The waste heat recovery systems market has been segmented by applications into pre-heating, complete closed loop management, steam generation and electricity generation, out of which, both steam and electricity generation is anticipated to hold major market share in terms of revenue in overall waste heat recovery systems market. This can be attributed to the usage of steam and electricity in various end-use industries and its rising demand in many regions of the globe.
The global market of waste heat recovery systems is expected to flourish at a significant compound annual growth rate during the forecast period 2018-2029. Factors such as rising demand for fuel efficient systems combined with growing population around the globe are expected to expand waste heat recovery systems market with noteworthy revenue share by the end of the year 2029.
In the regional segment, Europe waste heat recovery system market accounted for the largest market share, narrowly followed by North America owing to the stringent regulations by government and environmental organizations due to the growing concern for saving energy across the globe. Further, waste heat recovery systems market in Asia-Pacific is anticipated to grow with a significant rate over the forecast period owing to the emerging countries such as India and China in the region.
Growing Demand with Growing Population
The growth of the waste heat recovery systems market is driving on the back of growing population and industrialization around the globe. Further, the rise in construction activities in both commercial and residential sector is estimated to supplement the growth of the market by the end of 2029.
However, low heat quality of waste heat recovery systems and high cost of overall waste heat recovery systems is likely to inhibit the growth of the waste heat recovery systems market in the near future.
The report titled “Waste Heat Recovery Systems Market – Global Historical Growth (2013-2017) & Future Outlook (2018-2029) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the waste heat recovery systems market in terms of market segmentation by product, by industry type, by temperature, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the waste heat recovery systems market which includes company profiling ofMitsubishi Heavy Industries Ltd., Siemens AG, Cool Energy Inc., Sigma Thermal, Bosch Industriekessel GmbH, Thermax Global, CiTech Energy Recovery Systems Ltd., Ecogen Power Systems, Maersk and BORSIG GmbH.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the waste heat recovery systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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