Global Organic Rankine Cycle System for Waste Heat Recovery Industry

Global Organic Rankine Cycle System for Waste Heat Recovery Industry Research & Trends Analysis Report

Global Organic Rankine Cycle System for Waste Heat Recovery Industry

Global Organic Rankine Cycle System for Waste Heat Recovery Industry Research & Trends Analysis Report

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According to Market IntelliX Research, the global market for Organic Rankine Cycle System for Waste Heat Recovery should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

China Organic Rankine Cycle System for Waste Heat Recovery market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

The United States Organic Rankine Cycle System for Waste Heat Recovery market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.

In terms of type, Upstream Sector segment holds a share about % in 2023 and will reach % in 2030; while in terms of application, Petroleum Refining has a share approximately % in 2023 and will grow at a CAGR % during 2024 and 2030.

The global key manufacturers of Organic Rankine Cycle System for Waste Heat Recovery include ABB, MHI, Siemens, GE, Kawasaki, Ormat, Foster Wheeler, Bosch and Echogen Power Systems, etc. In 2023, the global top five players hold a share approximately % in terms of revenue.

Waste heat refers to the sensible heat and latent heat that have not been rationally utilized in the original design in the energy-consuming devices of industrial enterprises that have been put into operation due to the limitations of history, technology, ideas and other factors. It includes waste heat of high-temperature exhaust gas, waste heat of cooling medium, waste heat of waste steam and waste water, waste heat of high-temperature products and slag, waste heat of chemical reaction, waste heat of combustible waste gas and liquid, waste heat, etc. According to the survey, the total waste heat resources of various industries account for about 17% to 67% of their total fuel consumption, and the recyclable waste heat resources are about 60% of the total waste heat resources.

This report aims to provide a comprehensive study of the global market for Organic Rankine Cycle System for Waste Heat Recovery. Report Highlights:

(1) Global Organic Rankine Cycle System for Waste Heat Recovery market size (value),history data from 2019-2024 and forecast data from 2024 to 2030.

(2) Global Organic Rankine Cycle System for Waste Heat Recovery market competitive situation, revenue and market share, from 2018 to 2022.

(3) China Organic Rankine Cycle System for Waste Heat Recovery market competitive situation, revenue and market share, from 2018 to 2022.

(4) Global Organic Rankine Cycle System for Waste Heat Recovery segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global Organic Rankine Cycle System for Waste Heat Recovery segment by type and by application and regional segment by type and by application.

(6) Organic Rankine Cycle System for Waste Heat Recovery industry supply chain, upstream, midstream and downstream analysis.

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa

Market segment by type, covers

Upstream Sector

Midstream Sector

Downstream Industry

Market segment by application, can be divided into

Petroleum Refining

Heavy Metal Production

Cement

Chemical

Others

Market segment by players, this report covers

ABB

MHI

Siemens

GE

Kawasaki

Ormat

Foster Wheeler

Bosch

Echogen Power Systems

EST (Wasabi)

Thermax

1 Market Overview

1.1 Product Overview and Scope of Organic Rankine Cycle System for Waste Heat Recovery

1.2 Global Organic Rankine Cycle System for Waste Heat Recovery Market Size and Forecast

1.3 China Organic Rankine Cycle System for Waste Heat Recovery Market Size and Forecast

1.4 China Market Percentage in Global

1.4.1 By Revenue, China Organic Rankine Cycle System for Waste Heat Recovery Share in Global Market, 2019-2030

1.4.2 Organic Rankine Cycle System for Waste Heat Recovery Market Size: China VS Global, 2019-2030

1.5 Organic Rankine Cycle System for Waste Heat Recovery Market Dynamics

1.5.1 Organic Rankine Cycle System for Waste Heat Recovery Market Drivers

1.5.2 Organic Rankine Cycle System for Waste Heat Recovery Market Restraints

1.5.3 Organic Rankine Cycle System for Waste Heat Recovery Industry Trends

1.5.4 Organic Rankine Cycle System for Waste Heat Recovery Industry Policy

2 Global Competitive Situation by Company

2.1 Global Organic Rankine Cycle System for Waste Heat Recovery Revenue by Company (2019-2024)

2.2 Global Organic Rankine Cycle System for Waste Heat Recovery Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.3 Global Organic Rankine Cycle System for Waste Heat Recovery Concentration Ratio

