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Waste Heat Recovery

Waste heat recovery is the process of “heat integration”, that is, reusing heat energy that would otherwise be disposed of or simply released into the atmosphere. By recovering waste heat, plants can reduce energy costs and CO2 emissions, while simultaneously increasing energy efficiency.

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Product & engineering

Understand the product.

Waste heat recovery is the process of “heat integration”, that is, reusing heat energy that would otherwise be disposed of or simply released into the atmosphere. By recovering waste heat, plants can reduce energy costs and CO2 emissions, while simultaneously increasing energy efficiency.

Waste heat to power (WHP) is the process of capturing heat discarded by an existing industrial process and using that heat to generate power. Energy intensive industrial processes—such as those occurring at refineries, steel mills, glass furnaces, and cement kilns—all release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity. The recovery of industrial waste heat for power is a largely untapped type of combined heat and power (CHP), which is the use of a single fuel source to generate both thermal energy (heating or cooling) and electricity.

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Industry Growth & Trends

Global Waste Heat Recovery Industry Growth and Trends Forecast to 2032

29 December 2025103 pages

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Industry ResearchWaste Heat Recovery Industry Research Report 2026124 pages · $2,950 USDIndustry Growth & TrendsGlobal Waste Heat Recovery Industry Growth and Trends Forecast to 2032103 pages · $3,450 USDMarket StructureGlobal Waste Heat Recovery Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032193 pages · $3,950 USDMarket Outlook & Growth OpportunitiesGlobal Waste Heat Recovery Market Outlook and Growth Opportunities 2026196 pages · $4,250 USDMarket Analysis & ForecastGlobal Waste Heat Recovery Market Analysis and Forecast 2026-2032217 pages · $4,950 USD

Market perspective

Waste heat recovery is the process of “heat integration”, that is, reusing heat energy that would otherwise be disposed of or simply released into the atmosphere. By recovering waste heat, plants can reduce energy costs and CO2 emissions, while simultaneously increasing energy efficiency.

Waste heat to power (WHP) is the process of capturing heat discarded by an existing industrial process and using that heat to generate power. Energy intensive industrial processes—such as those occurring at refineries, steel mills, glass furnaces, and cement kilns—all release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity. The recovery of industrial waste heat for power is a largely untapped type of combined heat and power (CHP), which is the use of a single fuel source to generate both thermal energy (heating or cooling) and electricity.

Global Waste Heat Recovery key players include Kawasaki, Sinoma Energy Conservation, Kesen Kenen, Boustead International Heaters, etc. Global top four manufacturers hold a share about 45%.

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China is the largest market, with a share about 80%, followed by Europe, and India, both have a share over 10 percent.

In terms of product, Over 7MW is the largest segment, with a share over 60%. And in terms of application, the largest application is Cement, followed by Steel, Chemical, Petroleum Refining, etc.

Report Scope

This report provides a structured, data-driven view of the global Waste Heat Recovery market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.

The Waste Heat Recovery market size, estimates, and forecasts are presented in terms of sales volume (MW) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Waste Heat Recovery market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Waste Heat Recovery.

Key Companies & Market Share Insights

This section analyzes the strategies and performance of leading manufacturers in the global Waste Heat Recovery market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.

Waste Heat Recovery Market by Company

Kawasaki

Sinoma Energy Conservation

Kesen Kenen

Boustead International Heaters

CITIC Heavy Industries

Thermax

Lingda Group

Ormat

Turboden

Exergy International

Enertime

ElectraTherm

E-Rational

Waste Heat Recovery Segment by MW Capacity

Over 7MW

Below 1MW

1MW-3MW

3MW-7MW

Waste Heat Recovery Segment by Industry

Cement

Steel

Petroleum Refining

Chemical

Other

Waste Heat Recovery Segment by Region

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Spain

Netherlands

Switzerland

Sweden

Poland

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Middle East & Africa

Egypt

South Africa

Israel

Türkiye

GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Waste Heat Recovery market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Waste Heat Recovery and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Waste Heat Recovery.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Waste Heat Recovery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of Waste Heat Recovery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.

