An economizer is a well-engineered device for heat recovery and efficiency maximizing.

Wikipedia definition:

Economizers (US and Oxford spelling), or economisers (UK), are mechanical devices intended to reduce energy consumption, or to perform useful function such as preheating a fluid. The term economizer is used for other purposes as well. Boiler, power plant, heating, Refrigeration, ventilating, and air conditioning (HVAC) uses are discussed in this article. In simple terms, an economizer is a heat exchanger.

Source: Wikipedia - Economizer

Broader terms

waste heat recovery