Waste Heat Recovery Market Report 2024-2034

Waste Heat Recovery Market Report 2024-2034



The Waste Heat Recovery Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

The Surge in Environmental Consciousness and the Imperative to Reduce Carbon Footprints.

The waste heat recovery market presents a dynamic landscape in the realm of industrial energy efficiency, offering a compelling avenue for sustainable practices and economic gains. Waste heat, a by-product of industrial processes, is harnessed through innovative technologies to drive electricity generation and enhance mechanical work, thereby mitigating energy consumption and reducing operational costs. This executive summary provides a concise overview of the WHR market, encapsulating key drivers, opportunities, challenges, and competitive landscapes.

The waste heat recovery market unfolds a myriad of opportunities across various sectors. The integration of waste heat recovery in electricity generation provides an attractive proposition for industries with high electricity consumption, offering not only reduced energy costs but also opportunities to sell surplus electricity to the grid. Additionally, the prospect of selling recovered heat externally, especially in industrial clusters, opens up new revenue streams. Technological advancements and research initiatives further underscore opportunities for innovation and the development of more efficient waste heat recovery systems.

Integration of Waste Heat Recovery Systems into Existing Industrial Processes

The seamless integration of waste heat recovery (WHR) systems into existing industrial processes emerges as a critical challenge within the market. Industrial facilities often grapple with the complexities associated with retrofitting or incorporating new technologies into their established operations. The integration process involves aligning waste heat recovery systems with diverse and often intricate industrial processes, demanding a meticulous understanding of the specific requirements and nuances of each facility.

One key challenge lies in the diverse nature of industrial operations, where processes vary significantly across sectors such as manufacturing, energy production, and chemical processing. Each industry possesses unique operational parameters, making it imperative for waste heat recovery systems to be tailored to the specific characteristics and demands of the given industrial setting. This customization requirement adds a layer of complexity, hindering a one-size-fits-all approach and necessitating a careful examination of each facility's intricacies.

What Questions Should You Ask before Buying a Market Research Report?
  • How is the waste heat recovery market evolving?
  • What is driving and restraining the waste heat recovery market?
  • How will each waste heat recovery submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
  • How will the market shares for each waste heat recovery submarket develop from 2024 to 2034?
  • What will be the main driver for the overall market from 2024 to 2034?
  • Will leading waste heat recovery markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
  • How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
  • Who are the leading players and what are their prospects over the forecast period?
  • What are the waste heat recovery projects for these leading companies?
  • How will the industry evolve during the period between 2024 and 2034? What are the implications of waste heat recovery projects taking place now and over the next 10 years?
  • Is there a greater need for product commercialisation to further scale the waste heat recovery market?
  • Where is the waste heat recovery market heading and how can you ensure you are at the forefront of the market?
  • What are the best investment options for new product and service lines?
  • What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the waste heat recovery market today, and over the next 10 years:
  • Our 368-page report provides 116 tables and 172 charts/graphs exclusively to you.
  • The report highlights key lucrative areas in the industry so you can target them – NOW.
  • It contains in-depth analysis of global, regional and national sales and growth.
  • It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the waste heat recovery market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2034 and other analyses reveal commercial prospects
  • In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
  • You will find original analyses, with business outlooks and developments.
  • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising waste heat recovery prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.

Segments Covered in the Report

Market Segment by Temperature Range
  • High-temperature (>400°C)
  • Medium-temperature (100-400°C)
  • Low-temperature (<100°C)
Market Segment by Application
  • Preheating
  • Power Generation
  • Steam Generation
  • Other Applications
Market Segment by End-use Industry
  • Cement Industry
  • Iron and steel Industry
  • Chemical Industry
  • Glass Industry
  • Other End-use Industries
Market Segment by Technology
  • Heat Exchangers
  • Turbo-expanders
  • Organic Rankine Cycles (ORCs)
  • Heat Pumps
  • Kalina Cycles
  • Other Technologies
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:

North America
  • U.S.
  • Canada
Europe
  • Germany
  • Spain
  • United Kingdom
  • France
  • Italy
  • Rest of Europe
Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Waste Heat Recovery Market, 2024 to 2034, with a focus on this segment of these companies’ operations.

