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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 Waste Heat Recovery System industry can be broken down into several segments, Steam Rankine Cycle, Organic Rankine Cycle Systems, etc.
Across the world, the major players cover Kawasaki, Sinoma Energy Conservation, CITIC Heavy Industries, Boustead International Heaters, Turboden, Thermax, Kesen Kenen, Exergy International, CTP Team, Climeon, etc.
LPI (LP Information)' newest research report, the "Waste Heat Recovery System Industry Forecast" looks at past sales and reviews total world Waste Heat Recovery System sales in 2022, providing a comprehensive analysis by region and market sector of projected Waste Heat Recovery System sales for 2023 through 2029. With Waste Heat Recovery System 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 System industry.
This Insight Report provides a comprehensive analysis of the global Waste Heat Recovery System 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 System 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 System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Waste Heat Recovery System and breaks down the forecast by type, by application, 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 System.
The global Waste Heat Recovery System market size is projected to grow from US$ 703.9 million in 2022 to US$ 836.2 million in 2029; it is expected to grow at a CAGR of 836.2 from 2023 to 2029.
Global waste heat recovery key players include Kawasaki, Sinoma Energy Conservation, Kesen Kenen, Boustead International Heaters, etc. Global top 6 manufacturers hold a share about 50%.
Asia-Pacific is the largest market, with a share about 70%, followed by Europe and North America, both have a share over 20 percent.
In terms of product, steam rankine cycle is the largest segment, with a share over 80%. 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 System market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- Steam Rankine Cycle
- Organic Rankine Cycle
Segmentation by application
- Cement
- Steel
- Petroleum Refining
- Chemical
- Others
The below companies that are profiled
- 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 System market?
What factors are driving Waste Heat Recovery System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Waste Heat Recovery System market opportunities vary by end market size?
How does Waste Heat Recovery System break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?