Press release
Global Waste Heat Recovery Systems Market is Anticipated to Reach USD 134.14 Billion at a Robust CAGR of 7.02% Between 2023 to 2030 | Infinium Global Research
Key Findings:
The global waste heat recovery systems market, valued at USD 72.64 billion in 2022, is anticipated to reach USD 134.14 billion by 2030, reflecting a robust CAGR of over 7.02% during the forecast period of 2023-2030.
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Overview:
Waste heat recovery systems play a pivotal role in harnessing untapped energy resources. These systems involve the conversion of excess heat released by various sources, including flue gases and cooling tower steam, into useful forms of energy such as electricity, steam, or hot water. Industries such as manufacturing, chemical processing, and power generation are increasingly adopting waste heat recovery systems to enhance energy efficiency, align with sustainability goals, and comply with environmental regulations.
Driving Forces:
The surge in global electricity demand, with a 5% increase reported in 2021 according to the International Energy Agency (IEA), has led to a parallel rise in the adoption of waste heat recovery systems. As power generation capacity expands to meet growing energy needs, waste heat recovery systems play a crucial role in capturing and reusing waste heat, thereby improving overall energy efficiency and reducing environmental impact.
Regional Growth:
The Asia Pacific (APAC) region is experiencing significant growth driven by rapid industrialization and the increasing presence of international production industries. The adoption of waste heat recovery systems in the region is notable, with major investments reported in green power generation by cement plants in India.
Market Dynamics:
While the rising demand for power generation worldwide and a focus on enhancing plant efficiency drive market growth, high initial establishment costs may serve as a constraint. However, the growing environmental concerns provide growth opportunities for the waste heat recovery systems market.
Company Profiles:
The report provides insightful profiles of key companies in the market, including ABB Ltd., MITSUBISHI HEAVY INDUSTRIES, LTD., Siemens Energy, General Electric, Thermax Limited, Ormat Technologies, Inc., Robert Bosch GmbH, Echogen, Econotherm Limited, and others.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Waste Heat Recovery Systems Market Highlights
2.2. Waste Heat Recovery Systems Market Projection
2.3. Waste Heat Recovery Systems Market Regional Highlights
Chapter 3. Global Waste Heat Recovery Systems Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Application
3.4.2. IGR-Growth Matrix Analysis by End-use
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Waste Heat Recovery Systems Market
Chapter 4. Waste Heat Recovery Systems Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Waste Heat Recovery Systems Market
5.2. Companies Profiles
5.2.1. ABB Ltd.
5.2.2. MITSUBISHI HEAVY INDUSTRIES, LTD.
5.2.3. Siemens Energy
5.2.4. General Electric
5.2.5. Thermax Limited
5.2.6. Ormat Technologies, Inc.
5.2.7. Robert Bosch GmbH
5.2.8. Echogen
5.2.9. Econotherm Limited
5.2.10. Others
Chapter 6. Global Waste Heat Recovery Systems Market by Application
6.1. Pre-heating
6.2. Steam and Power Generation
6.3. Others
Chapter 7. Global Waste Heat Recovery Systems Market by End-use
7.1. Petroleum Refining
7.2. Cement
7.3. Chemical
7.4. Pulp and Paper
7.5. Others
Chapter 8. Global Waste Heat Recovery Systems Market by Region 2023-2030
8.1. North America
8.1.1. North America Waste Heat Recovery Systems Market by Application
8.1.2. North America Waste Heat Recovery Systems Market by End-use
8.1.3. North America Waste Heat Recovery Systems Market by Country
8.1.3.1. The U.S. Waste Heat Recovery Systems Market
8.1.3.1.1. The U.S. Waste Heat Recovery Systems Market by Application
8.1.3.1.2. The U.S. Waste Heat Recovery Systems Market by End-use
