888-776-0942 from 8 AM - 10 PM ET
BANGALORE , India , Aug. 3, 2022 /PRNewswire/ -- The Waste Heat to Power market is segmented by Type - Steam Rankine Cycle, Organic Rankine Cycles, Kalina Cycle, by Application - Chemical Industry, Metal Manufacturing, Oil and Gas, Others. Global Opportunity Analysis and Industry Forecast, 2022 - 2028. It is published in Valuates Reports under the Energy & Utilities Category.
The global Waste Heat to Power market size is estimated to be worth USD 2407.1 million in 2022 and is forecast to a readjusted size of USD 3207.4 million by 2028 with a CAGR of 4.9% during the forecast period.
Major Factors Driving The Growth Of The Waste Heat To Power Market are
The rising electricity demand, cheaper costs, and strict regulatory requirements will fuel the growth of the market during the forecast period.
The urgent need for industrial waste heat recovery technologies in several end-user industry verticals will drive market expansion in the coming years.
Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-19E8987/global-waste-heat-to-power
TRENDS INFLUENCING THE GROWTH OF THE GLOBAL WASTE HEAT TO POWER MARKET
The increasing significance of energy management, rising electricity demand, and huge consumer awareness of the utilization of renewable energy sources will positively impact the market trends. Government initiatives aimed at maximizing energy efficiency are seeing the wide scale deployment of waste heat to power systems. This will bolster the growth of the waste heat to power market in the coming years. Effective energy utilization policies have shifted the focus of all related stakeholders towards environmental protection.
WHP systems are cost-effective. The ranking cycle powers require low maintenance. The overall operation and maintenance cost is just USD 0.005 to 0.018 per kilowatt hour. This will foster the growth of the waste heat to power market. There is no additional fuel supplement use eliminating fuel costs.
Metal manufacturing goes through a number of high-temperature processes which creates waste heat. For instance, steel mills have high waste recovery opportunities. This will in turn boost the demand for the global waste heat to power market. The excess heat is recovered from coke ovens, blast furnaces, and basic oxygen furnaces during steel production. Metal foundries have a variety of waste heat sources such as melting furnace exhaust, core baking, pouring, shot blasting, castings cooling, heat treating, and quenching. There is also enough recovery potential from secondary melting processes in the aluminum industry.
The basic processes used in petroleum refineries include distillation, catalysis, thermal cracking, and treatment. A large amount of energy involving exothermic reactions produce heat. The oil and gas stations have integrated systems that recover heat from one process to use in other processes. High volumes of waste heat are released from petroleum coke calciners. As a result, the demand for waste to heat power market is going to expand rapidly in the coming years. The heat that is recovered from exothermic reactions or hot process streams in integrated systems is used in the production of biofuel, greenhouses, and eco-industrial parks.
There are major segments in the chemical industry where high-temperature exhaust that is released can be recovered for power generation. It includes industrial gasses, cyclic crudes, alkalis, chlorine, petrochemicals, synthetic organic fibers, rubber, plastic materials, and agricultural chemicals. When the hot flue gas and exhaust air leave the stack it contains a significant amount of energy. The heat recovery system captures the heat from ovens, kilns, dryers, incinerators, calciners, steam boilers, and thermal oil heaters. This will bolster the growth of the waste heat to power market in the subsequent years. By using the wasted heat to generate emission-free electricity users can put the power back into the process or sell it to the grid for supporting clean energy production.
Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-19E8987/Global_Waste_Heat_to_Power_Market
WASTE HEAT TO POWER MARKET SHARE ANALYSIS
Based on type, the steam Rankine cycle is expected to be the most lucrative due to ease of operation and minimum maintenance cost The growing clean energy demand from energy-intensive industries and strict emission norms will further contribute to the growth.
Based on application, the chemical industry will dominate in the waste heat to power market share during the forecast period.
Based on region, Europe will witness significant growth with a 53% market share due to technological innovations, reduced costs, supportive policies, and the growing importance of energy efficiency standards. While North America is the second largest with a 30% share.
Inquire For Customization : https://reports.valuates.com/request/customisation/QYRE-Auto-19E8987/Global_Waste_Heat_to_Power_Market
Inquire For Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-19E8987/Global_Waste_Heat_to_Power_Market
Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-19E8987/Global_Waste_Heat_to_Power_Market
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-19E8987&lic=single-user
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
- The global Waste Heat Boiler market size is estimated to be worth USD 6699.9 million in 2022 and is forecast to be a readjusted size of USD 8840.9 million by 2028 with a CAGR of 4.7% during the review period.
- The global Oil and Gas Waste Heat Recovery market size is projected to reach USD 13190 million by 2027, from USD 8972.9 million in 2020, at a CAGR of 5.2% during 2021-2027.
- The global Waste Heat Recovery System market size is estimated to be worth USD 28880 million in 2022 and is forecast to be a readjusted size of USD 34090 million by 2028 with a CAGR of 2.8% during the review period.
- Global Power Station Waste Heat Boiler Market Research Report 2022
- Global Industrial Waste Heat Recovery Systems Sales Market Report 2027
- The global E-waste Recycling market size is estimated to be worth USD 17260 million in 2022 and is projected to reach USD 27240 million by 2028 with a CAGR of 7.9% during the review period.
- The global thermal management market size is projected to reach USD 78300 million by 2028 from USD 60120 million in 2021 at a CAGR of 3.8% during 2022-2028.
- Power Semiconductor market size was USD 43750 million and it is expected to reach USD 62800 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period 2021-2027.
