The global waste heat recovery market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for energy-efficient technologies and rising awareness about environmental issues. The chemicals industry is expected to be the fastest-growing segment in the global waste heat recovery market, with a CAGR of 7.2%. This growth can be attributed to the increasing demand for chemicals and petrochemicals in various industries such as construction, automotive, and packaging.
Downstream sector accounted for more than half of the total revenue share in 2018 owing to its high adoption rate across various industries such as chemical processing plants, petroleum refining plants, paper mills, commercial and institutional facilities (C&I), food processing plants, metals manufacturing plants among others.
Chemicals industry accounted for more than half of total revenue share in 2018 owing to its high adoption rate across various industries such as construction materials manufacturing companies; automotive manufacturers; packaging companies among others which are major end users of chemicals & petrochemicals products that require energy efficient technologies like waste heat recovery systems that help them reduce their carbon footprint by reducing their consumption levels on fossil fuels thereby reducing greenhouse gas emissions into atmosphere thereby contributing towards sustainable development goals set by United Nations Framework Convention on Climate Change (UNFCCC).
- Increasing demand for energy efficient products.
- Increasing demand for renewable energy sources.
- Growing awareness about the benefits of waste heat recovery systems.
- Rising environmental concerns.
- Technological advancements in waste heat recovery systems.
Industry Growth Insights published a new data on “Waste Heat Recovery Market”. The research report is titled “Waste Heat Recovery Market research by Types (Downstream Sector, Upstream Sector, Midstream Sector), By Applications (Chemicals Industry, Petroleum Refining Industry, Paper Industry, Commercial And Institutional Facilities, Food Industry, Metals), By Players/Companies ABB, Amec Foster Wheeler, Clean Energy Technologies, Mitsubishi Hitachi Power Systems, Siemens, Bono Energia, BORSIG, Bosch Industriekessel, Citech, ClearPower Systems, Dresser-Rand, Echogen, Forbes Marshall, Ormat Technologies, Probe Manufacturing, TESPL, THE MAERSK, Thermax Global”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Waste Heat Recovery Market Research Report
By Type
Downstream Sector, Upstream Sector, Midstream Sector
By Application
Chemicals Industry, Petroleum Refining Industry, Paper Industry, Commercial And Institutional Facilities, Food Industry, Metals
By Companies
ABB, Amec Foster Wheeler, Clean Energy Technologies, Mitsubishi Hitachi Power Systems, Siemens, Bono Energia, BORSIG, Bosch Industriekessel, Citech, ClearPower Systems, Dresser-Rand, Echogen, Forbes Marshall, Ormat Technologies, Probe Manufacturing, TESPL, THE MAERSK, Thermax Global
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Waste Heat Recovery Market Report Segments:
The global Waste Heat Recovery market is segmented on the basis of:
Types
Downstream Sector, Upstream Sector, Midstream Sector
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
Chemicals Industry, Petroleum Refining Industry, Paper Industry, Commercial And Institutional Facilities, Food Industry, Metals
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:
- ABB
- Amec Foster Wheeler
- Clean Energy Technologies
- Mitsubishi Hitachi Power Systems
- Siemens
- Bono Energia
- BORSIG
- Bosch Industriekessel
- Citech
- ClearPower Systems
- Dresser-Rand
- Echogen
- Forbes Marshall
- Ormat Technologies
- Probe Manufacturing
- TESPL
- THE MAERSK
- Thermax Global
Highlights of The Waste Heat Recovery 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:
- Downstream Sector
- Upstream Sector
- Midstream Sector
- By Application:
- Chemicals Industry
- Petroleum Refining Industry
- Paper Industry
- Commercial And Institutional Facilities
- Food Industry
- Metals
- 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 Waste Heat Recovery 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.
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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?
Waste heat recovery is a process that captures the thermal energy from waste materials and converts it into usable forms of energy. This can be used to power facilities or generate electricity.
Some of the major companies in the waste heat recovery market are ABB, Amec Foster Wheeler, Clean Energy Technologies, Mitsubishi Hitachi Power Systems, Siemens, Bono Energia, BORSIG, Bosch Industriekessel, Citech, ClearPower Systems, Dresser-Rand, Echogen, Forbes Marshall, Ormat Technologies, Probe Manufacturing, TESPL, THE MAERSK, Thermax Global.
