Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power Market Overview: Growth, Share, Value, Insights, and Trends , Industry Overview and Forecast to 2029

January 24, 2025

"Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power Market Size And Forecast by 2029

Data Bridge Market Research analyses that the organic rankine cycle (ORC) waste heat to power market is expected to reach the value of USD 1,086,896.96 million by 2029, at a CAGR of 8.8% during the forecast period of 2022 to 2029. ""Medium"" accounts for the most prominent modules size segment.

Demand for Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power Market solutions continues to rise, driven by consumer preferences for enhanced efficiency, sustainability, and customization. This growth is underpinned by evolving technologies, innovative product offerings, and strategic collaborations among market leaders. The interplay of these factors creates a fertile ground for revenue generation and industry expansion.

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Which are the top companies operating in the Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power Market?

The Top 10 Companies in Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power Market are leaders in their field, known for their strong market presence and innovative solutions. Their success is driven by their ability to adapt to market trends, invest in research and development, and meet customer needs effectively, making them key competitors in the Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power Market.

**Segments**

- By Capacity (Up to 5 MW, 5-0.5 MW, 0.5-10 MW, 0-20 MW)
- By Source (Biomass, Geothermal, Solar, Industrial
- By Application (Biomass & Waste Heat Utilization, Geothermal Power Generation From Low-Grade Heat, Solar Thermal Power Generation, Combined Heat & Power (CHP), Others)

The Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power market is segmented based on capacity, source, and application. In terms of capacity, the market is divided into categories such as up to 5 MW, 5-10 MW, 10-50 MW, and 50-100 MW. The source segment includes biomass, geothermal, solar, and industrial waste heat. The application segment consists of biomass and waste heat utilization, geothermal power generation from low-grade heat, solar thermal power generation, combined heat and power (CHP), among others. These segments reflect the diverse sources and applications of waste heat to power technologies in the region.

**Market Players**

- Ormat Technologies Inc.
- Ze-Gen
- Exergy SpA
- Cyplan Ltd.
- Enogia SAS
- TAS Energy Inc.
- Wuxi Huaguang Boiler Co., LTD
- Siemens AG
- Honeywell International Inc.
- Mitsubishi Hitachi Power Systems, Ltd.

Key market players in the Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power market include Ormat Technologies Inc., Ze-Gen, Exergy SpA, Cyplan Ltd., Enogia SAS, TAS Energy Inc., Wuxi Huaguang Boiler Co., LTD, Siemens AG, Honeywell International Inc., and Mitsubishi Hitachi Power Systems, Ltd. These companies are actively involved in the development and commercialization of ORC waste heat to power solutions in the region. With their technological expertise and strategic initiatives, these marketThe Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power market is witnessing significant growth, driven by the increasing focus on sustainable energy solutions and the rising demand for efficient waste heat utilization technologies. The market players mentioned are key contributors to the development and adoption of ORC systems in the region. Ormat Technologies Inc., a leading player in the market, has a strong track record in the geothermal sector and has been actively expanding its ORC solutions portfolio. Ze-Gen specializes in converting industrial waste into energy, offering innovative solutions for sustainable power generation.

Exergy SpA, with its expertise in ORC technology, has been involved in several waste heat to power projects across different industries. Cyplan Ltd. brings its cutting-edge ORC systems to the market, particularly focusing on biomass applications. Enogia SAS is known for its compact ORC solutions suitable for various heat sources, contributing to the growth of the waste heat to power market. TAS Energy Inc. offers customized ORC systems that cater to specific industry needs, enhancing overall energy efficiency.

Wuxi Huaguang Boiler Co., LTD is a prominent player in the ORC market, providing integrated solutions for waste heat recovery in industrial processes. Siemens AG, a global powerhouse in the energy sector, brings its technological advancements to the ORC waste heat to power market, driving innovation and scalability. Honeywell International Inc. offers comprehensive energy management solutions, including ORC systems, to optimize operations and reduce environmental impact. Mitsubishi Hitachi Power Systems, Ltd. combines its expertise in power generation with ORC technology to deliver efficient and sustainable solutions for waste heat utilization.

The market for ORC waste heat to power systems in the Asia-Pacific region is poised for further growth, driven by the need for energy efficiency, government support for renewable energy projects, and technology advancements by key players. The increasing adoption of ORC systems across various industries, such as manufacturing, oil & gas, and pharmaceuticals, is expected to boost market expansion. Collaboration**Market Players**

- Mitsubishi Heavy Industries, Ltd.
- Kaishan USA
- Strebl Energy Pte Ltd
- ORCAN ENERGY AG
- ALFA LAVAL
- Fujian Snowman Co., Ltd.
- Ormat
- Rank
- TMEIC
- Triogen
- ABB
- Siemens Energy (Siemens AG)
- Dürr Group
- ElectraTherm Inc. (BITZER Group)
- Enerbasque
- Enertime
- Enogia
- EXERGY
- CLIMEON
- INTEC Engineering GmbH
- Zuccato Energia srl.
- Opel Energy Systems Pvt. Ltd.
- Corycos Group
- CTMI - Steam Turbines
- BorgWarner Inc.
- among others.

The Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power market is experiencing a significant surge in growth, fueled by the increasing emphasis on sustainable energy solutions and the escalating demand for efficient waste heat utilization technologies within the region. The new players entering the market landscape are expected to bring fresh perspectives, innovative solutions, and enhance competition. Mitsubishi Heavy Industries, Ltd., with its extensive expertise in power generation technology, is well-positioned to contribute substantially to the advancement of ORC waste heat to power solutions in the Asia-Pacific market. Kaishan USA, a prominent player known for its energy-efficient products, is likely to introduce competitive offerings within the ORC segment,

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Key Insights from the Global Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power Market :

Comprehensive Market Overview: The Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power Market is experiencing significant growth, driven by technological advancements and increasing global demand.
Industry Trends and Projections: Trends like automation and sustainability are shaping the market, with projections indicating continued growth over the next few years.
Emerging Opportunities: There are emerging opportunities in green technologies, digital solutions, and under-served regional markets.
Focus on R&D: Companies are investing heavily in R&D to innovate in areas such as AI, IoT, and sustainable product development.
Leading Player Profiles: Key players like Company A and Company B lead the market through their strong product offerings and global presence.
Market Composition: The market is fragmented, with a mix of established players and emerging startups targeting various niches.
Revenue Growth: The Asia-Pacific Organic Rankine Cycle (ORC) Waste Heat to Power Market is seeing steady revenue growth, fueled by both consumer and commercial demand.
Commercial Opportunities: Key commercial opportunities include expanding into emerging regions, digital transformation, and forming strategic partnerships.

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