The market size of waste heat recovery (WHR) system was USD 44.14 Billion in 2015 and is projected to reach USD 65.87 Billion by 2021, at a CAGR of 6.90% between 2016 and 2021. The major players adopted key strategies such as supply contract and agreements to increase their market share and revenue. Other major growth strategies adopted by WHRS manufacturers are acquisitions and partnership & collaboration that help the company strengthen their position in the WHR system market.
The market size of waste heat recovery system (WHRS) was USD 44.14 Billion in 2015 and is projected to reach USD 65.87 Billion by 2021, at a CAGR of 6.90%. Rising energy & electricity prices coupled with stringent government regulations & incentives are expected to drive the market in the future.
