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Europe ORC Waste Heat to Power Market Size

  • Report ID: GMI8991
  • Published Date: Apr 2024
  • Report Format: PDF

Europe ORC Waste Heat to Power Market Size

Europe ORC Waste Heat to Power Market was valued at USD 1.6 billion in 2023 and is projected to observe around 16.3% CAGR from 2024 to 2032. This growth can attribute to increasing demand for sustainable energy solutions and need to optimize energy efficiency in various industrial processes. Key factors including rising industrialization, government incentives, and optimizing energy utilization in various sectors propel market growth.

 

Moreover, advancements in ORC technology, coupled with ongoing research and development initiatives, are expected to further boost market expansion. Market players are investing to introduce innovative solutions and expand their product portfolios, through strategic alliances to expand the market share.
 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of Europe ORC waste heat to power was reached USD 1.6 billion in 2023 and will record 16.3% CAGR from 2024 to 2032, led by the increasing demand for sustainable energy solutions and dire need to optimize energy efficiency in various industrial processes.

Europe ORC waste heat to power industry from the > 1 - 5 MWe power output segment is forecasted to exceed USD 3.5 billion by 2032, driven by the strong need for efficient waste heat recovery systems in industrial sectors, such as cement, steel, and glass production.

Russia ORC waste heat to power market is projected to surpass USD 1 billion by 2032, led by the presence of abundant natural resources, supportive government policies, and technological advancements.

Some of the key Europe ORC waste heat to power industry players are Atlas Copco AB, ABB, Enertime, Enogia SAS, Exergy International SRL, General Electric, IHI Corporation, Intec GMK, Mitsubishi Heavy Industries, and Ormat

Europe ORC Waste Heat to Power Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 114
  • Countries covered: 7
  • Pages: 130
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