The Waste Heat Recovery System Market size was valued at USD 56.1 billion in 2022 and is expected to grow to USD 116.80 billion by 2030 and grow at a CAGR of 9.6% over the forecast period of 2023-2030.
A waste heat recovery system is a technology that captures and reuses the heat generated by industrial processes, which would otherwise be lost. This system is designed to improve energy efficiency and reduce greenhouse gas emissions, making it an essential component of sustainable manufacturing practices. By utilizing waste heat recovery systems, industries can significantly reduce their energy consumption and operating costs. This technology can be applied to a wide range of industrial processes, including power generation, cement production, and chemical manufacturing.
The waste heat recovery system works by capturing the heat generated during the industrial process and transferring it to a heat exchanger. The heat exchanger then transfers the heat to a fluid, such as water or air, which can be used for other purposes, such as heating or cooling. In addition to reducing energy consumption and operating costs, waste heat recovery systems also have environmental benefits. By reusing waste heat, these systems reduce the amount of energy needed to produce the same amount of output, which in turn reduces greenhouse gas emissions.
Drivers
Increasing concern about carbon gas emission
Stringent regulation imposed by the government to protect the environment
The growing concern over carbon gas emissions and the implementation of strict environmental regulations by governments have become the driving forces behind the adoption of Waste Heat Recovery Systems. As the world becomes more aware of the negative impact of carbon emissions on the environment, there is a growing need to find ways to reduce these emissions. Waste Heat Recovery Systems offer a solution by capturing and utilizing the heat generated by industrial processes that would otherwise be wasted. This not only reduces carbon emissions but also helps to improve energy efficiency and reduce operating costs. Furthermore, governments around the world are implementing stringent regulations to protect the environment. These regulations often require companies to reduce their carbon footprint and adopt more sustainable practices. Waste Heat Recovery Systems can help companies meet these regulations while also providing a competitive advantage by reducing energy costs and improving overall efficiency.
Increasing demand from the energy-intensive industries
Need for waste heat recovery system in power and steam generation
Increasing electricity prices associated with the rising use of energy
Restrain
High initial investment associated with the waste heat recovery system
Availability of alternative cost-effective solutions for heat recovery system
Opportunities
Growing investment by the government in the waste heat recovery system
Challenges
During recovery quality of energy will get affected which creates a challenge for the waste heat recovery system
Lack of awareness about this technology in developing and underdeveloped regions
The COVID-19 pandemic significantly impacted the Waste Heat Recovery System Market. The pandemic causes an economic slowdown which further decreases the demand for the waste heat recovery system market. The restrictions on travel and transportation have also affected the supply chain, leading to delays in the delivery of components and equipment. However, the pandemic has also created opportunities for the Waste Heat Recovery System Market. The need for energy-efficient solutions has increased as companies look for ways to reduce their operating costs. Waste heat recovery systems offer a sustainable solution that can help companies save money and reduce their carbon footprint.
The Russia-Ukraine war impacted various industries, including the waste heat recovery system market. The war has disrupted the supply chain of waste heat recovery systems, causing delays in production and delivery. This has resulted in a shortage of these systems, leading to an increase in their prices. The detailed analysis is included in the final report.
Impact of Recession:
The global economy has been hit hard by the recent recession, and the waste heat recovery system market is no exception. This market has experienced a significant decline in demand due to the economic downturn, which has resulted in a decrease in investment and a slowdown in the energy industry. The waste heat recovery system market is a crucial component of the energy industry, as it provides a means of capturing and utilizing waste heat generated by industrial processes. The decline in demand has led to a decrease in investment, which has resulted in a slowdown in the development and implementation of this technology.
By Phase:
Liquid-liquid Phase System
Liquid-gas Phase System
Thermal Regeneration
By End-use Industry:
Petroleum Refinery
Power
Cement
Chemical
Metal Production & Casting
Pulp & Paper
Other
By Application:
Pre-Heating
Power & Steam Generation
Others
.png)
The waste heat recovery system market in Europe is currently dominating the industry, with a market share of approximately 28% in 2022. This trend is expected to continue throughout the forecast period, as the European Union has taken a proactive approach to producing energy from waste heat. This has led to increased awareness and adoption of waste heat recovery systems throughout the region. Germany is a major contributor to the growth of the European waste heat recovery system market, as the government has taken significant steps to reduce carbon gas emissions. The negative impact of greenhouse gases on the environment is well-known, and waste heat recovery systems are helping to mitigate these effects. As a result, the market for waste heat recovery systems in Europe is expected to continue to grow in the coming years.
