Data Bridge Market Research has recently published a Report, titled, "Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape.
Organic rankine cycle (ORC) waste heat to power convert thermal heat of liquids or gases to produce carbon-neutral power efficiently. Heat is generated from geothermal sources or industrial or commercial waste heat. The organic rankine cycle (ORC) waste heat to power help companies to produce more electricity to meet the increasing demand. The Europe organic rankine cycle (ORC) waste heat to power market is growing rapidly because industries have focused on improving power plant efficiency to reduce downtime.
Data Bridge Market Research analyses that the organic rankine cycle (ORC) waste heat to power market is expected to reach the value of USD 815,175.21 thousand by 2029, at a CAGR of 8.0% during the forecast period of 2022 to 2029. "Medium" accounts for the most prominent modules size segment.
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Market Overview:
Organic rankine cycle (ORC) systems are used for power production from low to medium-temperature heat sources at 80 to 350 °C and for small-medium applications at any temperature. This technology allows for the exploitation of low-grade heat that otherwise would be wasted. The working principle of an organic rankine cycle power plant is similar to the most widely used process for power generation, the clausius-rankine cycle.
Some of the major players operating in the Europe Organic Rankine Cycle (ORC) Waste Heat to Power market are:
The Europe organic rankine cycle (ORC) waste heat to power market competitive landscape provides competitors' details. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Europe organic rankine cycle (ORC) waste heat to power market.
Some of the major players operating in the Europe organic rankine cycle (ORC) waste heat to power market are MITSUBISHI HEAVY INDUSTRIES, LTD., Kaishan USA, Strebl Energy Pte Ltd, ORCAN ENERGY AG, ALFA LAVAL, Fujian Snowman Co., Ltd., Ormat, Rank, TMEIC, Triogen, ABB, Siemens Energy (Siemens AG), Dürr Group, ElectraTherm Inc. (BITZER Group), Enerbasque, Enertime, Enogia, EXERGY, CLIMEON, INTEC Engineering GmbH, Zuccato Energia srl., Opel Energy Systems Pvt. Ltd., Corycos Group, CTMI - Steam Turbines, BorgWarner Inc.
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The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Europe Organic Rankine Cycle (ORC) Waste Heat to Power market
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market
Market Dynamics: Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers
· Rise In Importance For Generating Power From Waste Heat Recovery
In many industrial plants, a considerable amount of heat is wasted and is not utilized for economic usage. As such, heat cannot be stored or transported to other processes or users. In most conditions, such waste heat requires cooling systems and treatments to avoid pollution causing to the environment, which could increase the expenses.
Moreover, such industrial heat waste can be used better and can be considered for many purposes, such as heating or generating electricity. The basic idea is to capture heat created in the industrial process and reuse it in other applications, mainly to improve energy efficiency, such as processing the heat through fossil fuels and generating minimal electricity to drive the motors used in specific process steps.
· Increased Focus On Improving The Power Plant Efficiency
The world's electricity generation is majorly dependent on the fossil fuel resources such as coal, natural gas, and oil. The number of installed fossil-fired power generation plants has increased globally, and the development of such power plants is trending across the globe. However, waste heat is discharged in a power plant and can be dumped in the environment. How recovering the waste heat is the main approach to improve thermal efficiencies further and reduce greenhouse gas emissions for fossil-fired power plants.
· Rising Stringent Emission Norms
Energy consumption has been increasing year over year across the globe because of the rise in the demand for electricity consumption. Energy production through fossil fuels is responsible for more than a third of the world's greenhouse gas emissions, which cause pollution and climate change.
Restraint/Challenges
· High Cost Of Installation And Maintenance
Although waste heat recovery systems have significant advantages, installation costs limit the market growth. The waste heat recovery can be done through various techniques such as steam rankine cycle (SRC), organic rankine cycle (ORC), or kalina cycle. These technologies will cost differently based on the production and industrial sector scale.
· Supply Deficit Of Raw Materials
The supply deficit of raw materials is associated with all type of markets, and this will evaluate the economic and technical dependency on a certain material. The heat recovery system is built with the help of various raw materials and different type of equipment, such as fluid pump, heater, condenser, turbine, and many others.
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Key Industry Segmentation: Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market
The Europe organic rankine cycle (ORC) waste heat to power market is segmented on the basis of size, capacity, model, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Size
· Medium
· Small
· Large
On the basis of size, the Europe organic rankine cycle (ORC) waste heat to power market is segmented into medium, small and large.
By Capacity
· less than 1000 kW,
· 1001-4000 kW,
· 4001-7000 kW,
· more than 7000 kW
On the basis of capacity, the Europe organic rankine cycle (ORC) waste heat to power market has been segmented into less than 1000 kW, 1001-4000 kW, 4001-7000 kW, and more than 7000 kW.
By Model
· Steady-State
· Dynamic
On the basis of the model, the Europe organic rankine cycle (ORC) waste heat to power market has been segmented into steady-state and dynamic.
By Application
· ICE Or Gas Turbine
· Waste To Energy
· Metal Production
· Cement And Lime Industry
· Glass Industry
· Petroleum Refining
· Chemical Industry
· Landfill Ice
· Others
On the basis of application, the Europe organic rankine cycle (ORC) waste heat to power market has been segmented into ice or gas turbine, waste to energy, metal production, cement and lime industry, glass industry, petroleum refining, chemical industry, landfill ice, and others.
Regional Analysis/Insights: Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market
The Europe organic rankine cycle (ORC) waste heat to power market is analyzed, and market size insights and trends are provided by country, size, capacity, model, and application, as referenced above.
The countries covered in the Europe organic rankine cycle (ORC) waste heat to power market report are Germany, the U.K., France, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Denmark, Switzerland, Norway, Finland, and the Rest of Europe.
Germany is expected to dominate the Europe organic rankine cycle (ORC) waste heat to power market as the country is witnessing increasing technological products, new guidelines, and increasing investment in power plants e across the region and the growth of the country in Europe organic rankine cycle (ORC) waste heat to power market.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Table of Contents:
1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Global Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market: Regulations
6. Market Overview
7. Global Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market, By Size
8. Global Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market, By Capacity
9. Global Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market, By Model
10. Global Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market, By Application
11. Global Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market, By Region
12. Global Europe Organic Rankine Cycle (ORC) Waste Heat to Power Market: Company Landscape
13. SWOT Analyses
14. Company Profile
15. Questionnaires
16. Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=europe-organic-rankine-cycle-orc-waste-heat-to-power-market
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