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PUBLISHER: Grand View Research | PRODUCT CODE: 1268644
PUBLISHER: Grand View Research | PRODUCT CODE: 1268644
Waste Heat Recovery System Market Size, Share & Trends Analysis Report By Application (Pre Heating, Steam & Power Generation), By End-use (Petroleum Refinery, Chemical, Cement), By Phase System, By Region, And Segment Forecasts, 2023 - 2030
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Waste Heat Recovery System Market Growth & Trends:
The global waste heat recovery system market size is expected to reach USD 79.96 billion by 2030, registering a CAGR of 9.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising energy costs and stringent regulations concerning energy efficiency are expected to drive the global market.
Growing demand from major end-use industries, such as cement and metal production, is projected to drive the waste heat recovery system (WHRS) market. Furthermore, rising investments in emerging economies coupled with rapid developments in the construction sector are boosting the growth of this market.
Asia Pacific is expected to progress at the highest CAGR during the forecast period due to ongoing innovations in the field of industrialization. Recent years have witnessed rising demand for consistent and continuous electricity across the globe underpinned by strict emission standards, thereby encouraging product penetration. In addition, rising popularity of food processing units in conjunction with decreasing costs of low-temperature heat consumption is expected to offer a growth prospect.
Waste Heat Recovery System Market Report Highlights:
- The market revenue was valued at USD 55.40 billion in 2022 and is estimated to register a CAGR of 9.7% over the projected period.
- Asia Pacific is projected to register the fastest CAGR of 7.8% during the forecast period. China is expected to account for the maximum share of above 43% in the regional market.
- North America is projected to be the largest regional market with U.S. accounting for the major share
- Some of the key companies in the market include General Electric (GE); Siemens AG; Mitsubishi Hitachi Power Systems; Ormat Technologies; ABB Ltd.; Amec Foster Wheeler; Baker Hughes (a GE company); M.E. ENERGY Pvt. Ltd.; and Thermax Ltd.
Product Code: GVR-4-68038-466-6
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Third-Party Perspective
- 1.3.5 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation and Data Visualization
- 1.6 Data Validation and Publishing
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Renewable Power Market Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Waste Heat Recovery System Market Penetration & Growth Prospect
- 3.4 Industry value chain analysis
- 3.5 Technology Overview
- 3.5.1 Comparative Analysis with Available Technologies and Substitutes
- 3.5.2 Economizer
- 3.5.3 Waste Heat Boiler (WHB)
- 3.5.4 Heat Recovery Steam Generator (HRSG)
- 3.5.5 Absorption Chiller
- 3.5.6 Cost-Benefit Analysis
- 3.6 Regulatory Framework
- 3.6.1 Product Classification Codes
- 3.6.2 Standard & Compliances
- 3.6.3 Safety
- 3.7 Market Dynamics
- 3.7.1 Market Driver Analysis
- 3.7.2 Favorable policies and regulations
- 3.7.3 Market Restraint Analysis
- 3.7.4 High Capital Cost
- 3.7.5 Opportunity Assessment
- 3.7.6 Industry Challenges
- 3.8 WHRS Industry Analysis - Porter's
- 3.9 WHRS Industry Analysis - PESTEL analysis
- 3.10 Impact of Corona Virus on WHRS Market
- 3.10.1 Challenges
- 3.10.2 Impact Verdict - Medium
Chapter 4 Global WHRS Market: Application Estimates & Trend Analysis
- 4.1 Global WHRS Market: Application Movement Analysis, 2022 & 2030
- 4.2 Market size & forecasts and trend analysis, 2020 to 2028 for the following:
- 4.2.2 Pre-Heating
- 4.2.2.1 Global WHRS market estimates and forecasts, by PRE-HEATING Application, 2016 - 2028 (USD Billion)
- 4.2.3 Power & Steam generation
- 4.2.3.1 Global WHRS market estimates and forecasts, by POwer and steam generation Application, 2016 - 2028 (USD Billion)
- 4.2.4 Others
- 4.2.4.1 Global WHRS market estimates and forecasts, by Others Application, 2016 - 2028 (USD Billion)
- 4.2.2 Pre-Heating
Chapter 5 Global WHRS Market: End Use Estimates & Trend Analysis
- 5.1 Global WHRS Market: End Use Movement Analysis, 2022 & 2030
- 5.2 Market size & forecasts and trend analysis, 2020 to 2028 for the following:
- 5.2.1 Petroleum Refinery
- 5.2.2 Global WHRS market estimates and forecasts, by Petroleum Refinery End use, 2016 - 2028 (USD Billion)
