PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755826
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755826
Asia Pacific ORC Waste Heat to Power Market Introduction and Overview
According to SPER market research, 'Asia Pacific ORC Waste Heat to Power Market Size- By Power - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Asia Pacific ORC Waste Heat to Power Market is predicted to reach 9.69 billion by 2034 with a CAGR of 13.97%.
Organic Rankine Cycle (ORC) Waste Heat to Power systems are innovative energy recovery solutions that convert low- to medium-temperature waste heat into usable electricity. Unlike conventional steam-based Rankine cycles, ORC systems utilize organic fluids with lower boiling points, enabling efficient operation with heat sources like exhaust gases, industrial waste heat, or geothermal energy.
Restraints: Despite its promising growth, the Asia Pacific ORC Waste Heat to Power market encounters several challenges. One of the main barriers is the substantial initial investment needed for ORC system installation, which can discourage adoption, especially among small and medium-sized enterprises with limited budgets. Additionally, the diverse nature of waste heat sources across industries often necessitates tailored solutions, increasing both the complexity and overall implementation costs.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Power
Regions covered Australia, China, India, Japan, South Korea, Rest of Asia-Pacific
Companies Covered ABB, ALFA LAVAL, Atlas Copco AB, CTMI - Steam Turbines, DA1/4rr Group, Enertime, ENOGIA, General Electric, Mitsubishi Heavy Industries, Ltd., Opel Energy Systems Pvt. Ltd., Ormat Technologies, Zhejiang Kaishan Compressor Co., Ltd.
Asia Pacific ORC Waste Heat to Power Market Segmentation:
By Power: Based on the Power, Asia Pacific ORC Waste Heat to Power Market is segmented as; (<= 1 Mwe, > 1 - 5 Mwe, > 5 - 10 Mwe, > 10 Mwe)
By Region: This research also includes data for Australia, China, India, Japan, South Korea, Rest of Asia-Pacific.