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Europe Waste Heat Recovery Systems Market Trends

Report ID: GMI7299
Published Date: Jun 2024
Report Format: PDF

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Europe Waste Heat Recovery Systems Market Trends

Waste Heat Recovery Systems (WHRS) are increasingly favoured amidst stringent emission regulations, reflecting a key trend in industrial sustainability. With governments worldwide implementing strict emission norms to curb environmental pollution, industries are compelled to seek innovative solutions to minimize their carbon footprint. WHRS offer a viable avenue for reducing emissions by capturing and reusing waste heat from industrial processes, thereby enhancing energy efficiency and reducing greenhouse gas emissions. This trend aligns with the broader shift towards sustainable business practices, as companies prioritize environmental responsibility and regulatory compliance.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Europe waste heat recovery systems market size was valued at over USD 21.4 billion in 2023 and is set to grow at over 6.9% CAGR from 2024 to 2032 owing to the stringent emission norms.

The electricity & steam generation segment in the Europe waste heat recovery systems industry is anticipated to reach over USD 20.5 billion by 2032 favored by the shifting trend towards maximizing resource efficiency and reducing environmental impact.

Germany waste heat recovery system market size will exceed USD 7 billion by 2032 driven by the implementation of energy efficiency standards and initiatives aimed at reducing greenhouse gas emissions.

BIHL, AURA, Bosch Industriekessel GmbH, Climeon, Cochran, Dürr Group, EXERGY INTERNATIONAL SRL, Forbes Marshall, Fortum, General Electric, HRS, and MITSUBISHI HEAVY INDUSTRIES, LTD. among others.