Waste Heat Recovery System Market Trends, Size, Industry Segments And Profit Growth By ForecastPosted by Stephen Lobo on March 28th, 2023 Waste Heat Recovery System Market Scope Global Waste Heat Recovery System Market Research Report 2023 - 2027 contains a detailed analysis and thorough examination of the top major players, market size, share, and current market scenario, as well as various growth variables such as revenue, trends, and CAGR. On the basis of facts and data, the Waste Heat Recovery System research provides comprehensive coverage of market segmentation, regional outlooks, supply-demand scenarios, SWOT analysis, and new business prospects. With the use of a graphical depiction and an import-export scenario, the Waste Heat Recovery System Market report investigates prospective changes in the market. It outlines important characteristics of the industry, such as market dynamics, growth insights, pricing, capacity, gross margin, production, and consumption of leading players. The waste heat recovery market size is expected to grow from USD 72.5 billion in 2022 to USD 102.1 billion by 2027 at a compound annual growth rate (CAGR) of 7.1% during the forecast period. The market includes news and updates about the market current situation, historic data, present market trends, and this factor which is valuable and supportive to the business. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry. Waste Heat Recovery System Market Key Points:
Waste Heat Recovery System Market Key Players
Waste Heat Recovery System Market Segmentation WHR system market Segmented on the basis of application, end-use industries, and region. WHRS Market, by Application:
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202657867 WHRS Market, by End-use Industries:
WHRS Market, by Region:
Steam & electricity generation segment accounts for the largest share in WHRS market The WHRS market is segmented based on application into preheating, steam & electricity generation, and others. In 2015, the steam & electricity generation application segment captured the maximum share of the overall market; it is also expected to witness the highest CAGR during the forecast period. Steam & electricity generation is a significant application of the recovered waste heat because of the growing demand for energy in both developed and developing economies. Steam generation from waste heat sources is crucial to several end-use industries and, hence, is a major WHRS application. Growing demand from cement industry to boost the WHR system market The major end-use industries of the WHR system are petroleum refining, metal production, cement, chemical, paper & pulp, and others. The demand for WHRS in the cement industry is projected to register the highest CAGR during the forecast period. The global cement industry is projected to register a CAGR of 9% from 2016 to 2021. The growth in this industry is backed by increasing investments in various developing countries worldwide, increasing per capita income, and economic growth. The construction sector of developing countries such as China, India, and Indonesia is growing rapidly, especially in terms of social and education, healthcare, retail, and residential construction. These factors will also play a crucial role in driving the demand for WHRS in the cement industry. Europe: The largest market in WHRS The WHR system market is broadly segmented into five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe is the largest WHR system market, closely followed by North America, in terms of value. Government and environmental organizations in various countries such as the U.S. and European Union have adopted stringent legislations on energy saving and energy efficiency. Even the government in developing regions such as Asia-Pacific and South America are formulating stringent regulations for environment protection. These stringent energy efficiency regulations are driving the use of WHRS in various manufacturing-oriented industries. The target audiences for the WHRS market report are as follows:
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