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).
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.
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 PERIOD | 2023-2033 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2033 |
HISTORICAL PERIOD | 2023-2024 |
UNIT | VALUE (USD BILLION) |
KEY COMPANIES PROFILED | Siemens 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. |
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.
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.
Verified Industry Insights offers one of the following report customization options to our respectable clients :
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
Verified Industry Insights offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or call us at +1 743 222 5439
© 2024 Verified Industry Insights. All Rights Reserved