Market Overview:
The Global Industrial Energy Recovery Wheel Market is expected to grow at a CAGR of XX% and is projected to reach a market size of USD XX million by 2030. The industrial energy recovery wheel market is segmented on the basis of type, application, and region. On the basis of type, the industrial energy recovery wheel market is segmented into condensation rotors, hygroscopic rotors, and sorption rotors. The condensation rotor segment dominated the global industrial energy recovery wheel market in 2017 owing to its high efficiency in recovering waste heat from flue gas streams. On the basis of application, the industrial energy recovery wheel market is divided into manufacturing plant, waste gas treatment plant, power plant other applications). In 2017 Asia Pacific accounted for largest share in terms of revenue followed by Europe due to increase in number installations across these regions.
Product Definition:
Industrial Energy Recovery Wheel is a device used to recover energy from waste industrial gases. The recovered energy can be used to power equipment or produce heat.
Condensation Rotors:
Condensation rotors are used in the recovery of industrial energy. The wheel consists of a number of concentric copper or aluminum tubes through which steam is passed to cool down the core, which then causes the wheel to spin. As it spun, it extracts energy from its surroundings and feeds that into an electrical generator.
Hygroscopic Rotors:
Hygroscopic rotors are used in the process of industrial energy recovery wheel (IEW) for absorbing moisture from the air and prevent it from entering into the system. The IEW is a device that extracts energy using condensation as a source. It consists of an inner core made up of metal or alloy, which is rotating within an outer shell made up of non-ferrous or ferrous material.
Application Insights:
The manufacturing plant application segment accounted for the largest share of over 40% in 2017. The application of GRWhole systems at the manufacturing plants has been observed to reduce GHG emissions by as much as 90%. This is due to the fact that these systems recover energy from waste heat generated during power generation process in a thermal power plant. These are majorly used at cement, iron and steel, glass, petroleum refining and other industries.
The cement industry is one of the leading users of GRWhole system owing to its requirement for large amount of electricity for various processes such as kiln heating and cooling along with grinding & mixing operations. The iron & steel industry requires huge electric currents during production process which can be recovered using this technology thereby reducing GHG emissions significantly.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing industrial activities and rapid urbanization. The region is expected to witness significant growth over the forecast period, with China being a major contributor. Factors such as low labor costs, cheap raw materials and favorable government policies are encouraging industries across China to expand operations in this region. This factor is anticipated to drive regional market growth over the next eight years.
China accounted for approximately 45% of total Chinese exports were shipped from sea ports in 2016 which indicates that there is potential for energy recovery wheel based E&P systems at these ports which will further boost industry expansion during forecast period.
Growth Factors:
- Increasing demand for energy efficient technologies across industries
- Rising concerns over environmental pollution and climate change
- Government initiatives and regulations to promote energy conservation
- Technological advancements in industrial energy recovery wheel systems
- Growing awareness about the benefits of using industrial energy recovery wheels
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Energy Recovery Wheel Market Research Report
By Type
Condensation Rotors, Hygroscopic Rotors, Sorption Rotors
By Application
Manufacturing Plant, Waste Gas Treatment, Power Plant, Other
By Companies
Pahwa Group(Bry-Air and DRI), Ostberg, Hoval Group, Klingenburg, Eri Corporation, Greenheck, FlaktGroup SEMCO, NovelAire, HEATEX, Seibu Giken, Airxchange
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Energy Recovery Wheel Market Report Segments:
The global Industrial Energy Recovery Wheel market is segmented on the basis of:
Types
Condensation Rotors, Hygroscopic Rotors, Sorption Rotors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing Plant, Waste Gas Treatment, Power Plant, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pahwa Group(Bry-Air and DRI)
- Ostberg
- Hoval Group
- Klingenburg
- Eri Corporation
- Greenheck
- FlaktGroup SEMCO
- NovelAire
- HEATEX
- Seibu Giken
- Airxchange
Highlights of The Industrial Energy Recovery Wheel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Condensation Rotors
- Hygroscopic Rotors
- Sorption Rotors
- By Application:
- Manufacturing Plant
- Waste Gas Treatment
- Power Plant
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Energy Recovery Wheel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial Energy Recovery Wheel (IEW) is a type of energy recovery system that uses the kinetic energy of moving objects to generate electricity. The IEW system captures waste heat from industrial processes and converts it into usable electrical power.
Some of the key players operating in the industrial energy recovery wheel market are Pahwa Group(Bry-Air and DRI), Ostberg, Hoval Group, Klingenburg, Eri Corporation, Greenheck, FlaktGroup SEMCO, NovelAire, HEATEX, Seibu Giken, Airxchange.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Energy Recovery Wheel Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Industrial Energy Recovery Wheel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial Energy Recovery Wheel Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Industrial Energy Recovery Wheel Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Industrial Energy Recovery Wheel Market Size & Forecast, 2020-2028 4.5.1 Industrial Energy Recovery Wheel Market Size and Y-o-Y Growth 4.5.2 Industrial Energy Recovery Wheel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Condensation Rotors
5.2.2 Hygroscopic Rotors
5.2.3 Sorption Rotors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Manufacturing Plant
6.2.2 Waste Gas Treatment
6.2.3 Power Plant
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Energy Recovery Wheel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Energy Recovery Wheel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Condensation Rotors
9.6.2 Hygroscopic Rotors
9.6.3 Sorption Rotors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Manufacturing Plant
9.10.2 Waste Gas Treatment
9.10.3 Power Plant
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Condensation Rotors
10.6.2 Hygroscopic Rotors
10.6.3 Sorption Rotors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Manufacturing Plant
10.10.2 Waste Gas Treatment
10.10.3 Power Plant
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Condensation Rotors
11.6.2 Hygroscopic Rotors
11.6.3 Sorption Rotors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Manufacturing Plant
11.10.2 Waste Gas Treatment
11.10.3 Power Plant
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Condensation Rotors
12.6.2 Hygroscopic Rotors
12.6.3 Sorption Rotors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Manufacturing Plant
12.10.2 Waste Gas Treatment
12.10.3 Power Plant
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Condensation Rotors
13.6.2 Hygroscopic Rotors
13.6.3 Sorption Rotors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Manufacturing Plant
13.10.2 Waste Gas Treatment
13.10.3 Power Plant
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Energy Recovery Wheel Market: Competitive Dashboard
14.2 Global Industrial Energy Recovery Wheel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pahwa Group(Bry-Air and DRI)
14.3.2 Ostberg
14.3.3 Hoval Group
14.3.4 Klingenburg
14.3.5 Eri Corporation
14.3.6 Greenheck
14.3.7 FlaktGroup SEMCO
14.3.8 NovelAire
14.3.9 HEATEX
14.3.10 Seibu Giken
14.3.11 Airxchange