废热能源市场机会、成长要素、产业趋势分析及预测（2026年至2035年）

全球废热能源市场预计到 2025 年将达到 313 亿美元，到 2035 年将达到 779 亿美元，年复合成长率为 9%。

市场成长的驱动力来自日益严格的能源效率法规和不断增长的工业脱碳需求。水泥、钢铁、玻璃、化学、纸浆和造纸等重工业的运作过程温度很高，导致大量热损失。余热发电系统能够捕捉这些原本会被浪费的热量并将其转化为电能，帮助企业降低能耗、达到能源效率目标，并符合内部碳预算和ISO 50001等相关标准。能源价格的波动性使得现场发电尤为重要。热电联产系统能够提供可靠、低成本的电力，同时降低对电网的依赖和尖峰时段。多厂部署能够产生成本协同效应、提高功率因数并降低需量电价。在环境、社会和治理（ESG）倡议日益增多以及永续工业运作的推动下，热电联产系统正逐渐成为能源密集和排放密集型产业的策略性能源管理工具。从长远来看，这些系统能够为各行各业带来可观的成本节约和业务永续营运。

预计2025年，蒸气朗肯迴圈（SRC）市场规模将达到235亿美元，并在2035年之前维持7.5%的复合年增长率。由于其久经考验的汽轮机性能和广泛的工厂运营商认可，SRC仍然是拥有高温废热的行业的首选技术。它与现有锅炉和蒸气基础设施的兼容性使其成为大型工业应用的理想选择，从而促进了其在水泥、钢铁、石化和发电设施中的广泛应用。 SRC系统长期稳定的运作记录和可靠性增强了人们对其在连续工业流程中应用的信心。

预计到2025年，水泥产业将占据21.8%的市场份额，并在2035年之前以8.5%的复合年增长率成长。水泥生产和炼厂的高温製程会产生稳定的余热，可用于发电。不断上涨的能源成本和脱碳压力正促使工厂利用余热发电（WHP）系统来减少燃料消耗、外购电力以及对电网的依赖。监管要求和企业ESG（环境、社会和管治）倡议也进一步推动了余热发电的普及，使其成为提高能源效率、支持永续性目标和优化营运的有效解决方案。

预计2025年，北美废热发电市场规模将达33亿美元。石油炼製、化学、钢铁、食品加工和水泥等能源密集产业会产生大量热损失，这些热损失可用于现场发电。有机朗肯迴圈（ORC）系统因其应对力不同的温度曲线并可维修现有工业设施，而得到越来越广泛的应用。清洁能源计画的奖励，加上不断上涨的电价和企业永续性要求，正在加速废热发电系统作为一种经济高效且环境友善的分散式发电解决方案的普及。

目录

第一章调查方法和范围

第二章执行摘要

第三章业界考察

• 生态系分析
• 监管环境
• 产业影响因素
  • 司机
  • 产业潜在风险与挑战
• 成长潜力分析
• 波特五力分析
• PESTEL 分析
• 感应加热系统的成本结构分析
• 新的机会与趋势
• 投资分析及未来展望
• 将永续发展措施与工业4.0结合

第四章 竞争情势

• 介绍
• 按地区分類的公司市占率分析
  • 北美洲
  • 欧洲
  • 亚太地区
  • 中东和非洲
  • 拉丁美洲
• 战略仪錶板
• 策略倡议
• 竞争标竿分析
• 创新与永续性格局

第五章 依技术分類的市场规模及预测（2022-2035年）

• SRC
• ORC
• 卡琳娜

第六章 依应用领域分類的市场规模及预测（2022-2035年）

• 炼油
• 水泥
• 重金属
• 化学
• 纸
• 食品/饮料
• 玻璃
• 其他的

第七章 2022-2035年各地区市场规模及预测

• 北美洲
  • 我们
  • 加拿大
  • 墨西哥
• 欧洲
  • 德国
  • 英国
  • 义大利
  • 法国
  • 比利时
  • 西班牙
  • 俄罗斯
• 亚太地区
  • 中国
  • 澳洲
  • 印度
  • 日本
  • 韩国
• 中东和非洲
  • 沙乌地阿拉伯
  • 阿拉伯聯合大公国
  • 南非
• 拉丁美洲
  • 巴西
  • 阿根廷

