Exhaust Heat Recovery System Market (USD 30.29 Billion Valuation): Key Trends and Analysis
The Global Exhaust Heat Recovery System Market is on a robust growth trajectory, driven by advancements in energy efficiency technologies, stringent emission standards, and sustainability goals. According to a report by TechSci Research, this market was valued at USD 30.29 billion in 2023 and is projected to reach USD 44.70 billion by 2029 , with a compound annual growth rate (CAGR) of 6.77% during the forecast period. This report provides a comprehensive analysis of market drivers, applications, regional dynamics, and major players shaping the industry. Overview of Exhaust Heat Recovery Systems (EHRS) Exhaust Heat Recovery Systems (EHRS) are systems that capture waste heat from exhaust gases produced by internal combustion engines and industrial processes. These systems repurpose this waste heat to generate power, heat, or other forms of energy, thereby reducing the energy demands of primary systems and minimizing greenhouse gas emissions...