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Waste Heat to Power Market Share

  • Report ID: GMI2065
  • Published Date: Nov 2022
  • Report Format: PDF
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Waste Heat to Power Market Share

Prominent companies operating in the industry include:

  • Cochran Ltd.
  • IHI Corporation
  • Thermax Ltd.
  • Rentech Boiler System
  • AC Boiler SpA
  • General Electric
  • Forbes Marshall
  • Walchandnagar Industries Limited (WIL)
  • Mitsubishi Heavy Industries
  • Aura GmbH
  • Exergy International
  • Siemens Energy
     

Players in the market have been putting an increased emphasis on leveraging cutting-edge technologies and innovating new and innovative products with improved capabilities. For instance, in September 2022, Mitsubishi Heavy Industries proclaimed the development of a binary power generation system based on ORC (organic rankine cycle) technology. The system retrieves waste heat from the sulfur-free fuel-burning engines and later converts it into usable energy.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of waste heat to power crossed USD 21 billion in 2022 and is expected to showcase more than 11% growth rate through 2032 owing to the strict regulations pertaining to reducing carbon and GHG emissions across major economies.

The SRC (Steam Rankine Cycle) segment is expected to expand at over 10% CAGR between 2023 and 2032 driven by the increased growth potential of SRC technology across the automobile sector.

The chemical segment is slated to garner more than USD 9 billion worth of revenues by 2032 due to strict emission norms and a visible surge in waste heat recovery systems across chemical manufacturing units.

The Europe market is estimated to attain nearly 10% gains through 2032 on account of the increasing technological advancements and rollouts of environment-friendly initiatives.

Waste Heat to Power Market Scope

  • Waste Heat to Power Market Size
  • Waste Heat to Power Market Analysis
  • Waste Heat to Power Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 17
    • Tables & Figures: 776
    • Countries covered: 23
    • Pages: 500
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