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UK waste heat recovery system market share is predicted to grow over 7% by 2025. Long term benefits of decarbonization and increasing focus toward sustainable development have increased demand for waste heat recovery system. Ongoing policies and initiatives toward the adoption of energy efficient systems will further stimulate the industry growth.
Waste heat recovery system market is predicted to reach over USD 80 billion by 2025. Escalating demand for energy efficiency across manufacturing sector along with robust industrial sector growth will stimulate the business growth. Shifting regulatory landscape toward emission control along with stringent emission standards will fuel the adoption of heat recovery systems. Moreover, reduced operational cost along with the transition toward renewable energy sources will contribute toward industry expansion.
Asia-Pacific waste heat recovery system market is set to reach over USD 30 Billion by 2025. Government policies and legislations aimed at reducing carbon footprint coupled with focus toward expansion of industrial centers will stimulate the industry growth. As of 2018, the region accounted for over 50% of the manufacturing value added on account of rise in FDI inflows toward the manufacturing sector on a global scale. Government plans with an objective to achieve sustainable development along with the rising focus toward harmful impact of emissions on environment will boost product adoption across key industries.
Significant players operating across the waste heat recovery systems market include AC Boilers, Aura GmbH, AMEC Foster Wheeler, Bosch Thermotechnology, D?rr Group, General Electric, Forbes Marshall, Rentech Boiler Systems, Ormat Technologies, Exery SPA, Thermax, Viessman, Climeon AB, Boustead International, IHI Corporation, Cochran, Mitsubishi Hitachi Power Systems, Promec Engineering, HRS, Walchandnagar and Siemens.