Global Waste Heat Recovery Market Size, Share, Development and Demand Forecast to 2022 By P&S Market Research Reports

The massive unexplored waste heat recovery market across the globe has created abundant opportunities for the major players to exploit its potential. Although, there has been significant development in the developed economies of European Union and the U.S., the waste heat recovery market is still at its nascent form especially in the developing countries of Asia-Pacific, Latin America, and Africa. A high growth in the end-user industries has been witnessed in the developing countries of these regions, which is responsible for providing immense growth opportunities for the waste heat recovery market in these regions. Moreover, the increasing government initiatives and tax benefits are expected to attract major players to invest in the development of efficient waste heat management systems.

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The petroleum refining segment held the largest share among the various end-users in the global waste heat recovery market in 2015, and it is also expected to retain its dominance during the forecast period.

The global waste heat recovery market is expected to grow at a CAGR of 6.8% during 2016-2022. The major factors driving the growth of the global market include increased government initiatives and stringent regulations, increasing energy and electricity cost, and technological advancements and increasing investment by large scale industries for the installation and development of waste heat recovery systems. The different governments across the globe have initiated several projects and schemes to promote and encourage the conservation and efficient utilization of energy lost in industrial sectors.

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During 2012-2015, Europe held the largest share in the global waste heat recovery market. The European market is growing, due to early introduction of waste heat recovery technology and environmental policies regarding curbing the industrial harmful emissions. Moreover, the government initiatives are driving the growth of the European market. The European companies are investing huge capital for research and development in the waste heat recovery system sector, which is again fueling the growth of the waste heat recovery market in the region.

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Chapter 1. Research Scope & Methodology
1.1 Market Definition
1.2 Market Scope
1.2.1 Market breakdown by application
1.2.2 Market breakdown by end-user

Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
Chapter 3. Market Outlook
3.1 Introduction
3.2 Opportunities in the Global Waste Heat Recovery Market
3.2.1 Massive unexplored waste heat recovery market across the globe

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