화학 폐열 회수 시스템 시장 기회, 성장요인, 업계 동향 분석 및 예측(2026-2035년)

The Global Chemical Waste Heat Recovery Systems Market was valued at USD 11.6 billion in 2025 and is estimated to grow at a CAGR of 6.6% to reach USD 21.8 billion by 2035.

Growth is supported by stricter decarbonization targets set by large chemical producers, with increasing focus on reducing fuel-based steam generation and process heat consumption. Waste heat recovery is being adopted as a direct and cost-effective solution to lower emissions while improving energy efficiency. As companies align emissions targets with operational performance metrics, these systems are increasingly viewed as strategic investments rather than optional upgrades. This shift helps stabilize operating margins amid fluctuating energy costs. Broader adoption of internal carbon accounting and product-level emissions tracking is further accelerating demand, as customers increasingly expect lower-carbon chemical outputs. Regulatory frameworks are also reinforcing efficiency-first planning by requiring detailed energy assessments and recovery of excess thermal energy before approving new capacity. Financial incentives and supportive policy structures are making these systems easier to justify and integrate into long-term capital programs.

The electricity and steam generation segment accounted for 52.1% share in 2025 and is projected to grow at a CAGR of 7.5% through 2035. Chemical producers are increasingly converting recovered heat into usable energy to support on-site power and steam needs while reducing emissions intensity.

The systems operating above 650°C represented 66.6% share in 2025 and are expected to grow at a CAGR of 6% by 2035. High-temperature processes generate substantial recoverable heat, and capturing this energy is becoming central to next-generation thermal efficiency strategies across energy-intensive chemical operations.

U.S. Chemical Waste Heat Recovery Systems Market held 82% share in 2025 and generated USD 4.7 billion. Regional growth is being driven by favorable policy mechanisms that support efficiency investments and accelerate the adoption of advanced heat recovery solutions across chemical and petrochemical facilities.

Key companies active in the Global Chemical Waste Heat Recovery Systems Market include Siemens Energy, Mitsubishi Heavy Industries, General Electric, Bosch, Thermax, Viessmann, John Wood Group, Ormat, Exergy International, Sofinter, Durr Group, IHI Power Systems, Rentech Boilers, Climeon, Forbes Marshall, Aura, BIHL, Cochran, Promec Engineering, and Echogen. Companies operating in the Chemical Waste Heat Recovery Systems Market are strengthening their positions through technology advancement, project integration capabilities, and strategic collaborations. Manufacturers are focusing on developing scalable, high-efficiency solutions that can be deployed across multiple plant configurations. Many players are expanding service offerings to include system design, optimization, and long-term maintenance to improve customer value. Geographic expansion into regions with strong regulatory support is also a key priority.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Research approach
• 1.2 Quality commitment
  • 1.2.1 GMI AI policy & data integrity commitment
    • 1.2.1.1 Source consistency protocol
• 1.3 Research Trail & Confidence Scoring
  • 1.3.1 Research Trail Components
  • 1.3.2 Scoring Components
• 1.4 Data Collection
  • 1.4.1 Partial list of primary sources
• 1.5 Data mining sources
  • 1.5.1 Paid sources
    • 1.5.1.1 Sources, by region
• 1.6 Base estimates and calculations
  • 1.6.1 Base year calculation for any one approach
• 1.7 Forecast model
• 1.8 Research transparency addendum
  • 1.8.1 Source attribution framework
  • 1.8.2 Quality assurance metrics
  • 1.8.3 Our commitment to trust
• 1.9 Market definitions

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2022 - 2035
  • 2.1.1 Business trends
  • 2.1.2 Application trends
  • 2.1.3 Temperature trends
  • 2.1.4 Regional trends

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Regulatory landscape
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
  • 3.3.2 Industry pitfalls & challenges
• 3.4 Growth potential analysis
• 3.5 Porter';s analysis
  • 3.5.1 Bargaining power of suppliers
  • 3.5.2 Bargaining power of buyers
  • 3.5.3 Threat of new entrants
  • 3.5.4 Threat of substitutes
• 3.6 PESTEL analysis
  • 3.6.1 Political factors
  • 3.6.2 Economic factors
  • 3.6.3 Social factors
  • 3.6.4 Technology factors
  • 3.6.5 environmental factors
  • 3.6.6 Legal factors
• 3.7 Emerging opportunities & trends
  • 3.7.1 Digitalization and IoT integration
  • 3.7.2 Emerging market penetration

Chapter 4 Competitive landscape, 2025

• 4.1 Introduction
• 4.2 Company market share analysis, 2025
• 4.3 Strategic initiatives
• 4.4 Competitive benchmarking
• 4.5 Strategic dashboard
• 4.6 Innovation & technology landscape

Chapter 5 Market Size and Forecast, By Application, 2022 - 2035 (USD Billion)

• 5.1 Key trends
• 5.2 Pre-heating
• 5.3 Electricity & steam generation
  • 5.3.1 Steam rankine cycle
  • 5.3.2 Organic rankine cycle
  • 5.3.3 Kalina cycle
• 5.4 Other

Chapter 6 Market Size and Forecast, By Temperature, 2022 - 2035 (USD Billion)

• 6.1 Key trends
• 6.2 < 230°C
• 6.3 230°C - 650 °C
• 6.4 > 650 °C

Chapter 7 Market Size and Forecast, By Region, 2022 - 2035 (USD Billion)

• 7.1 Key trends
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 UK
  • 7.3.2 France
  • 7.3.3 Germany
  • 7.3.4 Italy
  • 7.3.5 Spain
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 India
  • 7.4.3 Japan
  • 7.4.4 Australia
  • 7.4.5 South Korea
• 7.5 Middle East & Africa
  • 7.5.1 Saudi Arabia
  • 7.5.2 South Africa
  • 7.5.3 UAE
• 7.6 Latin America
  • 7.6.1 Brazil
  • 7.6.2 Argentina

Chapter 8 Company Profiles

• 8.1 Aura
• 8.2 BIHL
• 8.3 Bosch
• 8.4 Climeon
• 8.5 Cochran
• 8.6 Durr Group
• 8.7 Echogen
• 8.8 Exergy International
• 8.9 Forbes Marshall
• 8.10 General Electric
• 8.11 IHI Power Systems
• 8.12 John Wood Group
• 8.13 Mitsubishi Heavy Industries
• 8.14 Ormat
• 8.15 Promec Engineering
• 8.16 Rentech Boilers
• 8.17 Siemens Energy
• 8.18 Sofinter
• 8.19 Thermax
• 8.20 Viessmann