폐열 회수 시스템 시장 : 용도, 최종 이용 산업, 지역별 - 세계 예측(-2031년)

The waste heat recovery system market is projected to reach USD 135.33 billion in 2031 from USD 92.99 billion in 2026, at a CAGR of 7.8%.

The increasing demand is attributed to compounding global pressures from skyrocketing industrial energy tariffs and strict Scope 1 emission penalties, which force factories to treat thermal recycling as a survival necessity for protecting operational margins.

"The preheating application segment is projected to account for the second-largest market share throughout the forecast period"

The preheating application segment is projected to account for the second-largest share of the waste heat recovery systems market during the forecast period due to its wide usage in energy-intensive manufacturing activities. Preheating utilizes the energy extracted from flue gases generated by furnaces, exhaust emissions, and kiln smoke, along with other high-temperature sources, to elevate the temperature of combustion air, feed water, raw materials, and other inputs prior to their progression to subsequent stages in the production process. This recovery process enhances overall system efficiency by maximizing heat utilization and reducing energy consumption in subsequent operations. This will reduce the need for primary fuel for achieving temperature for the operation, which results in greater thermal efficiency of the process in general. Industrial facilities engaged in cement, steel production, oil refining, chemical processing, glass manufacturing, and non-ferrous metal processing have significant potential for integrating preheating technologies. These operations consistently generate high-temperature emissions, creating opportunities to capture and utilize this thermal energy. Various advanced technologies are available for preheating, enabling effective solutions for both retrofitting existing systems and designing new installations. Since it does not contribute energy back to the system that has been expended, it has a reduced reliance on supplementary devices.

"The chemicals industry is projected to capture the second-largest market share over the forecast period."

The chemicals industry is projected to secure the second-largest share of the waste heat recovery systems market during the forecast period, due to the ongoing nature and resource-intensive characteristics of chemical production processes. Chemical production facilities are able to produce large amounts of heat that can be recovered from engines, reactors, furnaces, crackers, boilers, and exhaust systems. The recovered thermal energy can be harnessed with the help of economizers, heat recovery boilers, heat exchangers, and steam generators and utilized for pre-heating of raw materials, generating steam, heating processes or generating electricity in the future. The operations of petrol products manufacturing plants can be seen as an ideal match for WHR systems, since such facilities provide constant availability of heat flow and high effectiveness of equipment. Another significant aspect of this segment is that the possibility of heat integration allows recovered thermal energy from one unit to be used in other production units, leading to lower fuel costs. In addition, some existing facilities have become highly energy-efficient recently and reduced operational costs with minimum changes to their production processes. The complex of continuously running production processes with high process temperatures, continuous production, and multiple internal heat-demand points is expected to sustain significant WHR deployment, supporting the segment's position as the second-largest end-use industry.

"Asia Pacific is projected to be the second-largest market for heat recovery systems during the forecast period."

Asia Pacific is expected to hold the second-largest share of the waste heat recovery systems market during the evaluation period due to its large manufacturing base and energy-intensive industries. Countries such as China, India, Japan, South Korea, and Southeast Asia have capable production of cement, steel, chemicals, and petroleum products, along with the production of paper that results in the realization of a large amount of heat. The continuous operation of kilns, furnaces, boilers, and processes provides enough heat for the waste heat boilers, heat exchangers, economizers, and organic Rankine cycle systems. Further increasing production in the region encourages manufacturers to enhance their fuel consumption and lower their energy losses. Moreover, the modernization of old production facilities creates possibilities for retrofitting installations, while new plants have opportunities to utilize WHR in their design. Cement and metal industries are especially essential due to the temperature profile of exhaust gases. Increasing electricity requirements result in a growing need to use waste heat to generate electricity and steam. These trends will keep the deployment of WHR systems across Asia Pacific.

The study contains insights from various industry experts, from component suppliers to OEMs. The breakdown of the primary participants is as follows:

By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%

By Designation: C-level Executives: 20%, Directors: 30%, and Others: 50%

By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, South America: 10%, and Middle East & Africa: 20%

Notes: Other designations include sales, marketing, and product managers.

