Lewes, DE -- (SBWIRE) -- 03/12/2015 -- Report forecast the Global Waste Heat Recovery market to grow at a CAGR of 7.3 percent over the period 2014-2019.

Waste heat recovery is a process that involves the capturing of heat exhausted by an existing industrial process. This waste heat is utilized for other heating applications, including power generation and other applications in various industries. There are numerous ways of recovering waste heat from industries. It is estimated that 20-50 percent of industrial energy usage is eventually released as waste heat. The sources of waste heat mainly include discharge of hot combustion gases into the atmosphere and heat transfer from hot equipment exteriors. Waste heat recovery unit is normally a heat exchanger where the heat is recovered from hot streams with high energy content. The following are the most common waste heat recovery equipment: HRSGs, industrial heating boilers, and turbines.

The report covers the present scenario and the growth prospects of the Global Waste Heat Recovery market for the period 2015-2019.

The Global Waste Heat Recovery Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Waste Heat Recovery market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

According to the lead analyst of this report,the huge investment plans in the MEA region is one of the key trends emerging in the market. The Middle East is rich in gas reserves and new gas discovery in East Africa have placed both these areas in a strategic position for gas-based power plants in the future.

According to the report, increased demand for electrical power worldwide is a major driver that has led to a growing need to conserve energy. Many countries like China and India are expected to witness an increase in energy utilization owing to rapid industrialization and improved standards of living.

Further, the report states that the high cost of equipment and maintenance is a major challenge faced by the market. Heat recovery systems comprise equipment such as HRSGs, boilers, and turbines, which are costly and require huge initial investments, along with high cost of maintenance.

This report covers the following companies as the key players in the Global Waste Heat Recovery Market: ABB Ltd., Alstom SA, Echogen Power Systems Inc., Foster Wheeler Ltd. and General Electric Co.

Other Prominent Vendors in the market are: Bono Energia, China Energy Recovery, Forbes Marshall, Ormat Technologies, Siemens and Thermax.

Market Driver
- Increase in Demand for Electrical Power
- For a full, detailed list, view our report

Market Challenge
- High Initial Cost of Equipment and Maintenance
- For a full, detailed list, view our report

Market Trend
- Huge Investment Plans in MEA Region
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 76 pages, "Global Waste Heat Recovery Market 2015 - 2019" report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Source, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-waste-heat-recovery-market-2015-2019

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