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Electricity & Steam Generation Cement Waste Heat Recovery System Market Trends

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

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Electricity & Steam Generation Cement Waste Heat Recovery System Market Trends

The WHRS market in the cement industry using electricity & steam generation is poised for growth, driven by technological advancements, regulatory support, and the global push towards energy efficiency and sustainability. Continued innovation and strategic investments will be key to overcoming challenges and maximizing the benefits of waste heat recovery systems.

The increasing focus on innovation and expanding solutions among cement manufacturers, technology providers, and government agencies is further driving market growth. For example, in April 2023, 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. In addition to improving energy efficiency, the project also incorporates carbon capture technology, supporting the UK's clean energy objectives.

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.