Tier 1: >USD 1 billion; Tier 2: USD 500 million-1 billion; and Tier 3: <USD 500 million

Companies Covered: Siemens Energy AG (Germany), GE Vernova Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan), ABB Ltd. (Switzerland), Shanghai Electric Group Co., Ltd. (China), Kawasaki Heavy Industries, Ltd. (Japan), Doosan Enerbility Co., Ltd. (South Korea), IHI Corporation (Japan), Wartsila Corporation (Finland), Bharat Heavy Electricals Limited (BHEL) (India), among others, are covered in the report.

The study includes an in-depth competitive analysis of these key players in the waste heat recovery system market, with their company profiles, recent developments, and key market strategies.

Research Coverage

This research report categorizes the waste heat recovery system market based on application (preheating, steam & electricity generation, other applications), end-use industry (petroleum refining, metal production, cement, chemical, paper & pulp, other end-use industries), region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). The report's scope covers detailed information regarding the drivers, restraints, challenges, and opportunities influencing the growth of the waste heat recovery system market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products offered, and key strategies, such as partnerships, collaborations, product launches, expansions, and acquisitions, associated with the waste heat recovery system market. This report covers a competitive analysis of upcoming startups in the waste heat recovery system ecosystem.

Reasons to Buy the Report

The report will offer market leaders/new entrants information on the closest approximations of the revenue numbers for the overall waste heat recovery system market and the subsegments. This report will help stakeholders understand the competitive landscape, gain more insights into positioning their businesses better, and plan suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following points:

Analysis of key drivers (rising energy costs across energy-intensive industries, increasing recovery from steel furnace and reheating operations, increasing focus of cement and metals producers on emission reduction), restraints (high capital requirement for installing waste heat recovery systems, complex integration of waste heat recovery systems with existing plant infrastructure), opportunities (increasing integration of waste heat recovery systems with data center cooling infrastructure, growing deployment of industrial heat pumps for waste heat valorization, rising deployment of orc systems for low- and medium-temperature waste heat recovery), and challenges (corrosion and fouling risks in high-temperature waste heat recovery equipment, fluctuating production loads causing variations in waste heat generation).

• Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the waste heat recovery system market.
• Market Development: Comprehensive information about profitable markets - the report analyzes the waste heat recovery system market across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the waste heat recovery system market.

• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players: Siemens Energy AG (Germany), GE Vernova Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan), ABB Ltd. (Switzerland), Shanghai Electric Group Co., Ltd. (China), Kawasaki Heavy Industries, Ltd. (Japan), Doosan Enerbility Co., Ltd. (South Korea), IHI Corporation (Japan), Wartsila Corporation (Finland), Bharat Heavy Electricals Limited (BHEL) (India).

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKETS COVERED & REGIONAL SCOPE
  • 1.3.2 INCLUSIONS & EXCLUSIONS
  • 1.3.3 YEARS CONSIDERED
  • 1.3.4 CURRENCY CONSIDERED
  • 1.3.5 STAKEHOLDERS
• 1.4 SUMMARY OF STRATEGIC CHANGES IN MARKET

2 EXECUTIVE SUMMARY

• 2.1 KEY INSIGHTS AND MARKET HIGHLIGHTS
• 2.2 KEY MARKET PARTICIPANTS: SHARE INSIGHTS AND STRATEGIC DEVELOPMENTS
• 2.3 DISRUPTIVE TRENDS SHAPING MARKET
• 2.4 HIGH-GROWTH SEGMENTS & EMERGING FRONTIERS
• 2.5 SNAPSHOT: GLOBAL MARKET SIZE, GROWTH RATE, AND FORECAST

3 PREMIUM INSIGHTS

• 3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN WASTE HEAT RECOVERY SYSTEM MARKET
• 3.2 WASTE HEAT RECOVERY SYSTEM MARKET, BY APPLICATION AND END-USE INDUSTRY
• 3.3 WASTE HEAT RECOVERY SYSTEM MARKET, BY COUNTRY

