ORC Waste Heat to Power Market Size - By Power Output (<= 1 MWe, > 1 - 5 MWe, > 5 - 10 MWe, > 10 MWe), Regional Outlook & Forecast, 2024 - 2032

Global ORC Waste Heat to Power Market size will record a 14.5% CAGR from 2024 to 2032, propelled by the increasing demand for efficient energy solutions. Industries worldwide are seeking innovative ways to convert waste heat into usable electricity, promoting sustainability and cost savings. The utilization of Organic Rankine Cycle (ORC) technology plays a pivotal role in this market expansion, offering an efficient and environmentally friendly method to harness waste heat. As businesses strive for energy efficiency and compliance with regulations, the adoption of ORC technology will significantly drive the size and competitiveness of the ORC waste heat to the power industry.

For instance, in April 2022, Alfa Laval introduced the E-PowerPack, designed to transform waste heat into electricity, leading to energy efficiency gains and adherence to regulations. This innovative system utilizes Organic Rankine Cycle (ORC) technology, converting waste heat into environmentally friendly electrical power.

The ORC waste heat to power industry is bifurcated based on power output and region.

The <= 1 MWe segment will experience a considerable escalation by 2032, driven by its suitability for a wide range of applications. This segment caters to smaller industrial facilities and decentralized power generation needs, making it a preferred choice for many businesses. ORC systems in this capacity provide an efficient solution to harness waste heat for electricity generation. With a focus on sustainability and energy efficiency, industries are increasingly adopting <= 1 MWe ORC systems, solidifying their position as the largest segment in the ORC waste heat to power industry.

North America ORC waste heat to power market will demonstrate a remarkable CAGR from 2024 to 2032. The region's focus on sustainable energy solutions, in line with stringent environmental regulations, drives the adoption of ORC systems. Abundant industrial activities and waste heat sources further propel market growth. Additionally, government incentives and favorable policies encourage the deployment of ORC technologies. With robust infrastructure and technological advancements, North America will stand as a primary contributor to the ORC waste heat to power market.