- The global Thermal Energy Storage (TES) market size is projected to reach USD 6019.7 million by 2028, from USD 3817.1 million in 2021, at a CAGR of 6.3% during 2022-2028
- The global Battery Management System (BMS) market was valued at USD 4862 million in 2020 and it is expected to reach USD 30680 million by the end of 2027, growing at a CAGR of 30.1% during 2021-2027.
- The global lithium-ion battery market was valued at USD 36.7 billion in 2019 and is projected to hit USD 129.3 billion by 2027 at a CAGR of 18.0% from 2020 to 2027.
- The global Electric Vehicle Battery market size is estimated to be worth USD 56690 million in 2022 and is forecast to a readjusted size of USD 302610 million by 2028 with a CAGR of 32.2% during the forecast period.
- In 2020, the global Electric Vehicle Battery Pack market size was USD 37360 million and it is expected to reach USD 230700 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 29.7% during the forecast period 2021-2027.
- The global Electric Vehicle Battery Recycling market size is projected to reach USD 2426.4 million by 2028, from USD 1176.3 million in 2021, at a CAGR of 10.8% during 2022-2028.
- In 2020, the global 18650 Lithium Battery market size was USD 6346.1 million and it is expected to reach USD 7091.9 million by the end of 2027, with a CAGR of 1.6% during 2021-2027.
- The global Lithium-Ion Battery Separator market size is estimated to be worth USD 3808.9 million in 2022 and is forecast to be a readjusted size of USD 6565.8 million by 2028 with a CAGR of 9.5% during the review period.
- The global graphene battery market size was valued at USD 48.8 million in 2019 and is projected to reach USD 398.6 million by 2027, to register a CAGR of 31.2% during the forecast period.
- The global Zinc-Air Batteries market size is estimated to be worth USD 418.9 million in 2022 and is forecast to a readjusted size of USD 607.8 million by 2028 with a CAGR of 6.4% during the review period.
- The global Lithium-ion Battery Recycling market size is projected to reach USD 24930 million by 2028, from USD 2543 million in 2021, at a CAGR of 38.1% during 2022-2028.
- In 2020, the global Battery Separator market size was USD 8218.6 million and it is expected to reach USD 18940 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 12.7% during 2021-2027.
- The global marine battery market size was valued at USD 0.37 billion in 2021 and is projected to reach USD 1.99 billion in 2030 growing at a CAGR of 20.5%.
- The global lithium-iron phosphate batteries market size was valued at D5.6 billion in 2020, and the lithium-iron phosphate batteries market is forecast to reach D9.9 billion by 2030 at a CAGR of 5.9% from 2021 to 2030.
- The global lead–acid battery market size was valued at USD 39.7 billion in 2018, and is projected to reach USD 59.7 billion by 2026, growing at a CAGR of 5.24% from 2019 to 2026.
- The global Military Battery market size is estimated to be worth USD 2113 million in 2022 and is forecast to a readjusted size of USD 2751.7 million by 2028 with a CAGR of 4.5% during the review period.
- Industrial Batteries market size is estimated to be worth USD 6229.2 million in 2022 and is forecast to be a readjusted size of USD 8065.5 million by 2028 with a CAGR of 4.4% during the review period.
- The global electric vehicle market was valued at USD 63.01 billion in 2020 and is projected to reach USD 823.75 billion by 2030, registering a CAGR of 18.2% from 2021 to 2030
- The global Electric Commercial Vehicle market size is projected to reach USD 178560 million by 2027, from USD 101270 million in 2020, at a CAGR of 8.3% during 2021-2027.
- The global evtol aircraft market size was valued at USD 45310 million in 2020 and is expected to reach USD 97370 million by the end of 2027 with a CAGR of 11.1% during 2021-2027.
- The global Electric Scooter and Motorcycle market size is estimated to be worth USD 7885 million in 2022 and is forecast to a readjusted size of USD 12170 million by 2028 with a CAGR of 7.5% during the review period.
- The global EV Charging Cables market is estimated to be worth USD 618.4 million in 2022 and is forecast to a readjusted size of USD 3672.2 million by 2028 with a CAGR of 34.6% during the review period.
- The global Electric Vehicle (EV) Charging Stations market size is estimated to be worth USD 2419.2 million in 2022 and is forecast to a readjusted size of USD 12490 million by 2028 with a CAGR of 31.5% during the review period.
- The global more electric aircraft market valued USD 1,809.20 million in 2019, and is projected to reach usd 4,612.69 million in 2027, registering a CAGR of 15.5%.
- The global Electric Aircraft market size is projected to reach USD 9566 million by 2027, from USD 6753.8 million in 2020, at a CAGR of 4.6% during 2021-2027.
- The global electric motor market size was valued at USD 106.3 billion in 2020 and is expected to reach USD 207.3 billion by 2030, with a CAGR of 6.7% from 2021 to 2030.
- The global micromobility market was valued at USD 40.19 Billion in 2020, and is projected to reach USD 195.42 Billion by 2030, registering a CAGR of 17.4% from 2021 to 2030.
- The global E-bikes market was valued at USD 40.3 Billion in 2019, and is projected to reach USD 118.6 Billion by 2030, registering a CAGR of 10.5% from 2020 to 2030.
Click Here To See Related Reports on Waste Heat To Power Market
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
Contact Us: Valuates Reports [email protected] For U.S. Toll-Free Call 1-(315)-215-3225 For IST Call +91-8040957137 WhatsApp: +91-9945648335 Website: https://reports.valuates.com Twitter - https://twitter.com/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET