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Electricity & Steam Generation Waste Heat Recovery Systems Market Share

Report ID: GMI7917
Published Date: Jan 2024
Report Format: PDF

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Electricity & Steam Generation Waste Heat Recovery Systems Market Share

Eminent industry players are actively pursuing strategic collaborations, expanding their business overseas, and engaging in mergers and acquisitions as notable initiatives. Additionally, these companies are heavily invested in substantial research and development efforts to secure a competitive advantage over other market participants. For instance, in June 2023, Fortum announced to invest around USD 225 million waste heat projects in Espoo and Kirkkonummi in Finland, which in turn will have positive impact on the industry in the European region.

Electricity & Steam Generation Waste Heat Recovery Systems Market Companies

Prominent key players operating across electricity & steam generation waste heat recovery system industry include:

AURA
BIHL
Bosch Industriekessel GmbH
Climeon
Cochran
Durr Group
EXERGY INTERNATIONAL SRL
Forbes Marshall
Fortum
General Electric
HRS
IHI Corporation
John Wood Group PLC
MITSUBISHI HEAVY INDUSTRIES, LTD.
Ormat
Promec Engineering
Rentech Boilers
Siemens Energy
Sofinter S.p.a
Thermax Limited
Viessman

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of electricity & steam generation waste heat recovery systems was worth over USD 27.2 billion in 2023 and is set to record over 10.9% CAGR from 2024 to 2032, owing to increasing technological advancements in technology, coupled with supportive government initiatives to harness waste heat for energy generation.

Steam rankine cycle WHRS segment will observe over 9.9% CAGR from 2024 to 2032, driven by key features such as reduced greenhouse gas emissions, application flexibility, and high energy efficiency.

Asia Pacific electricity & steam generation waste heat recovery systems market will record over 11.9% CAGR during 2024 and 2032 as the region has established ambitious targets for energy efficiency to mitigate greenhouse gas emissions and preserve energy resources.

AURA, BIHL, Bosch Industriekessel GmbH, Climeon, Cochran, D