Waste Heat Recovery Unit Market to Reach US$ 42.16 Billion by 2031, Growing at 4.8% CAGR

Market Summary -

The global Waste Heat Recovery Unit market was valued at US$ 30.50 billion in 2024 and is anticipated to reach US$ 42.16 billion by 2031, witnessing a CAGR of 4.8% during the forecast period 2025-2031.

According to QY Research, a new publication titled "Global Waste Heat Recovery Unit Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" provides an in-depth, data-driven analysis of the global Waste Heat Recovery Unit market to support informed decision-making and sustainable growth strategies. Authored by experienced market analysts and subject-matter experts, the report delivers accurate market data, validated insights, and actionable recommendations for industry participants. It evaluates historical performance alongside future forecasts to clearly explain competitive dynamics, key growth drivers, market challenges, and emerging opportunities. With detailed coverage of market dynamics, segmentation, leading companies, and regional trends, this comprehensive report serves as a reliable strategic resource for businesses looking to gain a competitive edge in the global Waste Heat Recovery Unit market.

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A waste heat recovery unit (WHRU) is an energy recovery heat exchanger that transfers heat from process outputs at high temperature to another part of the process for some purpose, usually increased efficiency. Waste Heat Recovery System is an economic method to increase the overall efficiency of the plant and, thus, to lower fuel demand. The largest sources of waste heat for most industries are exhaust and flue gases and heated air from heating systems such as high-temperature gases from burners in process heating; lower temperature gases from heat treating furnaces, dryers, and heaters; and heat from heat exchangers, cooling liquids, and gases.

The report offers a detailed analysis of the competitive landscape of the global Waste Heat Recovery Unit market, with a strong focus on recent developments, future expansion plans, and key growth strategies adopted by leading players. It profiles nearly all major companies operating in the market, highlighting critical business aspects such as production capabilities, geographic presence, and product portfolios. Each company is evaluated using essential performance indicators including market share, growth rate, company size, production volume, revenue, and earnings. This comprehensive competitive assessment helps stakeholders understand market positioning, benchmark competitors, and identify strategic opportunities within the global Waste Heat Recovery Unit market.

Major Company Included: -

ABB
MHI
Siemens
GE
Kawasaki
Ormat
Foster Wheeler
Bosch
Echogen Power Systems
EST (Wasabi)
Thermax

Recent Developments -

The report highlights recent developments undertaken by key participants in the global Waste Heat Recovery Unit market, providing up-to-date insights into evolving industry trends. It covers major strategic initiatives by manufacturers, including mergers and acquisitions, joint ventures, collaborations, product innovations, new offerings, and ongoing research and development activities. By tracking these strategic moves, the study offers a clear understanding of how leading companies are strengthening their market positions and driving innovation. This focused analysis helps readers stay informed about critical advancements and emerging opportunities shaping the future of the global Waste Heat Recovery Unit market.

Market Drivers, Challenges & Restraints -

This section outlines the various elements influencing the trajectory of the Waste Heat Recovery Unit market:

Key Growth Drivers -

- Supportive policy frameworks and regulatory reforms
- Advancement in product innovation and technological breakthroughs
- Growing demand in emerging application areas
- Shift in global supply chain structures

Restraints & Challenges -

- Regulatory uncertainties
- Competitive pricing pressures
- Operational risks
- Market-entry barriers

Market Segmentation and Regional -

By Type

Steam System
Organic Rankine Cycle System
Kalina Cycle System
Other

By Application

Petroleum Refining
Heavy Metal Production
Cement
Chemical
Other

The report provides valuable insights into the key segments of the global Waste Heat Recovery Unit market, with a strong focus on CAGR, market size, market share, and future growth potential. The market is comprehensively segmented by product type, application, and region, with each segment thoroughly analyzed to identify growth prospects, demand patterns, and emerging trends. This detailed segmental analysis plays a crucial role in uncovering high-growth and high-return opportunities across the market. By offering precise data on product- and application-level demand, the report enables businesses to prioritize profitable segments and develop targeted strategies within the global Waste Heat Recovery Unit market.

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

Reasons to Procure this Report: -

►The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

►The report provides Waste Heat Recovery Unit market revenues at the worldwide, regional, and country-level with a complete analysis to 2028 permitting companies to analyze their market share and analyze projections, and find new markets to aim.

