Waste Heat Recovery System Market Insights On Scope And Growing Demands 2030

Published: 2024-08-29
Views: 20
Author: swati1234
Published in: Business

Waste Heat Recovery System Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Waste Heat Recovery System Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Waste Heat Recovery System market, with forecasts outspreading to the year 2030.

Forecasted Growth Potential of Waste Heat Recovery System Market:

Waste Heat Recovery System Market size was valued at USD 70.83 Bn. in 2023 and the total Waste Heat Recovery System revenue is expected to grow by 7% from 2024 to 2030, reaching nearly USD 113.8 Bn.

Eager to discover what's within? Secure your sample copy of the report today:https://www.maximizemarketresearch.com/request-sample/14979/ 

Waste Heat Recovery System Market Scope and Methodology:

The study employed a combination of primary and secondary research techniques to gather market data. Primary research methods, including questionnaires, interviews, and market observations, provided the researchers with direct and valuable insights into the market. These first-hand data sources are typically advantageous for gaining a deeper understanding of the market dynamics. On the other hand, secondary research methods, such as reviewing industry reports, business websites, and news articles, helped the researchers compile background information and additional market data. 

The study offers a comprehensive analysis of the Waste Heat Recovery System Market by focusing on various aspects such as market revenue, financial health, product portfolio, technological advancements, and mergers and acquisitions. This holistic approach provides a detailed view of the market, enabling stakeholders, investors, and market participants to develop informed investment and marketing strategies.             

Waste Heat Recovery System Market Regional Insights:

The Americas, Europe, Africa, South Africa, and the Middle East.

Dedicated Waste Heat Recovery Systems: This category includes stand-alone graphic cards that are used only for processing graphics. These cards are popular in professional and gaming applications because of their high-performance characteristics. Integrated Waste Heat Recovery Systems: In this category, graphics cards are usually found in entry-level systems and are integrated into the CPU or motherboard. They are appropriate for normal computing work and have rudimentary graphics capabilities.

Waste Heat Recovery System Market Segmentation:

by Technology

Steam Rankine Cycle Systems
Organic Rankine Cycle Systems
Kalina Cycle Systems
Thermoelectric Generators
Others

by Application

Preheating
Steam and Electricity Generation
Power Generation
Other

Power and steam generation was the waste heat recovery system market's most popular application category, owing to increased global demand. WHRS will be used more frequently for power and steam generation as a result of rising electricity costs and continued attempts to reduce greenhouse gas emissions. The segment is growing as a result of growing demand for on-site power generation and an emphasis on plant efficiency.

Between 2024 and 2030, preheating is anticipated to develop at the quickest rate of any application category. The main applications of waste heat recovery systems are space heating, boiler feed water, furnace loading, and combustion air preheating. The WHR cascade mechanism is driving up demand for the goods. In order to reduce operating costs and boost overall efficiency, the system uses a high-temperature stage for air pre-heating and a low-temperature stage for processing feedwater heating.

by End User

Petroleum Refining
Metal Manufacturing
Cement Industry
Chemical Industry
Oil & Gas Industry
Paper & Pulp
Textile

The waste heat recovery system market share that was largest in 2023 belonged to the petroleum refinery category. As drilling activities rise, it is anticipated to grow at the quickest compound annual growth rate (CAGR) during the projected period. This industry uses WHR systems for processes like catalytic treatment, thermal cracking, and refinement.

It is anticipated that numerous government programs targeted at reducing energy expenses and preserving energy will propel the industry even further. Waste heat recovery system market growth is anticipated to be further supported by rising demand for WHRS in sectors such petroleum refineries, pulp and paper, heavy metals, petrochemicals, and chemicals for pre-heating, electricity generation, and steam generation. Owing to the building industry's explosive expansion, the cement end-user market is anticipated to rise dramatically.

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Waste Heat Recovery System Market Key Players:

North America
1. General Electric Company (US)
2. Cool Energy Inc.(US)
3. General Electric Co. (US)
4. Echogen Power Systems Inc. (US)
5. Promec Engineering (US)
6. Ormat Technologies (US)
Europe
1. Amec Foster Wheeler (UK) (Now part of Wood Plc)
2. Boustead International Heaters (UK)
3. Siemens AG (Germany)
4. ABB Ltd. (Switzerland)
Asia Pacific
1. Harbin Electric International Company Ltd (China)
2. Dongfang Electric Corporation (China)
3. China Energy Recovery (China)
4. Mitsubishi Hitachi Power Systems (Japan)
5. Mitsubishi Heavy Industries Ltd. (Japan)
6. Endotherm Ltd. (India)
7. Thermax Limited (India)
8. Forbes Marshall (India)
Africa
1. Terrapin (South Africa)

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Key questions answered in the Waste Heat Recovery System Market are:

• Which is the fastest growing region in the Waste Heat Recovery System Market?
• What is the growth rate of the Waste Heat Recovery System Market?
• What are the upcoming opportunities and trends for the Waste Heat Recovery System Market?
• What segments are covered in the Waste Heat Recovery System Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Waste Heat Recovery System Market?
• Which are the factors expected to drive the Waste Heat Recovery System Market growth?
• What is the CAGR at which the Waste Heat Recovery System market will grow during the forecast period?
• What are the different segments of the Waste Heat Recovery System Market?
• What is Waste Heat Recovery System?
• What growth strategies are the players considering to increase their presence in Waste Heat Recovery System?
• Who are the leading companies and what are their portfolios in Waste Heat Recovery System Market?
• Who are the key players in the Waste Heat Recovery System market?

Looking to gain insights into market trends? Explore the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-waste-heat-recovery-system-market/14979/ 

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• 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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