废热回收系统市场规模、份额及成长分析（按应用、终端用户产业、组件、温度及地区划分）－2026-2033年产业预测

预计到 2024 年，废热回收系统 (WHRS) 市场规模将达到 788.7 亿美元，到 2025 年将成长至 858.8 亿美元，到 2033 年将成长至 1698.8 亿美元，在预测期（2026-2033 年将成长至 1698.8 亿美元，在预测期（2026-2033 年）复合年增长率为 8.9%。

由于全球范围内对温室气体排放的日益关注以及能源效率法规的日益严格，余热回收系统（WHRS）市场正经历显着增长。 WHRS能够有效地从高温製程传输热量，最大限度地提高效率，并促进汽电共生应用。传统上，由于卡诺效率的限制，低温余热回收（0-120 度C）在发电应用中并未充分利用，但持续的技术进步和监管压力正在推动该领域的创新。北美地区，尤其是美国，对WHRS的需求激增，因为各行业正在采用WHRS来减少排放并提高燃煤发电厂的热效率。主要企业也在努力改善能源再利用实践并遵守严格的环境标准，从而进一步推动市场发展。

余热回收系统市场驱动因素

废热回收系统市场的主要驱动因素包括全球人口成长、日益严格的能源排放法规以及各行业机械化进程的加速。快速增长的能源需求推动了对经济高效能源解决方案的需求，进而激发了人们对废热回收技术的兴趣。这些系统透过捕获和再利用废热来最大限度地提高能源效率，从而降低营运成本并符合环境法规。因此，推广永续实践和寻求经济实惠的能源解决方案是推动市场扩张的关键因素。

废热回收系统市场的限制因素

废热回收系统市场的成长受到部署此类系统所需巨额资本投入的限制。安装和维护废热回收装置的初始成本可能相当高昂，这阻碍了潜在投资者和终端用户采用这项技术。这一财务障碍构成了一项重大挑战，因为企业需要权衡初始成本与潜在的长期节能效益。因此，对废热回收解决方案投资的犹豫可能会减缓市场扩张，并限制这项环保技术在各行业中的普及应用。

废热回收系统市场趋势

受持续技术进步的推动，废热回收系统（WHRS）市场呈现显着成长趋势。创新解决方案正助力製造业、发电业和汽车业等各行各业更有效率地捕捉和利用废热。企业日益意识到将WHRS融入业务营运所带来的经济和环境效益，从而降低成本并减少温室气体排放。此外，政府为促进能源效率而製定的严格法规也进一步推动了市场成长。随着各产业寻求永续发展，废热回收技术的应用预计将持续成长，使WHRS成为向循环经济转型过程中的关键要素。

目录

介绍

• 调查目标
• 调查范围
• 定义

调查方法

• 资讯收集
• 二手资料和一手资料方法
• 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
• 细分市场机会分析

市场动态与展望

• 市场规模
• 市场动态
  • 驱动因素和机会
  • 限制与挑战
• 波特的分析和影响

关键市场考察

• 关键成功因素
• 竞争程度
• 关键投资机会
• 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
• 定价分析

废热回收系统市场规模（依应用领域划分）及复合年增长率（2026-2033 年）

• 预热
• 蒸气和发电
• 发电
• 其他的

废热回收系统市场规模（依最终用途产业划分）及复合年增长率（2026-2033 年）

• 炼油
• 化学
• 水泥
• 金属生产和铸造
• 纸浆和造纸
• 食品/饮料
• 玻璃
• 其他的

废热回收系统市场规模（依组件划分）及复合年增长率（2026-2033 年）

• 热交换器
  • 热回收装置
  • 再生器
  • 节热器
  • 热管
  • 废热锅炉
  • 其他的
• 锅炉
• 涡轮
• 热泵
• 其他的

按温度和复合年增长率分類的废热回收系统市场规模（2026-2033 年）

• 100℃～230℃
• 231℃～450℃
• 高于 450 度C

废热回收系统市场规模及复合年增长率（2026-2033）

• 北美洲
  • 美国
  • 加拿大
• 欧洲
  • 英国
  • 德国
  • 西班牙
  • 法国
  • 义大利
  • 其他欧洲地区
• 亚太地区
  • 中国
  • 印度
  • 日本
  • 韩国
  • 亚太其他地区
• 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
  • 其他中东和非洲地区

竞争资讯

• 前五大公司对比
• 主要企业的市场定位（2025 年）
• 主要市场参与者所采取的策略
• 近期市场趋势
• 公司市占率分析（2025 年）
• 主要企业公司简介
  • 公司详情
  • 产品系列分析
  • 依业务板块进行公司股票分析
  • 2021-2023年营收年比比较

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

结论与建议

Waste Heat Recovery System Market size was valued at USD 78.87 Billion in 2024 and is poised to grow from USD 85.88 Billion in 2025 to USD 169.88 Billion by 2033, growing at a CAGR of 8.9% during the forecast period (2026-2033).

The market for waste heat recovery systems (WHRS) is experiencing significant growth due to rising concerns over greenhouse gas emissions and increasing global energy efficiency regulations. WHRS effectively transfers heat from hot processes, maximizing efficiency and facilitating cogeneration applications. Traditionally, low-temperature waste heat recovery (0-120°C) has been underutilized for electricity generation due to limited Carnot efficiencies; however, ongoing advancements and regulatory pressures are driving innovation in this sector. In North America, particularly the United States, demand is surging as industries adopt WHRS to reduce emissions from coal-fired plants and enhance thermal efficiency. The presence of key industry players amplifies market momentum, as companies strive to improve energy reuse practices and align with stringent environmental standards.

Top-down and bottom-up approaches were used to estimate and validate the size of the 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.

Waste Heat Recovery System Market Segments 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 intoheat 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 Waste Heat Recovery System Market

The waste heat recovery system market is primarily propelled by a combination of factors, including a growing global population, stringent energy emission regulations, and accelerated mechanization across various industries. As energy demands surges, there is an increasing necessity for cost-effective and efficient energy solutions, which in turn drives interest in waste heat recovery technologies. These systems enable organizations to maximize energy efficiency by capturing and repurposing waste heat, thereby reducing operational costs and meeting environmental compliance. Consequently, the push for sustainable practices and the pursuit of affordable energy solutions are significant contributors to the market's expansion.

Restraints in the Waste Heat Recovery System Market

The growth of the waste heat recovery system market is being hindered by the substantial capital investment required for these systems. The initial costs associated with acquiring and implementing waste heat recovery units can be quite high, discouraging potential investors and end-users from adopting this technology. This financial barrier poses a significant challenge, as organizations weigh the potential long-term energy savings against the upfront expenses. As a result, the reluctance to invest in waste heat recovery solutions can slow down market expansion, limiting the overall adoption of this environmentally beneficial technology in various industries.

Market Trends of the Waste Heat Recovery System Market

The Waste Heat Recovery System (WHRS) market is witnessing a significant upward trend driven by continuous technological advancements. Innovative solutions are enabling more efficient and effective capture and utilization of waste heat across various industries, including manufacturing, power generation, and automotive. Companies are increasingly recognizing the economic and environmental benefits of integrating WHRS into their operations, facilitating cost savings and reducing greenhouse gas emissions. Additionally, stringent government regulations promoting energy efficiency are further propelling market growth. As industries seek sustainable practices, the adoption of waste heat recovery technologies is expected to expand, positioning WHRS as a critical component in the transition towards a circular economy.

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 (2026-2033)

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

Waste Heat Recovery System Market Size by End-Use Industry & CAGR (2026-2033)

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

Waste Heat Recovery System Market Size by Component & CAGR (2026-2033)

• 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 (2026-2033)

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

Waste Heat Recovery System Market Size & CAGR (2026-2033)

• 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, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• 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