More report detail

Tables and figures
List of Tables Table 1. Major Company of Over 7MW Table 2. Major Company of Below 1MW Table 3. Major Company of 1MW-3MW Table 4. Major Company of 3MW-7MW Table 5. Global Waste Heat Recovery Sales by MW Capacity (2021 VS 2025 VS 2032) & (US$ Million) Table 6. Global Waste Heat Recovery Sales by MW Capacity (2021-2026) & (MW) Table 7. Global Waste Heat Recovery Sales Market Share in Volume by MW Capacity (2021-2026) Table 8. Global Waste Heat Recovery Sales by MW Capacity (2021-2026) & (US$ Million) Table 9. Global Waste Heat Recovery Sales Market Share in Value by MW Capacity (2021-2026) Table 10. Global Waste Heat Recovery Price by MW Capacity (2021-2026) & (US$/kW) Table 11. Global Waste Heat Recovery Sales by MW Capacity (2027-2032) & (MW) Table 12. Global Waste Heat Recovery Sales Market Share in Volume by MW Capacity (2027-2032) Table 13. Global Waste Heat Recovery Sales by MW Capacity (2027-2032) & (US$ Million) Table 14. Global Waste Heat Recovery Sales Market Share in Value by MW Capacity (2027-2032) Table 15. Global Waste Heat Recovery Price by MW Capacity (2027-2032) & (US$/kW) Table 16. North America Waste Heat Recovery Sales by MW Capacity (2021-2026) & (MW) Table 17. North America Waste Heat Recovery Sales by MW Capacity (2021-2026) & (US$ Million) Table 18. Europe Waste Heat Recovery Sales by MW Capacity (2021-2026) & (MW) Table 19. Europe Waste Heat Recovery Sales by MW Capacity (2021-2026) & (US$ Million) Table 20. Asia-Pacific Waste Heat Recovery Sales by MW Capacity (2021-2026) & (MW) Table 21. Asia-Pacific Waste Heat Recovery Sales by MW Capacity (2021-2026) & (US$ Million) Table 22. Latin America Waste Heat Recovery Sales by MW Capacity (2021-2026) & (MW) Table 23. Latin America Waste Heat Recovery Sales by MW Capacity (2021-2026) & (US$ Million) Table 24. Middle East and Africa Waste Heat Recovery Sales by MW Capacity (2021-2026) & (MW) Table 25. Middle East and Africa Waste Heat Recovery Sales by MW Capacity (2021-2026) & (US$ Million) Table 26. Waste Heat Recovery Industry Trends Table 27. Waste Heat Recovery Industry Drivers Table 28. Waste Heat Recovery Industry Opportunities and Challenges Table 29. Waste Heat Recovery Industry Restraints Table 30. Global Waste Heat Recovery Sales Revenue by Company (US$ Million) & (2021-2026) Table 31. Global Waste Heat Recovery Revenue Market Share by Company (2021-2026) Table 32. Global Waste Heat Recovery Sales by Company (2021-2026) & (MW) Table 33. Global Waste Heat Recovery Sales Share by Company (2021-2026) Table 34. Global Waste Heat Recovery Market Price by Company (2021-2026) & (US$/kW) Table 35. Global Waste Heat Recovery Industry Company Ranking, 2024 VS 2025 VS 2026 Table 36. Global Waste Heat Recovery Major Company Production Sites and Headquarters Table 37. Global Waste Heat Recovery Company, Product Type & Application Table 38. Global Waste Heat Recovery Company Establishment Date Table 39. Global Company Market Concentration Ratio (CR5 and HHI) Table 40. Global Waste Heat Recovery by Company Type (Tier 1, Tier 2, and Tier 3) & (Based on the Revenue of 2025) Table 41. Global Waste Heat Recovery Market Size Comparison by Region (US$ Million): 2021 VS 2025 VS 2032 Table 42. Global Waste Heat Recovery Sales by Region (2021-2026) & (MW) Table 43. Global Waste Heat Recovery Sales Market Share in Volume by Region (2021-2026) Table 44. Global Waste Heat Recovery Sales by Region (2021-2026) & (US$ Million) Table 45. Global Waste Heat Recovery Sales Market Share in Value by Region (2021-2026) Table 46. Global Waste Heat Recovery Sales (MW), Value (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 47. Global Waste Heat Recovery Sales by Region (2027-2032) & (MW) Table 48. Global Waste Heat Recovery Sales Market Share in Volume by Region (2027-2032) Table 49. Global Waste Heat Recovery Sales by Region (2027-2032) & (US$ Million) Table 50. Global Waste Heat Recovery Sales Market Share in Value by Region (2027-2032) Table 51. Global Waste Heat Recovery Sales (MW), Value (US$ Million), Price (US$/kW) and Gross Margin (2027-2032) Table 52. Global Waste Heat Recovery Sales by Industry (2021 VS 2025 VS 2032) & (US$ Million) Table 53. Global Waste Heat Recovery Sales by Industry (2021-2026) & (MW) Table 54. Global Waste Heat Recovery Sales Market Share in Volume by Industry (2021-2026) Table 55. Global Waste Heat Recovery Sales by Industry (2021-2026) & (US$ Million) Table 56. Global Waste Heat Recovery Sales Market Share in Value by Industry (2021-2026) Table 57. Global Waste Heat Recovery Price by Industry (2021-2026) & (US$/kW) Table 58. Global Waste Heat Recovery Sales by Industry (2027-2032) & (MW) Table 59. Global Waste Heat Recovery Sales Market Share in Volume by Industry (2027-2032) Table 60. Global Waste Heat Recovery Sales by Industry (2027-2032) & (US$ Million) Table 61. Global Waste Heat Recovery Sales Market Share in Value by Industry (2027-2032) Table 62. Global Waste Heat Recovery Price by Industry (2027-2032) & (US$/kW) Table 63. North America Waste Heat Recovery Sales by Industry (2021-2026) & (MW) Table 64. North America Waste Heat Recovery Sales by Industry (2021-2026) & (US$ Million) Table 65. Europe Waste Heat Recovery Sales by Industry (2021-2026) & (MW) Table 66. Europe Waste Heat Recovery Sales by Industry (2021-2026) & (US$ Million) Table 67. Asia-Pacific Waste Heat Recovery Sales by Industry (2021-2026) & (MW) Table 68. Asia-Pacific Waste Heat Recovery Sales by Industry (2021-2026) & (US$ Million) Table 69. Latin America Waste Heat Recovery Sales by Industry (2021-2026) & (MW) Table 70. Latin America Waste Heat Recovery Sales by Industry (2021-2026) & (US$ Million) Table 71. Middle East and Africa Waste Heat Recovery Sales by Industry (2021-2026) & (MW) Table 72. Middle East and Africa Waste Heat Recovery Sales by Industry (2021-2026) & (US$ Million) Table 73. Kawasaki Company Information Table 74. Kawasaki Business Overview Table 75. Kawasaki Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 76. Kawasaki Waste Heat Recovery Product Portfolio Table 77. Kawasaki Recent Development Table 78. Sinoma Energy Conservation Company Information Table 79. Sinoma Energy Conservation Business Overview Table 80. Sinoma Energy Conservation Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 81. Sinoma Energy Conservation Waste Heat Recovery Product Portfolio Table 82. Sinoma Energy Conservation Recent Development Table 83. Kesen Kenen Company Information Table 84. Kesen Kenen Business Overview Table 85. Kesen Kenen Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 86. Kesen Kenen Waste Heat Recovery Product Portfolio Table 87. Kesen Kenen Recent Development Table 88. Boustead International Heaters Company Information Table 89. Boustead International Heaters Business Overview Table 90. Boustead International Heaters Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 91. Boustead International Heaters Waste Heat Recovery Product Portfolio Table 92. Boustead International Heaters Recent Development Table 93. CITIC Heavy Industries Company Information Table 94. CITIC Heavy Industries Business Overview Table 95. CITIC Heavy Industries Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 96. CITIC Heavy Industries Waste Heat Recovery Product Portfolio Table 97. CITIC Heavy Industries Recent Development Table 98. Thermax Company Information Table 99. Thermax Business Overview Table 100. Thermax Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 101. Thermax Waste Heat Recovery Product Portfolio Table 102. Thermax Recent Development Table 103. Lingda Group Company Information Table 104. Lingda Group Business Overview Table 105. Lingda Group Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 106. Lingda Group Waste Heat Recovery Product Portfolio Table 107. Lingda Group Recent Development Table 108. Ormat Company Information Table 109. Ormat Business Overview Table 110. Ormat Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 111. Ormat Waste Heat Recovery Product Portfolio Table 112. Ormat Recent Development Table 113. Turboden Company Information Table 114. Turboden Business Overview Table 115. Turboden Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 116. Turboden Waste Heat Recovery Product Portfolio Table 117. Turboden Recent Development Table 118. Exergy International Company Information Table 119. Exergy International Business Overview Table 120. Exergy International Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 121. Exergy International Waste Heat Recovery Product Portfolio Table 122. Exergy International Recent Development Table 123. Enertime Company Information Table 124. Enertime Business Overview Table 125. Enertime Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 126. Enertime Waste Heat Recovery Product Portfolio Table 127. Enertime Recent Development Table 128. ElectraTherm Company Information Table 129. ElectraTherm Business Overview Table 130. ElectraTherm Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 131. ElectraTherm Waste Heat Recovery Product Portfolio Table 132. ElectraTherm Recent Development Table 133. E-Rational Company Information Table 134. E-Rational Business Overview Table 135. E-Rational Waste Heat Recovery Sales (MW), Revenue (US$ Million), Price (US$/kW) and Gross Margin (2021-2026) Table 136. E-Rational Waste Heat Recovery Product Portfolio Table 137. E-Rational Recent Development Table 138. North America Waste Heat Recovery Market Size Growth Rate (CAGR) by Country (MW): 2021 VS 2025 VS 2032 Table 139. North America Waste Heat Recovery Sales by Country (2021-2026) & (MW) Table 140. North America Waste Heat Recovery Sales Market Share by Country (2021-2026) Table 141. North America Waste Heat Recovery Sales Forecast by Country (2027-2032) & (MW) Table 142. North America Waste Heat Recovery Sales Market Share Forecast by Country (2027-2032) Table 143. North America Waste Heat Recovery Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 144. North