About Waste Heat to Power
Waste Heat to Power (WHP) is the technique of seizing heat discarded by the existing method and using that heat to generate electricity. The thermoelectric generator is used to generate electricity from heat. Waste heat retrieval systems are amongst the most cost-effective method to raise the total efficiency of the plant as well as while diminishing the fuel demand. There is the various application of waste heat to power including the chemical industry, manufacturing, metal, and oil & gas.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.2% |
Analyst at AMA Research estimates that Chinese Manufacturers will contribute the maximum growth to Global Waste Heat to Power market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens (Germany), GE (United States), ABB (Switzerland), Amec Foster Wheeler (United Kingdom), Ormat (United States), MHI (Japan), Dürr Cyplan (Germany), GETEC (Germany), CNBM (China) and Alstom SA (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Harbin Electric International Company Ltd (China), China Energy Recovery Inc. (China), DaLian East (China) and ElectraTherm (United States).
Segmentation Overview
AMA Research has segmented the market of Global Waste Heat to Power market by Type (Steam Rankine Cycle, Organic Rankine Cycles and Kalina Cycle), Application (Steam And Power Generation and Pre-Heating) and Region.
On the basis of geography, the market of Waste Heat to Power has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Chemical Industry will boost the Waste Heat to Power market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Stringent Regulations to Reduce Carbon and Development of Sustainable Energy
Market Growth Drivers:
Upsurging Electricity Cost and Rising Awareness about Waste Heat to Power
Challenges:
More Initial Investment Cost
Restraints:
Uncertain Economic Condition
Opportunities:
Increasing Urbanization Will Create More Opportunities
Market Leaders and their expansionary development strategies
On 16th December 2018, Hitachi Ltd, Japan has announced that they are going to acquire Swiss engineering group ABB Ltd. The deal was established for initially investing 6.4 billion dollar. This acquisition helps Hitachi Ltd to enhancement its global presence in the power grid industry.
Key Target Audience
Waste Heat to Power (WHP) Manufacturers, Waste Heat to Power (WHP) Providers, Waste Heat to Power (WHP) Research Organizations, Government and Research Organizations, Grid Operators, Technology Standard Organizations and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.