According to the latest research analysis,the global market for Organic Rankine Cycle System for Waste Heat Recovery should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.
China Organic Rankine Cycle System for Waste Heat Recovery market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.
The United States Organic Rankine Cycle System for Waste Heat Recovery market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.
In terms of type, Upstream Sector segment holds a share about % in 2022 and will reach % in 2029; while in terms of application, Petroleum Refining has a share approximately % in 2022 and will grow at a CAGR % during 2023 and 2029.
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 2022, 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.
Data-Driven Insights: Highlights from Our Report
(1) Global Organic Rankine Cycle System for Waste Heat Recovery market size (value), history data from 2018-2022 and forecast data from 2023 to 2029.
(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.
Breaking Down Market Segments by Region: A Deep Dive Analysis
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
Understanding Market Segments by Type: A Comparative Analysis
Upstream Sector
Midstream Sector
Downstream Industry
Market Segmentation by Application: Dividing Key Markets and Identifying Opportunities
Petroleum Refining
Heavy Metal Production
Cement
Chemical
Others
Understanding Market Segments by Key Players: Insights and Opportunities
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, 2018-2029
1.4.2 Organic Rankine Cycle System for Waste Heat Recovery Market Size: China VS Global, 2018-2029
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 (2018-2023)
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 (2018-2023)
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 (2018-2023)
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, 2018 VS 2022 VS 2029
5.3 By Type, Global Organic Rankine Cycle System for Waste Heat Recovery Revenue, 2018-2029
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, 2018 VS 2022 VS 2029
6.3 By Application, Global Organic Rankine Cycle System for Waste Heat Recovery Revenue, 2018-2029
7 Sales Sights by Region
7.1 By Region, Global Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018 VS 2022 VS 2029
7.2 By Region, Global Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018-2029
7.3 North America
7.3.1 North America Organic Rankine Cycle System for Waste Heat Recovery Market Size & Forecasts, 2018-2029
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, 2018-2029
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, 2018-2029
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, 2018-2029
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,2018 VS 2022 VS 2029
8.2 By Country, Global Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018-2029
8.3 U.S.
8.3.1 U.S. Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018-2029
8.3.2 By Company, U.S. Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2018-2023
8.3.3 By Type, U.S. Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.3.4 By Application, U.S. Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.4 Europe
8.4.1 Europe Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018-2029
8.4.2 By Company, Europe Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2018-2023
8.4.3 By Type, Europe Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.4.4 By Application, Europe Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.5 China
8.5.1 China Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018-2029
8.5.2 By Company, China Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2018-2023
8.5.3 By Type, China Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.5.4 By Application, China Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.6 Japan
8.6.1 Japan Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018-2029
8.6.2 By Company, Japan Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2018-2023
8.6.3 By Type, Japan Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.6.4 By Application, Japan Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.7 South Korea
8.7.1 South Korea Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018-2029
8.7.2 By Company, South Korea Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2018-2023
8.7.3 By Type, South Korea Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.7.4 By Application, South Korea Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.8 Southeast Asia
8.8.1 Southeast Asia Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018-2029
8.8.2 By Company, Southeast Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2018-2023
8.8.3 By Type, Southeast Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.8.4 By Application, Southeast Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.9 India
8.9.1 India Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018-2029
8.9.2 By Company, India Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2018-2023
8.9.3 By Type, India Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.9.4 By Application, India Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.10 Middle East & Asia
8.10.1 Middle East & Asia Organic Rankine Cycle System for Waste Heat Recovery Market Size, 2018-2029
8.10.2 By Company, Middle East & Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2018-2023
8.10.3 By Type, Middle East & Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
8.10.4 By Application, Middle East & Asia Organic Rankine Cycle System for Waste Heat Recovery Revenue Market Share, 2022 VS 2029
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, 2018-2023
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, 2018-2023
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, 2018-2023
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, 2018-2023
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, 2018-2023
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, 2018-2023
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, 2018-2023
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, 2018-2023
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, 2018-2023
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, 2018-2023
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, 2018-2023
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
Methodology/Research Approach
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.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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