- 5.2.3 Cement
- 5.2.4 Global WHRS market estimates and forecasts, by cement End use, 2016 - 2028 (USD Billion)
- 5.2.5 Chemical
- 5.2.6 Global WHRS market estimates and forecasts, by chemical End use, 2016 - 2028 (USD Billion)
- 5.2.7 Power
- 5.2.8 Global WHRS market estimates and forecasts, by POwer end use, 2016 - 2028 (USD Billion)
- 5.2.9 Metal Production and Casting
- 5.2.10 Global WHRS market estimates and forecasts, by Metal Production and Casting enduse, 2016 - 2028 (USD Billion)
- 5.2.11 Pulp & Paper
- 5.2.12 Global WHRS market estimates and forecasts, by Pulp & Paper end use, 2016 - 2028 (USD Billion)
- 5.2.13 Others
- 5.2.14 Global WHRS market estimates and forecasts, by others end use, 2016 - 2028 (USD Billion)
Chapter 6 Global WHRS Market: Phase System Estimates & Trend Analysis
- 6.1 Global WHRS Market: Phase System Movement Analysis, 2022 & 2030
- 6.2 Market size & forecasts and trend analysis, 2020 to 2028 for the following:
- 6.2.1 Liquid-Liquid phase system
- 6.2.2 Global WHRS market estimates and forecasts, by Liquid-liquid Phase System, 2016 - 2028 (USD Billion)
- 6.2.3 Liquid-gas phase system
- 6.2.4 Global WHRS market estimates and forecasts, by Liquid-gas Phase System, 2016 - 2028 (USD Billion)
- 6.2.5 Thermal Regeneration system
- 6.2.6 Global WHRS market estimates and forecasts, by Thermal regeneration Phase System, 2016 - 2028 (USD Billion)
Chapter 7 Global WHRS Market: Regional Estimates & Trend Analysis
- 7.1 Global WHRS Market: Regional Movement Analysis, 2022 & 2030
- 7.2 North America
- 7.2.1 North America Waste Heat Recovery System market estimates and forecasts, by Application 2018 - 2030 (USD Billion)
- 7.2.2 North America Waste Heat Recovery System market estimates and forecasts, by End user 2018 - 2030 (USD Billion)
- 7.2.3 North America Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.2.4 U.S.
- 7.2.4.1 U.S. Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.2.4.2 U.S. Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.2.4.3 U.S. Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.2.5 Canada
- 7.2.5.1 CANADA Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.2.5.2 Canada Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.2.5.3 Canada Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.2.6 Mexico
- 7.2.6.1 Mexico Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.2.6.2 Mexico Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.2.6.3 MExico Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.3 Europe
- 7.3.1 Europe Waste Heat Recovery System market estimates and forecasts, by Application 2018 - 2030 (USD Billion)
- 7.3.2 Europe Waste Heat Recovery System market estimates and forecasts, by End user 2018 - 2030 (USD Billion)
- 7.3.3 Europe Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.3.4 Italy
- 7.3.4.1 Italy Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.3.4.2 Italy Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.3.4.3 Italy Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.3.5 Germany
- 7.3.5.1 Germany Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.3.5.2 Germany Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.3.5.3 Germany Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.3.6 Spain
- 7.3.6.1 spain Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.3.6.2 Spain Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.3.6.3 Spain Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Waste Heat Recovery System market estimates and forecasts, by Application 2018 - 2030 (USD Billion)
- 7.4.2 Asia Pacific Waste Heat Recovery System market estimates and forecasts, by End user 2018 - 2030 (USD Billion)
- 7.4.3 Asia Pacific Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.4.4 China
- 7.4.4.1 China Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.4.4.2 China Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.4.4.3 China Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.4.5 Japan
- 7.4.5.1 Japan Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.4.5.2 Japan Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.4.5.3 Japan Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.4.6 India
- 7.4.6.1 India Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.4.6.2 India Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.4.6.3 India Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.5 Central & South America
- 7.5.1 Central & South America Waste Heat Recovery System market estimates and forecasts, by Application 2018 - 2030 (USD Billion)