4 MARKET OVERVIEW

• 4.1 INTRODUCTION
• 4.2 MARKET DYNAMICS
  • 4.2.1 DRIVERS
    • 4.2.1.1 Rising energy costs across energy-intensive industries
    • 4.2.1.2 Increasing recovery from steel furnace and reheating operations
    • 4.2.1.3 Increasing focus of cement and metals producers on emission reduction
  • 4.2.2 RESTRAINTS
    • 4.2.2.1 High capital requirement for installing waste heat recovery systems
    • 4.2.2.2 Complex integration of waste heat recovery systems with existing plant infrastructure
  • 4.2.3 OPPORTUNITIES
    • 4.2.3.1 Increasing integration of waste heat recovery systems with data center cooling infrastructure
    • 4.2.3.2 Growing deployment of industrial heat pumps for waste heat valorization
    • 4.2.3.3 Rising deployment of ORC systems for low- and medium-temperature waste heat recovery
  • 4.2.4 CHALLENGES
    • 4.2.4.1 Corrosion and fouling risks in high-temperature waste heat recovery equipment
    • 4.2.4.2 Fluctuating production loads cause variations in waste heat generation
• 4.3 UNMET NEEDS AND WHITE SPACES
  • 4.3.1 UNMET NEEDS
    • 4.3.1.1 Economically viable recovery of low temperature waste heat below 150°C
    • 4.3.1.2 Long-life high-temperature equipment under corrosive and fouling conditions
  • 4.3.2 WHITE SPACES
    • 4.3.2.1 Modular WHRS platforms designed for highly variable industrial production loads
    • 4.3.2.2 Integrated waste heat to process heat systems that monetize low-grade energy
• 4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
  • 4.4.1 CROSS-SECTOR OPPORTUNITIES
• 4.5 STRATEGIC MOVES BY TIER 1/2/3 PLAYERS

5 INDUSTRY TRENDS

• 5.1 PORTER'S FIVE FORCES ANALYSIS
  • 5.1.1 THREAT OF NEW ENTRANTS
  • 5.1.2 THREAT OF SUBSTITUTES
  • 5.1.3 BARGAINING POWER OF SUPPLIERS
  • 5.1.4 BARGAINING POWER OF BUYERS
  • 5.1.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.2 MACROECONOMIC ANALYSIS
  • 5.2.1 INTRODUCTION
  • 5.2.2 GDP TRENDS AND FORECASTS
• 5.3 VALUE CHAIN ANALYSIS
• 5.4 ECOSYSTEM ANALYSIS
• 5.5 PRICING ANALYSIS
  • 5.5.1 CHANGES IN PRICING IN 2026
• 5.6 TRADE ANALYSIS
  • 5.6.1 EXPORT DATA FOR HS CODE 841950
  • 5.6.2 IMPORT DATA FOR HS CODE 841950
• 5.7 KEY CONFERENCES AND EVENTS, 2026-2027
• 5.8 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 5.9 INVESTMENT AND FUNDING SCENARIO
• 5.10 CASE STUDY ANALYSIS
  • 5.10.1 THERMAX - GREENFIELD REFINERY, MEXICO: INTEGRATED WASTE HEAT RECOVERY FOR A MEXICAN REFINERY
  • 5.10.2 MITSUBISHI HEAVY INDUSTRIES - MARINE WHR-ORC SYSTEM: NEXT-GENERATION WASTE HEAT RECOVERY FOR MARINE ENGINES
  • 5.10.3 ALFA LAVAL - OUTOKUMPU, FINLAND: WASTE HEAT RECOVERY FROM STAINLESS STEEL FURNACES
• 5.11 IMPACT OF 2025 US TARIFF ON WASTE HEAT RECOVERY SYSTEMS MARKET
  • 5.11.1 INTRODUCTION
  • 5.11.2 PRICE IMPACT ANALYSIS
  • 5.11.3 KEY IMPACT ON VARIOUS REGIONS
    • 5.11.3.1 US
    • 5.11.3.2 Europe
    • 5.11.3.3 Asia Pacific
  • 5.11.4 END-USE SECTOR IMPACT

