Energy

Operational Technology Market: Evolving Technology, Trends and Industry Analysis 2025

Posted on by abhishek930

Market Highlights:

The supervisory control and data acquisition (SCADA) systems command the maximum share in the operational technology market. The increased rate of adoption of IoT has led to the use of connected devices, and the increased automation demand will keep propelling the market for control systems. The swift demand for digital transformation has elevated the requirements for control systems.

Wired technology is anticipated to hold the maximum share of the overall operational technology market. Owing to the safety and reliability of wired networks, they are considered to be the most preferred technology in the industrial firms. The wired networking technologies that are necessary for establishment of connectivity among the OT solutions include HART, Foundation Fieldbus, Industrial Ethernet, PROFINET, Modbus, and others. These are highly used in the end-user industry such as chemical, food and beverages, oil and gas, pharmaceutical, and others.

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Market Scenario:

Operational technology can be defined as the hardware and software used to detect or cause changes in physical processes via direct monitoring or physical devices control such as valves, pumps, etc. It is the usage of computers to monitor the physical state of a system, such as the control network for a rail system and control system for a power station.

The global operational technology market is expected to grow in the forecast years owing to the increased communications and monitoring of machines, the evolution of IIoT, and; development in automation ecosystem with the help of organic growth strategies such as mergers and acquisitions, and collaborations; and rise in demand for industrialization in emerging countries during the forecast period.

Key Players:

The major companies that provide operational technology solutions include:

  • Emerson
  • Accenture
  • ABB Ltd
  • Rockwell Automation
  • Schneider Electric
  • IBM Corporation
  • Oracle
  • SAP SE
  • General Electric
  • Siemens AG
  • Yokogawa Electric
  • Huawei Technologies

Market Segments:

The global operational technology market is segmented on the basis of component, networking technology, end-user and regions.

  • Based on the components, the global operational technology market is divided into field devices, control systems, and services.
  • By networking technology, the global operational technology market is divided into wired technology, and wireless technology.
  • On the basis of end-user, the global operational technology market is segmented into process industry, and non-process industry.

Regional Analysis

Based on regions, the global operational technology market is segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. The North American operational technology market is estimated to grow at a swift rate during the forecast period. The presence of large number of technology providers and start-up companies are providing their products and solutions to both process and non-process industries. Various end-user industries such as food and beverages, oil and gas, and chemical present in this region have invaded the market through partnerships and collaborations. This has led to the creation of huge growth potential for the operational technology market.

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Green Packaging Market: Analysis, Segmentation, Competitors Analysis, Product Research, Trends and Forecast by 2025

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Market Growth

Green Packaging or sustainable packaging is the application of materials and implementation method for packaging of goods having low impact on both environment and energy consumption. The packaging is formed in an environmentally friendly manner and is energy efficient, using the recyclable and biodegradable materials.

Sustainable packaging has lower packaging content and alternative energy sources which include wind, bio fuels, and solar energy which are further used in the production and transport process. Increasing demand for the bio plastic packaging or green packaging products from various industries is expected to spur the market growth over the forecast period. Growing awareness for the environment friendly packaging for the need to reduce the pollution has also led to the increased emphasis on the application of recyclable materials for packaging.

Stringent laws are implemented over the application of non-biodegradable plastic bags and carriers. The initiatives taken by the regulatory body for the adoption of eco-friendly packaging products is further enhancing the industry growth. Furthermore, bio-degradable plastic are partially manufactured from renewable materials additives, biodegradable and petrochemicals which is anticipated to propel the market growth.

Key players include Amcor Limited, Tetra Laval International S.A., WestRock Company, Mondi PLC, Bemis Company Inc., Sealed Air Corporation, Sonoco Products Company, Huhtamaki OYJ, and Smurfit Kappa Group PLC. The market is highly fragmented with the presence of various regional, local and international vendors. Hence, the vendors are majorly on the innovation for establishing their position in the market based on features, quality, range of offerings and at low price.

