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Oil and Gas Waste Heat Recovery-Global Market Insights and Sales Trends 2025
Synopsis
Waste heat recovery is an energy exchange recovery process wherein the heat energy from the exhaust is recovered and used in other industrial processes. The processes include power generation, heat pipe exchanger, regenerators and other applications in different industries. As per estimation 20%-50% of industrial energy usage is eventually released as waste heat.
The global Oil and Gas Waste Heat Recovery market size is expected to reach US$ 13190 million by 2029, growing at a CAGR of 5.2% from 2023 to 2029. The market is mainly driven by the significant applications of Oil and Gas Waste Heat Recovery in various end use industries. The expanding demands from the Thermal and Electricity Power Generation, are propelling Oil and Gas Waste Heat Recovery market. Heat Exchangers, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Boilers segment is estimated at % CAGR for the next seven-year period.
The waste heat sources include hot combustion gases from exhaust and heat transfer from hot equipment exteriors. The waste heat recovery unit is a heat exchanger where the heat is recovered from hot streams with high energy content. The commonly used waste heat recovery equipment are HRSGs, industrial heating boilers, and turbines.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Oil and Gas Waste Heat Recovery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Oil and Gas Waste Heat Recovery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Oil and Gas Waste Heat Recovery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Oil and Gas Waste Heat Recovery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Oil and Gas Waste Heat Recovery covered in this report include ABB, Ormat Technologies, General Electric Company, China Energy Recovery, Bono Energia, HRS, Harbin Electric Company, Dongfang Electric and Amec Foster Wheeler, etc.
The global Oil and Gas Waste Heat Recovery market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Ormat Technologies
General Electric Company
China Energy Recovery
Bono Energia
HRS
Harbin Electric Company
Dongfang Electric
Amec Foster Wheeler
Siemens
Mitsubishi Heavy Industries
Echogen Power Systems
Econotherm
Thermax Limited
Cool Energy
Global Oil and Gas Waste Heat Recovery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Oil and Gas Waste Heat Recovery market, Segment by Type:
Heat Exchangers
Boilers
Heat Recovery Steam Generators
Turbines
Tanks
Global Oil and Gas Waste Heat Recovery market, by Application
Thermal
Electricity Power Generation
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Oil and Gas Waste Heat Recovery companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Waste heat recovery is an energy exchange recovery process wherein the heat energy from the exhaust is recovered and used in other industrial processes. The processes include power generation, heat pipe exchanger, regenerators and other applications in different industries. As per estimation 20%-50% of industrial energy usage is eventually released as waste heat.
The global Oil and Gas Waste Heat Recovery market size is expected to reach US$ 13190 million by 2029, growing at a CAGR of 5.2% from 2023 to 2029. The market is mainly driven by the significant applications of Oil and Gas Waste Heat Recovery in various end use industries. The expanding demands from the Thermal and Electricity Power Generation, are propelling Oil and Gas Waste Heat Recovery market. Heat Exchangers, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Boilers segment is estimated at % CAGR for the next seven-year period.
The waste heat sources include hot combustion gases from exhaust and heat transfer from hot equipment exteriors. The waste heat recovery unit is a heat exchanger where the heat is recovered from hot streams with high energy content. The commonly used waste heat recovery equipment are HRSGs, industrial heating boilers, and turbines.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Oil and Gas Waste Heat Recovery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Oil and Gas Waste Heat Recovery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Oil and Gas Waste Heat Recovery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Oil and Gas Waste Heat Recovery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Oil and Gas Waste Heat Recovery covered in this report include ABB, Ormat Technologies, General Electric Company, China Energy Recovery, Bono Energia, HRS, Harbin Electric Company, Dongfang Electric and Amec Foster Wheeler, etc.