During the forecast period, the Asia-Pacific region is projected to experience the highest compound annual growth rate (CAGR). This growth can be attributed to the booming construction industry and rapid urbanization, which are driving the demand for waste heat recovery systems in the region. As countries like India, China, and Japan experience a surge in population and urbanization, the demand for energy is also increasing. To address this demand, increase efficiency, and reduce energy costs, there is a growing need for effective solutions such as waste heat recovery systems.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are Siemens AG, Mitsubishi Heavy Industries, Ltd., General Electric, ABB, Boustead International Heaters, Forbes Marshall, Promec Engineering, Terrapin, Wood Plc (Amec Foster Wheeler), Climeon, Bosch Industries, Kessel GmbH, AURA GmbH & Co, Exergy S.p.A., IHI Corporation., and other key players will be included in the final report.
Siemens Energy has made a partnership with TC Energy Corporation in 2021 to construct a waste heat-to-power facility in Canada. This innovative pilot installation in Alberta captures waste heat from a gas-fired turbine at a pipeline compression station and converts it into emissions-free power. The electricity generated fed back into the grid, resulting in a significant reduction of greenhouse gas emissions by an estimated 44,000 tons per year. This reduction is equivalent to taking more than 9,000 vehicles off the road, making it a significant step towards a greener future.
In 2022, Mitsubishi Heavy Industries made a significant advancement in energy technology with the development of an advanced Binary Power Generation System. This innovative system is based on Organic Rankine Cycle technology, commonly referred to as the WHR-ORC system. This system is primarily designed for waste heat recovery from sulfur-free fuel-burning engines, which are becoming increasingly popular in the transition to a low-carbon and decarbonized society. The WHR-ORC system includes three models that cover rated outputs ranging from 200kW to 700kW, making it suitable for a wide range of vessel types.
| Report Attributes | Details |
| Market Size in 2022 | US$ 56.1 Bn |
| Market Size by 2030 | US$ 116.80 Bn |
| CAGR | CAGR of 9.6 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Phase (Liquid-liquid Phase System, Liquid-gas Phase System, and Thermal Regeneration) • By End-use Industry (Petroleum Refinery, Power, Cement, Chemical, Metal Production & Casting, Pulp & Paper, and Other) • By Application (Pre-Heating, Power & Steam Generation, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Siemens AG, Mitsubishi Heavy Industries, Ltd., General Electric, ABB, Boustead International Heaters, Forbes Marshall, Promec Engineering, Terrapin, Wood Plc (Amec Foster Wheeler), Climeon, Bosch Industries, Kessel GmbH, AURA GmbH & Co, Exergy S.p.A., IHI Corporation., and other |
| Key Drivers | • Increasing concern about carbon gas emission • Stringent regulation imposed by the government to protect the environment |
| Market Opportunities | • Growing investment by the government in the waste heat recovery system |
The expected CAGR of the global Waste Heat Recovery System Market during the forecast period is 9.6%.
The market size of the Waste Heat Recovery System Market is USD 56.1 billion in 2022.
The major key players in the Waste Heat Recovery System Market are Siemens AG, Mitsubishi Heavy Industries, Ltd., General Electric, ABB, Boustead International Heaters, Forbes Marshall, Promec Engineering, Terrapin, Wood Plc (Amec Foster Wheeler), Climeon, Bosch Industries, Kessel GmbH, AURA GmbH & Co, Exergy S.p.A., IHI Corporation.
Europe region dominated the Waste Heat Recovery System Market.
