The Waste Heat Recovery System Market size was estimated at USD 76.77 billion in 2022 and expected to reach USD 82.89 billion in 2023, at a CAGR 8.38% to reach USD 146.23 billion by 2030.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Waste Heat Recovery System Market.

  • 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 an indispensable tool for assessing the Waste Heat Recovery System Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Waste Heat Recovery System Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Waste Heat Recovery System Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Air Squared, Inc., Alfa Laval AB, Alstom SA, Anguil Environmental Systems, Inc., Astec Industries, Inc., AURA GmbH & Co. KG, Borsig GmbH, Bosch Industriekessel GmbH, Boustead International Heaters Limited, Cain Industries Inc., Cannon Bono Energia, Catalytic Products International, China Energy Recovery Inc., Clayton Industries, Cummins Inc., Echogen Power Systems, Econotherm Limited, Enerquip Thermal Solutions, Epcon Industrial Systems, Inc., Exergy International Srl, Exodraft A/S, Forbes Marshall, GEA Group AG, General Electric Company, Gulf Coast Green Energy, HeatMatrix Group B.V., IHI Corporation, Industrial Boilers America, James Resources, LLC, John Wood Group PLC, Kawasaki Heavy Industries, Ltd., KNM Group, Larsen & Toubro Limited, Matthews Environmental Solutions, Mitsubishi Heavy Industries, Ltd., Muhibbah Engineering (M) Bhd., Munters Corporation, Nacah Tech LLC, Ormat Technologies, Inc., Penn Separator Corp., Procedyne Corp., Promec Engineering, Siemens AG, Sigma Thermal Inc., Somas Instrument AB, Terrapin Geothermics, Thermal Fluid Systems, Inc., Thermax Limited, and W. Baelz & Sohn GmbH & Co..

The report offers valuable insights on the following aspects:

  1. Market Penetration: It provides comprehensive information about key players’ market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast for the Waste Heat Recovery System Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Waste Heat Recovery System Market?
  3. What is the competitive strategic window for identifying opportunities in the Waste Heat Recovery System Market?
  4. What are the latest technology trends and regulatory frameworks in the Waste Heat Recovery System Market?
  5. What is the market share of the leading vendors in the Waste Heat Recovery System Market?
  6. Which modes and strategic moves are suitable for entering the Waste Heat Recovery System Market?