Table of Content

1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 30
1.2.1 INCLUSIONS AND EXCLUSIONS 31
TABLE 1 END-USE INDUSTRIES CONSIDERED IN REPORT 31
1.3 STUDY SCOPE 31
FIGURE 1 WASTE HEAT RECOVERY SYSTEM MARKET SEGMENTATION 31
1.3.1 REGIONS COVERED 32
1.4 YEARS CONSIDERED 32
1.5 CURRENCY CONSIDERED 33
1.6 LIMITATIONS 33
1.7 STAKEHOLDERS 33
1.8 SUMMARY OF CHANGES 33
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 2 WASTE HEAT RECOVERY SYSTEM MARKET: RESEARCH DESIGN 34
2.1.1 SECONDARY DATA 34
2.1.1.1 Key data from secondary sources 35
2.1.2 PRIMARY DATA 35
2.1.2.1 Key data from primary sources 36
2.1.2.2 Key industry insights 36
2.1.2.3 Breakdown of primary interviews 37
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS 37
2.2 MARKET SIZE ESTIMATION 37
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 38
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 38
2.3 DATA TRIANGULATION 39
FIGURE 6 WASTE HEAT RECOVERY SYSTEM MARKET: DATA TRIANGULATION 39
2.4 RESEARCH ASSUMPTIONS 40
2.5 RESEARCH LIMITATIONS 40
2.6 GROWTH RATE ASSUMPTIONS 40
2.7 RECESSION IMPACT 41
3 EXECUTIVE SUMMARY 42
FIGURE 7 STEAM & ELECTRICITY GENERATION APPLICATION DOMINATED WASTE HEAT RECOVERY SYSTEM MARKET IN 2021 42
FIGURE 8 PETROLEUM REFINING WAS LARGEST END-USE INDUSTRY OF WASTE HEAT RECOVERY SYSTEMS IN 2021 43
FIGURE 9 EUROPE WAS LARGEST WASTE HEAT RECOVERY SYSTEM MARKET IN 2021 44
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WASTE HEAT RECOVERY SYSTEM MARKET 45
FIGURE 10 INCREASING DEMAND FROM END-USE INDUSTRIES TO DRIVE MARKET 45
4.2 EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET, BY COUNTRY AND APPLICATION, 2021 45
FIGURE 11 GERMANY AND STEAM & ELECTRICITY GENERATION SEGMENT ACCOUNTED FOR LARGEST SHARES 45
4.3 WASTE HEAT RECOVERY SYSTEM MARKET, BY END-USE INDUSTRY 46
FIGURE 12 PETROLEUM REFINING SEGMENT TO REGISTER FASTEST GROWTH BETWEEN 2022 AND 2027 46
4.4 WASTE HEAT RECOVERY SYSTEM MARKET, BY APPLICATION 46
FIGURE 13 PREHEATING TO REGISTER HIGHEST CAGR BETWEEN 2022 AND 2027 46
4.5 WASTE HEAT RECOVERY SYSTEM MARKET, BY KEY COUNTRIES 47
FIGURE 14 CHINA TO BE FASTEST-GROWING MARKET 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 48
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN WASTE HEAT RECOVERY SYSTEM MARKET 49
5.2.1 DRIVERS 49
5.2.1.1 Increasing need for energy-efficient systems 49
5.2.1.2 Growing environmental concerns 50
5.2.2 RESTRAINTS 50
5.2.2.1 High capital investment 50
5.2.3 OPPORTUNITIES 50
5.2.3.1 Increasing demand for waste heat recovery systems in preheating segment 50
5.2.3.2 Rise in government incentives and emerging waste heat recovery system technologies 51
5.2.4 CHALLENGES 51
5.2.4.1 Issues associated with waste heat recovery systems 51
6 INDUSTRY TRENDS 52
6.1 PORTER’S FIVE FORCES ANALYSIS 52
FIGURE 16 PORTER’S FIVE FORCES ANALYSIS OF WASTE HEAT RECOVERY SYSTEM MARKET 52
TABLE 2 IMPACT OF PORTER’S FIVE FORCES ON WASTE HEAT RECOVERY SYSTEM MARKET 53
6.1.1 THREAT OF NEW ENTRANTS 53
6.1.2 THREAT OF SUBSTITUTES 53
6.1.3 BARGAINING POWER OF SUPPLIERS 53
6.1.4 BARGAINING POWER OF BUYERS 54
6.1.5 INTENSITY OF COMPETITIVE RIVALRY 54
6.2 SUPPLY CHAIN ANALYSIS 54
6.3 TRADE ANALYSIS 55
TABLE 3 BOILER, STEAM, OR OTHER VAPOR GENERATING (OTHER THAN CENTRAL HEATING HOT WATER BOILERS, ALSO CAPABLE OF PRODUCING LOW PRESSURE STEAM) SUPERHEATED WATER BOILER (8402) IMPORTS, BY COUNTRY, 2021 55
TABLE 4 BOILER, STEAM, OR OTHER VAPOR GENERATING (OTHER THAN CENTRAL HEATING HOT WATER BOILERS, ALSO CAPABLE OF PRODUCING LOW PRESSURE STEAM) SUPERHEATED WATER BOILER (8402) EXPORTS, BY COUNTRY 2021 56
TABLE 5 HEAT EXCHANGE UNIT (NOT USED FOR DOMESTIC PURPOSES) (841950) IMPORTS, BY COUNTRY, 2021 56
TABLE 6 HEAT EXCHANGE UNIT (NOT USED FOR DOMESTIC PURPOSES) (841950) EXPORTS, BY COUNTRY, 2021 57
TABLE 7 TURBINE, STEAM, AND OTHER VAPOR TURBINE (8406) IMPORTS, BY COUNTRY, 2021 58
TABLE 8 TURBINE, STEAM, AND OTHER VAPOR TURBINE (8406) EXPORTS, BY COUNTRY, 2021 58
6.4 TECHNOLOGY ANALYSIS 59
6.5 REGULATORY LANDSCAPE 60
TABLE 9 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 60
6.6 CASE STUDIES 61
TABLE 10 MULTI-STAGE HEAT RECOVERY SYSTEMS FOR ENHANCED SAVINGS 61
TABLE 11 WASTE HEAT RECOVERY IN SINTER PLANTS FOR ENERGY EFFICIENCY 61
6.7 TRENDS/DISRUPTIONS IMPACTING BUYERS/CUSTOMERS 61
FIGURE 17 SHIFT FROM TRADITIONAL RAW MATERIALS TO SUSTAINABLE ONES 62
6.8 KEY CONFERENCES AND EVENTS, 2022–2023 62
TABLE 12 WASTE HEAT RECOVERY SYSTEM MARKET: KEY CONFERENCES AND EVENTS, 2022–2023 62
6.9 PRICING ANALYSIS 63
6.9.1 CHANGES IN PRICING IN 2021 63
6.10 ECOSYSTEM MAP 64
FIGURE 18 ECOSYSTEM MAP 64
