Global Waste Heat Recovery Steam System Industry

2023-2029 Global Waste Heat Recovery Steam System Industry Research & Trends Analysis Report

Global Waste Heat Recovery Steam System Industry

2023-2029 Global Waste Heat Recovery Steam System Industry Research & Trends Analysis Report

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According to the latest research analysis,the global market for Waste Heat Recovery Steam System should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

China Waste Heat Recovery Steam System market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

The United States Waste Heat Recovery Steam System market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

In terms of type, Upstream Sector segment holds a share about % in 2022 and will reach % in 2029; while in terms of application, Petroleum Refining has a share approximately % in 2022 and will grow at a CAGR % during 2023 and 2029.


The global key manufacturers of Waste Heat Recovery Steam System include ABB, MHI, Siemens, GE, Kawasaki, Ormat, Foster Wheeler, Bosch and Echogen Power Systems, etc. In 2022, the global top five players hold a share approximately % in terms of revenue.

Waste heat refers to the sensible heat and latent heat that have not been rationally utilized in the original design in the energy-consuming devices of industrial enterprises that have been put into operation due to the limitations of history, technology, ideas and other factors. It includes waste heat of high-temperature exhaust gas, waste heat of cooling medium, waste heat of waste steam and waste water, waste heat of high-temperature products and slag, waste heat of chemical reaction, waste heat of combustible waste gas and liquid, waste heat, etc. According to the survey, the total waste heat resources of various industries account for about 17% to 67% of their total fuel consumption, and the recyclable waste heat resources are about 60% of the total waste heat resources.

This report aims to provide a comprehensive study of the global market for Waste Heat Recovery Steam System.
Data-Driven Insights: Highlights from Our Report

(1) Global Waste Heat Recovery Steam System market size (value), history data from 2018-2022 and forecast data from 2023 to 2029.

(2) Global Waste Heat Recovery Steam System market competitive situation, revenue and market share, from 2018 to 2022.

(3) China Waste Heat Recovery Steam System market competitive situation, revenue and market share, from 2018 to 2022.

(4) Global Waste Heat Recovery Steam System segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global Waste Heat Recovery Steam System segment by type and by application and regional segment by type and by application.

(6) Waste Heat Recovery Steam System industry supply chain, upstream, midstream and downstream analysis.


Breaking Down Market Segments by Region: A Deep Dive Analysis

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa


Understanding Market Segments by Type: A Comparative Analysis

Upstream Sector

Midstream Sector

Downstream Industry


Market Segmentation by Application: Dividing Key Markets and Identifying Opportunities

Petroleum Refining

Heavy Metal Production

Cement

Chemical

Others


Understanding Market Segments by Key Players: Insights and Opportunities

ABB

MHI

Siemens

GE

Kawasaki

Ormat

Foster Wheeler

Bosch

Echogen Power Systems

EST (Wasabi)

Thermax

1 Market Overview

1.1 Product Overview and Scope of Waste Heat Recovery Steam System

1.2 Global Waste Heat Recovery Steam System Market Size and Forecast

1.3 China Waste Heat Recovery Steam System Market Size and Forecast

1.4 China Market Percentage in Global

1.4.1 By Revenue, China Waste Heat Recovery Steam System Share in Global Market, 2018-2029

1.4.2 Waste Heat Recovery Steam System Market Size: China VS Global, 2018-2029

1.5 Waste Heat Recovery Steam System Market Dynamics

1.5.1 Waste Heat Recovery Steam System Market Drivers

1.5.2 Waste Heat Recovery Steam System Market Restraints

1.5.3 Waste Heat Recovery Steam System Industry Trends

1.5.4 Waste Heat Recovery Steam System Industry Policy

2 Global Competitive Situation by Company

2.1 Global Waste Heat Recovery Steam System Revenue by Company (2018-2023)

2.2 Global Waste Heat Recovery Steam System Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.3 Global Waste Heat Recovery Steam System Concentration Ratio

2.4 Global Waste Heat Recovery Steam System Mergers & Acquisitions, Expansion Plans

2.5 Global Waste Heat Recovery Steam System Manufacturers Product Type

3 China Competitive Situation by Company

3.1 China Waste Heat Recovery Steam System Revenue by Company (2018-2023)

3.2 China Waste Heat Recovery Steam System Waste Heat Recovery Steam System Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.3 China Waste Heat Recovery Steam System, Revenue Percentage of Local Players VS Foreign Manufacturers (2018-2023)

