Waste Heat Recovery System Market - Forecast (2023 - 2028)

Waste Heat Recovery System Market Size is forecast to reach $72.7 billion by 2026, at a CAGR of 7.6% during forecast period 2021-2026. Systems that recover heat from processing/manufacturing activities are known as waste heat recovery systems. The heat produced can be used to replace both electricity and fuel. There must be a source of waste heat, technology to recover the produced heat, and a need for the heat for a waste recovery system to function.

Waste heat recovery systems are a viable option for the overall energy efficiency of industrial manufacturing operations, thus increasing demand. The rising cost of fuel and electricity, as well as the benefits it offers, such as reduced air pollution, are driving demand for waste heat recovery systems. The technology is supposed to be used all over the world, with China, India, the United States, Russia, Germany, and a few other countries dominating the markets. The countries listed above are known for producing the most cement, metals, and petroleum. The latest epidemic of COVID-19, however, has had a significant impact on the global manufacturing sector. Across globe, the production activities have slowed down with the intention of restricting the spread of coronavirus, which is expected to further affect the demand for waste heat recovery systems market.



This product will be delivered within 2 business days.