United StatesWaste Heat Recovery System Market 2031 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

The Global Waste Heat Recovery System Market size is growing at a high CAGR during the forecast period (2023-2030).

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Key Development:

United States: Recent Waste Heat Recovery System Developments

✅ In December 2025, Clean Energy Technologies deployed its Clean Cycle II Organic Rankine Cycle (ORC) waste heat recovery system at a Fortune 100 facility in Martin, Tennessee, converting industrial waste heat to electricity and advancing sustainable operations.

✅ In September 2025, Clean Energy Technologies completed delivery of its 140 kW heat recovery systems under its strategic agreement with Sagacity, reinforcing on‐time execution and positioning for larger‐scale ORC deployments and next‐gen systems.

✅ In October 2025, Siemens AG announced an advanced partnership to integrate AI‐driven analytics into waste heat recovery systems, aiming to enhance predictive maintenance, reduce downtime, and boost operational efficiency for industrial clients.

✅ In September 2025, General Electric Company launched a new line of industrial waste heat recovery systems focused on manufacturing and petrochemical applications to improve energy utilization across key sectors.

Japan: Recent Waste Heat Recovery System Developments

✅ In November 2025, a Japanese startup developed breakthrough low‐temperature (less then 300 °C) waste heat recovery technology aimed at capturing and converting previously unused factory heat into electrical energy, supporting energy efficiency and decarbonization.

✅ In October 2025, a micro‐ORC unit was installed at a Japanese hot spring resort to generate power from geothermal waste heat before it enters bathing facilities, showcasing innovative small‐scale WHR applications.

✅ In September 2025, Kobelco released a new screw expander for ORC waste heat to power systems that offers higher durability and efficiency for small‐scale applications across Japanese industries.

✅ In June 2025, MIURA CO., LTD. completed verification tests of its binary cycle power generation system for ships that captures marine engine waste heat using multi‐stage recovery, achieving strong performance metrics under simulated maritime conditions.

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Key Players:

=> ABB, John Wood Group PLC, Bechtel Corporation, Ormat Technologies, Mitsubishi Heavy Industries Ltd., Econotherm Limited, Thermax Limited, Siemens, Cool Energy, Inc., Echogen Power Systems LLC.

Key Segments:

By Type

Pre-heating - 25% share, primarily used to improve fuel efficiency and reduce emissions in industrial processes.
Steam & Electricity Generation - 50% share, major segment driven by energy-intensive industries requiring continuous power and heat supply.
Others - 25% share, including hybrid or auxiliary energy recovery systems in niche applications.

By End-User

Petroleum Refining - 20% share, high demand due to large-scale thermal energy requirements.
Metal Production - 15% share, energy-intensive operations drive steam and electricity generation adoption.
Cement - 10% share, used for pre-heating and energy efficiency in kilns.
Chemical - 15% share, including process heating and steam generation in chemical plants.
Paper & Pulp - 10% share, for steam production and energy recovery in paper manufacturing.
Textile - 5% share, process heating for dyeing and finishing operations.
Food & Beverage - 15% share, including steam and electricity for cooking, sterilization, and packaging.
Glass - 5% share, pre-heating and energy recovery in glass production.
Others - 5% share, includes miscellaneous industrial applications.

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By Region

North America - 25% Share
High adoption driven by energy efficiency initiatives, industrial modernization, and regulatory compliance.

Europe - 25% Share
Focus on reducing carbon footprint, with strong adoption of steam and electricity generation solutions.

Asia Pacific - 30% Share
Growing industrial base in China, India, and Southeast Asia drives demand for energy recovery and process heating.

Latin America - 10% Share
Moderate adoption in petroleum, food & beverage, and chemical sectors.

Middle East & Africa - 10% Share
Emerging adoption, particularly in petroleum refining and chemical industries.

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