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Market Segments:

The green packaging market is segmented based on material, process, packaging type and application.

Based on the materials, the industry is segregated into metal, glass, plastic, paper and paperboard and based on process; the categories include recycled content packaging, degradable packaging, and reusable packaging. The industry is further segregated into active packaging, molded pulp packaging and alternate fiber packaging based on packaging type. The application of green packaging includes food & beverage, healthcare, personal care and others (electronic appliances and home care products). The increasing demand for the dairy products such as milk, cheese, yogurt and others is anticipated to enhance the demand for the segment.

Furthermore, poor infrastructure facilities and high cost associated with recycling is expected to restrain the market. Although the benefits associated with green packaging which include waste reduction, cleaner production, energy conservation, efficient transport and increase in the application of renewable material is projected to reduce the negative effects over the forecast period.

North America is expected to have the major share with the U.S. being the major contributor in the region. Increasing government initiatives regarding the landfill and waste management is anticipated to support the industry growth. Furthermore, Asia Pacific region is projected to the fastest growing region over the forecast period owing to presence of various manufacturers functioning in food and beverage industry.

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Liquefied Natural Gas (LNG) Carrier – Global Industry Size, Share, Trends, Analysis and Forecast 2017 – 2025

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Market Scenario:

Liquefied natural gas (LNG) is a natural gas that has been converted to liquid form for the ease and safety of non-pressurized storage or transport. It is odorless, colorless, non-toxic and non-corrosive in nature. The increase in population and improving standards of living is propagating the growth of this market. Also, the trading of natural gas along further expanded the expansion in transportation of LNG is also driving this market.

The cryogenic liquefactions of LNG reduces the volume of gas as compared to its original volume, making it easier for the transportation process in a specialized LNG carrier. The most appropriate way to transport natural gas is with the help of a pipeline that is subdivided into offshore and onshore pipelines. The onshore pipelines ensure the transportation of gas to a short distance, whereas the offshore pipelines are used for long distance. Other means of carrying LNG is through vessels. The oldest LNG carrying technology Moss-Rosenberg containment system (commonly known as Moss) is still in use for new vessel construction. The second type of large-scale LNG carrying technology is the membrane technology.

Leading Key Players:

Some of the key players in the global liquefied natural gas (LNG) carrier market include:

  • China State Shipbuilding Corporation
  • Daewoo Shipbuilding and Marine Engineering (DSME)
  • Dynagas Ltd.
  • GasLog Ltd.
  • Hyundai Heavy Industries Co.
  • Kawasaki Heavy Industries
  • Mitsubishi Heavy Industries
  • Mitsui O.S.K. Lines, Ltd. (MOL)
  • Samsung Heavy Industries
  • STX Offshore & Shipbuilding Co., Ltd

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Market Segments

The global liquefied natural gas (LNG) carrier market can be segmented on the basis of technology and region.

  • On the basis of technology, the global liquefied natural gas (LNG) carrier market can be segmented into moss type, prism type and membrane type.
  • On the basis of region, the global liquefied natural gas (LNG) carrier market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America.

In North America, United States is expected to dominate in export of shale gas, owing to the huge domestic production. In spite of having too many environmental issues in Japan, the pattern of increment in consumption of LNG in power sector is highlighted in recent years. Australia, the United States, and Russia are may lead this race of global LNG trade during the forecast years. However, the developing counties like China and India will also have a major shareholding for natural gas consumption growth, which will further boost the demand for LNG carriers.

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Solar Roof Tiles Market Research 2017 – Global Industry Demand, Trends, Growth, Analysis and Forecast 2025

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Market Scenario

Solar roof tiles or solar shingles also referred as photovoltaic shingles, are the solar panels designed to function as the conventional roofing materials while producing electricity. Solar roof tiles are built into the structure of the roof making them an inconspicuous choice for the homeowners. The tiles produce the renewable electricity same as solar panels and each tile is made up of photovoltaic (PV) cells. Solar roof tiles or solar shingles are the building- integrated photovoltaics (BIPV).

