Waste Heat Recovery System Market Size- By Application, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

Global Waste Heat Recovery System Market Overview

According to SPER Market Research, the Global Waste Heat Recovery System Market is estimated to reach USD 167.27 billion by 2032 with a CAGR of 9.04%.

The Waste Heat Recovery System (WHRS) market refers to the collection and utilization of industrial heat that is otherwise lost as a byproduct of various processes. This heat energy can be captured and transformed into useful energy, such as electricity or steam, providing a cost-effective and environmentally friendly solution for energy generation. The market for WHRS is driven by factors such as increasing energy prices, stringent government regulations on energy efficiency, and the growing awareness of the need for sustainable energy solutions. The market is composed of various products, such as heat exchangers, boilers, and turbines, which are used in a range of industries, including chemical, oil and gas, and power generation. The global market for WHRS is expected to grow significantly in the coming years, driven by the increasing demand for energy efficiency and the need to reduce greenhouse gas emissions.

Impact of COVID-19 on the Global Waste Heat Recovery System Market

The COVID-19 pandemic has had an impact on the waste heat recovery system market, similar to other industries. The pandemic has caused widespread economic disruption, reducing demand for waste heat recovery systems as investment and spending on industrial projects decreased. The pandemic has also disrupted supply chains, causing difficulties for waste heat recovery system providers in terms of securing raw materials and maintaining production levels.

However, despite these challenges, the long-term outlook for the waste heat recovery system market remains positive. As the world begins to recover from the pandemic and economic activity resumes, demand for waste heat recovery systems is expected to pick up, driven by growing concerns about energy efficiency and reducing carbon emissions. The government has taken steps to support the sector, such as increasing investment in clean energy projects and promoting the adoption of sustainable technologies. Additionally, the pandemic has accelerated the adoption of digital technologies, creating new opportunities for waste heat recovery system providers to improve their operations and better meet the needs of their customers.In conclusion, while the COVID-19 pandemic has had a short-term impact on the waste heat recovery system market, the sector is expected to recover and continue to grow in the coming years as the focus on energy efficiency and sustainability remains a priority.

Scope of the Report

Report Metric Details:

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Application, By End-User

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered General Electric, ABB, Boustead International Heaters, Forbes Marshall, Terrapin, Climeon, Bosch Industriekessel GmbH, AURA GmbH & Co., Exergy S.p.A.

Global Waste Heat Recovery System Market Segmentation:

By Application: Based on the Application, Global Waste Heat Recovery System Market is segmented as; Pre Heating, Steam & Electricity Generation, Others.

By End-User: Based on End-User, Global Waste Heat Recovery System Market is segmented as; Petroleum Refinery, Power, Cement, Chemical, Metal Production, Pulp & Paper, Others.

By Region: This report also provide the data for key regional segments across the globe: Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.

Product Code: POAE2313

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Waste Heat Recovery System Market

5. Market variables and outlook

5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1 Global Waste Heat Recovery System Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Waste Heat Recovery System Market

7. Global Waste Heat Recovery System Market, By Application, 2019-2032 (USD Million)

7.1 Pre Heating
7.2 Steam & Electricity Generation
7.3 Others

8. Global Waste Heat Recovery System Market, By End-User, 2019-2032 (USD Million)

8.1 Petroleum Refinery
8.2 Power
8.3 Cement
8.4 Chemical
8.5 Metal Production
8.6 Pulp & Paper
8.7 Others

9. Global Waste Heat Recovery System Market, By Region, 2019-2032 (USD Million)

9.1 Global Waste Heat Recovery System Market Size and Market Share by Region (2019-2025)
9.2 Global Waste Heat Recovery System Market Size and Market Share by Region (2026-2032)
9.3 Asia-Pacific
- 9.3.1 Australia
- 9.3.2 China
- 9.3.3 India
- 9.3.4 Japan
- 9.3.5 South Korea
- 9.3.6 Rest of Asia-Pacific
9.4 Europe
- 9.4.1 France
- 9.4.2 Germany
- 9.4.3 Italy
- 9.4.4 Spain
- 9.4.5 United Kingdom
- 9.4.6 Rest of Europe
9.5 Middle East and Africa
- 9.5.1 Kingdom of Saudi Arabia
- 9.5.2 United Arab Emirates
- 9.5.3 Rest of Middle East & Africa
9.6 North America
- 9.6.1 Canada
- 9.6.2 Mexico
- 9.6.3 United States
9.7 Latin America
- 9.7.1 Argentina
- 9.7.2 Brazil
- 9.7.3 Rest of Latin America

10. Company Profiles

10.1 ABB
- 10.1.1 Company details
- 10.1.2 Financial outlook
- 10.1.3 Product summary
- 10.1.4 Recent developments
10.2 AURA GmbH & Co.
- 10.2.1 Company details
- 10.2.2 Financial outlook
- 10.2.3 Product summary
- 10.2.4 Recent developments
10.3 Bosch Industriekessel GmbH
- 10.3.1 Company details
- 10.3.2 Financial outlook
- 10.3.3 Product summary
- 10.3.4 Recent developments
10.4 Boustead International Heaters
- 10.4.1 Company details
- 10.4.2 Financial outlook
- 10.4.3 Product summary
- 10.4.4 Recent developments
10.5 Climeon
- 10.5.1 Company details
- 10.5.2 Financial outlook
- 10.5.3 Product summary
- 10.5.4 Recent developments
10.6 Exergy S.p.A
- 10.6.1 Company details
- 10.6.2 Financial outlook
- 10.6.3 Product summary
- 10.6.4 Recent developments
10.7 Forbes Marshall
- 10.7.1 Company details
- 10.7.2 Financial outlook
- 10.7.3 Product summary
- 10.7.4 Recent developments
10.8 General Electric
- 10.8.1 Company details
- 10.8.2 Financial outlook
- 10.8.3 Product summary
- 10.8.4 Recent developments
10.9 Terrapin
- 10.9.1 Company details
- 10.9.2 Financial outlook
- 10.9.3 Product summary
- 10.9.4 Recent developments
10.10 Siemens AG
- 10.10.1 Company details
- 10.10.2 Financial outlook
- 10.10.3 Product summary
- 10.10.4 Recent developments