2.4 Global Organic Rankine Cycle System for Waste Heat Recovery Mergers & Acquisitions, Expansion Plans

2.5 Global Organic Rankine Cycle System for Waste Heat Recovery Manufacturers Product Type

3 China Competitive Situation by Company

3.1 China Organic Rankine Cycle System for Waste Heat Recovery Revenue by Company (2019-2024)

3.2 China Organic Rankine Cycle System for Waste Heat Recovery Organic Rankine Cycle System for Waste Heat Recovery Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.3 China Organic Rankine Cycle System for Waste Heat Recovery, Revenue Percentage of Local Players VS Foreign Manufacturers (2019-2024)

4 Industry Chain Analysis

4.1 Organic Rankine Cycle System for Waste Heat Recovery Industry Chain

4.2 Organic Rankine Cycle System for Waste Heat Recovery Upstream Analysis

4.3 Organic Rankine Cycle System for Waste Heat Recovery Midstream Analysis

4.4 Organic Rankine Cycle System for Waste Heat Recovery Downstream Analysis

5 Sights by Type

5.1 Organic Rankine Cycle System for Waste Heat Recovery Classification

5.1.1 Upstream Sector

5.1.2 Midstream Sector

5.1.3 Downstream Industry

5.2 By Type, Global Organic Rankine Cycle System for Waste Heat Recovery Market Size & CAGR, 2019 VS 2024 VS 2030

5.3 By Type, Global Organic Rankine Cycle System for Waste Heat Recovery Revenue, 2019-2030

6 Sights by Application

6.1 Organic Rankine Cycle System for Waste Heat Recovery Segment by Application

6.1.1 Petroleum Refining

6.1.2 Heavy Metal Production

6.1.3 Cement

6.1.4 Chemical

6.1.5 Others

6.2 By Application, Global Organic Rankine Cycle System for Waste Heat Recovery Market Size & CAGR, 2019 VS 2024 VS 2030

6.3 By Application, Global Organic Rankine Cycle System for Waste Heat Recovery Revenue, 2019-2030

7 Sales Sights by Region

7.1 By Region, Global Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019 VS 2024 VS 2030

7.2 By Region, Global Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019-2030

7.3 North America

7.3.1 North America Organic Rankine Cycle System for Waste Heat Recovery Market Size & Forecasts, 2019-2030

7.3.2 By Country, North America Organic Rankine Cycle System for Waste Heat Recovery Market Size Market Share

7.4 Europe

7.4.1 Europe Organic Rankine Cycle System for Waste Heat Recovery Market Size & Forecasts, 2019-2030

7.4.2 By Country, Europe Organic Rankine Cycle System for Waste Heat Recovery Market Size Market Share

7.5 Asia Pacific

7.5.1 Asia Pacific Organic Rankine Cycle System for Waste Heat Recovery Market Size & Forecasts, 2019-2030

7.5.2 By Country/Region, Asia Pacific Organic Rankine Cycle System for Waste Heat Recovery Market Size Market Share

7.6 South America

7.6.1 South America Organic Rankine Cycle System for Waste Heat Recovery Market Size & Forecasts, 2019-2030

7.6.2 By Country, South America Organic Rankine Cycle System for Waste Heat Recovery Market Size Market Share

7.7 Middle East & Africa

8 Sights by Country Level

8.1 By Country, Global Organic Rankine Cycle System for Waste Heat Recovery Market Size & CAGR，2019 VS 2024 VS 2030

8.2 By Country, Global Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019-2030

8.3 U.S.

8.3.1 U.S. Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019-2030

8.3.2 By Company, U.S. Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2019-2024

8.3.3 By Type, U.S. Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.3.4 By Application, U.S. Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.4 Europe

8.4.1 Europe Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019-2030

8.4.2 By Company, Europe Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2019-2024

8.4.3 By Type, Europe Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.4.4 By Application, Europe Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.5 China

8.5.1 China Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019-2030

8.5.2 By Company, China Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2019-2024

8.5.3 By Type, China Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.5.4 By Application, China Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.6 Japan

8.6.1 Japan Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019-2030

8.6.2 By Company, Japan Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2019-2024

8.6.3 By Type, Japan Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.6.4 By Application, Japan Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.7 South Korea

8.7.1 South Korea Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019-2030

8.7.2 By Company, South Korea Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2019-2024

8.7.3 By Type, South Korea Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.7.4 By Application, South Korea Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.8 Southeast Asia

8.8.1 Southeast Asia Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019-2030

8.8.2 By Company, Southeast Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2019-2024

8.8.3 By Type, Southeast Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.8.4 By Application, Southeast Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.9 India

8.9.1 India Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019-2030

8.9.2 By Company, India Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2019-2024

8.9.3 By Type, India Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.9.4 By Application, India Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.10 Middle East & Asia