Leading companies and the potential for market growth
  • ABB Limited
  • Clyde Bergemann Power Group
  • Cool Energy Inc
  • Echogen Power Systems
  • Econotherm Ltd
  • General Electric Company
  • John Wood Group plc
  • JP Steel Plantech Co
  • Mitsubishi Heavy Industries, Ltd
  • Ormat Technologies, Inc.
  • PENTA Engineering Corporation
  • Siemens AG
  • Sigma Thermal, Inc
  • Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
  • Transparent Energy Systems Private Ltd
Overall world revenue for Waste Heat Recovery Market, 2024 to 2034 in terms of value the market will surpass US$84.0 billion in 2024, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

How will the Waste Heat Recovery Market, 2024 to 2034 report help you?

In summary, our 360+ page report provides you with the following knowledge:
  • Revenue forecasts to 2034 for Waste Heat Recovery Market, 2024 to 2034 Market, with forecasts for temperature range, application, end-use industry, and technology, each forecast at a global and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.
  • Revenue forecasts to 2034 for four regional and 20 key national markets – See forecasts for the Waste Heat Recovery Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
  • Prospects for established firms and those seeking to enter the market – including company profiles for 15 of the major companies involved in the Waste Heat Recovery Market, 2024 to 2034.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.

Information found nowhere else

With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Waste Heat Recovery Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.

