Global Waste Heat Recovery Market 2020-2024

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:

By End-user

  • Chemical. Petroleum refining
  • Paper
  • Commercial and institutional
  • Food and beverages
  • Metal
  • Other end-users
By Geographic Landscapes
  • North America
  • Europe
  • APAC
  • MEA
  • 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.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Industrial machinery
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019-2024 ($ million)
      • Table Global - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Global market: Year-over-year growth 2019-2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by End-user
    • Market segments
      • Table End-user - Market share 2019-2024 (%)
    • Comparison by End-user
      • Table Comparison by End-user
    • Chemical - Market size and forecast 2019-2024
      • Table Chemical - Market size and forecast 2019-2024 ($ million)
      • Table Chemical - Market size and forecast 2019-2024 ($ million) exclusive of COVID- 19 effect
      • Table Chemical - Year-over-year growth 2019-2024 (%)
    • Petroleum refining - Market size and forecast 2019-2024
      • Table Petroleum refining - Market size and forecast 2019-2024 ($ million)
      • Table Petroleum refining - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Petroleum refining - Year-over-year growth 2019-2024 (%)
    • Paper - Market size and forecast 2019-2024
      • Table Paper - Market size and forecast 2019-2024 ($ million)
      • Table Paper - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Paper - Year-over-year growth 2019-2024 (%)
    • Commercial and institutional - Market size and forecast 2019-2024
      • Table Commercial and institutional - Market size and forecast 2019-2024 ($ million)
      • Table Commercial and institutional - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Commercial and institutional - Year-over-year growth 2019-2024 (%)
    • Food and beverages - Market size and forecast 2019-2024
      • Table Food and beverages - Market size and forecast 2019-2024 ($ million)
      • Table Food and beverages - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Food and beverages - Year-over-year growth 2019-2024 (%)
    • Metal - Market size and forecast 2019-2024
      • Table Metal - Market size and forecast 2019-2024 ($ million)
      • Table Metal- Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Metal - Year-over-year growth 2019-2024 (%)
    • Other end-users - Market size and forecast 2019- 2024
      • Table Other end-users - Market size and forecast 2019-2024 ($ million)
      • Table Other end-users - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Other end-users - Year-over-year growth 2019-2024 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user
  • Customer Landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers - Demand led growth
      • Rise in industrialization in BRICS
      • Increase in energy cost
      • Stringent emission regulations
    • Market challenges
      • Concerns related to fouling in waste heat recovery systems
      • Challenges associated with the use of low-temperature waste heat recovery systems
      • High implementation cost of waste heat recovery systems
        • Table Impact of drivers and challenges
    • Market trends
      • Emergence of direct waste heat recovery using thermoelectric materials
      • Rise in use of waste heat recovery systems in combustion engines
      • Emergence of advanced technologies for waste heat recovery
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB Ltd.
      • Table ABB Ltd. - Overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Key news
      • Table ABB Ltd. - Key offerings
      • Table ABB Ltd. - Segment focus
    • Alfa Laval AB
      • Table Alfa Laval AB - Overview
      • Table Alfa Laval AB - Business segments
      • Table Alfa Laval AB - Key news
      • Table Alfa Laval AB - Key offerings
      • Table Alfa Laval AB - Segment focus
    • Clean Energy Technologies Inc.
      • Table Clean Energy Technologies Inc. - Overview
      • Table Clean Energy Technologies Inc. - Business segments
      • Table Clean Energy Technologies Inc. - Key news
      • Table Clean Energy Technologies Inc. - Key offerings
      • Table Clean Energy Technologies Inc. - Segment focus
    • GEA Group Aktiengesellschaft
      • Table GEA Group Aktiengesellschaft - Overview
      • Table GEA Group Aktiengesellschaft - Business segments
      • Table GEA Group Aktiengesellsschaft - Key news
      • Table GEA Group Aktiengesellschaft - Key offerings
      • Table GEA Group Aktiengesellschaft - Segment focus
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key news
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • John Wood Group Plc
      • Table John Wood Group Plc - Overview
      • Table John Wood Group Plc - Business segments
      • Table John Wood Plc - Key news
      • Table John Wood Group Plc - Key offerings
      • Table John Wood Group Plc - Segment focus
    • Mitsubishi Heavy Industries Ltd.
      • Table Mitsubishi Heavy Industries Ltd. - Overview
      • Table Mitsubishi Heavy Industries Ltd. - Business segments
      • Table Mitsubishi Heavy Industries Ltd. - Key news
      • Table Mitsubishi Heavy Industries Ltd. - Key offerings
      • Table Mitsubishi Heavy Industries Ltd. - Segment focus
    • Robert Bosch GmbH
      • Table Robert Bosch GmbH - Overview
      • Table Robert Bosch GmbH - Business segments
      • Table Robert Bosch GmbH - Key news
      • Table Robert Bosch GmbH - Key offerings
      • Table Robert Bosch GmbH - Segment focus
    • Siemens AG
      • Table Siemens AG - Overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Key news
      • Table Siemens AG - Key offerings
      • Table Siemens AG - Segment focus
    • Thermax Ltd.
      • Table Thermax Ltd. - Overview
      • Table Thermax Ltd. - Business segments
      • Table Thermax Ltd. - Key news
      • Table Thermax Ltd. - Key offerings
      • Table Thermax Ltd. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook