Waste Heat Recovery Systems Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Waste Heat Recovery Systems Market: By Application Analysis(Pre- Heating, Electricity & Steam Generatio and Others) By Temperature Analysis(<230 0C, 230-650 0C, >650 0C) By End User (Petroleum Refining, Cement, Heavy Metal Manufacturing, Chemical, Pulp & Paper, Food & Beverage , Glass and Others ) and Geography

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Description
Table Of Content
Company Profile

Report

Description

Waste Heat Recovery Systems Market size will be valued at USD 66.3 billion in 2021. It is expected to reach a value of USD 101.7 billion by 2028, growing at a CAGR of 6.3% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the Waste Heat Recovery Systems Market, which has been segmented into application analysis, temperature analysis, and end user. By application analysis, the market has been segmented into Pre- Heating, Electricity & Steam Generation, and Others. The Electricity & Steam Generation segment is likely the most significant and fastest-growing segment in application analysis. By temperature analysis, the Waste Heat Recovery Systems market has been segmented into <230 0C, 230-650 0C, and>650 0C. The <230 0C segment holds a significant revenue share in the market. Based on the end user, the Waste Heat Recovery Systems is segmented into Petroleum Refining, Cement, Heavy Metal Manufacturing, Chemical, Pulp & Paper Chemicals, Food & Beverage, Glass, and Others. According to precision business insights, the Petroleum Refining segment is predicted to register the fastest growth rate during the forecast period.

Key developments:

In March 2022, Alfa Laval has launched the E-PowerPack waste heat recovery system for ships. Able to convert waste heat directly into electrical power, the E-PowerPack uses Organic Rankine Cycle (ORC) technology to reduce ship fuel consumption and CO2 emissions.

Waste Heat Recovery Systems Market

MARKET SUMMARY

6.3%

Study Period– 2022-2028
Base Year– 2021
CAGR– 6.3%
Largest Market– North American
Fastest Growing Market– Asia-Pacific

Waste Heat Recovery Systems Market

The waste heat recovery systems market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
The waste heat recovery systems market is segmented based on application analysis, temperature analysis, end user and geography.

Key Players

Sigma Thermal
Echogen Power Ststems Inc.
Thermax Limited
General Electric Co.
Siemens Energy

Waste Heat Recovery Systems Market Drivers

Global waste heat recovery system (WHRS) market expansion is anticipated to be primarily driven by rising concerns about greenhouse gas (GHG) emissions and stringent laws to reduce carbon footprint.

North American Got Significant Share

Waste Heat Recovery Systems Market

The North American market is expected to witness the largest market share during the forecast period.

Latin-America

North-America

Europe

Asia-Pacific

Middle East

Key

Features of the Report

The Waste heat recovery systems market provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
The Waste heat recovery systems market covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
The Waste heat recovery systems market outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
The Waste heat recovery systems market tracks recent innovations, key developments, and start-up details that are actively working in the market
The Waste heat recovery systems market provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Waste Heat Recovery Systems Market Segmentation

Application Analysis

Pre- Heating
Electricity & Steam Generatio
Others

Temperature Analysis

<230 0C
230-650 0C
>650 0C

End User

Petroleum Refining
Cement
Heavy Metal Manufacturing
Chemical
Pulp & Paper
Food & Beverage
Glass
Others

By Geography

North America
Europe
Asia Pacific
Latin America
MEA

Location

GEOGRAPHY

Frequently Asked Questions

The waste heat recovery systems market is projected to expand at a CAGR of 6.3% during the forecast period

The major players in the global Waste Heat Recovery Systems market are ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), and Siemens AG (Germany).

