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Waste Heat Recovery Market by Application (Pre-heating, Steam Generation, Electricity & Others), and Industry (Petroleum Refining, Heavy Metal, Cement, Chemical, Natural Gas Compression, Pulp/Paper Industry & Others) - Global Trends & Forecast to 2018

April 2014 | 196 pages | ID: W2EAD0F53DFEN
MarketsandMarkets

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The demand for waste heat recovery systems will continue to surge with the growing requirement for energy efficiency and rising environmental concerns regarding industrial waste heat emissions. The waste heat recovery systems offer energy savings and ensure effective utilization of the waste heat operations. These are the best solutions to the concerns over increasing energy and electricity prices. Technological improvement is as a major opportunity for the waste heat recovery systems market. The primary consideration in the R&D effort of this market lies in minimizing economic costs of waste heat recovery technologies.

Waste heat recovery is the process of capturing heat discarded by an existing industrial process and using that heat for other applications. Waste heat recovery involves capturing and reusing the waste heat from the industrial processes. The factors driving waste heat recovery market are increased growth in government regulatory requirement, increasing concern towards environmental protection, rising concern for energy prices, and the reluctant use of waste heat management. The future opportunities for waste heat recovery systems are huge potential in emerging economies such as Asia-Pacific.

Waste heat recovery equipment finds their usage in various industries for one or more applications. Enhancing process heat recovery efficiency provides significant and immediate cost savings. The waste heat recovery systems are used in various end-user in industries such as petroleum refining, heavy metal production, cement, chemical refining and other industries. The waste heat recovery market in cement industry is anticipated to grow at a highest CAGR of 9.32% due to the high demand from Asia-Pacific region.

FIGURE 1 WHRS MARKET MATRIX, BY REGION, 2013-2018 Source: MarketsandMarkets Analysis

The waste heat recovery market will reach $53.12 billion by 2018. Europe dominates the market, accounting for a major share of about 38% in 2012. Asia-Pacific will experience highest growth rate of 9.7% in the next five years from 2013-2018. Key regions in Asia-Pacific market are China and India which will experience the highest installations of waste heat recovery systems.

This report studies and forecasts the waste heat recovery systems market till 2018. The market is further segmented and forecasted for major geographic regions such as: North America, Europe, Asia–Pacific, and ROW. Market estimations have been provided in terms of market value (USD). The global as well as regional markets have been segmented by end user industry which includes petroleum refining, heavy metal production, chemical industry; cement industry, paper & pulp industry, and others. This market is also segmented on the basis of applications such as steam generation, power generation, pre-heating and others.

We have also profiled leading players of this industry with their recent developments and other strategic industry activities. Key participants in the global waste heat recovery systems market include General Electric (U.S.), Alstom SA (France), Mitsubishi Heavy Industries Ltd. (Japan), Siemens AG (Germany), and ABB Ltd. (Switzerland) hold a significant control in the market. The major players will continue to hold respective positions by joint ventures/collaborations & partnerships and by new technology development.
1 INTRODUCTION

1.1 Objectives
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
  1.5.1 Market Size
  1.5.2 Key Data Taken From Secondary Sources
  1.5.3 Major Secondary Sources Used
  1.5.4 Assumptions Made for This Report

2 EXECUTIVE SUMMARY

3 PREMIUM INSIGHTS

3.1 Market Segmentation
3.2 Factors Driving The Market to Overcome Market Restraints
3.3 Steam Generation–The Largest Application Area for WHRS
3.4 Petroleum Refining–The Largest End-User Industry for WHRS
3.5 U.S. & China to Dominate The Market By 2018
3.6 Most Companies Relied on Joint Venture, Collaboration & Partnership for Growth
3.7 General Electric–The Most Active Player in WHRS Market

4 MARKET OVERVIEW

4.1 Introduction
4.2 Value Chain Analysis
  4.2.1 Sources of Waste Heat
  4.2.2 Waste Heat Recovery Components/Devices
  4.2.3 Application of Waste Heat Recovered
  4.2.4 End-User Industry
4.3 Burning Issue
  4.3.1 Focus on Technological Advancement
4.4 Market Dynamics
  4.4.1 Drivers
    4.4.1.1 Rising Energy & Electricity Prices in Emerging Economies
    4.4.1.2 Government Regulations & Incentives
    4.4.1.3 Growing Environmental Concerns
    4.4.1.4 Need for Energy Efficient Equipment
  4.4.2 Restraints
    4.4.2.1 Implementation Cost
    4.4.2.2 Temperature Restraints
  4.4.3 Opportunities
    4.4.3.1 Emerging Economies
    4.4.3.2 Emerging Applications
4.5 Winning Imperatives
  4.5.1 Expansion Through Joint Venture/Partnership/Collaboration
    4.5.1.1 New Product/Technology Development
4.6 Porter’s Five Forces Analysis for WHRS Market
  4.6.1 Suppliers’ Power
  4.6.2 Buyers’ Power
  4.6.3 Threat of New Entrants
  4.6.4 Threat of Substitutes
  4.6.5 Degree of Competition

