Energy Recovery Technologies Market Size is valued at US$ 36.5 Bn in 2024 and is predicted to reach US$ 71.5 Bn by the year 2034 at an 7.2% CAGR during the forecast period for 2025-2034.
Energy recovery technologies encompass a broad set of systems and processes designed to capture and reuse energy that would otherwise be lost during industrial, commercial, or municipal operations. These technologies play a critical role in improving efficiency, reducing operational costs, and minimizing environmental impact across sectors such as manufacturing, power generation, oil & gas, water treatment, transportation, and construction.
The growing demand for energy efficiency across sectors worldwide is driving considerable growth in the energy recovery technologies market. Energy recovery technologies provide an appealing answer by capturing and reusing energy that would otherwise be squandered, especially as energy costs continue to climb and enterprises face increasing demand to minimize operating expenses.
The global focus on cutting energy waste is in line with more general sustainability objectives, making energy recovery technology an essential part of contemporary industrial plans. The market for energy recovery technologies is expected to increase as a result of the increasing use of renewable energy sources, which frequently call for effective energy management systems to optimize production and reduce losses.
Additionally, strict environmental laws and international pledges to cut carbon emissions are driving the market for energy recovery technologies. Policies requiring industries to reduce their carbon footprints are being enforced by governments and international organizations, which is encouraging the development of energy recovery and reuse technology to reduce waste.
Some of the Key Players in Energy Recovery Technologies Market:
· Schneider Electric SE
· Siemens Energy AG
· Ormat Technologies Inc.
· Echogen Power Systems Inc.
· Mitsubishi Heavy Industries, Ltd.
· ABB Ltd.
· Dürr AG
· General Electric Company
· Alfa Laval AB
· Exergy International Srl
The energy recovery technologies market is segmented by energy source, technology, and end user. By energy source, the market is segmented into pressure differentials, waste heat, mechanical motion, exhaust gases, and renewable thermal sources. By technology, the market is segmented into organic rankine cycle systems, energy recovery ventilation systems, waste heat recovery units, flywheel energy storage, pressure energy recovery devices, regenerative braking systems, and thermoelectric generators. By end user, the market is segmented into transportation and logistics, food and beverage processing, manufacturing and heavy industry, utilities and independent power producer, chemical and petrochemical, construction and real estate.
The waste heat segment led the energy recovery technologies market in 2024 and is anticipated to continue to do so throughout the forecast period. In a variety of industrial applications, such as manufacturing, cement, steel, power generation, and chemical processing, this sector has become the most extensively used source of recoverable energy. When properly captured and repurposed, waste heat which is produced as a consequence of numerous thermal and mechanical processes offers a substantial opportunity for energy conservation.
The energy recovery technologies market was led by the Waste Heat Recovery Units segment in 2024 and is anticipated to continue to do so throughout the forecast period. Because it has been shown to improve energy efficiency and lower operating costs by capturing and reusing thermal energy that would otherwise be lost, this segment has gained significant traction across a variety of energy-intensive industries, including cement, steel, chemicals, oil and gas, and power generation. Waste heat recovery systems are widely used in both high- and low-temperature industrial processes, which makes them an essential part of energy management plans.
In 2024, the North American region dominated the energy recovery technologies market. Several energy-intensive businesses, including manufacturing, chemicals, and oil and gas, are present and are propelling market growth in the area. Because of the favorable regulatory environment and the rising need for energy-efficient solutions, the United States and Canada are the two biggest markets in North America. Additionally driving the energy recovery technologies market growth in the region are the growing emphasis on reducing greenhouse gas emissions and the growing use of renewable energy.
Over the course of the forecast period, the Asia Pacific region is expected to develop at the fastest rate in the energy recovery technologies market. Rapid industrialization, an expanding manufacturing base, and rising energy consumption in major economies like China, India, Japan, and South Korea are the main drivers of this regional leadership. Energy recovery technologies are being adopted by Asia Pacific industries, especially those in the cement, steel, oil and gas, chemical, and power generation sectors, in order to increase operational efficiency, lower energy costs, and adhere to more stringent environmental requirements.
