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Asia Pacific ORC Waste Heat to Power Market Size
- Report ID: GMI8972
- Published Date: Apr 2024
- Report Format: PDF
Asia Pacific ORC Waste Heat to Power Market Size
Asia Pacific ORC Waste Heat to Power Market size was valued at USD 2.3 billion in 2023 and is estimated to grow at a CAGR of 13.7% between 2024 and 2032. The industry’s shift toward utilizing reliable medium and low-temperature heat sources to generate power coupled with growing concerns about climate change and environmental sustainability will energize the business scenario.
Additionally, the implementation of stringent emission regulations targeting CO2 emissions reduction, coupled with the increasing adoption of geothermal and biomass units, will further enhance the industry's prospects. For instance, in September 2021, the Chinese government declared its cessation of coal-fired power project construction and pledged to assist nations like Indonesia and Vietnam in adopting eco-friendly and low-carbon energy alternatives, thus driving the market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Asia Pacific ORC Waste Heat to Power Market Size in 2023: | USD 2.3 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 13.7% |
| 2024 – 2032 Value Projection: | USD 7.4 Billion |
| Historical Data for: | 2019 - 2023 |
| No. of Pages: | 130 |
| Tables, Charts & Figures: | 125 |
| Segments covered: | Power Output |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Asia Pacific ORC Waste Heat to Power Market Scope