America Waste Heat Recovery Market Size by Country (2021-2026) & (US$ Million) Table 145. North America Waste Heat Recovery Market Share by Country (2021-2026) Table 146. North America Waste Heat Recovery Market Size Forecast by Country (2027-2032) & (US$ Million) Table 147. North America Waste Heat Recovery Market Share Forecast by Country (2027-2032) Table 148. Europe Waste Heat Recovery Market Size Growth Rate (CAGR) by Country (MW): 2021 VS 2025 VS 2032 Table 149. Europe Waste Heat Recovery Sales by Country (2021-2026) & (MW) Table 150. Europe Waste Heat Recovery Sales Market Share by Country (2021-2026) Table 151. Europe Waste Heat Recovery Sales Forecast by Country (2027-2032) & (MW) Table 152. Europe Waste Heat Recovery Sales Market Share Forecast by Country (2027-2032) Table 153. Europe Waste Heat Recovery Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 154. Europe Waste Heat Recovery Market Size by Country (2021-2026) & (US$ Million) Table 155. Europe Waste Heat Recovery Market Share by Country (2021-2026) Table 156. Europe Waste Heat Recovery Market Size Forecast by Country (2027-2032) & (US$ Million) Table 157. Europe Waste Heat Recovery Market Share Forecast by Country (2027-2032) Table 158. Asia-Pacific Waste Heat Recovery Market Size Growth Rate (CAGR) by Country (MW): 2021 VS 2025 VS 2032 Table 159. Asia-Pacific Waste Heat Recovery Sales by Country (2021-2026) & (MW) Table 160. Asia-Pacific Waste Heat Recovery Sales Market Share by Country (2021-2026) Table 161. Asia-Pacific Waste Heat Recovery Sales Forecast by Country (2027-2032) & (MW) Table 162. Asia-Pacific Waste Heat Recovery Sales Market Share Forecast by Country (2027-2032) Table 163. Asia-Pacific Waste Heat Recovery Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 164. Asia-Pacific Waste Heat Recovery Market Size by Country (2021-2026) & (US$ Million) Table 165. Asia-Pacific Waste Heat Recovery Market Share by Country (2021-2026) Table 166. Asia-Pacific Waste Heat Recovery Market Size Forecast by Country (2027-2032) & (US$ Million) Table 167. Asia-Pacific Waste Heat Recovery Market Share Forecast by Country (2027-2032) Table 168. Latin America Waste Heat Recovery Market Size Growth Rate (CAGR) by Country (MW): 2021 VS 2025 VS 2032 Table 169. Latin America Waste Heat Recovery Sales by Country (2021-2026) & (MW) Table 170. Latin America Waste Heat Recovery Sales Market Share by Country (2021-2026) Table 171. Latin America Waste Heat Recovery Sales Forecast by Country (2027-2032) & (MW) Table 172. Latin America Waste Heat Recovery Sales Market Share Forecast by Country (2027-2032) Table 173. Latin America Waste Heat Recovery Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 174. Latin America Waste Heat Recovery Market Size by Country (2021-2026) & (US$ Million) Table 175. Latin America Waste Heat Recovery Market Share by Country (2021-2026) Table 176. Latin America Waste Heat Recovery Market Size Forecast by Country (2027-2032) & (US$ Million) Table 177. Latin America Waste Heat Recovery Market Share Forecast by Country (2027-2032) Table 178. Middle East and Africa Waste Heat Recovery Market Size Growth Rate (CAGR) by Country (MW): 2021 VS 2025 VS 2032 Table 179. Middle East and Africa Waste Heat Recovery Sales by Country (2021-2026) & (MW) Table 180. Middle East and Africa Waste Heat Recovery Sales Market Share by Country (2021-2026) Table 181. Middle East and Africa Waste Heat Recovery Sales Forecast by Country (2027-2032) & (MW) Table 182. Middle East and Africa Waste Heat Recovery Sales Market Share Forecast by Country (2027-2032) Table 183. Middle East and Africa Waste Heat Recovery Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 184. Middle East and Africa Waste Heat Recovery Market Size by Country (2021-2026) & (US$ Million) Table 185. Middle East and Africa Waste Heat Recovery Market Share by Country (2021-2026) Table 186. Middle East and Africa Waste Heat Recovery Market Size Forecast by Country (2027-2032) & (US$ Million) Table 187. Middle East and Africa Waste Heat Recovery Market Share Forecast by Country (2027-2032) Table 188. Key Raw Materials Table 189. Raw Materials Key Suppliers Table 190. Waste Heat Recovery Distributors List Table 191. Waste Heat Recovery Customers List Table 192. Research Programs/Design for This Report Table 193. Authors List of This Report Table 194. Secondary Sources Table 195. Primary Sources List of Figures Figure 1. Waste Heat Recovery Image Figure 2. Global Waste Heat Recovery Market Size (US$ Million), 2021 VS 2025 VS 2032 Figure 3. Global Waste Heat Recovery Market Size (2021-2032) & (US$ Million) Figure 4. Global Waste Heat Recovery Sales (2021-2032) & (MW) Figure 5. Over 7MW Image Figure 6. Global Over 7MW Sales YoY Growth (2021-2032) & (MW) Figure 7. Below 1MW Image Figure 8. Global Below 1MW Sales YoY Growth (2021-2032) & (MW) Figure 9. 1MW-3MW Image Figure 10. Global 1MW-3MW Sales YoY Growth (2021-2032) & (MW) Figure 11. 