Published On : June 2022 Pages : 180 Category: Energy & Mining Report Code : EM06898
Industry Outlook and Trend Analysis
The Waste Heat Recovery System Market was worth USD during the forecast period. A waste heat recovery unit (WHRU) is an energy recovery heat exchanger that exchanges heat from process yields at high temperature to other sections of the procedure for some reason, usually expanded efficiency. The WHRU is a tool engaged with cogeneration. Waste heat might be derived from sources, for example, steam from cooling towers, hot flue gases from a diesel generator, or even waste water from cooling procedures, for example, in steel cooling. % billion in 2017 and is expected to reach approximately USD billion by 2023, while registering itself at a compound annual growth rate (CAGR) of
Application Outlook and Trend Analysis
The steam & electricity generation application section commanded the WHR system market in 2017. The market in this application is likewise anticipated that would encounter significant CAGR over the forecast period inferable from developing requirement for energy in several regions.
End User Outlook and Trend Analysis
The WHRS market is characterized in light of end-use industry into metal production, petroleum refining, chemical, cement, paper & pulp, and others. The market is commanded by the petroleum refining end-use industry. In this industry, WHRS is used for different procedures, for example, catalytic, distillation, thermal cracking, and treatment.
Regional Outlook and Trend Analysis
North America is anticipated to witness a direct development rate. Asia-Pacific is foreseen to be the quickest developing WHR system market, which is sponsored by appeal from WHR system in the bond business in light of the developing development segment. The existence of real creating nations, for example, China, India, and South Korea additionally drive the WHR system market in the locale.
Competitive Insights
The major players in the market are General Electric, Echogen Power Systems Inc, Mitsubishi Heavy Industries Ltd, Ormat Technologies, ABB, Amec Foster Wheeler, Cool Energy Inc, Thermax, Econotherm Limited and Siemens. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Waste Heat Recovery System Market is segmented as follows-
By Application:
By End User:
By Region
Some of the key questions answered by the report are:
Market Classification
· Waste Heat Recovery System Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Preheating
· Steam & electricity generation
· Other Applications
· Waste Heat Recovery System Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
· Petroleum refining
· Metal production
· Cement
· Chemical
· Paper & pulp
· Other End Users
· Waste Heat Recovery System Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Waste Heat Recovery System Market, By Country
o U.S. Waste Heat Recovery System Market
o Canada Waste Heat Recovery System Market
o Mexico Waste Heat Recovery System Market
· Europe
§ Europe Waste Heat Recovery System Market, By Country
o Germany Waste Heat Recovery System Market
o UK Waste Heat Recovery System Market
o France Waste Heat Recovery System Market
o Russia Waste Heat Recovery System Market
o Italy Waste Heat Recovery System Market
o Rest of Europe Waste Heat Recovery System Market
· Asia-Pacific
§ Asia-Pacific Waste Heat Recovery System Market, By Country
o China Waste Heat Recovery System Market
o Japan Waste Heat Recovery System Market
o South Korea Waste Heat Recovery System Market
o India Waste Heat Recovery System Market
o Southeast Asia Waste Heat Recovery System Market
o Rest of Asia-Pacific Waste Heat Recovery System Market
· South America
§ South America Waste Heat Recovery System Market
o Brazil Waste Heat Recovery System Market
o Argentina Waste Heat Recovery System Market
o Columbia Waste Heat Recovery System Market
o South Africa Waste Heat Recovery System Market
o Rest of South America Waste Heat Recovery System Market
· Middle East and Africa
§ Middle East and Africa Waste Heat Recovery System Market
o Saudi Arabia Waste Heat Recovery System Market
o UAE Waste Heat Recovery System Market
o Egypt Waste Heat Recovery System Market
o Nigeria Waste Heat Recovery System Market
o South Africa Waste Heat Recovery System Market
o Rest of MEA Waste Heat Recovery System Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Government Regulations & Incentives
3.2.1.2. Need for Energy Efficient Equipment
3.2.2. Restraints
3.2.2.1. Cost Restriction