The waste heat recovery market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Waste Heat Recovery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Waste Heat Recovery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Waste Heat Recovery Market - Supply Chain
4.5. Global Waste Heat Recovery Market Forecast
4.5.1. Waste Heat Recovery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Waste Heat Recovery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Waste Heat Recovery Market Absolute $ Opportunity
5. Global Waste Heat Recovery Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Waste Heat Recovery Market Size and Volume Forecast by Type
5.3.1. Downstream Sector
5.3.2. Upstream Sector
5.3.3. Midstream Sector
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Waste Heat Recovery Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Waste Heat Recovery Market Size and Volume Forecast by Application
6.3.1. Chemicals Industry
6.3.2. Petroleum Refining Industry
6.3.3. Paper Industry
6.3.4. Commercial And Institutional Facilities
6.3.5. Food Industry
6.3.6. Metals
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Waste Heat Recovery Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Waste Heat Recovery Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Waste Heat Recovery Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Waste Heat Recovery Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Waste Heat Recovery Demand Share Forecast, 2019-2029
9. North America Waste Heat Recovery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Waste Heat Recovery Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Waste Heat Recovery Market Size and Volume Forecast by Application
9.4.1. Chemicals Industry
9.4.2. Petroleum Refining Industry
9.4.3. Paper Industry
9.4.4. Commercial And Institutional Facilities
9.4.5. Food Industry
9.4.6. Metals
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Waste Heat Recovery Market Size and Volume Forecast by Type
9.7.1. Downstream Sector
9.7.2. Upstream Sector
9.7.3. Midstream Sector
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Waste Heat Recovery Demand Share Forecast, 2019-2029
10. Latin America Waste Heat Recovery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Waste Heat Recovery Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Waste Heat Recovery Market Size and Volume Forecast by Application
10.4.1. Chemicals Industry
10.4.2. Petroleum Refining Industry
10.4.3. Paper Industry
10.4.4. Commercial And Institutional Facilities
10.4.5. Food Industry
10.4.6. Metals
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Waste Heat Recovery Market Size and Volume Forecast by Type
10.7.1. Downstream Sector
10.7.2. Upstream Sector
10.7.3. Midstream Sector
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Waste Heat Recovery Demand Share Forecast, 2019-2029
11. Europe Waste Heat Recovery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Waste Heat Recovery Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Waste Heat Recovery Market Size and Volume Forecast by Application
11.4.1. Chemicals Industry
11.4.2. Petroleum Refining Industry
11.4.3. Paper Industry
11.4.4. Commercial And Institutional Facilities
11.4.5. Food Industry
11.4.6. Metals
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Waste Heat Recovery Market Size and Volume Forecast by Type
11.7.1. Downstream Sector
11.7.2. Upstream Sector
117.3. Midstream Sector
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Waste Heat Recovery Demand Share, 2019-2029
12. Asia Pacific Waste Heat Recovery Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Waste Heat Recovery Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Waste Heat Recovery Market Size and Volume Forecast by Application
12.4.1. Chemicals Industry
12.4.2. Petroleum Refining Industry
12.4.3. Paper Industry
12.4.4. Commercial And Institutional Facilities
12.4.5. Food Industry
12.4.6. Metals
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Waste Heat Recovery Market Size and Volume Forecast by Type
12.7.1. Downstream Sector
12.7.2. Upstream Sector
12.7.3. Midstream Sector
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Waste Heat Recovery Demand Share, 2019-2029
13. Middle East & Africa Waste Heat Recovery Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Waste Heat Recovery Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Waste Heat Recovery Market Size and Volume Forecast by Application
13.4.1. Chemicals Industry
13.4.2. Petroleum Refining Industry
13.4.3. Paper Industry
13.4.4. Commercial And Institutional Facilities
13.4.5. Food Industry
13.4.6. Metals
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Waste Heat Recovery Market Size and Volume Forecast by Type
13.7.1. Downstream Sector
13.7.2. Upstream Sector
13.7.3. Midstream Sector
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Waste Heat Recovery Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Waste Heat Recovery Market: Market Share Analysis
14.2. Waste Heat Recovery Distributors and Customers
14.3. Waste Heat Recovery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Amec Foster Wheeler
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Clean Energy Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Hitachi Power Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bono Energia
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BORSIG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bosch Industriekessel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Citech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ClearPower Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dresser-Rand
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Echogen
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Forbes Marshall
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ormat Technologies
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Probe Manufacturing
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TESPL
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. THE MAERSK
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Thermax Global
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
