Waste Heat Recovery System Market worth $146.23 billion by 2030, growing at a CAGR of 8.44% - Exclusive Report by 360iResearch

The "Waste Heat Recovery System Market by Type (Services, Solutions), Component (Air Preheaters, Economisers, Heat Pipe Systems), Temperature, Application, End-Use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Waste Heat Recovery System Market to grow from USD 82.89 billion in 2023 to USD 146.23 billion by 2030, at a CAGR of 8.44%.

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A waste heat recovery system uses thermal energy to reduce the quantity of heat lost in this manner by reusing it in the same or a different process. As the industrial sector continues improving its energy efficiency, retrieving waste heat losses delivers an attractive opportunity for an emission-free and less costly energy resource. The rising electricity consumption, favorable government initiatives, and emerging adoption from end-user industries are driving the need for waste heat recovery systems. However, associated high implementation costs and concerns related to temperature restrictions and transportation may hinder the market development. Nevertheless, the ongoing research and development activities for advanced heat recovery technologies and potential investment for novel products create lucrative opportunities for market growth in the forecast period.

Increasing concerns about the cost of energy and energy security and general environmental and sustainability concerns, there is now rising global interest in the development and application of WHR systems. The European region covers a significant spectrum of the market owing to government regulatory requirements on emissions reduction targets. Moreover, the DryFiciency project aims to lead energy-intensive sectors of European manufacturing to high energy efficiency and reduce fossil carbon emissions through waste heat recovery system to foster competitiveness, improve energy supply security, and ensure sustainable European production. The waste heat recovery system market is also advancing its growth in the American region owing to favorable government initiatives and the introduction of novel technologies. The Asia-Pacific region has been experiencing the highest growth rate in the last few years, at about 10% per annum, with China and India accounting for the highest number of installations of heat recovery units.

Market Segmentation & Coverage:

This research report categorizes the Waste Heat Recovery System Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Services and Solutions. The Services is projected to witness significant market share during forecast period.

Based on Component, market is studied across Air Preheaters, Economisers, Heat Pipe Systems, Heat Pumps, Heat Recovery Steam Generator, Regenerative & Recuperative Burners, and Waste Heat Boilers. The Waste Heat Boilers is projected to witness significant market share during forecast period.

Based on Temperature, market is studied across High Temperature (More than 1,200°F), Low Temperature (Less than 450°F), and Medium Temperature (450°F - 1,200°F). The High Temperature (More than 1,200°F) is projected to witness significant market share during forecast period.

Based on Application, market is studied across Pre Heating and Steam & Power Generation. The Steam & Power Generation is projected to witness significant market share during forecast period.

Based on End-Use, market is studied across Ceramic Manufacturing, Chemical Processing, Construction Material Manufacturing, Energy & Utility, Food Processing, Metal Production, and Petroleum Refining. The Chemical Processing is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Waste Heat Recovery System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Waste Heat Recovery System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Waste Heat Recovery System Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Air Squared, Inc., Alfa Laval AB, Alstom SA, Anguil Environmental Systems, Inc., Astec Industries, Inc., AURA GmbH & Co. KG, Borsig GmbH, Bosch Industriekessel GmbH, Boustead International Heaters Limited, Cain Industries Inc., Cannon Bono Energia, Catalytic Products International, China Energy Recovery Inc., Clayton Industries, Cummins Inc., Echogen Power Systems, Econotherm Limited, Enerquip Thermal Solutions, Epcon Industrial Systems, Inc., Exergy International Srl, Exodraft A/S, Forbes Marshall, GEA Group AG, General Electric Company, Gulf Coast Green Energy, HeatMatrix Group B.V., IHI Corporation, Industrial Boilers America, James Resources, LLC, John Wood Group PLC, Kawasaki Heavy Industries, Ltd., KNM Group, Larsen & Toubro Limited, Matthews Environmental Solutions, Mitsubishi Heavy Industries, Ltd., Muhibbah Engineering (M) Bhd., Munters Corporation, Nacah Tech LLC, Ormat Technologies, Inc., Penn Separator Corp., Procedyne Corp., Promec Engineering, Siemens AG, Sigma Thermal Inc., Somas Instrument AB, Terrapin Geothermics, Thermal Fluid Systems, Inc., Thermax Limited, and W. Baelz & Sohn GmbH & Co..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Waste Heat Recovery System Market, by Type
7. Waste Heat Recovery System Market, by Component
8. Waste Heat Recovery System Market, by Temperature
9. Waste Heat Recovery System Market, by Application
10. Waste Heat Recovery System Market, by End-Use
11. Americas Waste Heat Recovery System Market
12. Asia-Pacific Waste Heat Recovery System Market
13. Europe, Middle East & Africa Waste Heat Recovery System Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Waste Heat Recovery System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Waste Heat Recovery System Market?
3. What is the competitive strategic window for opportunities in the Waste Heat Recovery System Market?
4. What are the technology trends and regulatory frameworks in the Waste Heat Recovery System Market?
5. What is the market share of the leading vendors in the Waste Heat Recovery System Market?
6. What modes and strategic moves are considered suitable for entering the Waste Heat Recovery System Market?

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