Electricity and Steam Generation Cement Waste Heat Recovery System Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Electricity and Steam Generation Cement Waste Heat Recovery System Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Electricity and steam generation cement waste heat recovery system market size is anticipated to grow at an 8.8% CAGR between 2024 and 2032 led by tightening energy efficiency regulations and a growing emphasis on sustainability. With the energy-intensive nature of cement production, there is a significant opportunity to capture and repurpose the surplus heat generated, leading to marked improvements in energy efficiency.

Furthermore, the economic advantages of these systems bolster their adoption. By harnessing waste heat for electricity and steam, cement plants can slash operational costs and diminish their dependence on outside energy sources. This drive for energy optimization and heightened profitability has led to a surge in the adoption of waste heat recovery systems. For example, in June 2024, SCG launched its 'SCG Low Carbon Super Cement' in Vietnam, aligning with the broader ambition of achieving net-zero emissions by 2050.

The overall industry is classified into technology, temperature, and region.

Based on technology, the electricity and steam generation cement waste heat recovery system market size from the organic rankine cycle (ORC) segment is poised to grow between 2024 and 2032 due to the prowess of transforming low-temperature waste heat into usable energy. ORC technology is valued in cement plants, especially where waste heat temperatures fall below the thresholds ideal for conventional steam cycles.

With respect to temperature, the electricity and steam generation cement waste heat recovery system market from the 250°C- 650°C segment is set to witness significant CAGR from 2024 to 2032 owing to its optimal range for effectively utilizing waste heat in cement production. This temperature range encompasses the heat levels typically available from cement kiln processes, allowing for efficient energy recovery and conversion into electricity and steam.

North America electricity and steam generation cement waste heat recovery system industry is expected to accrue notable growth from 2024 to 2032. This can be attributed to stringent regulatory measures and a pronounced focus on sustainability in the cement sector. The robust energy efficiency regulations and environmental policies actively promote technologies that curb carbon emissions and enhance energy utilization across the region.