6.11 PATENT ANALYSIS 64
6.11.1 INTRODUCTION 64
6.11.2 METHODOLOGY 64
6.11.3 DOCUMENT TYPE 65
FIGURE 19 DOCUMENT TYPE, 2018–2022 65
FIGURE 20 PUBLICATION TRENDS, 2018–2022 65
6.11.4 INSIGHTS 65
FIGURE 21 JURISDICTION ANALYSIS, 2018–2022 66
6.11.5 TOP APPLICANTS 66
FIGURE 22 TOP APPLICANTS, BY NUMBER OF PATENTS, 2018–2022 66
TABLE 13 LIST OF PATENTS 67
7 WASTE HEAT RECOVERY SYSTEM MARKET, BY APPLICATION 68
7.1 INTRODUCTION 69
FIGURE 23 WASTE HEAT RECOVERY SYSTEM MARKET, BY APPLICATION 69
TABLE 14 WASTE HEAT SOURCES AND RELATED RECOVERY OPPORTUNITIES AT LOW TEMPERATURES (<230?C/446?F) 70
TABLE 15 WASTE HEAT SOURCES AND RELATED RECOVERY OPPORTUNITIES AT MEDIUM TEMPERATURES (230?C–650?C/446-1,202?F) 70
TABLE 16 WASTE HEAT SOURCES AND RELATED RECOVERY OPPORTUNITIES AT HIGH TEMPERATURES (>650?C/1,202?F) 71
FIGURE 24 STEAM & ELECTRICITY GENERATION TO BE LARGEST APPLICATION SEGMENT 72
TABLE 17 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 72
TABLE 18 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 72
7.2 PREHEATING 73
TABLE 19 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN PREHEATING APPLICATION, BY REGION, 2017–2020 (USD MILLION) 73
TABLE 20 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN PREHEATING APPLICATION, BY REGION, 2021–2027 (USD MILLION) 73
7.3 STEAM & ELECTRICITY GENERATION 74
7.3.1 STEAM GENERATION 74
7.3.2 ELECTRICITY GENERATION 74
7.3.2.1 Steam Rankine cycle 74
7.3.2.2 Organic Rankine cycle (ORC) 75
7.3.2.3 Kalina cycle 75
TABLE 21 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN STEAM & ELECTRICITY GENERATION APPLICATION, BY REGION, 2017–2020 (USD MILLION) 75
TABLE 22 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN STEAM & ELECTRICITY GENERATION APPLICATION, BY REGION, 2021–2027 (USD MILLION) 75
7.4 OTHERS 76
TABLE 23 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 76
TABLE 24 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2021–2027 (USD MILLION) 76
8 WASTE HEAT RECOVERY SYSTEM MARKET, BY END-USE INDUSTRY 77
8.1 INTRODUCTION 78
FIGURE 25 PETROLEUM REFINING END-USE INDUSTRY TO LEAD MARKET BETWEEN 2022 AND 2027 78
TABLE 25 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 78
TABLE 26 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 79
8.2 PETROLEUM REFINING 79
TABLE 27 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN PETROLEUM REFINING END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 79
TABLE 28 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN PETROLEUM REFINING END-USE INDUSTRY, BY REGION, 2021–2027 (USD MILLION) 80
8.3 METAL PRODUCTION 80
TABLE 29 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN METAL PRODUCTION END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 80
TABLE 30 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN METAL PRODUCTION END-USE INDUSTRY, BY REGION, 2021–2027 (USD MILLION) 81
8.4 CEMENT 81
TABLE 31 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN CEMENT END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 81
TABLE 32 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN CEMENT END-USE INDUSTRY, BY REGION, 2021–2027 (USD MILLION) 82
8.5 CHEMICALS 82
TABLE 33 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN CHEMICALS END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 83
TABLE 34 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN CHEMICALS END-USE INDUSTRY, BY REGION, 2021–2027 (USD MILLION) 83
8.6 PULP & PAPER 83
TABLE 35 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN PULP & PAPER END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION) 84
TABLE 36 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN PULP & PAPER END-USE INDUSTRY, BY REGION, 2021–2027 (USD MILLION) 84
8.7 OTHERS 84
TABLE 37 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (USD MILLION) 84
TABLE 38 WASTE HEAT RECOVERY SYSTEM MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2027 (USD MILLION) 85
9 REGIONAL ANALYSIS 86
9.1 INTRODUCTION 87
FIGURE 26 CHINA TO BE FASTEST-GROWING MARKET 87
TABLE 39 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 88
TABLE 40 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY REGION, 2021–2027 (USD MILLION) 88
9.2 NORTH AMERICA 88
9.2.1 NORTH AMERICA: RECESSION IMPACT 89
TABLE 41 NORTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 89
TABLE 42 NORTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 89
TABLE 43 NORTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 90
TABLE 44 NORTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 90
TABLE 45 NORTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 90
