Global Waste Heat Recovery Market 2020-2024
Technavio has been monitoring the waste heat recovery market and it is poised to grow by $ 11.31 billion during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on waste heat recovery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in industrialization in BRICS, increase in energy costs and stringent emission regulations. In addition, the rise in industrialization in BRICS is anticipated to boost the growth of the market as well.
The waste heat recovery market analysis includes end-user segment and geographic landscapes.
Technavio's waste heat recovery market is segmented as below:
- Chemical. Petroleum refining
- Commercial and institutional
- Food and beverages
- Other end-users
By Geographic Landscapes
- North America
- South America
This study identifies the emergence of advanced technologies for waste heat recovery as one of the prime reasons driving the waste heat recovery market growth during the next few years. Also, rise in use of waste heat recovery systems in combustion engines and emergence of direct waste heat recovery using thermoelectric materials will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our waste heat recovery market covers the following areas:
- Waste heat recovery market sizing
- Waste heat recovery market forecast
- Waste heat recovery market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading waste heat recovery market vendors that include ABB Ltd., Alfa Laval AB, Clean Energy Technologies Inc., GEA Group Aktiengesellschaft, General Electric Co., John Wood Group Plc, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Siemens AG, and Thermax Ltd.. Also, the waste heat recovery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.