Europe ORC Waste Heat To Power Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 3.3 Billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030.
The ORC Waste Heat To Power (WHP) market in Europe has emerged as a crucial component in the energy landscape, addressing the growing demand for sustainable and efficient power generation. With industries continuously seeking ways to reduce carbon footprints and increase operational efficiency, the ORC (Organic Rankine Cycle) technology has proven to be a game-changer. This system converts low-grade waste heat into usable electricity, offering a significant opportunity for industries to utilize their excess heat, which would otherwise be wasted. The market is growing rapidly as various sectors, including manufacturing, chemical, and energy production, seek to capitalize on this technology.
Europe, with its strong emphasis on green energy and decarbonization, has seen an increasing adoption of ORC-based waste heat recovery systems. The region's stringent environmental regulations and policies encourage industries to adopt innovative solutions that reduce energy consumption and lower greenhouse gas emissions. The ORC Waste Heat To Power Market is expected to witness significant growth in the coming years as industries look to comply with these regulations while optimizing energy efficiency.
Industries are increasingly recognizing the need for cost-effective, reliable, and environmentally friendly technologies. In particular, the manufacturing and chemical industries are among the largest consumers of energy, making them prime candidates for the ORC Waste Heat To Power solutions. By capturing and converting waste heat from processes such as cooling, steam generation, or exhaust gases, these industries can reduce their reliance on external energy sources, leading to substantial cost savings and improved sustainability.
Additionally, the growing awareness of energy recovery’s potential in sectors like food processing, cement, and glass manufacturing has further boosted the ORC Waste Heat To Power market. Companies in these industries face rising energy costs, making waste heat recovery an attractive solution. The flexibility of ORC technology, which can work efficiently with a wide range of temperature levels and various waste heat sources, provides industries with a tailored solution to their unique energy challenges.
The need for reliable waste heat recovery systems continues to drive the demand for ORC Waste Heat To Power technology. As industries strive for higher efficiency and sustainability, the market for ORC systems is expected to expand significantly in Europe, offering a promising future for both manufacturers and end-users.
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Alfa Laval
Durr
EON Energy
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
and IHI Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe ORC Waste Heat To Power Market
Industrial Waste Heat Recovery
Commercial Waste Heat Recovery
Municipal Waste Heat Recovery
Power Generation from Waste Heat
Organic Rankine Cycle (ORC)
Kalina Cycle
Steam Rankine Cycle
Combined Heat and Power (CHP)
Geothermal
Industrial Waste Heat
Solar Thermal
Combined Heat and Power (CHP)
Biomass
Manufacturing and Industrial Sector
Energy Generation and Utilities
Chemical and Petrochemical
Food and Beverage
Automotive
Low Capacity (Up to 1 MW)
Medium Capacity (1 MW - 5 MW)
High Capacity (Above 5 MW)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe ORC Waste Heat To Power Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe ORC Waste Heat To Power Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe ORC Waste Heat To Power Market, By Type
6. Europe ORC Waste Heat To Power Market, By Application
7. Europe ORC Waste Heat To Power Market, By Geography
Europe
Germany
UK
France
8. Europe ORC Waste Heat To Power Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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