Product Code: 5055
ORC Industrial Waste Heat to Power Market is set to witness massive growth through 2032, primarily owing to the increasing demand for clean energy from various industries worldwide. For instance, in the United States, renewable energy is the fastest-growing source of energy, which increased by 42% between 2010 and 2020. Besides, after adding a whopping 256 GW of power capacity, renewable energy also made up 29% of country's total electricity generation in 2020.
In addition, key providers in the ORC industrial waste heat to power market are also seeking to gain a better foothold in the market by expanding their portfolio and engaging in meaningful acquisitions and mergers. To cite an instance, in September 2022, Transitional Energy and ElectraTherm announced entering a partnership, which will be focused on the conversion of heat waste into power, in the oil and gas industry. Transitional Energy claims that the collaboration will bring respite to energy security and also reduce emissions.
Overall, the ORC industrial waste heat to power market is bifurcated in terms of application and region.
On the basis of application, the market is likely to be characterized by the cement segment, which will grow at more than 11% CAGR through 2032. The tariff on electricity is steadily rising across the globe, which along with the immense potential for heat recovery will result in the segmental expansion during the upcoming decade. For instance, the tariff cap on electricity in the United Kingdom had risen by 179% between January 2022 to August 2022.
In the regional context, the North America ORC industrial waste heat to power market recorded an installed capacity of more than 165 MW in 2022. The regional market expansion can be attributed to the increasing requirement for onsite power generation and a positive outlook toward the industrial sector. Moreover, companies operating in the region are engaging in strategic effort to gain a competitive advantage.
For instance, in July 2022, Kanin Energy and Tallgrass announced collectively developing four waste heat to power clean energy projects. While three of them will be in Ohio, the remaining one will be in Indiana, and these power projects will be operational from 2024. Besides, they will generate around 410,000 MWh of electricity each year, providing a clean power supply to 38,000 houses in the country.
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 industrial waste heat to power industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Application trends
- 2.1.3 Regional trends
Chapter 3 ORC Industrial 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 Waste Heat to Power Investment Tax Credit Act
- 3.2.3 U.S. Environmental Protection Agency
- 3.2.4 Europe
- 3.2.4.1 Waste Framework Directive (2008/98/EC)
- 3.2.4.2 Landfill Directive (1999/31/EC)
- 3.2.4.3 The Waste Incineration Directive (2000/76/EC) (Industrial Emissions Directives)
- 3.2.4.4 The Waste Framework Directive
- 3.2.4.5 The Waste Incineration Directive
- 3.2.4.6 The Landfill Directive
- 3.2.4.7 The Renewable Energy Directive
- 3.2.4.8 The Energy Efficiency Directive/Cogeneration Directive
- 3.2.4.9 UN Sustainable Development Goals (SDGs)
- 3.2.4.10 Ambient Air Quality Legislations
- 3.2.5 China
- 3.2.5.1 The 13th Five-Year Plan (2016-2020)
- 3.2.6 India
- 3.2.7 Japan
- 3.2.8 South Korea
- 3.2.9 Indonesia
- 3.2.9.1 Municipal Solid Waste law
- 3.2.9.2 National Industrial Policy and Environmental Protection and Management law
- 3.2.10 UAE
- 3.3 Price trend analysis
- 3.4 Industry impact forces
- 3.4.1 Growth drivers
- 3.4.1.1 Stringent emission norms
- 3.4.1.2 Robust industrial sector growth
- 3.4.1.3 Increasing demand for clean energy
- 3.4.2 Industry pitfalls & challenges
- 3.4.2.1 High initial investment and lack of grid infrastructure
- 3.5 Growth potential analysis
- 3.6 Porter's Analysis
- 3.6.1 Bargaining power of suppliers
- 3.6.2 Bargaining power of buyers
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.7 PESTEL Analysis
- 3.8 COVID- 19 impact on the industry outlook
Chapter 4 Competitive Landscape, 2022
- 4.1 Innovation & sustainability landscape
- 4.1.1 Mitsubishi Heavy Industries
- 4.1.2 Dürr Group
- 4.1.3 Alfa Laval
- 4.1.4 General Electric
- 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
- 4.2.1.3 Climeon
- 4.2.1.3.1 Contract
- 4.2.1.3.2 Technology launch
- 4.2.1.4 Mitsubishi Heavy Industries
- 4.2.1.4.1 Expansion
- 4.2.1.4.2 Contract
- 4.2.1.5 Siemens Energy
- 4.2.1.6 Turboden S.p.A
- 4.2.1.6.1 Project
- 4.2.1.6.2 Project expansion
- 4.2.1.6.3 Development
- 4.2.1.7 Dürr Group
- 4.2.1.8 IHI Corporation
Chapter 5 ORC Industrial Waste Heat To Power Market, By Application
- 5.1 Key application trends
- 5.2 Oil & gas
- 5.2.1 Global market from oil & gas, 2019 - 2032
- 5.2.2 Global market from oil & gas, by region, 2019 - 2032
- 5.3 Cement
- 5.3.1 Global market from cement, 2019 - 2032
- 5.3.2 Global market from cement, by region, 2019 - 2032
- 5.4 Glass
- 5.4.1 Global market from glass, 2019 - 2032
- 5.4.2 Global market from glass, by region, 2019 - 2032
- 5.5 Steel & metals
- 5.5.1 Global market from steel & metals, 2019 - 2032
- 5.5.2 Global market from steel & metals, by region, 2019 - 2032
- 5.6 Others
- 5.6.1 Global market from others, 2019 - 2032
- 5.6.2 Global market from others, by region, 2019 - 2032
Chapter 6 ORC Industrial 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 application, 2019 - 2032
- 6.2.3 U.S.
