余热回收系统市场规模、份额、成长分析、按应用、按最终用途行业、按组件、按温度、按地区 - 行业预测，2024-2031 年

2022年，余热回收系统的全球市场规模为665亿美元，从2023年的724.2亿美元成长到2031年的1432.4亿美元，预计在预测期内（2024-2031年）将以复合年增长率增长。 8.9%。

由于对温室气体排放的日益关注和严格的碳减排法规，全球废热回收系统（WHRS）市场预计将大幅扩张。作为能源回收热交换器，余热回收系统透过有效回收来自热源（例如热柴油发电机废气或冷却塔蒸气）的热量来提高整个过程的效率。儘管由于卡诺效率的限制，利用低温废热发电存在挑战，但此类系统的采用正在加速，特别是在北美。美国在北美余热回收市场中处于领先地位，主要是因为燃煤发电厂越来越多地采用余热回收技术来优化排放并生产零排放电力。提高热效率同时满足法规要求的双重好处是产品需求的主要驱动力。通用电气和Terrapin等行业领导者正在透过技术创新和市场竞争进一步推动市场成长。随着监管环境的收紧和能源效率变得至关重要，余热回收系统对于寻求提高永续性指标和业务效率的产业来说是一个可行的解决方案，使其成为向绿色能源过渡的重要组成部分。

目录

介绍

• 研究目的
• 调查范围
• 定义

调查方法

• 资讯采购
• 二手资料和主要资料方法
• 市场规模预测
• 市场假设与限制

执行摘要

• 全球市场展望
• 供需趋势分析
• 按细分市场的机会分析

市场动态及展望

• 市场概况
• 市场规模
• 市场动态
  • 驱动因素和机会
  • 抑制因素和挑战
• 波特分析与影响
  • 竞争公司之间的敌对关係
  • 替代品的威胁
  • 买方议价能力
  • 新进入者的威胁
  • 供应商的议价能力

主要市场考察

• 关键成功因素
• 竞争程度
• 主要投资机会
• 市场生态系统
• 监管环境
• 专利分析
• 价值链分析
• 案例研究分析
• 客户和购买标准分析
• PESTEL分析
• 总体经济指标
• 市场吸引力指数
• 原料分析
• 供应链分析
• 价格分析

余热回收系统市场规模：依应用与复合年增长率（2024-2031）

• 市场概况
• 预热
• 蒸气和发电
• 发电
• 其他的

余热回收系统市场规模：依最终用途产业及复合年增长率（2024-2031）

• 市场概况
• 精製
• 化学品
• 水泥
• 金属生产和铸造
• 纸浆/纸
• 饮食
• 玻璃
• 其他的

余热回收系统市场规模：依组成部分及复合年增长率（2024-2031）

• 市场概况
• 热交换器
  • 回收装置
  • 播放设备
  • 节热器
  • 热管
  • 废热锅炉
  • 其他的
• 锅炉
• 涡轮
• 热泵
• 其他的

余热回收系统市场规模：依温度及复合年增长率（2024-2031）

• 市场概况
• 100℃～230℃
• 231℃～450℃
• 450℃以上

余热回收系统市场规模：依地区及复合年增长率（2024-2031）

• 北美洲
  • 美国
  • 加拿大
• 欧洲
  • 英国
  • 德国
  • 西班牙
  • 法国
  • 义大利
  • 其他欧洲国家地区
• 亚太地区
  • 中国
  • 印度
  • 日本
  • 韩国
  • 其他亚太地区
• 拉丁美洲
  • 巴西
  • 其他拉丁美洲地区
• 中东和非洲
  • 海湾合作委员会国家
  • 南非
  • 其他中东/非洲

竞争资讯

• 前5名企业对比
• 主要企业市场定位（2023年）
• 主要市场参与者所采取的策略
• 近期市场趋势
• 公司市场占有率分析（2023）
• 主要企业简介
  • 公司简介
  • 产品系列分析
  • 按细分市场分類的份额分析
  • 收益与前一年同期比较（2021-2023）

主要企业简介

• Siemens AG
• General Electric Company
• ABB Ltd.
• Mitsubishi Heavy Industries Ltd.
• Thermax Limited
• Ormat Technologies Inc.
• Echogen Power Systems Inc.
• GEA Group AG
• Boustead International Heaters Ltd.
• Doosan Heavy Industries & Construction Co. Ltd.
• HRS Heat Exchangers Ltd.
• Marathon Engine Systems
• MTPV Power Corporation
• Kawasaki Heavy Industries Ltd.
• Sigma Thermal Inc.
• Forbes Marshall
• Exodraft Ltd.
• Alfa Laval AB
• Toshiba Mitsubishi-Electric Industrial Systems Corporation

结论和建议

Global Waste Heat Recovery System Market size was valued at USD 66.5 billion in 2022 and is poised to grow from USD 72.42 billion in 2023 to USD 143.24 billion by 2031, growing at a CAGR of 8.9% during the forecast period (2024-2031).

