North America Waste Heat Recovery Systems Market Analysis

North America Waste Heat Recovery Systems Market Analysis

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Based on application, the electricity & steam generation WHRS industry is anticipated to surpass over USD 18 billion in 2032. The growing adoption of Waste Heat Recovery Systems (WHRS) is poised for a notable increase, propelled by their distinct attributes such as reduced greenhouse gas emissions, versatile applications, and exceptional energy efficiency. The integration of WHRS for electricity and steam generation will be impacted by continuous efforts to manage greenhouse gas emissions and the escalating expenses of energy. Additionally, increased investments in harnessing sustainable waste heat across various industries are anticipated to drive the demand for WHR systems in the region.
 

Based on temperature, the 230 °C - 650 °C temperature range WHRS will grow at a rate of over 7.1% through 2032.  The increasing recognition of the advantages provided by WHR systems within this temperature range, such as enhanced energy efficiency, lower operational expenses, and diminished environmental footprint, will enhance the business prospects over the forecast timeline.
 

The U.S. waste heat recovery systems market is forecasted to exceed over USD 24.5 billion by 2032. Increasing awareness of energy efficiency and environmental sustainability, coupled with supportive government policies and technological advancements will augment the industry growth. Additionally, Stringent environmental regulations coupled with a growing emphasis on energy efficiency and sustainability will further propel the industry growth.