Waste Heat Recovery System Market by Type, Component, Temperature, Application, End-Use - Russia Ukraine Conflict and High Inflation

Description

List of Tables

The Global Waste Heat Recovery System Market is forecasted to grow significantly, with a projected USD 82.89 billion in 2023 at a CAGR of 8.38% and expected to reach a staggering USD 146.23 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Waste Heat Recovery System Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global 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 Solutions commanded largest market share of 87.29% in 2022, followed by Services.

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 Air Preheaters commanded largest market share of 22.78% in 2022, followed by Economisers.

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) commanded largest market share of 48.70% in 2022, followed by Medium Temperature (450°F - 1,200°F).

Based on Application, market is studied across Pre Heating and Steam & Power Generation. The Steam & Power Generation commanded largest market share of 73.42% in 2022, followed by Pre Heating.

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 Petroleum Refining commanded largest market share of 20.03% in 2022, followed by Metal Production.

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 Americas commanded largest market share of 38.88% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global 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 a particular market space. 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.

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. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. 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 Global Waste Heat Recovery System Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Waste Heat Recovery System Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Waste Heat Recovery System Market?

4. What is the competitive strategic window for opportunities in the Global Waste Heat Recovery System Market?

5. What are the technology trends and regulatory frameworks in the Global Waste Heat Recovery System Market?

6. What is the market share of the leading vendors in the Global Waste Heat Recovery System Market?

7. What modes and strategic moves are considered suitable for entering the Global Waste Heat Recovery System Market?

Product Code: MRR-957C47F943D6

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Waste Heat Recovery System Market, by Type, 2022 vs 2030
4.3. Waste Heat Recovery System Market, by Component, 2022 vs 2030
4.4. Waste Heat Recovery System Market, by Temperature, 2022 vs 2030
4.5. Waste Heat Recovery System Market, by Application, 2022 vs 2030
4.6. Waste Heat Recovery System Market, by End-Use, 2022 vs 2030
4.7. Waste Heat Recovery System Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing electricity consumption and rising use of waste heat recovery system in power generation
  - 5.1.1.2. Favorable government initiatives for waste heat recovery technologies
  - 5.1.1.3. Emerging adoption of waste heat recovery systems in chemical, metal production, and food industries
- 5.1.2. Restraints
  - 5.1.2.1. High cost of implementing the waste heat recovery process for small-scale operations
- 5.1.3. Opportunities
  - 5.1.3.1. Surging research and development activities for optimizing existing heat recovery technologies
  - 5.1.3.2. Rising investments in system development and new product innovations for waste heat recovery technologies
- 5.1.4. Challenges
  - 5.1.4.1. Concerns related to temperature restrictions and transportation
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Waste Heat Recovery System Market, by Type

6.1. Introduction
6.2. Services
6.3. Solutions

7. Waste Heat Recovery System Market, by Component

7.1. Introduction
7.2. Air Preheaters
7.3. Economisers
7.4. Heat Pipe Systems
7.5. Heat Pumps
7.6. Heat Recovery Steam Generator
7.7. Regenerative & Recuperative Burners
7.8. Waste Heat Boilers

8. Waste Heat Recovery System Market, by Temperature

8.1. Introduction
8.2. High Temperature (More than 1,200°F)
8.3. Low Temperature (Less than 450°F)
8.4. Medium Temperature (450°F - 1,200°F)

9. Waste Heat Recovery System Market, by Application

9.1. Introduction
9.2. Pre Heating
9.3. Steam & Power Generation

10. Waste Heat Recovery System Market, by End-Use

10.1. Introduction
10.2. Ceramic Manufacturing
10.3. Chemical Processing
10.4. Construction Material Manufacturing
10.5. Energy & Utility
10.6. Food Processing
10.7. Metal Production
10.8. Petroleum Refining

11. Americas Waste Heat Recovery System Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Waste Heat Recovery System Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Waste Heat Recovery System Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
  - 14.3.1.1. Mutares has completed the acquisition of Heat Transfer Technology (NEM Energy) from Siemens Energy B.V.
- 14.3.2. Agreement, Collaboration, & Partnership
  - 14.3.2.1. Kyoto & Alfa Laval sign letter of intent
  - 14.3.2.2. Siemens Energy Seals Deal for Hydrogen-Ready Coal-to-Gas Switch
  - 14.3.2.3. AGC and E.ON deepen partnership with project for waste heat recovery
  - 14.3.2.4. CETY announces new strategic partnership with Enertime to offer a wider range of Heat Recovery Solutions in the North American Market Place
- 14.3.3. New Product Launch & Enhancement
  - 14.3.3.1. Climeon Launches New Waste Heat Recovery Technology
  - 14.3.3.2. Mitsubishi develops binary power generation system
  - 14.3.3.3. Alfa Laval E-PowerPack Converts Waste Heat into Power
- 14.3.4. Award, Recognition, & Expansion
  - 14.3.4.1. Nuh Cimento to expand waste heat recovery unit at Hereke cement plant
  - 14.3.4.2. ADNOC's waste heat recovery project nears phase 1 completion
  - 14.3.4.3. Vedanta to modify design of waste heat recovery plant in Goa

15. List of Company Mentioned

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing

1. ABB Ltd.

2. Air Squared, Inc.

3. Alfa Laval AB

4. Alstom SA

5. Anguil Environmental Systems, Inc.

6. Astec Industries, Inc.

7. AURA GmbH & Co. KG

8. Borsig GmbH

9. Bosch Industriekessel GmbH

10. Boustead International Heaters Limited

11. Cain Industries Inc.

12. Cannon Bono Energia

13. Catalytic Products International

14. China Energy Recovery Inc.

15. Clayton Industries

16. Cummins Inc.

17. Echogen Power Systems

18. Econotherm Limited

19. Enerquip Thermal Solutions

20. Epcon Industrial Systems, Inc.

21. Exergy International Srl

22. Exodraft A/S

23. Forbes Marshall

24. GEA Group AG

25. General Electric Company

26. Gulf Coast Green Energy

27. HeatMatrix Group B.V.

28. IHI Corporation

29. Industrial Boilers America

30. James Resources, LLC

31. John Wood Group PLC

32. Kawasaki Heavy Industries, Ltd.

33. KNM Group

34. Larsen & Toubro Limited

35. Matthews Environmental Solutions

36. Mitsubishi Heavy Industries, Ltd.

37. Muhibbah Engineering (M) Bhd.

38. Munters Corporation

39. Nacah Tech LLC

40. Ormat Technologies, Inc.

41. Penn Separator Corp.

42. Procedyne Corp.

43. Promec Engineering

44. Siemens AG

45. Sigma Thermal Inc.

46. Somas Instrument AB

47. Terrapin Geothermics

48. Thermal Fluid Systems, Inc.

49. Thermax Limited

50. W. Baelz & Sohn GmbH & Co.