폐열 회수 시스템 시장 : 유형, 구성요소, 온도, 용도, 최종 용도별 - 세계 예측(2025-2030년)

The Waste Heat Recovery System Market was valued at USD 82.89 billion in 2023, expected to reach USD 89.68 billion in 2024, and is projected to grow at a CAGR of 8.44%, to USD 146.23 billion by 2030.

The Waste Heat Recovery System (WHRS) market is focused on capturing and reusing heat from processes that would otherwise be wasted, typically from industrial, automotive, and power generation sectors. The necessity for WHRS arises from the increasing demand for energy efficiency and sustainability, aiming to optimize energy consumption, reduce greenhouse gas emissions, and minimize operational costs. Application areas for WHRS include recovering heat from exhaust gases, cooling water, and even generating electricity through combined heat and power systems. The end-use industries span across manufacturing, petrochemical, cement, and oil and gas, reflecting their significant energy consumption and waste heat generation.

Market growth is driven by factors including escalating global energy prices, stringent environmental regulations pushing for energy conservation, and rapid industrialization. In particular, the integration of renewable energy sources and growing investments in energy-efficient solutions present significant growth opportunities. Countries with proactive government policies, like tax incentives for clean energy adoption and subsidies for energy-efficient technologies, offer promising markets. A surge in technological advancements, like Organic Rankine Cycle (ORC) technology, can further boost the market by enhancing recovery efficiency.

However, challenges such as high initial capital costs, technical complexities in system integration, and economic feasibility for small-scale industries often hamper the market growth. Additionally, a lack of awareness about the benefits and potential returns on investment can be a limiting factor. For businesses, focusing on developing cost-effective solutions and efficient retrofitting systems is crucial. Conducting extensive R&D on improved materials and systems can foster innovation, particularly in hybrid or multi-generation systems that allow better energy conversions.

In essence, the WHRS market thrives on its ability to align with global sustainability goals and energy optimization needs. By capitalizing on technological advancements and expanding into emerging markets with supportive policy frameworks, businesses can harness the burgeoning opportunities within this vital field.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Waste Heat Recovery System Market

The Waste Heat Recovery System Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Growing electricity consumption and rising use of waste heat recovery system in power generation
  • Favorable government initiatives for waste heat recovery technologies
  • Emerging adoption of waste heat recovery systems in chemical, metal production, and food industries
• Market Restraints
  • High cost of implementing the waste heat recovery process for small-scale operations
• Market Opportunities
  • Surging research and development activities for optimizing existing heat recovery technologies
  • Rising investments in system development and new product innovations for waste heat recovery technologies
• Market Challenges
  • Concerns related to temperature restrictions and transportation

Porter's Five Forces: A Strategic Tool for Navigating the Waste Heat Recovery System Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Waste Heat Recovery System Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Waste Heat Recovery System Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Waste Heat Recovery System Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Waste Heat Recovery System Market

A detailed market share analysis in the Waste Heat Recovery System Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Waste Heat Recovery System Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Waste Heat Recovery System Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Waste Heat Recovery System Market

A strategic analysis of the Waste Heat Recovery System Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Waste Heat Recovery System Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Air Squared, Inc., Alfa Laval AB, Alstom SA, Anguil Environmental Systems, Inc., Astec Industries, Inc., AURA GmbH & Co. KG, Borsig GmbH, Bosch Industriekessel GmbH, Boustead International Heaters Limited, Cain Industries Inc., Cannon Bono Energia, Catalytic Products International, China Energy Recovery Inc., Clayton Industries, Cummins Inc., Echogen Power Systems, Econotherm Limited, Enerquip Thermal Solutions, Epcon Industrial Systems, Inc., Exergy International Srl, Exodraft A/S, Forbes Marshall, GEA Group AG, General Electric Company, Gulf Coast Green Energy, HeatMatrix Group B.V., IHI Corporation, Industrial Boilers America, James Resources, LLC, John Wood Group PLC, Kawasaki Heavy Industries, Ltd., KNM Group, Larsen & Toubro Limited, Matthews Environmental Solutions, Mitsubishi Heavy Industries, Ltd., Muhibbah Engineering (M) Bhd., Munters Corporation, Nacah Tech LLC, Ormat Technologies, Inc., Penn Separator Corp., Procedyne Corp., Promec Engineering, Siemens AG, Sigma Thermal Inc., Somas Instrument AB, Terrapin Geothermics, Thermal Fluid Systems, Inc., Thermax Limited, and W. Baelz & Sohn GmbH & Co..

