The Waste Heat to Power Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Type (Steam Rankine Cycle, Organic Rankine Cycle, Kalina Cycle), Application (Steam and Power Generation, Pre-Heating), End-User (Chemicals, Metal Manufacturing, Oil and Gas, Others).
Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Waste Heat to Power industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Waste Heat to Power companies. The Waste Heat to Power demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Waste Heat to Power industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.
The waste heat to power market is experiencing a trend towards efficient heat recovery systems, advancements in Organic Rankine Cycle (ORC) technologies, and applications across industries. Innovations in heat exchangers, thermoelectric generators, and waste heat utilization methods are prevalent trends. Waste heat to power systems harness thermal energy from industrial processes or exhaust gases to generate electricity or provide useful mechanical work. Moreover, developments in modular waste heat recovery units, system integration with industrial processes, and utilization of low-grade heat sources are shaping the market.
Key drivers stimulating the waste heat to power market include the need for energy efficiency, waste heat utilization, and advancements in heat recovery technologies. Waste heat to power systems offer advantages such as reduced energy costs, lower emissions, and improved overall energy efficiency in industrial operations. Furthermore, technological advancements in heat exchanger designs, increasing focus on sustainable energy practices, and the drive for resource conservation contribute significantly to market growth.
Opportunities in the waste heat to power market lie in advancing heat recovery technologies and promoting their role in providing sustainable energy solutions. Collaboration among technology providers, industrial facilities, and energy regulators offers significant growth prospects. Additionally, investing in innovative waste heat recovery systems, promoting applications in various industrial sectors, and advocating for the benefits of waste heat utilization in reducing carbon footprint can unlock new avenues for market expansion. Exploring partnerships for waste heat recovery projects, advocating for energy-related incentives, and showcasing successful waste heat-to-power implementations can further drive market growth and facilitate wider adoption.
Waste Heat to Power refers to the process of capturing waste heat produced by industrial processes and converting it into usable electrical or mechanical energy, improving overall efficiency and reducing energy waste.
Type
• Steam Rankine Cycle
• Organic Rankine Cycle
• Kalina Cycle
Application
• Steam and Power Generation
• Pre-Heating
End-User
• Chemicals
• Metal Manufacturing
• Oil and Gas
• Others
By Region
• ABB Ltd.
• Alstom SA
• Amec Foster Wheeler plc
• China Energy Recovery Inc.
• China National Building Material Group Co., Ltd.
• Dalian East New Energy Development Co., Ltd.
• Dürr Cyplan GmbH
• ElectraTherm, Inc.
• General Electric Company
• GETEC AG
• Harbin Electric International Company Limited
• Mitsubishi Heavy Industries, Ltd.
• Ormat Technologies, Inc.
• Siemens AG
Reasons to Buy the Waste Heat to Power Market Study
• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Waste Heat to Power market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Waste Heat to Power industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.
TABLE OF CONTENTS
1 INTRODUCTION TO 2024 Waste Heat to Power MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 EXECUTIVE SUMMARY
3.1 Global Waste Heat to Power Market Size Outlook, $ Million, 2021 to 2030
3.2 Waste Heat to Power Market Outlook by Type, $ Million, 2021 to 2030
3.3 Waste Heat to Power Market Outlook by Product, $ Million, 2021 to 2030
3.4 Waste Heat to Power Market Outlook by Application, $ Million, 2021 to 2030
3.5 Waste Heat to Power Market Outlook by Key Countries, $ Million, 2021 to 2030
4 MARKET DYNAMICS
4.1 Key Driving Forces of Waste Heat to Power Industry
4.2 Key Market Trends in Waste Heat to Power Industry
4.3 Potential Opportunities in Waste Heat to Power Industry
4.4 Key Challenges in Waste Heat to Power Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Waste Heat to Power Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 GLOBAL Waste Heat to Power MARKET OUTLOOK BY SEGMENTS
7.1 Waste Heat to Power Market Outlook by Segments
Type
Steam Rankine Cycle
Organic Rankine Cycle
Kalina Cycle
Application
Steam and Power Generation
Pre-Heating
End-User
Chemicals
Metal Manufacturing
Oil and Gas
Others
8 NORTH AMERICA Waste Heat to Power MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Waste Heat to Power Markets in 2024
8.2 North America Waste Heat to Power Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Waste Heat to Power Market size Outlook by Segments, 2021-2030
Type
Steam Rankine Cycle
Organic Rankine Cycle
Kalina Cycle
Application
Steam and Power Generation
Pre-Heating
End-User
Chemicals
Metal Manufacturing
Oil and Gas
Others
9 EUROPE Waste Heat to Power MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Waste Heat to Power Markets in 2024
9.2 Europe Waste Heat to Power Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Waste Heat to Power Market size Outlook by Segments, 2021-2030
Type
Steam Rankine Cycle
Organic Rankine Cycle
Kalina Cycle
Application
Steam and Power Generation
Pre-Heating
End-User
Chemicals
Metal Manufacturing
Oil and Gas
Others
10 ASIA PACIFIC Waste Heat to Power MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Waste Heat to Power Markets in 2024
10.2 Asia Pacific Waste Heat to Power Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Waste Heat to Power Market size Outlook by Segments, 2021-2030
Type
Steam Rankine Cycle
Organic Rankine Cycle
Kalina Cycle
Application
Steam and Power Generation
Pre-Heating
End-User
Chemicals
Metal Manufacturing
Oil and Gas
Others
11 SOUTH AMERICA Waste Heat to Power MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Waste Heat to Power Markets in 2024
11.2 South America Waste Heat to Power Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Waste Heat to Power Market size Outlook by Segments, 2021-2030
Type
Steam Rankine Cycle
Organic Rankine Cycle
Kalina Cycle
Application
Steam and Power Generation
Pre-Heating
End-User
Chemicals
Metal Manufacturing
Oil and Gas
Others
12 MIDDLE EAST AND AFRICA Waste Heat to Power MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Waste Heat to Power Markets in 2024
12.2 Middle East and Africa Waste Heat to Power Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Waste Heat to Power Market size Outlook by Segments, 2021-2030
Type
Steam Rankine Cycle
Organic Rankine Cycle
Kalina Cycle
Application
Steam and Power Generation
Pre-Heating
End-User
Chemicals
Metal Manufacturing
Oil and Gas
Others
13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- ABB Ltd.
- Alstom SA
- Amec Foster Wheeler plc
- China Energy Recovery Inc.
- China National Building Material Group Co., Ltd.
- Dalian East New Energy Development Co., Ltd.
- Dürr Cyplan GmbH
- ElectraTherm, Inc.
- General Electric Company
- GETEC AG
- Harbin Electric International Company Limited
- Mitsubishi Heavy Industries, Ltd.
- Ormat Technologies, Inc.
- Siemens AG
14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
Type
• Steam Rankine Cycle
• Organic Rankine Cycle
• Kalina Cycle
Application
• Steam and Power Generation
• Pre-Heating
End-User
• Chemicals
• Metal Manufacturing
• Oil and Gas
• Others
By Region
The global Waste Heat to Power Market is one of the lucrative growth markets, poised to register a 14.1% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
ABB Ltd. , Alstom SA , Amec Foster Wheeler plc , China Energy Recovery Inc. , China National Building Material Group Co., Ltd. , Dalian East New Energy Development Co., Ltd. , Dürr Cyplan GmbH , ElectraTherm, Inc. , General Electric Company , GETEC AG , Harbin Electric International Company Limited , Mitsubishi Heavy Industries, Ltd. , Ormat Technologies, Inc. , Siemens AG,
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume