The global waste heat recovery market is forecasted to grow by USD 27436.6 mn during 2025-2030, accelerating at a CAGR of 7.5% during the forecast period. The report on the global 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by intensifying regulatory frameworks and carbon decarbonization mandates, rising cost of primary industrial energy and volatile fuel markets, proliferation of data center infrastructure and modern district heating integration.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope |
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 7% |
| CAGR | 7.5% |
| Incremental Value | $27436.6 mn |
Technavio's global waste heat recovery market is segmented as below:
By End-User
- Chemical
- Petroleum refining
- Paper
- Commercial and institutional
- Others
By Technique
- Heat exchangers
- Recuperators
- Heat wheels
- Regenerators
- Others
By Application
- Steam and electricity generation
- Preheating
- Others
Geography
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- APAC
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Middle East and Africa
- South America
- Rest of World (ROW)
This study identifies the integration of megawatt-scale server thermal exhaust into municipal district energy networks as one of the prime reasons driving the global waste heat recovery market growth during the next few years. Also, deployment of thermal energy storage systems and flexible electro-thermal hybrids and advanced organic rankine cycle technology in non-traditional moderate-temperature environments will lead to sizable demand in the market.
The report on the global waste heat recovery market covers the following areas:
- Global waste heat recovery market sizing
- Global waste heat recovery market forecast
- Global waste heat recovery market industry analysis
The 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 global waste heat recovery market vendors that include ABB Ltd., Alfa Laval AB, Babcock and Wilcox, Danfoss AS, Echogen power system Inc, ElectraTherm Inc, ENOGIA SA, Forbes Marshall Pvt. Ltd., GE Vernova Inc., John Wood Group PLC, Kawasaki Heavy Industries Ltd., Kelvion Holding GmbH, Ormat Technologies Inc., Robert Bosch GmbH, Siemens Energy AG, The Cleaver Brooks Co. Inc., Thermax Ltd., Turboden SpA, Veolia Environment SA. Also, the global 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 all forthcoming growth opportunities.
The publisher 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 primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Technique
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- 4.3 Market size 2025
- 4.4 Market outlook: Forecast for 2025-2030
5 Historic Market Size
- 5.1 Global Waste Heat Recovery Market 2020 - 2024
- Historic Market Size - Data Table on Global Waste Heat Recovery Market 2020 - 2024 ($ million)
- 5.2 End-user segment analysis 2020 - 2024
- Historic Market Size - End-user Segment 2020 - 2024 ($ million)
- 5.3 Technique segment analysis 2020 - 2024
- Historic Market Size - Technique Segment 2020 - 2024 ($ million)
- 5.4 Application segment analysis 2020 - 2024
- Historic Market Size - Application Segment 2020 - 2024 ($ million)
- 5.5 Geography segment analysis 2020 - 2024
- Historic Market Size - Geography Segment 2020 - 2024 ($ million)
- 5.6 Country segment analysis 2020 - 2024
- Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on Global Waste Heat Recovery Market
- 6.2 Impact of geopolitical conflicts on Global Waste Heat Recovery Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
- 7.7 Market condition
8 Market Segmentation by End-user
- 8.1 Market segments
- 8.2 Comparison by End-user
- 8.3 Chemical - Market size and forecast 2025-2030
- 8.4 Petroleum refining - Market size and forecast 2025-2030
- 8.5 Paper - Market size and forecast 2025-2030
- 8.6 Commercial and institutional - Market size and forecast 2025-2030
- 8.7 Others - Market size and forecast 2025-2030
- 8.8 Market opportunity by End-user
- Market opportunity by End-user ($ million)
9 Market Segmentation by Technique
- 9.1 Market segments
- 9.2 Comparison by Technique
- 9.3 Heat exchangers - Market size and forecast 2025-2030
- 9.4 Recuperators - Market size and forecast 2025-2030
- 9.5 Heat wheels - Market size and forecast 2025-2030
- 9.6 Regenerators - Market size and forecast 2025-2030
- 9.7 Others - Market size and forecast 2025-2030
- 9.8 Market opportunity by Technique
- Market opportunity by Technique ($ million)
10 Market Segmentation by Application
- 10.1 Market segments
- 10.2 Comparison by Application
- 10.3 Steam and electricity generation - Market size and forecast 2025-2030
- 10.4 Preheating - Market size and forecast 2025-2030
- 10.5 Others - Market size and forecast 2025-2030
- 10.6 Market opportunity by Application
- Market opportunity by Application ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 North America - Market size and forecast 2025-2030