5 WASTE HEAT RECOVERY SYSTEM MARKET, BY COMPONENTS

5.1 Types of Waste Heat Recovery System
  5.1.1 Recuperator
  5.1.2 Regenerator
  5.1.3 Heat Wheel
  5.1.4 Economizer
  5.1.5 Waste Heat Recovery Boiler/Hrsg

6 WASTE HEAT RECOVERY SYSTEM MARKET, BY APPLICATION

6.1 Introduction
  6.1.1 Waste Heat Sources & Related Recovery Opportunity At Different Temperature
6.2 Market Analysis
  6.2.1 Steam Generation Dominates The WHRS Market
6.3 Steam Generation
  6.3.1 Introduction
    6.3.1.1 Europe to Drive The Steam Generation Market
6.4 Pre-Heating
  6.4.1 Asia-Pacific Showing The Highest Growth Rate
6.5 Power Generation
  6.5.1 Steam Rankine Cycle
  6.5.2 Organic Rankine Cycle
  6.5.3 Kalina Cycle
    6.5.3.1 Stringent Government Regulations Driving The European Market
6.6 Others
  6.6.1 Space Heating Application Growing Rapidly in Asia-Pacific

7 WASTE HEAT RECOVERY SYSTEM MARKET, BY END-USER INDUSTRY

7.1 Introduction
7.2 Market Analysis
  7.2.1 Major Waste Heat to Power Potential in Petroleum Industry
  7.2.2 High Growth in The Cement Industry Driving The Market
7.3 Petroleum Refining
  7.3.1 Introduction
  7.3.2 Need for Energy Efficiency Triggering The Demand for Waste Heat Recovery
7.4 Heavy Metals Production
  7.4.1 Introduction
  7.4.2 Asia-Pacific Will Experience High Growth
7.5 Chemical Industry
  7.5.1 Introduction
  7.5.2 Government Regulation Driving The ROW Market
7.6 Cement Industry
  7.6.1 Introduction
  7.6.2 Asia-Pacific Dominates The Market
  7.6.3 China Will Experience Maximum Installations
7.7 Paper & Pulp Industry
  7.7.1 Introduction
  7.7.2 Europe Capturing Maximum Share
7.8 Others
  7.8.1 Introduction
  7.8.2 Asia-Pacific Region Driving The Market

8 WASTE HEAT RECOVERY SYSTEM MARKET, BY GEOGRAPHY

8.1 Introduction
8.2 Market Analysis
  8.2.1 Europe Leads The WHRS Market
8.3 North America
  8.3.1 Introduction
    8.3.1.1 U.S. Showing Impressive Market for WHRS
    8.3.1.2 Increased Demand From Chemical Industry Driving The Market
    8.3.1.3 Steam Generation: Largest Application for WHRS Market
  8.3.2 Country Level Analysis
    8.3.2.1 U.S.
      8.3.2.1.1 Introduction
      8.3.2.1.2 Market Estimates
    8.3.2.2 Canada
      8.3.2.2.1 Introduction
      8.3.2.2.2 Market Estimates
8.4 Europe
  8.4.1 Introduction
    8.4.1.1 Italy, Germany, & France: Major Countries in Europe
    8.4.1.2 Petroleum Refining Will Experience Slow Growth
    8.4.1.3 High Penetration of Steam Generation Across All Industries
  8.4.2 Country Level Analysis
    8.4.2.1 Italy
      8.4.2.1.1 Introduction
      8.4.2.1.2 Market Estimates
    8.4.2.2 Germany
      8.4.2.2.1 Introduction
      8.4.2.2.2 Market Estimates
8.5 Asia-Pacific
  8.5.1 Introduction
    8.5.1.1 China Dominates The Asia-Pacific Market
    8.5.1.2 Growing Awareness of Cost Savings By WHRS Fueling The Demand
    8.5.1.3 Multi Functional & Economic Application Contributing to Market Growth
  8.5.2 Country Level Analysis
    8.5.2.1 China
      8.5.2.1.1 Introduction
      8.5.2.1.2 Market Estimates
    8.5.2.2 India
      8.5.2.2.1 Introduction
      8.5.2.2.2 Market Estimates
8.6 ROW
  8.6.1 Introduction
    8.6.1.1 High Demand From All End Use Industries Driving The Market
    8.6.1.2 Electricity Application Will Experience High Growth