►The research includes the Waste Heat Recovery Unit market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

►Waste Heat Recovery Unit market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

►This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

►The study helps evaluate Waste Heat Recovery Unit business predictions by region, key countries, and top companies' information to channel their investments.

Key questions answered in the report include:

►This Waste Heat Recovery Unit report gives all the information about the industry analysis, revenue, and overview, of this market.

►What will be the rate of increase in Waste Heat Recovery Unit market size and growth rate by the end of the forecast period?

►What are the major global Waste Heat Recovery Unit market trends influencing the development of the market?

►What are the vital results of SWOT analysis of the major players operating in the Waste Heat Recovery Unit market?

►What are the potential growth opportunities and threats faced by Major competitors in the Waste Heat Recovery Unit market?

►What are the market opportunities and threats faced by vendors in the Global Waste Heat Recovery Unit market?

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Table of Contents - Major Key Points:

1 Waste Heat Recovery Unit Market Overview
1.1 Product Definition
1.2 Waste Heat Recovery Unit by Type
1.2.1 Global Waste Heat Recovery Unit Market Value by Type (2020-2031)
1.2.2 Steam System
1.2.3 Organic Rankine Cycle System
1.2.4 Kalina Cycle System
1.2.5 Other
1.3 Waste Heat Recovery Unit by Application
1.3.1 Global Waste Heat Recovery Unit Market Value by Application 2020-2031)
1.3.2 Petroleum Refining
1.3.3 Heavy Metal Production
1.3.4 Cement
1.3.5 Chemical
1.3.6 Other
1.4 Global Market Growth Prospects
1.4.1 Global Waste Heat Recovery Unit Revenue (2020-2031)
1.4.2 Global Waste Heat Recovery Unit Sales (2020-2031)
1.4.3 Global Waste Heat Recovery Unit Market Average Price (2020-2031)
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered
2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis
3 Manufacturers Competitive Analysis
3.1 Global Waste Heat Recovery Unit Revenue by Manufacturer (2020-2025)
3.2 Global Waste Heat Recovery Unit Sales by Manufacturer (2020-2025)
3.3 Global Waste Heat Recovery Unit Average Price by Manufacturer (2020-2025)
3.4 Waste Heat Recovery Unit Company Evaluation Quadrant
3.5 Industry Rank
3.5.1 Global Key Players of Waste Heat Recovery Unit, Industry Ranking, 2023 VS 2024
3.5.2 Global Waste Heat Recovery Unit Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.5.3 Global Waste Heat Recovery Unit Market Concentration Rate
3.5.4 Global 5 and 10 Largest Waste Heat Recovery Unit Players Market Share by Revenue
3.6 Waste Heat Recovery Unit Market: Overall Company Footprint Analysis
3.6.1 Waste Heat Recovery Unit Market: Region Footprint
3.6.2 Waste Heat Recovery Unit Market: Company Product Type Footprint
3.6.3 Waste Heat Recovery Unit Market: Company Product Application Footprint
3.6.4 Global Key Manufacturers of Waste Heat Recovery Unit, Date of Enter into This Industry
3.7 Competitive Environment
3.7.1 Historical Structure of the Industry
3.7.2 Barriers of Market Entry
3.7.3 Factors of Competition
4 Manufacturers Profiles
4.1 ABB
4.1.1 ABB Waste Heat Recovery Unit Details
4.1.2 ABB Waste Heat Recovery Unit Product and Services
4.1.3 ABB Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.1.4 ABB Major Business
4.1.5 ABB Recent Developments/Updates
4.2 MHI
4.2.1 MHI Waste Heat Recovery Unit Details
4.2.2 MHI Waste Heat Recovery Unit Product and Services
4.2.3 MHI Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.2.4 MHI Major Business
4.2.5 MHI Recent Developments/Updates
4.3 Siemens
4.3.1 Siemens Waste Heat Recovery Unit Details
4.3.2 Siemens Waste Heat Recovery Unit Product and Services
4.3.3 Siemens Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.3.4 Siemens Major Business