4 Industry Chain Analysis

4.1 Waste Heat Recovery Steam System Industry Chain

4.2 Waste Heat Recovery Steam System Upstream Analysis

4.3 Waste Heat Recovery Steam System Midstream Analysis

4.4 Waste Heat Recovery Steam System Downstream Analysis

5 Sights by Type

5.1 Waste Heat Recovery Steam System Classification

5.1.1 Upstream Sector

5.1.2 Midstream Sector

5.1.3 Downstream Industry

5.2 By Type, Global Waste Heat Recovery Steam System Market Size & CAGR, 2018 VS 2022 VS 2029

5.3 By Type, Global Waste Heat Recovery Steam System Revenue, 2018-2029

6 Sights by Application

6.1 Waste Heat Recovery Steam System Segment by Application

6.1.1 Petroleum Refining

6.1.2 Heavy Metal Production

6.1.3 Cement

6.1.4 Chemical

6.1.5 Others

6.2 By Application, Global Waste Heat Recovery Steam System Market Size & CAGR, 2018 VS 2022 VS 2029

6.3 By Application, Global Waste Heat Recovery Steam System Revenue, 2018-2029

7 Sales Sights by Region

7.1 By Region, Global Waste Heat Recovery Steam System Market Size, 2018 VS 2022 VS 2029

7.2 By Region, Global Waste Heat Recovery Steam System Market Size, 2018-2029

7.3 North America

7.3.1 North America Waste Heat Recovery Steam System Market Size & Forecasts, 2018-2029

7.3.2 By Country, North America Waste Heat Recovery Steam System Market Size Market Share

7.4 Europe

7.4.1 Europe Waste Heat Recovery Steam System Market Size & Forecasts, 2018-2029

7.4.2 By Country, Europe Waste Heat Recovery Steam System Market Size Market Share

7.5 Asia Pacific

7.5.1 Asia Pacific Waste Heat Recovery Steam System Market Size & Forecasts, 2018-2029

7.5.2 By Country/Region, Asia Pacific Waste Heat Recovery Steam System Market Size Market Share

7.6 South America

7.6.1 South America Waste Heat Recovery Steam System Market Size & Forecasts, 2018-2029

7.6.2 By Country, South America Waste Heat Recovery Steam System Market Size Market Share

7.7 Middle East & Africa

8 Sights by Country Level

8.1 By Country, Global Waste Heat Recovery Steam System Market Size & CAGR，2018 VS 2022 VS 2029

8.2 By Country, Global Waste Heat Recovery Steam System Market Size, 2018-2029

8.3 U.S.

8.3.1 U.S. Waste Heat Recovery Steam System Market Size, 2018-2029

8.3.2 By Company, U.S. Waste Heat Recovery Steam System Revenue Market Share, 2018-2023

8.3.3 By Type, U.S. Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.3.4 By Application, U.S. Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.4 Europe

8.4.1 Europe Waste Heat Recovery Steam System Market Size, 2018-2029

8.4.2 By Company, Europe Waste Heat Recovery Steam System Revenue Market Share, 2018-2023

8.4.3 By Type, Europe Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.4.4 By Application, Europe Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.5 China

8.5.1 China Waste Heat Recovery Steam System Market Size, 2018-2029

8.5.2 By Company, China Waste Heat Recovery Steam System Revenue Market Share, 2018-2023

8.5.3 By Type, China Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.5.4 By Application, China Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.6 Japan

8.6.1 Japan Waste Heat Recovery Steam System Market Size, 2018-2029

8.6.2 By Company, Japan Waste Heat Recovery Steam System Revenue Market Share, 2018-2023

8.6.3 By Type, Japan Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.6.4 By Application, Japan Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.7 South Korea

8.7.1 South Korea Waste Heat Recovery Steam System Market Size, 2018-2029

8.7.2 By Company, South Korea Waste Heat Recovery Steam System Revenue Market Share, 2018-2023

8.7.3 By Type, South Korea Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.7.4 By Application, South Korea Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.8 Southeast Asia

8.8.1 Southeast Asia Waste Heat Recovery Steam System Market Size, 2018-2029

8.8.2 By Company, Southeast Asia Waste Heat Recovery Steam System Revenue Market Share, 2018-2023

8.8.3 By Type, Southeast Asia Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.8.4 By Application, Southeast Asia Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.9 India

8.9.1 India Waste Heat Recovery Steam System Market Size, 2018-2029

8.9.2 By Company, India Waste Heat Recovery Steam System Revenue Market Share, 2018-2023

8.9.3 By Type, India Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.9.4 By Application, India Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.10 Middle East & Asia

