Waste Heat Recovery Device Market

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.

Waste Heat Recovery Device Market aims to provide a comprehensive presentation of the global market for Waste Heat Recovery Device, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Waste Heat Recovery Device. Waste Heat Recovery Device Market contains market size and forecasts of Waste Heat Recovery Device in global, including the following market information:

Global Waste Heat Recovery Device Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global Waste Heat Recovery Device Market Sales, 2018-2023, 2024-2029, (K Units)

Global top five Waste Heat Recovery Device companies in 2022 (%)

The global Waste Heat Recovery Device market was valued at US$ 28840 million in 2022 and is projected to reach US$ 34710 million by 2029, at a CAGR of 2.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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.

We surveyed the Waste Heat Recovery Device manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Waste Heat Recovery Device Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Waste Heat Recovery Device Market Segment Percentages, by Type, 2022 (%)

Full Heat Recovery

Sensible Heat Recovery

Global Waste Heat Recovery Device Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Waste Heat Recovery Device Market Segment Percentages, by Application, 2022 (%)

Chemical Industry

Metallurgical Industry

Building Materials Industry

Others

Global Waste Heat Recovery Device Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Waste Heat Recovery Device Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Waste Heat Recovery Device revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Waste Heat Recovery Device revenues share in global market, 2022 (%)

Key companies Waste Heat Recovery Device sales in global market, 2018-2023 (Estimated), (K Units)

Key companies Waste Heat Recovery Device sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

ABB

BillionGroup

TLV INTERNATIONAL, INC.

Sigma Thermal

Econotherm

Siemens

Echogen Power Systems

Thermax

Ormat

MHI

Outline of Major Chapters:

Chapter 1: Introduces the definition of Waste Heat Recovery Device, market overview.

Chapter 2: Global Waste Heat Recovery Device market size in revenue and volume.

Chapter 3: Detailed analysis of Waste Heat Recovery Device manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Waste Heat Recovery Device in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Waste Heat Recovery Device capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.