The Waste Heat To Power Global Market Report 2023, provides comprehensive information on the waste heat to power market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with The Business Research Company’s comprehensive Waste Heat To Power Global Market Report for the year 2023, the market is poised for a notable expansion. The data indicates that the market size, which stood at $15.83 billion in 2022, is projected to experience substantial growth, surging to an impressive $18.48 billion in 2023. This expansion is underpinned by a remarkable compound annual growth rate (CAGR) of 16.7%. However, it is crucial to note that the global economic landscape is undergoing significant disruptions, particularly stemming from the protracted Russia-Ukraine conflict. This ongoing war has cast a shadow over the prospects of a swift global recovery from the COVID-19 pandemic, especially in the immediate term.
The consequences of this geopolitical strife have been profound and far-reaching. It has resulted in the imposition of economic sanctions on various nations, a notable escalation in commodity prices, and substantial disruptions within the global supply chain. These interconnected issues have collectively given rise to inflationary pressures across the spectrum of goods and services, leaving an indelible impact on numerous markets worldwide.
The trajectory of the global waste heat to power sector is poised for continued expansion, with forecasts suggesting a market size of $30.36 billion by the year 2027. This progression is anticipated to be underpinned by a commendable CAGR of 13.2%.
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Within this dynamic landscape, the development of lead-free (Pb) materials for waste power recovery emerges as a pivotal trend. Historically, up until the year 2020, lead served as the predominant component employed in waste heat recovery systems, thereby constraining the widespread application of waste heat technology. Consequently, the scientific community has embarked on a quest to engineer innovative lead-free materials capable of harnessing waste heat with a unique combination of attributes. These materials seamlessly blend the potent electrical conductivity of metals, the exceptional thermoelectric sensitivity intrinsic to semiconductors, and the inherently limited thermal conductivity characterizing glasses.
An illustrative case in point can be found in the groundbreaking work conducted by scientists at the Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), an esteemed autonomous institution operating under the auspices of the Department of Science and Technology (DST) within the Government of India. In a groundbreaking achievement unveiled in February 2021, these visionary researchers unveiled a pioneering lead-free material known as Cadmium (Cd) doped Silver Antimony Telluride (AgSbTe2). This innovative material exhibits a remarkable capability to efficiently capture electricity from waste heat, signifying a transformative paradigm shift in the field of thermoelectric science and technology.
The waste heat to power market is segmented:
1) By Product: Steam Rankine Cycle, Organic Rankine Cycle, Kalina Cycle
2) By Application: Preheating, Steam And Electricity Generation, Other Applications
3) By End Use: Petroleum Refining, Cement Industry, Heavy Metal Production, Chemical Industry, Pulp And Paper, Food And Beverage, Glass Industry, Other End Users
Top 5 Major Players:
Europe was the largest region in the waste heat to power market in 2022.
Table of contents:
1. Executive Summary
2. Waste Heat to Power Market Characteristics
3. Waste Heat to Power Market Trends And Strategies
4. Waste Heat to Power Market – Macro Economic Scenario
5. Waste Heat to Power Market Size And Growth
….
26. Africa Waste Heat to Power Market
27. Waste Heat to Power Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Waste Heat to Power Market
29. Waste Heat to Power Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Waste Heat to Power Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Waste Heat to Power Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Waste Heat to Power Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
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