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ORC Waste Heat to Power Market Analysis

  • Report ID: GMI5027
  • Published Date: Feb 2024
  • Report Format: PDF

ORC Waste Heat to Power Market Analysis

The > 1 - 5 MWe segment will grow at a CAGR of more than 13.5% through 2032. Currently, > 1 – 5 MWe capacities hold a significant market share on account of their application in various industries as they can be easily integrated in these industrial sites, which is substantially increasing the product penetration. Moreover, the electricity generated by ORC systems does not produce additional emissions, which is further increasing their adoption across these industries.

Europe ORC Waste Heat to Power Market Size, 2022-2032 (USD Million)

The Europe ORC waste heat to power market is forecasted to exceed USD 4.9 billion by 2032. All European Union (EU) member states are mandated to monitor and assess emissions through the EU's Greenhouse Gas Monitoring Mechanism, which establishes internal reporting regulations in accordance with internationally agreed obligations. Moreover, thermal energy released from numerous industrial processes typically falls within the low temperature range of 400°C to 800°C. This energy can be effectively utilized for industrial applications, greenhouse heating, heating networks, and other purposes, thereby enhancing the overall energy chain efficiency to approximately 100%

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of orc waste heat to power generated USD 5 billion in revenue in 2022 and is poised to exhibit sizable growth at 15.5% gains through 2032 driven by the rising clean energy demand.

The > 10 MWe power output segment is anticipated to grow at an 18% CAGR through 2032 on account of the high efficiency, dependability, and flexibility characteristics.

The Asia Pacific market is estimated to reach more than USD 7 billion by 2032 attributed to the growing concerns pertaining to GHG emissions.

Mitsubishi Heavy Industries, Atlas Copco AB, General Electric, Exergy International SrRankineat Technologies, Kaishan USA, Turboden S.p.a, Alfa Laval, Enorgia, ORCHAN ENERGY AG, INTEC GMK, Triogen, ABB, Enertime, and Elvosolar, a.s., amongst others are the top manufacturers engaged in the industry.

ORC Waste Heat to Power Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 329
  • Countries covered: 22
  • Pages: 250
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