Forecasting the Future of the Waste Heat Recovery System Market: Trends and Forecasts
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The Global WHRS market size is expected to grow from USD 72.5 billion in 2022 to USD 102.1 billion by 2027 at a compound annual growth rate (CAGR) of 7.1% during the forecast period. The waste heat recovery system market is expected to witness significant growth due to strict government regulatory requirements, increasing concerns about environmental protection, rising concern for energy prices, and the reluctant use of waste heat management technologies. Concerns about rising carbon emissions and the depletion of fossil fuels are also expected to drive the market.
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