9 COMPETITIVE LANDSCAPE

9.1 Introduction
9.2 Strategic Developments
  9.2.1 Joint Venture/Collaboration/Partnership: Most Preferred Strategic Approach
  9.2.2 Maximum Developments in 2013
  9.2.3 General Electric: Most Active Company
9.3 Competitive Situations & Trends
  9.3.1 Joint Ventures/Partnerships & Collaborations
  9.3.2 New Product/Technology Developments
  9.3.3 Acquisitions
  9.3.4 Service Agreement

10 COMPANY PROFILES (OVERVIEW, FINANCIAL, PRODUCTS & SERVICES, STRATEGY, AND DEVELOPMENTS)

10.1 ABB Ltd.
10.2 Alstom SA
10.3 China Energy Recovery Inc.
10.4 Echogen Power Systems Inc.
10.5 Econotherm (U.K.) Ltd.
10.6 Foster Wheeler AG
10.7 General Electric Co.
10.8 Mitsubishi Heavy Industries Ltd.
10.9 Ormat Technologies Inc.
10.1 Siemens AG.
10.11 Thermax Limited

LIST OF TABLES

Table 1 Examples of Waste Heat Sources & End­Use
Table 2 World Energy Consumption, By Country Grouping, 2008-2035 (Quadrillion Btu)
Table 3 Global Regulatory Landscape
Table 4 Heat Exchanger Efficiency Inventilation Systems
Table 5 Waste Heat Sources Classification, By Temperature
Table 6 Various Engine & There Output
Table 7 Joint Venture/Partnership/Collaboration
Table 8 New Product/Technology Development
Table 9 Types of Waste Heat Recovery System & Features
Table 10 Economizer Flow Types & Their Description
Table 11 Waste Heat Sources & Related Recovery Opportunity At High Temperature [>650°C]
Table 12 Waste Heat Sources & Related Recovery Opportunity At Medium Temperature (230-650°C)
Table 13 Waste Heat Sources & Related Recovery Opportunity At Low Temperature (230°C)
Table 14 WHRS By Temperature & Cost
Table 15 WHRS Market Size, By Application, 2011-2018 ($Million)
Table 16 Waste Heat Recovery Systems Market Size in Steam Generation, By Geography, 2011-2018 ($Million)
Table 17 WHRS Market Size in Pre-Heating, By Geography, 2011-2018 ($Million)
Table 18 Power Generation: Options for WHR, By Technology
Table 19 WHRS Market Size in Power Generation, By Geography, 2011-2018 ($Million)
Table 20 WHRS Market Size in Others, By Geography, 2011-2018 ($Million)
Table 21 Examples of Waste Heat
Table 22 North America: Industrial WHR to Power Potential, 2010
Table 23 Waste Heat Recovery Systems Market Size, By End-User Industry, 2011-2018 ($Million)
Table 24 WHRS Market Size in Petroleum Refining, By Geography, 2011-2018 ($Million)
Table 25 WHRS Market Size in Heavy Metals Production, By Geography, 2011-2018 ($Million)
Table 26 WHRS Market Size in Chemical Industry, By End-User Industry, 2011-2018 ($Million)
Table 27 Cement Industry: Unrecovered Waste Heat & Work Potential From Exhaust Gases, By Source
Table 28 Cement Industry: Global WHR Installations, No. of Units 2011-2019
Table 29 Cement Industry: Waste Heat Recovery Installations, By Region, 2011-2018 (No. of Units)
Table 30 Asia-Pacific: WHR Cement Installations, By Country, 2011-2018 (No. of Units)
Table 31 WHRS Market Size in Cement Industry, By Region, 2011-2018 ($Million)
Table 32 WHRS Market Size in Paper & Pulp Industry, By End-User Industry, 2011-2018 ($Million)
Table 33 WHRS Market Size in Others, By End-User Industry, 2011-2018 ($Million)
Table 34 WHRSmarket Size, By Geography, 2011-2018 ($Million)
Table 35 U.S.: Existing Waste Heat Projects, By Application, 2012
Table 36 Waste Heat to Power Systems Applied to North America: Pipeline Gas Turbine Drives, By 2009-2010
Table 37 North America:WHRS Market Size, By Country, 2011-2018 ($Million)
Table 38 North America: Industrial Waste Heat Recovery to Power Potential, 2010
Table 39 North America:WHRS Market Size, By End-User Industry, 2011-2018 ($Million)
Table 40 North America:WHRS Market Size, By Application, 2011-2018 ($Million)
Table 41 U.S.: WHRS Market Size, By End-User Industry, 2011-2018 ($Million)
Table 42 Canada: WHRS Market Size, By End-User Industry, 2011-2018 ($Million)
Table 43 Europe: Waste Heat Recovery Systems Market Size, By Country, 2011-2018 ($Million)
Table 44 Europe: WHRS Market Size, By End-User Industry, 2011-2018 ($Million)
Table 45 Europe: WHRS Market Size, By Application, 2011-2018 ($Million)
Table 46 Italy: WHRS Market Size, By End-User Industry, 2011-2018 ($Million)
Table 47 Germany:WHRS Market Size, By End-User Industry, 2011-2018 ($Million)
Table 48 Asia-Pacific: Waste Heat Recovery Systems Market Size, By Country, 2011-2018 ($Million)
Table 49 Asia-Pacific: WHRS Market Size, By End-User Industry, 2011-2018 ($Million)
Table 50 Asia-Pacific: WHRS Market Size, By Application, 2011-2018 ($Million)
Table 51 China:WHRS Market Size, By End-User Industry, 2011-2018 ($Million)
Table 52 India: WHRS Market Size, By End-User Industry, 2011-2018 ($Million)
Table 53 ROW: Waste Heat Recovery Systems Market Size, By End-User Industry, 2011-2018 ($Million)
Table 54 ROW: WHRS Market Size, By Application, 2011-2018 ($Million)
Table 55 Joint Ventures/Collaborations/Partnerships, 2010-2013
Table 56 New Product/Technology Developments, 2009-2012
Table 57 Acquisitions, 2010-2013
Table 58 Service Agreement, 2010-2013
Table 59 ABB Ltd.: Products & Services
Table 60 Alstom SA: Products & Services
Table 61 China Energy Recovery: Products & Their Apllications
Table 62 Echogen Power Systems Inc.: Products & Their Applications
Table 63 Econotherm Ltd.: Products & Their Application
Table 64 Foster Wheelerag: Products & Services
Table 65 General Electric Co.: Products & Services
Table 66 Mitsubishi Heavy Industries: Products & Services
Table 67 Ormat Technologies: List of Recovered Energy Generation Power Plants in Operation, 2013
Table 68 Ormat Technologies: Products, Their Type & Applictaion
Table 69 Siemensag: Products & Services
Table 70 Thermax Ltd.: Products Their Type & Application

