ORC Industrial Waste Heat to Power Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
ORC Industrial waste heat to power (WHP) is the process of capturing heat discarded by an existing industrial process and using that heat to generate power. Energy intensive industrial processes"such as those occurring at refineries, steel mills, glass furnaces, and cement kilns"all release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity. The recovery of industrial waste heat for power is a largely untapped type of combined heat and power (CHP), which is the use of a single fuel source to generate both thermal energy (heating or cooling) and electricity.
MARKET DYNAMICS
The ORC industrial waste heat to power market is expected to witness significant growth by 2031, driven by stringent government regulations for emission reduction and increasing focus of manufacturers on improving energy efficiency of their production plants. Most production plants typically discharge waste heat into the environment, which decreases the energy efficiency of industrial processes. Waste heat recovery can help effectively reuse waste energy to create beneficial energy products.
MARKET SCOPE
The ˜Global ORC Industrial waste heat to power Market' is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the ORC Industrial waste heat to power market with detailed market segmentation by product and application. The global ORC Industrial waste heat to power market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ORC Industrial waste heat to power market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Product: The market is bifurcated into steam rankine cycle, organic rankine cycle, and kalina cycle.
2. By Application: The market is bifurcated into petroleum refining, cement industry, heavy metal production, chemical industry, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The ORC Industrial waste heat to power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ORC Industrial waste heat to power market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the ORC Industrial waste heat to power market in these regions.
IMPACT OF COVID 19
The ORC industrial waste heat to power industry has observed a static growth in 2021 on account of the ongoing Covid-19 pandemic across the world. Various large scale industries are shut down in most of the countries pertaining to strict lockdown guidelines introduced by respective governments. Moreover, the raw materials supply deficit and shortage of labor have impacted the ORC industrial waste heat to power equipment manufacturers and has adversely affected the market statistics of the technology. However, the industry bounced back to normalcy by the second half of FY2021, on account of easing of lockdown protocols coupled with release of various vaccinations to limit the spread of the coronavirus.
By Product
By Application
MARKET PLAYERS
The report covers vital developments in the ORC Industrial waste heat to power Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the ORC Industrial waste heat to power Market are anticipated to have lucrative growth opportunities in the future with the rising demand for ORC Industrial waste heat to power in the global market. Below mentioned is the list of a few companies engaged in the ORC Industrial waste heat to power Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ORC Industrial waste heat to power market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
ORC Industrial waste heat to power (WHP) is the process of capturing heat discarded by an existing industrial process and using that heat to generate power. Energy intensive industrial processes"such as those occurring at refineries, steel mills, glass furnaces, and cement kilns"all release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity. The recovery of industrial waste heat for power is a largely untapped type of combined heat and power (CHP), which is the use of a single fuel source to generate both thermal energy (heating or cooling) and electricity.
MARKET DYNAMICS
The ORC industrial waste heat to power market is expected to witness significant growth by 2031, driven by stringent government regulations for emission reduction and increasing focus of manufacturers on improving energy efficiency of their production plants. Most production plants typically discharge waste heat into the environment, which decreases the energy efficiency of industrial processes. Waste heat recovery can help effectively reuse waste energy to create beneficial energy products.
MARKET SCOPE
The ˜Global ORC Industrial waste heat to power Market' is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the ORC Industrial waste heat to power market with detailed market segmentation by product and application. The global ORC Industrial waste heat to power market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ORC Industrial waste heat to power market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
1. By Product: The market is bifurcated into steam rankine cycle, organic rankine cycle, and kalina cycle.
2. By Application: The market is bifurcated into petroleum refining, cement industry, heavy metal production, chemical industry, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The ORC Industrial waste heat to power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ORC Industrial waste heat to power market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the ORC Industrial waste heat to power market in these regions.
IMPACT OF COVID 19
The ORC industrial waste heat to power industry has observed a static growth in 2021 on account of the ongoing Covid-19 pandemic across the world. Various large scale industries are shut down in most of the countries pertaining to strict lockdown guidelines introduced by respective governments. Moreover, the raw materials supply deficit and shortage of labor have impacted the ORC industrial waste heat to power equipment manufacturers and has adversely affected the market statistics of the technology. However, the industry bounced back to normalcy by the second half of FY2021, on account of easing of lockdown protocols coupled with release of various vaccinations to limit the spread of the coronavirus.
ORC Industrial Waste Heat to Power Market Report Analysis
ORC Industrial Waste Heat to Power Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Turboden S p A
- Kaishan USA
- Siemens AG
- Boustead International Heaters
- TransPacific Energy Inc
- General Electric
- Strebl Energy Pvt Ltd
- Mitsubishi Hitachi Power Systems
- Ltd Climeon AB
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Product
- Steam Rankine Cycle
- Organic Rankine Cycle
- Kalina Cycle
By Application
- Petroleum Refining
- Cement Industry
- Heavy Metal Production
- Chemical Industry
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The report covers vital developments in the ORC Industrial waste heat to power Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the ORC Industrial waste heat to power Market are anticipated to have lucrative growth opportunities in the future with the rising demand for ORC Industrial waste heat to power in the global market. Below mentioned is the list of a few companies engaged in the ORC Industrial waste heat to power Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ORC Industrial waste heat to power market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Turboden S.p. A
- Kaishan USA
- Siemens AG
- Boustead International Heaters
- TransPacific Energy Inc.
- General Electric
- Strebl Energy Pvt Ltd
- Mitsubishi Hitachi Power Systems
- Ltd. Climeon AB
- IHI Corporation.
ORC Industrial Waste Heat to Power Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1.Turboden S.p. A
2.Kaishan USA
3.Siemens AG
4.Boustead International Heaters
5.TransPacific Energy Inc.
6.General Electric
7.Strebl Energy Pvt Ltd
8.Mitsubishi Hitachi Power Systems
9.Ltd. Climeon AB
10.IHI Corporation.
1.Turboden S.p. A
2.Kaishan USA
3.Siemens AG
4.Boustead International Heaters
5.TransPacific Energy Inc.
6.General Electric
7.Strebl Energy Pvt Ltd
8.Mitsubishi Hitachi Power Systems
9.Ltd. Climeon AB
10.IHI Corporation.
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