The Global ORC Waste Heat To Power Market was valued at USD 4.6 billion in 2025 and is estimated to grow at a CAGR of 10.6% to reach USD 12.9 billion by 2035.
Growth is driven by accelerating decarbonization efforts, tightening environmental regulations, and rising pressure on industrial operators to improve energy efficiency. Large volumes of recoverable heat generated during industrial processes are increasingly viewed as an untapped energy resource rather than a loss. ORC technology enables this residual thermal energy to be converted into usable electricity, improving overall efficiency while reducing emissions. Volatile energy pricing and long-term cost control priorities are further strengthening adoption, as ORC systems help offset grid dependence and lower operational expenses. Continuous declines in the levelized cost of electricity, supported by technological maturity and scaling of system deployment, are expanding adoption beyond large facilities. Advances in system design, component efficiency, and operational reliability are improving output while reducing maintenance requirements, making ORC solutions more commercially attractive across a wider range of operating environments.
The greater than 5 to 10 MWe capacity segment is expected to reach USD 1.5 billion by 2035. Systems within this range are selected for high-volume heat recovery applications where large, stable thermal streams allow for meaningful on-site power generation. Regulatory compliance goals and long-term sustainability commitments continue to support investment in higher-capacity installations.
United States ORC Waste Heat to Power Market held 73% share in 2025, generating USD 660 million. Market growth is supported by favorable policy frameworks, rising energy costs, and increased focus on emissions reduction. Interest in distributed power generation and localized energy resilience further contributes to adoption momentum.
Key companies active in the Global ORC Waste Heat to Power Market include Turboden S.p.A, Ormat Technologies, Mitsubishi Heavy Industries, Ltd., ABB, General Electric, Atlas Copco AB, Alfa Laval, Kaishan USA, Enertime, ENOGIA, Exergy International Srl, ORCAN ENERGY AG, Calnetix Technologies, LLC, Elvosolar, a.s., INTEC GMK, and Triogen. Companies operating in the Global ORC Waste Heat to Power Market strengthen their market position through technology innovation, system efficiency improvements, and strategic expansion. Leading players invest in advanced system designs to increase conversion efficiency while lowering lifecycle costs. Portfolio diversification across different capacity ranges allows suppliers to address a broader customer base. Strategic partnerships with engineering firms and energy solution providers help accelerate project deployment and market access. Manufacturers also focus on modular system development to reduce installation time and improve scalability.
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Growth is driven by accelerating decarbonization efforts, tightening environmental regulations, and rising pressure on industrial operators to improve energy efficiency. Large volumes of recoverable heat generated during industrial processes are increasingly viewed as an untapped energy resource rather than a loss. ORC technology enables this residual thermal energy to be converted into usable electricity, improving overall efficiency while reducing emissions. Volatile energy pricing and long-term cost control priorities are further strengthening adoption, as ORC systems help offset grid dependence and lower operational expenses. Continuous declines in the levelized cost of electricity, supported by technological maturity and scaling of system deployment, are expanding adoption beyond large facilities. Advances in system design, component efficiency, and operational reliability are improving output while reducing maintenance requirements, making ORC solutions more commercially attractive across a wider range of operating environments.
The greater than 5 to 10 MWe capacity segment is expected to reach USD 1.5 billion by 2035. Systems within this range are selected for high-volume heat recovery applications where large, stable thermal streams allow for meaningful on-site power generation. Regulatory compliance goals and long-term sustainability commitments continue to support investment in higher-capacity installations.
United States ORC Waste Heat to Power Market held 73% share in 2025, generating USD 660 million. Market growth is supported by favorable policy frameworks, rising energy costs, and increased focus on emissions reduction. Interest in distributed power generation and localized energy resilience further contributes to adoption momentum.
Key companies active in the Global ORC Waste Heat to Power Market include Turboden S.p.A, Ormat Technologies, Mitsubishi Heavy Industries, Ltd., ABB, General Electric, Atlas Copco AB, Alfa Laval, Kaishan USA, Enertime, ENOGIA, Exergy International Srl, ORCAN ENERGY AG, Calnetix Technologies, LLC, Elvosolar, a.s., INTEC GMK, and Triogen. Companies operating in the Global ORC Waste Heat to Power Market strengthen their market position through technology innovation, system efficiency improvements, and strategic expansion. Leading players invest in advanced system designs to increase conversion efficiency while lowering lifecycle costs. Portfolio diversification across different capacity ranges allows suppliers to address a broader customer base. Strategic partnerships with engineering firms and energy solution providers help accelerate project deployment and market access. Manufacturers also focus on modular system development to reduce installation time and improve scalability.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2025
Chapter 5 Market Size and Forecast, by Power Output, 2022-2035 (USD Million)
Chapter 6 Market Size and Forecast, by Region, 2022-2035 (USD Million)
Chapter 7 Company Profiles
Companies Mentioned
The companies profiled in this ORC Waste Heat to Power market report include:- ABB
- ALFA LAVAL
- Atlas Copco AB
- Calnetix Technologies, LLC
- Elvosolar, a.s.
- Enertime
- ENOGIA
- Exergy International Srl
- General Electric
- INTEC GMK
- Kaishan USA
- Mitsubishi Heavy Industries, Ltd.
- ORCAN ENERGY AG
- Ormat Technologies
- Triogen
- Turboden S.p.A
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | December 2025 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 4.6 Billion |
| Forecasted Market Value ( USD | $ 12.9 Billion |
| Compound Annual Growth Rate | 10.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
