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Waste Heat Recovery System Market - Global Forecast 2026-2032- Product Image
Waste Heat Recovery System Market - Global Forecast 2026-2032- Product Image
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Waste Heat Recovery System Market - Global Forecast 2026-2032

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    Report

  • 186 Pages
  • January 2026
  • Region: Global
  • 360iResearch™
  • ID: 5822840
1h Free Analyst Time
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Waste heat recovery systems offer industrial and power sector decision-makers a practical solution to cut operational costs while advancing sustainability objectives. As the market evolves, organizations leveraging these systems can realize efficiency gains, manage regulatory risk, and reinforce their energy strategies amid a changing technological and policy landscape.

Market Snapshot: Waste Heat Recovery System Market

The Waste Heat Recovery System Market expanded from USD 97.37 billion in 2025 to USD 105.72 billion in 2026. With an anticipated CAGR of 8.74%, the market is projected to reach USD 175.09 billion by 2032. Demand is propelled by industrial modernization and increasing emphasis on energy efficiency, both to optimize operations and to meet rising environmental standards.

Scope & Segmentation

  • End-User Segments: Cement, Chemical, Food & Beverage, Glass, Power Generation, Steel—each faces unique process temperatures and operating patterns requiring specific recovery solutions.
  • Cycle Technologies: Kalina Cycle, Organic Rankine Cycle, Steam Rankine Cycle—selected based on temperature suitability, integration needs, and maintenance models.
  • Component Classes: Condensers, heat exchangers, pumps, and turbines—specified to account for fluid chemistry, fouling risk, and process compatibility.
  • Installation Types: New setups enable streamlined system integration, while retrofits require flexible phasing and creative bypass strategies.
  • Capacity Categories: Large, medium, and small-scale deployments—chosen to align with plant size, process intensity, and financing models.
  • Regional Focus: Americas, Europe Middle East & Africa, Asia-Pacific—each with distinct regulatory, infrastructure, and supply chain considerations.

Key Takeaways

  • Capturing and reusing thermal energy is a critical operational lever, enabling lower energy costs and supporting emissions reduction across diverse industries.
  • Modern waste heat recovery projects require cross-functional collaboration among technical, procurement, and sustainability teams—starting early in planning to optimize integration and reporting outcomes.
  • Advanced systems now bundle hardware with performance contracts and long-term service agreements. This model aligns incentives and helps overcome initial capital barriers.
  • Digitalization—through precise thermal mapping and data-driven performance validation—improves project approvals and confidence in projected savings.
  • Component selection and modular design are increasingly important, with tailored solutions mitigating risk of fouling and simplifying future maintenance across installations.
  • Effective scaling demands both internal capability building and phased project rollouts—prioritizing high-readiness sites to accelerate enterprise-wide learning curves.

Tariff Impact on Waste Heat Recovery Procurement

Tariffs imposed on imported machinery and components since 2025 have increased costs and driven supply chain re-evaluation within the waste heat recovery sector. Many buyers now favor source diversification and local manufacturing or tariff-exempt suppliers, prompting a shift toward modular, domestically serviceable system designs. Manufacturers are also adapting by engineering alternative configurations that maintain performance with locally available components, which impacts performance contracts and supplier relationships. Early-stage sourcing and contingency strategies have taken on greater significance to ensure supply chain resilience and sustained project viability.

Competitive Landscape of the Waste Heat Recovery System Market

Competition centers on field-proven reliability, comprehensive service offerings, and digital optimization. Market leaders integrate performance guarantees with maintenance, parts provisioning, and analytics to minimize downtime and control lifecycle costs. Solution providers increasingly collaborate with regional EPCs to unite global engineering expertise with site-specific deployment fluency. Advancements like remote monitoring and digital twins enable operators to achieve programmatic rollouts that scale efficiently across facilities.

Methodology & Data Sources

This report applies a robust research approach, blending stakeholder interviews, technical literature synthesis, and comparative assessment of cycle technologies. Insights were validated by plant operators, OEMs, EPCs, and finance stakeholders, while data triangulation ensured operational relevance and actionable recommendations.

Why This Report Matters

  • Guides senior leaders in aligning investment and modernization roadmap with operational, sustainability, and regulatory objectives.
  • Supports procurement and technical teams in selecting optimal cycle technology, component configuration, and supplier partnerships in response to evolving market dynamics.
  • Provides practical, prioritized steps for scalable waste heat recovery adoption—integrating pilot validation, workforce development, procurement strategy, and innovative financing.

Conclusion

Organizations prepared to implement integrated, phased waste heat recovery programs—underpinned by modular design, digital optimization, and resilient supply chains—will capture advantages in cost, compliance, and sustainability. Cross-functional coordination remains the foundation for successful deployment at scale.

