ORC Industrial Waste Heat to Power Market Size, 2025, Impressive Industry Growth Report 2031

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.

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Market Coverage

• Segment Covered- 

o             By Product

o             By Application

• Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

• Competitive Landscape- IHI Corp., Mitsubishi Heavy Industries, Ltd., Turboden S.p.A., Siemens AG, and General Electric Co.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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