3.2.2.2. Temperature Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Waste Heat Recovery System Market, By Application
5.1. Introduction
5.2. Global Waste Heat Recovery System Revenue and Market Share by Application (2017-2027)
5.2.1. Global Waste Heat Recovery System Revenue and Revenue Share by Application (2017-2027)
5.3. Preheating
5.3.1. Global Preheating Revenue and Growth Rate (2017-2027)
5.4. Steam & Electricity Generation
5.4.1. Global Steam & Electricity Generation Revenue and Growth Rate (2017-2027)
5.5. Other Applications
5.5.1. Global Other Applications Revenue and Growth Rate (2017-2027)
6. Waste Heat Recovery System Market, By End User
6.1. Introduction
6.2. Global Waste Heat Recovery System Revenue and Market Share by End User (2017-2027)
6.2.1. Global Waste Heat Recovery System Revenue and Revenue Share by End User (2017-2027)
6.3. Petroleum Refining
6.3.1. Global Petroleum Refining Revenue and Growth Rate (2017-2027)
6.4. Metal production
6.4.1. Global Metal Production Revenue and Growth Rate (2017-2027)
6.5. Cement
6.5.1. Global Cement Revenue and Growth Rate (2017-2027)
6.6. Chemical
6.6.1. Global Chemical Revenue and Growth Rate (2017-2027)
6.7. Paper & Pulp
6.7.1. Global Paper & Pulp Revenue and Growth Rate (2017-2027)
6.8. Other End Users
6.8.1. Global Other End Users Revenue and Growth Rate (2017-2027)
7. Waste Heat Recovery System Market, By Region
7.1. Introduction
7.2. Global Waste Heat Recovery System Revenue and Market Share by Regions
7.2.1. Global Waste Heat Recovery System Revenue by Regions (2017-2027)
7.3. North America Waste Heat Recovery System by Countries
7.3.1. North America Waste Heat Recovery System Revenue and Growth Rate (2017-2027)
7.3.2. North America Waste Heat Recovery System Revenue (Million USD) by Countries (2017-2027)
7.3.3. U.S.
7.3.3.1. United States Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.4. Canada
7.3.4.1. Canada Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.5. Mexico
7.3.5.1. Mexico Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Waste Heat Recovery System by Countries
7.4.1. Europe Waste Heat Recovery System Revenue and Growth Rate (2017-2027)
7.4.2. Europe Waste Heat Recovery System Revenue (Million USD) by Countries (2017-2027)
7.4.3. Germany
7.4.3.1. Germany Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.4. UK
7.4.4.1. UK Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.5. France
7.4.5.1. France Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. Russia
7.4.6.1. Russia Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. Italy
7.4.7.1. Italy Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Rest of Europe
7.4.8.1. Rest of Europe Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Waste Heat Recovery System Revenue and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Waste Heat Recovery System Revenue (Million USD) by Countries (2017-2027)
7.5.3. China
7.5.3.1. China Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.4. Japan
7.5.4.1. Japan Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.4.2.
7.5.5. Korea
7.5.5.1. Korea Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. India
7.5.6.1. India Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.7. Southeast Asia
7.5.7.1. Southeast Asia Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. Rest of Asia-Pacific
7.5.8.1. Rest of Asia-Pacific Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Waste Heat Recovery System Revenue and Growth Rate (2017-2027)
7.6.2. South America Waste Heat Recovery System Revenue (Million USD) by Countries (2017-2027)
7.6.3. Brazil
7.6.3.1. Brazil Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.4. Argentina
7.6.4.1. Argentina Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.5. Columbia
7.6.5.1. Columbia Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Rest of South America
7.6.6.1. Rest of South America Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Waste Heat Recovery System Revenue and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Waste Heat Recovery System Revenue (Million USD) by Countries (2017-2027)
7.7.3. Saudi Arabia
7.7.3.1. Saudi Arabia Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.4. United Arab Emirates
7.7.4.1. United Arab Emirates Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.5. Egypt
7.7.5.1. Egypt Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. Nigeria
7.7.6.1. Nigeria Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. South Africa
7.7.7.1. South Africa Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Rest of Middle East and Africa
7.7.8.1. 2027)
