United States Organic Rankine Cycle Waste Heat to Power Market Set for Rapid Growth as Industries Turn Waste into Clean Energy 2025 | Top key players - Micron Technology, SK Hynix, Samsung Electronics.

Market Overview:

The Global Organic Rankine Cycle (ORC) Waste Heat to Power Market is projected to growing at a CAGR of 11.8% during the forecast period (2024-2031).

The Organic Rankine Cycle (ORC) Waste Heat to Power Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Organic Rankine Cycle (ORC) Waste Heat to Power Market involves technologies that convert low- to medium-temperature waste heat from industrial processes, power plants, and renewable sources into electricity. Using organic fluids with lower boiling points, ORC systems improve energy efficiency, reduce emissions, and support sustainable power generation across industries like manufacturing, oil & gas, and geothermal.

Recent Key Developments of United States (U.S):

Continued Market Growth: The US market for ORC waste heat to power continues to expand. Analysts report that North America, particularly the US, is a dominant region, driven by the recognition of waste heat recovery as a means of generating electricity. This growth is supported by a push for decarbonization and government incentives that favor energy efficiency and emissions reduction.

Technological Advancements in Low-Temperature ORCs: A significant trend is the development of more efficient and modular ORC systems, especially those designed to work with low-to-medium temperature heat sources (80-350°C). These innovations are expanding the range of industries that can effectively use ORC technology, including sectors with lower-grade waste heat like industrial manufacturing and chemical processing. The development of high-efficiency ORC systems is making the technology more commercially attractive.

Increased Integration with Industrial IoT: There is a growing trend of integrating advanced control systems and Internet of Things (IoT) technologies with ORC systems. This allows for real-time monitoring and optimization, enhancing efficiency and enabling predictive maintenance. This integration is particularly valuable in large-scale applications like petroleum refining and metal production, where maximizing efficiency is critical.

Policy and Funding Support: Government and public agencies, such as the New York State Energy Research and Development Authority (NYSERDA), are providing cost-share support and competitive funding for heat recovery projects. This includes funding for project assessment and design development for integrating heat recovery systems into existing buildings, with a focus on commercial, industrial, and institutional sectors. This support helps accelerate the adoption of ORC technology.

New Partnerships and Project Announcements: Partnerships are forming to advance waste heat recovery projects. For instance, in July 2025, a large-scale waste heat recovery project was launched at a cement factory in Dotternhausen, involving key players in the energy and manufacturing sectors. These collaborations highlight a movement toward using ORC systems to decarbonize energy-intensive industries.

List of the Key Players in the Organic Rankine Cycle Waste Heat to Power Market:

Turboden S.p. A
Kaishan USA
Siemens AG
Boustead International Heaters
TransPacific Energy Inc.
General Electric
Strebl Energy Pvt Ltd
Mitsubishi Hitachi Power Systems, Ltd.
Climeon AB
IHI Corporation.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Segments Covered in the Organic Rankine Cycle Waste Heat to Power Market:

By Product: Steam Rankine Cycle, Organic Rankine Cycle, Kalina Cycle.

By Application: Petroleum Refining, Cement Industry, Heavy Metal Production, Chemical Industry, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Organic Rankine Cycle Waste Heat to Power market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Organic Rankine Cycle Waste Heat to Power Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Organic Rankine Cycle Waste Heat to Power market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Organic Rankine Cycle Waste Heat to Power Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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