Waste Heat Recovery System Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2030

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Waste Heat Recovery System Market Overview:

Waste Heat Recovery System Market is projected to be worth USD 127.2 billion by 2030, registering a CAGR of 9.2% during the forecast period (2022 - 2030), The market is expected to be driven by increasing electricity consumption.

Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.

Segmental Analysis

The segmental assessment of the waste heat recovery system market has been conducted based on end-use, application, and region. On the basis of end-use, the waste heat recovery system market has been segmented into chemical, paper and pulp, cement, petroleum refining, metal production and casting, and others. Based on the application, the waste heat recovery system market has been segmented into pre-heating, steam and power generation, and others. On the basis of regions, the waste heat recovery system market has been segmented into North America, Europe, Asia Pacific, and other global regions.

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Detailed Regional Analysis

The regional examination of the waste heat recovery system market includes regions such as North America, Europe, Asia Pacific, and other global regions. The European region governed the worldwide waste heat recovery system market in 2017. The growing consciousness concerning waste heat recovery systems, along with accommodating initiatives by the European Union to advance energy through waste, has been the most important factor driving the waste heat recovery system market. The regional waste heat recovery system market in North America is another noticeable region. The strict guidelines from the government and a number of environmental societies on energy efficiency and energy saving are motivating the market. The Asia Pacific regional waste heat recovery system market is estimated to develop at the uppermost CAGR for the duration of the forecast. The elevated industrialization levels and mounting consequence for sustainable energy in evolving markets of China and India are estimated to propel the Asia Pacific market evolution over the forecast period.

 

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The principal companies in the waste heat recovery system market are Amec Foster Wheeler (U.K.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Ormat Technologies Inc. (U.S.), Alstom SA (France), General Electric Co. (U.S.), ABB Ltd. (Switzerland), Thermax Limited (India), Siemens AG (Germany), China Energy Recovery Inc. (China), Econotherm Ltd. (U.K.), and Cool Energy Inc. (U.S.) are among others.