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1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Waste Heat Recovery Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who Is This Report for?
1.7 Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Visiongain Reports
1.10 About Visiongain
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.2.1 Market Driving Factors
3.2.1.1 Increasing Need for Energy-Efficient Systems Driving the Market
3.2.1.2 Potential for Financial Incentives and Subsidies for Adopting Waste Heat Recovery Technologies Driving the Market
3.2.1.3 Optimizing Waste Heat and Enhancing Plant Efficiency and Power Generation Driving the Market
3.2.2 Market Restraining Factors
3.2.2.1 Integration of Waste Heat Recovery Systems into Existing Industrial Processes
3.2.2.2 High Capital Investment Hinder the Market Growth
3.2.2.3 The Effectiveness of Waste Heat Recovery is Highly Dependent on the Temperature and Quality of the Available Waste Heat
3.2.3 Market Opportunities
3.2.3.1 Increasing Demand for Waste Heat Recovery Systems in Preheating Segment
3.2.3.2 Collaborations and Partnerships are Opportunities for the Market Players
3.2.3.3 Rise in the Technological Advancements
3.3 Porter’s Five Forces Analysis
3.3.1 Bargaining Power of Suppliers (Medium)
3.3.2 Bargaining Power of Buyers (Medium to High)
3.3.3 Competitive Rivalry (High)
3.3.4 Threat from Substitutes (Low)
3.3.5 Threat of New Entrants (Low)
3.4 COVID-19 Impact Analysis
3.4.1 “V-Shaped Recovery”
3.4.2 “U-Shaped Recovery”
3.4.3 “W-Shaped Recovery”
3.4.4 “L-Shaped Recovery”
3.5 PEST Analysis
4 Waste Heat Recovery Market Analysis by Temperature Range
4.1 Key Findings
4.2 Temperature Range Segment: Market Attractiveness Index
4.3 Waste Heat Recovery Market Size Estimation and Forecast by Temperature Range
4.4 High-temperature (>400°C)
4.4.1 Market Size by Region, 2024-2034 (US$ Billion)
4.4.2 Market Share by Region, 2024 & 2034 (%)
4.5 Medium-temperature (100-400°C)
4.5.1 Market Size by Region, 2024-2034 (US$ Billion)
4.5.2 Market Share by Region, 2024 & 2034 (%)
4.6 Low-temperature (<100°C)
4.6.1 Market Size by Region, 2024-2034 (US$ Billion)
4.6.2 Market Share by Region, 2024 & 2034 (%)
5 Waste Heat Recovery Market Analysis by Application
5.1 Key Findings
5.2 Application Segment: Market Attractiveness Index
5.3 Waste Heat Recovery Market Size Estimation and Forecast by Application
5.4 Preheating
5.4.1 Market Size by Region, 2024-2034 (US$ Billion)
5.4.2 Market Share by Region, 2024 & 2034 (%)
5.5 Power Generation
5.5.1 Market Size by Region, 2024-2034 (US$ Billion)
5.5.2 Market Share by Region, 2024 & 2034 (%)
5.6 Steam Generation
5.6.1 Market Size by Region, 2024-2034 (US$ Billion)
5.6.2 Market Share by Region, 2024 & 2034 (%)
5.7 Other Applications
5.7.1 Market Size by Region, 2024-2034 (US$ Billion)
5.7.2 Market Share by Region, 2024 & 2034 (%)
6 Waste Heat Recovery Market Analysis by End-use Industry
6.1 Key Findings
6.2 End-use Industry Segment: Market Attractiveness Index
6.3 Waste Heat Recovery Market Size Estimation and Forecast by End-use Industry
6.4 Cement Industry
6.4.1 Market Size by Region, 2024-2034 (US$ Billion)
6.4.2 Market Share by Region, 2024 & 2034 (%)
6.5 Iron and steel Industry
6.5.1 Market Size by Region, 2024-2034 (US$ Billion)
6.5.2 Market Share by Region, 2024 & 2034 (%)
6.6 Chemical Industry
6.6.1 Market Size by Region, 2024-2034 (US$ Billion)
6.6.2 Market Share by Region, 2024 & 2034 (%)
6.7 Glass Industry
6.7.1 Market Size by Region, 2024-2034 (US$ Billion)
6.7.2 Market Share by Region, 2024 & 2034 (%)
6.8 Other End-use Industries
6.8.1 Market Size by Region, 2024-2034 (US$ Billion)
6.8.2 Market Share by Region, 2024 & 2034 (%)
7 Waste Heat Recovery Market Analysis by Technology
7.1 Key Findings
7.2 Technology Segment: Market Attractiveness Index
7.3 Waste Heat Recovery Market Size Estimation and Forecast by Technology
7.4 Heat Exchangers
7.4.1 Market Size by Region, 2024-2034 (US$ Billion)
7.4.2 Market Share by Region, 2024 & 2034 (%)
7.5 Turbo-expanders
7.5.1 Market Size by Region, 2024-2034 (US$ Billion)
7.5.2 Market Share by Region, 2024 & 2034 (%)
7.6 Organic Rankine Cycles (ORCs)