North American is the fastest-growing region for waste heat recovery systems market

Report

Table Of Content

1. Executive Summary

2. Global Waste Heat Recovery Systems Market Introduction

2.1. Global Waste Heat Recovery Systems Market – Taxonomy

2.2. Global Waste Heat Recovery Systems Market –Definitions

2.2.1. By Application

2.2.2. By Temperature

2.2.3. By End User

2.2.4. By Region

3. Global Waste Heat Recovery Systems Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Global Waste Heat Recovery Systems Market Dynamic Factors – Impact Analysis

3.6. Global Waste Heat Recovery Systems Market – Competition Landscape

4. Global Waste Heat Recovery Systems Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028

4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market Opportunity Analysis

5. Global Waste Heat Recovery Systems Market, By Application, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

5.1. Pre- Heating

5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.3. Market Opportunity Analysis

5.2. Electricity & Steam Generation

5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3. Market Opportunity Analysis

5.3. Others

5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.3.3. Market Opportunity Analysis

6. Global Waste Heat Recovery Systems Market, By Temperature, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

6.1. <230⁰C

6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. 230-650 ⁰C

6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

6.3. >650 ⁰C

6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.3.3. Market Opportunity Analysis

7. Global Waste Heat Recovery Systems Market, By End User, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

7.1. Petroleum Refining

7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.1.3. Market Opportunity Analysis

7.2. Cement

7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.2.3. Market Opportunity Analysis

7.3. Heavy Metal Manufacturing

7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.3.3. Market Opportunity Analysis

7.4. Chemical

7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.4.3. Market Opportunity Analysis

7.5. Pulp & Paper

7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.5.3. Market Opportunity Analysis

7.6. Food & Beverages

7.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.6.3. Market Opportunity Analysis

7.7. Glass

7.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.7.3. Market Opportunity Analysis

7.8. Others

7.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.8.3. Market Opportunity Analysis

8. Global Waste Heat Recovery Systems Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

8.1. North America

8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.1.3. Market Opportunity Analysis

8.2. Europe

8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.2.3. Market Opportunity Analysis

8.3. Asia-Pacific

8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.3.3. Market Opportunity Analysis

8.4. Latin America

8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.4.3. Market Opportunity Analysis

8.5. Middle East and Africa

8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.5.3. Market Opportunity Analysis

8.6. Global Waste Heat Recovery Systems Market – Opportunity Analysis Index, By Application, End User, and Region, 2022 – 2028

9. North America Waste Heat Recovery Systems Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

9.1. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.1.1. Pre- Heating

9.1.2. Electricity & Steam Generation

9.1.3. Others

9.2. Temperature Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.2.1. <230 ⁰C

9.2.2. 230-650 ⁰C

9.2.3. >650 ⁰C

9.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.3.1. Petroleum Refining

9.3.2. Cement

9.3.3. Heavy Metal Manufacturing

9.3.4. Chemical

9.3.5. Pulp & Paper

9.3.6. Food & Beverage

9.3.7. Glass

9.3.8. Others

9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

9.4.1. USA

9.4.2. Canada

9.5. North America Waste Heat Recovery Systems Market – Opportunity Analysis Index, By Application, By Temperature, End User, and Country, 2022 – 2028

9.6. North America Waste Heat Recovery Systems Market Dynamics – Trends

10. Europe Waste Heat Recovery Systems Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

10.1. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.1.1. Pre- Heating

10.1.2. Electricity & Steam Generation

10.1.3. Others

10.2. Temperature Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.2.1. <230 ⁰C

10.2.2. 230-650 ⁰C

10.2.3. >650 ⁰C

10.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.3.1. Petroleum Refining

10.3.2. Cement

10.3.3. Heavy Metal Manufacturing

10.3.4. Chemical

10.3.5. Pulp & Paper

10.3.6. Food & Beverage

10.3.7. Glass

10.3.8. Others

10.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

10.4.1. Germany

10.4.2. UK

10.4.3. France

10.4.4. Spain

10.4.5. Italy

10.4.6. Russia

10.4.7. Rest of Europe

10.5. Europe Waste Heat Recovery Systems Market – Opportunity Analysis Index, By Application, By Temperature, End User, and Country, 2022 – 2028