3MW-7MW Image Figure 12. Global 3MW-7MW Sales YoY Growth (2021-2032) & (MW) Figure 13. Global Waste Heat Recovery Market Size Overview by Type (2021-2032) & (US$ Million) Figure 14. Global Waste Heat Recovery Market Share by Type 2025 VS 2032 Figure 15. North America Waste Heat Recovery Sales Market Share in Volume by Type in 2025 Figure 16. North America Waste Heat Recovery Sales Market Share in Value by Type in 2025 Figure 17. Europe Waste Heat Recovery Sales Market Share in Volume by Type in 2025 Figure 18. Europe Waste Heat Recovery Sales Market Share in Value by Type in 2025 Figure 19. Asia-Pacific Waste Heat Recovery Sales Market Share in Volume by Type in 2025 Figure 20. Asia-Pacific Waste Heat Recovery Sales Market Share in Value by Type in 2025 Figure 21. Latin America Waste Heat Recovery Sales Market Share in Volume by Type in 2025 Figure 22. Latin America Waste Heat Recovery Sales Market Share in Value by Type in 2025 Figure 23. Middle East and Africa Waste Heat Recovery Sales Market Share in Volume by Type in 2025 Figure 24. Middle East and Africa Waste Heat Recovery Sales Market Share in Value by Type in 2025 Figure 25. Global Top 5 and 10 Waste Heat Recovery Players Market Share by Revenue in 2025 Figure 26. Company Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 27. Cement Image Figure 28. Global Cement Sales YoY Growth (2021-2032) & (MW) Figure 29. Steel Image Figure 30. Global Steel Sales YoY Growth (2021-2032) & (MW) Figure 31. Petroleum Refining Image Figure 32. Global Petroleum Refining Sales YoY Growth (2021-2032) & (MW) Figure 33. Chemical Image Figure 34. Global Chemical Sales YoY Growth (2021-2032) & (MW) Figure 35. Other Image Figure 36. Global Other Sales YoY Growth (2021-2032) & (MW) Figure 37. Global Waste Heat Recovery Market Size Overview by Application (2021-2032) & (US$ Million) Figure 38. Global Waste Heat Recovery Market Share by Application 2025 VS 2032 Figure 39. North America Waste Heat Recovery Sales Market Share in Volume by Application in 2025 Figure 40. North America Waste Heat Recovery Sales Market Share in Value by Application in 2025 Figure 41. Europe Waste Heat Recovery Sales Market Share in Volume by Application in 2025 Figure 42. Europe Waste Heat Recovery Sales Market Share in Value by Application in 2025 Figure 43. Asia-Pacific Waste Heat Recovery Sales Market Share in Volume by Application in 2025 Figure 44. Asia-Pacific Waste Heat Recovery Sales Market Share in Value by Application in 2025 Figure 45. Latin America Waste Heat Recovery Sales Market Share in Volume by Application in 2025 Figure 46. Latin America Waste Heat Recovery Sales Market Share in Value by Application in 2025 Figure 47. Middle East and Africa Waste Heat Recovery Sales Market Share in Volume by Application in 2025 Figure 48. Middle East and Africa Waste Heat Recovery Sales Market Share in Value by Application in 2025 Figure 49. North America Waste Heat Recovery Sales by Country: 2021 VS 2025 VS 2032 (MW) Figure 50. North America Waste Heat Recovery Sales Share by Country: 2021 VS 2025 VS 2032 Figure 51. North America Waste Heat Recovery Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 52. North America Waste Heat Recovery Market Share by Country: 2021 VS 2025 VS 2032 Figure 53. Europe Waste Heat Recovery Sales by Country: 2021 VS 2025 VS 2032 (MW) Figure 54. Europe Waste Heat Recovery Sales Share by Country: 2021 VS 2025 VS 2032 Figure 55. Europe Waste Heat Recovery Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 56. Europe Waste Heat Recovery Market Share by Country: 2021 VS 2025 VS 2032 Figure 57. Asia-Pacific Waste Heat Recovery Sales by Country: 2021 VS 2025 VS 2032 (MW) Figure 58. Asia-Pacific Waste Heat Recovery Sales Share by Country: 2021 VS 2025 VS 2032 Figure 59. Asia-Pacific Waste Heat Recovery Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 60. Asia-Pacific Waste Heat Recovery Market Share by Country: 2021 VS 2025 VS 2032 Figure 61. Latin America Waste Heat Recovery Sales by Country: 2021 VS 2025 VS 2032 (MW) Figure 62. Latin America Waste Heat Recovery Sales Share by Country: 2021 VS 2025 VS 2032 Figure 63. Latin America Waste Heat Recovery Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 64. Latin America Waste Heat Recovery Market Share by Country: 2021 VS 2025 VS 2032 Figure 65. Middle East and Africa Waste Heat Recovery Sales by Country: 2021 VS 2025 VS 2032 (MW) Figure 66. Middle East and Africa Waste Heat Recovery Sales Share by Country: 2021 VS 2025 VS 2032 Figure 67. Middle East and Africa Waste Heat Recovery Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 68. Middle East and Africa Waste Heat Recovery Market Share by Country: 2021 VS 2025 VS 2032 Figure 69. Waste Heat Recovery Value Chain Figure 70. Key Raw Materials Price Figure 71. Manufacturing Cost Structure Figure 72. Waste Heat Recovery Production Mode & Process Figure 73. Direct Comparison with Distribution Share Figure 74. Distributors Profiles Figure 75. Years Considered Figure 76. Research Process Figure 77. Key Executives Interviewed