4.3.5 Siemens Recent Developments/Updates
4.4 GE
4.4.1 GE Waste Heat Recovery Unit Details
4.4.2 GE Waste Heat Recovery Unit Product and Services
4.4.3 GE Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.4.4 GE Major Business
4.4.5 GE Recent Developments/Updates
4.5 Kawasaki
4.5.1 Kawasaki Waste Heat Recovery Unit Details
4.5.2 Kawasaki Waste Heat Recovery Unit Product and Services
4.5.3 Kawasaki Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.5.4 Kawasaki Major Business
4.5.5 Kawasaki Recent Developments/Updates
4.6 Ormat
4.6.1 Ormat Waste Heat Recovery Unit Details
4.6.2 Ormat Waste Heat Recovery Unit Product and Services
4.6.3 Ormat Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.6.4 Ormat Major Business
4.6.5 Ormat Recent Developments/Updates
4.7 Foster Wheeler
4.7.1 Foster Wheeler Waste Heat Recovery Unit Details
4.7.2 Foster Wheeler Waste Heat Recovery Unit Product and Services
4.7.3 Foster Wheeler Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.7.4 Foster Wheeler Major Business
4.7.5 Foster Wheeler Recent Developments/Updates
4.8 Bosch
4.8.1 Bosch Waste Heat Recovery Unit Details
4.8.2 Bosch Waste Heat Recovery Unit Product and Services
4.8.3 Bosch Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.8.4 Bosch Major Business
4.8.5 Bosch Recent Developments/Updates
4.9 Echogen Power Systems
4.9.1 Echogen Power Systems Waste Heat Recovery Unit Details
4.9.2 Echogen Power Systems Waste Heat Recovery Unit Product and Services
4.9.3 Echogen Power Systems Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.9.4 Echogen Power Systems Major Business
4.9.5 Echogen Power Systems Recent Developments/Updates
4.10 EST (Wasabi)
4.10.1 EST (Wasabi) Waste Heat Recovery Unit Details
4.10.2 EST (Wasabi) Waste Heat Recovery Unit Product and Services
4.10.3 EST (Wasabi) Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.10.4 EST (Wasabi) Major Business
4.10.5 EST (Wasabi) Recent Developments/Updates
4.11 Thermax
4.11.1 Thermax Waste Heat Recovery Unit Details
4.11.2 Thermax Waste Heat Recovery Unit Product and Services
4.11.3 Thermax Waste Heat Recovery Unit Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.11.4 Thermax Major Business
4.11.5 Thermax Recent Developments/Updates
5 Consumption Analysis by Region
5.1 Global Waste Heat Recovery Unit Market Size by Region
5.1.1 Global Waste Heat Recovery Unit Consumption Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Waste Heat Recovery Unit Consumption Value by Region (2020-2025)
5.1.3 Global Waste Heat Recovery Unit Consumption Value by Region (2026-2031)
5.1.4 Global Waste Heat Recovery Unit Consumption Value Market Share by Region (2020-2031)
5.2 Global Waste Heat Recovery Unit Sales Quantity by Region
5.2.1 Global Waste Heat Recovery Unit Sales Quantity by Region: 2020 VS 2024 VS 2031
5.2.2 Global Waste Heat Recovery Unit Sales Quantity by Region (2020-2025)
5.2.3 Global Waste Heat Recovery Unit Sales Quantity by Region (2026-2031)
5.2.4 Global Waste Heat Recovery Unit Sales Quantity Market Share by Region (2020-2031)
5.3 Global Waste Heat Recovery Unit Average Price by Region
5.4 North America Waste Heat Recovery Unit Consumption Value (2020-2031)
5.5 Europe Waste Heat Recovery Unit Consumption Value (2020-2031)
5.6 Asia-Pacific Waste Heat Recovery Unit Consumption Value (2020-2031)
5.7 South America Waste Heat Recovery Unit Consumption Value (2020-2031)
5.8 Middle East & Africa Waste Heat Recovery Unit Consumption Value (2020-2031)
6 Market Scenario by Region & Country
6.1 Global Waste Heat Recovery Unit Consumption Value by Region & Country: 2020 Versus 2024 Versus 2031
6.2 Global Waste Heat Recovery Unit Consumption Value by Region & Country (2020-2031)
6.3 Global Waste Heat Recovery Unit Sales Quantity by Region & Country (2020-2031)
6.4 Global Waste Heat Recovery Unit Average Price by Region & Country (2020-2031)
