United States ORC Waste Heat To Power Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
The U.S. ORC Waste Heat To Power Market is rapidly growing as industries continue to prioritize energy efficiency and environmental sustainability. The ORC (Organic Rankine Cycle) technology allows industries to convert low-grade waste heat into usable electricity. This process is not only eco-friendly but also cost-effective, enabling businesses to tap into energy that would otherwise go unused. With increasing regulatory pressures and demand for green energy solutions, industries across sectors are looking to integrate waste heat recovery systems.
In the U.S., the ORC Waste Heat To Power Market has gained traction in sectors such as manufacturing, chemical processing, and industrial plants. Many of these industries produce significant amounts of waste heat during their operations. Instead of letting this heat dissipate into the environment, companies are now adopting ORC systems to harness it and turn it into valuable power. This transition is driven by the rising cost of energy and the need for companies to comply with stricter environmental regulations.
One of the key drivers for the ORC Waste Heat To Power Market is the growing demand for energy efficiency. Industries are under increasing pressure to reduce their carbon footprint and minimize energy consumption. ORC systems help achieve this by utilizing waste heat and converting it into usable electricity, significantly reducing reliance on external energy sources. Additionally, many industries are incentivized by government subsidies and tax credits for adopting green technologies, making ORC systems an attractive investment.
The ORC Waste Heat To Power Market is also seeing a rise in technological advancements. Companies are developing more efficient and cost-effective ORC systems that can be easily integrated into existing infrastructure. These improvements are making the technology more accessible to a wider range of industries, further driving market growth. Moreover, as industries continue to innovate and adopt new methods of waste heat recovery, the potential for ORC systems to revolutionize energy usage in the U.S. is immense.
In conclusion, industries are increasingly turning to ORC Waste Heat To Power systems as a solution to rising energy costs, environmental regulations, and the need for greater sustainability. As technology advances and more sectors realize the benefits, the market for ORC systems in the U.S. will continue to expand, providing valuable opportunities for energy efficiency and cost savings.
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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
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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 US 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)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US 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. US ORC Waste Heat To Power Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US ORC Waste Heat To Power Market, By Type
6. US ORC Waste Heat To Power Market, By Application
7. US ORC Waste Heat To Power Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US ORC Waste Heat To Power Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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