Market Segmentation & Coverage

This research report categorizes the Waste Heat Recovery System Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Type, market is studied across Services and Solutions.
• Based on Component, market is studied across Air Preheaters, Economisers, Heat Pipe Systems, Heat Pumps, Heat Recovery Steam Generator, Regenerative & Recuperative Burners, and Waste Heat Boilers.
• Based on Temperature, market is studied across High Temperature (More than 1,200°F), Low Temperature (Less than 450°F), and Medium Temperature (450°F - 1,200°F).
• Based on Application, market is studied across Pre Heating and Steam & Power Generation.
• Based on End-Use, market is studied across Ceramic Manufacturing, Chemical Processing, Construction Material Manufacturing, Energy & Utility, Food Processing, Metal Production, and Petroleum Refining.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Growing electricity consumption and rising use of waste heat recovery system in power generation
    • 5.1.1.2. Favorable government initiatives for waste heat recovery technologies
    • 5.1.1.3. Emerging adoption of waste heat recovery systems in chemical, metal production, and food industries
  • 5.1.2. Restraints
    • 5.1.2.1. High cost of implementing the waste heat recovery process for small-scale operations
  • 5.1.3. Opportunities
    • 5.1.3.1. Surging research and development activities for optimizing existing heat recovery technologies
    • 5.1.3.2. Rising investments in system development and new product innovations for waste heat recovery technologies
  • 5.1.4. Challenges
    • 5.1.4.1. Concerns related to temperature restrictions and transportation
• 5.2. Market Segmentation Analysis
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Waste Heat Recovery System Market, by Type

• 6.1. Introduction
• 6.2. Services
• 6.3. Solutions

7. Waste Heat Recovery System Market, by Component

• 7.1. Introduction
• 7.2. Air Preheaters
• 7.3. Economisers
• 7.4. Heat Pipe Systems
• 7.5. Heat Pumps
• 7.6. Heat Recovery Steam Generator
• 7.7. Regenerative & Recuperative Burners
• 7.8. Waste Heat Boilers

8. Waste Heat Recovery System Market, by Temperature

• 8.1. Introduction
• 8.2. High Temperature (More than 1,200°F)
• 8.3. Low Temperature (Less than 450°F)
• 8.4. Medium Temperature (450°F - 1,200°F)

9. Waste Heat Recovery System Market, by Application

• 9.1. Introduction
• 9.2. Pre Heating
• 9.3. Steam & Power Generation

10. Waste Heat Recovery System Market, by End-Use

• 10.1. Introduction
• 10.2. Ceramic Manufacturing
• 10.3. Chemical Processing
• 10.4. Construction Material Manufacturing
• 10.5. Energy & Utility
• 10.6. Food Processing
• 10.7. Metal Production
• 10.8. Petroleum Refining

11. Americas Waste Heat Recovery System Market

• 11.1. Introduction
• 11.2. Argentina
• 11.3. Brazil
• 11.4. Canada
• 11.5. Mexico
• 11.6. United States

12. Asia-Pacific Waste Heat Recovery System Market

• 12.1. Introduction
• 12.2. Australia
• 12.3. China
• 12.4. India
• 12.5. Indonesia
• 12.6. Japan
• 12.7. Malaysia
• 12.8. Philippines
• 12.9. Singapore
• 12.10. South Korea
• 12.11. Taiwan
• 12.12. Thailand
• 12.13. Vietnam