- 12.3.1 US - Market size and forecast 2025-2030
- 12.3.2 Canada - Market size and forecast 2025-2030
- 12.3.3 Mexico - Market size and forecast 2025-2030
- 12.4 Europe - Market size and forecast 2025-2030
- 12.4.1 Germany - Market size and forecast 2025-2030
- 12.4.2 UK - Market size and forecast 2025-2030
- 12.4.3 France - Market size and forecast 2025-2030
- 12.4.4 Italy - Market size and forecast 2025-2030
- 12.4.5 Spain - Market size and forecast 2025-2030
- 12.4.6 The Netherlands - Market size and forecast 2025-2030
- 12.5 APAC - Market size and forecast 2025-2030
- 12.5.1 China - Market size and forecast 2025-2030
- 12.5.2 India - Market size and forecast 2025-2030
- 12.5.3 Japan - Market size and forecast 2025-2030
- 12.5.4 South Korea - Market size and forecast 2025-2030
- 12.5.5 Australia - Market size and forecast 2025-2030
- 12.5.6 Indonesia - Market size and forecast 2025-2030
- 12.6 Middle East and Africa - Market size and forecast 2025-2030
- 12.6.1 Saudi Arabia - Market size and forecast 2025-2030
- 12.6.2 UAE - Market size and forecast 2025-2030
- 12.6.3 South Africa - Market size and forecast 2025-2030
- 12.6.4 Turkey - Market size and forecast 2025-2030
- 12.6.5 Israel - Market size and forecast 2025-2030
- 12.7 South America - Market size and forecast 2025-2030
- 12.7.1 Brazil - Market size and forecast 2025-2030
- 12.7.2 Argentina - Market size and forecast 2025-2030
- 12.7.3 Chile - Market size and forecast 2025-2030
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Intensifying regulatory frameworks and carbon decarbonization mandates
- Rising cost of primary industrial energy and volatile fuel markets
- Proliferation of data center infrastructure and modern district heating integration
- 13.2 Market challenges
- High capital expenditures and extended return on investment cycles
- Technical mismatch and temporal thermal fluctuations
- Regulatory definition inconsistencies and infrastructure bottlenecks
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
- 13.4 Market opportunities
- Integration of megawatt-scale server thermal exhaust into municipal district energy networks
- Deployment of thermal energy storage systems and flexible electro-thermal hybrids
- Advanced organic rankine cycle technology in non-traditional moderate-temperature environments
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
- SWOT
- 15.5 Alfa Laval AB
- Alfa Laval AB - Overview
- Alfa Laval AB - Business segments
- Alfa Laval AB - Key offerings
- Alfa Laval AB - Segment focus
- SWOT
- 15.6 Babcock and Wilcox
- Babcock and Wilcox - Overview
- Babcock and Wilcox - Business segments
- Babcock and Wilcox - Key offerings
- Babcock and Wilcox - Segment focus
- SWOT
- 15.7 Danfoss AS
- Danfoss AS - Overview
- Danfoss AS - Product / Service
- Danfoss AS - Key offerings
- SWOT
- 15.8 Forbes Marshall Pvt. Ltd.
- Forbes Marshall Pvt. Ltd. - Overview
- Forbes Marshall Pvt. Ltd. - Product / Service
- Forbes Marshall Pvt. Ltd. - Key offerings
- SWOT
- 15.9 GE Vernova Inc.
- GE Vernova Inc. - Overview
- GE Vernova Inc. - Business segments
- GE Vernova Inc. - Key offerings
- GE Vernova Inc. - Segment focus
- SWOT
- 15.10 John Wood Group PLC
- John Wood Group PLC - Overview
- John Wood Group PLC - Business segments
- John Wood Group PLC - Key offerings
- John Wood Group PLC - Segment focus
- SWOT
- 15.11 Kawasaki Heavy Industries Ltd.
- Kawasaki Heavy Industries Ltd. - Overview
- Kawasaki Heavy Industries Ltd. - Business segments
- Kawasaki Heavy Industries Ltd. - Key news
- Kawasaki Heavy Industries Ltd. - Key offerings
- Kawasaki Heavy Industries Ltd. - Segment focus
- SWOT
- 15.12 Kelvion Holding GmbH
- Kelvion Holding GmbH - Overview
- Kelvion Holding GmbH - Product / Service
- Kelvion Holding GmbH - Key offerings
- SWOT
- 15.13 Ormat Technologies Inc.
- Ormat Technologies Inc. - Overview
- Ormat Technologies Inc. - Business segments
- Ormat Technologies Inc. - Key offerings
- Ormat Technologies Inc. - Segment focus
- SWOT
- 15.14 Robert Bosch GmbH
- Robert Bosch GmbH - Overview
- Robert Bosch GmbH - Product / Service
- Robert Bosch GmbH - Key offerings
- SWOT
- 15.15 Siemens Energy AG
- Siemens Energy AG - Overview
- Siemens Energy AG - Business segments
- Siemens Energy AG - Key news
- Siemens Energy AG - Key offerings
- Siemens Energy AG - Segment focus
- SWOT
- 15.16 Thermax Ltd.
- Thermax Ltd. - Overview
- Thermax Ltd. - Business segments
- Thermax Ltd. - Key offerings
- Thermax Ltd. - Segment focus
- SWOT
- 15.17 Turboden SpA
- Turboden SpA - Overview
- Turboden SpA - Product / Service
- Turboden SpA - Key offerings
- SWOT
- 15.18 Veolia Environment SA
- Veolia Environment SA - Overview
- Veolia Environment SA - Business segments
- Veolia Environment SA - Key news
- Veolia Environment SA - Key offerings
- Veolia Environment SA - Segment focus
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations