Asia Pacific Orc Waste Heat To Power Market Size, Revenue, Trends and Future Challenges
Asia Pacific ORC Waste Heat to Power Market Growth, Size, Trends Analysis - By Power - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: POAE2543 | Pages: 1 - 158 | Formats*: |
| Category : Power & Energy | |||
Asia Pacific ORC Waste Heat to Power Market Introduction and Overview
According to SPER Market Research, the Asia Pacific ORC Waste Heat to Power Market is estimated to reach USD 9.69 billion by 2034 with a CAGR of 13.97%.
The report includes an in-depth analysis of the Asia Pacific ORC Waste Heat to Power Market, including market size and trends, product mix, Applications, and supplier analysis. The Asia Pacific market for turning industrial waste heat into power using Organic Rankine Cycle (ORC) technology is experiencing significant growth. This expansion is fueled by a growing industry focus on harnessing consistent medium and low-temperature heat sources for electricity generation, alongside increasing global awareness of climate change and the need for environmental sustainability. Furthermore, stricter regulations aimed at lowering carbon dioxide emissions and the rising use of geothermal and biomass energy systems are expected to boost the industry. However, High initial investment costs and the necessity for customized solutions due to varied waste heat characteristics present significant hurdles for the widespread adoption of ORC technology in the Asia Pacific region.
By Power Insights:
The ≤1 MWe market in the Asia Pacific region is experiencing growth due to the dependability, versatility, and efficiency of ORC systems. Their compact size suits space-constrained sites, while modular designs allow easy scalability and customization. Manufacturers work closely with end-users to tailor solutions, ensuring cost-effectiveness and operational dependability for smaller-scale energy installations across diverse industries and applications.
Regional Insights:
The Chinese market for ORC-based waste heat to power technology is expected to see substantial growth, surpassing two and a half billion USD by 2032. China's strong emphasis on renewable energy development, driven by the goals of reducing reliance on coal and combating air pollution, is promoting the adoption of ORC systems for generating power from geothermal, biomass, and industrial waste heat. This aligns with the country's broader renewable energy targets. For example, in 2022, China experienced a significant expansion in its renewable energy capacity, demonstrating a notable increase compared to the previous year. This growth in renewables is anticipated to create a positive environment for the increased use of ORC technology throughout China in the future.
Market Competitive Landscape:
The Asia-Pacific electrical bushing market is extremely competitive, market is characterised by fierce rivalry, technical developments, and product innovation. Key market participants include ABB, ALFA LAVAL, Atlas Copco AB, CTMI - Steam Turbines, Dürr Group, Enertime, ENOGIA, General Electric, Mitsubishi Heavy Industries, Ltd., Opel Energy Systems Pvt. Ltd., Ormat Technologies, Zhejiang Kaishan Compressor Co., Ltd.
Recent Developments:
Mitsubishi Heavy Industries introduced a 200–700 kW binary power generation system in September 2022. This system utilizes ORC technology to harness waste heat from sulfur-free fuel engines and is designed for diverse vessel applications, promising high efficiency and requiring minimal upkeep.
In November 2021, Alfa Laval presented their ORC solutions as a comprehensive set of integrated marine equipment through virtual engineering. The company focuses on providing advanced technologies for material purification, refinement, and reuse, thereby promoting more efficient utilization of natural resources.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Power |
| Regions covered | Australia, China, India, Japan, South Korea, Rest of Asia-Pacific |
| Companies Covered | ABB, ALFA LAVAL, Atlas Copco AB, CTMI - Steam Turbines, Dürr Group, Enertime, ENOGIA, General Electric, Mitsubishi Heavy Industries, Ltd., Opel Energy Systems Pvt. Ltd., Ormat Technologies, Zhejiang Kaishan Compressor Co., Ltd. |
- Asia Pacific ORC Waste Heat to Power Market Size (FY’2021-FY’2034)
- Overview of Asia Pacific ORC Waste Heat to Power Market