TABLE 46 NORTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 91
9.2.2 US 91
9.2.2.1 Largest producer and user of energy in world 91
TABLE 47 US: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 92
TABLE 48 US: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 92
TABLE 49 US: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 92
TABLE 50 US: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 93
9.2.3 CANADA 93
9.2.3.1 Market characterized by strict emission laws 93
TABLE 51 CANADA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 93
TABLE 52 CANADA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 94
TABLE 53 CANADA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 94
TABLE 54 CANADA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 94
9.2.4 MEXICO 95
9.2.4.1 Fastest-growing market in region 95
TABLE 55 MEXICO: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 95
TABLE 56 MEXICO: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 95
TABLE 57 MEXICO: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 96
TABLE 58 MEXICO: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 96
9.3 EUROPE 96
9.3.1 EUROPE: RECESSION IMPACT 97
FIGURE 27 EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SNAPSHOT 98
TABLE 59 EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 99
TABLE 60 EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 99
TABLE 61 EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 100
TABLE 62 EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 100
TABLE 63 EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 100
TABLE 64 EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 101
9.3.2 GERMANY 101
9.3.2.1 Major exporter of machinery, vehicles, and chemicals 101
TABLE 65 GERMANY: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 101
TABLE 66 GERMANY: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 102
TABLE 67 GERMANY: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 102
TABLE 68 GERMANY: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 102
9.3.3 ITALY 103
9.3.3.1 Third-largest manufacturer of chemicals in Europe 103
TABLE 69 ITALY: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 103
TABLE 70 ITALY: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 103
TABLE 71 ITALY: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 104
TABLE 72 ITALY: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 104
9.3.4 FRANCE 104
9.3.4.1 Focused on sustainability and energy efficiency to address environmental concerns 104
TABLE 73 FRANCE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 105
TABLE 74 FRANCE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 105
TABLE 75 FRANCE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 105
TABLE 76 FRANCE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 106
9.3.5 UK 106
9.3.5.1 Promising market for waste heat recovery systems 106
TABLE 77 UK: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 106
TABLE 78 UK: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 106
TABLE 79 UK: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 107
TABLE 80 UK: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 107
9.3.6 BELGIUM 107
9.3.6.1 EPC program to encourage installation of waste heat recovery systems 107
TABLE 81 BELGIUM: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 108
TABLE 82 BELGIUM: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 108
TABLE 83 BELGIUM: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 108
TABLE 84 BELGIUM: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 109
9.3.7 SWEDEN 109
9.3.7.1 Committed to undertaking energy-saving initiatives 109
TABLE 85 SWEDEN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 109
TABLE 86 SWEDEN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 110
TABLE 87 SWEDEN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 110
TABLE 88 SWEDEN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 110
9.3.8 RUSSIA 111
9.3.8.1 Focused on energy conservation 111
TABLE 89 RUSSIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 111
TABLE 90 RUSSIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 111
TABLE 91 RUSSIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 112
TABLE 92 RUSSIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 112
9.3.9 POLAND 112
9.3.9.1 Aimed at reducing greenhouse gas emissions 112
TABLE 93 POLAND: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 113
TABLE 94 POLAND: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 113
TABLE 95 POLAND: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 113
