Europe Exhaust Gas Heat Recovery System Market was valued at USD 2.3 Billion in 2022 and is projected to reach USD 4.4 Billion by 2030, growing at a CAGR of 8.7% from 2024 to 2030.
The European Exhaust Gas Heat Recovery System (EGHRS) market is experiencing significant growth, driven by stringent emission regulations and a heightened focus on energy efficiency across various industries. In 2022, the market was valued at approximately USD 8.58 billion and is projected to reach USD 13.27 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 5.6%. citeturn0search0
**Key Market Segments**
Component Types: The market encompasses various components, including Exhaust Gas Recirculation (EGR) valves and coolers, turbines, Thermoelectric Generator (TEG) modules, compressors, evaporators, condensers, expanders, pumps, thermoelectric modules, and heat exchangers. citeturn0search0
Technologies: Prominent technologies in the EGHRS market include EGR, TEG, Organic Rankine Cycle (ORC), turbochargers, and others, each contributing to the efficient conversion of exhaust heat into usable energy. citeturn0search0
Vehicle Types: The adoption of EGHRS spans various vehicle categories, notably passenger cars and light commercial vehicles, aiming to enhance fuel efficiency and comply with evolving emission standards. citeturn0search0
**Industry Requirements and Drivers**
Industries, particularly the automotive sector, are increasingly adopting EGHRS to meet stringent emission norms and improve fuel efficiency. Technologies like EGR and turbochargers are widely implemented in diesel vehicles, while gasoline vehicles are gradually incorporating these systems to adhere to regulatory standards. The growing production of commercial vehicles also presents significant opportunities for advanced EGHRS technologies, including ORC and TEG. citeturn0search2
**Regulatory Influence and Market Dynamics**
European regulations mandating reductions in greenhouse gas emissions are compelling industries to invest in technologies that minimize fuel consumption and emissions. Germany, in particular, plays a pivotal role in the European EGHRS market, influenced by its rigorous emission requirements and substantial automotive industry. citeturn0search7
**Market Outlook**
The European EGHRS market is poised for continued expansion, propelled by technological advancements and a collective industry shift towards sustainable practices. As industries strive to meet evolving environmental standards, the demand for efficient exhaust heat recovery solutions is expected to rise, offering both economic and ecological benefits.
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Kawasaki
Sinoma Energy Conservation
Kesen Kenen
Boustead International Heaters
CITIC Heavy Industries
Thermax
Lingda Group
Ormat
Turboden
Exergy International
Enertime
ElectraTherm
E-Rational
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Exhaust Gas Heat Recovery System Market
Steam Rankine Cycle
Organic Rankine Cycle
Direct Expansion
Heat Pipe Systems
Industrial
Marine
Automotive
Commercial
Power Plants
Manufacturing Facilities
Transportation Fleets
Residential Buildings
Heat Exchangers
Turbines
Pumps
Control Systems
Natural Gas
Diesel
Biodiesel
Coal
Renewable Sources
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Exhaust Gas Heat Recovery System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Exhaust Gas Heat Recovery System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Exhaust Gas Heat Recovery System Market, By Type
6. Europe Exhaust Gas Heat Recovery System Market, By Application
7. Europe Exhaust Gas Heat Recovery System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Exhaust Gas Heat Recovery System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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