6 STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL, AND AI ADOPTIONS

• 6.1 KEY EMERGING TECHNOLOGIES
  • 6.1.1 ORGANIC RANKINE CYCLE (ORC)
  • 6.1.2 WASTE HEAT RECOVERY BOILERS (WHRB)
  • 6.1.3 HEAT RECOVERY STEAM GENERATORS (HRSG)
• 6.2 COMPLEMENTARY TECHNOLOGIES
  • 6.2.1 HEAT EXCHANGER TECHNOLOGY
  • 6.2.2 THERMAL ENERGY STORAGE (TES)
• 6.3 ADJACENT TECHNOLOGIES
  • 6.3.1 SUPERCRITICAL CO2 (SCO2) POWER CYCLES
  • 6.3.2 THERMOCHEMICAL HEAT RECOVERY
• 6.4 TECHNOLOGY/PRODUCT ROADMAP
  • 6.4.1 SHORT-TERM (2025-2027) | EFFICIENCY OPTIMIZATION & DIGITALIZATION PHASE
  • 6.4.2 MID-TERM (2027-2030): ADVANCED HEAT RECOVERY & INTEGRATED ENERGY MANAGEMENT PHASE
  • 6.4.3 LONG-TERM (2030-2035+): INTELLIGENT & NEXT-GENERATION HEAT RECOVERY ECOSYSTEM PHASE
• 6.5 PATENT ANALYSIS
  • 6.5.1 INTRODUCTION
  • 6.5.2 APPROACH
  • 6.5.3 TOP APPLICANTS
  • 6.5.4 JURISDICTION ANALYSIS
• 6.6 FUTURE APPLICATIONS
  • 6.6.1 THERMOELECTRIC DIRECT ELECTRICITY GENERATION
  • 6.6.2 THERMOPHOTOVOLTAIC WASTE HEAT GENERATION
  • 6.6.3 MEMBRANE LATENT HEAT RECOVERY
  • 6.6.4 WASTE HEAT POWERED INDUSTRIAL COOLING
  • 6.6.5 WASTE HEAT DRIVEN INDUSTRIAL DESALINATION
• 6.7 IMPACT OF AI/GEN AI ON WASTE HEAT RECOVERY SYSTEMS MARKET
  • 6.7.1 TOP USE CASES AND MARKET POTENTIAL
  • 6.7.2 BEST PRACTICES FOLLOWED BY MANUFACTURERS/OEMS IN WASTE HEAT RECOVERY SYSTEMS
  • 6.7.3 CASE STUDIES OF AI IMPLEMENTATION IN WASTE HEAT RECOVERY SYSTEMS MARKET
  • 6.7.4 INTERCONNECTED ECOSYSTEM AND IMPACT ON MARKET PLAYERS
  • 6.7.5 CLIENTS' READINESS TO ADAPT AI-INTEGRATED WASTE HEAT RECOVERY SYSTEMS

7 SUSTAINABILITY AND REGULATORY LANDSCAPE

• 7.1 REGIONAL REGULATIONS AND COMPLIANCE
  • 7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 7.1.2 INDUSTRY STANDARDS
• 7.2 SUSTAINABILITY INITIATIVES
  • 7.2.1 CARBON IMPACT REDUCTION INITIATIVES
    • 7.2.1.1 Increase use of lower carbon steel and recycled metallic content
    • 7.2.1.2 Replace high-impact insulation inputs with lower-carbon alternatives
    • 7.2.1.3 Reduce manufacturing emissions through renewable energy and heat reuse
  • 7.2.2 ECO APPLICATIONS IN WASTE HEAT RECOVERY SYSTEMS
    • 7.2.2.1 Use recovered industrial heat for panel manufacturing processes
    • 7.2.2.2 Upgrade low temperature waste heat using industrial heat pumps
    • 7.2.2.3 Combine waste heat recovery with thermal energy storage
• 7.3 IMPACT OF REGULATORY POLICIES ON SUSTAINABILITY INITIATIVES
• 7.4 CERTIFICATIONS, LABELING, ECO-STANDARDS

8 CUSTOMER LANDSCAPE AND BUYER BEHAVIOR

• 8.1 DECISION-MAKING PROCESS
• 8.2 KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA
  • 8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 8.2.2 BUYING CRITERIA
• 8.3 ADOPTION BARRIERS & INTERNAL CHALLENGES
• 8.4 UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
• 8.5 MARKET PROFITABILITY
  • 8.5.1 REVENUE POTENTIAL
  • 8.5.2 COST DYNAMICS
• 8.6 MARGIN OPPORTUNITIES, BY END USE INDUSTRY
  • 8.6.1 PETROLEUM REFINING
  • 8.6.2 METAL PRODUCTION
  • 8.6.3 CEMENT
  • 8.6.4 CHEMICAL
  • 8.6.5 PAPER & PULP