The global Oil and Gas Waste Heat Recovery market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Ormat Technologies
General Electric Company
China Energy Recovery
Bono Energia
HRS
Harbin Electric Company
Dongfang Electric
Amec Foster Wheeler
Siemens
Mitsubishi Heavy Industries
Echogen Power Systems
Econotherm
Thermax Limited
Cool Energy
Global Oil and Gas Waste Heat Recovery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Oil and Gas Waste Heat Recovery market, Segment by Type:
Heat Exchangers
Boilers
Heat Recovery Steam Generators
Turbines
Tanks
Global Oil and Gas Waste Heat Recovery market, by Application
Thermal
Electricity Power Generation
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Oil and Gas Waste Heat Recovery companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Oil and Gas Waste Heat Recovery
1.1 Oil and Gas Waste Heat Recovery Market Overview
1.1.1 Oil and Gas Waste Heat Recovery Product Scope
1.1.2 Oil and Gas Waste Heat Recovery Market Status and Outlook
1.2 Global Oil and Gas Waste Heat Recovery Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Oil and Gas Waste Heat Recovery Market Size by Region (2018-2029)
1.4 Global Oil and Gas Waste Heat Recovery Historic Market Size by Region (2018-2023)
1.5 Global Oil and Gas Waste Heat Recovery Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Oil and Gas Waste Heat Recovery Market Size (2018-2029)
1.6.1 North America Oil and Gas Waste Heat Recovery Market Size (2018-2029)
1.6.2 Europe Oil and Gas Waste Heat Recovery Market Size (2018-2029)
1.6.3 Asia-Pacific Oil and Gas Waste Heat Recovery Market Size (2018-2029)
1.6.4 Latin America Oil and Gas Waste Heat Recovery Market Size (2018-2029)
1.6.5 Middle East & Africa Oil and Gas Waste Heat Recovery Market Size (2018-2029)
2 Oil and Gas Waste Heat Recovery Market by Type
2.1 Introduction
2.1.1 Heat Exchangers
2.1.2 Boilers
2.1.3 Heat Recovery Steam Generators
2.1.4 Turbines
2.1.5 Tanks
2.2 Global Oil and Gas Waste Heat Recovery Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Oil and Gas Waste Heat Recovery Historic Market Size by Type (2018-2023)
2.2.2 Global Oil and Gas Waste Heat Recovery Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Oil and Gas Waste Heat Recovery Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Oil and Gas Waste Heat Recovery Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Oil and Gas Waste Heat Recovery Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Oil and Gas Waste Heat Recovery Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Oil and Gas Waste Heat Recovery Revenue Breakdown by Type (2018-2029)
3 Oil and Gas Waste Heat Recovery Market Overview by Application
3.1 Introduction
3.1.1 Thermal
3.1.2 Electricity Power Generation
3.2 Global Oil and Gas Waste Heat Recovery Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Oil and Gas Waste Heat Recovery Historic Market Size by Application (2018-2023)
3.2.2 Global Oil and Gas Waste Heat Recovery Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Oil and Gas Waste Heat Recovery Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Oil and Gas Waste Heat Recovery Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Oil and Gas Waste Heat Recovery Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Oil and Gas Waste Heat Recovery Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Oil and Gas Waste Heat Recovery Revenue Breakdown by Application (2018-2029)
4 Oil and Gas Waste Heat Recovery Competition Analysis by Players
4.1 Global Oil and Gas Waste Heat Recovery Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Oil and Gas Waste Heat Recovery as of 2022)
4.3 Date of Key Players Enter into Oil and Gas Waste Heat Recovery Market
4.4 Global Top Players Oil and Gas Waste Heat Recovery Headquarters and Area Served
4.5 Key Players Oil and Gas Waste Heat Recovery Product Solution and Service
4.6 Competitive Status
4.6.1 Oil and Gas Waste Heat Recovery Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ABB
5.1.1 ABB Profile
5.1.2 ABB Main Business
5.1.3 ABB Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.1.4 ABB Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 Ormat Technologies
5.2.1 Ormat Technologies Profile
5.2.2 Ormat Technologies Main Business
5.2.3 Ormat Technologies Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.2.4 Ormat Technologies Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.2.5 Ormat Technologies Recent Developments
5.3 General Electric Company
