餘熱回收系統市場規模、佔有率、成長分析、按應用、按最終用途行業、按組件、按溫度、按地區 - 行業預測，2024-2031 年

2022年，餘熱回收系統的全球市場規模為665億美元，從2023年的724.2億美元成長到2031年的1432.4億美元，預計在預測期內（2024-2031年）將以複合年成長率成長。 8.9%。

由於對溫室氣體排放的日益關注和嚴格的碳減排法規，全球廢熱回收系統（WHRS）市場預計將大幅擴張。作為能源回收熱交換器，餘熱回收系統透過有效回收來自熱源（例如熱柴油發電機廢氣或冷卻塔蒸氣）的熱量來提高整個過程的效率。儘管由於卡諾效率的限制，利用低溫廢熱發電存在挑戰，但此類系統的採用正在加速，特別是在北美。美國在北美餘熱回收市場中處於領先地位，主要是因為燃煤發電廠擴大採用餘熱回收技術來最佳化排放並生產零排放電力。提高熱效率同時滿足法規要求的雙重好處是產品需求的主要驅動力。通用電氣和Terrapin等行業領導者正在透過技術創新和市場競爭進一步推動市場成長。隨著監管環境的收緊和能源效率變得至關重要，餘熱回收系統對於尋求提高永續性指標和業務效率的產業來說是一個可行的解決方案，使其成為向綠色能源過渡的重要組成部分。

目錄

介紹

• 研究目的
• 調查範圍
• 定義

調查方法

• 資訊採購
• 二手資料和主要資料方法
• 市場規模預測
• 市場假設與限制

執行摘要

• 全球市場展望
• 供需趨勢分析
• 按細分市場的機會分析

市場動態及展望

• 市場概況
• 市場規模
• 市場動態
  • 促進因素和機遇
  • 抑制因素和挑戰
• 波特分析與影響
  • 競爭公司之間的敵對關係
  • 替代品的威脅
  • 買方議價能力
  • 新進入者的威脅
  • 供應商的議價能力

主要市場考察

• 關鍵成功因素
• 競爭程度
• 主要投資機會
• 市場生態系統
• 監管環境
• 專利分析
• 價值鏈分析
• 案例研究分析
• 客戶和購買標準分析
• PESTEL分析
• 總體經濟指標
• 市場吸引力指數
• 原料分析
• 供應鏈分析
• 價格分析

餘熱回收系統市場規模：依應用與複合年成長率（2024-2031）

• 市場概況
• 預熱
• 蒸氣和發電
• 發電
• 其他

餘熱回收系統市場規模：依最終用途產業及複合年成長率（2024-2031）

• 市場概況
• 精製
• 化學品
• 水泥
• 金屬生產和鑄造
• 紙漿/紙
• 飲食
• 玻璃
• 其他

餘熱回收系統市場規模：依組成部分及複合年成長率（2024-2031）

• 市場概況
• 熱交換器
  • 回收裝置
  • 播放設備
  • 節熱器
  • 熱管
  • 廢熱鍋爐
  • 其他
• 鍋爐
• 渦輪
• 熱泵
• 其他

餘熱回收系統市場規模：依溫度及複合年成長率（2024-2031）

• 市場概況
• 100度C～230度C
• 231度C～450度C
• 450度C以上

餘熱回收系統市場規模：依地區及複合年成長率（2024-2031）

• 北美洲
  • 美國
  • 加拿大
• 歐洲
  • 英國
  • 德國
  • 西班牙
  • 法國
  • 義大利
  • 其他歐洲國家地區
• 亞太地區
  • 中國
  • 印度
  • 日本
  • 韓國
  • 其他亞太地區
• 拉丁美洲
  • 巴西
  • 其他拉丁美洲地區
• 中東和非洲
  • 海灣合作理事會國家
  • 南非
  • 其他中東/非洲

競爭資訊

• 前5名企業對比
• 主要企業市場定位（2023年）
• 主要市場參與者所採取的策略
• 近期市場趨勢
• 公司市場佔有率分析（2023）
• 主要企業簡介
  • 公司簡介
  • 產品系列分析
  • 按細分市場分類的佔有率分析
  • 收益與前一年同期比較（2021-2023）

主要企業簡介

• 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

結論和建議

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