Global Waste Heat Recovery System Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch＇s in-depth investigation and research, the global Waste Heat Recovery System market size will reach 871.81 Million USD in 2025 and is projected to reach 1,024.34 Million USD by 2032, with a CAGR of 2.33% (2025-2032). Notably, the China Waste Heat Recovery System market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be  Million USD, representing approximately  % of the global market share.

Research Summary

A waste heat recovery system is a technology designed to capture and utilize the heat generated as a byproduct of industrial processes or other sources of waste heat. These systems extract heat that would otherwise be wasted and convert it into useful energy, such as electricity, steam, hot water, or air conditioning. Waste heat can be recovered from various sources, including exhaust gases from industrial furnaces, engines, and boilers, as well as process water, refrigeration systems, and other equipment. Waste heat recovery systems typically consist of heat exchangers, which transfer heat from the waste heat source to a working fluid, such as water or thermal oil. The working fluid is then used to generate power through turbines, engines, or heat pumps, or to provide heating or cooling for other processes. By recovering and reusing waste heat, these systems help improve energy efficiency, reduce greenhouse gas emissions, and lower energy costs for industrial facilities and other applications.

The major global  manufacturers of Waste Heat Recovery System include Sinoma Energy Conservation, Kawasaki, CITIC Heavy Industries, Thermax, Turboden, Kesen Kenen, Boustead International Heaters, Exergy International, Orcan, Enertime, ElectraTherm, Climeon, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Waste Heat Recovery System. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Waste Heat Recovery System market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Waste Heat Recovery System market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Waste Heat Recovery System industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Waste Heat Recovery System Include:

Sinoma Energy Conservation

Kawasaki

CITIC Heavy Industries

Thermax

Turboden

Kesen Kenen

Boustead International Heaters

Exergy International

Orcan

Enertime

ElectraTherm

Climeon

Waste Heat Recovery System Product Segment Include:

Steam Rankine Cycle

Organic Rankine Cycle

Waste Heat Recovery System Product Application Include:

Cement

Steel

Petroleum Refining

Chemical

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Waste Heat Recovery System Industry PESTEL Analysis

Chapter 3: Global Waste Heat Recovery System Industry Porter's Five Forces Analysis

Chapter 4: Global Waste Heat Recovery System Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 5: Global Waste Heat Recovery System Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 6: Global Waste Heat Recovery System Sales, Revenue, Price and Forecast by Product Type

Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 8: Industrial Chain Analysis, Waste Heat Recovery System Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology and Data Sources Show more