+1-888-308-5802     
News Contact Us

Industrial Gas Turbine | The U.S. market is projected surpass an annual installation of 3 GW by 2024

Author : Rahul Sankrityayan | Published Date : 2019-04-02 

Waste Heat Recovery System Market size will surpass USD 80 Billion by 2025, as reported in the latest study by Global Market Insights, Inc.

Robust industrial sector growth along with rising demand for energy efficiency across key manufacturing sectors will drive the market growth. Shifting focus toward emission control coupled with stringent government regulations will stimulate the adoption heat recovery systems. Furthermore, reduced operational costs and shift toward renewable energy sources will significantly contribute toward industry expansion.

Request for Sample Copy of this research report @ www.gminsights.com/request-sample/detail/1235

The U.S. market is projected surpass an annual installation of 3 GW by 2024. Expansion of research and development (R&D) investment reforms along with shifting focus towards deployment of combined cycle generation systems will boost the product demand. As per the ICF International, turbines fabricated by the U.S. based manufacturers in 2016, contributed to over 70% of the operational natural gas-fired combined cycle projects across the nation.

Asia-Pacific market is set to surpass USD 30 billion by 2025. Positive outlook toward expansion of industrial centers along with government legislation and policies toward minimizing carbon footprint will propel the business growth. As of 2018, Asia Pacific accounted for over 50% of the global manufacturing valued added with rising FDI inflows toward manufacturing sector. Rising consumer focus on harmful environmental impacts of emissions and respective government plans toward sustainable development is set to boost product deployment across energy intensive industries.

>650 0C waste heat recovery system primariliy involves SRC technology under which steam is extracted from the turbines to preheat the boiler feedwater. These units are primarily deployed across heavy metal manufacturing, cement and glass industries for effective utilization of exhaust heat. Technology advancement, greater operational flexibility and subsequent cost reduction are few prominent features that will significantly contribute toward expansion of waste heat recovery system market size.

Shifting trends toward utilization of low temperature heat from industrial waste streams along with ongoing efforts to achieve energy optimization will boost the waste heat recovery system market growth. These systems are gaining importance across medium scale industries on account of their ability to cut down operational costs and reduce emission levels. Rising fuel prices and increasing demand for reliable electricity will further complement the industry growth.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/1235

Waste heat recovery systems, in recent years, have found substantial penetration across cement, petroleum refining, glass, heavy metal production, and chemical industries. The increasing demand for reliable and continuous electricity along with stringent emission norms will stimulate the product penetration. Ongoing expansion of food processing units coupled with declining cost of low temperature heat utilization will further enhance the global market share.

UK market size is anticipated to expand over 7% by 2025. Rising focus of the regulatory regime toward sustainable development and long-term benefits of decarbonization have significantly boosted the demand for waste heat recovery systems. Ongoing initiatives toward reducing CO2 emissions along with favorable government policies toward adoption of energy efficient systems and solutions will further enhance the industry growth.

Browse key industry insights spread across 305 pages with 430 market data tables & 43 figures & charts from the report @ www.gminsights.com/industry-analysis/waste-heat-recovery-system-market

Climeon AB, Promec Engineering, Boustead International, HRS, Aura GmbH, Cochran, IHI, Mitsubishi Hitachi Power Systems, AC Boilers, AMEC Foster Wheeler, Dürr Group, Siemens, Forbes Marshall, Bosch Thermotechnology, Rentech Boiler Systems, Viessman, General Electric, Ormat Technologies, Walchandnagar, Thermax, and Exergy SPA are some of the key waste heat recovery system market participants.

Waste Heat Recovery System Market, By End-Use

  • Petroleum Refining
  • Cement
  • Heavy Metal Manufacturing
  • Chemical
  • Pulp & Paper
  • Food & Beverage
  • Glass
  • Other Manufacturing

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Food & Beverages Color Fixing Agents Market will witness 4.4% CAGR by 2025

Published Date: 2019-06-18         Author: Rahul Sankrityayan

Global F&B Color Fixing Agents Market is forecast to exceed USD 3.27 billion by 2025; according to a new research report by Global Market Insights. Global F&B color fixing agents market will be driven by rapidly growing beverages industry. Product demand in beverages industry is projected to... Read More

Food & Beverage Sterilizing Agent Market to register phenomenal growth rate over 2018-2024

Published Date: 2019-06-18         Author: Rahul Sankrityayan

F&B Sterilizing Agent Market will surpass USD 500 million by 2025; according to a new research report by Global Market Insights. Sterilizing agent market has been witnessing a consistent growth rate since the last few years and is even forecast to pace its growth in the upcoming era. This steady... Read More

France Food Binders market from bakery & confectionery application will cross USD 20 million by 2025

Published Date: 2019-06-18         Author: Rahul Sankrityayan

Food Binders Market is set to surpass USD 1.9 billion by 2025; according to a new research report by Global Market Insights, Inc. Growing westernization of food dishes has led to increase in demand of binders owing to its adhesive property which keep ingredients intact. These products are widely use... Read More

© 2019 Fractovia. All Rights Reserved