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According to our (Global Info Research) latest study, the global Waste Heat Recovery market size was valued at USD 783.9 million in 2022 and is forecast to a readjusted size of USD 898.1 million by 2029 with a CAGR of 2.0% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global waste heat recovery key players include Kawasaki, Sinoma Energy Conservation, CITIC Heavy Industries and Thermax. Global top four manufacturers hold a share about 46%. In terms of product, steam rankine cycle is the largest segment, with a share about 80%. And in terms of application, the largest application is cement, with a share about 33%.
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.
This report is a detailed and comprehensive analysis for global Waste Heat Recovery market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Waste Heat Recovery market size and forecasts, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2018-2029
Global Waste Heat Recovery market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2018-2029
Global Waste Heat Recovery market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/KW), 2018-2029
Global Waste Heat Recovery market shares of main players, shipments in revenue ($ Million), sales quantity (MW), and ASP (US$/KW), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Waste Heat Recovery
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Waste Heat Recovery market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sinoma Energy Conservation, Kawasaki, CITIC Heavy Industries, Thermax and Turboden, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Waste Heat Recovery market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- Steam Rankine Cycle
- Organic Rankine Cycle
Market segment by Application
- Cement
- Steel
- Petroleum Refining
- Chemical
- Others
Major players covered
- Sinoma Energy Conservation
- Kawasaki
- CITIC Heavy Industries
- Thermax
- Turboden
- Kesen Kenen
- Boustead International Heaters
- Exergy International
- Orcan
- Enertime
- ElectraTherm
- Climeon
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Waste Heat Recovery product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Waste Heat Recovery, with price, sales, revenue and global market share of Waste Heat Recovery from 2018 to 2023.
Chapter 3, the Waste Heat Recovery competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Waste Heat Recovery breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Waste Heat Recovery market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Waste Heat Recovery.
Chapter 14 and 15, to describe Waste Heat Recovery sales channel, distributors, customers, research findings and conclusion.