White coal, also known as waste heat or industrial waste heat, is a by-product of industrial processes and human activities that ends up as wasted heat. It exists in the exhaust streams of engines, furnaces, boilers and other heat generation systems in the form of hot gases and hot liquid that retains significant transferable heat but at a lower temperature than its original source. Tapping this wasted heat for productive use can contribute significantly towards energy savings and emissions reduction. Various technologies are being developed for efficient waste heat recovery from industrial sources. As awareness about climate change and energy efficiency grows, the white coal market is anticipated to witness strong growth over the coming years.
The global white coal market is driven by factors such as stringent regulations on greenhouse gas emissions, rising focus on energy conservation and efficiency, and growing industrialization worldwide. Rapid technological advancements in waste heat recovery systems have improved their viability, fueling adoption rates. However, high upfront costs compared to conventional heating methods continue to restrain market growth to some extent. The aging power and industrial infrastructure in developed nations presents lucrative replacement and retrofitting opportunities. In emerging economies, rising investments in sectors like manufacturing, cement and metal production will augment waste heat quantities. New policy initiatives in countries like China and India to promote on-site heat recovery also create a favorable market environment. Further, waste heat to power generation applications open up new revenue streams for market players.
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