Global Organic Rankine Cycle Orc Waste Heat To Power Market
Market Size in USD Billion
CAGR :
% 
USD
2.41 Billion
USD
4.66 Billion
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 2.41 Billion |
 Market Size (Forecast Year) |
USD 4.66 Billion |
 CAGR |
% |
| Major Markets Players |
|
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), and 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 2032
Organic Rankine Cycle (ORC) Waste Heat to Power Market Size
- The global organic rankine cycle (ORC) waste heat to power market size was valued at USD 2.41 billion in 2024 and is expected to reach USD 4.66 billion by 2032, at a CAGR of 8.60% during the forecast period
- The market growth is primarily driven by increasing demand for energy efficiency, stringent environmental regulations promoting sustainable energy solutions, and advancements in ORC technology enhancing system efficiency and scalability
- In addition, the rising focus on industrial waste heat recovery and the integration of ORC systems in renewable energy applications are significantly boosting market expansion
Organic Rankine Cycle (ORC) Waste Heat to Power Market Analysis
- ORC systems, which convert low-grade waste heat into electrical power, are increasingly critical in industrial and renewable energy applications due to their ability to improve energy efficiency and reduce carbon emissions
- The growing adoption of ORC systems is fueled by rising energy costs, the need for sustainable power generation, and government incentives for waste heat recovery and green energy solutions
- North America dominated the ORC waste heat to power market with the largest revenue share of 38.5% in 2024, driven by advanced industrial infrastructure, supportive government policies, and the presence of key market players
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, propelled by rapid industrialization, increasing energy demand, and investments in sustainable energy technologies in countries such as China and India
- The medium segment dominated the largest market revenue share of 45.0% in 2024, driven by its widespread adoption in industrial applications such as cement, steel, and glass manufacturing, where moderate-scale waste heat recovery systems are optimal for energy efficiency.
Report Scope and Organic Rankine Cycle (ORC) Waste Heat to Power Market Segmentation
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Organic Rankine Cycle (ORC) Waste Heat to Power Key Market Insights |
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Segments Covered |
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Countries Covered |
North America
Europe
Asia-Pacific
Middle East and Africa
South America
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Key Market Players |
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Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework. |
Organic Rankine Cycle (ORC) Waste Heat to Power Market Trends
Increasing Integration of Advanced Control Systems and IoT
- The Global Organic Rankine Cycle (ORC) Waste Heat to Power Market is experiencing a significant trend toward integrating advanced control systems and Internet of Things (IoT) technologies
- These technologies enable real-time monitoring and optimization of ORC systems, providing enhanced efficiency in converting waste heat into electricity
- IoT-enabled ORC systems allow for predictive maintenance by analyzing operational data to detect potential issues before they cause system downtime
- For instances, companies are developing platforms that use IoT to optimize ORC performance in industries such as cement and steel by adjusting system parameters based on real-time heat source fluctuations
- This trend enhances the appeal of ORC systems for industries seeking sustainable energy solutions, particularly in large-scale applications such as metal production and petroleum refining
- Advanced control systems can analyze operational parameters, such as heat source temperature, flow rates, and turbine efficiency, to maximize power output and reduce energy losses
Organic Rankine Cycle (ORC) Waste Heat to Power Market Dynamics
Driver
Rising Demand for Energy Efficiency and Sustainable Power Generation
- The growing emphasis on energy efficiency and carbon-neutral power generation is a major driver for the Global ORC Waste Heat to Power Market
- ORC systems enable industries to convert low- to medium-grade waste heat (80–350°C) from sources such as ICE or gas turbines, waste-to-energy processes, and industrial operations into usable electricity
- Government policies and incentives, particularly in North America, which dominates the market, are promoting the adoption of ORC systems to meet sustainability goals and reduce greenhouse gas emissions
- The proliferation of IoT and advancements in high-speed, low-latency communication technologies, such as 5G, are facilitating the deployment of ORC systems with improved real-time data processing and system control
- Industries, especially in energy-intensive sectors such as cement, lime, and chemical manufacturing, are increasingly adopting ORC systems to meet rising electricity demands while minimizing reliance on fossil fuels
Restraint/Challenge
High Initial Investment and Technical Complexity
- The high upfront costs associated with the installation of ORC systems, including specialized turbines, heat exchangers, and organic fluid procurement, pose a significant barrier to adoption, particularly for small- and medium-sized enterprises
- Integrating ORC systems into existing industrial processes, such as metal production or petroleum refining, can be technically complex and costly, requiring customized engineering solutions
- in addition, concerns about system reliability and maintenance in dynamic operating conditions, such as fluctuating heat sources, present challenges for widespread adoption
- The lack of awareness about ORC technology in some regions, particularly in emerging markets, combined with a fragmented regulatory landscape for waste heat recovery, complicates market expansion
- These factors may deter potential adopters, especially in cost-sensitive markets or regions with limited technical expertise, slowing the growth of the ORC market despite its long-term benefits
Organic Rankine Cycle (ORC) Waste Heat to Power market Scope
The market is segmented on the basis of size, capacity, model, and application.