13. Europe, Middle East & Africa Waste Heat Recovery System Market

• 13.1. Introduction
• 13.2. Denmark
• 13.3. Egypt
• 13.4. Finland
• 13.5. France
• 13.6. Germany
• 13.7. Israel
• 13.8. Italy
• 13.9. Netherlands
• 13.10. Nigeria
• 13.11. Norway
• 13.12. Poland
• 13.13. Qatar
• 13.14. Russia
• 13.15. Saudi Arabia
• 13.16. South Africa
• 13.17. Spain
• 13.18. Sweden
• 13.19. Switzerland
• 13.20. Turkey
• 13.21. United Arab Emirates
• 13.22. United Kingdom

14. Competitive Landscape

• 14.1. Market Share Analysis, 2023
• 14.2. FPNV Positioning Matrix, 2023
• 14.3. Competitive Scenario Analysis
  • 14.3.1. Kyoto & Alfa Laval sign letter of intent
  • 14.3.2. Siemens Energy Seals Deal for Hydrogen-Ready Coal-to-Gas Switch
  • 14.3.3. Nuh Cimento to expand waste heat recovery unit at Hereke cement plant
  • 14.3.4. ADNOC's waste heat recovery project nears phase 1 completion
  • 14.3.5. Climeon Launches New Waste Heat Recovery Technology
  • 14.3.6. Mitsubishi develops binary power generation system
  • 14.3.7. Vedanta to modify design of waste heat recovery plant in Goa
  • 14.3.8. AGC and E.ON deepen partnership with project for waste heat recovery
  • 14.3.9. Alfa Laval E-PowerPack Converts Waste Heat into Power
  • 14.3.10. CETY announces new strategic partnership with Enertime to offer a wider range of Heat Recovery Solutions in the North American Market Place
  • 14.3.11. Mutares has completed the acquisition of Heat Transfer Technology (NEM Energy) from Siemens Energy B.V.
• 14.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. ABB Ltd.
• 2. Air Squared, Inc.
• 3. Alfa Laval AB
• 4. Alstom SA
• 5. Anguil Environmental Systems, Inc.
• 6. Astec Industries, Inc.
• 7. AURA GmbH & Co. KG
• 8. Borsig GmbH
• 9. Bosch Industriekessel GmbH
• 10. Boustead International Heaters Limited
• 11. Cain Industries Inc.
• 12. Cannon Bono Energia
• 13. Catalytic Products International
• 14. China Energy Recovery Inc.
• 15. Clayton Industries
• 16. Cummins Inc.
• 17. Echogen Power Systems
• 18. Econotherm Limited
• 19. Enerquip Thermal Solutions
• 20. Epcon Industrial Systems, Inc.
• 21. Exergy International Srl
• 22. Exodraft A/S
• 23. Forbes Marshall
• 24. GEA Group AG
• 25. General Electric Company
• 26. Gulf Coast Green Energy
• 27. HeatMatrix Group B.V.
• 28. IHI Corporation
• 29. Industrial Boilers America
• 30. James Resources, LLC
• 31. John Wood Group PLC
• 32. Kawasaki Heavy Industries, Ltd.
• 33. KNM Group
• 34. Larsen & Toubro Limited
• 35. Matthews Environmental Solutions
• 36. Mitsubishi Heavy Industries, Ltd.
• 37. Muhibbah Engineering (M) Bhd.
• 38. Munters Corporation
• 39. Nacah Tech LLC
• 40. Ormat Technologies, Inc.
• 41. Penn Separator Corp.
• 42. Procedyne Corp.
• 43. Promec Engineering
• 44. Siemens AG
• 45. Sigma Thermal Inc.
• 46. Somas Instrument AB
• 47. Terrapin Geothermics
• 48. Thermal Fluid Systems, Inc.
• 49. Thermax Limited
• 50. W. Baelz & Sohn GmbH & Co.