第八章：公司简介

• AC Boiler SpA
• ALFA LAVAL
• Atlas Copco
• Aura GmbH &CO. KG
• Climeon
• Cochran Ltd.
• Durr Group
• Exergy International Srl
• Forbes Marshall
• General Electric
• IHI Corporation
• Mitsubishi Heavy Industries, Ltd.
• Ormat Technologies
• Rentech Boiler System
• Siemens Energy
• Thermax Ltd
• Turboden
• Walchandnagar Industries Limited（WIL）

The Global Waste Heat to Power Market was valued at USD 31.3 billion in 2025 and is estimated to grow at a CAGR of 9% to reach USD 77.9 billion by 2035.

The market growth is driven by stricter energy efficiency regulations and the rising need for industrial decarbonization. Heavy industries such as cement, steel, glass, chemicals, and pulp & paper operate with high-temperature processes that generate significant thermal losses. WHP systems capture this otherwise wasted heat and convert it into electricity, helping facilities reduce energy consumption, meet efficiency targets, and comply with internal carbon budgets or ISO 50001-style programs. Energy price volatility makes self-generation particularly valuable, as WHP provides reliable, low-cost power while reducing dependence on the grid and exposure to peak tariffs. Multi-plant deployments create cost synergies, improve power factor, and lower demand charges. Increasing ESG commitments and the drive toward sustainable industrial operations have positioned WHP as a strategic energy management tool for energy- and emissions-intensive industries. Over time, these systems provide measurable cost savings and operational resilience across sectors.

The Steam Rankine Cycle (SRC) segment reached USD 23.5 billion in 2025 and is forecasted to grow at a CAGR of 7.5% through 2035. SRC remains the preferred technology in industries with high-temperature waste heat availability due to its proven turbine performance and familiarity among plant operators. Its compatibility with existing boiler and steam infrastructure makes it ideal for large-scale industrial applications, supporting widespread adoption in cement, steel, petrochemical, and power generation facilities. The long operational history and reliability of SRC systems reinforce confidence in deploying them for continuous industrial processes.

The cement segment held a 21.8% share in 2025 and is expected to grow at a CAGR of 8.5% through 2035. High-temperature processes in cement and refinery operations create consistent waste heat streams suitable for electricity generation. Rising energy costs and decarbonization pressures are encouraging plants to leverage WHP systems to reduce fuel use, electricity purchases, and grid reliance. Regulatory requirements and corporate ESG initiatives further drive the adoption of WHP as a solution to enhance energy efficiency while supporting sustainability goals and operational optimization.

North America Waste Heat to Power Market generated USD 3.3 billion in 2025. Energy-intensive sectors such as petroleum refining, chemicals, steel, food processing, and cement contribute significant thermal losses that can be captured for on-site power generation. The adoption of Organic Rankine Cycle (ORC) systems is growing due to their flexibility in handling diverse temperature profiles and retrofitting capabilities for existing industrial sites. Incentives under clean energy programs, coupled with rising electricity costs and corporate sustainability mandates, are accelerating the deployment of WHP systems as a cost-effective and environmentally responsible solution for distributed power generation.

Key players operating in the Global Waste Heat to Power Market include AC Boiler SpA, ALFA LAVAL, Atlas Copco, Aura GmbH & CO. KG, Climeon, Cochran Ltd., Durr Group, Exergy International Srl, Forbes Marshall, General Electric, IHI Corporation, Mitsubishi Heavy Industries, Ltd., Ormat Technologies, Rentech Boiler System, Siemens Energy, Thermax Ltd, Turboden, and Walchandnagar Industries Limited (WIL). Companies in the waste heat to power market are adopting multiple strategies to strengthen their position and expand market share. These include investing in R&D to enhance efficiency and retrofit capabilities for diverse industrial heat sources. Firms are forming strategic alliances and partnerships with energy service providers and technology companies to expand deployment opportunities and integrate advanced control systems. Companies are also entering new geographic markets and providing turnkey solutions to increase adoption among heavy industrial clients.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Research design
  • 1.1.1 Research approach
  • 1.1.2 Data collection methods
• 1.2 Base estimates and calculations
  • 1.2.1 Base year calculation
  • 1.2.2 Market estimates & forecast parameters
• 1.3 Forecast
  • 1.3.1 Key trends for market estimates
  • 1.3.2 Quantified market impact analysis
    • 1.3.2.1 Mathematical impact of growth parameters on forecast
  • 1.3.3 Scenario analysis framework
• 1.4 Primary research and validation
  • 1.4.1 Some of the primary sources (but not limited to)
• 1.5 Data mining sources
  • 1.5.1 Paid Sources
  • 1.5.2 Sources, by region
• 1.6 Research trail & scoring components
  • 1.6.1 Research trail components
  • 1.6.2 Scoring components
• 1.7 Research transparency addendum
  • 1.7.1 Source attribution framework
  • 1.7.2 Quality assurance metrics
  • 1.7.3 Our commitment to trust
• 1.8 Market definitions

