LONDON--(BUSINESS WIRE)--Technavio has been monitoring the waste heat recovery market and it is poised to grow by USD 11.31 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- What was the value of the waste heat recovery market in 2019?
- Technavio says that the value of the market was at USD 49.06 billion in 2019 and it is projected to reach USD 60.37 billion by 2024.
- At what rate is the market projected to grow in the forecast period 2020-2024?
- Growing at a CAGR of over 4%, the market growth will accelerate in the forecast period of 2020-2024.
- What is the key factor driving the market?
- Increasing focus on reducing carbon footprint and the emergence of advanced technologies for waste heat recovery are the key factors driving the market growth.
- Who are the top players in the market?
- ABB Ltd., Alfa Laval AB, Clean Energy Technologies Inc., GEA Group Aktiengesellschaft, General Electric Co., John Wood Group Plc, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Siemens AG, and Thermax Ltd. are some of the major market participants.
- Which region is expected to hold the highest market share?
- North America
- What is the year-over-year growth rate of the global market?
- The year-over-year growth rate for 2020 is estimated at 1.67%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Alfa Laval AB, Clean Energy Technologies Inc., GEA Group Aktiengesellschaft, General Electric Co., John Wood Group Plc, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Siemens AG, and Thermax Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing focus on reducing carbon footprint has been instrumental in driving the growth of the market.
Waste Heat Recovery Market 2020-2024: Segmentation
Waste Heat Recovery Market is segmented as below:
-
End-user
- Chemical. Petroleum Refining
- Paper
- Commercial and Institutional
- Food and Beverages
- Metal
- Other End-users
-
Geography
- North America
- Europe
- APAC
- MEA
- South America
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Waste Heat Recovery Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our waste heat recovery market report covers the following areas:
- Waste Heat Recovery Market size
- Waste Heat Recovery Market trends
- Waste Heat Recovery Market analysis
This study identifies the emergence of advanced technologies for waste heat recovery as one of the prime reasons driving the waste heat recovery market growth during the next few years.
Waste Heat Recovery Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the waste heat recovery market, including some of the vendors such as ABB Ltd., Alfa Laval AB, Clean Energy Technologies Inc., GEA Group Aktiengesellschaft, General Electric Co., John Wood Group Plc, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Siemens AG, and Thermax Ltd. Backed with competitive intelligence and benchmarking, our research reports on the waste heat recovery market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Waste Heat Recovery Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist waste heat recovery market growth during the next five years
- Estimation of the waste heat recovery market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the waste heat recovery market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of waste heat recovery market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Chemical - Market size and forecast 2019-2024
- Petroleum refining - Market size and forecast 2019-2024
- Paper - Market size and forecast 2019-2024
- Commercial and institutional - Market size and forecast 2019-2024
- Food and beverages - Market size and forecast 2019-2024
- Metal - Market size and forecast 2019-2024
- Other end-users - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers – Demand led growth
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Alfa Laval AB
- Clean Energy Technologies Inc.
- GEA Group Aktiengesellschaft
- General Electric Co.
- John Wood Group Plc
- Mitsubishi Heavy Industries Ltd.
- Robert Bosch GmbH
- Siemens AG
- Thermax Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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