10.6. Europe Waste Heat Recovery Systems Market Dynamics – Trends

11. Asia-Pacific Waste Heat Recovery Systems Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

11.1. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.1.1. Pre- Heating

11.1.2. Electricity & Steam Generation

11.1.3. Others

11.2. Temperature Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.2.1. <230 ⁰C

11.2.2. 230-650 ⁰C

11.2.3. >650 ⁰C

11.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.3.1. Petroleum Refining

11.3.2. Cement

11.3.3. Heavy Metal Manufacturing

11.3.4. Chemical

11.3.5. Pulp & Paper

11.3.6. Food & Beverage

11.3.7. Glass

11.3.8. Others

11.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

11.4.1. China

11.4.2. India

11.4.3. Japan

11.4.4. ASEAN

11.4.5. Australia & New Zealand

11.4.6. Rest of Asia-Pacific

11.5. Asia-Pacific Waste Heat Recovery Systems Market – Opportunity Analysis Index, By Application, By Temperature, End User, and Country, 2022 – 2028

11.6. Asia-Pacific Waste Heat Recovery Systems Market Dynamics – Trends

12. Latin America Waste Heat Recovery Systems Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

12.1. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.1.1. Pre- Heating

12.1.2. Electricity & Steam Generation

12.1.3. Others

12.2. Temperature Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.2.1. <230 ⁰C

12.2.2. 230-650 ⁰C

12.2.3. >650 ⁰C

12.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.3.1. Petroleum Refining

12.3.2. Cement

12.3.3. Heavy Metal Manufacturing

12.3.4. Chemical

12.3.5. Pulp & Paper

12.3.6. Food & Beverage

12.3.7. Glass

12.3.8. Others

12.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

12.4.1. Brazil

12.4.2. Mexico

12.4.3. Argentina

12.4.4. Rest of Latin America

12.5. Latin America Waste Heat Recovery Systems Market – Opportunity Analysis Index, By Application, By Temperature, End User, and Country, 2022 – 2028

12.6. Latin America Waste Heat Recovery Systems Market Dynamics – Trends

13. Middle East and Africa Waste Heat Recovery Systems Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)

13.1. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

13.1.1. Pre- Heating

13.1.2. Electricity & Steam Generation

13.1.3. Others

13.2. Temperature Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

13.2.1. <230 ⁰C

13.2.2. 230-650 ⁰C

13.2.3. >650 ⁰C

13.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

13.3.1. Petroleum Refining

13.3.2. Cement

13.3.3. Heavy Metal Manufacturing

13.3.4. Chemical

13.3.5. Pulp & Paper

13.3.6. Food & Beverage

13.3.7. Glass

13.3.8. Others

13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

13.4.1. Gulf Cooperation Council (GCC) Countries

13.4.2. Israel

13.4.3. South Africa

13.4.4. Rest of MEA

13.5. MEA Waste Heat Recovery Systems Market – Opportunity Analysis Index, By Application, By Temperature, End User, and Country, 2022 – 2028

13.6. MEA Waste Heat Recovery Systems Market Dynamics – Trends

14. Competition Landscape

14.1. Strategic Dashboard of Top Market Players

14.2. Company Profiles (Introduction, Financial Analysis, Application Offerings, Key Developments, Strategies, and SWOT Analysis)

14.2.1. Sigma Thermal

14.2.2. Echogen Power Ststems Inc.

14.2.3. Thermax Limited

14.2.4. General Electric Co.

14.2.5. Siemens Energy

14.2.6. Mitsubishi Heavy Industries LTD

14.2.7. Kemco Stystems

14.2.8. Endotherm Ltd

14.2.9. Ormat Technolgies

14.2.10. ABB Ltd.

15. Research Methodology

16. Key Assumptions and Acronyms

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Waste Heat Recovery Systems Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

Key developments:

Waste Heat Recovery Systems Market

Waste Heat Recovery Systems Market

Features of the Report

Application Analysis

Temperature Analysis

End User

By Geography

GEOGRAPHY

Frequently Asked Questions

Table Of Content

Company Profile

Description

Key developments:

Reviews

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