Market Overview:
The global high temperature heat recovery wheel market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient technologies across the globe. Additionally, the growing awareness about environment conservation is also propelling the growth of this market. The global high temperature heat recovery wheel market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into condensation rotors, hygroscopic rotors and sorption rotors. The condensation rotor segment is expected to hold a major share in this market owing to its ability to recover more heat as compared to other types of rotor segments. On the basis of application, it can be classified into residential, commercial and industrial applications.
Product Definition:
A high-temperature heat recovery wheel (HTHRW) is a device used to recover heat from a gas turbine exhaust stream. The recovered heat is then used to preheat the inlet air to the gas turbine, resulting in increased efficiency and reduced fuel consumption.
Condensation Rotors:
Condensation rotors are used in the HTHR (High Temperature Heat Recovery) wheel to remove water from the vapor. The vapor is then condensed and collected in a container for further use. These condensation rotors are also known as dewars, de-icing machines or cold traps.
The growth factor of this market is dependent on factors such as rising demand for energy efficient systems, increasing government regulations regarding environmental pollution.
Hygroscopic Rotors:
Hygroscopic rotors are used in the high temperature heat recovery wheel (HTHRW) to remove water from the exhaust gas. The process is carried out by two methods, namely absorption and adsorption. In absorption, a hygroscopic rotor is used in conjunction with an adsorbent such as activated carbon to remove moisture from gases or liquids.
Application Insights:
The industrial segment led the global high temperature heat recovery wheel market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in demand for HTHR systems in industries such as chemical, petrochemical, and power generation that require hot water on-site produced from a low-temperature source such as natural gas or steam.
The residential sector is expected to witness significant growth owing to increasing government initiatives for promoting energy efficiency coupled with rising concerns regarding greenhouse gas emissions caused due to combustion of fossil fuels by conventional boilers used for heating purposes.
Regional Analysis:
Europe was the largest regional market in 2017 owing to presence of a large number of industries using heat recovery systems. The region is expected to dominate the global high temperature heat recovery wheel market over the forecast period. Increasing adoption of HRS in industrial and commercial sectors, especially for space heating and water heating, is one major factor driving growth in Europe.
Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing awareness about energy conservation among consumers coupled with rapid urbanization across countries such as China, India, Indonesia and Japan has resulted into increased demand for HRS Wheel installations across these regions which will drive growth further. In addition, growing construction activities due to rising population are anticipated boost product demand over next eight years thereby driving overall revenue generation capacity at a faster pace than other regions globally.
Growth Factors:
- Increasing demand for energy efficient technologies: The global high temperature heat recovery wheel market is expected to grow at a significant pace in the next few years, owing to the increasing demand for energy efficient technologies.
- Rising awareness about environment-friendly solutions: There is a growing awareness among consumers about environment-friendly solutions and this is expected to fuel the growth of the high temperature heat recovery wheel market in the near future.
- Growing investments in renewable energy sources: The rising investments in renewable energy sources are likely to create lucrative opportunities for players operating in the global high temperature heat recovery wheel market during the forecast period.
- Technological advancements: The advancement of technology has led to innovative products being launched in the global high temperature heat recovery wheel market, thereby propelling its growth rate over time. 5) Growing industrialization and urbanization: The growing industrialization and urbanization are anticipated to boost demand for power across different sectors, which will subsequently drive growth ofthehightemperatureheatrecoverywheelmarketduringtheforecastperiod
Scope Of The Report
Report Attributes
Report Details
Report Title
High Temperature Heat Recovery Wheel Market Research Report
By Type
Condensation Rotors, Hygroscopic Rotors, Sorption Rotors
By Application
Residential, Commercial, Industrial
By Companies
Bry-Air, ERI Corporation, Ostberg India Pvt. Ltd, Bry-Air (Asia) Private Limited, Desiccant Rotors, Radiant Heat Exchanger Pvt. Ltd, Hoval Enventus, Rotary Heat Exchangers Pty Ltd, Klingenburg USA, LLC, Amalva, Eri Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global High Temperature Heat Recovery Wheel Market Report Segments:
The global High Temperature Heat Recovery Wheel market is segmented on the basis of:
Types
Condensation Rotors, Hygroscopic Rotors, Sorption Rotors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bry-Air
- ERI Corporation
- Ostberg India Pvt. Ltd
- Bry-Air (Asia) Private Limited
- Desiccant Rotors
- Radiant Heat Exchanger Pvt. Ltd
- Hoval Enventus
- Rotary Heat Exchangers Pty Ltd
- Klingenburg USA, LLC
- Amalva
- Eri Corporation
Highlights of The High Temperature Heat Recovery Wheel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Condensation Rotors
- Hygroscopic Rotors
- Sorption Rotors
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Temperature Heat Recovery Wheel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A High Temperature Heat Recovery Wheel is a device that uses the heat of the exhaust gases from an engine to generate electricity. The wheel is mounted on the exhaust pipe of the engine and it captures and stores energy from the hot gases. This energy can then be used to power other devices in a vehicle or generator.
Some of the major players in the high temperature heat recovery wheel market are Bry-Air, ERI Corporation, Ostberg India Pvt. Ltd, Bry-Air (Asia) Private Limited, Desiccant Rotors, Radiant Heat Exchanger Pvt. Ltd, Hoval Enventus, Rotary Heat Exchangers Pty Ltd, Klingenburg USA, LLC, Amalva, Eri Corporation.
The high temperature heat recovery wheel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Temperature Heat Recovery Wheel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Temperature Heat Recovery Wheel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Temperature Heat Recovery Wheel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Temperature Heat Recovery Wheel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Temperature Heat Recovery Wheel Market Size & Forecast, 2020-2028
4.5.1 High Temperature Heat Recovery Wheel Market Size and Y-o-Y Growth
4.5.2 High Temperature Heat Recovery Wheel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Condensation Rotors
5.2.2 Hygroscopic Rotors
5.2.3 Sorption Rotors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Temperature Heat Recovery Wheel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Temperature Heat Recovery Wheel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Condensation Rotors
9.6.2 Hygroscopic Rotors
9.6.3 Sorption Rotors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Condensation Rotors
10.6.2 Hygroscopic Rotors
10.6.3 Sorption Rotors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Condensation Rotors
11.6.2 Hygroscopic Rotors
11.6.3 Sorption Rotors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Condensation Rotors
12.6.2 Hygroscopic Rotors
12.6.3 Sorption Rotors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Condensation Rotors
13.6.2 Hygroscopic Rotors
13.6.3 Sorption Rotors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Temperature Heat Recovery Wheel Market: Competitive Dashboard
14.2 Global High Temperature Heat Recovery Wheel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bry-Air
14.3.2 ERI Corporation
14.3.3 Ostberg India Pvt. Ltd
14.3.4 Bry-Air (Asia) Private Limited
14.3.5 Desiccant Rotors
14.3.6 Radiant Heat Exchanger Pvt. Ltd
14.3.7 Hoval Enventus
14.3.8 Rotary Heat Exchangers Pty Ltd
14.3.9 Klingenburg USA, LLC
14.3.10 Amalva
14.3.11 Eri Corporation