- Segmentation of Asia Pacific ORC Waste Heat to Power Market By Power (≤ 1 Mwe, > 1 - 5 Mwe, > 5 - 10 Mwe, > 10 Mwe)
- Statistical Snap of Asia Pacific ORC Waste Heat to Power Market
- Expansion Analysis of Asia Pacific ORC Waste Heat to Power Market
- Problems and Obstacles in Asia Pacific ORC Waste Heat to Power Market
- Competitive Landscape in the Asia Pacific ORC Waste Heat to Power Market
- Details on Current Investment in Asia Pacific ORC Waste Heat to Power Market
- Competitive Analysis of Asia Pacific ORC Waste Heat to Power Market
- Prominent Players in the Asia Pacific ORC Waste Heat to Power Market
- SWOT Analysis of Asia Pacific ORC Waste Heat to Power Market
- Asia Pacific ORC Waste Heat to Power Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Asia Pacific ORC Waste Heat to Power Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific ORC Waste Heat to Power Market
7. Asia Pacific ORC Waste Heat to Power Market, By Power (USD Million) 2021-2034
- 7.1. ≤ 1 Mwe
- 7.2. > 1 - 5 Mwe
- 7.3. > 5 - 10 Mwe
- 7.4. > 10 Mwe
8. Asia Pacific ORC Waste Heat to Power Market, (USD Million) 2021-2034
- 8.1. Asia Pacific ORC Waste Heat to Power Market Size and Market Share
9. Asia Pacific ORC Waste Heat to Power Market, By Region, (USD Million) 2021-2034
- 9.1. Australia
- 9.2. China
- 9.3. India
- 9.4. Japan
- 9.5. South Korea
- 9.6. Rest of Asia-Pacific
10. Company Profile
- 10.1. ABB
- 10.1.1. Company details
- 10.1.2. Financial outlook
- 10.1.3. Product summary
- 10.1.4. Recent developments
- 10.2. ALFA LAVAL
- 10.2.1. Company details
- 10.2.2. Financial outlook
- 10.2.3. Product summary
- 10.2.4. Recent developments
- 10.3. Atlas Copco AB
- 10.3.1. Company details
- 10.3.2. Financial outlook
- 10.3.3. Product summary
- 10.3.4. Recent developments
- 10.4. CTMI - Steam Turbines
- 10.4.1. Company details
- 10.4.2. Financial outlook
- 10.4.3. Product summary
- 10.4.4. Recent developments
- 10.5. Dürr Group
- 10.5.1. Company details
- 10.5.2. Financial outlook
- 10.5.3. Product summary
- 10.5.4. Recent developments
- 10.6. Enertime
- 10.6.1. Company details
- 10.6.2. Financial outlook
- 10.6.3. Product summary
- 10.6.4. Recent developments
- 10.7. ENOGIA
- 10.7.1. Company details
- 10.7.2. Financial outlook
- 10.7.3. Product summary
- 10.7.4. Recent developments
- 10.8. General Electric
- 10.8.1. Company details
- 10.8.2. Financial outlook
- 10.8.3. Product summary
- 10.8.4. Recent developments
- 10.9. Mitsubishi Heavy Industries, Ltd.
- 10.9.1. Company details
- 10.9.2. Financial outlook
- 10.9.3. Product summary
- 10.9.4. Recent developments
- 10.10. Opel Energy Systems Pvt. Ltd.
- 10.10.1. Company details
- 10.10.2. Financial outlook
- 10.10.3. Product summary
- 10.10.4. Recent developments
- 10.11. Ormat Technologies
- 10.11.1. Company details
- 10.11.2. Financial outlook
- 10.11.3. Product summary
- 10.11.4. Recent developments
- 10.12. Zhejiang Kaishan Compressor Co., Ltd.
- 10.12.1. Company details
- 10.12.2. Financial outlook
- 10.12.3. Product summary
- 10.12.4. Recent developments
- 10.13. Others
11. Conclusion
12. List of Abbreviations
13. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Pacific ORC Waste Heat to Power Market is projected to reach USD 9.69 billion by 2034, growing at a CAGR of of 13.97% during the forecast period.
Asia Pacific ORC Waste Heat to Power Market grew in Market size from 2025. The Market is expected to reach USD 9.69 billion by 2034, at a CAGR of 13.97% during the forecast period.
Asia Pacific ORC Waste Heat to Power Market CAGR of 13.97% during the forecast period.
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Asia Pacific ORC Waste Heat to Power Market size is USD 9.69 billion from 2025 to 2034.
Asia Pacific ORC Waste Heat to Power Market is covered By Power
The Australia, China, India, Japan, South Korea, Rest of Asia-Pacific is the highest Market share in the Asia Pacific ORC Waste Heat to Power Market.
ABB, ALFA LAVAL, Atlas Copco AB, CTMI - Steam Turbines, Dürr Group, Enertime, ENOGIA, General Electric, Mitsubishi Heavy Industries, Ltd., Opel Energy Systems Pvt. Ltd., Ormat Technologies, Zhejiang Kaishan Compressor Co., Ltd.
The report includes an in-depth analysis of the Asia Pacific ORC Waste Heat to Power Market, including market size and trends, product mix, Applications, and supplier analysis.
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