Energy Recovery Technologies Market Opportunities Emerging from Increased Investment in Renewable Energy and Carbon Reduction Initiatives

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Energy Recovery Technologies Market Size, Share & Trends Analysis Report By Energy Source (Pressure Differentials, Waste Heat, Mechanical Motion, Exhaust Gases, and Renewable Thermal Sources), Technology (Organic Rankine Cycle Systems, Energy Recovery Ventilation Systems, Waste Heat Recovery Units, Flywheel Energy Storage, Pressure Energy Recovery Devices, Regenerative Braking Systems, and Thermoelectric Generators), End User (Transportation and Logistics, Food and Beverage Processing, Manufacturing and Heavy Industry, Utilities and Independent Power Producer, Chemical and Petrochemical, Construction and Real Estate),-Market Outlook And Industry Analysis 2034"

Energy Recovery Technologies Market Size is valued at US$ 36.5 Bn in 2024 and is predicted to reach US$ 71.5 Bn by the year 2034 at an 7.2% CAGR during the forecast period for 2025-2034.

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In order to transform waste materials into useful energy, energy recovery technologies are employed. As people search for ways to lessen their carbon footprint and switch to more sustainable energy sources, these technologies are growing in popularity. One of the most popular waste-to-energy recovery methods is incineration. Waste materials are burned at high temperatures to create heat, which can then be converted into electrical power. The energy recovery technologies market is expected to grow rapidly as a result of growing energy prices, more industrialization, and stringent environmental laws requiring lower greenhouse gas emissions and better energy efficiency.

Energy recovery technologies are being used by industries such as chemicals, oil and gas, cement, steel, and automotive to reduce operating costs and improve sustainability. Grants, tax breaks, and regulatory frameworks are some of the ways that governments and international organizations are encouraging the adoption of these technologies, which further drives market growth. Additionally, the market is expanding due to ongoing research and development in energy recovery systems as well as technological improvements. To innovate and create cutting-edge technologies that can more effectively absorb and reuse energy, businesses are making significant investments in research and development.

List of Prominent Players in the Energy Recovery Technologies Market:
• Schneider Electric SE
• Siemens Energy AG
• Ormat Technologies Inc.
• Echogen Power Systems Inc.
• Mitsubishi Heavy Industries, Ltd.
• ABB Ltd.
• Dürr AG
• General Electric Company
• Alfa Laval AB
• Exergy International Srl

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Market Dynamics:
Drivers-
The purpose of energy recovery technologies is to increase the overall efficiency of energy consumption by capturing and using waste energy that would otherwise be lost. With the help of these technologies, industries may lower their carbon footprint and save money on energy. The primary cause of global warming is the use of fossil fuels for energy, which has raised awareness of cleaner energy alternatives. Energy recovery technologies are essential to this shift because they make it possible for enterprises to more effectively use renewable energy sources including geothermal, solar, and wind power. Therefore, the market for energy recovery technologies is being driven by the increase in investment in renewable energy sources and the surge in demand for energy-efficient solutions.

Challenges:
The high initial capital cost necessary for the installation of these systems is one of the biggest obstacles facing the energy recovery technologies market. Complex engineering, cutting-edge materials, and extremely specialized installation techniques are required for energy recovery solutions like waste heat recovery units, regenerative thermal oxidizers, and pressure energy recovery systems. Consequently, these technologies might be prohibitively expensive to purchase, integrate, and commission, especially for small and medium-sized businesses. Additionally, decision-makers find it challenging to appropriately evaluate the value proposition of energy recovery technology due to the lack of consistency in return on investment models.

Regional Trends:
The market for energy recovery technologies was dominated by North America in 2024 due to the region's significant industrial infrastructure and strict energy efficiency laws. Many of the more than 27,000 commercial buildings that have earned the ENERGY STAR certification from the U.S. Environmental Protection Agency have energy recovery systems installed. Through initiatives like the Department of Energy's Better Buildings Initiative, which has led to energy cost reductions of nearly USD 8.6 billion, the region enjoys robust government assistance.

The Asia Pacific area is anticipated to grow at the fastest rate in the market for energy recovery technologies during the forecast period. This regional leadership is mostly due to rapid industrialization, a growing manufacturing base, and increased energy consumption in key economies such as China, India, Japan, and South Korea. Industries in the Asia Pacific, particularly those in the cement, steel, oil and gas, chemical, and power generating sectors, are implementing energy recovery technologies to boost operational efficiency, reduce energy costs, and comply with stricter environmental regulations.

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Recent Developments:
• May 2025: In order to investigate joint decarbonization projects, Mitsubishi Heavy Industries and the Uzbek Ministry of Energy signed an agreement of understanding. The agreement supports the inclusion of renewable power sources into the energy mix and upgrades current gas turbine fleets to provide hydrogen co-firing capabilities. Through this agreement, Uzbekistan's clean energy transition will be advanced, carbon emissions will be decreased, and bilateral cooperation in the development of cutting-edge technologies for sustainable power generation and energy system modernization will be strengthened.
• April 2022: The landfill and landfill gas business of Viridor was sold to Frank Solutions Limited, a holding group of many businesses that offers a range of disciplines, from energy generation and land remediation projects to landfill engineering and restoration and plant equipment.

Segmentation of Energy Recovery Technologies Market-
By Energy Source-
• Pressure Differentials
• Waste Heat
• Mechanical Motion
• Exhaust Gases
• Renewable Thermal Sources
By Technology -
• Organic Rankine Cycle Systems
• Energy Recovery Ventilation Systems
• Waste Heat Recovery Units
• Flywheel Energy Storage
• Pressure Energy Recovery Devices
• Regenerative Braking Systems
• Thermoelectric Generators
By End User-
• Transportation and Logistics
• Food and Beverage Processing
• Manufacturing and Heavy Industry
• Utilities and Independent Power Producer
• Chemical and Petrochemical
• Construction and Real Estate
By Region-
North America-
• The US
• Canada
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Mexico
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.