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ORC Waste Heat to Power Market Size

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

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ORC Waste Heat to Power Market Size

ORC Waste Heat to Power Market was valued at USD 2.89 billion in 2023 and is estimated to expand over 14.5% CAGR between 2024 and 2032. In recent years, there has been a notable shift in the industry towards harnessing dependable medium and low temperature heat sources for power generation. This trend encompasses various sources such as biomass, geothermal energy, and solar power. Organic Rankine Cycle (ORC) systems are extensively employed in electricity production by capturing heat from biomass combustion and geothermal energy.

 

ORC Waste Heat to Power Market

Continued economic expansion and swift industrialization in pivotal nations are poised to propel the business growth. The implementation of stringent emission regulations aimed at curbing CO2 emissions, alongside the increasing adoption of biomass and geothermal units, will further bolster the industry's potential.

 

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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