Organic Rankine Cycle (ORC) Waste Heat to Power Market Trends: Growth, Share, Value, Size, Industry Analsis and Forecast by 2031

"Organic Rankine Cycle (ORC) Waste Heat to Power Market Size And Forecast by 2031

Data Bridge Market Research analyses that the Global Organic Rankine Cycle (ORC) Waste Heat to Power Market which was USD 2217035.39 Million in 2023 is expected to reach USD 4289545 Thousand by 2031 and is expected to undergo a CAGR of 8.60% during the forecast period of 2023 to 2031

Explore Further Details about This Research Organic Rankine Cycle (ORC) Waste Heat to Power Market Report https://www.databridgemarketresearch.com/reports/global-organic-rankine-cycle-orc-waste-heat-to-power-market

**Segments**

- Based on the capacity, the Organic Rankine Cycle (ORC) waste heat to power market can be segmented into up to 5 MW, 5-20 MW, 20-40 MW, and above 40 MW. The up to 5 MW segment is expected to witness significant growth due to the rising demand for small-scale ORC systems in various industries such as chemical, food processing, and paper & pulp.
- By the end user, the market is categorized into industrial, commercial, and residential sectors. The industrial segment holds the largest market share as industries are increasingly adopting ORC waste heat to power systems to enhance energy efficiency and reduce operational costs.
- On the basis of application, the ORC waste heat to power market is divided into biomass plants, geothermal plants, industrial processes, and others. The biomass plants segment is expected to show substantial growth owing to the increasing emphasis on renewable energy sources and the need to reduce carbon emissions.

**Market Players**

- Siemens AG
- General Electric
- Mitsubishi Heavy Industries, Ltd.
- Ormat Technologies, Inc.
- Alstom
- Enogia SAS
- ABB
- Kalina Power
- Exergy
- TURBODEN S.p.A.

The global ORC waste heat to power market is highly competitive with the presence of several prominent players. These companies are focusing on research and development activities to enhance their product offerings and gain a competitive edge in the market. Partnerships, mergers, and acquisitions are also common strategies adopted by market players to expand their market presence and increase their customer base.

The Organic Rankine Cycle (ORC) waste heat to power market is experiencing significant growth driven by various factors such as the rising demand for small-scale ORC systems, the need for energy efficiency in industries, and the focus on renewable energy sources to reduce carbon emissions. The segmentation of the market based on capacity, end user, and application provides valuable insights into the key growth areas within the industry. The up to 5 MW segment is expected to witness substantial growth as industries like chemical, food processing, and paper & pulp increasingly adopt ORC systems for their energy needs. The industrial sector holds a significant market share as businesses seek to improve energy efficiency and reduce operational costs through ORC waste heat to power solutions. The application segments, particularly biomass plants, are projected to show notable growth due to the global emphasis on renewable energy sources and sustainability.

In the competitive landscape of the ORC waste heat to power market, several key players like Siemens AG, General Electric, and Mitsubishi Heavy Industries, Ltd., among others, are leading the way with their innovative product offerings and strategic initiatives. Research and development activities play a crucial role in the market as companies continuously strive to enhance their technology and stay ahead of the competition. Partnerships, mergers, and acquisitions are common strategies employed by market players to expand their market presence and cater to a wider customer base. The dynamic nature of the industry and the increasing demand for sustainable energy solutions create opportunities for companies to differentiate themselves and capture a larger market share.

As the global focus on environmental sustainability and energy efficiency intensifies, the ORC waste heat to power market is expected to witness continued growth and evolution. The increasing adoption of ORC systems across various industries and applications signifies a growing recognition of the benefits of waste heat recovery and renewable energy sources. Market players need to stay agile and innovative to capitalize on these opportunities and address the evolving needs of customers in a competitive landscape. By leveraging technological advancements and strategic partnerships, companies can position themselves for success in a rapidly expanding market for ORC waste heat to power solutions.**Segments**

Global Organic Rankine Cycle (ORC) Waste Heat to Power Market, By Size (Small, Medium, and Large), Capacity (Less Than 1000 kW, 1001-4000 kW, 4001-7000 kW, and More than 7000 kW), Model (Steady-State and Dynamic), Application (ICE or Gas Turbine, Waste to Energy, Metal Production, Cement and Lime Industry, Glass Industry, Petroleum Refining, Chemical Industry, Landfill ICE, and Others) - Industry Trends and Forecast to 2031.

The Organic Rankine Cycle (ORC) waste heat to power market offers lucrative opportunities for businesses across various segments including small, medium, and large enterprises. With a focus on capacity ranging from less than 1000 kW to over 7000 kW, the market caters to a wide range of energy needs in different industries. The model differentiation between steady-state and dynamic systems provides flexibility and customization options for end users looking to optimize their waste heat conversion processes. In terms of applications, the market covers a diverse range from ICE or gas turbine systems to sectors like waste to energy, metal production, and more, reflecting the versatility and adaptability of ORC technology to various industrial requirements.

**Market Players**

- MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan)
- Kaishan USA (U.S.)
- Strebl Energy Pte Ltd (Singapore)
- ORCAN ENERGY AG (Switzerland)
- ALFA LAVAL (Sweden)
- Fujian Snowman Co., Ltd. (China)
- Ormat (U.S.)
- Rank (U.K.)
- TMEIC (Japan)
- Triogen (Netherlands)
- ABB (Switzerland)
- Siemens Energy (Germany)
- Dürr Group (Germany)
- ElectraTherm Inc. (U.S.)
- Enerbasque (Spain)
- Enertime (France)
- Enogia (France)
- EXERGY (Italy)
- CLIMEON (Sweden)
- INTEC Engineering GmbH (Germany)
- Zuccato Energia srl. (Italy)
- Opel Energy Systems Pvt. Ltd. (India)
- Corycos Group (Greece)
- CTMI - Steam Turbines (India)
- BorgWarner Inc. (U.S.)

The global ORC waste heat to power market is populated with a diverse array of market players who are driving innovation and sustainable practices in energy generation. Companies like Mitsubishi Heavy Industries, Ltd., Siemens Energy, and ABB are spearheading advancements in ORC technology with a focus on efficiency and environmental impact. Collaboration and partnerships with organizations such as ORCAN ENERGY AG and ALFA LAVAL are instrumental in driving research and development efforts to bring cutting-edge solutions to the market. The presence of key players from various countries like Sweden, Switzerland, and the U.S. underscores the global nature of the ORC waste heat to power market, with each company contributing unique expertise and capabilities to meet the evolving demands of industries worldwide.

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