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Cement Waste Heat Recovery System Market Size
- Report ID: GMI9563
- Published Date: May 2024
- Report Format: PDF
Cement Waste Heat Recovery System Market Size
Cement Waste Heat Recovery System Market size was valued at USD 15.2 billion in 2023 and will further rise with CAGR of 7.8% from 2024 to 2032. Increasing focus on sustainability and energy efficiency along with cement production being energy-intensive, the market has gained traction to reduce energy costs and lower carbon emissions. Frequent government initiatives coupled with agreements between market players are also resulting in the increasing product demand.
For instance, in February 2021, Siemens Energy inked a deal to construct a waste heat-to-power facility in Canada, converting gas turbine waste heat into emission-free power using supercritical carbon dioxide (sCO2), aiming to power over 10,000 homes and reduce greenhouse gas emissions by 44,000 tons annually.
Government regulations and incentives promoting the adoption of waste heat recovery systems have also contributed to the market's growth. Moreover, market is expected to continue expanding as cement manufacturers seek innovative ways to reduce their environmental footprint and enhance operational efficiency.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Cement Waste Heat Recovery System Market Size in 2023: | USD 15.2 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.8% |
| 2032 Value Projection: | USD 28.8 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 105 |
| Tables, Charts & Figures: | 15 |
| Segments covered: | Application, Temperature, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Cement Waste Heat Recovery System Market Scope
