Waste Heat Recovery System Market Overview:

Maximize Market Research, a Waste Heat Recovery System business research firm has published a report on the “Waste Heat Recovery System Market”. Which provides Industry Analysis (Market Performance, Segments, Price Analysis, and Outlook).

Estimated Growth Rate for Waste Heat Recovery System Market:

Waste Heat Recovery System Market size was valued at USD 70.83 Bn. in 2023 and the total Waste Heat Recovery System revenue is expected to grow by 7% from 2024 to 2030, reaching nearly USD 113.8 Bn.

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Waste Heat Recovery System Market Report Scope and Research Methodology:

The scope of the Waste Heat Recovery System market analysis encompasses diverse factors, including geographical regions, industry segments, traveller types, and travel service offerings. Research methodologies integrate primary and secondary data collection, employing surveys, interviews, and analysis of industry reports and databases. Assessing the Waste Heat Recovery System market scope involves examining the volume and value of business travel transactions, covering expenditures on transportation, accommodation, dining, and ancillary services. Methodologies aim to identify key trends, challenges, and opportunities influencing the market landscape. This comprehensive approach provides valuable insights for strategic decision-making, aiding businesses in navigating the complexities of the Waste Heat Recovery System sector and capitalizing on growth prospects.

Waste Heat Recovery System Market Regional Insights:

Improved dependability and increasing demand drive growth in the Waste Heat Recovery System Market, particularly in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Geographical observations help investors identify opportunities, with regional evaluations highlighting crucial strategies like mergers and acquisitions. Understanding regional dynamics enables stakeholders to tailor their approaches, leveraging growth prospects and addressing specific Waste Heat Recovery System market needs. This insight is vital for informed decision-making and strategic planning across diverse geographic landscapes.

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Waste Heat Recovery System Market Segmentation:

by Technology

Steam Rankine Cycle Systems
Organic Rankine Cycle Systems
Kalina Cycle Systems
Thermoelectric Generators
Others

by Application

Preheating
Steam and Electricity Generation
Power Generation
Other

Power and steam generation was the waste heat recovery system market's most popular application category, owing to increased global demand. WHRS will be used more frequently for power and steam generation as a result of rising electricity costs and continued attempts to reduce greenhouse gas emissions. The segment is growing as a result of growing demand for on-site power generation and an emphasis on plant efficiency.

Between 2024 and 2030, preheating is anticipated to develop at the quickest rate of any application category. The main applications of waste heat recovery systems are space heating, boiler feed water, furnace loading, and combustion air preheating. The WHR cascade mechanism is driving up demand for the goods. In order to reduce operating costs and boost overall efficiency, the system uses a high-temperature stage for air pre-heating and a low-temperature stage for processing feedwater heating.

by End User

Petroleum Refining
Metal Manufacturing
Cement Industry
Chemical Industry
Oil & Gas Industry
Paper & Pulp
Textile

The waste heat recovery system market share that was largest in 2023 belonged to the petroleum refinery category. As drilling activities rise, it is anticipated to grow at the quickest compound annual growth rate (CAGR) during the projected period. This industry uses WHR systems for processes like catalytic treatment, thermal cracking, and refinement.

It is anticipated that numerous government programs targeted at reducing energy expenses and preserving energy will propel the industry even further. Waste heat recovery system market growth is anticipated to be further supported by rising demand for WHRS in sectors such petroleum refineries, pulp and paper, heavy metals, petrochemicals, and chemicals for pre-heating, electricity generation, and steam generation. Owing to the building industry's explosive expansion, the cement end-user market is anticipated to rise dramatically.

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Table of Content: Waste Heat Recovery System Market:

Part 01: Executive Summary

Part 02: Scope of the Waste Heat Recovery System Market Report

Part 03: Global Waste Heat Recovery System Market Landscape

Part 04: Global Waste Heat Recovery System Market Sizing

Part 05: Global Waste Heat Recovery System Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Waste Heat Recovery System Market Key Players:

North America
1. General Electric Company (US)
2. Cool Energy Inc.(US)
3. General Electric Co. (US)
4. Echogen Power Systems Inc. (US)
5. Promec Engineering (US)
6. Ormat Technologies (US)
Europe
1. Amec Foster Wheeler (UK) (Now part of Wood Plc)
2. Boustead International Heaters (UK)
3. Siemens AG (Germany)
4. ABB Ltd. (Switzerland)
Asia Pacific
1. Harbin Electric International Company Ltd (China)
2. Dongfang Electric Corporation (China)
3. China Energy Recovery (China)
4. Mitsubishi Hitachi Power Systems (Japan)
5. Mitsubishi Heavy Industries Ltd. (Japan)
6. Endotherm Ltd. (India)
7. Thermax Limited (India)
8. Forbes Marshall (India)
Africa
1. Terrapin (South Africa)

Key questions answered in the Waste Heat Recovery System Market are:

  • Who are the leading companies and what are their portfolios in Waste Heat Recovery System Market? 
  • What segments are covered in the Waste Heat Recovery System Market?
  • Who are the key players in the Waste Heat Recovery System market?
  • What is Waste Heat Recovery System?
  • What was the Waste Heat Recovery System market size in 2023?
  • What is the growth rate of the Waste Heat Recovery System Market?
  • Which are the factors expected to drive the Waste Heat Recovery System market growth?
  • What are the different segments of the Waste Heat Recovery System Market?
  • What growth strategies are the players considering to increase their presence in Waste Heat Recovery System?
  • What are the upcoming industry applications and trends for the Waste Heat Recovery System Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Waste Heat Recovery System Market?
  • What segments are covered in the Waste Heat Recovery System Market?

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size Forecast by different segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

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