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Worldwide Oil and Gas Waste Heat Recovery Industry Size: Insights, Growth Trends and Forecast

Report ID : 1345833 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel

The market size of the Oil And Gas Waste Heat Recovery Industry is categorized based on Technology (Organic Rankine Cycle (ORC), Steam Rankine Cycle, Kalina Cycle, Thermal Energy Storage, Heat Exchangers) and Application (Power Generation, Industrial Heating, District Heating, Natural Gas Processing, Refinery Operations) and End-User Industry (Oil and Gas, Power Generation, Chemical, Manufacturing, Marine) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

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In 2023, the size of the Oil And Gas Waste Heat Recovery Industry was valued at $5.4 billion and is anticipated to reach $12.6 billion by 2033, expanding at a 8.8% CAGR between 2024 and 2033. The report encompasses multiple segments and provides an analysis of significant trends and factors impacting the market.Worldwide Oil and Gas Waste Heat Recovery Industry Size: Insights, Growth Trends and Forecast

The Oil and Gas Waste Thermal Energy Recovery Market is gaining traction because of various industries pushing for higher levels of energy efficiency and sustainability. Oil and gas operations have to recover waste heat so as to lower carbon footprints and optimize resources. There is a combination of technologies and solutions that fall under this market which deal with the capture and re-purpose of waste heat during extraction, refining and processing activities thus turning a potential liability into an asset. 

While the world continues to ‘consume’, the oil and gas industry is under constant pressure to innovate while maintaining productivity levels and adhering to environmental regulations. Waste pas recovery systems are a good way to achieve these objectives – savigns costs while making operations cleaner. Companies using waste heat thermal energy recovery systems will drastically lower energy consumption, reduce operational costs and increase overall effectiveness and competitiveness within the market.

In the modern market, there are multiple openings available to stakeholders due to the advancement in technology and heightened understanding of sustainable initiatives. As the companies seek to utilize waste heat recovery solutions, the oil and gas waste heat recovery market is expected to grow very quickly, creating a need for technology and investment. Attaining this knowledge is fundamentally critical to the market players for harnessing emerging opportunities and increasing competitiveness.

 


ATTRIBUTES DETAILS
STUDY PERIOD2023-2033
BASE YEAR2023
FORECAST PERIOD2024-2033
HISTORICAL PERIOD2023-2024
UNITVALUE (USD BILLION)
KEY COMPANIES PROFILEDSiemens AG, General Electric, Schneider Electric, Mitsubishi Heavy Industries, Exergy, ABB Ltd., Cameron International Corporation, Pentair plc, Bosch Thermotechnology, Danfoss, Honeywell International Inc.
SEGMENTS COVERED By Technology - Organic Rankine Cycle (ORC), Steam Rankine Cycle, Kalina Cycle, Thermal Energy Storage, Heat Exchangers
By Application - Power Generation, Industrial Heating, District Heating, Natural Gas Processing, Refinery Operations
By End-User Industry - Oil and Gas, Power Generation, Chemical, Manufacturing, Marine
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World.

Oil And Gas Waste Heat Recovery Industry Dynamics

The Oil And Gas Waste Heat Recovery Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.

Market Drivers

  1. Technological Advancements
  2. Increasing Consumer Demand
  3. Regulatory Support
  4. Globalization

Market Restraints

  1. High Operational Costs
  2. Regulatory Challenges
  3. Market Saturation

Market Opportunities

  1. Emerging Markets
  2. Product Innovation
  3. Strategic Partnerships

Market Challenges

  1. Technological Disruptions
  2. Supply Chain Issues
  3. Changing Consumer Preferences


Oil And Gas Waste Heat Recovery Industry Segmentations


Market Breakup by Technology

  • Overview
  • Organic Rankine Cycle (ORC)
  • Steam Rankine Cycle
  • Kalina Cycle
  • Thermal Energy Storage
  • Heat Exchangers

Market Breakup by Application

  • Overview
  • Power Generation
  • Industrial Heating
  • District Heating
  • Natural Gas Processing
  • Refinery Operations

Market Breakup by End-User Industry

  • Overview
  • Oil and Gas
  • Power Generation
  • Chemical
  • Manufacturing
  • Marine

Market Breakup by Region


North America

  • United States of America
  • Canada
  • Mexico

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Key Players in the Oil And Gas Waste Heat Recovery Industry

This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.



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