According to our (Global Info Research) latest study, the global Waste Heat to Power market size was valued at USD 2351.8 million in 2023 and is forecast to a readjusted size of USD 3241.2 million by 2030 with a CAGR of 4.7% during review period.
Waste heat to power (WHP) is the process of capturing heat discarded by an existing industrial process and using that heat to generate power.
Energy intensive industrial processes—such as those occurring at refineries, steel mills, glass furnaces, and cement kilns—all release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity (see Appendix). The recovery of industrial waste heat for power is a largely untapped type of combined heat and power (CHP), which is the use of a single fuel source to generate both thermal energy (heating or cooling) and electricity.
Europe is the largest Waste Heat to Power market with about 53% market share. North America is follower, accounting for about 30% market share.
The key players are Siemens, GE, ABB, Amec Foster Wheeler, Ormat, MHI, Exergy, ElectraTherm, Dürr Cyplan, GETEC, CNBM, DaLian East, E-Rational etc. Top 3 companies occupied about 51% market share.
The Global Info Research report includes an overview of the development of the Waste Heat to Power industry chain, the market status of Chemical Industry (Steam Rankine Cycle, Organic Rankine Cycles), Metal Manufacturing (Steam Rankine Cycle, Organic Rankine Cycles), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Waste Heat to Power.
Regionally, the report analyzes the Waste Heat to Power markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Waste Heat to Power market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Waste Heat to Power market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Waste Heat to Power industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (MW), revenue generated, and market share of different by Type (e.g., Steam Rankine Cycle, Organic Rankine Cycles).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Waste Heat to Power market.
Regional Analysis: The report involves examining the Waste Heat to Power market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Waste Heat to Power market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Waste Heat to Power:
Company Analysis: Report covers individual Waste Heat to Power manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Waste Heat to Power This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Chemical Industry, Metal Manufacturing).
Technology Analysis: Report covers specific technologies relevant to Waste Heat to Power. It assesses the current state, advancements, and potential future developments in Waste Heat to Power areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Waste Heat to Power market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Waste Heat to Power market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Steam Rankine Cycle
Organic Rankine Cycles
Kalina Cycle
Market segment by Application
Chemical Industry
Metal Manufacturing
Oil and Gas
Others
Major players covered
Siemens
GE
ABB
Amec Foster Wheeler
Ormat
MHI
Exergy
ElectraTherm
Dürr Cyplan
GETEC
CNBM
DaLian East
E-Rational
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Waste Heat to Power product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Waste Heat to Power, with price, sales, revenue and global market share of Waste Heat to Power from 2019 to 2024.
Chapter 3, the Waste Heat to Power competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Waste Heat to Power breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Waste Heat to Power market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Waste Heat to Power.
Chapter 14 and 15, to describe Waste Heat to Power sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Waste Heat to Power . Industry analysis & Market Report on Waste Heat to Power is a syndicated market report, published as Global Waste Heat to Power Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Waste Heat to Power market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.