Scope & coverage.

Types
  • Over 7MW
  • Below 1MW
  • 1MW-3MW
  • 3MW-7MW
Applications
  • Cement
  • Steel
  • Petroleum Refining
  • Chemical
  • Other
Companies covered
  • Kawasaki
  • Sinoma Energy Conservation
  • Kesen Kenen
  • Boustead International Heaters
  • CITIC Heavy Industries
  • Thermax
  • Lingda Group
  • Ormat
  • Turboden
  • Exergy International
  • Enertime
  • ElectraTherm
  • E-Rational

Inside the report.

1 Market Overview
  1. 1.1 Product Definition
  2. 1.2 Global Market Growth Prospects
  3. 1.2.1 Global Waste Heat Recovery Market Size Estimates and Forecasts (2021-2032)
  4. 1.2.2 Global Waste Heat Recovery Sales Estimates and Forecasts (2021-2032)
  5. 1.3 Waste Heat Recovery Market by MW Capacity
  6. 1.3.1 Over 7MW
  7. 1.3.2 Below 1MW
  8. 1.3.3 1MW-3MW
  9. 1.3.4 3MW-7MW
  10. 1.4 Global Waste Heat Recovery Market Size by MW Capacity
  11. 1.4.1 Global Waste Heat Recovery Market Size Overview by MW Capacity (2021-2032)
  12. 1.4.2 Global Waste Heat Recovery Historic Market Size Review by MW Capacity (2021-2026)
  13. 1.4.3 Global Waste Heat Recovery Forecasted Market Size by MW Capacity (2027-2032)
  14. 1.5 Key Regions Market Size by Type
  15. 1.5.1 North America Waste Heat Recovery Sales Breakdown by MW Capacity (2021-2026)
  16. 1.5.2 Europe Waste Heat Recovery Sales Breakdown by MW Capacity (2021-2026)
  17. 1.5.3 Asia-Pacific Waste Heat Recovery Sales Breakdown by MW Capacity (2021-2026)
  18. 1.5.4 South America Waste Heat Recovery Sales Breakdown by MW Capacity (2021-2026)
  19. 1.5.5 Middle East and Africa Waste Heat Recovery Sales Breakdown by MW Capacity (2021-2026)
2 Global Market Dynamics
  1. 2.1 Waste Heat Recovery Industry Trends
  2. 2.2 Waste Heat Recovery Industry Drivers
  3. 2.3 Waste Heat Recovery Industry Opportunities and Challenges
  4. 2.4 Waste Heat Recovery Industry Restraints
3 Market Competitive Landscape by Company
  1. 3.1 Global Top Players by Waste Heat Recovery Revenue (2021-2026)
  2. 3.2 Global Top Players by Waste Heat Recovery Sales (2021-2026)
  3. 3.3 Global Top Players by Waste Heat Recovery Price (2021-2026)
  4. 3.4 Global Waste Heat Recovery Industry Company Ranking, 2024 VS 2025 VS 2026
  5. 3.5 Global Waste Heat Recovery Major Company Production Sites & Headquarters
  6. 3.6 Global Waste Heat Recovery Company, Product Type & Application
  7. 3.7 Global Waste Heat Recovery Company Establishment Date
  8. 3.8 Market Competitive Analysis
  9. 3.8.1 Global Waste Heat Recovery Market CR5 and HHI
  10. 3.8.2 Global Top 5 and 10 Waste Heat Recovery Players Market Share by Revenue in 2025
  11. 3.8.3 2025 Waste Heat Recovery Tier 1, Tier 2, and Tier 3
4 Waste Heat Recovery Regional Status and Outlook
  1. 4.1 Global Waste Heat Recovery Market Size and CAGR by Region: 2021 VS 2025 VS 2032
  2. 4.2 Global Waste Heat Recovery Historic Market Size by Region
  3. 4.2.1 Global Waste Heat Recovery Sales in Volume by Region (2021-2026)
  4. 4.2.2 Global Waste Heat Recovery Sales in Value by Region (2021-2026)
  5. 4.2.3 Global Waste Heat Recovery Sales (Volume & Value), Price and Gross Margin (2021-2026)
  6. 4.3 Global Waste Heat Recovery Forecasted Market Size by Region
  7. 4.3.1 Global Waste Heat Recovery Sales in Volume by Region (2027-2032)
  8. 4.3.2 Global Waste Heat Recovery Sales in Value by Region (2027-2032)
  9. 4.3.3 Global Waste Heat Recovery Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Waste Heat Recovery by Application
  1. 5.1 Waste Heat Recovery Market by Industry
  2. 5.1.1 Cement
  3. 5.1.2 Steel
  4. 5.1.3 Petroleum Refining
  5. 5.1.4 Chemical
  6. 5.1.5 Other
  7. 5.2 Global Waste Heat Recovery Market Size by Industry
  8. 5.2.1 Global Waste Heat Recovery Market Size Overview by Application (2021-2032)
  9. 5.2.2 Global Waste Heat Recovery Historic Market Size Review by Application (2021-2026)
  10. 5.2.3 Global Waste Heat Recovery Forecasted Market Size by Application (2027-2032)
  11. 5.3 Key Regions Market Size by Industry
  12. 5.3.1 North America Waste Heat Recovery Sales Breakdown by Industry (2021-2026)
  13. 5.3.2 Europe Waste Heat Recovery Sales Breakdown by Industry (2021-2026)
