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Europe ORC Waste Heat to Power Market
Updated On

Jan 14 2025

Total Pages

130

Europe ORC Waste Heat to Power Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2025-2033

Europe ORC Waste Heat to Power Market by Power Output (≤ 1 MWe, > 1 - 5 MWe, > 5 - 10 MWe, > 10 MWe), by Europe (Germany, France, United Kingdom, Italy, Spain, Netherlands, Sweden, Norway, Switzerland) Forecast 2025-2033

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Europe ORC Waste Heat to Power Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2025-2033

The size of the Europe ORC Waste Heat to Power Market  was valued at USD XX Billion in 2023 and is projected to reach USD XX Billion by 2032, with an expected CAGR of 16.3% during the forecast period.The Europe ORC (Organic Rankine Cycle) Waste Heat to Power Market is rapidly expanding as industries focus on energy efficiency and waste heat recovery. The ORC process involves converting waste heat into usable electricity, providing a sustainable solution for industries such as manufacturing, oil and gas, and power generation.Europe’s stringent energy efficiency regulations and ambitious climate goals are key drivers for this market. Countries like Germany, France, and Italy are leading in ORC technology adoption, supported by government incentives and funding for renewable energy projects. Additionally, the growing emphasis on reducing operational costs and carbon emissions is encouraging industries to invest in waste heat recovery systems.Technological advancements in ORC systems, including improved efficiency and the ability to operate at lower temperatures, are further propelling market growth. However, high initial investment costs and technical challenges in integrating ORC systems into existing infrastructure may act as barriers. Despite these challenges, the Europe ORC Waste Heat to Power Market is poised for robust growth, driven by increasing industrialization, energy efficiency mandates, and the need for sustainable power generation solutions.

Europe ORC Waste Heat to Power Market Research Report - Market Size, Growth & Forecast

Europe ORC Waste Heat to Power Market Concentration & Characteristics

The market is fragmented with a large number of players, including both established and emerging companies. The key players include Atlas Copco AB, ABB, Enertime, Enogia SAS, Exergy International SRL, General Electric, IHI Corporation, Intec GMK, Mitsubishi Heavy Industries, Ormat, Siemens Energy, SUEZ, Thermax Ltd., Triogen, and Turboden S.p.A. The market is characterized by innovation and ongoing technological developments. Regulations on environmental protection and carbon emissions impact the industry. End-user concentration is high with key industries being manufacturing, petrochemicals, and power generation. A level of M&A activity has been observed as larger players seek to consolidate market share and expand their product offerings.

Europe ORC Waste Heat to Power Market Trends

Increasing adoption of renewable energy sources, particularly in response to climate change concerns, is a major market driver. technological advancements in ORC technology, such as improved efficiency and reduced costs, are enhancing the viability of waste heat recovery projects. Government incentives and policies that promote the use of renewable energy and reduce carbon emissions positively impact market growth. Growth in the manufacturing sector and the increasing use of waste heat recovery systems in industrial processes are also contributing to market expansion.

Europe ORC Waste Heat to Power Market Growth

Key Region or Country & Segment to Dominate the Market

Key Regions:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain

Dominant Segments:

  • Power Output: > 5 - 10 MWe
  • Power Output: > 10 MWe

Europe ORC Waste Heat to Power Market Product Insights Report Coverage & Deliverables

  • Market size, market share, and market growth analysis
  • Product segmentation and product type analysis
  • Distribution channel analysis
  • Competitive landscaping and market share analysis
  • Market drivers, restraints, opportunities, and challenges analysis
  • Porter's Five Forces analysis
  • Company profiles and SWOT analysis
  • Regional market analysis
  • Key industry trends analysis
  • Future market outlook

Europe ORC Waste Heat to Power Market Analysis

The market is expected to grow steadily over the forecast period. Increasing demand for renewable energy sources, technological advancements, and supportive government policies will continue to drive market expansion. The market is expected to be driven by the expansion of the manufacturing sector and the growing adoption of waste heat recovery systems in industrial processes. Key market players are focusing on innovation and product development to gain competitive advantage.

Europe ORC Waste Heat to Power Market Regional Insights

Germany, France, the United Kingdom, Italy, and Spain are expected to be the major markets in Europe. These countries have well-established manufacturing industries, a strong focus on renewable energy, and supportive government policies. The manufacturing, petrochemicals, and power generation industries are expected to be the key end-user segments for ORC waste heat to power systems.

Driving Forces: What's Propelling the Europe ORC Waste Heat to Power Market

  • Increasing demand for renewable energy sources
  • Technological advancements in ORC technology
  • Government incentives and policies
  • Growth in the manufacturing sector
  • Increasing use of waste heat recovery systems in industrial processes

Challenges and Restraints in Europe ORC Waste Heat to Power Market

  • High initial investment costs
  • Limited awareness of ORC technology
  • Availability of alternative renewable energy technologies

Emerging Trends in Europe ORC Waste Heat to Power Market

  • Hybrid waste heat recovery systems
  • Integration of ORC systems with other renewable energy technologies
  • Use of artificial intelligence and machine learning for system optimization

Europe ORC Waste Heat to Power Industry News

June 2023: The UK government announced plans to integrate energy from waste (EfW) and waste incineration into the UK Emissions Trading Scheme by 2028.

