Massachusetts Chronicle

Joint Venture – The Most Popular Growth Strategy in Waste Heat Recovery System Market

 Breaking News
  • No posts were found

Joint Venture – The Most Popular Growth Strategy in Waste Heat Recovery System Market

November 13
18:05 2019
Joint Venture - The Most Popular Growth Strategy in Waste Heat Recovery System Market

Browse 71 market data Tables and 90 Figures spread through 175 Pages and in-depth TOC on “Waste Heat Recovery System Market”
Waste Heat Recovery System Market by Application (Preheating and Steam & Electricity Generation), End-Use Industry (Petroleum Refining, Metal Production, Cement, Chemical, Paper & Pulp, and Textile)

Joint venture is the most popular growth strategy adopted by the leading companies in the waste heat recovery market. The top players in the waste heat recovery are keen on this strategy for better penetration and expansion of their business into new regions. These new ventures would help the companies to satiate the growing demand for waste heat recovery systems.

Download the PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202657867

The market size of waste heat recovery system (WHRS) is projected to reach USD 65.87 billion by 2021, at a CAGR of 6.90%.

Market Dynamics

Drivers

  • Rising Energy & Electricity Prices in Emerging Economies
  • Government Regulations & Incentives
  • Growing Environmental Concern
  • Need for Energy Efficient Equipment

 

Restraints

  • Rising Energy & Electricity Prices in Emerging Economies
  • Cost Restriction
  • Temperature Restraints

 

Opportunities

  • Emerging Waste Heat Recovery Technologies
  • Emerging Economies

 

Burning Issue

  • Focus on Cost Efficient Heat Recovery

 

Request for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=202657867

Several factors directly or indirectly affect the waste heat recovery market such as increased growth in government regulatory requirement, increasing concern towards environmental protection, rising concern for energy prices, and the reluctant use of waste heat management technologies among others.

One major factor that is hindering the development of the market is the high implementation costs of these systems in the factories. This is a massive restriction for medium level companies with low capital budget. The capital cost involved in their implementation in the industry is significant when it comes to larger applications and higher power capacity. The system also requires proper maintenance adding to the overall capital and operating cost of the WHR equipment. Many industries are reluctant towards investing in the mechanisms that do not increase the production and ensure their economic survival. They hesitate to take up risks involved projects, such as waste heat recovery projects that are outside of their core business. All these factors together prove a deterrent to the WHRS market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/waste-heat-recovery-system-market-202657867.html