ORC Waste Heat to Power Market Analysis

Capacity (Less Than 1000 kW, 1001-4000 Kw, 4001-7000 kW, More Than 7000 Kw)

Based on capacity, less than 1000Kw segment in the ORC waste heat to power market is anticipated to hold 35% during the forecast period. These systems' great dependability, adaptability, and efficiency are driving product penetration in installations with less than 1000kW. Along with 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, major players in the steel, glass, and other industries are also attempting to improve their business standing through enhanced energy efficiency. This collaboration is expected to drive segment expansion. This segment is appropriate for institutions and businesses with high energy demands because of its ability to generate significant amounts of electrical power. In comparison to steel factories overseas, which use 4.5–5.0 gig calories per tonne of crude steel, the majority of integrated steel plants in India use 6-6.5 gig calories per tonne of crude steel.

Application (ICE or Gas Turbine, Waste to Energy, Metal Production, Cement & Lime Industry, Glass Industry, Petroleum Refining, Chemical Industry, Landfill ICE)

Based on application, the petroleum refining segment is expected to hold 30% share of the global ORC waste heat to power market by 2037.  The energy-intensive business of petroleum refining produces a significant amount of waste heat as a by-product of its activities. With ORC technology, this waste heat represents a valuable resource that may be utilized. The overall daily capacity of crude oil refineries worldwide as of 2021 was approximately 101 million barrels. On the other hand, more than 79 million barrels of oil were refined per day globally.

Our in-depth analysis of the global ORC waste heat to power market includes the following segments: