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ORC Industrial Waste Heat to Power Market Share

Report ID: GMI5055
Published Date: Jan 2023
Report Format: PDF

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ORC Industrial Waste Heat to Power Market Share

Some of the leading companies in the global ORC industrial waste heat to power market include

General Electric
DÜRR Group
Siemens
IHI Corporation
Mitsubishi Heavy Industries, Ltd.
Ormat Technologies
Exergy International Srl
Climeon
AURA
BIHL
Kaishan USA
ALFA LAVAL
Turboden S.p.A
TransPacific Energy (TPE)
Strebl Energy
Calnetix Technologies, LLC

These firms are focusing on the development of novel technologies for enhancing product capabilities. For instance, in September 2022, Mitsubishi Heavy Industries designed a binary power generation system featuring organic Rankine cycle technology capable of converting waste heat into usable energy.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of ORC industrial waste heat to power crossed USD 3.5 billion in 2022 and is anticipated to exhibit over 12.5% gains through 2032.

The steel & metal application segment is predicted to observe nearly 12% CAGR between 2023 and 2032 driving by the increasing steel production in countries such as the U.S.

The Asia Pacific market size is poised to surpass USD 5 billion by 2032 owing to the presence of strict CO2 emission norms.

General Electric, Siemens, Climeon, AURA, BIHL, Kaishan USA, ALFA LAVAL, and Calnetix Technologies, LLC. are some of the leading players in the industry.