Solar shingles are smaller in size comparison to traditional solar panels and are comparable to traditional roofing shingles about 86 inches long by 12 inches wide and weigh 13 pounds per square foot. Each shingle can produce 13 to 63 watts of electricity. These tiles are usually less than an inch thick and a standard installation is 350 tiles which can be installed in any climate.

Key Players:

Key manufacturers in the industry include:

  • SolarCity (Tesla, Inc.)
  • CertainTeed (Saint-Gobain)
  • Solarcentury
  • SolarShingle Canada
  • Atlantis Energy Systems
  • Forward Labs and SunTegra Solar Reef Systems
  • Tesla, Inc.
  • Buffalo Gigafactory

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The amount of electricity produced will depend on the various factors which include duration of the time for which tiles are exposed to sunlight, the efficiency rating of the solar tiles and orientation and angle of the roof. The electricity generated can be stored in solar battery storage system for future use. However, the price of the solar tiles is high compare to the solar panels but installing the solar tiles will add the value to the house. According to the Energy Saving Trust, installation of the solar tiles can increase the house price by as much as 10%.

Increasing demand for the tiles in new building properties for better energy efficiency is expected to enhance the industry growth over the forecast period. Furthermore, solar shingles also offer the huge opportunity for re-roof the property to the home owners for enhanced energy efficiency.

Easy installation along with the sleek appearance of the solar roof tiles is anticipated to impact the market demand in a positive manner. Moreover, high installation cost and lower efficiency of the solar tiles is projected to restrain the industry. However, the installation prices will fall as the homeowners grow more accustomed to own PV products such as solar shingles, hence providing the opportunity to increase the industry share.

Additionally, the UK government Feed-in Tariff scheme has also encouraged the property owners to re-roof their property. The tariff scheme is split into two set of payments which include Generation Tariff and Export Tariff. The scheme has stimulated the demand across the region as the people earn the money for every kWh of electricity generated through the solar shingles and also on the extra kWh of electricity fed to the National Grid.

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Produced Water Treatment Market Size and Trend by Analyzing the Performance of Various Competitors 2025

Posted on by abhishek930

Market Scenario

Produced Water Treatment is basically the leftover highly saline water that is typically trapped in the reservoir rock minerals during the extraction of oil and gas from the underground. It contains impurities such as metals and hydrocarbons which needs to be filtered and treated before using it for any other applications or to be discharged to surface water. Various government such as local and state-level as well as other agencies have imposed regulations governing the process, treatment and re-use of the produced water to limit the impact on the environment as well as public. The primary aim of the oil and gas operator is to use a low-cost disposal option to discharge produced water to the surface and must meet with the limits set by regulators. Certain minor parameter must be set such as specific constituents of concern such as ammonia or barium that can be toxic to sensitive animal and plant-life. Some of these parameters can be broadly classified such as Total Dissolved Solids (TDS) or Sodium Adsorption Ratio (SAR) that can affect several aspects of the environment. Various techniques are being used to treat processed water through chemical treatments and phase separation.

Key Players:

Some of the key players in the global Produced Water Treatment market include:

  • Fmc Technologies Inc.
  • Baker Hughes Incorporation
  • Enviro-Tech Systems
  • General Electric
  • Halliburton Company
  • Mineral Technologies Inc.
  • Ovivo Water Ltd.
  • Schlumberger Ltd.
  • Siemens Ag
  • Suez Environnement Group
  • Veolia Environnement
  • Weatherford International Ltd.
  • Schlumberger Ltd.

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Industry Growth

Lower disposal costs, increasing in the advancements in water treatment technologies, growing number of environmental regulations are some of the factors that would drive the growth of produced water treatment market. in addition, to the growing number of mature fields and re-use of produced water for daily operations across industries would in turn boost the produced water treatment market to a certain extent. challenges in the integrating the system on to the existing infrastructure, accurate quantification of produced water and operational complexity of treating produced water are expected to hinder the growth of the produced water treatment market. In addition, to the challenges such as acceptance amongst the public and configuration of the operation in the optimal level would pose a threat in the coming years.

