APO RESEARCH · REPORT
Waste Heat to Power
Waste heat to power (WHP) is the process of capturing heat discarded by an existing industrial process and using that heat to generate power.
Product & engineering
Understand the product.
Waste heat to power (WHP) is the process of capturing heat discarded by an existing industrial process and using that heat to generate power.
Energy intensive industrial processes—such as those occurring at refineries, steel mills, glass furnaces, and cement kilns—all release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity (see Appendix). The recovery of industrial waste heat for power is a largely untapped type of combined heat and power (CHP), which is the use of a single fuel source to generate both thermal energy (heating or cooling) and electricity.
Selected research
Market Structure
Global Waste Heat to Power Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
Waste heat to power (WHP) is the process of capturing heat discarded by an existing industrial process and using that heat to generate power.
Energy intensive industrial processes—such as those occurring at refineries, steel mills, glass furnaces, and cement kilns—all release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity (see Appendix). The recovery of industrial waste heat for power is a largely untapped type of combined heat and power (CHP), which is the use of a single fuel source to generate both thermal energy (heating or cooling) and electricity.
Europe is the largest Waste Heat to Power market with about 53% market share. North America is follower, accounting for about 30% market share.
Read the full market overview
The key players are Siemens, GE, ABB, Amec Foster Wheeler, Ormat, MHI, Exergy, ElectraTherm, Dürr Cyplan, GETEC, CNBM, DaLian East, E-Rational etc. Top 3 companies occupied about 51% market share.
The report provides an overview of the global Waste Heat to Power market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Waste Heat to Power and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Waste Heat to Power sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Waste Heat to Power market size, projected growth trends, production technologies, key applications, and end-use industries.
Waste Heat to Power Segment by Company
Siemens
GE
ABB
Amec Foster Wheeler
Ormat
MHI
Exergy
ElectraTherm
Dürr Cyplan
GETEC
CNBM
DaLian East
E-Rational
Waste Heat to Power Segment by Type
Steam Rankine Cycle
Organic Rankine Cycles
Kalina Cycle
Waste Heat to Power Segment by Application
Chemical Industry
Metal Manufacturing
Oil and Gas
Others
Waste Heat to Power Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Waste Heat to Power market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Waste Heat to Power and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Waste Heat to Power.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Provides an overview of the Waste Heat to Power market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Waste Heat to Power industry.
Chapter 3: Detailed analysis of Waste Heat to Power market competition landscape. Including Waste Heat to Power manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Waste Heat to Power by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Waste Heat to Power in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Steam Rankine Cycle
- Organic Rankine Cycles
- Kalina Cycle
Applications
- Chemical Industry
- Metal Manufacturing
- Oil and Gas
- Others
Companies covered
- Siemens
- GE
- ABB
- Amec Foster Wheeler
- Ormat
- MHI
- Exergy
- ElectraTherm
- Dürr Cyplan
- GETEC
- CNBM
- DaLian East
- E-Rational
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Waste Heat to Power Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Waste Heat to Power Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Waste Heat to Power Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Waste Heat to Power Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Waste Heat to Power Market Dynamics
- 2.1 Waste Heat to Power Industry Trends
- 2.2 Waste Heat to Power Industry Drivers
- 2.3 Waste Heat to Power Industry Opportunities and Challenges
- 2.4 Waste Heat to Power Industry Restraints
3 Waste Heat to Power Market by Manufacturers
- 3.1 Global Waste Heat to Power Production Value by Manufacturers (2021-2026)
- 3.2 Global Waste Heat to Power Production by Manufacturers (2021-2026)
- 3.3 Global Waste Heat to Power Average Price by Manufacturers (2021-2026)
- 3.4 Global Waste Heat to Power Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Waste Heat to Power Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global Waste Heat to Power Manufacturers, Product Type & Application
- 3.7 Global Waste Heat to Power Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Waste Heat to Power Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Waste Heat to Power Players Market Share by Production Value in 2025
- 3.8.3 2025 Waste Heat to Power Tier 1, Tier 2, and Tier 3
4 Waste Heat to Power Market by Type
- 4.1 Waste Heat to Power Type Introduction
- 4.1.1 Steam Rankine Cycle
- 4.1.2 Organic Rankine Cycles
- 4.1.3 Kalina Cycle
- 4.2 Global Waste Heat to Power Production by Type
- 4.2.1 Global Waste Heat to Power Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Waste Heat to Power Production by Type (2021-2032)
- 4.2.3 Global Waste Heat to Power Production Market Share by Type (2021-2032)
- 4.3 Global Waste Heat to Power Production Value by Type
- 4.3.1 Global Waste Heat to Power Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Waste Heat to Power Production Value by Type (2021-2032)
- 4.3.3 Global Waste Heat to Power Production Value Market Share by Type (2021-2032)
5 Waste Heat to Power Market by Application
- 5.1 Waste Heat to Power Application Introduction
- 5.1.1 Chemical Industry
- 5.1.2 Metal Manufacturing
- 5.1.3 Oil and Gas
- 5.1.4 Others
- 5.2 Global Waste Heat to Power Production by Application
- 5.2.1 Global Waste Heat to Power Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Waste Heat to Power Production by Application (2021-2032)
