Key Highlights
• Processing and recycling of industrial waste is a major concern of many industries. To solve this problem, companies have developed products and systems related to waste treatment and recycling, as well as energy recovery from industrial waste. Some of the products and services include sewage treatment plants, waste generators, desulfurization systems, etc. Waste heat exchangers are generally used to capture or recover heat released by wastewater, air or other materials. The process allows the company to recover the heat and use it for different processes. Waste heat recovery systems often capture heat from the waste products of the process. The captured heat is used to make different energy products such as air or water, which helps reduce the electricity and heating costs of the process and is expected to help create a platform for the growth of the waste-to-energy recovery business. In the coming years. Due to the high heat recovery potential of chemical industry flue gases, the growth in the global chemical industry is expected to drive the waste heat recovery machine market in the future. When heat returning from equipment such as cold water is negative or hot and cannot provide heat properly. Therefore, it is expected to adversely affect the future growth of the waste electronics recycling market.
• The market size of the worldwide Waste Heat Recovery System Market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In May 2019, Clean Energy Technologies installed two generators at Marshall Energy to generate electricity from the heat source. The established system collects wastes from various sources and converts them into electricity.
• The demand in the global waste energy recovery machine market is mainly driven by the increasing focus on energy efficiency and sustainability around the world. Industries such as manufacturing, power generation, and chemical processing have recognized the ability of renewable energy sources to convert negative energy into electricity or electricity. The quest to reduce carbon emissions and operating costs is based on the ability to recover waste heat to improve energy efficiency, reduce fuel consumption and reduce impact at every turn. Also, as emissions and energy consumption regulations tighten, the industry is looking for new solutions to meet standards. The pressure for energy security, along with rising energy costs, also plays an important role in promoting the use of waste energy products, making them an important part of green and productive spaces.
Scope of the Application Profile
Key Players
• ABB Ltd. (Switzerland)
• Wood (John Wood Group Plc) (UK)
• Ormat Technologies Inc. (US)
• General Electric Co. (US)
• Mitsubishi Heavy Industries Ltd
• (Japan), Alfa Laval (Sweden)
• Econotherm Ltd. (UK)
• Thermax Limited (India)
• Siemens AG (Germany)
• Cool Energy Inc. (US)
Segmentation
By Temperature
• Up To 230 °C
• 230 °C - 650 °C
• Above 650 °C
By Industry
• Chemical & Petroleum Refining
• Heavy Metal Manufacturing
• Pulp & Paper
• Food & Beverage
• Other Industries
By Technique
• Heat Exchangers
• Thermal Wheels
• Recuperators
• Regenerators
• Economizer
• Heat Pumps
• Other Techniques
By Application
• Temperature Control
• Pre-Heating Systems
• Electricity & Power Generation
• Other Applications
What to Expect from Application Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Waste Heat Recovery System market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Waste Heat Recovery System market.
3. Leading company profiles reveal details of key Waste Heat Recovery System market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Waste Heat Recovery System market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In June 2019, Ultratech Cement Limited announced that it plans to generate approximately 25% of its energy needs from renewable sources. The company also plans to add electronic waste to achieve this goal.
• In May 2019, Clean Energy Technologies installed two generators at Marshall Energy to generate electricity from the heat source. The established system collects wastes from various sources and converts them into electricity.
• In December 2018, Raysut Cement, Manufacturer of Oman MAAs, partnered with Simona Overseas Development Co. to develop a waste-to-energy plant. signed a contract with The development of the new system should save up to 30% of the company's energy losses..
Segment Insights
By Industry
In terms of waste heat recycling operating income, Food and beverage make up most of the application segments. Rising energy prices and continued efforts to reduce domestic carbon emissions will facilitate the export of renewable energy sources for electricity and electricity. The demand for domestic electricity generation is increasing and it is important to improve the operation of the power plant.
By Technique
The heat exchangers segment had the largest market share in 2020 and is expected to record a 6.8% CAGR during the forecast period. This is due to increased demand from the global oil and electricity industry. In the oil refining industry, waste energy is used in various processes such as refining, thermal cracking and catalytic treatment. Increasing focus on waste-to-energy products for energy savings in the energy industry is expected to drive the market. This liquid-liquid phase is used as cooling water in the condensers of heat recovery devices, by liquefying the preheated vapors, no water is used. The liquid injection process segment is expected to witness the highest growth of 7.3 percent during the forecast period, driven by demand from the pharmaceutical industry. Waste-to-energy systems are essential to improve energy efficiency in the chemical industry. The thermal regeneration system includes, in part, the elimination of CO2 exchange and improved corrosion resistance of heat recovery equipment. Products in this segment recover residual heat (or cooling capacity) after the main operation of electrical equipment. Thermal regeneration systems, oil refining, chemical industry, cement, metal production and foundry, paper and pulp, electric power etc. widely used in the fields. They are used only in the oil refining, cement and chemical industries.
