According to the recent research report titled ‘ORC Waste Heat to Power Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast 2021 – 2027’, available with Market Study Report, global ORC waste heat to power market is expected to accrue modest revenues over 2021-2027.
 

Global ORC waste heat to power market is primarily driven by surging demand for clean energy, robust expansion in industrial sector, and strict emission regulations.
 

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Various businesses across different sectors are increasingly looking for innovative ways to reduce costs through decreasing energy usage, thereby contributing to the market development. As industrial settings strive to improve their energy efficiency, recovering waste heat losses provides a way to achieve zero emissions while also making more efficient use of energy resources.
 

For the unversed, WHP, or waste heat to power, is the process of absorbing heat emitted by an existing process and using it to generate electricity. Engines, kilns, ovens, turbines, furnaces, and other equipment, for instance, produce streams of waste heat in the industrial sector.
 

Furthermore, waste heat streams suitable for waste heat to power generation are generated in field locations such as compressor stations, mining sites, and landfills. These streams are also produced in the commercial and residential sectors, but they have far lower volumetric flow rates and temperatures than those found in industrial sites.
 

Speaking of regional scope, ORC waste heat to power industry share in Middle East & Africa is anticipated to amplify through 2027, attributable to rising investments in clean energy sector.
 

Meanwhile, Latin America market is expected to record considerable growth over the coming years, owing to high potential for geothermal and biomass energy, with Brazil being one of the biggest consumers and producers of bioenergy. In fact, by 2030, it aims to raise the share of sustainable bioenergy in Brazil's energy mix to roughly 18%. This would be accomplished by boosting supply of ethanol and growing biofuel usage, along with including a portion of biodiesel in the diesel mix as well as encouraging usage of advanced biofuels.
 

Major firms impacting global ORC waste heat to power market trends are Aura GmbH & Co. KG, Boustead International Heaters, Climeon AB, Dürr Group, Exergy S.p.A., Ormat Technologies Inc., General Electric Company (GE), Siemens AG, Mitsubishi Hitachi Power Systems Ltd., and IHI Corporation.