Asia Pacific ORC Waste Heat to Power Market - By Power Output (<= 1 Mwe, > 1 - 5 Mwe, > 5 - 10 MWe, > 10 Mwe), 2024 - 2032

Asia Pacific ORC Waste Heat to Power Market size will expand at 13.7% CAGR from 2024 to 2032, due to increasing partnership efforts across industries. Several companies are exploring joint ventures, sharing resources, and developing innovative solutions to maximize efficiency. In addition, these collaborations are continuing to drive advancements in sustainable energy for promoting the adoption of ORC systems globally. Multiple businesses are also integrating these technologies into their operations for expanding enhancing their energy utilization. For instance, in September 2022, Transitional Energy partnered with ElectraTherm, Inc. to convert the heat waste from the oil & gas industry into power using ORC waste heat to power technology.

The market is segregated into power output, application and country.

In terms of power output, the > 10 Mwe segment in the APAC ORC waste heat to power industry is set to experience growth at a significant rate through 2032. ORC technology is widely used for converting waste heat into power with an output exceeding 10 MWe. This process helps in capturing heat that would otherwise go unused and generates electricity for contributing to sustainable energy solutions. Moreover, ORC systems play a pivotal role in energy efficiency by further optimizing heat recovery processes. They are also increasingly integrated into industrial and environmental initiatives for enhancing the overall power generation capabilities and reducing reliance on traditional fossil fuels.

Japan ORC waste heat to power industry size is projected to depict robust growth between 2024 and 2032, driven by stringent energy efficiency regulations. Industries are actively adopting ORC systems to comply with these mandates, thereby enhancing their operational sustainability. Subsequently, technological advancements in ORC technology are further improving system efficiency and reliability for making them more attractive for widespread adoption. The increasing advancements are also playing a pivotal role in achieving higher energy efficiency standards and reducing environmental impacts through innovative waste heat recovery solutions in the country.