COVID-19 Impacts: Waste Heat Recovery Market Will Accelerate at a CAGR of over 4% through 2020-2024|Increasing Focus on Reducing Carbon Footprint to Boost Growth| Technavio
Technavio has been monitoring the waste heat recovery market and it is poised to grow by USD 11.31 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
What was the value of the waste heat recovery market in 2019?
Technavio says that the value of the market was at USD 49.06 billion in 2019 and it is projected to reach USD 60.37 billion by 2024.
At what rate is the market projected to grow in the forecast period 2020-2024?
Growing at a CAGR of over 4%, the market growth will accelerate in the forecast period of 2020-2024.
What is the key factor driving the market?
Increasing focus on reducing carbon footprint and the emergence of advanced technologies for waste heat recovery are the key factors driving the market growth.
Who are the top players in the market?
ABB Ltd., Alfa Laval AB, Clean Energy Technologies Inc., GEA Group Aktiengesellschaft, General Electric Co., John Wood Group Plc, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Siemens AG, and Thermax Ltd. are some of the major market participants.
Which region is expected to hold the highest market share?
North America
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 1.67%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Alfa Laval AB, Clean Energy Technologies Inc., GEA Group Aktiengesellschaft, General Electric Co., John Wood Group Plc, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Siemens AG, and Thermax Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing focus on reducing carbon footprint has been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our waste heat recovery market report covers the following areas:
Waste Heat Recovery Market size
Waste Heat Recovery Market trends
Waste Heat Recovery Market analysis
This study identifies the emergence of advanced technologies for waste heat recovery as one of the prime reasons driving the waste heat recovery market growth during the next few years.
We provide a detailed analysis of vendors operating in the waste heat recovery market, including some of the vendors such as ABB Ltd., Alfa Laval AB, Clean Energy Technologies Inc., GEA Group Aktiengesellschaft, General Electric Co., John Wood Group Plc, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Siemens AG, and Thermax Ltd. Backed with competitive intelligence and benchmarking, our research reports on the waste heat recovery market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist waste heat recovery market growth during the next five years
Estimation of the waste heat recovery market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the waste heat recovery market
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
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by End-user
Market segments
Comparison by End-user
Chemical - Market size and forecast 2019-2024
Petroleum refining - Market size and forecast 2019-2024
Paper - Market size and forecast 2019-2024
Commercial and institutional - Market size and forecast 2019-2024
Food and beverages - Market size and forecast 2019-2024
Metal - Market size and forecast 2019-2024
Other end-users - Market size and forecast 2019-2024
Market opportunity by End-user
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market Drivers ? Demand led growth
Market Challenges
Market Trends
Vendor Landscape
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
ABB Ltd.
Alfa Laval AB
Clean Energy Technologies Inc.
GEA Group Aktiengesellschaft
General Electric Co.
John Wood Group Plc
Mitsubishi Heavy Industries Ltd.
Robert Bosch GmbH
Siemens AG
Thermax Ltd.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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