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Waste Heat to Power Market Size
Waste Heat to Power Market size achieved a valuation of USD 25.2 billion in 2023 and is expected to grow at a CAGR of 10.8% from 2024 to 2032. This growth is driven by increasing awareness of energy efficiency and sustainability practices across industries worldwide.
Governments' emphasis on reducing greenhouse gas emissions and promoting renewable energy sources further propels market demand. The UN Environment Programme's annual Emissions Gap Report states that to meet the Paris Agreement's targets of limiting global warming to 2°C and 1.5°C, 2030 emissions need a reduction of 28-42% compared to current policy scenarios, which in turn is driving the demand for cleaner technologies including waste heat to power.
Why is the use of cement growing in the waste heat to power industry?
The cement segment in the market is expected to record 10.5% CAGR from 2024 to 2032 led by increasing global focus on sustainability and energy efficiency.
What is the size of the waste heat to power industry?
The waste heat to power market achieved a valuation of USD 25.2 billion in 2023 and is expected to grow at 10.8% CAGR through 2032 driven by increasing awareness of energy efficiency and sustainability practices.
How big is the Europe waste heat to power industry?
Europe waste heat to power market is projected to surpass USD 25 billion by 2032 attributed to stringent environmental regulations aimed at reducing carbon emissions.
Mention the key players involved in waste heat to power industry?
AC Boiler SpA, Aura GmbH & CO. KG, Climeon, Cochran Ltd., D