Product Code: 5027
Global Organic Rankine Cycle (ORC) Waste Heat to Power Market is expected to grow positively through 2032 owing to the strong product demand within the manufacturing industry.
Some of the important energy-intensive industries (EIIs) with significant potential for waste heat recovery include cement, pulp and paper, fertilizers and petrochemicals, steel and iron production, as well as textiles. Government expenditure on infrastructure investment and favorable regulations in developing markets have fueled the expansion of EIIs.
Manufacturers have been concentrating on hefty investments to improve production capacity given the expanding need for the organic rankine cycle (ORC) in the waste heat recovery, geothermal, biomass, and oil & gas, and solar thermal sectors.
Leading companies in the market are investing in infrastructural development in emerging nations to grow their presence globally. For instance, in February 2021, Turboden and Siemens Energy updated a high-performance gas station at GASCO in Dahshour, Egypt. The 28 MWe Natural Rankine Cycle plan was paired with Electrical Motor Driven Trains operating in island mode to construct the Dahshour station, which has a pressure limitation of 25% and requires almost no extra energy.
The ORC waste heat to power market has been divided in terms of power output and region.
Based on power output, the ≤ 1 MWe segment held more than 26% market share in 2022. The lack of additional emissions from the electricity provided by ORC systems is further boosting their acceptance in geothermal, biomass, solar thermal, and O&G sectors.
Meanwhile, the > 1 - 5 MWe segment is slated to expand substantially through the forecast period. These systems are used in many industries, including oil and gas, waste to energy, and waste heat to power, among many others, owing to their ease of deployment in industrial sites.
From the regional perspective, the Europe ORC waste heat to power industry is anticipated to grow at over 16% CAGR between 2023 to 2032. The adoption of various standards for energy efficiency and attempts to reduce the GHG emissions from the major economic sectors are expected to lead to a significant increase in the regional ORC waste heat to power market valuation. According to a report by the World Economic Forum, the European Commission has committed to reducing the GHG emissions from the EU to 50% by 2030, producing 'net-zero' emissions by 2050.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope and definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 ORC waste heat to power industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Power output trends
- 2.1.3 Regional trends
Chapter 3 ORC Waste Heat to Power Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.2.1 U.S.
- 3.2.1.1 Clean Air Act
- 3.2.1.2 National Ambient Air Quality Standards (NAAQS)
- 3.2.2 Canada
- 3.2.3 Europe
- 3.2.3.1 Regional Heating Policies
- 3.2.3.2 Ambient Air Quality Legislation
- 3.2.4 China
- 3.2.4.1 The 13th Five-Year Plan (2016-2020)
- 3.2.4.2 The 14th Five-Year Plan (2020-2025)
- 3.2.5 Brazil, Germany, and UK
- 3.2.6 Spain
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Robust growth in the manufacturing sector
- 3.3.1.2 Stringent emission norms
- 3.3.1.3 Increasing clean energy demand
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 Availability of other alternative technologies
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL Analysis
- 3.7 COVID- 19 impact on the industry outlook
Chapter 4 Competitive Benchmarking
- 4.1 Innovation and technology landscape
- 4.1.1 Mitsubishi Heavy Industries
- 4.1.2 Orcan Energy AG
- 4.1.3 Alfa Laval
- 4.1.4 General Electric
- 4.1.5 ABB
- 4.2 Competitive landscape, 2022
- 4.2.1 Strategy dashboard
- 4.2.1.1 Alfa Laval
- 4.2.1.1.1 Product launch
- 4.2.1.1.2 Agreement
- 4.2.1.2 Exergy International Srl
- 4.2.1.2.1 Agreement
- 4.2.1.2.2 Contract
- 4.2.1.2.3 Partnership
- 4.2.1.3 Mitsubishi Heavy Industries
- 4.2.1.4 Turboden S.p.A
- 4.2.1.4.1 Contract
- 4.2.1.4.2 Project
- 4.2.1.4.3 Project expansion
- 4.2.1.4.4 Development
- 4.2.1.4.5 Contract
- 4.2.1.5 Enogia
- 4.2.1.5.1 Contract
- 4.2.1.5.2 Agreement
- 4.2.1.6 Triogen
- 4.2.1.7 Orcan Energy AG
- 4.2.1.7.1 Expansion
- 4.2.1.7.2 Agreement
- 4.2.1.8 Enertime
- 4.2.1.8.1 Partnership
- 4.2.1.8.2 Project
Chapter 5 ORC Waste Heat to Power Market, By Power Output
- 5.1 Key power output trends
- 5.2 ≤ 1 MWe
- 5.2.1 Global market from ≤ 1 MWe, 2019 - 2032
- 5.2.2 Global market from ≤ 1 MWe, by region, 2019 - 2032
- 5.3 > 1 - 5 MWe
- 5.3.1 Global market from > 1 - 5 MWe, 2019 - 2032
- 5.3.2 Global market from > 1 - 5 MWe, by region, 2019 - 2032
- 5.4 > 5 - 10 MWe
- 5.4.1 Global market from > 5 - 10 MWe, 2019 - 2032
- 5.4.2 Global market from > 5 - 10 MWe, by region, 2019 - 2032
- 5.5 > 10 MWe
- 5.5.1 Global market from > 10 MWe, 2019 - 2032
- 5.5.2 Global market from > 10 MWe, by region, 2019 - 2032
Chapter 6 ORC waste heat to power Market, By Region
- 6.1 Key regional trends
- 6.2 North America
- 6.2.1 North America market, 2019 - 2032
- 6.2.2 North America market by power output, 2019 - 2032
- 6.2.3 U.S.