- 7.5.2 Central & South America Waste Heat Recovery System market estimates and forecasts, by End user 2018 - 2030 (USD Billion)
- 7.5.3 Central & South America Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.5.4 Brazil
- 7.5.4.1 Brazil Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.5.4.2 Brazil Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.5.4.3 Brazil Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Waste Heat Recovery System market estimates and forecasts, by Application 2018 - 2030 (USD Billion)
- 7.6.2 Middle East & Africa Waste Heat Recovery System market estimates and forecasts, by End user 2018 - 2030 (USD Billion)
- 7.6.3 Middle East & Africa Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.6.4 Saudi Arabia
- 7.6.4.1 Saudi Arabia Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.6.4.2 Saudi Arabia Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.6.4.3 Saudi Arabia Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.6.5 UAE
- 7.6.5.1 UAE Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.6.5.2 UAE Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.6.5.3 UAE Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
- 7.6.6 South Africa
- 7.6.6.1 South Africa Waste Heat Recovery System market estimates and forecasts, by application 2018 - 2030 (USD Billion)
- 7.6.6.2 South Africa Waste Heat Recovery System market estimates and forecasts, by end user 2018 - 2030 (USD Billion)
- 7.6.6.3 South Africa Waste Heat Recovery System market estimates and forecasts, by Phase System 2018 - 2030 (USD Billion)
Chapter 8 Global WHRS Market - Competitive Landscape
- 8.1 Key Global Players, Recent Market Developments & Their Impact on the Industry
- 8.2 Vendor Landscape
- 8.2.1 List Of Key Distributors And Channel Partners
- 8.2.2 List of Potential Customers
- 8.2.3 Company Market Position Analysis
- 8.3 Public Companies
- 8.3.1 Competitive Dashboard Analysis
Chapter 9 Company Profiles
- 9.1 Siemens Energy
- 9.1.1 Company Profiles
- 9.1.2 Financial Performance
- 9.1.3 Product Benchmarking
- 9.1.4 Strategic Initiatives
- 9.2 Mitsubishi Power, Ltd.
- 9.2.1 Company Overview
- 9.2.2 Financial Performance
- 9.2.3 Product Benchmarking
- 9.2.4 Strategic Initiatives
- 9.3 GENERAL ELECTRIC
- 9.3.1 Company overview
- 9.3.2 Financial Performance
- 9.3.3 Product Benchmarking
- 9.3.4 Strategic Initiatives
- 9.4 ABB
- 9.4.1 Company Overview
- 9.4.2 Financial Performance
- 9.4.3 Product benchmarking
- 9.5 Turboden S.p.A.
- 9.5.1 Company Overview
- 9.5.2 Product Benchmarking
- 9.6 Bosch Industriekessel GmbH
- 9.6.1 Company Overview
- 9.6.2 Product Benchmarking
- 9.7 Exergy International Srl
- 9.7.1 Company Overview
- 9.7.2 Product Benchmarking
- 9.7.3 Strategic Initiatives
- 9.8 Forbes Marshall
- 9.8.1 Company Overview
- 9.8.2 Product Benchmarking
- 9.9 IHI Corporation
- 9.9.1 Company Overview
- 9.9.2 product benchmarking
- 9.9.3 Financial Performance
- 9.10 Terrapin
- 9.10.1 Company Overview
- 9.10.2 Product Benchmarking
Product Code: GVR-4-68038-466-6
List of Tables
- Table 1 Global WHRS market estimates and forecasts, by Pre-Heating Application, 2016 - 2028 (USD Billion)
- Table 2 Global WHRS market estimates and forecasts, by power and steam generation application, 2016 - 2028 (USD Billion)
- Table 3 Global WHRS market estimates and forecasts, by others application, 2016 - 2028 (USD Billion)
- Table 4 Global WHRS market estimates and forecasts, by Petroleum Refinery End use, 2016 - 2028 (USD Billion)
- Table 5 Global WHRS market estimates and forecasts, by cement end use, 2016 - 2028 (USD Billion)
- Table 6 Global WHRS market estimates and forecasts, by chemical end use, 2016 - 2028 (USD Billion)
- Table 7 Global WHRS market estimates and forecasts, by power end use, 2016 - 2028 (USD Billion)
- Table 8 Global WHRS market estimates and forecasts, by Metal Production and Casting end use, 2016 - 2028 (USD Billion)
- Table 9 Global WHRS market estimates and forecasts, by Pulp & Paper end use, 2016 - 2028 (USD Billion)
- Table 10 Global WHRS market estimates and forecasts, by others end use, 2016 - 2028 (USD Billion)
- Table 11 Global WHRS market estimates and forecasts, by Liquid-liquid Phase System 2016 - 2028 (USD Billion)
- Table 12 Global WHRS market estimates and forecasts, by liquid-gas phase system, 2016 - 2028 (USD Billion)
- Table 13 Global WHRS market estimates and forecasts, by thermal regeneration phase system, 2016 - 2028 (USD Billion)
- Table 14 North America waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 15 North America waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 16 North America waste heat recovery system market, by phase system, 2018 - 2030 (USD Billion)
