Waste Heat Recovery Market

The global Waste Heat Recovery market was valued at US$ 783.9 million in 2023 and is projected to reach US$ 898.1 million by 2030, at a CAGR of 2.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global waste heat recovery key players include Kawasaki, Sinoma Energy Conservation, CITIC Heavy Industries and Thermax. Global top four manufacturers hold a share about 46%. In terms of product, steam rankine cycle is the largest segment, with a share about 80%. And in terms of application, the largest application is cement, with a share about 33%.

Waste Heat Recovery System is an economic method to increase the overall efficiency of the plant and, thus, to lower fuel demand. The largest sources of waste heat for most industries are exhaust and flue gases and heated air from heating systems such as high-temperature gases from burners in process heating; lower temperature gases from heat treating furnaces, dryers, and heaters; and heat from heat exchangers, cooling liquids, and gases.

Waste Heat Recovery Market aims to provide a comprehensive presentation of the global market for Waste Heat Recovery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Waste Heat Recovery. Waste Heat Recovery Market contains market size and forecasts of Waste Heat Recovery in global, including the following market information:

• Global Waste Heat Recovery Market Revenue, 2019-2024, 2025-2030, ($ millions)
• Global Waste Heat Recovery Market Sales, 2019-2024, 2025-2030, (MW)
• Global top five Waste Heat Recovery companies in 2023 (%)

We has surveyed the Waste Heat Recovery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Waste Heat Recovery Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (MW)

Global Waste Heat Recovery Market Segment Percentages, by Type, 2023 (%)

• Steam Rankine Cycle
• Organic Rankine Cycle

• Power Generation
• Heat and Steam Generation
• Preheating
• Others

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

• Key companies Waste Heat Recovery revenues in global market, 2019-2024 (Estimated), ($ millions)
• Key companies Waste Heat Recovery revenues share in global market, 2023 (%)
• Key companies Waste Heat Recovery sales in global market, 2019-2024 (Estimated), (MW)
• Key companies Waste Heat Recovery sales share in global market, 2023 (%)

• Sinoma Energy Conservation
• Kawasaki
• CITIC Heavy Industries
• Thermax
• Turboden
• Kesen Kenen
• Boustead International Heaters
• Exergy International
• Orcan
• Enertime
• ElectraTherm
• Climeon

Outline of Major Chapters:

Chapter 1: Introduces the definition of Waste Heat Recovery, market overview.

Chapter 2: Global Waste Heat Recovery market size in revenue and volume.

Chapter 3: Detailed analysis of Waste Heat Recovery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Waste Heat Recovery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Waste Heat Recovery capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.