Waste Heat Recovery System Market: Global Forecasts to 2021 Oct 2016 | Page 2
Waste Heat Recovery System Market : Global Forecasts to 2021 “ Waste heat recovery system market to reach USD 65.87 billion by 2021 ”
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 % between 2016 and 2021 . The growing demand from major enduser industries such as cement and metal production is expected to drive the market in the future . The growing construction sector is significantly driving the demand for WHR system . The high cost of these systems is a major restraint for the market .
“ Steam & electricity generation application to witness the highest growth rate during forecast period ”
The steam & electricity generation application is expected to witness the highest growth rate between 2016 and 2021 . Steam generation from waste heat sources is crucial to several end-use industries and , hence , is a major WHRS application . The advantages of steam generation are its high heat capacity and flexibility .