Dubai, UAE – January 19, 2026 — Kings Research today announced the release of its latest market intelligence study, “Global ORC Waste Heat to Power Market: Size, Share, Trends & Forecast 2025–2032.” The report provides a comprehensive evaluation of market growth patterns, technology adoption trends, segmentation insights, and the competitive landscape shaping the global ORC waste heat to power industry.
According to Kings Research, the global ORC waste heat to power market was valued at USD 932.5 million in 2024 and is projected to grow from USD 987.3 million in 2025 to USD 1,503.2 million by 2032, exhibiting a CAGR of 6.19% during the forecast period. Market growth is supported by increasing emphasis on industrial energy efficiency, rising electricity costs, and regulatory pressure to reduce carbon emissions across energy-intensive industries.
Organic Rankine Cycle (ORC) waste heat to power systems convert low- to medium-temperature waste heat from industrial processes into usable electricity. These systems are widely deployed across sectors such as cement, steel, chemicals, oil & gas, and power generation to recover otherwise lost thermal energy. As industries pursue decarbonization, cost efficiency, and energy resilience, ORC technology is emerging as a critical solution for sustainable power generation from existing operations.
Kings Research identifies the following growth accelerators:
- Industrial Energy Efficiency Mandates:
Governments and regulators are increasingly encouraging waste heat recovery to reduce industrial energy intensity and emissions. According to the U.S. Department of Energy (DOE), 20–50% of industrial energy input is lost as waste heat, highlighting a substantial efficiency improvement opportunity through waste heat to power technologies such as ORC systems. In the U.S. manufacturing sector alone, industrial waste heat losses amount to 5–13 quadrillion Btu annually, reinforcing the policy push toward mandatory efficiency improvements and heat recovery adoption.
- Rising Energy Costs:
Escalating energy prices are prompting industries to seek on-site power generation solutions to reduce reliance on grid electricity. Waste heat to power systems provide a cost-effective pathway, as demonstrated by the U.S. Environmental Protection Agency (EPA), which estimates that approximately 7,600 MW of electricity generation capacity could be supported by recoverable industrial waste heat in the U.S., reducing purchased electricity demand and operating expenses.
- Decarbonization and ESG Goals:
Industrial players are adopting ORC-based waste heat recovery solutions to meet sustainability targets and carbon reduction commitments. The DOE highlights that utilizing waste heat for power generation directly offsets fossil-fuel-based grid electricity, leading to measurable reductions in fuel consumption and greenhouse gas emissions across energy-intensive industries.
- Technology Advancements:
Advancements in turbine design and working fluids are expanding ORC applicability across a broader temperature range, particularly enabling efficient power generation from low- to medium-temperature waste heat streams. The EPA identifies ORC technology as a key enabler for converting waste heat below 450 °F (232 °C) into usable electricity, significantly widening its industrial deployment potential (Source: www.epa.gov).
For industrial operators, energy managers, and sustainability leaders, ORC waste heat to power systems deliver strong strategic and financial benefits:
- Energy Cost Reduction: Converts unused waste heat into electricity, lowering operational energy expenses.
- Operational Efficiency: Enhances overall plant efficiency without disrupting core industrial processes.
- Decarbonization Support: Reduces greenhouse gas emissions and supports compliance with environmental regulations.
- Energy Security: Enables on-site power generation, improving resilience against grid volatility.
- Scalability & Flexibility: Modular ORC systems can be deployed across different capacities and temperature ranges.
- Asset Optimization: Extends the value of existing industrial infrastructure by monetizing waste heat streams.
Regional Outlook
- North America: Largest market share, supported by advanced industrial infrastructure, energy efficiency regulations, and strong adoption of waste heat recovery technologies.
- Asia-Pacific: Fastest-growing region, driven by rapid industrialization, expanding manufacturing capacity, and increasing focus on sustainable energy solutions.
Competitive Landscape
The market is characterized by technological innovation, project-based deployments, and strategic partnerships. Key companies operating in the ORC waste heat to power market include ALFA LAVAL, Mitsubishi Heavy Industries, Ltd. (Turboden S.p.A.), E.ON SE, ENOGIA, Siemens AG, BE Petrothai Group, ORCAN ENERGY AG, EXERGY INTERNATIONAL SRL, Climeon, AURA GmbH & Co. KG, Thermax Limited, Ormat, Triogen, BITZER Kühlmaschinenbau GmbH, and INTEC Engineering GmbH.
The full Kings Research report offers detailed segmentation analysis by capacity, temperature, application, and region, along with competitive benchmarking and strategic insights. To request a sample, access the complete report, or explore customized consulting services, please visit https://www.kingsresearch.com/report/orc-waste-heat-to-power-market-3017.
About Kings Research:
Kings Research is a global provider of syndicated market research reports and consulting services, helping organizations identify growth opportunities, assess competitive landscapes, and make informed, data-driven strategic decisions.
All market data are sourced from Kings Research proprietary analysis, validated against credible government publications and peer-reviewed research papers. Examples cited include energy efficiency and industrial decarbonization frameworks from the U.S. Department of Energy, International Energy Agency, European Commission energy policies, and national clean energy programs.