Europe Waste Heat to Power Market Size - By Technology (SRC, ORC, Kalina), By End-Use (Petroleum Refining, Cement, Heavy Metal, Chemical, Paper, Food & Beverages, Glass) & Forecast, 2023 - 2032

Europe Waste Heat to Power Market Size - By Technology (SRC, ORC, Kalina), By End-Use (Petroleum Refining, Cement, Heavy Metal, Chemical, Paper, Food & Beverages, Glass) & Forecast, 2023 - 2032

Europe Waste Heat to Power Market will witness over 10% CAGR between 2023 and 2032 due to heightened initiatives and investments in clean energy. With a pronounced shift towards sustainable practices, industries are actively seeking innovative solutions to convert excess heat into usable electricity.

For instance, in November 2023, The European Union's investment arm, the European Investment Fund (EIF), backed a private fund aiming to construct power projects in locations like hospitals and data centers, reducing energy wastage. With an investment of 125 million euros, EIF supported the 'Green Energy Solutions Fund' managed by Sustainable Development Capital (SDCL), aiding the fund in reaching its fundraising goal of 650 million euros ($707 million). Projects within the fund's scope involve establishing solar power or waste-to-heat plants and facilitating building retrofits for enhanced sustainability.

This surge is fueled by substantial investments in clean energy initiatives, aligning with environmental goals and regulations. The growing support and focus on waste heat utilization signify a collective commitment towards enhancing energy efficiency and reducing the carbon footprint across various sectors in Europe.

The overall Europe Waste Heat to Power Market share is classified based on the technology, end-use, and region.

Organic Rankine Cycle (ORC) segment will undergo significant development from 2023 to 2032. ORC systems effectively harness waste heat from various industrial processes, converting it into usable electricity. With a focus on sustainability and energy efficiency, industries across Europe are increasingly integrating ORC-based solutions. These systems offer a versatile approach to utilizing waste heat, aligning with environmental goals and regulations while providing a viable pathway to repurpose excess thermal energy into valuable electrical power.

Europe waste heat to power market size from the petroleum refining segment will register a noteworthy CAGR from 2023 to 2032. Refineries generate ample waste heat during processes, making it a prime resource for efficient energy recovery. This sector's focus on sustainability and optimizing resource utilization drives the adoption of Waste Heat to Power systems. These innovative solutions enable refineries to convert excess heat into valuable electricity, aligning with stringent environmental standards while enhancing energy efficiency within the petroleum refining industry across Europe.

UK waste heat to power industry will showcase a commendable CAGR from 2023 to 2032. Companies across the UK are leveraging waste heat as a resource, deploying innovative systems to convert it into electricity. With a focus on reducing emissions and optimizing energy usage, the UK's demand for Waste Heat to Power technologies reflects a concerted effort toward meeting ambitious sustainability goals. This trend underscores a commitment to harnessing untapped energy sources and advancing eco-friendly practices within the UK industrial landscape.