Two power generators were installed in the Marshalls Energy Company by the Clean Energy Technologies Inc., in May 2019. These power generators will generate power from the heat source by the unique system installed in them which makes them trap the waste heat from various sources and converts it into electricity. Such innovations are likely to bode well for the global waste heat recovery systems market, predicts Fortune Business Insights in their new report.
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As per Fortune Business Insights, the report highlights some of the major shareholders in the waste heat recovery systems market. These companies are mentioned below:
- Cummins Africa
- Kawasaki Heavy Industries Ltd
- Amec Foster Wheeler plc
- ABB Ltd
- Ecogen Power Systems LLC
- Gulf Coast Environmental Systems
- Bosal Nederland B.V
- Forbes Marshall,
- Bosch Industriekessel GmbH,
- Toshiba Mitsubishi-Electric Industrial Systems Corporation
- Exodraft Ltd.
- Larsen and Toubro Limited
- Sigma Thermal Inc.
- Somas Instrument AB
- General Electric Company
- Matthews Environmental Solutions
- BORSIG Process Waste heat recovery systems GmbH
- Thermax Limited
- Tenneco Inc.
- Turboden S.p.A
- Alfa Laval AB
- Siemens AG
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Key Market Driver – Energy and cost savings
Key Market Restraint – Low quality of recovered waste heat
Rising Demand for Diesel for Commercial Purposes to Promote Market Growth
Waste heat recovery systems usually trap the heat from the processed waste output. The heat that is trapped is used for preheating different utilities such as water or air that helps to reduce the heating cost and energy process. This is anticipated to boost the global market for waste heat recovery systems in the forecast period. Additionally, the rise in strict rules imposed on off-road and on-road vehicles is also anticipated to promote the growth of the global waste heat recovery systems market in the forecast period.
Moreover, the increasing demand for diesel fuel especially for commercial purposes is projected to help the market gain momentum in the coming years.
However, the gradual shift towards vehicles running on electricity may add to the environmental benefit but hamper the market for the waste heat recovery system market in the future. Nevertheless, the rapid adoption of turbocharger and EGR in gasoline vehicles are anticipated to create lucrative growth opportunities for the market in the forecast period.
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Major Table of Content For Waste Heat Recovery Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Waste Heat Recovery Market Analysis, Insights and Forecast, 2026
- North America Waste Heat Recovery Market Analysis, Insights and Forecast, 2026
- Europe Waste Heat Recovery Market Analysis, Insights and Forecast, 2026
- Asia Pacific Waste Heat Recovery Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Waste Heat Recovery Market Analysis, Insights and Forecast, 2026
- Latin America Waste Heat Recovery Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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