7.7.8.2. Rest of Middle East and Africa Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. ABB Ltd.
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Revenue and Market Share
8.2. AMEC Foster Wheeler
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Revenue and Market Share
8.3. Ormat Technologies Inc.
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Revenue and Market Share
8.4. General Electric Co.
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Revenue and Market Share
8.5. Mitsubishi Heavy Industries Ltd.
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Revenue and Market Share
8.6. Echogen Power Systems Inc.
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Revenue and Market Share
8.7. Econotherm Ltd
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Revenue and Market Share
8.8. Thermax Limited
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Revenue and Market Share
8.9. Siemens AG
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Revenue and Market Share
8.10. Cool Energy, Inc.
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Revenue and Market Share
9. Global Waste Heat Recovery System Market Competition, by Manufacturer
9.1. Global Waste Heat Recovery System Revenue and Market Share by Manufacturer (2017-2017)
9.2. Global Waste Heat Recovery System Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Waste Heat Recovery System Price by Region (2017-2017)
9.4. Top 5 Waste Heat Recovery System Manufacturer Market Share
9.5. Market Competition Trend
10. Waste Heat Recovery System Market Forecast (2027-2023)
10.1. Global Waste Heat Recovery System Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Waste Heat Recovery System Market Forecast by Regions (2027-2023)
10.2.1. North America Waste Heat Recovery System Market Forecast (2027-2023)
10.2.1.1. United States Waste Heat Recovery System Market Forecast (2027-2023)
10.2.1.2. Canada Waste Heat Recovery System Market Forecast (2027-2023)
10.2.1.3. Mexico Waste Heat Recovery System Market Forecast (2027-2023)
10.2.2. Europe Waste Heat Recovery System Market Forecast (2027-2023)
10.2.2.1. Germany Waste Heat Recovery System Market Forecast (2027-2023)
10.2.2.2. United Kingdom Waste Heat Recovery System Market Forecast (2027-2023)
10.2.2.3. France Waste Heat Recovery System Market Forecast (2027-2023)
10.2.2.4. Russia Waste Heat Recovery System Market Forecast (2027-2023)
10.2.2.5. Italy Waste Heat Recovery System Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Waste Heat Recovery System Market Forecast (2027-2023)
10.2.3. Asia-Pacific Waste Heat Recovery System Market Forecast (2027-2023)
10.2.3.1. China Waste Heat Recovery System Market Forecast (2027-2023)
10.2.3.2. Japan Waste Heat Recovery System Market Forecast (2027-2023)
10.2.3.3. Korea Waste Heat Recovery System Market Forecast (2027-2023)
10.2.3.4. India Waste Heat Recovery System Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Waste Heat Recovery System Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Waste Heat Recovery System Market Forecast (2027-2023)
10.2.4. South America Waste Heat Recovery System Market Forecast (2027-2023)
10.2.4.1. Brazil Waste Heat Recovery System Market Forecast (2027-2023)
10.2.4.2. Argentina Waste Heat Recovery System Market Forecast (2027-2023)
10.2.4.3. Columbia Waste Heat Recovery System Market Forecast (2027-2023)
10.2.4.4. Rest of South America Waste Heat Recovery System Market Forecast (2027-2023)
10.2.5. Middle East and Africa Waste Heat Recovery System Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Waste Heat Recovery System Market Forecast (2027-2023)
10.2.5.2. UAE Waste Heat Recovery System Market Forecast (2027-2023)
10.2.5.3. Egypt Waste Heat Recovery System Market Forecast (2027-2023)
10.2.5.4. Nigeria Waste Heat Recovery System Market Forecast (2027-2023)
10.2.5.5. South Africa Waste Heat Recovery System Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Waste Heat Recovery System Market Forecast (2027-2023)
10.3. Waste Heat Recovery System Market Forecast by Application (2027-2023)
10.3.1. Global Waste Heat Recovery System Revenue Forecast by Application (2027-2023)
10.3.2. Global Waste Heat Recovery System Revenue Market Share Forecast by Application (2027-2023)
10.4. Waste Heat Recovery System Market Forecast by End User (2027-2023)
10.4.1. Global Waste Heat Recovery System Revenue Forecast by End User (2027-2023)
10.4.2. Global Waste Heat Recovery System Revenue Market Share Forecast by End User (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Waste Heat Recovery System Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
Data Collection Matrix |
Supply Side |
Demand Side |
Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
Qualitative Data |
Quantitative Data (2017-2025) |
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