- 6.2.3.1 U.S. market, 2019 - 2032
- 6.2.3.2 U.S. market by power output, 2019 - 2032
- 6.2.4 Canada
- 6.2.4.1 Canada market, 2019 - 2032
- 6.2.4.2 Canada market by power output, 2019 - 2032
- 6.2.5 Mexico
- 6.2.5.1 Mexico market, 2019 - 2032
- 6.2.5.2 Mexico market by power output, 2019 - 2032
- 6.3 Europe
- 6.3.1 Europe market, 2019 - 2032
- 6.3.2 Europe market by power output, 2019 - 2032
- 6.3.3 Germany
- 6.3.3.1 Germany market, 2019 - 2032
- 6.3.3.2 Germany market by power output, 2019 - 2032
- 6.3.4 UK
- 6.3.4.1 UK market, 2019 - 2032
- 6.3.4.2 UK market by power output, 2019 - 2032
- 6.3.5 Italy
- 6.3.5.1 Italy market, 2019 - 2032
- 6.3.5.2 Italy market by power output, 2019 - 2032
- 6.3.6 France
- 6.3.6.1 France market, 2019 - 2032
- 6.3.6.2 France market by power output, 2019 - 2032
- 6.3.7 Belgium
- 6.3.7.1 Belgium market, 2019 - 2032
- 6.3.7.2 Belgium market by power output, 2019 - 2032
- 6.3.8 Spain
- 6.3.8.1 Spain market, 2019 - 2032
- 6.3.8.2 Spain market by power output, 2019 - 2032
- 6.3.9 Russia
- 6.3.9.1 Russia market, 2019 - 2032
- 6.3.9.2 Russia market by power output, 2019 - 2032
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific market, 2019 - 2032
- 6.4.2 Asia Pacific market by power output, 2019 - 2032
- 6.4.3 China
- 6.4.3.1 China market, 2019 - 2032
- 6.4.3.2 China market by power output, 2019 - 2032
- 6.4.4 Australia
- 6.4.4.1 Australia market, 2019 - 2032
- 6.4.4.2 Australia market by power output, 2019 - 2032
- 6.4.5 India
- 6.4.5.1 India market, 2019 - 2032
- 6.4.5.2 India market by power output, 2019 - 2032
- 6.4.6 Japan
- 6.4.6.1 Japan market, 2019 - 2032
- 6.4.6.2 Japan market by power output, 2019 - 2032
- 6.4.7 South Korea
- 6.4.7.1 South Korea market, 2019 - 2032
- 6.4.7.2 South Korea market by power output, 2019 - 2032
- 6.4.8 Philippines
- 6.4.8.1 Philippines market, 2019 - 2032
- 6.4.8.2 Philippines market by power output, 2019 - 2032
- 6.4.9 Thailand
- 6.4.9.1 Thailand market, 2019 - 2032
- 6.4.9.2 Thailand market by power output, 2019 - 2032
- 6.4.10 Vietnam
- 6.4.10.1 Vietnam market, 2019 - 2032
- 6.4.10.2 Vietnam market by power output, 2019 - 2032
- 6.5 Middle East & Africa
- 6.5.1 Middle East & Africa market, 2019 - 2032
- 6.5.2 Middle East & Africa market by power output, 2019 - 2032
- 6.5.3 UAE
- 6.5.3.1 UAE market, 2019 - 2032
- 6.5.3.2 UAE market by power output, 2019 - 2032
- 6.5.4 Saudi Arabia
- 6.5.4.1 Saudi Arabia market, 2019 - 2032
- 6.5.4.2 Saudi Arabia market by power output, 2019 - 2032
- 6.5.5 South Africa
- 6.5.5.1 South Africa market, 2019 - 2032
