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Global Waste Heat Recovery Market in oil and Gas Industry 2015-2019

About waste heat recovery

Waste heat recovery is a process that involves 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 different industries. There are numerous ways of recovering waste heat from industries. It is estimated that 20%-50% 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.

Technavio’s analysts forecast the global waste heat recovery market in oil and gas industry to grow at a CAGR of 7.6% during the period 2014-2019.

Covered in this report

This report covers the present scenario and the growth prospects of the global waste heat recovery market in oil and gas industry for the period 2015-2019. The report focuses on waste heat recovery equipment used in the oil and gas industry. The installed capacity in the report is derived from waste heat to power applications in terms of GW.

Technavio’s report, Global Waste Heat Recovery Market in the Oil and Gas Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. A detailed study of the application segmentation, which includes the downstream, midstream, and upstream, is given in the report. Also, the report discusses the key geographies that comprise EMEA, APAC, and the Americas in terms of their installed capacity.

Key vendors

  • Alstom
  • Amec Foster Wheeler
  • Dongfang Electric
  • Harbin Electric
  • MHPS
Other prominent vendors
  • Bono Energia
  • China Energy Recovery
  • Forbes Marshall
  • Ormat Technologies
  • Siemens
Market driver
  • Rise in unconventional oil and gas resources
  • For a full, detailed list, view our report
Market challenge
  • Technical challenges
  • For a full, detailed list, view our report
Market trend
  • Stringent environment norms
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Waste Heat Recovery Market in oil and Gas Industry 2015-2019

Technavio recognizes the following companies as the key players in the Global Waste Heat Recovery Market in oil and Gas Industry: Alstom, Amec Foster Wheeler, Dongfang Electric, Harbin Electric and MHPS

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

Commenting on the report, an analyst from Technavio’s team said: “Government bodies worldwide are focusing on the reduction of GHG emissions. International agreements such as the Kyoto Protocol have lowered the outlook for coal-fired generation. Agencies such as the EPA and IPCC and the Climate Change Act 2008 have been laying down targets for emission reduction. These stringent regulations for emission reduction and a clean environment have provided the impetus to use HRSG, heat exchangers, and other waste heat recovery equipment. Such regulations will drive long-term growth, as these regulations against carbon-intensive technologies are likely to tighten during the forecast period.”

According to the report, Waste heat recovery technology improves the operational efficiency of oil and gas plants and provides technological advantages for improving system performance. The waste exhaust or heat streams from various processes are used for other process applications or to produce power. Also, waste heat recovery can provide benefits in the form of fuel saving and reduction in emissions. These may have renewable and environmental credits.

Further, the report states that High cost of equipment and maintenance hinders the market growth.

Companies Mentioned

Alstom, Amec Foster Wheeler, Dongfang Electric, Harbin Electric, MHPS, Bono Energia, China Energy Recovery, Forbes Marshall, Ormat Technologies, Siemens

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global waste heat recovery market by oil and gas industry 2014-2019 (GW)
    • Five forces analysis
      • Table Five forces analysis
  • Market Segmentation by application
    • Global waste heat recovery market in oil and gas industry by application 2014
      • Table Global waste heat recovery market in oil and gas industry by application 2014
    • Global waste heat recovery market in oil and gas industry by application 2019
      • Table Global waste heat recovery market in oil and gas industry by application 2019
      • Table Global waste heat recovery market for oil and gas industry 2014-2019
    • Global waste heat recovery market in oil and gas industry by downstream sector
      • Table Global waste heat recovery market in oil and gas industry by downstream sector 2014-2019 (GW)
      • Table Oil refining value chain
    • Global waste heat recovery market in oil and gas industry by upstream sector
      • Table Global waste heat recovery market in oil and gas industry by upstream sector 2014-2019 (GW)
    • Global waste heat recovery market in oil and gas industry by midstream sector
      • Table Global waste heat recovery market in midstream oil and gas sector 2014-2019 (GW)
  • Geographical segmentation
    • Global waste heat recovery market in oil and gas industry by region 2014
      • Table Global waste heat recovery market in oil and gas industry by region 2014
    • Global waste heat recovery market in oil and gas industry by region 2019
      • Table Global waste heat recovery market in oil and gas industry by region 2019
      • Table Global waste heat recovery market in oil and gas industry by region 2014-2019
  • Geographical segmentation
    • Waste heat recovery market in oil and gas industry in EMEA
      • Table Waste heat recovery market in oil and gas industry in EMEA 2014-2019 (GW)
    • Waste heat recovery market in oil and gas industry in Americas
      • Table Waste heat recovery market in oil and gas industry in Americas 2014-2019 (GW)
    • Waste heat recovery market in oil and gas industry in APAC
      • Table Waste heat recovery market in oil and gas industry in APAC 2014-2019 (GW)
  • Market drivers
    • Table Percentage of US oil and natural gas from tight oil and shale gas 2005-2020
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • ABB
    • Alstom
    • Amec Foster Wheeler
      • Table Business segmentation 2014 by revenue
      • Table Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Geographical segmentation by revenue 2014
    • GE Energy Management
    • Echogen Power Sytems
  • Appendix
    • List of abbreviation
  • Explore Technavio

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