| Report Attribute | Specifications |
| Market Size Value In 2024 | USD 36.5 Bn |
| Revenue Forecast In 2034 | USD 71.5 Bn |
| Growth Rate CAGR | CAGR of 7.2% from 2025 to 2034 |
| Quantitative Units | Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Energy Source, By Technology, By End User, and By Region |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; Germany; The UK; France; Italy; Spain; Rest of Europe; China; Japan; India; South Korea; Southeast Asia; Rest of Asia Pacific; Brazil; Argentina; Mexico; Rest of Latin America; GCC Countries; South Africa; Rest of the Middle East and Africa |
| Competitive Landscape | Schneider Electric SE, Siemens Energy AG, Ormat Technologies Inc., Echogen Power Systems Inc., Mitsubishi Heavy Industries, Ltd., ABB Ltd., Dürr AG, General Electric Company, Alfa Laval AB, and Exergy International Srl |
| Customization Scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape. |
| Pricing and Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Energy Recovery Technologies Market Snapshot
Chapter 4. Global Energy Recovery Technologies Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2025-2034
4.8. Competitive Landscape & Market Share Analysis, By Key Player (2024)
4.9. Use/impact of AI on Energy Recovery Technologies Market Industry Trends
4.10. Global Energy Recovery Technologies Market Penetration & Growth Prospect Mapping (US$ Mn), 2024-2034
Chapter 5. Energy Recovery Technologies Market Segmentation 1: By Energy Source, Estimates & Trend Analysis
5.1. Market Share by Energy Source, 2024 & 2034
5.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Energy Source:
5.2.1. Waste Heat
5.2.2. Mechanical Motion
5.2.3. Exhaust Gases
5.2.4. Pressure Differentials
5.2.5. Renewable Thermal Sources
Chapter 6. Energy Recovery Technologies Market Segmentation 2: By Technology, Estimates & Trend Analysis
6.1. Market Share by Technology, 2024 & 2034
6.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Technology:
6.2.1. Waste Heat Recovery Units
6.2.2. Organic Rankine Cycle Systems
6.2.3. Regenerative Braking Systems
6.2.4. Energy Recovery Ventilation Systems
6.2.5. Pressure Energy Recovery Devices
6.2.6. Thermoelectric Generators
6.2.7. Flywheel Energy Storage
Chapter 7. Energy Recovery Technologies Market Segmentation 3: By End-User, Estimates & Trend Analysis
7.1. Market Share by End-User, 2024 & 2034
7.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following End-User:
7.2.1. Manufacturing and Heavy Industry
7.2.2. Utilities and Independent Power Producer
7.2.3. Transportation and Logistics
7.2.4. Construction and Real Estate
7.2.5. Chemical and Petrochemical
7.2.6. Food and Beverage Processing
Chapter 8. Energy Recovery Technologies Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. Global Energy Recovery Technologies Market, Regional Snapshot 2024 & 2034
8.2. North America
8.2.1. North America Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.2.1.1. US
8.2.1.2. Canada
8.2.2. North America Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Energy Source, 2021-2034
8.2.3. North America High-Altitude Oxygen Simulation Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
8.2.4. North America Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2021-2034
8.3. Europe
8.3.1. Europe Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.3.1.1. Germany
8.3.1.2. U.K.
8.3.1.3. France
8.3.1.4. Italy
8.3.1.5. Spain
8.3.1.6. Rest of Europe
8.3.2. Europe Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Energy Source, 2021-2034
8.3.3. Europe Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
8.3.4. Europe Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2021-2034
8.4. Asia Pacific
8.4.1. Asia Pacific Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.4.1.1. India
8.4.1.2. China
8.4.1.3. Japan
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Hong Kong
8.4.1.7. Southeast Asia
8.4.1.8. Rest of Asia Pacific
8.4.2. Asia Pacific Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Energy Source, 2021-2034
8.4.3. Asia Pacific Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
8.4.4. Asia Pacific Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2021-2034
8.5. Latin America
8.5.1. Latin America Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.5.1.1. Brazil
8.5.1.2. Mexico
8.5.1.3. Rest of Latin America
8.5.2. Latin America Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Energy Source, 2021-2034
8.5.3. Latin America Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
8.5.4. Latin America Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2021-2034
8.6. Middle East & Africa
8.6.1. Middle East & Africa Wind Turbine Rotor Blade Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.6.1.1. GCC Countries
8.6.1.2. Israel
8.6.1.3. South Africa
8.6.1.4. Rest of Middle East and Africa
8.6.2. Middle East & Africa Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Energy Source, 2021-2034
8.6.3. Middle East & Africa Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by Technology, 2021-2034
8.6.4. Middle East & Africa Energy Recovery Technologies Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Schneider Electric SE
9.2.1.1. Business Overview
9.2.1.2. Key Product /Service Overview
9.2.1.3. Financial PerEnd-Userance
9.2.1.4. Geographical Presence
9.2.1.5. Recent Developments with Business Strategy
9.2.2. General Electric Company
9.2.3. Siemens Energy AG
9.2.4. Mitsubishi Heavy Industries, Ltd.
9.2.5. ABB Ltd.
9.2.6. Alfa Laval AB
9.2.7. Exergy International Srl
9.2.8. Ormat Technologies Inc.
9.2.9. Echogen Power Systems Inc.
9.2.10. Dürr AG
Energy Recovery Technologies Market by Energy Source-
· Pressure Differentials
· Waste Heat
· Mechanical Motion
· Exhaust Gases
· Renewable Thermal Sources
Energy Recovery Technologies Market by Technology -
· Organic Rankine Cycle Systems
· Energy Recovery Ventilation Systems
· Waste Heat Recovery Units
· Flywheel Energy Storage
· Pressure Energy Recovery Devices
· Regenerative Braking Systems
· Thermoelectric Generators
Energy Recovery Technologies Market by End User-
· Transportation and Logistics
· Food and Beverage Processing
· Manufacturing and Heavy Industry
· Utilities and Independent Power Producer
· Chemical and Petrochemical
· Construction and Real Estate
Energy Recovery Technologies Market by Region-
North America-
· The US
· Canada
Europe-
· Germany
· The UK
· France
· Italy
· Spain
· Rest of Europe
Asia-Pacific-
· China
· Japan
· India
· South Korea
· Southeast Asia
· Rest of Asia Pacific
Latin America-
· Brazil
· Argentina
· Mexico
· Rest of Latin America
Middle East & Africa-
· GCC Countries
· South Africa
· Rest of the Middle East and Africa