9 WASTE HEAT RECOVERY SYSTEM MARKET, BY APPLICATION

• 9.1 INTRODUCTION
• 9.2 PREHEATING
  • 9.2.1 PREHEATING APPLICATIONS EXPANDING THROUGH DIRECT THERMAL INTEGRATION ACROSS INDUSTRIAL PROCESSES
• 9.3 STEAM & ELECTRICITY GENERATION
  • 9.3.1 STEAM GENERATION
  • 9.3.2 ELECTRICITY GENERATION
    • 9.3.2.1 Steam Rankine cycle
    • 9.3.2.2 Organic Rankine cycle (ORC)
    • 9.3.2.3 Kalina cycle
• 9.4 OTHER APPLICATIONS

10 WASTE HEAT RECOVERY SYSTEMS MARKET, BY END-USE INDUSTRY

• 10.1 INTRODUCTION
• 10.2 PETROLEUM REFINING
  • 10.2.1 PETROLEUM REFINING IS EXPANDING WASTE HEAT RECOVERY ACROSS COMPLEX HIGH-TEMPERATURE PROCESS STREAMS
• 10.3 METAL PRODUCTION
  • 10.3.1 ADVANCING HEAT RECOVERY THROUGH FURNACE-SPECIFIC THERMAL INTEGRATION
• 10.4 CEMENT
  • 10.4.1 INCREASING WASTE HEAT RECOVERY ACROSS KILN AND CLINKER COOLING OPERATIONS
• 10.5 CHEMICAL
  • 10.5.1 EXPANDING HEAT RECOVERY ACROSS REACTION AND ACID PRODUCTION PROCESSES
• 10.6 PAPER & PULP
  • 10.6.1 EXPANDING HEAT RECOVERY ACROSS RECOVERY BOILERS AND DRYING SYSTEMS
• 10.7 OTHER END-USE INDUSTRIES

11 WASTE HEAT RECOVERY SYSTEMS MARKET, BY REGION

• 11.1 INTRODUCTION
• 11.2 ASIA PACIFIC
  • 11.2.1 CHINA
    • 11.2.1.1 Expansive industrial base increasing demand
  • 11.2.2 INDIA
    • 11.2.2.1 Energy-intensive industrial expansion strengthening demand
  • 11.2.3 JAPAN
    • 11.2.3.1 Stable industrial operations sustaining waste heat recovery demand
  • 11.2.4 SOUTH KOREA
    • 11.2.4.1 Refining and heavy industry base supporting WHRS demand
  • 11.2.5 INDONESIA
    • 11.2.5.1 Expanding processing base supporting demand
  • 11.2.6 REST OF ASIA PACIFIC
• 11.3 EUROPE
  • 11.3.1 GERMANY
    • 11.3.1.1 Industrial recovery strengthening demand for waste heat recovery systems
  • 11.3.2 FRANCE
    • 11.3.2.1 Manufacturing strength supporting demand growth
  • 11.3.3 UK
    • 11.3.3.1 Industrial activities increasing demand
  • 11.3.4 ITALY
    • 11.3.4.1 Industrial energy dependence accelerating demand
  • 11.3.5 SPAIN
    • 11.3.5.1 Expanding industrial output increasing opportunities for players
  • 11.3.6 BELGIUM
    • 11.3.6.1 Belgium's concentrated heavy industry is strengthening demand for waste heat recovery systems
  • 11.3.7 SWEDEN
    • 11.3.7.1 Export-oriented industrial base supporting demand for waste heat recovery systems
  • 11.3.8 RUSSIA
    • 11.3.8.1 Large industrial base strengthening demand for waste heat recovery systems
  • 11.3.9 POLAND
    • 11.3.9.1 Expanding energy-intensive industries increasing demand
  • 11.3.10 REST OF EUROPE
• 11.4 NORTH AMERICA
  • 11.4.1 US
    • 11.4.1.1 Industrial expansion increasing demand
  • 11.4.2 CANADA
    • 11.4.2.1 Canada's Refining and Manufacturing Activity Supports Waste Heat Recovery Demand
  • 11.4.3 MEXICO
    • 11.4.3.1 Industrial expansion increasing demand
• 11.5 MIDDLE EAST & AFRICA
  • 11.5.1 GCC COUNTRIES
    • 11.5.1.1 Saudi Arabia
      • 11.5.1.1.1 Expanding industrial base accelerating demand
    • 11.5.1.2 UAE
      • 11.5.1.2.1 Expanding non-oil industries strengthening demand
    • 11.5.1.3 Rest of GCC countries
  • 11.5.2 SOUTH AFRICA
    • 11.5.2.1 Industrial production growth increasing demand
  • 11.5.3 REST OF MIDDLE EAST & AFRICA
• 11.6 SOUTH AMERICA
  • 11.6.1 BRAZIL
    • 11.6.1.1 Expanding industrial output increasing demand
  • 11.6.2 ARGENTINA
    • 11.6.2.1 Expanding industrial production increasing demand
  • 11.6.3 REST OF SOUTH AMERICA