TABLE 96 POLAND: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 114
9.3.10 SPAIN 114
9.3.10.1 Focused on transitioning to low-carbon economy 114
TABLE 97 SPAIN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 114
TABLE 98 SPAIN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 115
TABLE 99 SPAIN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 115
TABLE 100 SPAIN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 115
9.3.11 REST OF EUROPE 116
TABLE 101 REST OF EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 116
TABLE 102 REST OF EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 116
TABLE 103 REST OF EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 117
TABLE 104 REST OF EUROPE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 117
9.4 ASIA PACIFIC 117
9.4.1 ASIA PACIFIC: RECESSION IMPACT 118
FIGURE 28 ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SNAPSHOT 119
TABLE 105 ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 119
TABLE 106 ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 120
TABLE 107 ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 120
TABLE 108 ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 120
TABLE 109 ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 121
TABLE 110 ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 121
9.4.2 CHINA 121
9.4.2.1 Largest market in Asia Pacific 121
TABLE 111 CHINA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 122
TABLE 112 CHINA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 122
TABLE 113 CHINA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 122
TABLE 114 CHINA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 123
9.4.3 INDIA 123
9.4.3.1 Promising market for waste heat recovery system technology 123
TABLE 115 INDIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 123
TABLE 116 INDIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 124
TABLE 117 INDIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 124
TABLE 118 INDIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 124
9.4.4 JAPAN 125
9.4.4.1 Energy Conservation Act mandates major firms to employ energy-saving measures 125
TABLE 119 JAPAN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 125
TABLE 120 JAPAN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 125
TABLE 121 JAPAN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 126
TABLE 122 JAPAN: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 126
9.4.5 SOUTH KOREA 126
9.4.5.1 Renewable Energy 3020 to boost use of renewable energy sources 126
TABLE 123 SOUTH KOREA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 127
TABLE 124 SOUTH KOREA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 127
TABLE 125 SOUTH KOREA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 127
TABLE 126 SOUTH KOREA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 128
9.4.6 INDONESIA 128
9.4.6.1 Renewable Portfolio Standard mandates electricity retailers to source power from renewable sources 128
TABLE 127 INDONESIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 129
TABLE 128 INDONESIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 129
TABLE 129 INDONESIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 129
TABLE 130 INDONESIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 130
9.4.7 REST OF ASIA PACIFIC 130
TABLE 131 REST OF ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 130
TABLE 132 REST OF ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 131
TABLE 133 REST OF ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 131
TABLE 134 REST OF ASIA PACIFIC: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 131
9.5 MIDDLE EAST & AFRICA 132
9.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 132
TABLE 135 MIDDLE EAST & AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 132
TABLE 136 MIDDLE EAST & AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 132
TABLE 137 MIDDLE EAST & AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 133
TABLE 138 MIDDLE EAST & AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 133
TABLE 139 MIDDLE EAST & AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 133
TABLE 140 MIDDLE EAST & AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 134
9.5.2 KINGDOM OF SAUDI ARABIA (KSA) 134
9.5.2.1 Energy Efficiency and Renewable Energy Initiative to promote use of energy-efficient technologies 134
TABLE 141 KINGDOM OF SAUDI ARABIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 135
TABLE 142 KINGDOM OF SAUDI ARABIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 135
TABLE 143 KINGDOM OF SAUDI ARABIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 135