  14. 5.3.3 Asia-Pacific Waste Heat Recovery Sales Breakdown by Industry (2021-2026)
  15. 5.3.4 South America Waste Heat Recovery Sales Breakdown by Industry (2021-2026)
  16. 5.3.5 Middle East and Africa Waste Heat Recovery Sales Breakdown by Industry (2021-2026)
6 Company Profiles
  1. 6.1 Kawasaki
  2. 6.1.1 Kawasaki Company Information
  3. 6.1.2 Kawasaki Business Overview
  4. 6.1.3 Kawasaki Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  5. 6.1.4 Kawasaki Waste Heat Recovery Product Portfolio
  6. 6.1.5 Kawasaki Recent Developments
  7. 6.2 Sinoma Energy Conservation
  8. 6.2.1 Sinoma Energy Conservation Company Information
  9. 6.2.2 Sinoma Energy Conservation Business Overview
  10. 6.2.3 Sinoma Energy Conservation Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  11. 6.2.4 Sinoma Energy Conservation Waste Heat Recovery Product Portfolio
  12. 6.2.5 Sinoma Energy Conservation Recent Developments
  13. 6.3 Kesen Kenen
  14. 6.3.1 Kesen Kenen Company Information
  15. 6.3.2 Kesen Kenen Business Overview
  16. 6.3.3 Kesen Kenen Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  17. 6.3.4 Kesen Kenen Waste Heat Recovery Product Portfolio
  18. 6.3.5 Kesen Kenen Recent Developments
  19. 6.4 Boustead International Heaters
  20. 6.4.1 Boustead International Heaters Company Information
  21. 6.4.2 Boustead International Heaters Business Overview
  22. 6.4.3 Boustead International Heaters Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  23. 6.4.4 Boustead International Heaters Waste Heat Recovery Product Portfolio
  24. 6.4.5 Boustead International Heaters Recent Developments
  25. 6.5 CITIC Heavy Industries
  26. 6.5.1 CITIC Heavy Industries Company Information
  27. 6.5.2 CITIC Heavy Industries Business Overview
  28. 6.5.3 CITIC Heavy Industries Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  29. 6.5.4 CITIC Heavy Industries Waste Heat Recovery Product Portfolio
  30. 6.5.5 CITIC Heavy Industries Recent Developments
  31. 6.6 Thermax
  32. 6.6.1 Thermax Company Information
  33. 6.6.2 Thermax Business Overview
  34. 6.6.3 Thermax Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  35. 6.6.4 Thermax Waste Heat Recovery Product Portfolio
  36. 6.6.5 Thermax Recent Developments
  37. 6.7 Lingda Group
  38. 6.7.1 Lingda Group Company Information
  39. 6.7.2 Lingda Group Business Overview
  40. 6.7.3 Lingda Group Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  41. 6.7.4 Lingda Group Waste Heat Recovery Product Portfolio
  42. 6.7.5 Lingda Group Recent Developments
  43. 6.8 Ormat
  44. 6.8.1 Ormat Company Information
  45. 6.8.2 Ormat Business Overview
  46. 6.8.3 Ormat Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  47. 6.8.4 Ormat Waste Heat Recovery Product Portfolio
  48. 6.8.5 Ormat Recent Developments
  49. 6.9 Turboden
  50. 6.9.1 Turboden Company Information
  51. 6.9.2 Turboden Business Overview
  52. 6.9.3 Turboden Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  53. 6.9.4 Turboden Waste Heat Recovery Product Portfolio
  54. 6.9.5 Turboden Recent Developments
  55. 6.10 Exergy International
  56. 6.10.1 Exergy International Company Information
  57. 6.10.2 Exergy International Business Overview
  58. 6.10.3 Exergy International Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  59. 6.10.4 Exergy International Waste Heat Recovery Product Portfolio
  60. 6.10.5 Exergy International Recent Developments
  61. 6.11 Enertime
  62. 6.11.1 Enertime Company Information
  63. 6.11.2 Enertime Business Overview
  64. 6.11.3 Enertime Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  65. 6.11.4 Enertime Waste Heat Recovery Product Portfolio
  66. 6.11.5 Enertime Recent Developments
  67. 6.12 ElectraTherm
  68. 6.12.1 ElectraTherm Company Information
  69. 6.12.2 ElectraTherm Business Overview
  70. 6.12.3 ElectraTherm Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  71. 6.12.4 ElectraTherm Waste Heat Recovery Product Portfolio
  72. 6.12.5 ElectraTherm Recent Developments
  73. 6.13 E-Rational
  74. 6.13.1 E-Rational Company Information
  75. 6.13.2 E-Rational Business Overview
  76. 6.13.3 E-Rational Waste Heat Recovery Sales, Revenue and Gross Margin (2021-2026)
  77. 6.13.4 E-Rational Waste Heat Recovery Product Portfolio