Market Segments:

The global Produced Water Treatment market can be segmented on the basis of mode of separation, application and region.

  • On the basis of mode of separation, the global Produced Water Treatment market can be segmented into onshore and offshore.
  • On the basis of application, the Produced Water Treatment market can be segmented into primary, secondary, tertiary and others.
  • On the basis of region, the global Produced Water Treatment market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America. North America produced water treatment market accounts for the largest share of the total market and Asia-pacific Produced Water Treatment market is expected to gain higher traction during the forecast period.

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Green And Bio Polyols Market Expected to Witness a Significant Growth By 2025

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Market Scenario

Green polyols and bio polyols belong to eco-friendly alcohol solutions that comprise of multiple hydroxyl groups. Green polyol is obtained from recycled polyethylene terepthalate (PET) and polyurethanes. Bio polyol is derived from various vegetable oils such as corn, castor and canola. The two major types of green polyols and bio polyols that are widely used include polyether polyols and polyester polyols. These products are utilized in varied applications such as coatings, adhesives, sealants, and flexible and rigid polyurethane foams. The various end-user consumers of these polyols include transportation, construction, furniture, packaging, and carpet among others.

Market Segments

The global green polyols and bio polyols market is segmented on the basis of type, application, end-user industry and regions.

  • On the basis of type, the global green polyols and bio polyols market is divided into polyether and polyester.
  • On the basis of application, the global green polyols and bio polyols market is divided into polyurethane flexible foam, polyurethane rigid foam, and case.
  • On the basis of end-user industry, the global green polyols and bio polyols market is segmented into furniture & bedding, automotive, packaging, and carpet backing.

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Key Players:

The major companies that provide green and bio polyols include Biobased Technologies LLC, Cargill Inc., Johnson Controls Inc, Arkema S.A., Bayer MaterialScience, Global Bio-Chem Technology Group Co. Ltd., Emery Oleochemicals (M) Sdn Bhd, BASF SE, and Jayant Agro Organics Ltd. among others

Market Growth

The global green polyols and bio polyols market is expected to grow in the forecast years owing to presence of raw materials and rising crude oil prices resulting in price rise in traditional polyols. Other factors such as the minor carbon footprint have resulted in higher sustainability for green polyols and bio polyols. But, lack of technology and desired effects as compared to traditionally used polyols is estimated to curb the growth of the green polyol and bio polyol market.

Based on regions, the global green polyols and bio polyols market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The North America is the largest revenue-generating market of green polyols and bio polyols and soybean and corn are the widely used raw materials to produce bio polyols. Factors such as growing economy, rising income level, industrialization, and evolution of end-user industries is further bolstering the growth of the European market. In the European market, Italy and Germany are the most revenue generating markets for green polyol & bio polyol and are expected to have swift growth during future period. The green polyols and bio polyols market growth in the forecast period is anticipated to be from emerging countries such as Asia-Pacific owing to the growth of the end-user industries such as automotive and packaging, which are expected to offer market growth opportunities. In the Asia-Pacific region, China, India, Malaysia, and Japan, are considered to be the major markets.

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Xpodence Research have the most extensive collection of market research reports of many categories. Xpodence Research provides the best market research solution for every industry by publishing the best possible results of great market research firms worldwide. For every particular problem, there’s a particular solution, so according to the customer needs, we provide the best possible results to them from different market research organization, whether it’s a Custom Research or Syndicated Research reports because the product that wins is the one that bridges customers to the future, not the one that requires a giant leap.

Every organization, whether it is related to Pharmaceuticals, Technology, Eatables, Consumable Goods and many more demands a market research results so that they can take important decisions for more productivity and better output in this swift world. Xpodence Research gives the best possible outcome, perfect forecast, analysis and insights of market research in the form of report which is beneficial for various organisations and also to the manufacturing companies in taking the best decisions for quality production.

