Waste heat recovery is the process of “heat integration”, that is, reusing heat energy that would otherwise be disposed of or simply released into the atmosphere. By recovering waste heat, plants can reduce energy costs and CO2 emissions, while simultaneously increasing energy efficiency.
Waste heat to power (WHP) is the process of capturing heat discarded by an existing industrial process and using that heat to generate power. Energy intensive industrial processes—such as those occurring at refineries, steel mills, glass furnaces, and cement kilns—all release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity. The recovery of industrial waste heat for power is a largely untapped type of combined heat and power (CHP), which is the use of a single fuel source to generate both thermal energy (heating or cooling) and electricity.
This report contains market size and forecasts of Waste Heat Recovery System in global, including the following market information:
Global Waste Heat Recovery System Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Waste Heat Recovery System Market Sales, 2017-2022, 2023-2028, (MW)
Global top five Waste Heat Recovery System companies in 2021 (%)
The global Waste Heat Recovery System market was valued at 28840 million in 2021 and is projected to reach US$ 34710 million by 2028, at a CAGR of 2.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Over 7MW Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Waste Heat Recovery System include Kawasaki, Sinoma Energy Conservation, Kesen Kenen, Boustead International Heaters, CITIC Heavy Industries, Thermax, Lingda Group, Ormat and Turboden, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Waste Heat Recovery System 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 System Market, by MW Capacity, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Waste Heat Recovery System Market Segment Percentages, by MW Capacity, 2021 (%)
Over 7MW
Below 1MW
1MW-3MW
3MW-7MW
Global Waste Heat Recovery System Market, by Industry, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Waste Heat Recovery System Market Segment Percentages, by Industry, 2021 (%)
Cement
Steel
Petroleum Refining
Chemical
Other
Global Waste Heat Recovery System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Waste Heat Recovery System Market Segment Percentages, By Region and Country, 2021 (%)
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
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Waste Heat Recovery System revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Waste Heat Recovery System revenues share in global market, 2021 (%)
Key companies Waste Heat Recovery System sales in global market, 2017-2022 (Estimated), (MW)
Key companies Waste Heat Recovery System sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Kawasaki
Sinoma Energy Conservation
Kesen Kenen
Boustead International Heaters
CITIC Heavy Industries
Thermax
Lingda Group
Ormat
Turboden
Exergy International
Enertime
ElectraTherm
E-Rational