Waste Heat Recovery System Market 2019 | Top Players are AC Boilers, Aura GmbH, AMEC Foster Wheeler, Bosch Thermotechnology, Durr Group

Waste heat recovery system market is predicted to reach over USD 80 billion by 2025. Escalating demand for energy efficiency across manufacturing sector along with robust industrial sector growth will stimulate the business growth.
Shifting regulatory landscape toward emission control along with stringent emission standards will fuel the adoption of heat recovery systems. Moreover, reduced operational cost along with the transition toward renewable energy sources will contribute toward industry expansion.

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Asia-Pacific waste heat recovery system market is set to reach over USD 30 Billion by 2025. Government policies and legislations aimed at reducing carbon footprint coupled with focus toward expansion of industrial centers will stimulate the industry growth. As of 2018, the region accounted for over 50% of the manufacturing value added on account of rise in FDI inflows toward the manufacturing sector on a global scale.
Government plans with an objective to achieve sustainable development along with the rising focus toward harmful impact of emissions on environment will boost product adoption across key industries.

Waste Heat Recovery System Market, By End-Use
• Petroleum Refining
• Cement
• Heavy Metal Manufacturing
• Chemical
• Pulp & Paper
• Food & Beverage
• Glass

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Growing focus towards low temperature heat utilization from industrial waste stream sources coupled with efforts to achieve energy optimization will drive WHRS market growth. These units are gaining momentum across the medium scale industries in order to reduce emission levels and achieve low operational costs. Furthermore, growing demand for reliable electricity along with rising fuel prices will complement toward industry expansion.
In recent years, WHR systems have found significant penetration in glass, heavy metal production, chemical, and petroleum refining industries. Stringent emissions standards along with escalating demand for continuous and reliable electricity will stimulate the product adoption. Furthermore, ongoing expansion across food processing industry along with decreasing costs of low temperature heat utilization will increase the waste heat recovery system market.

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Significant players operating across the waste heat recovery systems market include: AC Boilers, Aura GmbH, AMEC Foster Wheeler, Bosch Thermotechnology, Durr Group, General Electric, Forbes Marshall, Rentech Boiler Systems, Ormat Technologies, Exery SPA, Thermax, Viessman, Climeon AB, Boustead International, IHI Corporation, Cochran, Mitsubishi Hitachi Power Systems, Promec Engineering, HRS, Walchandnagar and Siemens.

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