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Premium Report Details
Base Year: 2023
Companies covered: 16
Tables & Figures: 329
Countries covered: 22
Pages: 250
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ORC Waste Heat to Power Market
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ORC Waste Heat to Power Market Size
ORC Waste Heat to Power Market was valued at USD 2.89 billion in 2023 and is estimated to expand over 14.5% CAGR between 2024 and 2032. In recent years, there has been a notable shift in the industry towards harnessing dependable medium and low temperature heat sources for power generation. This trend encompasses various sources such as biomass, geothermal energy, and solar power. Organic Rankine Cycle (ORC) systems are extensively employed in electricity production by capturing heat from biomass combustion and geothermal energy.
Continued economic expansion and swift industrialization in pivotal nations are poised to propel the business growth. The implementation of stringent emission regulations aimed at curbing CO2 emissions, alongside the increasing adoption of biomass and geothermal units, will further bolster the industry's potential.