Organic Rankine Cycle (ORC) Waste Heat to Power Market by Application (ICE or Gas Turbine, Waste to Energy, Metal Production, Cement and Lime Industry, Glass Industry, Petroleum Refining, Chemical Industry, Landfill ICE, Others)

The role of organic rankine cycle (ORC) waste heat to power convert the thermal heat of liquids or gases to produce carbon-neutral power efficiently. Heat is generated from geothermal sources or industrial or commercial waste heat. The organic rankine cycle (ORC) waste heat to power help companies to produce more electricity to meet the increasing demand. The rising adoption of organic rankine cycle (ORC) technology reduces fuel used for power generation, and various large-scale companies use these technologies to generate power from waste heat recovery.

Data Bridge Market Research analyses that the global organic rankine cycle (ORC) waste heat to power market is expected to reach the value of USD 3,637,069.31 thousand by 2029, at a CAGR of 8.6% during the forecast period. The organic rankine cycle (ORC) waste heat to power market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.

View detailed Report: https://www.databridgemarketresearch.com/reports/global-organic-rankine-cycle-orc-waste-heat-to-power-market

Market Definition

Organic rankine cycle (ORC) systems are used for power production from low to medium-temperature heat sources at 80 to 350 °C and for small-medium applications at any temperature. This technology allows for the exploitation of low-grade heat that otherwise would be wasted. The working principle of an organic rankine cycle power plant is similar to the most widely used process for power generation, the clausius-rankine cycle.

The main difference is using organic substances instead of water (steam) as a working fluid. The organic working fluid has a lower boiling point and a higher vapor pressure than water and is, therefore, able to use low-temperature heat sources to produce electricity. The organic fluid is chosen to best fit the heat source according to their differing thermodynamic properties, thus obtaining higher efficiencies of both cycle and expander.

Opportunities

Rapid industrialization and climate change concerns

Industrialization is a process of adopting an economy based on manufacturing. This step involves many changes that help the society's economy grow and prosper. Industrialization does not seem to have a sudden change, but it takes a gradual change that happens over a period. Thus, indirectly there will be a large number of fossil fuels, which in turn generate the climate.

The cause of climate change has been a serious issue that has been changing with the rapid increase in industrialization. However, industrialization is the route to economic development, but climate change is one of the major concerns that must be controlled. This will lead to adopting sustainable and efficient technologies in the industrial process, including the WHP system. The adoption of such technologies with the increase in industrialization along with the climate change concerns will help to protect the environment.

Key Players Analysis:

Some of the major players operating in the global organic rankine cycle (ORC) waste heat to power market are MITSUBISHI HEAVY INDUSTRIES, LTD., Kaishan USA, Strebl Energy Pte Ltd, ORCAN ENERGY AG, ALFA LAVAL, Fujian Snowman Co., Ltd., Ormat, Rank, TMEIC, Triogen, ABB, Siemens Energy (Siemens AG), Dürr Group, ElectraTherm Inc. (BITZER Group), Enerbasque, Enertime, Enogia, EXERGY, CLIMEON, INTEC Engineering GmbH, Zuccato Energia srl., Opel Energy Systems Pvt. Ltd., Corycos Group, CTMI - Steam Turbines, BorgWarner Inc.

Global Organic Rankine Cycle (ORC) Waste Heat to Power Market Scope

Global organic rankine cycle (ORC) waste heat to power market is segmented on the basis of size, capacity, model, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Size

Small

Medium

Large

On the basis of size, the global organic rankine cycle (ORC) waste heat to power market is segmented into small, medium, and large.

Capacity

Less Than 1000 kW

1001-4000 kW

4001-7000 kW

More than 7000 kW

On the basis of capacity, the global organic rankine cycle (ORC) waste heat to power market has been segmented into less than 1000 kW, 1001-4000 kW, 4001-7000 kW, and more than 7000 kW.

Model

Steady-State

Dynamic

On the basis of the model, the global organic rankine cycle (ORC) waste heat to power market has been segmented into steady-state and dynamic.

Application

ICE or Gas Turbine

Waste to Energy

Metal Production

Cement and Lime Industry

Glass Industry

Petroleum Refining

Chemical Industry

Landfill ICE

Others

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About Data Bridge Market Research (DBMR):

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