United States Waste Heat Recovery Unit Market was valued at USD 4.1 Billion in 2022 and is projected to reach USD 6.6 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The US Waste Heat Recovery Unit Market has witnessed significant growth in recent years, driven by the increasing need for energy efficiency and environmental sustainability across various industries. Waste heat recovery units (WHRUs) are systems that capture and reuse waste heat, which would otherwise be lost in industrial processes. These units are particularly important in industries such as cement, steel, chemicals, and power generation, where high amounts of heat are produced during manufacturing processes.
One of the key drivers behind the adoption of waste heat recovery units in the US market is the growing emphasis on reducing carbon footprints and minimizing energy consumption. As businesses seek to lower operating costs while adhering to environmental regulations, WHRUs offer a practical solution by converting waste heat into usable energy. This not only helps reduce energy bills but also contributes to sustainability goals by decreasing greenhouse gas emissions.
The Waste Heat Recovery Unit market is diverse, with different types of units tailored to specific industrial requirements. These include recuperators, regenerators, and heat exchangers, each designed to optimize the recovery process based on the type of waste heat and the scale of the operation. For example, a cement plant may use a rotary kiln heat exchanger to capture heat from exhaust gases, while a power plant may implement a heat recovery steam generator (HRSG) to recover heat from flue gases for electricity generation.
Industries are increasingly recognizing the value of waste heat recovery systems, not only for improving energy efficiency but also for complying with government regulations. Energy-intensive sectors such as metal production, refining, and food processing are among the largest adopters of WHRUs. Moreover, the availability of government incentives for energy conservation projects has further spurred the growth of the waste heat recovery unit market in the US.
As the demand for green technologies rises, it is expected that the Waste Heat Recovery Unit market will continue to expand, driven by both industrial needs and the push for more sustainable solutions. Businesses across a variety of sectors are increasingly turning to waste heat recovery systems as a way to optimize operations, reduce energy consumption, and lower their environmental impact.
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ABB
MHI
Siemens
GE
Kawasaki
Ormat
Foster Wheeler
Bosch
Echogen Power Systems
EST (Wasabi)
Thermax
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 US Waste Heat Recovery Unit Market
Industrial Applications
Commercial Applications
Residential Applications
Organic Rankine Cycle (ORC)
Steam Rankine Cycle (SRC)
Kalina Cycle
Power Generation
Chemical Industry
Petrochemical Industry
Steel Industry
Cement Industry
Exhaust Gases
Flue Gases
Wastewater
Industrial Process Heat
Heat Exchanger
Expander
Compressor
Generator
Piping and Valves
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 US Waste Heat Recovery Unit 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. US Waste Heat Recovery Unit Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Waste Heat Recovery Unit Market, By Type
6. US Waste Heat Recovery Unit Market, By Application
7. US Waste Heat Recovery Unit Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Waste Heat Recovery Unit Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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