Global Waste Heat Recovery System in Ships Market Growth 2025-2031

The global Waste Heat Recovery System in Ships market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

A Waste Heat Recovery System (WHRS) in ships refers to a technology that captures and utilizes the waste heat generated during various processes on a vessel or ship"s engine to produce additional energy, typically in the form of electricity or mechanical power. This recovered energy can then be used to improve the ship"s overall efficiency and reduce fuel consumption and emissions.

The International Maritime Organization (IMO) continues to tighten regulations on emissions from ships. As a result, ship operators are increasingly adopting WHRS to reduce fuel consumption and greenhouse gas emissions, aligning with stricter environmental standards.

LP Information, Inc. (LPI) ' newest research report, the “Waste Heat Recovery System in Ships Industry Forecast” looks at past sales and reviews total world Waste Heat Recovery System in Ships sales in 2024, providing a comprehensive analysis by region and market sector of projected Waste Heat Recovery System in Ships sales for 2025 through 2031. With Waste Heat Recovery System in Ships 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 System in Ships industry.

This Insight Report provides a comprehensive analysis of the global Waste Heat Recovery System in Ships 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 System in Ships 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 System in Ships market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Waste Heat Recovery System in Ships 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 System in Ships.

This report presents a comprehensive overview, market shares, and growth opportunities of Waste Heat Recovery System in Ships market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Waste Heat Recovery Boiler
Turbine
Other

Segmentation by Application:
Cargo Ship
Passenger Ship

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 analysing the company's coverage, product portfolio, its market penetration.
ABB
ALFA LAVAL
MHI -MME
Siemens
GE
Kawasaki Heavy Industries, Ltd.
Thermax

Key Questions Addressed in this Report

What is the 10-year outlook for the global Waste Heat Recovery System in Ships market?

What factors are driving Waste Heat Recovery System in Ships market growth, globally and by region?

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

How do Waste Heat Recovery System in Ships market opportunities vary by end market size?

How does Waste Heat Recovery System in Ships break out by Type, by Application?

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