ORC Waste Heat to Power Market Size

ORC Waste Heat to Power Market size was over USD 3.34 billion in 2024 and is projected to exceed USD 17.53 billion by the end of 2037, witnessing over 13.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of organic rankine cycle waste heat to power is evaluated at USD 3.7 billion. The need for an effective waste heat recovery system will be fueled by the heavy industries' rising electricity demand, which will further accelerate the adoption of organic rankine cycle (ORC) units. Around 30% of the world's total primary energy consumption is met by the industrial sector, which includes the production of iron, steel, cement, chemicals, and petrochemicals.

In addition to these, as the demand for electricity has increased, energy consumption has been rising annually all across the world. Fossil fuel-based energy production accounts for almost one-third of global greenhouse gas emissions, which contribute to pollution and climate change.