- By Size
On the basis of size, the global Organic Rankine Cycle (ORC) waste heat to power market is segmented into small, medium, and large. The medium segment dominated the largest market revenue share of 45.0% in 2024, driven by its widespread adoption in industrial applications such as cement, steel, and glass manufacturing, where moderate-scale waste heat recovery systems are optimal for energy efficiency.
The large segment is expected to witness the fastest growth rate of 9.2% from 2025 to 2032, fueled by increasing deployment in heavy industries such as metal production and petroleum refining, where high-capacity ORC systems can efficiently convert substantial waste heat into electricity, aligning with global sustainability goals.
- By Capacity
On the basis of capacity, the global ORC waste heat to power market is segmented into less than 1000 kW, 1001-4000 kW, 4001-7000 kW, and more than 7000 kW. The less than 1000 kW segment dominated the market with a revenue share of 35.0% in 2024, owing to its high reliability, adaptability, and efficiency in smaller-scale installations across industries such as steel and glass.
The more than 7000 kW segment is anticipated to experience the fastest growth rate of 10.1% from 2025 to 2032, driven by the rising demand for large-scale waste heat recovery in energy-intensive industries such as petroleum refining and chemical production, where high-capacity systems maximize energy output and reduce emissions.
- By Model
On the basis of model, the global ORC waste heat to power market is segmented into steady-state and dynamic. The steady-state segment held the largest market revenue share of 60.0% in 2024, attributed to its reliable performance under constant operating conditions, such as fixed heat source temperatures, and its error-free simulation results for industrial applications.
The dynamic segment is expected to witness the fastest growth rate of 9.5% from 2025 to 2032, driven by its ability to adapt to fluctuating heat sources and implement advanced control strategies for transient operations, enhancing efficiency in complex industrial settings.
- By Application
On the basis of application, the global ORC waste heat to power market is segmented into ICE or gas turbine, waste to energy, metal production, cement and lime industry, glass industry, petroleum refining, chemical industry, landfill ICE, and others. The ICE or gas turbine segment dominated the market with a revenue share of 30.0% in 2024, due to its high thermodynamic performance and integration with waste heat recovery systems in power generation.
The petroleum refining segment is anticipated to experience the fastest growth rate of 10.8% from 2025 to 2032, driven by the significant waste heat generated in refining processes and the increasing adoption of ORC technology to convert this heat into valuable electricity, supporting sustainability and cost savings.
Organic Rankine Cycle (ORC) Waste Heat to Power Market Regional Analysis
- North America dominated the ORC waste heat to power market with the largest revenue share of 38.5% in 2024, driven by advanced industrial infrastructure, supportive government policies, and the presence of key market players
- Industries prioritize ORC systems for converting low-grade waste heat into electricity, enhancing energy efficiency, and reducing carbon emissions, particularly in regions with stringent environmental regulations
- Growth is supported by advancements in ORC technology, such as improved turbine efficiency and innovative working fluids, alongside rising adoption in both industrial and renewable energy applications
U.S. Organic Rankine Cycle (ORC) Waste Heat to Power Market Insight
The U.S. smart lock market captured the largest revenue share of 77.9% in 2024 within North America, fueled by strong industrial demand and growing awareness of energy efficiency benefits. The trend towards sustainable manufacturing and supportive government policies promoting clean energy solutions further boost market expansion. Major industries, including petroleum refining and chemical manufacturing, increasingly adopt ORC systems to meet energy demands.
Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market Insight
The Europe ORC waste heat to power market is expected to witness significant growth, supported by regulatory emphasis on energy efficiency and carbon reduction. Industries seek ORC systems that optimize waste heat recovery while complying with environmental standards. The growth is prominent in both new installations and retrofit projects, with countries such as Germany and France showing significant uptake due to robust industrial sectors and sustainability initiatives.
U.K. Organic Rankine Cycle (ORC) Waste Heat to Power Market Insight
The U.K. market for ORC waste heat to power systems is expected to witness rapid growth, driven by demand for energy-efficient solutions in industrial and urban settings. Increased focus on reducing greenhouse gas emissions and improving power plant efficiency encourages adoption. Evolving regulations balancing energy efficiency with operational feasibility influence industry choices, promoting ORC systems across applications such as waste to energy and cement production.
