Waste Heat Recovery System Market size was valued at USD 70.83 Bn. in 2023 and the total Waste Heat Recovery System revenue is expected to grow by 7% from 2024 to 2030, reaching nearly USD 113.8 Bn.
Waste Heat Recovery System Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Waste Heat Recovery System Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Waste Heat Recovery System Market.
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Waste Heat Recovery System Market Scope and Methodology:
The Waste Heat Recovery System Market requires a mix of both qualitative and quantitative research methods. Waste Heat Recovery System Market information is gathered through different research methods including expert advice, primary and secondary research, both qualitative and quantitative. Primary research gathers important data from interviews, surveys, questionnaires, and input from industry experts, customers and other sources either in person or over the phone.
The report provides in-depth analysis on different strategies used by leading companies, such as partnerships, mergers, acquisitions, and collaborations. The report conducted a SWOT analysis to evaluate the company's market position through identifying its strengths, weaknesses, opportunities, and threats. Analytical techniques, such as examining investment returns, conducting a feasibility study, and using Porter's five forces analysis, were employed to assess the Waste Heat Recovery System market. The bottom-up approach was used to determine the global and regional Waste Heat Recovery System market sizes.
Waste Heat Recovery System Market Regional Insights:
The Waste Heat Recovery System Market report is segmented into various key countries. Countries such as North America (United States, Canada, Mexico), Europe (United Kingdom, Germany, France, Spain, Italy, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN countries, other APAC countries), South America (Brazil), and the Middle East and Africa.
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Waste Heat Recovery System Market Segmentation:
by Technology
Steam Rankine Cycle Systems
Organic Rankine Cycle Systems
Kalina Cycle Systems
Thermoelectric Generators
Others
by Application
Preheating
Steam and Electricity Generation
Power Generation
Other
Power and steam generation dominated the waste heat recovery system market due to growing global demand. The use of WHRS for power and steam generation will increase as a result of rising electricity prices and continuous efforts to lower GHG emissions. The segment is growing as a result of increased demand for on-site power generation and an emphasis on plant efficiency.
by End User
Petroleum Refining
Metal Manufacturing
Cement Industry
Chemical Industry
Oil & Gas Industry
Paper & Pulp
Textile
The market share of waste heat recovery systems in 2023 was highest in the petroleum refinery segment. Due to a rise in drilling activity, it is anticipated to grow at the quickest CAGR throughout the projection period. In this sector, WHR systems are employed for processes like catalytic treatment, thermal cracking, and refinement.
Waste Heat Recovery System Market Key Players:
North America
1. General Electric Company (US)
2. Cool Energy Inc.(US)
3. General Electric Co. (US)
4. Echogen Power Systems Inc. (US)
5. Promec Engineering (US)
6. Ormat Technologies (US)
Europe
1. Amec Foster Wheeler (UK) (Now part of Wood Plc)
2. Boustead International Heaters (UK)
3. Siemens AG (Germany)
4. ABB Ltd. (Switzerland)
Asia Pacific
1. Harbin Electric International Company Ltd (China)
2. Dongfang Electric Corporation (China)
3. China Energy Recovery (China)
4. Mitsubishi Hitachi Power Systems (Japan)
5. Mitsubishi Heavy Industries Ltd. (Japan)
6. Endotherm Ltd. (India)
7. Thermax Limited (India)
8. Forbes Marshall (India)
Africa
1. Terrapin (South Africa)
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Key questions answered in the Waste Heat Recovery System Market are:
- What is Waste Heat Recovery System ?
- What is the growth rate of the Waste Heat Recovery System Market?
- Which are the factors expected to drive the Waste Heat Recovery System Market growth?
- What are the upcoming opportunities and trends for the Waste Heat Recovery System Market?
- Who are the leading companies and what are their portfolios in Waste Heat Recovery System Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Waste Heat Recovery System Market?
- Who are the key players in the Waste Heat Recovery System Market?
- What are the different segments of the Waste Heat Recovery System Market?
- Which is the fastest growing region in the Waste Heat Recovery System Market?
- What growth strategies are the players considering to increase their presence in Waste Heat Recovery System ?
- What is the CAGR at which the Waste Heat Recovery System Market will grow during the forecast period?
- What segments are covered in the Waste Heat Recovery System Market?
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-waste-heat-recovery-system-market/14979/
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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