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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These updated rules are aimed to support the necessity of industrial investments for Europe’s transformation towards a zero-pollution, climate-neutral, competitive economy by 2050. They aimed to spur reward frontrunners, and innovation, and to support level the playing field in the EU market. Such norms are showing the future acceptability of an industry that has increased the demand for ORC industrial waste heat to power solutions. The solution offers zero-emission energy which makes it fuel efficient as well. For instance, in February 2021, in Alberta, Canada’s TC Energy and Siemens Energy signed a contract for building a first-of-its-kind waste heat-to-power facility. The plant has the capability of capturing waste heat from a gas-fired turbine at a station of pipeline compression and converting it into a power of emissions-free. Such feed the grid facility has generated energy. This is to offsetting 44,000t of greenhouse gases and power more than 10,000 homes annually.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Product
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- IHI Corp., Mitsubishi Heavy Industries, Ltd., Turboden S.p.A., Siemens AG, and General Electric Co.
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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)
ORC Industrial Waste Heat to Power Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AURA GmbH & Co. KG
- Boustead International Heaters Ltd.
- Climeon AB
- Dürr Aktiengesellschaft
- Kaishan USA
- Strebl Energy Pte Ltd
- TransPacific Energy, Inc.
- TURBODEN S.p.A.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
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