Waste Heat Recovery Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022 Pages: 151 SKU: IRTNTR43512

The waste heat recovery market share is expected to increase by USD 24.30 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.54%.

This waste heat recovery market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers waste heat recovery market segmentation by end-user (chemical, petroleum refining, paper, commercial and institutional, and others) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The waste heat recovery market report also offers information on several market vendors, including ABB Ltd., Alfa Laval Corporate AB, ALSTOM SA, Cannon Spa, Clean Energy Technologies Inc., Econotherm Ltd, Forbes Marshall Pvt. Ltd, GEA Group Aktiengesellschaft, General Electric Co, John Wood Group PLC, KNM Group Berhad, Mitsubishi Heavy Industries Ltd., Muhibbah Engineering (M) Bhd, Ormat Technologies Inc., Promec Engineering Ltd., Questor Technology Inc., Robert Bosch GmbH, Siemens AG, Thermax Ltd, and Transparent Energy Systems Pvt. Ltd. among others.

What will the Waste Heat Recovery Market Size be During the Forecast Period?

Download Report Sample to Unlock the Waste Heat Recovery Market Size for the Forecast Period and Other Important Statistics

 

Waste Heat Recovery Market: Key Drivers, Trends, and Challenges

The rise in industrialization in BRICS is notably driving the waste heat recovery market growth, although factors such as concerns related to fouling in waste heat recovery systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the waste heat recovery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Waste Heat Recovery Market Driver

The rise in industrialization in BRICS is one of the key drivers supporting the waste heat recovery market growth. The investors are targeting developing countries to increase their market share and treat these countries as their manufacturing hubs. BRICS and other developing countries are the new mining hubs because of the presence of abundant natural mineral resources. Easy availability of low-cost labor, cheaper raw materials, and favorable regulations are attracting mining companies to developing nations. China is one of the major countries, with the manufacturing sector accounting for a significant share. Such an increase in manufacturing plants is expected to fuel the demand for waste heat recovery systems.

Key Waste Heat Recovery Market Trend

The emergence of direct waste heat recovery using thermoelectric materials is one of the key waste heat recovery market trends contributing to the market growth. Effective waste heat recovery is one of the major challenges faced by the power engineering sector. This has resulted in a rise in the demand for alternative options, such as using thermoelectric materials for efficient waste heat recovery. Thermoelectric materials are materials that can convert heat energy into electrical energy based on the Seebeck and Peltier effects. They have high compression strength, and they will not break into pieces when put under pressure. Some of the thermoelectric materials used for waste heat recovery are skutterudite, clathrate, and silicides. Thus, the use of thermoelectric materials for direct waste heat recovery is likely to augment the growth of the market during the forecast period.

Key Waste Heat Recovery Market Challenge

Concerns related to fouling in waste heat recovery systems are one of the factors impeding the waste heat recovery market growth. Fouling is the deposition or accumulation of unwanted materials on the equipment surfaces. Moreover, moisture and solid contaminants can affect the performance and reliability of the system due to the buildup of solids on heat transfer surfaces and the plugging of gas passages. This, in turn, reduces heat transfer, and the system must be shut down for cleaning. The fouling of the heat exchanger also results in the deterioration of end-product quality because the process fluid cannot be heated up to the required temperature. This increases the production and operational costs of manufacturing companies. The costs related to fouling include additional energy consumption of equipment and lost productivity. Such issues related to fouling in waste heat recovery systems may reduce the overall profitability of end-users during the forecast period.

This waste heat recovery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global waste heat recovery market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the waste heat recovery market during the forecast period.

Who are the Major Waste Heat Recovery Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Alfa Laval Corporate AB
  • ALSTOM SA
  • Cannon Spa
  • Clean Energy Technologies Inc.
  • Econotherm Ltd
  • Forbes Marshall Pvt. Ltd
  • GEA Group Aktiengesellschaft
  • General Electric Co
  • John Wood Group PLC
  • KNM Group Berhad
  • Mitsubishi Heavy Industries Ltd.
  • Muhibbah Engineering (M) Bhd
  • Ormat Technologies Inc.
  • Promec Engineering Ltd.
  • Questor Technology Inc.
  • Robert Bosch GmbH
  • Siemens AG
  • Thermax Ltd
  • Transparent Energy Systems Pvt. Ltd.

 

This statistical study of the waste heat recovery market encompasses successful business strategies deployed by the key vendors. The waste heat recovery market is fragmented and the vendors are deploying growth strategies such as focusing on M&A to compete in the market.

Product Insights and News

  • ABB Ltd. - Through the electrification segment, the company offers electrification and building management solutions, products, and services for utilities, industry, transport, and infrastructure.
  • ABB Ltd. - The company offers Waste Heat Recovery for large vessels with the main propulsion machinery with a mechanical output of over 20MW without much CO2 exposure.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The waste heat recovery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Waste Heat Recovery Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the waste heat recovery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Waste Heat Recovery Market?

For more insights on the market share of various regions Request PDF Sample now!

32% of the market’s growth will originate from North America during the forecast period. The US is the key market for waste heat recovery market in North America. Market growth in this region will be slower than the growth of the market in Europe and South America.

The increasing measures toward energy conservation will facilitate the waste heat recovery market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The regional market witnessed certain challenges due to the outbreak of COVID-19 in 2020. However, with the lifting of lockdown owing to the initiation of vaccination drives in 2021, the energy demand increased with the resumption of the operations in these end-user industries, which increased the demand for waste heat recovery systems. Hence, with the rise in industrial operations and increasing preference for efficient use and conservation of energy, the market will grow during the forecast period.

What are the Revenue-generating End-user Segments in the Waste Heat Recovery Market?

