ORC Waste Heat to Power Market Share

North American Market Forecast

ORC waste heat to power market in North America region is attributed to hold largest revenue share of about 30% during the forecast period. The growth of the market in the region is because waste heat recovery as a means of producing electricity is becoming more widely recognized. Particularly noteworthy is the United States, which is home to a number of significant market participants in the ORC waste heat to electricity industry. This clustering of important industry participants supports the region's leadership in advancing ORC technology and propelling North American ORC waste heat to power market expansion.

APAC Market Statistics

ORC waste heat to power market in Asia Pacific region is anticipated to hold second largest revenue share of about 25% during the forecast period. The increasing emphasis on reducing greenhouse gas emissions in the region while promoting energy supply to meet the needs of emerging markets. Players in the business now have the chance to expand by providing green technology solutions. For example, ORC Systems and renewable energy experts Geothermal Development & Investment (GDI) and EXERGY International collaborated in June 2022 to spread ORC-powered geothermal power stations throughout Japan. With this, the businesses expanded across Southeast Asia and Africa, utilizing ORC technology for waste heat recovery and other heat-related renewable energy applications.