Waste Heat Recovery in Oil and Gas Industry 2019, In-depth Analysis by Leading Players, Growth Opportunities, Regional Insights, Scope, Stake, Progress and Business Boosting Strategies till 2023

Waste Heat Recovery in Oil and Gas Industry 2019, In-depth Analysis by Leading Players, Growth Opportunities, Regional Insights, Scope, Stake, Progress and Business Boosting Strategies till 2023

“Oil and Gas Waste Heat Recovery Market”
Oil gas waste heat recovery systems relate to increasing the overall efficiency of oil and gas exploration & production plant in a very cost-effective way while diminishing the demand for fuels at the same time. Global Oil Gas Waste Heat Recovery Market With A CAGR Of 7.5% by 2023. Oil & Gas Waste Heat Recovery By Sector (Upstream, Midstream, Downstream), Application (Thermal, Electricity Power Generation), Equipment (Heat Exchanger, Boilers, Heat Recovery Steam Generators, Turbines), End-User.

Global Oil & Gas Waste Heat Recovery Market Overview

Waste heat recovery systems refer to a set of systems that are considered as one of the most cost-effective ways of increasing the overall efficiency of the oil and gas exploration and production plant while diminishing the fuel demand. Large quantities of fuel such as coal, and oil and gas, that are used for power production, through the use of conventional power plants are wasted due to the confines of the power conversion processes. The exhaust gas, which is emitted from different processes of the oil and gas plant, has exhibited a large amount of energy which is known as waste heat. Industrial processes often produce enough heat and waste energy for the generation of electricity. This oil and gas waste management is done using a technology known as waste heat recovery.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/5903

Hence, waste heat recovery units in oil and gas (WHRUs), also known as heat to power recovery units are used for the conversion of such waste heat into electricity through the utilization of organic ranking cycle. Another exhaust gas stream with the temperatures above 3000 F has also shown potential for significant oil and gas waste heat recovery management services’ feasibility. Waste heat temperatures can vary to a large scale, in terms of permitting heat transfer and recovery. Hence, it is essential that these waste heat sources have temperatures that are higher than the heat sink temperatures.

Waste and Heat Recovery in Oil & Gas Market Segmentation

The global oil and gas waste and heat recovery market is studied for various segments that are based on sector, application, equipment, end-user, and region.

Based on sector, the global waste heat recovery market is segmented into downstream, upstream, and midstream. Among these, the downstream segment is likely to dominate the market till the end of the forecast period. The downstream sector comprises refineries and petrochemical complex, that generate a huge amount of waste energy during their operations, hence, giving an extra advantage of utilizing waste energy.

Based on application, the waste heat recovery in oil and gas market is segmented into thermal, electricity power generation, and others. The thermal segment dominated the global oil and gas waste recovery market at the beginning of the forecast period. this segment is also likely to register the highest growth within the global oil and gas waste heat recovery market.

Based on equipment, the global oil and gas waste heat recovery market is segmented into heat exchangers, turbines, boilers, heat recovery steam generators, and others. Based on end-users, the global waste heat recovery for oil and gas market is segmented into residential and commercial.

Regional Analysis

The waste heat recovery for oil and gas market is studied for the regions of North America, Europe, Asia Pacific, and rest of the world.

The waste heat recovery market is anticipated to witness fast-paced growth during the forecast period. Asia Pacific held the largest share of the global waste heat recovery market at the beginning of the forecast period. Within Asia Pacific, rapid industrialization and upscaling emphasis on the development of sustainable energy within China, India, Japan, and other Southeast Asian countries is contributing to the high adoption of the global oil and gas waste heat recovery market over the forecast period.

On the other hand, North America and Europe are anticipated to witness fast adoption of waste heat recovery systems over the forecast period owing to the upscaling industrialization and major government initiatives regarding the energy-efficient solutions.

Prominent Players

Some prominent players in the global oil and gas waste recovery market, as profiled in the report, include ABB Ltd. (Switzerland), Ormat Technologies (U.S), General Electric Company (U.S), China Energy Recovery (China), Bono Energia (Italy), HRS (U.K), Harbin Electric Company Limited (China), Dongfang Electric Corporation (China), Amec Foster Wheeler (U.K), Siemens AG (Germany), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc.(U.S), Econotherm Ltd (U.K), Thermax Limited (U.K), and Cool Energy, Inc. (U.S).

Get Complete Report at: https://www.marketresearchfuture.com/reports/oil-gas-waste-heat-recovery-market-5903

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/oil-gas-waste-heat-recovery-market-5903