Global Waste Heat Recovery Device Market Growth 2023-2029

Global Waste Heat Recovery Device Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Waste Heat Recovery Device Industry Forecast” looks at past sales and reviews total world Waste Heat Recovery Device sales in 2022, providing a comprehensive analysis by region and market sector of projected Waste Heat Recovery Device sales for 2023 through 2029. With Waste Heat Recovery Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Waste Heat Recovery Device industry.

This Insight Report provides a comprehensive analysis of the global Waste Heat Recovery Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Waste Heat Recovery Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Waste Heat Recovery Device market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Waste Heat Recovery Device and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Waste Heat Recovery Device.

The global Waste Heat Recovery Device market size is projected to grow from US$ 27420 million in 2022 to US$ 33510 million in 2029; it is expected to grow at a CAGR of 33510 from 2023 to 2029.

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 presents a comprehensive overview, market shares, and growth opportunities of Waste Heat Recovery Device market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Full Heat Recovery
Sensible Heat Recovery

Segmentation by application
Chemical Industry
Metallurgical Industry
Building Materials Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
BillionGroup
TLV INTERNATIONAL, INC.
Sigma Thermal
Econotherm
Siemens
Echogen Power Systems
Thermax
Ormat
MHI

Key Questions Addressed in this Report

What is the 10-year outlook for the global Waste Heat Recovery Device market?

What factors are driving Waste Heat Recovery Device market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Waste Heat Recovery Device market opportunities vary by end market size?

How does Waste Heat Recovery Device break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.