The global ORC industrial waste heat to power market is anticipated to grow at a CAGR of 5.1% during the forecast period. One of the key factors that are boosting the market is the growing demand for clean energy. These energies are zero-emission energy which offers several benefits such as no wastage of energy, no pollution, and government support. All these factors are going to be more effective on the market as most of the governments across the globe making norms for pushing zero emission. For instance, in April 2022, European Commission presented proposals for updating and modernizing the industrial emissions directive, key legislation for helping, preventing, and controlling pollution.
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Based on product, the organic rankine cycles segment is anticipated to grow significantly in the market during the forecast period owing to its technical and economically valuable solutions available, providing higher flexibility, performance, and lower capital costs. It is highly used for creating power from low to medium temperature heat sources within a range of temperatures between 75 to 350°C. Such technology permits for exploitation of low-grade heat that would have been wasted. Several strategic initiatives were taken over the past few years by market players to further grow the market during the forecast period. For instance, in February 2020, Turboden signed an agreement for offering the Meadow Lake Tribal Council (MLTC) of Canada an 8000 kW ORC power generation system, which uses the fuel of sawmill residual woody biomass.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global ORC Industrial Waste Heat to Power Market Report by Segment
By Product
- Steam Rankine Cycle
- Organic Rankine Cycle
- Kalina Cycle
By Application
- Petroleum Refining
- Cement Industry
- Heavy Metal Production
- Chemical Industry
- Others (Glass industry)
Global ORC Industrial Waste Heat to Power Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ORC industrial waste heat to the power market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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