To gain further insights on the market contribution of various segments Request a PDF Sample

The waste heat recovery market share growth by the chemical segment will be significant during the forecast period. The chemical industry includes the production of polymer, petrochemicals, agrochemicals, pharmaceuticals, fertilizers, and dyes, which generally involve high-temperature processes that release a large amount of waste heat. The inorganic and organic chemical production processes are energy-intensive and consume huge thermal and electrical energy. Thus, there is an increased need for waste heat recovery systems that help save energy and cost.

This report provides an accurate prediction of the contribution of all the segments to the growth of the waste heat recovery market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Waste Heat Recovery Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.54%

Market growth 2022-2026

$ 24.30 billion

Market structure

Fragmented

YoY growth (%)

6.72

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Alfa Laval Corporate AB, ALSTOM SA, Cannon Spa, Clean Energy Technologies Inc., Econotherm Ltd, Forbes Marshall Pvt. Ltd, GEA Group Aktiengesellschaft, General Electric Co, John Wood Group PLC, KNM Group Berhad, Mitsubishi Heavy Industries Ltd., Muhibbah Engineering (M) Bhd, Ormat Technologies Inc., Promec Engineering Ltd., Questor Technology Inc., Robert Bosch GmbH, Siemens AG, Thermax Ltd, and Transparent Energy Systems Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Waste Heat Recovery Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive waste heat recovery market growth during the next five years
  • Precise estimation of the waste heat recovery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the waste heat recovery industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of waste heat recovery market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Chemical - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Chemical - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Chemical - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Chemical - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Chemical - Year-over-year growth 2021-2026 (%)
    • 5.4 Petroleum refining - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Petroleum refining - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Petroleum refining - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Petroleum refining - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Petroleum refining - Year-over-year growth 2021-2026 (%)
    • 5.5 Paper - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Paper - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Paper - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Paper - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Paper - Year-over-year growth 2021-2026 (%)
    • 5.6 Commercial and institutional - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Commercial and institutional - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Commercial and institutional - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Commercial and institutional - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Commercial and institutional - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 48: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 South Korea - Market size and forecast 2021-2026
      • Exhibit 90: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 101: ABB Ltd. - Overview
              • Exhibit 102: ABB Ltd. - Business segments
              • Exhibit 103: ABB Ltd. - Key offerings
              • Exhibit 104: ABB Ltd. - Segment focus
            • 10.4 Alfa Laval Corporate AB
              • Exhibit 105: Alfa Laval Corporate AB - Overview
              • Exhibit 106: Alfa Laval Corporate AB - Business segments
              • Exhibit 107: Alfa Laval Corporate AB - Key news
              • Exhibit 108: Alfa Laval Corporate AB - Key offerings
              • Exhibit 109: Alfa Laval Corporate AB - Segment focus
            • 10.5 Clean Energy Technologies Inc.
              • Exhibit 110: Clean Energy Technologies Inc. - Overview
              • Exhibit 111: Clean Energy Technologies Inc. - Business segments
              • Exhibit 112: Clean Energy Technologies Inc. - Key offerings
              • Exhibit 113: Clean Energy Technologies Inc. - Segment focus
            • 10.6 GEA Group Aktiengesellschaft
              • Exhibit 114: GEA Group Aktiengesellschaft - Overview
              • Exhibit 115: GEA Group Aktiengesellschaft - Business segments
              • Exhibit 116: GEA Group Aktiengesellschaft - Key news
              • Exhibit 117: GEA Group Aktiengesellschaft - Key offerings
              • Exhibit 118: GEA Group Aktiengesellschaft - Segment focus
            • 10.7 General Electric Co
              • Exhibit 119: General Electric Co - Overview
              • Exhibit 120: General Electric Co - Business segments
              • Exhibit 121: General Electric Co - Key news
              • Exhibit 122: General Electric Co - Key offerings
              • Exhibit 123: General Electric Co - Segment focus
            • 10.8 John Wood Group PLC
              • Exhibit 124: John Wood Group PLC - Overview
              • Exhibit 125: John Wood Group PLC - Business segments
              • Exhibit 126: John Wood Group PLC - Key offerings
              • Exhibit 127: John Wood Group PLC - Segment focus
            • 10.9 Mitsubishi Heavy Industries Ltd.
              • Exhibit 128: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 129: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 130: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 131: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 132: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 10.10 Robert Bosch GmbH
              • Exhibit 133: Robert Bosch GmbH - Overview
              • Exhibit 134: Robert Bosch GmbH - Business segments
              • Exhibit 135: Robert Bosch GmbH - Key news
              • Exhibit 136: Robert Bosch GmbH - Key offerings
              • Exhibit 137: Robert Bosch GmbH - Segment focus
            • 10.11 Siemens AG
              • Exhibit 138: Siemens AG - Overview
              • Exhibit 139: Siemens AG - Business segments
              • Exhibit 140: Siemens AG - Key news
              • Exhibit 141: Siemens AG - Key offerings
              • Exhibit 142: Siemens AG - Segment focus
            • 10.12 Thermax Ltd
              • Exhibit 143: Thermax Ltd - Overview
              • Exhibit 144: Thermax Ltd - Business segments
              • Exhibit 145: Thermax Ltd - Key news
              • Exhibit 146: Thermax Ltd - Key offerings
              • Exhibit 147: Thermax Ltd - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 148: Inclusions checklist
                • Exhibit 149: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 150: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 151: Research methodology
                • Exhibit 152: Validation techniques employed for market sizing
                • Exhibit 153: Information sources
              • 11.5 List of abbreviations
                • Exhibit 154: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              waste heat recovery market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis