Joint Venture – The Most Popular Growth Strategy in Waste Heat Recovery System Market

November 13 18:02 2019
Joint Venture - The Most Popular Growth Strategy in Waste Heat Recovery System Market

Browse 71 market data Tables and 90 Figures spread through 175 Pages and in-depth TOC on “Waste Heat Recovery System Market”
Waste Heat Recovery System Market by Application (Preheating and Steam & Electricity Generation), End-Use Industry (Petroleum Refining, Metal Production, Cement, Chemical, Paper & Pulp, and Textile)

Joint venture is the most popular growth strategy adopted by the leading companies in the waste heat recovery market. The top players in the waste heat recovery are keen on this strategy for better penetration and expansion of their business into new regions. These new ventures would help the companies to satiate the growing demand for waste heat recovery systems.

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The market size of waste heat recovery system (WHRS) is projected to reach USD 65.87 billion by 2021, at a CAGR of 6.90%.

Market Dynamics


  • Rising Energy & Electricity Prices in Emerging Economies
  • Government Regulations & Incentives
  • Growing Environmental Concern
  • Need for Energy Efficient Equipment



  • Rising Energy & Electricity Prices in Emerging Economies
  • Cost Restriction
  • Temperature Restraints



  • Emerging Waste Heat Recovery Technologies
  • Emerging Economies


Burning Issue

  • Focus on Cost Efficient Heat Recovery


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Several factors directly or indirectly affect the waste heat recovery market such as increased growth in government regulatory requirement, increasing concern towards environmental protection, rising concern for energy prices, and the reluctant use of waste heat management technologies among others.

One major factor that is hindering the development of the market is the high implementation costs of these systems in the factories. This is a massive restriction for medium level companies with low capital budget. The capital cost involved in their implementation in the industry is significant when it comes to larger applications and higher power capacity. The system also requires proper maintenance adding to the overall capital and operating cost of the WHR equipment. Many industries are reluctant towards investing in the mechanisms that do not increase the production and ensure their economic survival. They hesitate to take up risks involved projects, such as waste heat recovery projects that are outside of their core business. All these factors together prove a deterrent to the WHRS market.

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