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Produced Water Treatment Market Analysis by Current Industry Status, Key Manufacturers, Industry Drivers and Forecast to 2025

Posted on by abhishek930

 

Market Scenario

Produced Water Treatment is basically the leftover highly saline water that is typically trapped in the reservoir rock minerals during the extraction of oil and gas from the underground. It contains impurities such as metals and hydrocarbons which needs to be filtered and treated before using it for any other applications or to be discharged to surface water. Various government such as local and state-level as well as other agencies have imposed regulations governing the process, treatment and re-use of the produced water to limit the impact on the environment as well as public. The primary aim of the oil and gas operator is to use a low-cost disposal option to discharge produced water to the surface and must meet with the limits set by regulators. Certain minor parameter must be set such as specific constituents of concern such as ammonia or barium that can be toxic to sensitive animal and plant-life. Some of these parameters can be broadly classified such as Total Dissolved Solids (TDS) or Sodium Adsorption Ratio (SAR) that can affect several aspects of the environment. Various techniques are being used to treat processed water through chemical treatments and phase separation.

Key Players:

Some of the key players in the global Produced Water Treatment market include:

  • Fmc Technologies Inc.
  • Baker Hughes Incorporation
  • Enviro-Tech Systems
  • General Electric
  • Halliburton Company
  • Mineral Technologies Inc.
  • Ovivo Water Ltd.
  • Schlumberger Ltd.
  • Siemens Ag
  • Suez Environnement Group
  • Veolia Environnement
  • Weatherford International Ltd
  • Schlumberger Ltd

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Market Segments:

The global Produced Water Treatment market can be segmented on the basis of mode of separation, application and region.

  • On the basis of mode of separation, the global Produced Water Treatment market can be segmented into onshore and offshore.
  • On the basis of application, the Produced Water Treatment market can be segmented into primary, secondary, tertiary and others.
  • On the basis of region, the global Produced Water Treatment market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America.

North America produced water treatment market accounts for the largest share of the total market and Asia-pacific Produced Water Treatment market is expected to gain higher traction during the forecast period.

Lower disposal costs, increasing in the advancements in water treatment technologies, growing number of environmental regulations are some of the factors that would drive the growth of produced water treatment market. in addition, to the growing number of mature fields and re-use of produced water for daily operations across industries would in turn boost the produced water treatment market to a certain extent. challenges in the integrating the system on to the existing infrastructure, accurate quantification of produced water and operational complexity of treating produced water are expected to hinder the growth of the produced water treatment market. In addition, to the challenges such as acceptance amongst the public and configuration of the operation in the optimal level would pose a threat in the coming years.

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About us:

Xpodence Research have the most extensive collection of market research reports of many categories. Xpodence Research provides the best market research solution for every industry by publishing the best possible results of great market research firms worldwide. For every particular problem, there’s a particular solution, so according to the customer needs, we provide the best possible results to them from different market research organization, whether it’s a Custom Research or Syndicated Research reports because the product that wins is the one that bridges customers to the future, not the one that requires a giant leap.

Every organization, whether it is related to Pharmaceuticals, Technology, Eatables, Consumable Goods and many more demands a market research results so that they can take important decisions for more productivity and better output in this swift world. Xpodence Research gives the best possible outcome, perfect forecast, analysis and insights of market research in the form of report which is beneficial for various organisations and also to the manufacturing companies in taking the best decisions for quality production.

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Energy Harvesting Market Analysis, Segments, Share and Key Trends 2017-2025

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Energy Harvesting, also known as energy scavenging is the process of capturing and accumulating the small amount of byproduct energy as heat, sound, light, vibration or movement. The energy captured can be used later in both low power and low voltage applications in portable or mobile markets such as consumer devices, medical equipment, industrial controls, transportation and military.

