Pune, 17, April, 2023: A global Energy & Power business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the “Waste Heat Recovery System Market”, which is a combination of primary data and secondary data. According to the report, the market is to grow from USD 70.83 Bn in 2022 to USD 113.8 Bn in 2029 at a CAGR of 7 percent.
Waste Heat Recovery System Market Report Scope and Research Methodology
The Waste Heat Recovery System Market research provides a comprehensive market segmentation analysis along with market estimation for the period 2023-2029. The dynamics section in the report provides detailed information on the market drivers, opportunities, restraints, challenges and advantages. The report focuses on the trends and growth prospects of the Waste Heat Recovery System industry. To understand the impact of the various factors on the Waste Heat Recovery System Market, Porter’s five forces analysis is provided in the report. These factors include the bargaining power of suppliers, the competitive intensity of competitors, the threat of substitutes, the threat of new entrants and the bargaining power of buyers, which makes the Waste Heat Recovery System Market report an investor’s guide. SWOT analysis was conducted to provide the strengths and weaknesses of the Waste Heat Recovery System Market, while PORTER, PESTEL analysis was employed to understand the potential impact of macro-economic and micro-economic factors influencing the market.
Waste Heat Recovery System Market Dynamics
The growing chemical industry due to the high heat recovery potential possessed by the flue gases in the chemical industry is driving the growth of the Waste Heat Recovery System market. The market is primarily driven by the increasing use of waste heat recovery systems for preheating of combustion air, furnace loads, space heating and boiler feed water. The market is expected to be restrained by the low quality, low temperature and low efficiency of heat recovered from the output such as cooling water.
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Waste Heat Recovery System Market Regional Insights
In 2022, the North America region dominated the global Waste Heat Recovery System Market and retain its dominance during the forecast period. This growth of the regional market is attributed to the increasing demand for onsite power generation.
The Waste Heat Recovery System Market in the Asia Pacific region is expected to grow at a CAGR of 11.3 percent during the forecast period. The regional market is growing majorly due to the growing construction industry and increasing demand for waste heat recovery system in cement industry.
Waste Heat Recovery System Market Segmentation
By End-User Industry
By Application
Waste Heat Recovery System Key Competitors include:
Table of Content for Global Waste Heat Recovery System Market
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Key questions answered in the Waste Heat Recovery System Market are:
Key Offerings:
Maximize Market Research is leading Energy & Power research firm, has also published the following reports:
Exhaust Heat Recovery System Market – The market size is expected to reach USD 26.41 billion by 2029 at a CAGR of 6.3 percent during the forecast period. The market is expected to be driven by the major focus of OMEs to reduce carbon footprints.
Power Generation Market – The market size is expected to reach USD 1.76 trillion by 2029 at a CAGR of 3.5 percent during the forecast period. The market is expected to be driven by the growing population and rapid urbanization in developing countries.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Media ContactCompany Name: MAXIMIZE MARKET RESEARCH PVT. LTD.Contact Person: Geeta YevleEmail: Send EmailPhone: +91 9607365656Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,City: PuneState: MaharashtraCountry: IndiaWebsite: https://www.maximizemarketresearch.com/market-report/global-waste-heat-recovery-system-market/14979/