The global market for waste heat recovery systems (WHRS) is projected to expand significantly, driven by escalating concerns over greenhouse gas emissions and stringent carbon reduction regulations. WHRS, functioning as energy recovery heat exchangers, effectively repurpose heat from sources like hot diesel generator flue gas and cooling tower steam, thereby enhancing overall process efficiency. Despite challenges in harnessing low-temperature waste heat for electricity generation due to limited Carnot efficiency, the adoption of these systems is being accelerated, particularly in North America. The U.S. is leading the North American WHR market, largely attributed to the increasing implementation of WHRS in coal-fired power plants to optimize emissions and produce zero-emission electricity. This dual benefit of enhancing thermal efficiency while meeting regulatory requirements is significantly driving product demand. Established industry players, including General Electric and Terrapin, are further bolstering market growth through innovation and competitive offerings. Thus, as regulatory frameworks tighten and energy efficiency becomes paramount, WHRS presents a viable solution for industries aiming to improve sustainability metrics and operational efficiency, positioning itself as a crucial component in the transition towards a greener energy landscape.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Waste Heat Recovery System market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Waste Heat Recovery System Market Segmental Analysis

Global Waste Heat Recovery System Market is segmented by application, end use industry, component, temperature and region. Based on application, the market is segmented into preheating, steam & power generation, electricity generation and others. Based on end-use industry, the market is segmented into petroleum refining, chemical, cement, metal production & foundries, pulp & paper, food & beverage, glass and others. Based on component, the market is segmented into heat exchangers (recuperators, regenerators, economizers, heat pipes, waste heat boilers, others), boilers, turbines, heat pumps and others. Based on temperature, the market is segmented into 100°C to 230°C, 231°C to 450°C, Above 450°C. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Waste Heat Recovery System Market

The global waste heat recovery system market is primarily propelled by several significant factors, including the surging population, stringent energy emission standards, and swift industrial mechanization. The escalating need for affordable and efficient energy and electricity sources constitutes the core driver behind the growth of this market. Additionally, the growing preference for diesel vehicles, especially within the commercial sector, further enhances the adoption of waste heat recovery (WHR) systems. These interconnected trends underline the demand for innovative solutions that optimize energy use and reduce environmental impact, ultimately shaping the landscape of the waste heat recovery system market worldwide.

Restraints in the Global Waste Heat Recovery System Market

The growth of the Global Waste Heat Recovery System market is currently hindered by several factors, with one significant restraint being the high capital investment required for implementing waste heat recovery units. This substantial initial expenditure deters many potential adopters, limiting the market's expansion. Additionally, there is a noticeable shift towards electric propulsion in light-duty vehicles, particularly in developed nations, which further impacts the adoption of traditional waste heat recovery systems. As manufacturers and consumers increasingly prioritize electric solutions, the demand for waste heat recovery technology may decline, posing challenges for market growth and innovation.

Market Trends of the Global Waste Heat Recovery System Market

The Global Waste Heat Recovery System market is witnessing a significant upward trend driven by continuous technological advancements aimed at enhancing energy efficiency across various industries. Innovations such as improved heat exchanger designs, advanced thermoelectric generators, and integrated control systems are increasingly being adopted to capture and repurpose excess heat generated from industrial processes and power generation. This surge in adoption not only helps in reducing operational costs but also aligns with global sustainability goals, minimizing carbon footprints. As regulations tighten and the demand for energy-efficient solutions grows, the market is poised for robust growth in the coming years, making waste heat recovery systems an essential investment for businesses.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Regulatory Landscape
• Patent Analysis
• Value Chain Analysis
• Case Study Analysis
• Customer & Buying Criteria Analysis
• PESTEL Analysis
• Macro-Economic Indicators
• Market Attractiveness Index
• Raw Material Analysis
• Supply Chain Analysis
• Pricing Analysis

Waste Heat Recovery System Market Size by Application & CAGR (2024-2031)

• Market Overview
• Preheating
• Steam & Power Generation
• Electricity Generation
• Others

Waste Heat Recovery System Market Size by End-Use Industry & CAGR (2024-2031)

• Market Overview
• Petroleum Refining
• Chemical
• Cement
• Metal Production & Foundries
• Pulp & Paper
• Food & Beverage
• Glass
• Others

Waste Heat Recovery System Market Size by Component & CAGR (2024-2031)

• Market Overview
• Heat Exchangers
  • Recuperators
  • Regenerators
  • Economizers
  • Heat Pipes
  • Waste Heat Boilers
  • Others
• Boilers
• Turbines
• Heat Pumps
• Others

Waste Heat Recovery System Market Size by Temperature & CAGR (2024-2031)

• Market Overview
• 100°C to 230°C
• 231°C to 450°C
• Above 450°C

Waste Heat Recovery System Market Size & CAGR (2024-2031)

• North America, (Application, End-Use Industry, Component, Temperature)
  • US
  • Canada
• Europe, (Application, End-Use Industry, Component, Temperature)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Application, End-Use Industry, Component, Temperature)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Application, End-Use Industry, Component, Temperature)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Application, End-Use Industry, Component, Temperature)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Siemens AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Electric Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ABB Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Heavy Industries Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thermax Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ormat Technologies Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Echogen Power Systems Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GEA Group AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Boustead International Heaters Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Doosan Heavy Industries & Construction Co. Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• HRS Heat Exchangers Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Marathon Engine Systems
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• MTPV Power Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kawasaki Heavy Industries Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sigma Thermal Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Forbes Marshall
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Exodraft Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Alfa Laval AB
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toshiba Mitsubishi-Electric Industrial Systems Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation