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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.
ORC Waste Heat to Power Market Report Attributes
| Report Attribute |
Details |
| Base Year: | 2023 |
|---|
| ORC Waste Heat to Power Market Size in 2023: | USD 2.89 Billion |
|---|
| Forecast Period: | 2024 to 2032 |
|---|
| Forecast Period 2024 to 2032 CAGR: | 14.5% |
|---|
| 2032 Value Projection: | USD 9.92 Billion |
|---|
| Historical Data for: | 2019 to 2023 |
|---|
| No. of Pages: | 250 |
|---|
| Tables, Charts & Figures: | 329 |
| Segments covered: | Power Output |
|---|
| Growth Drivers: | - Robust growth in the manufacturing sector
- Stringent emission norms
- Increasing clean energy demand
|
|---|
| Pitfalls & Challenges: | - Availability of other alternative technologies
|
|---|
