Waste Heat Recovery System Market Report 2021 Status and Outlook, Industry Analysis, Growth Factor 2030

Waste Heat Recovery System Market size was valued at USD 70.83 Bn. in 2023 and the total Waste Heat Recovery System revenue is expected to grow by 7% from 2024 to 2030, reaching nearly USD 113.8 Bn. Waste Heat Recovery System Market Overview: The Waste Heat Recovery System harnesses energy from sources like flue gases, diesel generators, and cooling tower steam. Widely recognized for its cost-effective approach in boosting overall plant efficiency, it finds application in combustion and load preheating, steam and power generation, space and water heating. Industrial processes, including glass furnaces, incinerators, and engines, generate waste heat. Anticipated advancements in R&D and heat recovery technologies are set to drive growth in the Waste Heat Recovery System market. Innovations amplify heat recovery, enhance user applications, and enhance economic viability. Environmental concerns surrounding carbon emissions and fossil fuel depletion fuel this market's growth.