ORC industrial waste heat to power market is anticipated to grow at a CAGR of 5.1% during the forecast period. One of the key factors that are fueling the market is the rising government norms to decrease emissions. Converting the waste heat into power contributes to more power which ultimately reduces the fuel consumption for the required conventional power production cycle. This leads to a decrease in fuel emissions which has been supported by the government across the globe. For instance, in June 2022, The Central Pollution Control Board (CPCB) reviewed the standards of particulate matter emission for ‘baby’ industrial boilers with a capacity of fewer than 2 tonnes/hour. The emission limit has been reduced to 500 milligrams/cubic meter from 1,200 mg / NM3. In Delhi-NCR, a majority of the boilers in the industrial clusters covering Rajasthan, Haryana, and Uttar Pradesh, are baby boilers, as per a 2020 study by the Delhi-based non-profit Centre for Science and Environment (CSE).
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These updated rules are aimed to support the necessity of industrial investments for Europe’s transformation towards a zero-pollution, climate-neutral, competitive economy by 2050. They aimed to spur reward frontrunners, and innovation, and to support level the playing field in the EU market. Such norms are showing the future acceptability of an industry that has increased the demand for ORC industrial waste heat to power solutions. The solution offers zero-emission energy which makes it fuel efficient as well. For instance, in February 2021, in Alberta, Canada’s TC Energy and Siemens Energy signed a contract for building a first-of-its-kind waste heat-to-power facility. The plant has the capability of capturing waste heat from a gas-fired turbine at a station of pipeline compression and converting it into a power of emissions-free. Such feed the grid facility has generated energy. This is to offsetting 44,000t of greenhouse gases and power more than 10,000 homes annually.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Product
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- IHI Corp., Mitsubishi Heavy Industries, Ltd., Turboden S.p.A., Siemens AG, and General Electric Co.
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ORC Industrial Waste Heat to Power Market Report by Segment
By Product
- Steam Rankine Cycle
- Organic Rankine Cycle
- Kalina Cycle
By Application
- Petroleum Refining
- Cement Industry
- Heavy Metal Production
- Chemical Industry
- Others (Glass industry)
ORC Industrial Waste Heat to Power Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- AURA GmbH & Co. KG
- Boustead International Heaters Ltd.
- Climeon AB
- Dürr Aktiengesellschaft
- Kaishan USA
- Strebl Energy Pte Ltd
- TransPacific Energy, Inc.
- TURBODEN S.p.A.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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