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Electricity & Steam Generation Cement Waste Heat Recovery System Market Size

Report ID: GMI10140
Published Date: Jul 2024
Report Format: PDF

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Electricity & Steam Generation Cement Waste Heat Recovery System Market Size

Electricity & Steam Generation Cement Waste Heat Recovery System Market was valued at USD 7.8 billion in 2023 and is set to observe around 8.8% CAGR between 2024 and 2032. Increasing focus on energy efficiency & sustainability along with rising technological advancements by the adoption of organic rankine cycle & kalina cycle will complement the business scenario. Frequent government initiatives and partnerships between market players are driving the rising demand for waste heat recovery systems.

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Government regulations and incentives encouraging the adoption of waste heat recovery systems have significantly contributed to market growth. Furthermore, the market is anticipated to keep expanding as cement manufacturers pursue innovative methods to reduce their environmental footprint and improve operational efficiency.

Electricity & Steam Generation Cement Waste Heat Recovery System Market Report Attributes
Report Attribute	Details
Base Year:	2023
Electricity & Steam Generation Cement Waste Heat Recovery System Market Size in 2023:	USD 7.8 Billion
Forecast Period:	2024-2032
Forecast Period 2024-2032 CAGR:	8.8%
2032 Value Projection:	USD 16 Billion
Historical Data for:	2021-2023
No. of Pages:	100
Tables, Charts & Figures:	12
Segments covered:	Technology, Temperature, and Region
Growth Drivers:	Rapid industrialization & urbanization Rising cement demand owing to construction activities
Pitfalls & Challenges:	High initial investments

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Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of electricity & steam generation cement waste heat recovery system was reached USD 7.8 billion in 2023 and is anticipated to register 8.8% CAGR between 2024 and 2032, driven by rapid industrialization and urbanization.

The >650°C segment in the electricity & steam generation cement waste heat recovery system market is expected to record 8.5% CAGR through 2032, led by the high-grade waste heat emissions from cement kilns, which are critical components in cement production processes.

Asia Pacific electricity & steam generation cement waste heat recovery system market is expected to reach USD 8 billion by 2032, fueled by rapid urbanization, infrastructure development, and industrialization.

AURA, Bosch Industriekessel GmbH, Cochran, CTP TEAM S.R.L, Climeon, Forbes Marshall, IHI Corporation, John Wood Group PLC, Kawasaki Heavy Industries, Ltd., and MITSUBISHI HEAVY INDUSTRIES, LTD., among others.