- 6.2.3.1 U.S. market, 2019 - 2032
- 6.2.3.2 U.S. market by application, 2019 - 2032
- 6.2.4 Canada
- 6.2.4.1 Canada market, 2019 - 2032
- 6.2.4.2 Canada market by application, 2019 - 2032
- 6.2.5 Mexico
- 6.2.5.1 Mexico market, 2019 - 2032
- 6.2.5.2 Mexico market by application, 2019 - 2032
- 6.3 Europe
- 6.3.1 Europe market, 2019 - 2032
- 6.3.2 Europe market by application, 2019 - 2032
- 6.3.3 Turkey
- 6.3.3.1 Turkey market, 2019 - 2032
- 6.3.3.2 Turkey market by application, 2019 - 2032
- 6.3.4 Germany
- 6.3.4.1 Germany market, 2019 - 2032
- 6.3.4.2 Germany market by application, 2019 - 2032
- 6.3.5 Italy
- 6.3.5.1 Italy market, 2019 - 2032
- 6.3.5.2 Italy market by application, 2019 - 2032
- 6.3.6 Russia
- 6.3.6.1 Russia market, 2019 - 2032
- 6.3.6.2 Russia market by application, 2019 - 2032
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific market, 2019 - 2032
- 6.4.2 Asia Pacific market by application, 2019 - 2032
- 6.4.3 China
- 6.4.3.1 China market, 2019 - 2032
- 6.4.3.2 China market by application, 2019 - 2032
- 6.4.4 Thailand
- 6.4.4.1 Thailand market, 2019 - 2032
- 6.4.4.2 Thailand market by application, 2019 - 2032
- 6.4.5 Brunei
- 6.4.5.1 Brunei market, 2019 - 2032
- 6.4.5.2 Brunei market by application, 2019 - 2032
- 6.5 Rest of World
- 6.5.1 Rest of World market, 2019 - 2032
- 6.5.2 Rest of World market by application, 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 DURR Group
- 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 Siemens
- 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 IHI Corporation
- 7.4.1 Business Overview
- 7.4.2 Financial Data
- 7.4.3 Product Landscape
- 7.4.4 SWOT analysis
- 7.5 Mitsubishi Heavy Industries, Ltd.
- 7.5.1 Business Overview
- 7.5.2 Financial Data
- 7.5.3 Product Landscape
- 7.5.4 Strategic Outlook
- 7.5.5 SWOT Analysis
- 7.6 Ormat Technologies
- 7.6.1 Business Overview
- 7.6.2 Financial Data
- 7.6.3 Product Landscape
- 7.6.4 SWOT Analysis
- 7.7 Exergy International Srl
- 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 Climeon
- 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 AURA
- 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 BIHL
- 7.10.1 Business Overview
- 7.10.2 Financial Data
- 7.10.3 Product Landscape
- 7.10.4 SWOT Analysis
- 7.11 Kaishan USA
- 7.11.1 Business Overview
- 7.11.2 Financial Data
- 7.11.3 Product Landscape
- 7.11.4 SWOT Analysis
- 7.12 ALFA LAVAL
- 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 Turboden S.p.A
- 7.13.1 Business Overview
- 7.13.2 Financial Data
- 7.13.3 Product landscape
- 7.13.4 Strategic Outlook
- 7.13.5 SWOT Analysis
- 7.14 TransPacific Energy (TPE)
- 7.14.1 Business Overview
- 7.14.2 Financial Data
- 7.14.3 Product Landscape
- 7.14.4 SWOT Analysis
- 7.15 Strebl Energy
- 7.15.1 Business Overview
- 7.15.2 Financial Data
- 7.15.3 Product Landscape
- 7.15.4 SWOT Analysis
- 7.16 Calnetix Technologies, LLC
- 7.16.1 Business Overview
- 7.16.2 Financial Data
- 7.16.3 Product Landscape
- 7.16.4 SWOT Analysis