Brazil Waste Heat Recovery System Market Size & Outlook
Related Markets
Brazil waste heat recovery system market highlights
- The Brazil waste heat recovery system market generated a revenue of USD 2,551.0 million in 2023 and is expected to reach USD 4,395.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, petroleum refinery was the largest revenue generating end user in 2023.
- Cement is the most lucrative end user segment registering the fastest growth during the forecast period.
Waste heat recovery system market data book summary
| Market revenue in 2023 | USD 2,551.0 million |
| Market revenue in 2030 | USD 4,395.1 million |
| Growth rate | 8.1% (CAGR from 2024 to 2030) |
| Largest segment | Petroleum refinery |
| Fastest growing segment | Cement |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Petroleum Refinery, Chemical, Cement, Metal Production & Casting, Paper & Pulp, Power |
| Key market players worldwide | Siemens Energy AG Ordinary Shares, Mitsubishi Corp, GE Aerospace, ABB Ltd, Terna SpA, IHI Corp, Molson Coors Beverage Co Class A |
Other key industry trends
- In terms of revenue, Brazil accounted for 4.6% of the global waste heat recovery system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil waste heat recovery system market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 4,395.1 million by 2030.
Petroleum refinery was the largest segment with a revenue share of 21.06% in 2023. Horizon Databook has segmented the Brazil waste heat recovery system market based on petroleum refinery, chemical, cement, metal production & casting, paper & pulp, power covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil emerged as the largest waste-heat recovery system market in Central & South America in 2023. Waste heat recovery systems are popular in Brazil as compared to other South American countries. Growing infrastructure and a rise in the number of manufacturing facilities in Brazil are creating opportunities for the adoption of waste heat recovery systems for efficient use of waste and reduction of greenhouse gases.
Brazil last updated its NDC in March 2022, highlighting its target to cut 37% of GHG emissions by 2025 and 50% of GHG emissions by 2030 compared to 2005. As part of its commitment, Brazil has set a long-term goal of becoming climate-neutral by 2050 (as opposed to 2060 in the 2020 NDC).
A large number of pulp & paper, cement manufacturing, and oil refineries in the country are also expected to emerge as major end users for waste heat recovery systems market in the forecast period. As a result, companies in these industrial sectors are shifting toward a low-carbon footprint in their operations.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Waste Heat Recovery System Market Scope
Waste Heat Recovery System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Terna SpA | View profile | 5927 | Viale Egidio Galbani, 70, Rome, Italy, 00156 | https://www.terna.it |
| Siemens Energy AG Ordinary Shares | View profile | 97000 | Otto-Hahn-Ring 6, Munich, BY, Germany, 81739 | https://www.siemens-energy.com |
| IHI Corp | View profile | 28486 | 1-1, Toyosu 3-chome, Koto-ku, Tokyo, Japan, 135-8710 | http://www.ihi.co.jp |
| Molson Coors Beverage Co Class A | View profile | 16500 | NH353, P.O. Box 4030, Golden, CO, United States, 80401 | https://www.molsoncoors.com |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
Brazil waste heat recovery system market size, by phase system, 2018-2030 (US$M)
Brazil Waste Heat Recovery System Market Outlook Share, 2023 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
