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Cement Waste Heat Recovery System Market Trends

Report ID: GMI9563
Published Date: May 2024
Report Format: PDF

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Cement Waste Heat Recovery System Market Trends

The market is experiencing a surge in the adoption of advanced technologies including steam rankine cycle and organic rankine cycle offering superior efficiency in converting waste heat into usable energy, thus shaping the market landscape. Moreover, the integration of digitalization and automation solutions aimed at optimizing performance allows for real-time monitoring and predictive maintenance, further driving market growth.

Growing emphasis among cement manufacturers, technology providers, and government agencies on innovation and expanding solutions within the market is further adding to the market growth. For instance, in April 2023 when Climeon installed its HeatPower 150 system at the Rhodesia power plant in Nottinghamshire, UK. This system generated 10 MW of low-carbon power using gas engines. Not only does this project enhance energy efficiency, but it also incorporates carbon capture technology, aligning with the UK's clean energy goals.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Cement waste heat recovery systems market size was worth USD 15.2 billion in 2023 and will grow at 7.8% CAGR between 2024 and 2032, propelled by rising energy costs, stringent environmental regulations, and the growing emphasis on sustainability.

The electricity and steam generation segment will exceed USD 16 billion by 2032 due to its dual benefits of reducing energy costs and enhancing operational efficiency.

Asia Pacific cement waste heat recovery systems industry will surpass USD 14.5 billion by 2032, owing to rapid industrialization, urbanization, and significant growth in the construction sector.

AURA, Bosch Industriekessel GmbH, CTP TEAM S.R.L, Cochran, Forbes Marshall, IHI Corporation, John Wood Group PLC, Kawasaki Heavy Industries, Ltd., MITSUBISHI HEAVY INDUSTRIES, LTD., Promec Engineering, Siemens Energy, Turboden S.p.A., and Thermax Limited, among others.