The energy captured is a residual energy as a byproduct of industrial process or environmental phenomenon and is known as the “free energy”. For instance, mechanical energy resulting from vibration, thermal energy heat escaped from furnaces and through other sources.

Increasing demand and awareness for power-efficient, safe and durable systems requiring minimum or no maintenance are anticipated to drive the market growth. Furthermore, growing trend for green energy, implementation of energy harvesting technology (IoT) in buildings and home automation and favorable initiatives by the governments is projected to fuel the market growth over the forecast period.

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Key Players:

Some of the key players in the energy harvesting market are:

  • Perpetuum
  • EnOcean
  • Arveni
  • GreenTeg
  • Fujitsu
  • Siemens AG
  • ABB Ltd.
  • Texas Instrument
  • Cymbet Corporation
  • Honeywell International

The energy harvesting technology helps in supporting the global problem of energy saving without depleting the forms of energy. The energy is harvested by scavenging wasted energy sources such as vibration, radio frequency (RF), incident light, electromagnetism, temperature gradient and human body functions or low-grade ambient energy.

 

The energy can be utilized as the alternate energy source for feeding the primary power source, hence enhancing the overall reliability of the system. The technology further reduces the dependency battery power. Increasing the governmental support for the energy harvesting and storage is anticipated to drive the market growth over the forecast period. Furthermore, advancements in the field of nanotechnology is anticipated to reduce the size of energy harvesting devices making the device portable, enhancing the market growth.

Shifting preferences of the consumer for energy saving technologies is anticipated to have direct positive impact on the demand in the market. However, high initial set up cost and lack of awareness spread for energy harvesting technology may hinder the market growth.

Motion Energy Harvesters is one of the few technologies launched in the year 2017, is in the form of fabric which is used for harvesting both sunshine and motion. The motion-generated harvester is developed by the team at the Georgia Institute of Technology. Since, the size of the devices is getting small, the demand for energy to power the gadgets increases, therefore the energy harvesting technology is utilized as the supplement for the battery power.

Europe is expected to be the leading regional market over the forecast period owing to the implementation of various technologies such as micro-electro-mechanical-system (MEMS). Furthermore, North America is also anticipated to hold major share in the market owing to the rising adoption of home automation, increasing demand of green energy resources, and industrial wireless network.

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Xpodence Research have the most extensive collection of market research reports of many categories. Xpodence Research provides the best market research solution for every industry by publishing the best possible results of great market research firms worldwide. For every particular problem, there’s a particular solution, so according to the customer needs, we provide the best possible results to them from different market research organization, whether it’s a Custom Research or Syndicated Research reports because the product that wins is the one that bridges customers to the future, not the one that requires a giant leap.

Every organization, whether it is related to Pharmaceuticals, Technology, Eatables, Consumable Goods and many more demands a market research results so that they can take important decisions for more productivity and better output in this swift world. Xpodence Research gives the best possible outcome, perfect forecast, analysis and insights of market research in the form of report which is beneficial for various organisations and also to the manufacturing companies in taking the best decisions for quality production.

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Growth in the IoT In Energy And Gas Management Market: Explore 2017-2025 Trends, Forecasts, Analysis

Posted on by abhishek930

The IoT in energy terminology is referred to as the execution of the IoT-based technology solutions as well as associated services into the different applications of oil & gas, as well as mining sector. The solutions are majorly aimed at attaining the incorporation of machines as well as intelligent data analysis in order to augment the operational efficiency targets being laid down by the energy companies. It also improves the analytics-based decision making, by reducing the threats as well as vulnerabilities of market by utilizing efficient tools and techniques. It renders benefits to the different end-to-end needs, such as optimization of supply chain, rise in overall operational efficiency, cost-cutting in productivity, reducing the energy trading risk factors, and data privacy as well as security, of all the associated industries straddling across the complete energy industry value chain.