5.3.1 General Electric Company Profile
5.3.2 General Electric Company Main Business
5.3.3 General Electric Company Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.3.4 General Electric Company Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.3.5 China Energy Recovery Recent Developments
5.4 China Energy Recovery
5.4.1 China Energy Recovery Profile
5.4.2 China Energy Recovery Main Business
5.4.3 China Energy Recovery Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.4.4 China Energy Recovery Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.4.5 China Energy Recovery Recent Developments
5.5 Bono Energia
5.5.1 Bono Energia Profile
5.5.2 Bono Energia Main Business
5.5.3 Bono Energia Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.5.4 Bono Energia Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.5.5 Bono Energia Recent Developments
5.6 HRS
5.6.1 HRS Profile
5.6.2 HRS Main Business
5.6.3 HRS Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.6.4 HRS Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.6.5 HRS Recent Developments
5.7 Harbin Electric Company
5.7.1 Harbin Electric Company Profile
5.7.2 Harbin Electric Company Main Business
5.7.3 Harbin Electric Company Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.7.4 Harbin Electric Company Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.7.5 Harbin Electric Company Recent Developments
5.8 Dongfang Electric
5.8.1 Dongfang Electric Profile
5.8.2 Dongfang Electric Main Business
5.8.3 Dongfang Electric Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.8.4 Dongfang Electric Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.8.5 Dongfang Electric Recent Developments
5.9 Amec Foster Wheeler
5.9.1 Amec Foster Wheeler Profile
5.9.2 Amec Foster Wheeler Main Business
5.9.3 Amec Foster Wheeler Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.9.4 Amec Foster Wheeler Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.9.5 Amec Foster Wheeler Recent Developments
5.10 Siemens
5.10.1 Siemens Profile
5.10.2 Siemens Main Business
5.10.3 Siemens Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.10.4 Siemens Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.10.5 Siemens Recent Developments
5.11 Mitsubishi Heavy Industries
5.11.1 Mitsubishi Heavy Industries Profile
5.11.2 Mitsubishi Heavy Industries Main Business
5.11.3 Mitsubishi Heavy Industries Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.11.4 Mitsubishi Heavy Industries Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.11.5 Mitsubishi Heavy Industries Recent Developments
5.12 Echogen Power Systems
5.12.1 Echogen Power Systems Profile
5.12.2 Echogen Power Systems Main Business
5.12.3 Echogen Power Systems Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.12.4 Echogen Power Systems Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.12.5 Echogen Power Systems Recent Developments
5.13 Econotherm
5.13.1 Econotherm Profile
5.13.2 Econotherm Main Business
5.13.3 Econotherm Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.13.4 Econotherm Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.13.5 Econotherm Recent Developments
5.14 Thermax Limited
5.14.1 Thermax Limited Profile
5.14.2 Thermax Limited Main Business
5.14.3 Thermax Limited Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.14.4 Thermax Limited Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.14.5 Thermax Limited Recent Developments
5.15 Cool Energy
5.15.1 Cool Energy Profile
5.15.2 Cool Energy Main Business
5.15.3 Cool Energy Oil and Gas Waste Heat Recovery Products, Services and Solutions
5.15.4 Cool Energy Oil and Gas Waste Heat Recovery Revenue (US$ Million) & (2018-2023)
5.15.5 Cool Energy Recent Developments
6 North America
6.1 North America Oil and Gas Waste Heat Recovery Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Oil and Gas Waste Heat Recovery Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Oil and Gas Waste Heat Recovery Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Oil and Gas Waste Heat Recovery Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Oil and Gas Waste Heat Recovery Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Oil and Gas Waste Heat Recovery Market Dynamics
11.1 Oil and Gas Waste Heat Recovery Industry Trends
11.2 Oil and Gas Waste Heat Recovery Market Drivers
11.3 Oil and Gas Waste Heat Recovery Market Challenges
11.4 Oil and Gas Waste Heat Recovery Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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