Speak directly to the analyst to clarify any post sales queries you may have.
Waste heat recovery systems are essential tools for forward-looking industries committed to optimizing energy use while reducing operational costs and environmental liabilities. For senior leaders seeking sustainable growth, these advanced solutions transform untapped thermal energy into measurable business value.
Market Snapshot: Waste Heat Recovery System Market
The Waste Heat Recovery System Market expanded from USD 89.68 billion in 2024 to USD 97.37 billion in 2025 and is projected to grow at a CAGR of 8.72%, reaching USD 175.09 billion by 2032. This sustained growth highlights increasing adoption across sectors, driven by greater focus on industrial sustainability, energy security, and regulatory compliance.
Scope & Segmentation
- End User Industries: Cement, Chemical, Food & Beverage, Glass, Power Generation, Steel
- Technology Types: Kalina Cycle, Organic Rankine Cycle, Steam Rankine Cycle
- Component Categories: Condenser, Heat Exchanger, Pump, Turbine
- Installation Models: New, Retrofit
- Capacity Tiers: Large Scale, Medium Scale, Small Scale
- Geographic Regions: Americas (including United States, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Peru), Europe (including United Kingdom, Germany, France, Russia, Italy, Spain, Netherlands, Sweden, Poland, Switzerland), Middle East (including UAE, Saudi Arabia, Qatar, Turkey, Israel), Africa (including South Africa, Nigeria, Egypt, Kenya), Asia-Pacific (including China, India, Japan, Australia, South Korea, Indonesia, Thailand, Malaysia, Singapore, Taiwan)
- Leading Companies: General Electric Company, Siemens AG, Mitsubishi Heavy Industries, Ltd., ABB Ltd, Babcock & Wilcox Enterprises, Inc., MAN Energy Solutions SE, Alfa Laval Corporate AB, Parker Hannifin Corporation, Caterpillar Inc., Ansaldo Energia S.p.A.
Key Takeaways for Senior Decision-Makers
- Advanced waste heat recovery systems enable energy optimization while supporting emissions reduction and corporate decarbonization strategies.
- Technological advancements in thermodynamic cycles—such as the adoption of Kalina and Organic Rankine Cycles—are expanding applicability across temperature ranges and industrial processes.
- Integrating real-time monitoring, IoT sensors, and predictive analytics increases system uptime, reduces maintenance costs, and ensures operational resilience.
- Retrofitting existing facilities with recovery systems taps into previously unused energy streams, improving ROI with minimal disruption to core processes.
- Regional policy incentives, including stricter emissions mandates, are accelerating the adoption of heat recovery technology in mature as well as high-growth markets worldwide.
- Collaborative partnerships among equipment providers, engineering firms, and industrial operators are central to rapid deployment and scalable project delivery.
Tariff Impact
Recent changes in United States trade policy have increased costs for imported waste heat recovery components, such as turbines and heat exchangers. In response, manufacturers are strengthening domestic supply chains and pursuing regional sourcing to preserve project value. These actions are helping organizations maintain competitiveness and ensure timely project implementation despite evolving trade dynamics.
Primary Keyword: Waste Heat Recovery System Market
With the Waste Heat Recovery System Market rapidly scaling, business leaders are leveraging system upgrades and digital analytics to maximize energy efficiency, streamline operations, and future-proof facilities against regulatory and supply chain disruptions.
Methodology & Data Sources
This analysis draws on qualitative and quantitative research, including direct interviews with industry leaders and structured surveys of major end users. Comprehensive secondary research encompassed technical publications, regulatory documentation, market reports, and verified financial disclosures, ensuring triangulated, reliable, and actionable insights.
Why This Report Matters
- Provides a clear roadmap to optimize waste heat recovery investments for operational and sustainability gains.
- Enables informed decision-making by benchmarking technology adoption and identifying regional and segment-specific growth opportunities.
- Supports strategic planning with actionable intelligence for supply chain adaptation, regulatory readiness, and partner selection.
Conclusion
Addressing energy optimization and industrial decarbonization, this report equips leaders to harness waste heat recovery systems as a long-term lever for efficiency and resilience. Comprehensive segmentation and timely market intelligence simplify the path to sustainable value creation.
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
3. Executive Summary
4. Market Overview
7. Cumulative Impact of Artificial Intelligence 2025
List of Figures
Samples
LOADING...
Companies Mentioned
The key companies profiled in this Waste Heat Recovery System market report include:- General Electric Company
- Siemens AG
- Mitsubishi Heavy Industries, Ltd.
- ABB Ltd
- Babcock & Wilcox Enterprises, Inc.
- MAN Energy Solutions SE
- Alfa Laval Corporate AB
- Parker Hannifin Corporation
- Caterpillar Inc.
- Ansaldo Energia S.p.A.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 186 |
| Published | October 2025 |
| Forecast Period | 2025 - 2032 |
| Estimated Market Value ( USD | $ 97.37 Billion |
| Forecasted Market Value ( USD | $ 175.09 Billion |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