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2022 - 2035
  • 2.1.1 Business trends
  • 2.1.2 Technology trends
  • 2.1.3 Application trends
  • 2.1.4 Regional trends

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Regulatory landscape
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
  • 3.3.2 Industry pitfalls & challenges
• 3.4 Growth potential analysis
• 3.5 Porter's analysis
  • 3.5.1 Bargaining power of suppliers
  • 3.5.2 Bargaining power of buyers
  • 3.5.3 Threat of new entrants
  • 3.5.4 Threat of substitutes
• 3.6 PESTEL analysis
  • 3.6.1 Political factors
  • 3.6.2 Economic factors
  • 3.6.3 Social factors
  • 3.6.4 Technological factors
  • 3.6.5 Legal factors
  • 3.6.6 Environmental factors
• 3.7 Cost structure analysis of induction heating systems
• 3.8 Emerging opportunities & trends
• 3.9 Investment analysis & future prospects
• 3.10 Sustainability initiatives & industry 4.0 integration

Chapter 4 Competitive Landscape, 2025

• 4.1 Introduction
• 4.2 Company market share analysis, by region, 2025
  • 4.2.1 North America
  • 4.2.2 Europe
  • 4.2.3 Asia Pacific
  • 4.2.4 Middle East & Africa
  • 4.2.5 Latin America
• 4.3 Strategic dashboard
• 4.4 Strategic initiatives
• 4.5 Competitive benchmarking
• 4.6 Innovation & sustainability landscape

Chapter 5 Market Size and Forecast, By Technology, 2022 - 2035 (USD Million & MW)

• 5.1 Key trends
• 5.2 SRC
• 5.3 ORC
• 5.4 Kalina

Chapter 6 Market Size and Forecast, By Application, 2022 - 2035 (USD Million & MW)

• 6.1 Key trends
• 6.2 Petroleum refining
• 6.3 Cement
• 6.4 Heavy Metal
• 6.5 Chemical
• 6.6 Paper
• 6.7 Food & beverage
• 6.8 Glass
• 6.9 Others

Chapter 7 Market Size and Forecast, By Region, 2022 - 2035 (USD Million & MW)

• 7.1 Key trends
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Belgium
  • 7.3.6 Spain
  • 7.3.7 Russia
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 Australia
  • 7.4.3 India
  • 7.4.4 Japan
  • 7.4.5 South Korea
• 7.5 Middle East & Africa
  • 7.5.1 Saudi Arabia
  • 7.5.2 UAE
  • 7.5.3 South Africa
• 7.6 Latin America
  • 7.6.1 Brazil
  • 7.6.2 Argentina

Chapter 8 Company Profiles

• 8.1 AC Boiler SpA
• 8.2 ALFA LAVAL
• 8.3 Atlas Copco
• 8.4 Aura GmbH & CO. KG
• 8.5 Climeon
• 8.6 Cochran Ltd.
• 8.7 Durr Group
• 8.8 Exergy International Srl
• 8.9 Forbes Marshall
• 8.10 General Electric
• 8.11 IHI Corporation
• 8.12 Mitsubishi Heavy Industries, Ltd.
• 8.13 Ormat Technologies
• 8.14 Rentech Boiler System
• 8.15 Siemens Energy
• 8.16 Thermax Ltd
• 8.17 Turboden
• 8.18 Walchandnagar Industries Limited (WIL)