We empower energy transition by offering comprehensive solutions for power and heat generation, oil & gas, industries, and renewable energy, from design to aftermarket services. Our commitment to quality, innovation, and safety is at the core of everything we do.
Our Exhaust Solutions and Machines, caters to a wide range of gas turbine exhaust applications, ranging from industrial to heavy-duty machines. The amount of waste heat that can be recovered from main engines continues to decline due to continual improvement of the fuel efficiency and environmental performance of main engines. We have been improving and developing waste heat recovery systems in accordance with such trends, marking many achievements.
Products and Services
- Boilers
- Boilers – vertical tube
- Dampers
- Economisers
- Exhaust heat recovery systems and HRSGs
- Exhaust silencers
- Generator sets – steam turbine
- Heat exchanger tools
- Heat recovery systems
- Valves
Market Overview
The global waste heat recovery system market size was valued at USD 52.02 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030.
In terms of revenue, the petroleum refinery segment led the waste heat recovery system industry in 2022, accounting a share of 20.8%. The growing focus of petroleum refineries to conserve waste energy and reduce energy costs is anticipated to drive the market in the coming years. Petroleum refining is an energy-intensive industry and waste-heat recovery systems are essential for the same. In addition, oil & gas companies are taking measures to reduce the carbon footprint of their manufacturing facilities.
Waste heat recovery systems deployed in power sector increase the amount of power generated from the plant and enhance the power generation efficiency of the plant. Waste heat recovery systems can be deployed in thermal power plants using coal, gas, and oil as fuel. Waste heat recovery systems are widely used in power plants, especially in combined heat and power (CHP) systems. CHP systems capture waste heat from electricity generation and use it for heating or cooling purposes, thus increasing overall energy efficiency.