12 COMPETITIVE LANDSCAPE

• 12.1 OVERVIEW
• 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
• 12.3 REVENUE ANALYSIS, 2021-2025
• 12.4 MARKET SHARE ANALYSIS, 2025
• 12.5 BRAND COMPARISON
• 12.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2025
  • 12.6.1 STARS
  • 12.6.2 EMERGING LEADERS
  • 12.6.3 PERVASIVE PLAYERS
  • 12.6.4 PARTICIPANTS
  • 12.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2026
    • 12.6.5.1 Company footprint
    • 12.6.5.2 Region footprint
    • 12.6.5.3 Application footprint
    • 12.6.5.4 End-use industry footprint
• 12.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2026
  • 12.7.1 PROGRESSIVE COMPANIES
  • 12.7.2 RESPONSIVE COMPANIES
  • 12.7.3 DYNAMIC COMPANIES
  • 12.7.4 STARTING BLOCKS
  • 12.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2025
    • 12.7.5.1 List of key startups/SMEs
    • 12.7.5.2 Competitive benchmarking of key startups/SMEs
• 12.8 COMPANY VALUATION
• 12.9 FINANCIAL METRICS
• 12.10 COMPETITIVE SCENARIO
  • 12.10.1 PRODUCT LAUNCHES
  • 12.10.2 DEALS
  • 12.10.3 EXPANSIONS

