New York – January 18, 2024 - Research Nester’s recent market research analysis on “ORC Waste Heat to Power Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global ORC waste heat to power market in terms of market segmentation by size, capacity, model, application, and by region.

Growing Concern for the Environment Protection to Promote Global Market Share of ORC Waste Heat to Power
The growing energy consumption of heavy industries will drive the need for an efficient waste heat recovery system and expedite the implementation of Organic Rankine Cycle (ORC) units. For example, the manufacturing of iron, steel, cement, chemicals, and petrochemicals accounts for about 30% of the world's total primary energy consumption. In addition to this, worldwide energy consumption has been rising yearly as the need for electricity has grown. The generation of energy using fossil fuels is responsible for over one-third of the world's greenhouse gas emissions, which fuel pollution and climate change.

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Some of the major growth factors and challenges that are associated with the growth of the global ORC waste heat to power market are:
Growth Drivers:
• Surge Industrialization and Worries About Climate Change
• Rising Emphasis on Enhancing Power Plant Efficiency
Challenges:
Waste heat recovery systems have several advantages, but installation costs are a barrier to market growth. Waste heat can be recovered using a variety of techniques, such as the kalina cycle, organic rankine cycle, and steam rankine cycle (SRC). These technologies will range in price depending on the size of the industrial sector and output. Furthermore, a variety of parts and machinery, such as those for power generation, waste heat recovery, power conditioning, and networking, are included in the total cost of establishing or implementing waste heat to power (WHP) systems in any type of organization. The total cost would also include the soft expenditures associated with permission, building, and system design. Waste heat recovery systems have several advantages, but installation costs are a barrier to market growth. There are a number of ways to recover waste heat, and depending on the technology and site conditions, these methods may vary. However, they also include the maintenance requirements for heat recovery boilers and plant balance.

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By capacity, the global ORC waste heat to power market is segmented into Less Than 1000 kW, 1001-4000 Kw, 4001-7000 kW and More Than 7000 Kw. The less than 1000Kw segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The high degree of efficiency, flexibility, and dependability of these systems is promoting product adoption in installations under 1000kW. Major players in the steel, glass, and other industries are also trying to improve their business status through increased energy efficiency, in addition to manufacturers working with end users to understand their specific requirements in order to design and develop the most reliable ORC unit and to ensure good economic feasibility. It is anticipated that this partnership will promote segment growth. This segment's capacity to produce sizable amounts of electrical power makes it suitable for establishments and companies with large energy requirements. The bulk of integrated steel facilities in India consume 6-6.5 gig calories per tons of crude steel, compared to 4.5–5.0 gig calories used by steel manufacturers abroad.

By region, the Europe ORC waste heat to power market is to generate the highest revenue by the end of 2036. This is mostly because the nation is concentrating on lowering the amount of primary energy used in industrial processes. Because of Germany's significant emphasis on sustainability and energy efficiency, ORC technology for capturing waste heat is widely used. Germany is now leading the European ORC waste heat to electricity industry due to its strong industrial sector and encouraging regulations.

This report also provides the existing competitive scenario of some of the key players of the global ORC waste heat to power market which includes company profiling of Kaishan USA, ORCAN ENERGY AG, BorgWarner Inc., Siemens Energy, Echogen Power Systems, ALFA LAVAL, Corycos Group, Fujian Snowman Co., Ltd., General Electric, and others.

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