Waste Heat Recovery Systems Market Trends

Waste Heat Recovery Systems Market Trends

Strict government mandates on emissions coupled with the growing importance of energy conservation are set to boost the market size of waste heat recovery systems (WHRS). Key application sectors with high waste heat recovery potential include cement, glass, heavy metal manufacturing, chemical manufacturing, and petroleum refining. WHRS are expected to gain prominence in the coming years due to their ability to reduce operating costs and generate power and heat on-site. Government initiatives aimed at reducing the carbon footprint while enhancing energy efficiency will drive market growth. Ongoing technological advancements have significantly improved system efficiency and reduced costs, stimulating business expansion.