8.10.1 Middle East & Asia Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2019-2030

8.10.2 By Company, Middle East & Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2019-2024

8.10.3 By Type, Middle East & Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

8.10.4 By Application, Middle East & Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2023 VS 2030

9 Global Manufacturers Profile

9.1 ABB

9.1.1 ABB Company Information, Head Office, Market Area and Industry Position

9.1.2 ABB Company Profile and Main Business

9.1.3 ABB Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.1.4 ABB Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.1.5 ABB Recent Developments

9.2 MHI

9.2.1 MHI Company Information, Head Office, Market Area and Industry Position

9.2.2 MHI Company Profile and Main Business

9.2.3 MHI Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.2.4 MHI Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.2.5 MHI Recent Developments

9.3 Siemens

9.3.1 Siemens Company Information, Head Office, Market Area and Industry Position

9.3.2 Siemens Company Profile and Main Business

9.3.3 Siemens Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.3.4 Siemens Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.3.5 Siemens Recent Developments

9.4 GE

9.4.1 GE Company Information, Head Office, Market Area and Industry Position

9.4.2 GE Company Profile and Main Business

9.4.3 GE Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.4.4 GE Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.4.5 GE Recent Developments

9.5 Kawasaki

9.5.1 Kawasaki Company Information, Head Office, Market Area and Industry Position

9.5.2 Kawasaki Company Profile and Main Business

9.5.3 Kawasaki Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.5.4 Kawasaki Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.5.5 Kawasaki Recent Developments

9.6 Ormat

9.6.1 Ormat Company Information, Head Office, Market Area and Industry Position

9.6.2 Ormat Company Profile and Main Business

9.6.3 Ormat Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.6.4 Ormat Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.6.5 Ormat Recent Developments

9.7 Foster Wheeler

9.7.1 Foster Wheeler Company Information, Head Office, Market Area and Industry Position

9.7.2 Foster Wheeler Company Profile and Main Business

9.7.3 Foster Wheeler Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.7.4 Foster Wheeler Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.7.5 Foster Wheeler Recent Developments

9.8 Bosch

9.8.1 Bosch Company Information, Head Office, Market Area and Industry Position

9.8.2 Bosch Company Profile and Main Business

9.8.3 Bosch Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.8.4 Bosch Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.8.5 Bosch Recent Developments

9.9 Echogen Power Systems

9.9.1 Echogen Power Systems Company Information, Head Office, Market Area and Industry Position

9.9.2 Echogen Power Systems Company Profile and Main Business

9.9.3 Echogen Power Systems Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.9.4 Echogen Power Systems Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.9.5 Echogen Power Systems Recent Developments

9.10 EST (Wasabi)

9.10.1 EST (Wasabi) Company Information, Head Office, Market Area and Industry Position

9.10.2 EST (Wasabi) Company Profile and Main Business

9.10.3 EST (Wasabi) Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.10.4 EST (Wasabi) Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.10.5 EST (Wasabi) Recent Developments

9.11 Thermax

9.11.1 Thermax Company Information, Head Office, Market Area and Industry Position

9.11.2 Thermax Company Profile and Main Business

9.11.3 Thermax Organic Rankine Cycle System for Waste Heat Recovery Models, Specifications and Application

9.11.4 Thermax Organic Rankine Cycle System for Waste Heat Recovery Revenue and Gross Margin, 2019-2024

9.11.5 Thermax Recent Developments

10 Conclusion

11 Appendix

11.1 Research Methodology

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Market Estimation Model

11.4 Disclaimer

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Global Organic Rankine Cycle System for Waste Heat Recovery Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
How are players chosen for the research coverage of the Global Organic Rankine Cycle System for Waste Heat Recovery Market study?
MI used a variety of industry standards such as NAICS, ICB, TRIC, and others to identify functional players in the industry, which they then shortlist and validate in an iterative process to finalize the most relevant players.
What is the forecasted growth rate of the Global Organic Rankine Cycle System for Waste Heat Recovery Market?
The Global Organic Rankine Cycle System for Waste Heat Recovery Market is expected to grow at a moderate CAGR during the forecast period of 2025 to 2030.
What are the underlying opportunities in the Global Organic Rankine Cycle System for Waste Heat Recovery Market?
The influx of capital into the Global Organic Rankine Cycle System for Waste Heat Recovery Market, as well as the deployment of technologies designed to increase efficiency and yield high volume, are paving the way for promising market opportunities.
What is the estimated global market value of the Global Organic Rankine Cycle System for Waste Heat Recovery Market?
The Global Organic Rankine Cycle System for Waste Heat Recovery Market is expected to reach a considerable market valuation.