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UK Waste Heat to Power Market size to expand over 13% by 2025

Author : Rahul Sankrityayan | Published Date : 2019-06-17 

The UK market size is set to expand over 13% by 2025. Long term benefits of decarbonization of energy intensive industries and growing focus toward sustainable development have aligned focus toward heat recovery from industrial sector. Furthermore, growing initiatives aimed at reducing the carbon footprint coupled with government policies favoring adoption of energy efficient systems will stimulate the product penetration.

Waste Heat To Power Market size will surpass USD 30 Billion by 2025, as reported in the latest study by Global Market Insights, Inc.

Resurgent economic growth along with rapid industrialization across key nations will drive the global market growth. Supportive policies coupled with government spending toward infrastructure development will further provide an impetus to the expansion of Energy Intensive Industries (EIIs) which in turn will complement the industry landscape. Furthermore, rising focus to reduce the overall operational cost of industries will thrust the deployment of WHP units.

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240 pages

362 market data tables

30 figures & charts

The UK market size is set to expand over 13% by 2025. Long term benefits of decarbonization of energy intensive industries and growing focus toward sustainable development have aligned focus toward heat recovery from industrial sector. Furthermore, growing initiatives aimed at reducing the carbon footprint coupled with government policies favoring adoption of energy efficient systems will stimulate the product penetration.

Waste heat to power units have found significant penetration across petroleum refining, heavy metal production, cement, chemical and glass industries. Escalating demand for continuous and reliable electricity along with increasing focus toward energy optimization will boost the product penetration. Moreover, expanding chemical industry along with strengthening of emission norms will propel the installation of waste heat to power systems across industrial sector.

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Growth drivers

  • Stringent emission norms
  • Robust industrial sector growth
  • Increasing demand for clean energy

 Industry pitfalls & challenges

  • High initial investment and lack of grid infrastructure

Organic rankine cycle waste heat to power market size is anticipated to expand over 16% by 2025. Features comprising improved process control, low turbine mechanical stress and greater operational flexibility when compared to other alternatives have significantly contributed toward Waste Heat to Power (WHP) market growth. Furthermore, introduction of various energy efficiency standards and codes for industrial sector with an aim promote deployment of energy efficient units will complement the product penetration.

Increased focus toward heat recovery and utilization from industrial waste streams will fuel the market growth. The WHP systems are increasingly gaining prominence across energy-intensive industries owing to their ability to minimize carbon footprints and support clean energy initiatives. Escalating electricity demand and volatile fuel prices will further favor the industry outlook.

North America market is set to surpass USD 9 billion by 2025. Positive outlook toward industrial sector growth along with respective government policies to support the industrialization efforts will propel the business outlook. Robust expansion across the manufacturing sector on account of increased domestic demand is set to fuel the product demand. Moreover, strengthening focus toward energy conservation with an aim to minimize adverse environmental impacts will significantly contribute toward industry growth.

Notable industry participants in the global market include Bosch Thermotechnology, IHI Corporation, Forbes Marshall Private, Siemens, AMEC Foster Wheeler, Rentech Boiler Systems, General Electric, Cochran, Exergy, Viessmann, Mitsubishi Hitachi Power Systems, AC Boilers, Thermax, Walchandnagar, Dürr Group and Ormat.

Related Report:

Hydraulic Cylinder Market:

https://www.marketwatch.com/press-release/china-hydraulic-cylinder-market-to-witness-substantial-gains-over-2019-2025-heavy-investments-toward-infrastructural-development-to-augment-the-regional-growth-2019-06-03

 

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

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