Waste Heat Recovery System Market Industry Trends, Segmentation, Business Opportunities & Forecast To 2029


Waste Heat Recovery System Market Overview

MMR recently published Waste Heat Recovery System Market report offers a holistic view of the Waste Heat Recovery System Market, encompassing both global players and local players operating in different countries. Through a comparative analysis of key players and market followers, this report provides an insightful industry outlook.

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Waste Heat Recovery System Market Report Scope and Research Methodology

The report provides an in-depth analysis of the Waste Heat Recovery System market, through segmentation. It analyses the market size, share, growth, and trends, along with the drivers and restraints affecting the market growth. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.

Waste Heat Recovery System Market Regional Insights

The report provides regional insights into the industrial gas market for North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The Asia-Pacific region is expected to dominate the market.

Waste Heat Recovery System Market Segmentation

by End User Industry

Petroleum Refining
Metal Production
Paper & Pulp

Considering the End-User The market share for waste heat recovery systems was dominated in 2022 by the petroleum refinery industry. Due to a rise in drilling activity, it is anticipated to grow at the CAGR that is the fastest over the forecast period. In this sector, WHR systems are employed for processes like catalytic treatment, thermal cracking, and refinement.

by Application

Steam & Electricity Generation

according to the application Power and steam generation was the leading application segment for waste heat recovery systems due to the increase in global demand. The usage of WHRS for power and steam generation will be encouraged by rising electricity prices as well as continued attempts to minimize GHG emissions. The category is expanding as a result of increasing onsite power generation demand and a focus on plant efficiency.


by Temperature

<230 °C
230-650 °C
>650 °C

by Technology

Complete Closed Loop Systems
Combustion Air Preheat Systems
High Particulate Systems

by Type

Gas and Diesel Cogeneration Systems
Boiler Exhaust Stack Economizer Systems
Fume Incineration Systems

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Waste Heat Recovery System Market Key Players

1. Amec Foster Wheeler (UK)
2. Wood Plc (Amec Foster Wheeler) (UK)
3. Boustead International Heaters (UK)
4. Promec Engineering (UK)
5. Siemens AG (Germany)
6. ABB Ltd. (Switzerland)
7. General Electric Company (US)
8. Cool Energy Inc. (US)
9. General Electric Co. (US)
10.Echogen Power Systems Inc. (US)
11.Ormat Technologies (US)
12.Harbin Electric International Company Ltd (China)
13.Dongfang Electric Corporation (China)
14.China Energy Recovery (China)
15.Mitsubishi Hitachi Power Systems (Japan)
16.Mitsubishi Heavy Industries Ltd. (Japan)
17.Endotherm Ltd. (India)
18.Thermax Limited (India)
19.Forbes Marshall (India)
20.Terrapin (South Africa)

Key questions answered in Waste Heat Recovery System Market are:

  • Who held the largest market share in the Waste Heat Recovery System Market?
  • What are the factors driving the Waste Heat Recovery System Market growth?
  • What are the factors restraining the Waste Heat Recovery System Market growth?
  • Which trends are expected to generate additional revenue for the Waste Heat Recovery System market growth?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Waste Heat Recovery System Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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