  78. 6.13.5 E-Rational Recent Developments
7 North America by Country
  1. 7.1 North America Waste Heat Recovery Sales by Country
  2. 7.1.1 North America Waste Heat Recovery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 7.1.2 North America Waste Heat Recovery Sales by Country (2021-2026)
  4. 7.1.3 North America Waste Heat Recovery Sales Forecast by Country (2027-2032)
  5. 7.2 North America Waste Heat Recovery Market Size by Country
  6. 7.2.1 North America Waste Heat Recovery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 7.2.2 North America Waste Heat Recovery Market Size by Country (2021-2026)
  8. 7.2.3 North America Waste Heat Recovery Market Size Forecast by Country (2027-2032)
8 Europe by Country
  1. 8.1 Europe Waste Heat Recovery Sales by Country
  2. 8.1.1 Europe Waste Heat Recovery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 8.1.2 Europe Waste Heat Recovery Sales by Country (2021-2026)
  4. 8.1.3 Europe Waste Heat Recovery Sales Forecast by Country (2027-2032)
  5. 8.2 Europe Waste Heat Recovery Market Size by Country
  6. 8.2.1 Europe Waste Heat Recovery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 8.2.2 Europe Waste Heat Recovery Market Size by Country (2021-2026)
  8. 8.2.3 Europe Waste Heat Recovery Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
  1. 9.1 Asia-Pacific Waste Heat Recovery Sales by Country
  2. 9.1.1 Asia-Pacific Waste Heat Recovery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 9.1.2 Asia-Pacific Waste Heat Recovery Sales by Country (2021-2026)
  4. 9.1.3 Asia-Pacific Waste Heat Recovery Sales Forecast by Country (2027-2032)
  5. 9.2 Asia-Pacific Waste Heat Recovery Market Size by Country
  6. 9.2.1 Asia-Pacific Waste Heat Recovery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 9.2.2 Asia-Pacific Waste Heat Recovery Market Size by Country (2021-2026)
  8. 9.2.3 Asia-Pacific Waste Heat Recovery Market Size Forecast by Country (2027-2032)
10 South America by Country
  1. 10.1 South America Waste Heat Recovery Sales by Country
  2. 10.1.1 South America Waste Heat Recovery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 10.1.2 South America Waste Heat Recovery Sales by Country (2021-2026)
  4. 10.1.3 South America Waste Heat Recovery Sales Forecast by Country (2027-2032)
  5. 10.2 South America Waste Heat Recovery Market Size by Country
  6. 10.2.1 South America Waste Heat Recovery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 10.2.2 South America Waste Heat Recovery Market Size by Country (2021-2026)
  8. 10.2.3 South America Waste Heat Recovery Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
  1. 11.1 Middle East and Africa Waste Heat Recovery Sales by Country
  2. 11.1.1 Middle East and Africa Waste Heat Recovery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 11.1.2 Middle East and Africa Waste Heat Recovery Sales by Country (2021-2026)
  4. 11.1.3 Middle East and Africa Waste Heat Recovery Sales Forecast by Country (2027-2032)
  5. 11.2 Middle East and Africa Waste Heat Recovery Market Size by Country
  6. 11.2.1 Middle East and Africa Waste Heat Recovery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 11.2.2 Middle East and Africa Waste Heat Recovery Market Size by Country (2021-2026)
  8. 11.2.3 Middle East and Africa Waste Heat Recovery Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
  1. 12.1 Waste Heat Recovery Value Chain Analysis
  2. 12.1.1 Waste Heat Recovery Key Raw Materials
  3. 12.1.2 Key Raw Materials Price
  4. 12.1.3 Raw Materials Key Suppliers
  5. 12.1.4 Manufacturing Cost Structure
  6. 12.1.5 Waste Heat Recovery Production Mode & Process
  7. 12.2 Waste Heat Recovery Sales Channels Analysis
  8. 12.2.1 Direct Comparison with Distribution Share
  9. 12.2.2 Waste Heat Recovery Distributors
  10. 12.2.3 Waste Heat Recovery Customers
13 Concluding Insights
    14 Appendix
    1. 14.1 Reasons for Doing This Study
    2. 14.2 Research Methodology
    3. 14.3 Research Process
    4. 14.4 Authors List of This Report
    5. 14.5 Data Source
    6. 14.5.1 Secondary Sources
    7. 14.5.2 Primary Sources
    8. 14.6 Disclaimer

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