The increase in security concerns against cyber-attacks as well as demand for better operational efficiency is anticipated to fuel the IoT in energy and gas management market in the future years. As a result, solution providers are drifting their concentration towards IoT security solutions in order to defend the connected devices. IoT based solutions are further supporting organizations in order to raise operational efficiency. The technological advancements in next generation sensors are the other major fuelling factor of the IoT in Energy market. However, lack of skilled labours as well as rising concern about data security as  well as privacy acts as a limiting growth factor of the market.

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Major Industry Players:

The major players included in the report are:

  • AGT International
  • Carriots
  • Cisco
  • Davra Networks
  • Flutura
  • IBM
  • ILS Technology
  • Maven Systems
  • Northwest Analytics
  • SAP
  • Symboticware
  • Wind River

The majority of companies have begun to realize the huge market potential of IoT and the way it is making great advancements across varied sectors. While large number of aspects of digital economy undermines the oil and gas industry by limiting the energy demand, Google recently made a statement that it has reduced the price of cooling its data centers by 40 percent with the help of usage of artificial intelligence.

Furthermore, the IoT in energy and gas management market is still in the nascent phase. The global IoT in energy and gas management market are classified on the basis of network technologies into radio, cellular, satellite, and others. Based on services, the global IoT in energy and gas management market have been segmented into system integration, professional service, and support and maintenance. Based upon region, the global market is divided into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

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Waste Heat Recovery In Oil And Gas Market: Key Market Players and Their Growth Strategies

Posted on by abhishek930

Market Scenario:

The process that includes capturing of heat exhausted by an existing industrial process is referred to as waste heat recovery. This waste heat is used for other heating applications that include generation of power and other applications in various industries. There are several ways of recuperating waste heat from industries. It has been assessed that around 20%-50% of industrial energy use is ultimately released as waste heat. The different sources of waste heat include hot combustion gases discharge into the atmosphere and transfer of heat from hot equipment exteriors. The waste heat recovery unit is usually a heat exchanger where the heat is recuperated from hot streams with high energy content. The following are the widely used waste heat recovery equipment such as HRSGs, industrial heating boilers, and turbines.

Key Players:

The major companies that provide waste heat recovery in oil and gas include:

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

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The global waste heat recovery in oil and gas market is expected to garner maximum revenue in the forecast period. Factors such as rise in unconventional oil and gas resources such as tight oil, CBM, shale oil, and shale gas that is in turn fuelled by the decline in the production and exploration of conventional oil reserves is propelling the growth of this market segment. However, stringent environment norms and technical challenges are expected to restrain the market growth to some extent.

Market Segments

The global waste heat recovery in oil and gas market can be classified based on product type, application, end-user and region.

  • On the basis of product type, the global market is classified into power generation and heating applications.
  • On the basis of application, the global waste heat recovery in oil and gas market is segmented into steam & electricity generation, preheating, and others.
  • On the basis of end-user, the global market is divided into chemical, cement, paper & pulp, metal production, and petroleum refining.

Regional Analysis:

Based on regions, the global waste heat recovery in oil and gas market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the global waste heat recovery in oil and gas market during the forecast period. The Asia-Pacific region is expected to witness the swiftest growth in the global waste heat recovery in oil and gas market.

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Xpodence Research have the most extensive collection of market research reports of many categories. Xpodence Research provides the best market research solution for every industry by publishing the best possible results of great market research firms worldwide. For every particular problem, there’s a particular solution, so according to the customer needs, we provide the best possible results to them from different market research organization, whether it’s a Custom Research or Syndicated Research reports because the product that wins is the one that bridges customers to the future, not the one that requires a giant leap.

Every organization, whether it is related to Pharmaceuticals, Technology, Eatables, Consumable Goods and many more demands a market research results so that they can take important decisions for more productivity and better output in this swift world. Xpodence Research gives the best possible outcome, perfect forecast, analysis and insights of market research in the form of report which is beneficial for various organisations and also to the manufacturing companies in taking the best decisions for quality production.

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