- 6.5.5.2 South Africa market by power output, 2019 - 2032
- 6.6 Latin America
- 6.6.1 Latin America market, 2019 - 2032
- 6.6.2 Latin America market by power output, 2019 - 2032
- 6.6.3 Brazil
- 6.6.3.1 Brazil market, 2019 - 2032
- 6.6.3.2 Brazil market by power output, 2019 - 2032
- 6.6.4 Argentina
- 6.6.4.1 Argentina market, 2019 - 2032
- 6.6.4.2 Argentina market by power output, 2019 - 2032
Chapter 7 Company Profiles
- 7.1 General Electric
- 7.1.1 Business overview
- 7.1.2 Financial data
- 7.1.3 Product landscape
- 7.1.4 Strategic outlook
- 7.1.5 SWOT Analysis
- 7.2 Mitsubishi Heavy Industries, Ltd.
- 7.2.1 Business overview
- 7.2.2 Financial data
- 7.2.3 Product landscape
- 7.2.4 Strategic outlook
- 7.2.5 SWOT Analysis
- 7.3 Exergy International Srl
- 7.3.1 Business overview
- 7.3.2 Financial data
- 7.3.3 Product landscape
- 7.3.4 Strategic outlook
- 7.3.5 SWOT Analysis
- 7.4 Turboden S.p.A
- 7.4.1 Business overview
- 7.4.2 Financial data
- 7.4.3 Product landscape
- 7.4.4 Strategic outlook
- 7.4.5 SWOT Analysis
- 7.5 Calnetix Technologies, LLC
- 7.5.1 Business overview
- 7.5.2 Financial data
- 7.5.3 Product landscape
- 7.5.4 SWOT Analysis
- 7.6 Kaishan USA
- 7.6.1 Business overview
- 7.6.2 Financial data
- 7.6.3 Product landscape
- 7.6.4 SWOT Analysis
- 7.7 ENOGIA
- 7.7.1 Business overview
- 7.7.2 Financial data
- 7.7.3 Product landscape
- 7.7.4 Strategic outlook
- 7.7.5 SWOT Analysis
- 7.8 Triogen
- 7.8.1 Business overview
- 7.8.2 Financial data
- 7.8.3 Product landscape
- 7.8.4 Strategic outlook
- 7.8.5 SWOT Analysis
- 7.9 ABB
- 7.9.1 Business overview
- 7.9.2 Financial data
- 7.9.3 Product landscape
- 7.9.4 Strategic outlook
- 7.9.5 SWOT Analysis
- 7.10 Atlas Copco AB
- 7.10.1 Business overview
- 7.10.2 Financial data
- 7.10.3 Product landscape
- 7.10.4 SWOT Analysis
- 7.11 INTEC GMK
- 7.11.1 Business overview
- 7.11.2 Financial data
- 7.11.3 Product landscape
- 7.11.4 SWOT Analysis
- 7.12 ORCAN ENERGY AG
- 7.12.1 Business overview
- 7.12.2 Financial data
- 7.12.3 Product landscape
- 7.12.4 Strategic outlook
- 7.12.5 SWOT Analysis
- 7.13 Elvosolar, a.s.
- 7.13.1 Business overview
- 7.13.2 Financial data
- 7.13.3 Product landscape
- 7.13.4 SWOT Analysis
- 7.14 Enertime
- 7.14.1 Business overview
- 7.14.2 Financial data
- 7.14.3 Product landscape
- 7.14.4 Strategic outlook
- 7.14.5 SWOT Analysis
- 7.15 Ormat Technologies
- 7.15.1 Business overview
- 7.15.2 Financial data
- 7.15.3 Product landscape
- 7.15.4 SWOT Analysis
- 7.16 ALFA LAVAL
- 7.16.1 Business overview
- 7.16.2 Financial data
- 7.16.3 Product landscape
- 7.16.4 Strategic outlook
- 7.16.5 SWOT Analysis