13 COMPANY PROFILES

• 13.1 KEY PLAYERS
  • 13.1.1 SIEMENS ENERGY AG
    • 13.1.1.1 Business overview
    • 13.1.1.2 Products offered
    • 13.1.1.3 Recent developments
      • 13.1.1.3.1 Expansions
    • 13.1.1.4 MnM view
      • 13.1.1.4.1 Right to win
      • 13.1.1.4.2 Strategic choices
      • 13.1.1.4.3 Weakness and competitive threats
  • 13.1.2 GE VERNOVA INC.
    • 13.1.2.1 Business overview
    • 13.1.2.2 Products offered
    • 13.1.2.3 MnM view
      • 13.1.2.3.1 Right to win
      • 13.1.2.3.2 Strategic choices
      • 13.1.2.3.3 Weakness and competitive threats
  • 13.1.3 MITSUBISHI HEAVY INDUSTRIES, LTD.
    • 13.1.3.1 Business overview
    • 13.1.3.2 Products offered
    • 13.1.3.3 Recent developments
      • 13.1.3.3.1 Product launches
      • 13.1.3.3.2 Deals
    • 13.1.3.4 MnM view
      • 13.1.3.4.1 Right to win
      • 13.1.3.4.2 Strategic choices
      • 13.1.3.4.3 Weakness and competitive threats
  • 13.1.4 ABB LTD
    • 13.1.4.1 Business overview
    • 13.1.4.2 Products offered
    • 13.1.4.3 Recent developments
      • 13.1.4.3.1 Expansions
    • 13.1.4.4 MnM view
      • 13.1.4.4.1 Right to win
      • 13.1.4.4.2 Strategic choices
      • 13.1.4.4.3 Weakness and competitive threats
  • 13.1.5 SHANGHAI ELECTRIC GROUP CO., LTD.
    • 13.1.5.1 Business overview
    • 13.1.5.2 Products offered
    • 13.1.5.3 Recent developments
      • 13.1.5.3.1 Deals
      • 13.1.5.3.2 Expansions
    • 13.1.5.4 MnM view
      • 13.1.5.4.1 Right to win
      • 13.1.5.4.2 Strategic choices
      • 13.1.5.4.3 Weakness and competitive threats
  • 13.1.6 KAWASAKI HEAVY INDUSTRIES, LTD.
    • 13.1.6.1 Business overview
    • 13.1.6.2 Products offered
    • 13.1.6.3 Recent developments
      • 13.1.6.3.1 Product launches
      • 13.1.6.3.2 Deals
    • 13.1.6.4 MnM view
  • 13.1.7 DOOSAN ENERBILITY CO., LTD.
    • 13.1.7.1 Business overview
    • 13.1.7.2 Products offered
    • 13.1.7.3 Recent developments
      • 13.1.7.3.1 Deals
      • 13.1.7.3.2 Expansions
    • 13.1.7.4 MnM view
  • 13.1.8 IHI CORPORATION
    • 13.1.8.1 Business overview
    • 13.1.8.2 Products offered
    • 13.1.8.3 Recent developments
      • 13.1.8.3.1 Deals
    • 13.1.8.4 MnM view
  • 13.1.9 WARTSILA CORPORATION
    • 13.1.9.1 Business overview
    • 13.1.9.2 Products offered
    • 13.1.9.3 Recent developments
      • 13.1.9.3.1 Deals
      • 13.1.9.3.2 Expansions
    • 13.1.9.4 MnM view
  • 13.1.10 THERMAX LIMITED
    • 13.1.10.1 Business overview
    • 13.1.10.2 Products offered
    • 13.1.10.3 Recent developments
      • 13.1.10.3.1 Product launches
      • 13.1.10.3.2 Deals
    • 13.1.10.4 MnM view
• 13.2 OTHER PLAYERS
  • 13.2.1 BHARAT HEAVY ELECTRICALS LIMITED (BHEL)
  • 13.2.2 BABCOCK & WILCOX ENTERPRISES, INC.
  • 13.2.3 ORMAT TECHNOLOGIES, INC.
  • 13.2.4 ISGEC HEAVY ENGINEERING LTD.
  • 13.2.5 FORBES MARSHALL PVT. LTD.
  • 13.2.6 CAIN INDUSTRIES, INC.
  • 13.2.7 DONGFANG ELECTRIC CORPORATION LTD.
  • 13.2.8 HARBIN ELECTRIC COMPANY LIMITED
  • 13.2.9 XIZI CLEAN ENERGY EQUIPMENT MANUFACTURING CO., LTD.
  • 13.2.10 SPIRAX-SARCO ENGINEERING PLC (SPIRAX GROUP)
  • 13.2.11 JOHN COCKERILL GROUP
  • 13.2.12 ORCAN ENERGY AG
  • 13.2.13 VICTORY ENERGY OPERATIONS, LLC
  • 13.2.14 THERMODYNE ENGINEERING SYSTEMS
  • 13.2.15 CLEAN ENERGY TECHNOLOGIES, INC. (CETY)

14 RESEARCH METHODOLOGY

• 14.1 RESEARCH DATA
• 14.2 SECONDARY DATA
  • 14.2.1 KEY DATA FROM SECONDARY SOURCES
• 14.3 PRIMARY DATA
  • 14.3.1 KEY DATA FROM PRIMARY SOURCES
  • 14.3.2 KEY INDUSTRY INSIGHTS
  • 14.3.3 BREAKDOWN OF INTERVIEWS WITH EXPERTS
• 14.4 MARKET SIZE ESTIMATION
• 14.5 GROWTH FORECAST
• 14.6 DATA TRIANGULATION
• 14.7 RESEARCH ASSUMPTIONS
• 14.8 RISK ASSESSMENT
• 14.9 FACTOR ANALYSIS
• 14.10 RESEARCH LIMITATIONS

15 APPENDIX

• 15.1 DISCUSSION GUIDE
• 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 15.3 CUSTOMIZATION OPTIONS
• 15.4 RELATED REPORTS
• 15.5 AUTHOR DETAILS