 

Additional Product Information:

  • Purchase of this report includes 1 year online access with quarterly updates.
  • This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders
2. Research Methodology
2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations
3. Executive Summary
3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap
4. Market Overview
4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy
5. Market Insights
5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis
6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025
8. Waste Heat Recovery System Market, by Type
8.1. Kalina Cycle
8.2. Organic Rankine Cycle
8.3. Steam Rankine Cycle
9. Waste Heat Recovery System Market, by Component
9.1. Condenser
9.2. Heat Exchanger
9.3. Pump
9.4. Turbine
10. Waste Heat Recovery System Market, by Installation
10.1. New
10.2. Retrofit
11. Waste Heat Recovery System Market, by Capacity
11.1. Large Scale
11.2. Medium Scale
11.3. Small Scale
12. Waste Heat Recovery System Market, by End User
12.1. Cement
12.2. Chemical
12.3. Food & Beverage
12.4. Glass
12.5. Power Generation
12.6. Steel
13. Waste Heat Recovery System Market, by Region
13.1. Americas
13.1.1. North America
13.1.2. Latin America
13.2. Europe, Middle East & Africa
13.2.1. Europe
13.2.2. Middle East
13.2.3. Africa
13.3. Asia-Pacific
14. Waste Heat Recovery System Market, by Group
14.1. ASEAN
14.2. GCC
14.3. European Union
14.4. BRICS
14.5. G7
14.6. NATO
15. Waste Heat Recovery System Market, by Country
15.1. United States
15.2. Canada
15.3. Mexico
15.4. Brazil
15.5. United Kingdom
15.6. Germany
15.7. France
15.8. Russia
15.9. Italy
15.10. Spain
15.11. China
15.12. India
15.13. Japan
15.14. Australia
15.15. South Korea
16. United States Waste Heat Recovery System Market
17. China Waste Heat Recovery System Market
18. Competitive Landscape
18.1. Market Concentration Analysis, 2025
18.1.1. Concentration Ratio (CR)
18.1.2. Herfindahl Hirschman Index (HHI)
18.2. Recent Developments & Impact Analysis, 2025
18.3. Product Portfolio Analysis, 2025
18.4. Benchmarking Analysis, 2025
18.5. ABB Ltd.
18.6. Air Squared, Inc.
18.7. Alfa Laval AB
18.8. Alstom SA
18.9. Anguil Environmental Systems, Inc.
18.10. Astec Industries, Inc.
18.11. AURA GmbH & Co. KG
18.12. Borsig GmbH
18.13. Bosch Industriekessel GmbH
18.14. Boustead International Heaters Limited
18.15. Cain Industries Inc.
18.16. Cannon Bono Energia
18.17. Catalytic Products International
18.18. China Energy Recovery Inc.
18.19. Clayton Industries
18.20. Cummins Inc.
18.21. Echogen Power Systems
18.22. Econotherm Limited
18.23. Enerquip Thermal Solutions
18.24. Epcon Industrial Systems, Inc.
18.25. Exergy International Srl
18.26. Exodraft A/S
18.27. Forbes Marshall
18.28. GEA Group AG
18.29. General Electric Company
18.30. Gulf Coast Green Energy
18.31. HeatMatrix Group B.V.
18.32. IHI Corporation
18.33. Industrial Boilers America
18.34. James Resources, LLC
18.35. John Wood Group PLC
18.36. Kawasaki Heavy Industries, Ltd.
18.37. KNM Group
18.38. Larsen & Toubro Limited
18.39. Matthews Environmental Solutions
18.40. Mitsubishi Heavy Industries, Ltd.
18.41. Muhibbah Engineering (M) Bhd.
18.42. Munters Corporation
18.43. Nacah Tech LLC
18.44. Ormat Technologies, Inc.
18.45. Penn Separator Corp.
18.46. Procedyne Corp.
18.47. Promec Engineering
18.48. Siemens AG
18.49. Sigma Thermal Inc.
18.50. Somas Instrument AB
18.51. Terrapin Geothermics
18.52. Thermal Fluid Systems, Inc.
18.53. Thermax Limited
18.54. W. Baelz & Sohn GmbH & Co.
List of Figures
FIGURE 1. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 12. UNITED STATES WASTE HEAT RECOVERY SYSTEM MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 13. CHINA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, 2018-2032 (USD MILLION)
List of Tables
TABLE 1. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY KALINA CYCLE, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY KALINA CYCLE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY KALINA CYCLE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY ORGANIC RANKINE CYCLE, BY REGION, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY ORGANIC RANKINE CYCLE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY ORGANIC RANKINE CYCLE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY STEAM RANKINE CYCLE, BY REGION, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY STEAM RANKINE CYCLE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY STEAM RANKINE CYCLE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CONDENSER, BY REGION, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CONDENSER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CONDENSER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY HEAT EXCHANGER, BY REGION, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY HEAT EXCHANGER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY HEAT EXCHANGER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY PUMP, BY REGION, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY PUMP, BY GROUP, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY PUMP, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TURBINE, BY REGION, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TURBINE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TURBINE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY NEW, BY REGION, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY NEW, BY GROUP, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY NEW, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY RETROFIT, BY REGION, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY RETROFIT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY RETROFIT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY LARGE SCALE, BY REGION, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY LARGE SCALE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY LARGE SCALE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY MEDIUM SCALE, BY REGION, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY MEDIUM SCALE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY MEDIUM SCALE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY SMALL SCALE, BY REGION, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY SMALL SCALE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY SMALL SCALE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CEMENT, BY REGION, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CEMENT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CEMENT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CHEMICAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CHEMICAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CHEMICAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY FOOD & BEVERAGE, BY REGION, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY FOOD & BEVERAGE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY FOOD & BEVERAGE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY GLASS, BY REGION, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY GLASS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY GLASS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY POWER GENERATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY POWER GENERATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY POWER GENERATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY STEEL, BY REGION, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY STEEL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY STEEL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 62. AMERICAS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 63. AMERICAS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 64. AMERICAS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 65. AMERICAS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 66. AMERICAS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 