Data Bridge Market Research Published Latest Middle East and Africa Organic Rankine Cycle (ORC) Waste Heat to Power market Study with an in-depth analysis of the current scenario, the Market size, demand, growth pattern, trends, and forecast. By following several steps of collecting and analyzing market data, this finest market research report is structured by expert team. This Middle East and Africa Organic Rankine Cycle (ORC) Waste Heat to Power Market report highlights key market dynamics of the sector and encompasses historic data, present market trends, environment, technological innovation, upcoming technologies, and technical progress in the related industry. Moreover, the Middle East and Africa Organic Rankine Cycle (ORC) Waste Heat to Power report also contains all the information including market definition, classifications, key developments, applications, and engagements while detailing the actions of key players with respect to product launches, joint ventures, developments, mergers, and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values.

Data Bridge Market Research analyses that the organic rankine cycle (ORC) waste heat to power market is expected to reach the value of USD 238,751.13 thousand by 2029, at a CAGR of 7.3% during the forecast period of 2022 to 2029. "Medium" accounts for the most prominent modules size segment.

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Market Definition

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 Middle East and Africa Organic Rankine Cycle (ORC) Waste Heat to Power market are:

The competitive landscape of the Middle East and Africa organic rankine cycle (ORC) waste heat to power market 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 the Middle East and Africa organic rankine cycle (ORC) waste heat to power market.

Some of the major players operating in the Middle East and Africa 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.

Recent Development

·         In March 2021, the International Journal of Low-Carbon technologies published a report about the economic analysis of the ORC power plant with low-temperature waste heat recovery. This analysis concluded that the association of the ORC system with thermal power plants is helping to improve the working efficiency by reducing the usage of fossil fuels.

·         ABB offers an ORC power plant system specially designed for power plants that are used to increase energy efficiency, consisting of heat extraction, conversion, and electric feed and control. This system is easily adopted in power plants and can be integrated with industrial processes.

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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.

Middle East and Africa Organic Rankine Cycle (ORC) Waste Heat To Power Market Scope

The Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa 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 by application, the Middle East and Africa 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.

Middle East and Africa Organic Rankine Cycle (ORC) Waste Heat to Power Market 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.

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