- 5.2.3 Global Waste Heat to Power Production Market Share by Application (2021-2032)
- 5.3 Global Waste Heat to Power Production Value by Application
- 5.3.1 Global Waste Heat to Power Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Waste Heat to Power Production Value by Application (2021-2032)
- 5.3.3 Global Waste Heat to Power Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 Siemens
- 6.1.1 Siemens Company Information
- 6.1.2 Siemens Business Overview
- 6.1.3 Siemens Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.1.4 Siemens Waste Heat to Power Product Portfolio
- 6.1.5 Siemens Recent Developments
- 6.2 GE
- 6.2.1 GE Company Information
- 6.2.2 GE Business Overview
- 6.2.3 GE Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.2.4 GE Waste Heat to Power Product Portfolio
- 6.2.5 GE Recent Developments
- 6.3 ABB
- 6.3.1 ABB Company Information
- 6.3.2 ABB Business Overview
- 6.3.3 ABB Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.3.4 ABB Waste Heat to Power Product Portfolio
- 6.3.5 ABB Recent Developments
- 6.4 Amec Foster Wheeler
- 6.4.1 Amec Foster Wheeler Company Information
- 6.4.2 Amec Foster Wheeler Business Overview
- 6.4.3 Amec Foster Wheeler Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.4.4 Amec Foster Wheeler Waste Heat to Power Product Portfolio
- 6.4.5 Amec Foster Wheeler Recent Developments
- 6.5 Ormat
- 6.5.1 Ormat Company Information
- 6.5.2 Ormat Business Overview
- 6.5.3 Ormat Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.5.4 Ormat Waste Heat to Power Product Portfolio
- 6.5.5 Ormat Recent Developments
- 6.6 MHI
- 6.6.1 MHI Company Information
- 6.6.2 MHI Business Overview
- 6.6.3 MHI Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.6.4 MHI Waste Heat to Power Product Portfolio
- 6.6.5 MHI Recent Developments
- 6.7 Exergy
- 6.7.1 Exergy Company Information
- 6.7.2 Exergy Business Overview
- 6.7.3 Exergy Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.7.4 Exergy Waste Heat to Power Product Portfolio
- 6.7.5 Exergy Recent Developments
- 6.8 ElectraTherm
- 6.8.1 ElectraTherm Company Information
- 6.8.2 ElectraTherm Business Overview
- 6.8.3 ElectraTherm Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.8.4 ElectraTherm Waste Heat to Power Product Portfolio
- 6.8.5 ElectraTherm Recent Developments
- 6.9 Dürr Cyplan
- 6.9.1 Dürr Cyplan Company Information
- 6.9.2 Dürr Cyplan Business Overview
- 6.9.3 Dürr Cyplan Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.9.4 Dürr Cyplan Waste Heat to Power Product Portfolio
- 6.9.5 Dürr Cyplan Recent Developments
- 6.10 GETEC
- 6.10.1 GETEC Company Information
- 6.10.2 GETEC Business Overview
- 6.10.3 GETEC Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.10.4 GETEC Waste Heat to Power Product Portfolio
- 6.10.5 GETEC Recent Developments
- 6.11 CNBM
- 6.11.1 CNBM Company Information
- 6.11.2 CNBM Business Overview
- 6.11.3 CNBM Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.11.4 CNBM Waste Heat to Power Product Portfolio
- 6.11.5 CNBM Recent Developments
- 6.12 DaLian East
- 6.12.1 DaLian East Company Information
- 6.12.2 DaLian East Business Overview
- 6.12.3 DaLian East Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.12.4 DaLian East Waste Heat to Power Product Portfolio
- 6.12.5 DaLian East Recent Developments
- 6.13 E-Rational
- 6.13.1 E-Rational Company Information
- 6.13.2 E-Rational Business Overview
- 6.13.3 E-Rational Waste Heat to Power Production, Value and Gross Margin (2021-2026)
- 6.13.4 E-Rational Waste Heat to Power Product Portfolio
- 6.13.5 E-Rational Recent Developments
7 Global Waste Heat to Power Production by Region
- 7.1 Global Waste Heat to Power Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Waste Heat to Power Production by Region (2021-2032)
- 7.2.1 Global Waste Heat to Power Production by Region (2021-2026)
- 7.2.2 Global Waste Heat to Power Production Forecast by Region (2027-2032)
- 7.3 Global Waste Heat to Power Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Waste Heat to Power Production Value by Region (2021-2032)
- 7.4.1 Global Waste Heat to Power Production Value by Region (2021-2026)
- 7.4.2 Global Waste Heat to Power Production Value by Region (2027-2032)
- 7.5 Global Waste Heat to Power Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Waste Heat to Power Production Value (2021-2032)
- 7.6.2 Europe Waste Heat to Power Production Value (2021-2032)
- 7.6.3 Asia-Pacific Waste Heat to Power Production Value (2021-2032)
- 7.6.4 South America Waste Heat to Power Production Value (2021-2032)
- 7.6.5 Middle East & Africa Waste Heat to Power Production Value (2021-2032)
8 Global Waste Heat to Power Consumption by Region
- 8.1 Global Waste Heat to Power Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Waste Heat to Power Consumption by Region (2021-2032)
- 8.2.1 Global Waste Heat to Power Consumption by Region (2021-2026)
- 8.2.2 Global Waste Heat to Power Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Waste Heat to Power Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Waste Heat to Power Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Waste Heat to Power Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Waste Heat to Power Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Waste Heat to Power Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Waste Heat to Power Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Waste Heat to Power Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Waste Heat to Power Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Waste Heat to Power Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Waste Heat to Power Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 Waste Heat to Power Value Chain Analysis
- 9.1.1 Waste Heat to Power Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 Waste Heat to Power Production Mode & Process
- 9.2 Waste Heat to Power Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Waste Heat to Power Distributors
- 9.2.3 Waste Heat to Power Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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