- Table 17 U.S. waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 18 U.S. waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 19 U.S. waste heat recovery system market, by phase system, 2018 - 2030 (USD Billion)
- Table 20 Canada waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 21 Canada waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 22 Canada waste heat recovery system market, by phase system, 2018 - 2030 (USD Billion)
- Table 23 Mexico waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 24 Mexico waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 25 Mexico waste heat recovery system market, by phase system, 2018 - 2030 (USD Billion)
- Table 26 Europe waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 27 Europe waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 28 Europe waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 29 Italy waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 30 Italy waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 31 Italy waste heat recovery system market, by phase system, 2018 - 2030 (USD Billion)
- Table 32 Germany waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 33 Germany waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 34 Germany waste heat recovery system market, by phase system 2018 - 2030 (USD Billion)
- Table 35 Spain waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 36 Spain waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 37 Spain waste heat recovery system market, by phase system, 2018 - 2030 (USD Billion)
- Table 38 Asia Pacific waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 39 Asia Pacific waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 40 Asia Pacific waste heat recovery system market, by phase system, 2018 - 2030 (USD Billion)
- Table 41 China waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 42 China waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 43 China waste heat recovery system market, by phase system, 2018 - 2030 (USD Billion)
- Table 44 Japan waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 45 Japan. waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 46 Japan. waste heat recovery system market, by phase system, 2018 - 2030 (USD Billion)
- Table 47 India waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 48 India waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 49 India waste heat recovery system market, by phase system, 2018 - 2030 (USD Billion)
- Table 50 Central & South America waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 51 Central & South America waste heat recovery system market revenue, by end user, 2018 - 2030 (USD Billion)
- Table 52 Brazil waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 53 Brazil waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 54 Middle East & Africa waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 55 Middle East & Africa waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 56 Saudi Arabia waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 57 Saudi Arabia waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 58 UAE waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 59 UAE waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
- Table 60 South Africa waste heat recovery system market, by application, 2018 - 2030 (USD Billion)
- Table 61 South Africa waste heat recovery system market, by end user, 2018 - 2030 (USD Billion)
List of Figures
- Fig. 1 Waste Heat Recovery System Market Segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research process
- Fig. 5 Primary research approaches
- Fig. 6 Waste heat recovery system market snapshot, 2020 (USD Million)
- Fig. 7 Global renewable power generation installed capacity, 2012 - 2019 (GW)
- Fig. 10 Marker driver impact analysis
- Fig. 11 Market restrain impact analysis
- Fig. 12 Waste heat recovery system market analysis - Porter's
- Fig. 13 Waste heat recovery system market analysis - PESTEL analysis
- Fig. 14 WHRS market - Application movement analysis, 2022 & 2030 (USD Million)
- Fig. 15 WHRS market - End Use movement analysis, 2022 & 2030 (USD Million)
- Fig. 16 WHRS market - Phase System movement analysis, 2022 & 2030 (USD Million)
- Fig. 17 Global WHRS market - Regional movement analysis, 2022 & 2030 (USD Million)
- Fig. 18 Four quadrant positioning of vendors
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