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Waste Heat Recovery Systems Market Size
- Report ID: GMI1235
- Published Date: Jun 2024
- Report Format: PDF
Waste Heat Recovery Systems Market Size
Waste Heat Recovery Systems Market was valued at USD 62.6 billion in 2023 and is anticipated to grow at a CAGR of over 7.5% from 2024 to 2032. Increasing focus towards industrial energy efficiency along with rising environmental regulations pertaining to industrial emissions will increase the product deployment, thereby spurring growth to the market. Industries are increasingly focusing on improving energy efficiency and reducing operational costs and the product capture and reuse waste heat from industrial processes, leading to substantial energy savings and reduced carbon emissions.
Stringent environmental regulations and policies aimed at reducing greenhouse gas emissions are pushing industries to adopt WHRS. Governments across the globe are implementing policies and incentives to promote energy-efficient technologies. In addition, technological advancements in WHRS are improving their efficiency and reducing costs. Innovations in materials, heat exchangers, and integration with other energy systems are making these systems more attractive to a wide range of industries.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Waste Heat Recovery Systems Market Size in 2023: | USD 62.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 7.5% |
| 2032 Value Projection: | USD 115.8 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 80 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Application, Temperature, End Use, & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Waste Heat Recovery Systems Market Scope
