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Waste heat recovery is the process of "heat integration", that is, reusing heat energy that would otherwise be disposed of or simply released into the atmosphere. By recovering waste heat, plants can reduce energy costs and CO2 emissions, while simultaneously increasing energy efficiency.
Waste heat to power (WHP) is the process of capturing heat discarded by an existing industrial process and using that heat to generate power. Energy intensive industrial processessuch as those occurring at refineries, steel mills, glass furnaces, and cement kilnsall release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity. The recovery of industrial waste heat for power is a largely untapped type of combined heat and power (CHP), which is the use of a single fuel source to generate both thermal energy (heating or cooling) and electricity.
LPI (LP Information)' newest research report, the "Waste Heat Recovery Industry Forecast" looks at past sales and reviews total world Waste Heat Recovery sales in 2022, providing a comprehensive analysis by region and market sector of projected Waste Heat Recovery sales for 2023 through 2029. With Waste Heat Recovery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Waste Heat Recovery industry.
This Insight Report provides a comprehensive analysis of the global Waste Heat Recovery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Waste Heat Recovery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Waste Heat Recovery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Waste Heat Recovery and breaks down the forecast by mw capacity, by industry, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Waste Heat Recovery.
The global Waste Heat Recovery market size is projected to grow from US$ 27420 million in 2022 to US$ 33510 million in 2029; it is expected to grow at a CAGR of 33510 from 2023 to 2029.
Global Waste Heat Recovery key players include Kawasaki, Sinoma Energy Conservation, Kesen Kenen, Boustead International Heaters, etc. Global top four manufacturers hold a share about 45%.
China is the largest market, with a share about 80%, followed by Europe, and India, both have a share over 10 percent.
In terms of product, Over 7MW is the largest segment, with a share over 60%. And in terms of application, the largest application is Cement, followed by Steel, Chemical, Petroleum Refining, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Waste Heat Recovery market by product mw capacity, industry, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by mw capacity
- Over 7MW
- Below 1MW
- 1MW-3MW
- 3MW-7MW
Segmentation by industry
- Cement
- Steel
- Petroleum Refining
- Chemical
- Other
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Kawasaki
- Sinoma Energy Conservation
- Kesen Kenen
- Boustead International Heaters
- CITIC Heavy Industries
- Thermax
- Lingda Group
- Ormat
- Turboden
- Exergy International
- Enertime
- ElectraTherm
- E-Rational
Key Questions Addressed in this Report
What is the 10-year outlook for the global Waste Heat Recovery market?
What factors are driving Waste Heat Recovery market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Waste Heat Recovery market opportunities vary by end market size?
How does Waste Heat Recovery break out mw capacity, industry?
What are the influences of COVID-19 and Russia-Ukraine war?