7.6.1 Market Size by Region, 2024-2034 (US$ Billion)
7.6.2 Market Share by Region, 2024 & 2034 (%)
7.7 Heat Pumps
7.7.1 Market Size by Region, 2024-2034 (US$ Billion)
7.7.2 Market Share by Region, 2024 & 2034 (%)
7.8 Kalina Cycles
7.8.1 Market Size by Region, 2024-2034 (US$ Billion)
7.8.2 Market Share by Region, 2024 & 2034 (%)
7.9 Other Technologies
7.9.1 Market Size by Region, 2024-2034 (US$ Billion)
7.9.2 Market Share by Region, 2024 & 2034 (%)
8 Waste Heat Recovery Market Analysis by Region
8.1 Key Findings
8.2 Regional Market Size Estimation and Forecast
9 North America Waste Heat Recovery Market Analysis
9.1 Key Findings
9.2 North America Waste Heat Recovery Market Attractiveness Index
9.3 North America Waste Heat Recovery Market by Country, 2024, 2029 & 2034 (US$ Billion)
9.4 North America Waste Heat Recovery Market Size Estimation and Forecast
9.5 North America Waste Heat Recovery Market Size Estimation and Forecast by Country
9.6 North America Waste Heat Recovery Market Size Estimation and Forecast by Temperature Range
9.7 North America Waste Heat Recovery Market Size Estimation and Forecast by Application
9.8 North America Waste Heat Recovery Market Size Estimation and Forecast by End-use Industry
9.9 North America Waste Heat Recovery Market Size Estimation and Forecast by Technology
9.10 U.S. Waste Heat Recovery Market Analysis
9.11 Canada Waste Heat Recovery Market Analysis
10 Europe Waste Heat Recovery Market Analysis
10.1 Key Findings
10.2 Europe Waste Heat Recovery Market Attractiveness Index
10.3 Europe Waste Heat Recovery Market by Country, 2024, 2029 & 2034 (US$ Billion)
10.4 Europe Waste Heat Recovery Market Size Estimation and Forecast
10.5 Europe Waste Heat Recovery Market Size Estimation and Forecast by Country
10.6 Europe Waste Heat Recovery Market Size Estimation and Forecast by Temperature Range
10.7 Europe Waste Heat Recovery Market Size Estimation and Forecast by Application
10.8 Europe Waste Heat Recovery Market Size Estimation and Forecast by End-use Industry
10.9 Europe Waste Heat Recovery Market Size Estimation and Forecast by Technology
10.10 Germany Waste Heat Recovery Market Analysis
10.11 UK Waste Heat Recovery Market Analysis
10.12 France Waste Heat Recovery Market Analysis
10.13 Italy Waste Heat Recovery Market Analysis
10.14 Spain Waste Heat Recovery Market Analysis
10.15 Rest of Europe Waste Heat Recovery Market Analysis
11 Asia-Pacific Waste Heat Recovery Market Analysis
11.1 Key Findings
11.2 Asia-Pacific Waste Heat Recovery Market Attractiveness Index
11.3 Asia-Pacific Waste Heat Recovery Market by Country, 2024, 2029 & 2034 (US$ Billion)
11.4 Asia-Pacific Waste Heat Recovery Market Size Estimation and Forecast
11.5 Asia-Pacific Waste Heat Recovery Market Size Estimation and Forecast by Country
11.6 Asia-Pacific Waste Heat Recovery Market Size Estimation and Forecast by Temperature Range
11.7 Asia-Pacific Waste Heat Recovery Market Size Estimation and Forecast by Application
11.8 Asia-Pacific Waste Heat Recovery Market Size Estimation and Forecast by End-use Industry
11.9 Asia-Pacific Waste Heat Recovery Market Size Estimation and Forecast by Technology
11.10 China Waste Heat Recovery Market Analysis
11.11 India Waste Heat Recovery Market Analysis
11.12 Japan Waste Heat Recovery Market Analysis
11.13 South Korea Waste Heat Recovery Market Analysis
11.14 Australia Waste Heat Recovery Market Analysis
11.15 Rest of Asia-Pacific Waste Heat Recovery Market Analysis
12 Middle East and Africa Waste Heat Recovery Market Analysis
12.1 Key Findings
12.2 Middle East and Africa Waste Heat Recovery Market Attractiveness Index
12.3 Middle East and Africa Waste Heat Recovery Market by Country, 2024, 2029 & 2034 (US$ Billion)
12.4 Middle East and Africa Waste Heat Recovery Market Size Estimation and Forecast
12.5 Middle East and Africa Waste Heat Recovery Market Size Estimation and Forecast by Country
12.6 Middle East and Africa Waste Heat Recovery Market Size Estimation and Forecast by Temperature Range
12.7 Middle East and Africa Waste Heat Recovery Market Size Estimation and Forecast by Application
12.8 Middle East and Africa Waste Heat Recovery Market Size Estimation and Forecast by End-use Industry