8.1.3.2. Canada Waste Heat Recovery Systems Market
8.1.3.2.1. Canada Waste Heat Recovery Systems Market by Application
8.1.3.2.2. Canada Waste Heat Recovery Systems Market by End-use
8.1.3.3. Mexico Waste Heat Recovery Systems Market
8.1.3.3.1. Mexico Waste Heat Recovery Systems Market by Application
8.1.3.3.2. Mexico Waste Heat Recovery Systems Market by End-use
8.2. Europe
8.2.1. Europe Waste Heat Recovery Systems Market by Application
8.2.2. Europe Waste Heat Recovery Systems Market by End-use
8.2.3. Europe Waste Heat Recovery Systems Market by Country
8.2.3.1. Germany Waste Heat Recovery Systems Market
8.2.3.1.1. Germany Waste Heat Recovery Systems Market by Application
8.2.3.1.2. Germany Waste Heat Recovery Systems Market by End-use
8.2.3.2. United Kingdom Waste Heat Recovery Systems Market
8.2.3.2.1. United Kingdom Waste Heat Recovery Systems Market by Application
8.2.3.2.2. United Kingdom Waste Heat Recovery Systems Market by End-use
8.2.3.3. France Waste Heat Recovery Systems Market
8.2.3.3.1. France Waste Heat Recovery Systems Market by Application
8.2.3.3.2. France Waste Heat Recovery Systems Market by End-use
8.2.3.4. Italy Waste Heat Recovery Systems Market
8.2.3.4.1. Italy Waste Heat Recovery Systems Market by Application
8.2.3.4.2. Italy Waste Heat Recovery Systems Market by End-use
8.2.3.5. Rest of Europe Waste Heat Recovery Systems Market
8.2.3.5.1. Rest of Europe Waste Heat Recovery Systems Market by Application
8.2.3.5.2. Rest of Europe Waste Heat Recovery Systems Market by End-use
8.3. Asia Pacific
8.3.1. Asia Pacific Waste Heat Recovery Systems Market by Application
8.3.2. Asia Pacific Waste Heat Recovery Systems Market by End-use
8.3.3. Asia Pacific Waste Heat Recovery Systems Market by Country
8.3.3.1. China Waste Heat Recovery Systems Market
8.3.3.1.1. China Waste Heat Recovery Systems Market by Application
8.3.3.1.2. China Waste Heat Recovery Systems Market by End-use
8.3.3.2. Japan Waste Heat Recovery Systems Market
8.3.3.2.1. Japan Waste Heat Recovery Systems Market by Application
8.3.3.2.2. Japan Waste Heat Recovery Systems Market by End-use
8.3.3.3. India Waste Heat Recovery Systems Market
8.3.3.3.1. India Waste Heat Recovery Systems Market by Application
8.3.3.3.2. India Waste Heat Recovery Systems Market by End-use
8.3.3.4. South Korea Waste Heat Recovery Systems Market
8.3.3.4.1. South Korea Waste Heat Recovery Systems Market by Application
8.3.3.4.2. South Korea Waste Heat Recovery Systems Market by End-use
8.3.3.5. Australia Waste Heat Recovery Systems Market
8.3.3.5.1. Australia Waste Heat Recovery Systems Market by Application
8.3.3.5.2. Australia Waste Heat Recovery Systems Market by End-use
8.3.3.6. Rest of Asia-Pacific Waste Heat Recovery Systems Market
8.3.3.6.1. Rest of Asia-Pacific Waste Heat Recovery Systems Market by Application
8.3.3.6.2. Rest of Asia-Pacific Waste Heat Recovery Systems Market by End-use
8.4. RoW
8.4.1. RoW Waste Heat Recovery Systems Market by Application
8.4.2. RoW Waste Heat Recovery Systems Market by End-use
8.4.3. RoW Waste Heat Recovery Systems Market by Sub-region
8.4.3.1. Latin America Waste Heat Recovery Systems Market
8.4.3.1.1. Latin America Waste Heat Recovery Systems Market by Application
8.4.3.1.2. Latin America Waste Heat Recovery Systems Market by End-use
8.4.3.2. Middle East Waste Heat Recovery Systems Market
8.4.3.2.1. Middle East Waste Heat Recovery Systems Market by Application
8.4.3.2.2. Middle East Waste Heat Recovery Systems Market by End-use
8.4.3.3. Africa Waste Heat Recovery Systems Market
8.4.3.3.1. Africa Waste Heat Recovery Systems Market by Application
8.4.3.3.2. Africa Waste Heat Recovery Systems Market by End-use
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/market-reports/enquiry/1291
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of waste heat recovery systems.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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