67. AMERICAS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 68. NORTH AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 69. NORTH AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 70. NORTH AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 71. NORTH AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 72. NORTH AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 73. NORTH AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 74. LATIN AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 75. LATIN AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 76. LATIN AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 77. LATIN AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 78. LATIN AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 79. LATIN AMERICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 80. EUROPE, MIDDLE EAST & AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 81. EUROPE, MIDDLE EAST & AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 82. EUROPE, MIDDLE EAST & AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 83. EUROPE, MIDDLE EAST & AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 84. EUROPE, MIDDLE EAST & AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 85. EUROPE, MIDDLE EAST & AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 86. EUROPE WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 87. EUROPE WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 88. EUROPE WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 89. EUROPE WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 90. EUROPE WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 91. EUROPE WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 92. MIDDLE EAST WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 93. MIDDLE EAST WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 94. MIDDLE EAST WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 95. MIDDLE EAST WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 96. MIDDLE EAST WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 97. MIDDLE EAST WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 98. AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 99. AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 100. AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 101. AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 102. AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 103. AFRICA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 104. ASIA-PACIFIC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 105. ASIA-PACIFIC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 106. ASIA-PACIFIC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 107. ASIA-PACIFIC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 108. ASIA-PACIFIC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 109. ASIA-PACIFIC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 110. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 111. ASEAN WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 112. ASEAN WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 113. ASEAN WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 114. ASEAN WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 115. ASEAN WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 116. ASEAN WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 117. GCC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 118. GCC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 119. GCC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 120. GCC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 121. GCC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 122. GCC WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 123. EUROPEAN UNION WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 124. EUROPEAN UNION WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 125. EUROPEAN UNION WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 126. EUROPEAN UNION WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 127. EUROPEAN UNION WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 128. EUROPEAN UNION WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 129. BRICS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 130. BRICS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 131. BRICS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 132. BRICS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 133. BRICS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 134. BRICS WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 135. G7 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 136. G7 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 137. G7 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 138. G7 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 139. G7 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 140. G7 WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 141. NATO WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 142. NATO WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 143. NATO WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 144. NATO WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 145. NATO WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 146. NATO WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 147. GLOBAL WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 148. UNITED STATES WASTE HEAT RECOVERY SYSTEM MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 149. UNITED STATES WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 150. UNITED STATES WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 151. UNITED STATES WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 152. UNITED STATES WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 153. UNITED STATES WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)
TABLE 154. CHINA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 155. CHINA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY TYPE, 2018-2032 (USD MILLION)
TABLE 156. CHINA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 157. CHINA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY INSTALLATION, 2018-2032 (USD MILLION)
TABLE 158. CHINA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY CAPACITY, 2018-2032 (USD MILLION)
TABLE 159. CHINA WASTE HEAT RECOVERY SYSTEM MARKET SIZE, BY END USER, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Waste Heat Recovery System market report 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
  • W. Baelz & Sohn GmbH & Co.

Table Information

Report AttributeDetails
No. of Pages186
PublishedJanuary 2026
Forecast Period2026 - 2032
Estimated Market Value ( USD ) in 2026 $ 105.72 Billion
Forecasted Market Value ( USD ) by 2032 $ 175.09 Billion
Compound Annual Growth Rate8.7%
Regions CoveredGlobal
No. of Companies Mentioned51

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About the Waste Heat Recovery Market

The Waste Heat Recovery market is a subset of the Heat Exchangers and Cooling Towers industry. It involves the capture and reuse of heat that is generated as a by-product of industrial processes. This heat can be used to generate electricity, preheat air or water, or to provide process heat. Waste Heat Recovery systems are typically composed of a heat exchanger, a cooling tower, and a control system. Heat exchangers are used to transfer heat from one medium to another, while cooling towers are used to dissipate the heat into the atmosphere. The control system is used to regulate the flow of heat and ensure that the system is operating efficiently. Companies in the Waste Heat Recovery market include Alfa Laval, Kelvion, Xylem, SPX Flow, and GEA Group. Show Less Read more

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