Increasing concern about carbon gas emission, stringent regulation imposed by the government to protect the environment, increasing demand from the energy-intensive industries, need for waste heat recovery systems in power and steam generation, and increasing electricity prices associated with the rising use of energy are the driving factors of the Waste Heat Recovery System Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Waste Heat Recovery System Market Segmentation, By Phase
8.1 Liquid-liquid Phase System
8.2 Liquid-gas Phase System
8.3 Thermal Regeneration
9. Waste Heat Recovery System Market Segmentation, By End-use Industry
9.1 Petroleum Refinery
9.2 Power
9.3 Cement
9.4 Chemical
9.5 Metal Production & Casting
9.6 Pulp & Paper
9.7 Other
10. Waste Heat Recovery System Market Segmentation, By Application
10.1 Pre-Heating
10.2 Power & Steam Generation
10.3 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Waste Heat Recovery System Market by Country
11.2.2North America Waste Heat Recovery System Market by Phase
11.2.3 North America Waste Heat Recovery System Market by End-use Industry
11.2.4 North America Waste Heat Recovery System Market by Application
11.2.5 USA
11.2.5.1 USA Waste Heat Recovery System Market by Phase
11.2.5.2 USA Waste Heat Recovery System Market by End-use Industry
11.2.5.3 USA Waste Heat Recovery System Market by Application
11.2.6 Canada
11.2.6.1 Canada Waste Heat Recovery System Market by Phase
11.2.6.2 Canada Waste Heat Recovery System Market by End-use Industry
11.2.6.3 Canada Waste Heat Recovery System Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Waste Heat Recovery System Market by Phase
11.2.7.2 Mexico Waste Heat Recovery System Market by End-use Industry
11.2.7.3 Mexico Waste Heat Recovery System Market by Application
11.3 Europe
11.3.1 Europe Waste Heat Recovery System Market by Country
11.3.2 Europe Waste Heat Recovery System Market by Phase
11.3.3 Europe Waste Heat Recovery System Market by End-use Industry
11.3.4 Europe Waste Heat Recovery System Market by Application
11.3.5 Germany
11.3.5.1 Germany Waste Heat Recovery System Market by Phase
11.3.5.2 Germany Waste Heat Recovery System Market by End-use Industry
11.3.5.3 Germany Waste Heat Recovery System Market by Application
11.3.6 UK
11.3.6.1 UK Waste Heat Recovery System Market by Phase
11.3.6.2 UK Waste Heat Recovery System Market by End-use Industry
11.3.6.3 UK Waste Heat Recovery System Market by Application
11.3.7 France
11.3.7.1 France Waste Heat Recovery System Market by Phase
11.3.7.2 France Waste Heat Recovery System Market by End-use Industry
11.3.7.3 France Waste Heat Recovery System Market by Application
11.3.8 Italy
11.3.8.1 Italy Waste Heat Recovery System Market by Phase
11.3.8.2 Italy Waste Heat Recovery System Market by End-use Industry
11.3.8.3 Italy Waste Heat Recovery System Market by Application
11.3.9 Spain
11.3.9.1 Spain Waste Heat Recovery System Market by Phase
11.3.9.2 Spain Waste Heat Recovery System Market by End-use Industry
11.3.9.3 Spain Waste Heat Recovery System Market by Application
11.3.10 The Netherlands
11.3.10.1 Netherlands Waste Heat Recovery System Market by Phase
11.3.10.2 Netherlands Waste Heat Recovery System Market by End-use Industry
11.3.10.3 Netherlands Waste Heat Recovery System Market by Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Waste Heat Recovery System Market by Phase
11.3.11.2 Rest of Europe Waste Heat Recovery System Market by End-use Industry
11.3.11.3 Rest of Europe Waste Heat Recovery System Market by Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Waste Heat Recovery System Market by Country
11.4.2 Asia Pacific Waste Heat Recovery System Market by Phase
11.4.3 Asia Pacific Waste Heat Recovery System Market by End-use Industry
11.4.4 Asia Pacific Waste Heat Recovery System Market by Application
11.4.5 Japan
11.4.5.1 Japan Waste Heat Recovery System Market by Phase
11.4.5.2 Japan Waste Heat Recovery System Market by End-use Industry
11.4.5.3 Japan Waste Heat Recovery System Market by Application
11.4.6 South Korea
11.4.6.1 South Korea Waste Heat Recovery System Market by Phase
11.4.6.2. South Korea Waste Heat Recovery System Market by End-use Industry
11.4.6.3. South Korea Waste Heat Recovery System Market by Application
11.4.7 China
11.4.7.1 China Waste Heat Recovery System Market by Phase
11.4.7.2. China Waste Heat Recovery System Market by End-use Industry
11.4.7.3. China Waste Heat Recovery System Market by Application
11.4.8 India
11.4.8.1 India Waste Heat Recovery System Market by Phase
11.4.8.2. India Waste Heat Recovery System Market by End-use Industry
11.4.8.3 India Waste Heat Recovery System Market by Application
11.4.9 Australia
11.4.8.1 Australia Waste Heat Recovery System Market by Phase
11.4.8.2. Australia Waste Heat Recovery System Market by End-use Industry
11.4.8.3. Australia Waste Heat Recovery System Market by Application
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC Waste Heat Recovery System Market by Phase
11.4.10.2. APAC Waste Heat Recovery System Market by End-use Industry