8.10.1 Middle East & Asia Waste Heat Recovery Steam System Market Size, 2018-2029

8.10.2 By Company, Middle East & Asia Waste Heat Recovery Steam System Revenue Market Share, 2018-2023

8.10.3 By Type, Middle East & Asia Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

8.10.4 By Application, Middle East & Asia Waste Heat Recovery Steam System Revenue Market Share, 2022 VS 2029

9 Global Manufacturers Profile

9.1 ABB

9.1.1 ABB Company Information, Head Office, Market Area and Industry Position

9.1.2 ABB Company Profile and Main Business

9.1.3 ABB Waste Heat Recovery Steam System Models, Specifications and Application

9.1.4 ABB Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.1.5 ABB Recent Developments

9.2 MHI

9.2.1 MHI Company Information, Head Office, Market Area and Industry Position

9.2.2 MHI Company Profile and Main Business

9.2.3 MHI Waste Heat Recovery Steam System Models, Specifications and Application

9.2.4 MHI Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.2.5 MHI Recent Developments

9.3 Siemens

9.3.1 Siemens Company Information, Head Office, Market Area and Industry Position

9.3.2 Siemens Company Profile and Main Business

9.3.3 Siemens Waste Heat Recovery Steam System Models, Specifications and Application

9.3.4 Siemens Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.3.5 Siemens Recent Developments

9.4 GE

9.4.1 GE Company Information, Head Office, Market Area and Industry Position

9.4.2 GE Company Profile and Main Business

9.4.3 GE Waste Heat Recovery Steam System Models, Specifications and Application

9.4.4 GE Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.4.5 GE Recent Developments

9.5 Kawasaki

9.5.1 Kawasaki Company Information, Head Office, Market Area and Industry Position

9.5.2 Kawasaki Company Profile and Main Business

9.5.3 Kawasaki Waste Heat Recovery Steam System Models, Specifications and Application

9.5.4 Kawasaki Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.5.5 Kawasaki Recent Developments

9.6 Ormat

9.6.1 Ormat Company Information, Head Office, Market Area and Industry Position

9.6.2 Ormat Company Profile and Main Business

9.6.3 Ormat Waste Heat Recovery Steam System Models, Specifications and Application

9.6.4 Ormat Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.6.5 Ormat Recent Developments

9.7 Foster Wheeler

9.7.1 Foster Wheeler Company Information, Head Office, Market Area and Industry Position

9.7.2 Foster Wheeler Company Profile and Main Business

9.7.3 Foster Wheeler Waste Heat Recovery Steam System Models, Specifications and Application

9.7.4 Foster Wheeler Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.7.5 Foster Wheeler Recent Developments

9.8 Bosch

9.8.1 Bosch Company Information, Head Office, Market Area and Industry Position

9.8.2 Bosch Company Profile and Main Business

9.8.3 Bosch Waste Heat Recovery Steam System Models, Specifications and Application

9.8.4 Bosch Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.8.5 Bosch Recent Developments

9.9 Echogen Power Systems

9.9.1 Echogen Power Systems Company Information, Head Office, Market Area and Industry Position

9.9.2 Echogen Power Systems Company Profile and Main Business

9.9.3 Echogen Power Systems Waste Heat Recovery Steam System Models, Specifications and Application

9.9.4 Echogen Power Systems Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.9.5 Echogen Power Systems Recent Developments

9.10 EST (Wasabi)

9.10.1 EST (Wasabi) Company Information, Head Office, Market Area and Industry Position

9.10.2 EST (Wasabi) Company Profile and Main Business

9.10.3 EST (Wasabi) Waste Heat Recovery Steam System Models, Specifications and Application

9.10.4 EST (Wasabi) Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.10.5 EST (Wasabi) Recent Developments

9.11 Thermax

9.11.1 Thermax Company Information, Head Office, Market Area and Industry Position

9.11.2 Thermax Company Profile and Main Business

9.11.3 Thermax Waste Heat Recovery Steam System Models, Specifications and Application

9.11.4 Thermax Waste Heat Recovery Steam System Revenue and Gross Margin, 2018-2023

9.11.5 Thermax Recent Developments

10 Conclusion

11 Appendix

11.1 Research Methodology

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Market Estimation Model

11.4 Disclaimer

Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Global Waste Heat Recovery Steam System Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
What is the market value of the Global Waste Heat Recovery Steam System Industry?
In 2024, the Global Waste Heat Recovery Steam System Market share exceeded USD xx million. Between 2025 and 2030, it will grow at a CAGR of yy%.
Is further segmentation possible given the scope of the Global Waste Heat Recovery Steam System Market study?
Yes, the add-on segmentation is available in the premium customised version of the Global Waste Heat Recovery Steam System Market report for a more in-depth analysis. It aids in the calculation of refined and precise market values.
How is the Global Waste Heat Recovery Steam System Market's changing dynamics captured?
The Global Waste Heat Recovery Steam System analysis provides high-level qualitative commentary on market dynamics, including information on growth drivers, influential trends, challenges, and opportunities.