Regional Insights
Steel production in North America increased 7.4% in 2022. The steel and heavy metal industry in the region is growing at a good rate and the waste energy industry is expected to grow steadily in 2017. According to the CEFIC report, the European region has a strong chemical industry and is growing steadily. The growth of the pharmaceutical industry in the region is expected to contribute to the growth of sales of renewable energy sources. Steady growth in the oil, gas and chemical industry in the Middle East and Africa region is expected to hold great potential for the growth of renewable energy sources in the future. The oil and gas industry in Latin America is expected to grow at a moderate rate in the coming years due to oil reserves in Venezuela, which could lead to growth of the waste-to-energy business in the region. Asia Pacific is expected to provide many benefits for the growth of the renewable energy market in the region. The chemicals, fertilizers, chemicals and heavy metals business in China and India has grown significantly in recent years. Therefore, the waste electronics recycling market is expected to witness higher growth in the coming years.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 WASTE HEAT RECOVERY SYSTEM MARKET
OVERVIEW, BY TEMPERATURE
6.1 Global Market Revenue & Share Analysis, By Temperature
6.1.1 Up To 230 °C
6.1.2 230 °C - 650 °C
6.1.3 Above 650 °C
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 WASTE HEAT RECOVERY SYSTEM MARKET
OVERVIEW, BY INDUSTRY
7.1 Global Market Revenue & Share Analysis, By Industry
7.1.1 Chemical & Petroleum Refining
7.1.2 Heavy Metal Manufacturing
7.1.3 Pulp & Paper
7.1.4 Food & Beverage
7.1.5 Other Industries
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 WASTE HEAT RECOVERY SYSTEM MARKET
OVERVIEW, BY TECHNIQUE
8.1 Global Market Revenue & Share Analysis, By Technique
8.1.1 Heat Exchangers
8.1.2 Thermal Wheels
8.1.3 Recuperators
8.1.4 Regenerators
8.1.5 Economizer
8.1.6 Heat Pumps
8.1.7 Other Techniques
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 WASTE HEAT RECOVERY SYSTEM MARKET
OVERVIEW, BY APPLICATION
9.1 Global Market Revenue & Share Analysis, By Application
9.1.1 Temperature Control
9.1.2 Pre-Heating Systems
9.1.3 Electricity & Power Generation
9.1.4 Other Applications
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 WASTE HEAT RECOVERY SYSTEM MARKET OVERVIEW,
BY REGION
10.1 Global Market Revenue & Share Analysis, By Region
10.1.1 North America
10.1.2 Europe
10.1.3 Asia Pacific
10.1.4 Middle East & Africa
10.1.5 South America
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 NORTH AMERICA MARKET ANALYSIS
11.1 North America Market Revenue & Share Analysis, By
Temperature
11.2 North America Market Revenue & Share Analysis, By Industry
11.3 North America Market Revenue & Share Analysis, By
Technique
11.4 North America Market Revenue & Share Analysis, By
Application
11.5 North America Market Revenue & Share Analysis, By Country
11.5.1 US
11.5.2 Canada
11.5.3 Mexico
11.6 Key Takeaways
12 EUROPE MARKET ANALYSIS
12.1 Europe Market Revenue & Share Analysis, By Temperature
12.2 Europe Market Revenue & Share Analysis, By Industry
12.3 Europe Market Revenue & Share Analysis, By Technique
12.4 Europe Market Revenue & Share Analysis, By Application
12.5 Europe Market Revenue & Share Analysis, By Country
12.5.1 UK
12.5.2 Italy
12.5.3 Spain
12.5.4 Germany
12.5.5 France
12.5.6 Rest of Europe
12.6 Key Takeaways
13 ASIA PACIFIC MARKET ANALYSIS
13.1 APAC Market Revenue & Share Analysis, By Temperature
13.2 APAC Market Revenue & Share Analysis, By Industry
13.3 APAC Market Revenue & Share Analysis, By Technique
13.4 APAC Market Revenue & Share Analysis, By Application
13.5 APAC Market Revenue & Share Analysis, By Country
13.5.1 China
13.5.2 Japan
13.5.3 India
13.5.4 South Korea
13.5.5 Rest of APAC
13.6 Key Takeaways
14 MIDDLE EAST & AFRICA MARKET
ANALYSIS
14.1 MEA Market Revenue & Share Analysis, By Temperature
14.2 MEA Market Revenue & Share Analysis, By Industry
14.3 MEA Market Revenue & Share Analysis, By Technique
14.4 MEA Market Revenue & Share Analysis, By Application
14.5 MEA Market Revenue & Share Analysis, By Country
14.5.1 GCC
14.5.2 South Africa
14.5.3 Rest of MEA
14.6 Key Takeaways
15 SOUTH AMERICA MARKET ANALYSIS
15.1 SA Market Revenue & Share Analysis, By Temperature
15.2 SA Market Revenue & Share Analysis, By Industry
15.3 SA Market Revenue & Share Analysis, By Technique
15.4 SA Market Revenue & Share Analysis, By Application
15.5 SA Market Revenue & Share Analysis, By Country
15.5.1 Brazil
15.5.2 Argentina
15.5.3 Rest of SA
15.6 Key Takeaways
16 COMPETITIVE SCENARIO
16.1 Overview
16.2 Key Players Market Share Analysis
16.3 Recent Developments & Source Launches
16.4 Mergers & Acquisitions
16.5 Partnerships, Agreements & Collaborations
17 COMPANY PROFILES
17.1 Overview
17.2 Key players
17.2.1 ABB Ltd. (Switzerland)
17.2.1.1 Business Overview
17.2.1.2 Product Offered
17.2.1.3 Financial Insights
17.2.1.4 Strategic Developments
17.2.1.4.1 New Product Launches
17.2.1.4.2 Agreements & Collaborations
17.2.1.5 Business Aspects (NOISE Analysis)
17.2.1.5.1 Key Strengths
17.2.1.5.2 Opportunities
17.2.1.5.3 Weaknesses & Competitive Threats
17.2.1.5.4 Needs & Improvements
17.2.2 Wood (John Wood Group Plc) (UK)
17.2.3 Ormat Technologies Inc. (US)
17.2.4 General Electric Co. (US)
17.2.5 Mitsubishi Heavy Industries Ltd
17.2.6 (Japan), Alfa Laval (Sweden)
17.2.7 Econotherm Ltd. (UK)
17.2.8 Thermax Limited (India)
17.2.9 Siemens AG (Germany)
17.2.10 Cool Energy Inc. (US)
18 DISCLAIMER
19 APPENDIX