11.4.10.3. APAC Waste Heat Recovery System Market by Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Waste Heat Recovery System Market by Country
11.5.2 The Middle East & Africa Waste Heat Recovery System Market by Phase
11.5.3 The Middle East & Africa Waste Heat Recovery System Market by End-use Industry
11.5.4 The Middle East & Africa Waste Heat Recovery System Market by Application
11.5.5 Israel
11.5.5.1 Israel Waste Heat Recovery System Market by Phase
11.5.5.2 Israel Waste Heat Recovery System Market by End-use Industry
11.5.5.3 Israel Waste Heat Recovery System Market by Application
11.5.6 UAE
11.5.6.1 UAE Waste Heat Recovery System Market by Phase
11.5.6.2 Israel Waste Heat Recovery System Market by End-use Industry
11.5.6.3 Israel Waste Heat Recovery System Market by Application
11.5.7 South Africa
11.5.7.1 South Africa Waste Heat Recovery System Market by Phase
11.5.7.2 South Africa Waste Heat Recovery System Market by End-use Industry
11.5.7.3 South Africa Waste Heat Recovery System Market by Application
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Waste Heat Recovery System Market by Phase
11.5.8.2 Rest of Middle East & Asia Waste Heat Recovery System Market by End-use Industry
11.5.8.3 Rest of Middle East & Asia Waste Heat Recovery System Market by Application
11.6 Latin America
11.6.1 Latin America Waste Heat Recovery System Market by Country
11.6.2. Latin America Waste Heat Recovery System Market by Phase
11.6.3 Latin America Waste Heat Recovery System Market by End-use Industry
11.6.4 Latin America Waste Heat Recovery System Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Waste Heat Recovery System Market by Phase
11.6.5.2 Brazil Waste Heat Recovery System Market by End-use Industry
11.6.5.3Brazil Waste Heat Recovery System Market by Application
11.6.6Argentina
11.6.6.1 Argentina Waste Heat Recovery System Market by Phase
11.6.6.2 Argentina Waste Heat Recovery System Market by End-use Industry
11.6.6.3 Argentina Waste Heat Recovery System Market by Application
11.6.7Rest of Latin America
11.6.7.1 Rest of Latin America Waste Heat Recovery System Market by Phase
11.6.7.2 Rest of Latin America Waste Heat Recovery System Market by End-use Industry
11.6.7.3Rest of Latin America Waste Heat Recovery System Market by Application
12. Company Profile
12.1 Siemens AG
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Mitsubishi Heavy Industries, Ltd.
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 General Electric
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 ABB
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Boustead International Heaters
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Forbes Marshall
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Promec Engineering
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Terrapin
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Wood Plc (Amec Foster Wheeler)
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Climeon
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Bosch Industries
12.11.1 Market Overview
12.11.2 Financials
12.11.3 Product/Services/Offerings
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Kessel GmbH
12.12.1 Market Overview
12.12.2 Financials
12.12.3 Product/Services/Offerings
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 AURA GmbH & Co
12.13.1 Market Overview
12.13.2 Financials
12.13.3 Product/Services/Offerings
12.13.4 SWOT Analysis
12.13.5 The SNS View
12.14 Exergy S.p.A.
12.14.1 Market Overview
12.14.2 Financials
12.14.3 Product/Services/Offerings
12.14.4 SWOT Analysis
12.14.5 The SNS View
12.15 IHI Corporation
12.15.1 Market Overview
12.15.2 Financials
12.15.3 Product/Services/Offerings
12.15.4 SWOT Analysis
12.15.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Use Cases and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Enhanced Oil Recovery Market size was valued at USD 50.11 billion in 2022 and is expected to grow to USD 83.55 billion by 2030 and grow at a CAGR of 6.6 % over the forecast period of 2023-2030.
Hydrogen Energy Storage Market size was valued at USD 15.98 billion in 2023 and is expected to grow to USD 23.46 billion by 2031 and grow at a CAGR of 4.91% over the forecast period of 2024-2031.
The Sand Control Solutions Market size was valued at USD 2.5 billion in 2022 and is expected to grow to USD 5.01 billion by 2030 and grow at a CAGR of 9.1% over the forecast period of 2023-2030.
The Lithium-Ion Battery Cathode Market size was valued at USD 22.22 billion in 2022 and is expected to grow to USD 94.90 billion by 2030 and grow at a CAGR of 19.9 % over the forecast period of 2023-2030.
The Carbon Capture Utilization Market size was valued at USD 1432.22 million in 2022 and is expected to grow to USD 5568.73 million by 2030 and grow at a CAGR of 18.5 % over the forecast period of 2023-2030.
The Shell & Tube Heat Exchanger Market size was valued at USD 8.8 billion in 2022 and is expected to grow to USD 13.61 billion by 2030 and grow at a CAGR of 5.6% over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