Germany Organic Rankine Cycle (ORC) Waste Heat to Power Market Insight
Germany is expected to witness rapid growth in the ORC waste heat to power market, attributed to its advanced industrial sector and high focus on energy efficiency. German industries prefer technologically advanced ORC systems that maximize waste heat recovery and contribute to lower operational costs. The integration of these systems in high-energy industries such as metal production and chemical manufacturing supports sustained market growth.
Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power Market Insight
The Asia-Pacific region is expected to witness the fastest growth rate, driven by rapid industrialization and rising energy demands in countries such as China, India, and Japan. Increasing awareness of waste heat recovery, carbon reduction, and energy efficiency is boosting demand. Government initiatives promoting sustainable energy and supportive policies further encourage the adoption of advanced ORC systems.
Japan Organic Rankine Cycle (ORC) Waste Heat to Power Market Insight
Japan’s ORC waste heat to power market is expected to witness rapid growth due to strong consumer and industrial preference for high-efficiency, technologically advanced ORC systems that enhance energy sustainability. The presence of major industrial players and integration of ORC technology in manufacturing processes accelerate market penetration. Rising interest in waste heat recovery for applications such as petroleum refining also contributes to growth.
China Organic Rankine Cycle (ORC) Waste Heat to Power Market Insight
China holds the largest share of the Asia-Pacific ORC waste heat to power market, propelled by rapid industrialization, rising energy consumption, and increasing demand for sustainable energy solutions. The country’s growing industrial base and focus on green energy support the adoption of advanced ORC systems. Strong domestic manufacturing capabilities and competitive pricing enhance market accessibility.
Organic Rankine Cycle (ORC) Waste Heat to Power Market Share
The organic rankine cycle (ORC) waste heat to power industry is primarily led by well-established companies, including:
- MITSUBISHI HEAVY INDUSTRIES LTD. (Japan)
- Kaishan (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
What are the Recent Developments in Global Organic Rankine Cycle (ORC) Waste Heat to Power Market?
- In April 2025, Orcan Energy AG, a leading cleantech firm focused on transforming waste heat into clean electricity, entered a distributorship agreement with Energas Technologies, a key player in gas infrastructure across Southern Africa. This strategic partnership enables Energas to distribute Orcan’s modular Organic Rankine Cycle (ORC) systems, which convert industrial waste heat into zero-carbon power. The collaboration is part of Orcan’s geographic expansion strategy and aims to unlock new opportunities for decarbonization in the region’s energy sector
- In September 2023, TITAN Cement Group and Orcan Energy launched a strategic partnership to accelerate decarbonization in the cement industry. Their collaboration centers on deploying Orcan Energy’s modular technology, which transforms large volumes of waste heat into clean, cost-effective electricity. This flexible system is designed to be scalable and adaptable, making it ideal for cement plants facing evolving environmental regulations. The initial phase includes pilot evaluations at several TITAN facilities, focusing on heat recovery from pre-heaters and clinker coolers. The partnership supports TITAN’s goal to reduce Scope 2 emissions by approximately 58% by 2030
- In September 2023, Salgenx, a leader in sustainable energy solutions, unveiled a breakthrough in reverse osmosis (RO) desalination systems by integrating heat pump technology with the Organic Rankine Cycle (ORC). This innovation harnesses waste thermal energy to power pressurization pumps, significantly improving energy efficiency and reducing operational costs. The ORC system not only optimizes resource utilization but also extends the lifespan of key components, making desalination more sustainable and economically viable. This advancement complements Salgenx’s saltwater flow battery technology, reinforcing its commitment to solving global water and energy challenges
- In July 2023, Turboden S.p.A., a Mitsubishi Heavy Industries Group company, was chosen by Lafarge Emirates Cement (LEC), part of the Holcim Group, in partnership with ENGIE Solutions GCC, to install a 10 MW Organic Rankine Cycle (ORC) waste heat recovery system at the Fujairah cement plant in the UAE. This closed-loop thermodynamic system captures low-temperature waste heat and operates without water, helping LEC reduce CO₂ emissions by approximately 29,000 tonnes annually—about 28% of its power-related emissions. The project underscores a growing commitment to large-scale ORC-based solutions for industrial decarbonization
- In January 2023, Turboden S.p.A. introduced a next-generation Organic Rankine Cycle (ORC) system engineered for industrial waste heat recovery. This advanced system is designed to convert low-temperature thermal energy into electricity with significantly improved efficiency—targeting a 20% boost in conversion performance over earlier models. By leveraging optimized thermodynamic processes and innovative organic working fluids, the new ORC unit supports industries in reducing carbon emissions and operational costs while maximizing energy reuse from previously untapped heat sources
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Global Organic Rankine Cycle Orc Waste Heat To Power Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Organic Rankine Cycle Orc Waste Heat To Power Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Organic Rankine Cycle Orc Waste Heat To Power Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
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