July 2020: General Electric launched a Turboexpander generator as part of the ORC bundle for high-enthalpy energy recovery.

Leading Players in the Europe ORC Waste Heat to Power Market

Europe ORC Waste Heat to Power Market Segmentation

  • 1. Power Output
    • 1.1. ≤ 1 MWe
    • 1.2. > 1 - 5 MWe
    • 1.3. > 5 - 10 MWe
    • 1.4. > 10 MWe

Europe ORC Waste Heat to Power Market Segmentation By Geography

  • 1. Europe
    • 1.1. Germany
    • 1.2. France
    • 1.3. United Kingdom
    • 1.4. Italy
    • 1.5. Spain
    • 1.6. Netherlands
    • 1.7. Sweden
    • 1.8. Norway
    • 1.9. Switzerland

Europe ORC Waste Heat to Power Market Regional Share

Europe ORC Waste Heat to Power Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 16.3% from 2019-2033
Segmentation
    • By Power Output
      • ≤ 1 MWe
      • > 1 - 5 MWe
      • > 5 - 10 MWe
      • > 10 MWe
  • By Geography
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Netherlands
      • Sweden
      • Norway
      • Switzerland
Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Robust growth in the manufacturing sector
        • 3.2.2 Stringent emission norms
        • 3.2.3 Increasing demand for clean energy
      • 3.3. Market Restrains
        • 3.3.1. Availability of competitive counterparts
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Europe ORC Waste Heat to Power Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Power Output
      • 5.1.1. ≤ 1 MWe
      • 5.1.2. > 1 - 5 MWe
      • 5.1.3. > 5 - 10 MWe
      • 5.1.4. > 10 MWe
    • 5.2. Market Analysis, Insights and Forecast - by Region
      • 5.2.1. Europe
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 Atlas Copco AB
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 ABB
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Enertime
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Enogia SAS
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 Exergy International SRL
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 General Electric
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 IHI Corporation
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Intec GMK
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Mitsubishi Heavy Industries
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Ormat
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 Siemens Energy
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 SUEZ
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)
        • 6.2.13 Thermax Ltd.
          • 6.2.13.1. Overview
          • 6.2.13.2. Products
          • 6.2.13.3. SWOT Analysis
          • 6.2.13.4. Recent Developments
          • 6.2.13.5. Financials (Based on Availability)
        • 6.2.14 Triogen
          • 6.2.14.1. Overview
          • 6.2.14.2. Products
          • 6.2.14.3. SWOT Analysis
          • 6.2.14.4. Recent Developments
          • 6.2.14.5. Financials (Based on Availability)
        • 6.2.15 Turboden S.p.A.
          • 6.2.15.1. Overview
          • 6.2.15.2. Products
          • 6.2.15.3. SWOT Analysis
          • 6.2.15.4. Recent Developments
          • 6.2.15.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Europe ORC Waste Heat to Power Market Revenue Breakdown (Billion, %) by Product 2024 & 2032
  2. Figure 2: Europe ORC Waste Heat to Power Market Share (%) by Company 2024
List of Tables
  1. Table 1: Europe ORC Waste Heat to Power Market Revenue Billion Forecast, by Region 2019 & 2032
  2. Table 2: Europe ORC Waste Heat to Power Market Revenue Billion Forecast, by Power Output 2019 & 2032
  3. Table 3: Europe ORC Waste Heat to Power Market Revenue Billion Forecast, by Region 2019 & 2032
  4. Table 4: Europe ORC Waste Heat to Power Market Revenue Billion Forecast, by Power Output 2019 & 2032
  5. Table 5: Europe ORC Waste Heat to Power Market Revenue Billion Forecast, by Country 2019 & 2032
  6. Table 6: Germany Europe ORC Waste Heat to Power Market Revenue (Billion) Forecast, by Application 2019 & 2032
  7. Table 7: France Europe ORC Waste Heat to Power Market Revenue (Billion) Forecast, by Application 2019 & 2032
  8. Table 8: United Kingdom Europe ORC Waste Heat to Power Market Revenue (Billion) Forecast, by Application 2019 & 2032
  9. Table 9: Italy Europe ORC Waste Heat to Power Market Revenue (Billion) Forecast, by Application 2019 & 2032
  10. Table 10: Spain Europe ORC Waste Heat to Power Market Revenue (Billion) Forecast, by Application 2019 & 2032
  11. Table 11: Netherlands Europe ORC Waste Heat to Power Market Revenue (Billion) Forecast, by Application 2019 & 2032
  12. Table 12: Sweden Europe ORC Waste Heat to Power Market Revenue (Billion) Forecast, by Application 2019 & 2032
  13. Table 13: Norway Europe ORC Waste Heat to Power Market Revenue (Billion) Forecast, by Application 2019 & 2032
  14. Table 14: Switzerland Europe ORC Waste Heat to Power Market Revenue (Billion) Forecast, by Application 2019 & 2032

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

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