TABLE 144 KINGDOM OF SAUDI ARABIA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 136
9.5.3 SOUTH AFRICA 136
9.5.3.1 Various government initiatives to support development of clean energy technologies 136
TABLE 145 SOUTH AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 136
TABLE 146 SOUTH AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 137
TABLE 147 SOUTH AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 137
TABLE 148 SOUTH AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 137
9.5.4 UAE 138
9.5.4.1 Dynamic market with significant growth potential 138
TABLE 149 UAE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 138
TABLE 150 UAE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 138
TABLE 151 UAE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 139
TABLE 152 UAE: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 139
9.5.5 REST OF MIDDLE EAST & AFRICA 139
TABLE 153 REST OF MIDDLE EAST & AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 140
TABLE 154 REST OF MIDDLE EAST & AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 140
TABLE 155 REST OF MIDDLE EAST & AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 140
TABLE 156 REST OF MIDDLE EAST & AFRICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 141
9.6 SOUTH AMERICA 141
9.6.1 SOUTH AMERICA: RECESSION IMPACT 141
TABLE 157 SOUTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 142
TABLE 158 SOUTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION) 142
TABLE 159 SOUTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 142
TABLE 160 SOUTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 143
TABLE 161 SOUTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 143
TABLE 162 SOUTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 143
9.6.2 BRAZIL 144
9.6.2.1 Market in early stage of development 144
TABLE 163 BRAZIL: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 144
TABLE 164 BRAZIL: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 144
TABLE 165 BRAZIL: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 145
TABLE 166 BRAZIL: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 145
9.6.3 ARGENTINA 145
9.6.3.1 Major producer of oil and natural gas in region 145
TABLE 167 ARGENTINA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 146
TABLE 168 ARGENTINA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 146
TABLE 169 ARGENTINA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 146
TABLE 170 ARGENTINA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 147
9.6.4 REST OF SOUTH AMERICA 147
TABLE 171 REST OF SOUTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 147
TABLE 172 REST OF SOUTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION) 147
TABLE 173 REST OF SOUTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION) 148
TABLE 174 REST OF SOUTH AMERICA: WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END-USE INDUSTRY, 2021–2027 (USD MILLION) 148
10 COMPETITIVE LANDSCAPE 149
10.1 INTRODUCTION 149
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 149
TABLE 175 OVERVIEW OF STRATEGIES ADOPTED BY WASTE HEAT RECOVERY SYSTEM MANUFACTURERS 149
10.2.1 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2021 150
TABLE 176 WASTE HEAT RECOVERY SYSTEM MARKET: SHARE OF KEY PLAYERS 151
FIGURE 29 WASTE HEAT RECOVERY SYSTEM: MARKET SHARE ANALYSIS 151
10.3 STRATEGIES ADOPTED BY KEY PLAYERS 152
TABLE 177 WASTE HEAT RECOVERY SYSTEM MARKET: STRATEGIC POSITIONING OF KEY PLAYERS 152
10.4 COMPANY EVALUATION QUADRANT 153
10.4.1 STARS 153
10.4.2 PERVASIVE PLAYERS 153
10.4.3 EMERGING LEADERS 153
10.4.4 PARTICIPANTS 153
FIGURE 30 WASTE HEAT RECOVERY SYSTEM MARKET: COMPANY EVALUATION QUADRANT, 2021 154
10.5 START-UP/SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION QUADRANT 155
10.5.1 RESPONSIVE COMPANIES 155
10.5.2 DYNAMIC COMPANIES 155
10.5.3 STARTING BLOCKS 155
10.5.4 PROGRESSIVE COMPANIES 155
FIGURE 31 START-UP AND SMALL AND MEDIUM-SIZED ENTERPRISE (SMES) EVALUATION MATRIX, 2021 156
10.6 REVENUE ANALYSIS OF TOP PLAYERS 156
10.7 COMPETITIVE BENCHMARKING 157
TABLE 178 WASTE HEAT RECOVERY SYSTEM MARKET: DETAILED LIST OF KEY PLAYERS 157
TABLE 179 WASTE HEAT RECOVERY SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS 158
10.8 COMPETITIVE SITUATION AND TRENDS 159
10.8.1 DEALS 159
TABLE 180 WASTE HEAT RECOVERY SYSTEM MARKET: DEALS, 2019–2022 159
10.8.2 OTHER DEVELOPMENTS 161
TABLE 181 WASTE HEAT RECOVERY SYSTEM MARKET: OTHER DEVELOPMENTS, 2019–2022 161
11 COMPANY PROFILES 167
(Business overview, Products/Solutions/Services offered