6.5 North America Waste Heat Recovery Unit Market Facts & Figures by Country
6.5.1 North America Waste Heat Recovery Unit Consumption Value by Country: 2020 VS 2024 VS 2031
6.5.2 North America Waste Heat Recovery Unit Sales Quantity by Country (2020-2031)
6.5.3 North America Waste Heat Recovery Unit Consumption Value by Country (2020-2031)
6.5.4 United States
6.5.5 Canada
6.6 Europe Waste Heat Recovery Unit Market Facts & Figures by Country
6.6.1 Europe Waste Heat Recovery Unit Consumption Value by Country: 2020 VS 2024 VS 2031
6.6.2 Europe Waste Heat Recovery Unit Sales Quantity by Country (2020-2031)
6.6.3 Europe Waste Heat Recovery Unit Consumption Value by Country (2020-2031)
6.6.4 Germany
6.6.5 France
6.6.6 U.K.
6.6.7 Italy
6.6.8 Russia
6.7 Asia Pacific Waste Heat Recovery Unit Market Facts & Figures by Region
6.7.1 Asia Pacific Waste Heat Recovery Unit Market Size by Region: 2020 VS 2024 VS 2031
6.7.2 Asia Pacific Waste Heat Recovery Unit Sales Quantity by Region (2020-2031)
6.7.3 Asia Pacific Waste Heat Recovery Unit Consumption Value by Region (2020-2031)
6.7.4 China
6.7.5 Japan
6.7.6 South Korea
6.7.7 India
6.7.8 Australia
6.7.9 China Taiwan
6.7.10 Indonesia
6.7.11 Thailand
6.7.12 Malaysia
6.8 South America Waste Heat Recovery Unit Market Facts & Figures by Country
6.8.1 South America Waste Heat Recovery Unit Market Size by Country: 2020 VS 2024 VS 2031
6.8.2 South America Waste Heat Recovery Unit Sales Quantity by Country (2020-2031)
6.8.3 South America Waste Heat Recovery Unit Consumption Value by Country
6.8.4 Mexico
6.8.5 Brazil
6.8.6 Argentina
6.9 Middle East and Africa Waste Heat Recovery Unit Market Facts & Figures by Country
6.9.1 Middle East and Africa Waste Heat Recovery Unit Market Size by Country: 2020 VS 2024 VS 2031
6.9.2 Middle East and Africa Waste Heat Recovery Unit Sales Quantity by Country (2020-2031)
6.9.3 Middle East and Africa Waste Heat Recovery Unit Consumption Value by Country
6.9.4 Turkey
6.9.5 Saudi Arabia
6.9.6 UAE
7 Segment by Type
7.1 Global Waste Heat Recovery Unit Sales Quantity by Type (2020-2031)
7.1.1 Global Waste Heat Recovery Unit Sales Quantity by Type (2020-2025)
7.1.2 Global Waste Heat Recovery Unit Sales Quantity by Type (2026-2031)
7.1.3 Global Waste Heat Recovery Unit Sales Quantity Market Share by Type (2020-2031)
7.2 Global Waste Heat Recovery Unit Revenue by Type (2020-2031)
7.2.1 Global Waste Heat Recovery Unit Revenue by Type (2020-2025)
7.2.2 Global Waste Heat Recovery Unit Revenue by Type (2026-2031)
7.2.3 Global Waste Heat Recovery Unit Revenue Market Share by Type (2020-2031)
7.3 Global Waste Heat Recovery Unit Price by Type (2020-2031)
8 Segment by Application
8.1 Global Waste Heat Recovery Unit Sales Quantity by Application (2020-2031)
8.1.1 Global Waste Heat Recovery Unit Sales Quantity by Application (2020-2025)
8.1.2 Global Waste Heat Recovery Unit Sales Quantity by Application (2026-2031)
8.1.3 Global Waste Heat Recovery Unit Sales Quantity Market Share by Application (2020-2031)
8.2 Global Waste Heat Recovery Unit Revenue by Application (2020-2031)
8.2.1 Global Waste Heat Recovery Unit Revenue by Application (2020-2025)
8.2.2 Global Waste Heat Recovery Unit Revenue by Application (2026-2031)
8.2.3 Global Waste Heat Recovery Unit Revenue Market Share by Application (2020-2031)
8.3 Global Waste Heat Recovery Unit Price by Application (2020-2031)
9 Industry Chain and Sales Channels Analysis
9.1 Waste Heat Recovery Unit Industry Chain Analysis
9.2 Waste Heat Recovery Unit Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 Waste Heat Recovery Unit Production Mode & Process
9.4 Waste Heat Recovery Unit Sales and Marketing
9.4.1 Waste Heat Recovery Unit Sales Channels
9.4.2 Waste Heat Recovery Unit Distributors
9.5 Waste Heat Recovery Unit Customers
10 Research Findings and Conclusion
11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer

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