Waste Heat Recovery Market Size to Grow by USD 24.30 Bn, Majority of Market Growth to Originate from North America – Technavio – QNT Press Release

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NEW YORK, Sept. 28, 2022 /PRNewswire/ — The waste heat recovery market size is expected to grow by USD 24.30 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.54% during the forecast period, according to Technavio. The rise in industrialization in BRICS is driving the waste heat recovery market growth. However, factors such as concerns related to fouling in waste heat recovery systems may challenge the market growth.

Get a comprehensive report summary that describes the market size and forecast along with research methodology. The FREE sample report is available in PDF format

Waste Heat Recovery Market 2022-2026: Scope

The waste heat recovery market report covers the following areas:

• Waste Heat Recovery Market size
• Waste Heat Recovery Market trends
• Waste Heat Recovery Market industry analysis

Waste Heat Recovery Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the waste heat recovery market, including ABB Ltd., Alfa Laval Corporate AB, ALSTOM SA, Cannon Spa, Clean Energy Technologies Inc., Econotherm Ltd, Forbes Marshall Pvt. Ltd, General Electric Co, GEA Group Aktiengesellschaft, KNM Group Berhad, John Wood Group PLC, Mitsubishi Heavy Industries Ltd., Ormat Technologies Inc., Muhibbah Engineering (M) Bhd, Promec Engineering Ltd., Robert Bosch GmbH, Questor Technology Inc., Thermax Ltd, Siemens AG, and Transparent Energy Systems Pvt. Ltd.

This report provides a list of key vendors, their strategies, and the latest developments. Buy Now to gain exclusive access to vendor information

Waste Heat Recovery Market 2022-2026: Segmentation

• End-user
• Chemical: The chemical segment will be the largest contributor to market growth during the forecast period. The chemical industry includes the production of petrochemicals, polymers, pharmaceuticals, agrochemicals, fertilizers, and dyes, which involves high-temperature processes that release a huge amount of waste heat. The organic and inorganic chemical production processes are energy-intensive and consume significant electrical and thermal energy. Thus, the rise in the need for waste heat recovery systems helps save costs and energy.
• Petroleum Refining
• Paper
• Commercial And Institutional
• Others
• Geography
• North America: North America will account for 32% of the market’s growth during the forecast period. This growth is attributed to factors such as the rising number of measures toward energy conservation. Moreover, this region will grow at a slower rate than other regions. The US is the key country for the waste heat recovery market in North America.
• Europe
• APAC
• Middle East And Africa
• South America

Learn about the contribution of each segment of the market. View a FREE PDF Sample Report

Waste Heat Recovery Market 2022-2026: Key Highlights

• CAGR of the market during 2022-2026
• Detailed information on factors that will help the waste heat recovery market grow during the next five years
• Approximation of the waste heat recovery market size and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• The growth of the waste heat recovery market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of waste heat recovery market vendors

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