LIST OF FIGURES

Figure 1 Waste Heat Recovery Systems Market Share, By Region, Application, & End-User Industry, 2013
Figure 2 WHRS Market Segmentation
Figure 3 WHRS Market: Drivers & Restraints
Figure 4 WHRS: Growth Matrix, By Application
Figure 5 WHRS: Growth Matrix, By End-User Industry
Figure 6 WHRS: Market Size, By Region & Country ($Million), 2018
Figure 7 WHRS Market: Competitive Developments, 2009–2013
Figure 8 Growth Strategies of Major Players, 2010–2013
Figure 9 Value Chain for Waste Heat Recoevry Systems Market
Figure 10 EPC Chain of WHRS
Figure 11 Impact Analysis: Drivers, 2013-2018
Figure 12 Impact Analysis: Restraints, 2013-2018
Figure 13 Porter’s Five Forces for WHRS Market
Figure 14 Waste Heat Recovery Systems: Market Segmentation, By Application
Figure 15 WHRS Market Share, By Application, 2013 Vs 2018
Figure 16 WHRS Market Segmentation, By End-User Industry
Figure 17 WHRS: Market Share, By End-User Industry, 2013 Vs 2018
Figure 18 WHRS Market Segmentation, By Geography
Figure 19 Waste Heat Recovery Systems Market Share (Value), By Geography, 2013 Vs 2018 (%)
Figure 20 North America: WHRS Market Share (Value), By Country, 2013
Figure 21 Europe: WHRS Market Share (Value), By Country, 2013 (%)
Figure 22 Asia-Pacific: Waste Heat Recovery Systems Market Share (Value), By Country, 2013 (%)
Figure 23 Competitive Develeopments, By Growth Strategy, 2009-2013
Figure 24 Competitive Develeopments, 2009-2013
Figure 25 Competitive Develeopments, By Company, 2009-2013
Figure 26 Joint Ventures/Collaborations/Partnerships, 2010-2013
Figure 27 New Product/Technology Development, 2009-2012
Figure 28 Acquisitions, 2010-2013
Figure 29 Service Agreement, 2010-2013
Figure 30 ABB Ltd.: SWOT Analysis
Figure 31 Alstom SA: SWOT Analysis
Figure 32 China Energy Recovery: SWOT Analysis
Figure 33 Foster Wheelerag: SWOT Analysis
Figure 34 General Electric Co.: SWOT Analysis
Figure 35 Mitsubishi Heavy Industries: SWOT Analysis
Figure 36 Ormat Technologies: SWOT Analysis
Figure 37 Siemens AG: SWOT Analysis


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