12.9 Middle East and Africa Waste Heat Recovery Market Size Estimation and Forecast by Technology
12.10 GCC Waste Heat Recovery Market Analysis
12.11 South Africa Waste Heat Recovery Market Analysis
12.12 Rest of Middle East & Africa Waste Heat Recovery Market Analysis
13 Latin America Waste Heat Recovery Market Analysis
13.1 Key Findings
13.2 Latin America Waste Heat Recovery Market Attractiveness Index
13.3 Latin America Waste Heat Recovery Market by Country, 2024, 2029 & 2034 (US$ Billion)
13.4 Latin America Waste Heat Recovery Market Size Estimation and Forecast
13.5 Latin America Waste Heat Recovery Market Size Estimation and Forecast by Country
13.6 Latin America Waste Heat Recovery Market Size Estimation and Forecast by Temperature Range
13.7 Latin America Waste Heat Recovery Market Size Estimation and Forecast by Application
13.8 Latin America Waste Heat Recovery Market Size Estimation and Forecast by End-use Industry
13.9 Latin America Waste Heat Recovery Market Size Estimation and Forecast by Technology
13.10 Brazil Waste Heat Recovery Market Analysis
13.11 Mexico Waste Heat Recovery Market Analysis
13.12 Rest of Latin America Waste Heat Recovery Market Analysis
14 Company Profiles
14.1 Competitive Landscape, 2022
14.2 Strategic Outlook
14.3 ABB Limited
14.3.1 Company Snapshot
14.3.2 Company Overview
14.3.3 Financial Analysis
14.3.3.1 Net Revenue, 2018-2022
14.3.3.2 R&D, 2018-2022
14.3.3.3 Business Segment Revenue Share, 2022 (%)
14.3.4 Product Benchmarking
14.3.5 Strategic Outlook
14.4 John Wood Group plc
14.4.1 Company Snapshot
14.4.2 Company Overview
14.4.3 Financial Analysis
14.4.3.1 Net Revenue, 2018-2022
14.4.3.2 Regional Revenue Share, 2022 (%)
14.4.3.3 Business Segment Revenue Share, 2022 (%)
14.4.4 Product Benchmarking
14.4.5 Strategic Outlook
14.5 Ormat Technologies, Inc.
14.5.1 Company Snapshot
14.5.2 Company Overview
14.5.3 Financial Analysis
14.5.3.1 Net Revenue, 2018-2022
14.5.3.2 R&D, 2018-2022
14.5.3.3 Regional Revenue Share, 2022 (%)
14.5.3.4 Business Segment Revenue Share, 2022 (%)
14.5.4 Product Benchmarking
14.5.5 Strategic Outlook
14.6 General Electric Company
14.6.1 Company Snapshot
14.6.2 Company Overview
14.6.3 Financial Analysis
14.6.3.1 Net Revenue, 2018-2022
14.6.3.2 R&D, 2018-2022
14.6.3.3 Business Segment Revenue Share, 2022 (%)
14.6.4 Product Benchmarking
14.7 Mitsubishi Heavy Industries, Ltd
14.7.1 Company Snapshot
14.7.2 Company Overview
14.7.3 Financial Analysis
14.7.3.1 Net Revenue, 2019-2023
14.7.3.2 R&D, 2019-2023
14.7.3.3 Regional Revenue Share, 2023 (%)
14.7.3.4 Business Segment Revenue Share, 2023 (%)
14.7.4 Product Benchmarking
14.7.5 Strategic Outlook
14.8 Siemens AG
14.8.1 Company Snapshot
14.8.2 Company Overview
14.8.3 Financial Analysis
14.8.3.1 Net Revenue, 2019-2023
14.8.3.2 R&D, 2019-2023
14.8.3.3 Regional Revenue Share, 2023 (%)
14.8.3.4 Business Segment Revenue Share, 2023 (%)
14.8.4 Product Benchmarking
14.8.5 Strategic Outlook
14.9 Echogen Power Systems
14.9.1 Company Snapshot
14.9.2 Company Overview
14.9.3 Product Benchmarking
14.10 Econotherm Ltd
14.10.1 Company Snapshot
14.10.2 Company Overview
14.10.3 Product Benchmarking
14.11 Cool Energy Inc
14.11.1 Company Snapshot
14.11.2 Company Overview
14.11.3 Product Benchmarking
14.12 Transparent Energy Systems Private Ltd
14.12.1 Company Snapshot
14.12.2 Company Overview
14.12.3 Product Benchmarking
14.13 JP Steel Plantech Co
14.13.1 Company Snapshot
14.13.2 Company Overview
14.13.3 Product Benchmarking
14.14 TMEIC
14.14.1 Company Snapshot
14.14.2 Company Overview
14.14.3 Product Benchmarking
14.14.4 Strategic Outlook
14.15 Clyde Bergemann Power Group
14.15.1 Company Snapshot
14.15.2 Company Overview
14.15.3 Product Benchmarking
14.16 Sigma Thermal, Inc
14.16.1 Company Snapshot
14.16.2 Company Overview
14.16.3 Product Benchmarking
14.17 PENTA Engineering Corporation
14.17.1 Company Snapshot
14.17.2 Company Overview
14.17.3 Product Benchmarking
14.17.4 Strategic Outlook
15 Conclusion and Recommendations
15.1 Concluding Remarks from Visiongain
15.2 Recommendations for Market Players

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