Global Waste Heat Recovery Market 2019-2023 | Evolving Opportunities with ABB & Clean Energy Technologies, Inc. | Technavio

The global waste heat recovery market size is poised to grow by USD 16.8 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of over 6% during the forecast period. Request Free Sample Pages

This press release features multimedia. View the full release here:

Technavio has announced its latest market research report titled global waste heat recovery market 2019-2023. (Graphic: Business Wire)

Technavio has announced its latest market research report titled global waste heat recovery market 2019-2023. (Graphic: Business Wire)

Read the 125-page research report with TOC on " Waste Heat Recovery Market Analysis Report by end-users (chemical, petroleum refining, paper, commercial and institutional, food and beverages, metal, and other end-users) and geography (APAC, Europe, MEA, North America, and South America)".

The market is driven by the increasing focus on reducing emissions and carbon footprint. Also, the advent of new technologies for waste heat recovery is anticipated to further boost the growth of the waste heat recovery market.

The increasing emission of greenhouse gases from the exhaust of manufacturing facilities is giving rise to poor environmental conditions. However, the heat generated from the exhaust of these industries can be put to use by waste heat recovery systems as these systems help in converting large amounts of heat into electricity. It can also help to reduce CO2 emissions. The implementation of stringent regulations for industrial gas emissions in various countries will boost the growth of the market. Moreover, there are also various initiatives that are being put into action to control greenhouse gas emission and industrial energy emissions. Many countries have implemented e-emission trading systems as well. With such initiatives, the demand for waste heat recovery systems is likely to increase during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Waste Heat Recovery Companies:


ABB provides electrical motors, generators, drives, power electronics, and industrial robots. The company also provides waste heat recovery systems, which are primarily developed for the shipbuilding industry. These systems are designed for installation on large marine containers and bulk vessels.

Clean Energy Technologies, Inc

Clean Energy Technologies, Inc provides clean energy and environmentally sustainable technology solutions to companies by offering heat recovery solutions products. The company’s key product offerings include Clean Cycle II Organic Rankine Cycle, a heat recovery generator that uses the company’s patented magnetic bearing turbine technology to capture wasted heat and convert it into electricity that can be used or sold back to the grid.

John Wood Group PLC

John Wood Group PLC has business operations under various segments, which include asset solutions Americas; asset solutions Europe, Africa, Asia & Australia; specialist technical solutions; environment & infrastructure solutions; and investment services. The company offers waste recovery solution from its subsidiary Amec Foster Wheeler.


MITSUBISHI HEAVY INDUSTRIES, LTD. supplies gas and steam power generation systems, nuclear power plant equipment, wind power generators, aero engines, compressors, and marine machinery. The company’s key offerings in the waste heat recovery category include Eco - TG System, and STG System.


Siemens offers products, systems, solutions, software, and services for transmitting and distributing power and developing intelligent grid infrastructures. The company’s key offerings for the market include Siemens Organic Rankine Cycle, an ORC technology module, which can generate power output, ranging from 300 kilowatt (kW) to 2 megawatt (MW), using chlorine-free, non-toxic working mediums.

Register for a free trial today and gain instant access to 10,000+ market research reports. Technavio's SUBSCRIPTION platform

Waste Heat Recovery End-Users Outlook (Revenue, USD Million, 2019 - 2023)

  • Chemical
  • Petroleum refining
  • Paper, commercial and institutional
  • Food and beverages
  • Metal
  • Other end-users

Waste Heat Recovery Regional Outlook (Revenue, USD Million, 2019 - 2023)

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Related Reports on Industrials are:

Plastic Waste Management Market – Global Plastic Waste Management Market by type (disposal, incineration, and recycling) and geography (APAC, Europe, MEA, North America, and South America).

Municipal Solid Waste Management Market – Global Municipal Solid Waste Management Market by disposal method (landfill, incineration, recycling, open dump, and others), and geography (APAC, Europe, Middle East and Africa, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at