Electricity and Steam Generation Cement Waste Heat Recovery Systems

Global Electricity and Steam Generation Cement Waste Heat Recovery Systems Market to Reach US$25.4 Billion by 2030

The global market for Electricity and Steam Generation Cement Waste Heat Recovery Systems estimated at US$16.5 Billion in the year 2024, is expected to reach US$25.4 Billion by 2030, growing at a CAGR of 7.5% over the analysis period 2024-2030. 230°C, one of the segments analyzed in the report, is expected to record a 8.4% CAGR and reach US$14.5 Billion by the end of the analysis period. Growth in the 230°C - 650 °C segment is estimated at 6.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.5 Billion While China is Forecast to Grow at 11.9% CAGR

The Electricity and Steam Generation Cement Waste Heat Recovery Systems market in the U.S. is estimated at US$4.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2030 trailing a CAGR of 11.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.7% and 7.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.0% CAGR.

Global Electricity & Steam Generation Cement Waste Heat Recovery System Market – Key Trends & Drivers Summarized

Why Is Waste Heat Recovery Gaining Strategic Priority in the Cement Industry’s Energy Transition?
Waste heat recovery (WHR) systems for electricity and steam generation are becoming increasingly critical in the cement industry’s effort to reduce operational costs, improve energy efficiency, and lower carbon emissions. Cement production is highly energy-intensive, with over 30% of total energy input typically lost as waste heat in exhaust gases from kilns, coolers, and preheaters. WHR systems capture this thermal energy and convert it into usable power or steam, enabling partial substitution of grid electricity and fossil fuel-based boilers. Amid growing pressure to decarbonize, cement manufacturers are turning to WHR as a proven, commercially viable strategy to improve sustainability without altering the core manufacturing process. Additionally, the push for energy self-sufficiency, particularly in regions with unstable grid supply or high electricity tariffs, is amplifying the appeal of on-site WHR plants. With cement demand rising steadily in emerging markets due to urbanization and infrastructure development, the ability to integrate WHR into both brownfield and greenfield facilities is becoming a key differentiator. These systems not only reduce the plant’s carbon footprint but also improve competitiveness through energy cost savings and emissions-related tax incentives or credits, reinforcing WHR’s strategic role in the future of cement manufacturing.

How Are Technology Innovations Enhancing Waste Heat Recovery System Efficiency and Scalability?
Advancements in thermodynamic engineering and heat exchange technology are significantly improving the performance, modularity, and reliability of cement waste heat recovery systems. Modern WHR solutions now feature optimized heat exchangers, economizers, and thermal storage modules that can operate efficiently across varying kiln configurations and gas flow patterns. Organic Rankine Cycle (ORC) systems are increasingly being deployed as an alternative to traditional Steam Rankine Cycle setups, especially in plants with lower-grade or fluctuating heat sources. ORC systems offer higher efficiency at part loads, reduced water consumption, and simpler operational requirements, making them well-suited for cement facilities in water-scarce or remote areas. Pre-engineered modular WHR packages are enabling faster deployment and easier retrofitting, while advanced control systems equipped with IoT sensors and digital twins are enhancing real-time performance optimization and predictive maintenance. Moreover, hybrid WHR configurations are being explored to generate both electricity and process steam simultaneously, optimizing energy recovery across multiple applications within the plant. The use of corrosion-resistant materials, intelligent fouling management, and compact turbine design is further improving equipment lifespan and lowering O&M costs. These innovations are expanding the operational viability of WHR systems and aligning them with the evolving efficiency and automation needs of the global cement sector.

What Industry Pressures and Regulatory Mandates Are Driving Adoption of WHR in Cement Plants?
A combination of economic, environmental, and regulatory factors is accelerating the adoption of electricity and steam generation waste heat recovery systems in the cement industry. Carbon pricing mechanisms, emissions trading schemes, and industrial decarbonization roadmaps are placing direct cost pressure on cement producers to reduce their environmental impact. WHR systems help companies achieve Scope 1 and Scope 2 emissions reductions by offsetting fossil fuel consumption and reducing dependency on carbon-intensive grid power. Government-backed energy efficiency programs, industrial electrification targets, and tax incentives for renewable and recovered energy projects are further motivating investment in WHR technologies. In some countries, regulatory bodies are mandating the inclusion of WHR systems in new large-scale cement plant permits, especially in pollution-sensitive zones. Financial institutions and development banks are also incorporating WHR integration as a requirement for green financing or ESG-compliant capital deployment. In parallel, customer and investor scrutiny of corporate sustainability performance is pushing cement manufacturers to adopt visible, metrics-driven decarbonization measures—of which WHR is a core component. These external pressures, combined with rising energy prices and global supply chain volatility, are reinforcing WHR as both a risk mitigation and compliance enabler in cement plant operations.

>What Is Driving the Growth of the Electricity & Steam Generation Cement WHR System Market Across Regions?
The growth in the electricity and steam generation cement waste heat recovery system market is driven by intersecting trends in industrial energy management, sustainability mandates, and regional infrastructure expansion. Cement producers in Asia-Pacific—particularly in China, India, and Southeast Asia—are leading in WHR deployment due to high production volumes, favorable policy incentives, and growing electricity demand. In Europe, decarbonization commitments and carbon pricing frameworks under the EU Emissions Trading System are prompting widespread adoption of WHR in the cement sector. Middle Eastern producers are leveraging WHR to stabilize energy costs in arid climates where water scarcity and power reliability are critical concerns. Latin America and Africa are seeing rising interest in WHR as governments promote self-sufficient industrial infrastructure and renewable-aligned economic growth. Global cement majors are adopting group-wide WHR strategies to meet corporate net-zero targets and green procurement criteria set by construction clients. Advances in modular engineering and flexible financing models are reducing upfront barriers and enabling broader adoption across mid-sized plants. Additionally, the integration of WHR systems into digital plant ecosystems is allowing for continuous optimization and ROI tracking. These combined drivers are positioning WHR systems as an essential tool for cement manufacturers to enhance operational efficiency, reduce emissions, and build long-term energy resilience.

SCOPE OF STUDY:

The report analyzes the Electricity and Steam Generation Cement Waste Heat Recovery Systems market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Temperature (230°C, 230°C - 650 °C, Above 650 °C); Application (Steam Rankine Cycle, Organic Rankine Cycle, Kalina Cycle)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 47 Featured) -

• ABB Ltd.
• Alstom SA
• AMSEnergy Corp
• Bharat Heavy Electricals Limited (BHEL)
• Bosch Industriekessel GmbH
• Cemengal S.A.
• China Energy Engineering Corporation (CEEC)
• China National Building Material Group Corporation (CNBM)
• Climeon AB
• Cochran Ltd.
• CTP Team Srl
• Ducon Technologies Inc.
• Ecorporates GmbH
• FLSmidth & Co. A/S
• General Electric Company (GE)
• HRS Heat Exchangers Ltd.
• Indeck Power Equipment Company
• Ishikawajima-Harima Heavy Industries Co., Ltd. (IHI)
• Siemens AG
• Toshiba Energy Systems & Solutions Corporation

TARIFF IMPACT FACTOR

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APRIL 2025: NEGOTIATION PHASE

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