Top Companies in Waste Heat to Power Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Waste Heat to Power Market is projected to reach a value of USD 54.4 Billion by 2030 at a CAGR of 14.2% over the forecast period.
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Vantage Market Research has recently published a new report on "Waste Heat to Power Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in Waste Heat to Power market. Some of the key statistics in the report highlight that Global Waste Heat to Power Market was valued at USD 21.5 Billion in 2022 and is projected to reach a value of USD 54.4 Billion by 2030 at a CAGR of 14.2% over the forecast period. The Global Waste Heat to Power market will continue to expand due to rising demand from different end-user sectors, including the Petroleum Refining, Cement, Heavy Metal, Chemical, Paper, Food & Beverage, and Glass Industries.
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The Global Waste Heat to Power market is dominated by well-known players like IHI Corporation (Japan), AMEC Foster Wheeler Ltd. (UK), Cochran Ltd. (UK), Forbes Marshall Private Limited (India), Rentech Boiler Systems Inc. (U.S.), Thermax Limited (India), Viessmann Ltd. (UK), General Electric (U.S.), Ormat Technologies, Exergy SPA, Mitsubishi Heavy Industries, Walchandnagar Industries Limited (WIL), Siemens Energy among others. These market participants are also pursuing strategies like investments, partnerships, acquisitions, and mergers to increase their market dominance. Furthermore, businesses are investing in the creation of better services. They are also concentrating on keeping their prices reasonable.
Let’s Take a Look at the Top Market Players that are Captivating the Waste Heat to Power Market
- IHI Corporation (Japan)
IHI Corporation manufactures heavy machinery. The Company produces aircraft jet engines, rocket propulsion systems, and ships for military and commercial use. IHI also constructs petroleum refineries and nuclear power plants.
- AMEC Foster Wheeler Ltd. (UK)
Amec Foster Wheeler Limited provides consulting and engineering services. The Company offers construction, project management, project delivery, and power equipment services. Amec Foster Wheeler serves oil and gas, clean energy, mining, environment, and infrastructure markets worldwide.
- Cochran Ltd. (UK)
Cochran Ltd. designs and manufactures industrial boilers equipment. The Company offers steam and heat water boilers, burners, combustion, heating equipment, and boiler spare products.
- Forbes Marshall Private Limited (India)
Forbes Marshall Private Limited provides engineering services. The Company offers steam systems, boilers, flow meters, gauges, level instruments, valves, and vibration monitoring products, as well as steam asset management, reseller, and control instrumentation solution services. Forbes Marshall serves customers worldwide.
- Rentech Boiler Systems Inc. (U.S.)
Rentech Boiler Systems, Inc. manufactures industrial boilers. The Company offers heat recovery steam generators, petrochemicals, and water heat and fired packaged watertube boilers. Rentech Boiler Systems serves customers worldwide.
- Thermax Limited (India)
Thermax Ltd manufactures equipment and machinery used to both produce and to conserve energy. The Company operates through a number of divisions, including Boilers, Heat Recovery Steam Generators, Water Treatment Plants and Air Pollution Control Equipment. In addition, Thermax produces steam and gas turbines and diesel gensets through a number of strategic alliances.
- Viessmann Limited (UK)
Viessmann Ltd offers distribution and maintenance of boilers. The Company offers oil and gas fired boilers, wood burning boilers, heat pumps, solar thermal and photovoltaics, biomass boilers, domestic hot water cylinders, and combined heating and power stations. Viessmann also provides installation and warranty registration services.
- Walchandnagar Industries Limited (WIL) (India)
Walchandnagar Industries Limited operates as an engineering company. The Company provides projects and equipment for cement, chemical, nuclear power, and sugar and fertilizer plants. Walchandnagar Industries also specializes in material handling, gears and gear boxes, and heat exchangers, as well as manages restaurants and provides catering services.
- Exergy SPA (Italy)
Exergy SPA provides renewable energy equipment. The Company offers biomass, geothermal, solar, and heat recovery equipment. Exergy serves clients worldwide.
- Siemens Energy (Germany)
Siemens Energy AG operates as a renewable energy company. The Company offers power generation and transmission, technical consultancy, and operation and maintenance services. Siemens Energy serves customers worldwide.
- General Electric (U.S.)
General Electric Company is a globally diversified technology and financial services company. The Company's products and services include aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing, and industrial products.
- Mitsubishi Heavy Industries (Japan)
Mitsubishi Heavy Industries Ltd. is a comprehensive heavy machinery maker. The Company manufactures machinery, ships, turbines and engines, prime movers, aircrafts, and machine parts for military and commercial use. Mitsubishi Heavy Industries also researches and develops nuclear power plants.
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