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Europe ORC Waste Heat to Power Market Trends

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

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Europe ORC Waste Heat to Power Market Trends

The market is growing significantly driven by rising demand for energy efficiency, sustainability, supportive policies, and technological progress. ORC technology is gaining traction in Europe as industries aim to enhance efficiency and cut costs. Expansion is fueled by collaborations between governments and market players, promoting renewable energy and sustainable practices. For example, in August 2022, ENOGIA secured a USD 7.06 million deal to supply ORC modules for integration into Germany's largest anaerobic digestion plant, showcasing Europe's growing interest in ORC technology and its transition to sustainable energy sources.

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