ORC Waste Heat to Power Market worth $15 billion by 2027, Says Global Market Insights Inc.

The ORC Waste Heat to Power Market is anticipated to cross USD 15 Billion by 2027, as reported in the latest study by Global Market Insights Inc. Significant installation for geothermal energy sources coupled with stringent emission norms will proliferate the business outlook in the coming years.
Surging electricity demand from heavy industries will fuel the need for an efficient waste heat recovery system, which will ultimately boost the deployment of ORC units. Moreover, the favorable policy framework for the adoption of sustainable technologies across industries will complement ORC waste heat to power industry statistics over the forecast timeline.
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Some major findings of ORC waste heat to power market report include:
Browse key industry insights spread across 81 pages with 60 market data tables & 20 figures & charts from the report, “ORC Waste Heat to Power Market Forecasts, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast 2021 – 2027” in detail along with the table of contents:
North America ORC waste heat to power market will witness substantial growth in the forecast period on account of growing demand for onsite power generation coupled with a positive outlook toward the industrial sector growth. The rising influx of investments toward the development of various clean energy systems including geothermal, biomass, and other several solar-powered technologies will raise the business outlook across the region.
The growing deployment of sustainable technologies including geothermal and biogas will stimulate the ORC waste heat to power market demand in the coming years. Favourable policies and schemes pertaining to clean technologies will further propel technology adoption. In addition, the growing potential for geothermal energy in nations including Turkey will fuel a requirement of WHR system, which will ultimately boost the product requirement during the forecast timeframe.
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Browse Related Report:
Waste Heat to Power Industry By Application (Petroleum Refining, Cement Industry, Heavy Metal Production, Chemical Industry, Pulp & Paper, Food & Beverage, Glass Industry, Others), Products (Steam Rankine Cycle, Organic Rankine Cycle, Kalina Cycle), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: Global Market Insights Inc.