pre Heating
• Steam & Electricity Generation
• Space Heating and Chilling
By End User:
• Petroleum Refining
• Metal Production
• Cement
• Chemical
• Paper and Pulp
• Others
Global Waste Heat Recovery Market By Regional & Country Level:
North America
U.S.
Canada
Europe
• U.K.
• France
• Germany
• Italy
Asia Pacific
• China
• Japan
• India
• Southeast Asia
Latin America
• Brazil
• Mexico
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