According to the 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 MarketStudyReport, global ORC waste heat to power market is expected to witness robust growth during the period 2021-2027.
 

Huge potential for biomass & geothermal energy, rapid growth in the industrial sector, and massive investments for the enhancement of clean energy are augmenting the expansion of global ORC waste heat to power market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/3793248/

For the unversed, waste heat to power (WHP) is a process that captures the heat dumped by the existing process and then utilizing that heat to generate electricity.

Moreover, stringent norms concerning emissions, combined with focus among many prominent corporations to seek innovative ways to minimize the cost & reduce energy consumption are further accelerating the industry development.

Notably, waste heat losses produced at volumetric flow rates from industrial streams is prompting opportunities for zero emissions and creating remunerative prospects for the businesses in this line of work.

On the downside, lack of solid grid infrastructure and huge initial costs involved in the process are likely to hamper the progress of global ORC waste heat to power business outlook during the analysis period.

From a regional standpoint, Middle East & Africa (MEA) market is slated to record momentous growth during the assessment timeline, owing to the soaring investments employed across the clean energy sector in the region. 

Whereas Latin America industry is poised to generate lucrative returns during the projected timeframe, attributed to the increase in demand for waste heat to power technologies, led by numerous opportunities available for geothermal & biomass energy, particularly in countries like Brazil, which is one of the largest producer & consumer of bioenergy in the world.

The competitive terrain of worldwide ORC waste heat to power market is comprised of companies like Aura GmbH & Co. KG, IHI Corporation, Boustead International Heaters Limited, Mitsubishi Hitachi Power Systems Ltd., Climeon AB, Siemens AG, Dürr Group GmbH, General Electric Company, Ormat Technologies, Inc., and Exergy S.p.A among others.