Global Waste Heat Recovery Device Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Waste Heat Recovery Device market size was valued at US$ 30520 million in 2024 and is forecast to a readjusted size of USD 36790 million by 2031 with a CAGR of 2.7% during review period.

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.

Global Waste Heat Recovery key players include Kawasaki, Sinoma Energy Conservation, Kesen Kenen, Boustead International Heaters, etc. Global top four manufacturers hold a share about 45%.

China is the largest market, with a share about 80%, followed by Europe, and India, both have a share over 10 percent.

In terms of product, Over 7MW is the largest segment, with a share over 60%. And in terms of application, the largest application is Cement, followed by Steel, Chemical, Petroleum Refining, etc.

This report is a detailed and comprehensive analysis for global Waste Heat Recovery Device market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Waste Heat Recovery Device market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Waste Heat Recovery Device market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Waste Heat Recovery Device market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Waste Heat Recovery Device market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Waste Heat Recovery Device

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Waste Heat Recovery Device market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, BillionGroup, TLV INTERNATIONAL, INC., Sigma Thermal, Econotherm, Siemens, Echogen Power Systems, Thermax, Ormat, MHI, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Waste Heat Recovery Device market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Full Heat Recovery
Sensible Heat Recovery

Market segment by Application
Chemical Industry
Metallurgical Industry
Building Materials Industry
Others

Major players covered
ABB
BillionGroup
TLV INTERNATIONAL, INC.
Sigma Thermal
Econotherm
Siemens
Echogen Power Systems
Thermax
Ormat
MHI

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Waste Heat Recovery Device product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Waste Heat Recovery Device, with price, sales quantity, revenue, and global market share of Waste Heat Recovery Device from 2020 to 2025.

Chapter 3, the Waste Heat Recovery Device competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Waste Heat Recovery Device breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Waste Heat Recovery Device market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Waste Heat Recovery Device.

Chapter 14 and 15, to describe Waste Heat Recovery Device sales channel, distributors, customers, research findings and conclusion.