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Organic Rankine Cycle Trends and Forecast
The future of the global organic rankine cycle market looks promising with opportunities in the waste heat recovery, biomass, geothermal, solar thermal, oil & gas, and waste to energy markets. The global organic rankine cycle market is expected to reach an estimated $28.5 billion by 2030 with a CAGR of 12.4% from 2024 to 2030. The major drivers for this market are increasing adoption of renewable energy sources, longer ORC system life cycle, as well as, favorable government policies and incentives across the globe.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Organic Rankine Cycle by Segment
The study includes a forecast for the global organic rankine cycle by model, power output, application, and region.
Organic Rankine Cycle Market by Model [Shipment Analysis by Value from 2018 to 2030]:
• Dynamic
• Steady-State
Organic Rankine Cycle Market by Power Output [Shipment Analysis by Value from 2018 to 2030]:
• <1MWe
• >1-5MWe
• >5-20MWe
• >10MWe
Organic Rankine Cycle Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Waste Heat Recovery
• Biomass
• Geothermal
• Solar Thermal
• Oil & Gas
• Waste To Energy
Organic Rankine Cycle Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Organic Rankine Cycle Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies organic rankine cycle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the organic rankine cycle companies profiled in this report include-
• Turboden
• Exergy International
• Zhejiang Kaishan Compressor
• Enogia
• Triogen
• Calnetix Technologies
• ABB
• Atlas Copco
• TAS Energy
• Elvosolar
Organic Rankine Cycle Market Insights
Lucintel forecasts that <1 MWe is expected to witness the highest growth over the forecast period due to growing production of electrical power of 1 MWe with the use of ORC.
North America is expected to witness highest growth over the forecast period due to high geothermal potential in the country, as well as, utilization of ORC technology in geothermal projects in the US.
Features of the Global Organic Rankine Cycle Market
Market Size Estimates: Organic rankine cycle market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Organic rankine cycle market size by model, power output, application, and region in terms of value ($B).
Regional Analysis: Organic rankine cycle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different model, power output, application, and regions for the organic rankine cycle market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the organic rankine cycle market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the organic rankine cycle market size?
Answer: The global organic rankine cycle market is expected to reach an estimated $28.5 billion by 2030.
Q2. What is the growth forecast for organic rankine cycle market?
Answer: The global organic rankine cycle market is expected to grow with a CAGR of 12.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the organic rankine cycle market?
Answer: The major drivers for this market are increasing adoption of renewable energy sources, longer ORC system life cycle, as well as, favorable government policies and incentives across the globe.
Q4. What are the major segments for organic rankine cycle market?
Answer: The future of the global organic rankine cycle market looks promising with opportunities in the waste heat recovery, biomass, geothermal, solar thermal, oil & gas, and waste to energy markets.
Q5. Who are the key organic rankine cycle market companies?
Answer: Some of the key organic rankine cycle companies are as follows:
• Turboden
• Exergy International
• Zhejiang Kaishan Compressor
• Enogia
• Triogen
• Calnetix Technologies
• ABB
• Atlas Copco
• TAS Energy
• Elvosolar
Q6. Which organic rankine cycle market segment will be the largest in future?
Answer: Lucintel forecasts that <1 MWe is expected to witness the highest growth over the forecast period due to growing production of electrical power of 1 MWe with the use of orc.
Q7. In organic rankine cycle market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to high geothermal potential in the country, as well as, utilization of ORC technology in geothermal projects in the US.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the organic rankine cycle market by model (dynamic and steady-state), power output (<1MWe, >1-5MWe, >5-20MWe, and >10MWe), application (waste heat recovery, biomass, geothermal, solar thermal, oil & gas, and waste to energy), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Organic Rankine Cycle Market, Organic Rankine Cycle Market Size, Organic Rankine Cycle Market Growth, Organic Rankine Cycle Market Analysis, Organic Rankine Cycle Market Report, Organic Rankine Cycle Market Share, Organic Rankine Cycle Market Trends, Organic Rankine Cycle Market Forecast, Organic Rankine Cycle Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Organic Rankine Cycle Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Organic Rankine Cycle Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Organic Rankine Cycle Market by Model
3.3.1: Dynamic
3.3.2: Steady-State
3.4: Global Organic Rankine Cycle Market by Power Output
3.4.1: <1MWe
3.4.2: >1-5MWe
3.4.3: >5-20MWe
3.4.4: >10MWe
3.5: Global Organic Rankine Cycle Market by Application
3.5.1: Waste Heat Recovery
3.5.2: Biomass
3.5.3: Geothermal
3.5.4: Solar Thermal
3.5.5: Oil & Gas
3.5.6: Waste to Energy
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Organic Rankine Cycle Market by Region
4.2: North American Organic Rankine Cycle Market
4.2.1: North American Organic Rankine Cycle Market by Power Output: <1MWe, >1-5MWe, >5-20MWe, and >10MWe
4.2.2: North American Organic Rankine Cycle Market by Application: Waste Heat Recovery, Biomass, Geothermal, Solar Thermal, Oil & Gas, and Waste to Energy
4.3: European Organic Rankine Cycle Market
4.3.1: European Organic Rankine Cycle Market by Power Output: <1MWe, >1-5MWe, >5-20MWe, and >10MWe
4.3.2: European Organic Rankine Cycle Market by Application: Waste Heat Recovery, Biomass, Geothermal, Solar Thermal, Oil & Gas, and Waste to Energy
4.4: APAC Organic Rankine Cycle Market
4.4.1: APAC Organic Rankine Cycle Market by Power Output: <1MWe, >1-5MWe, >5-20MWe, and >10MWe
4.4.2: APAC Organic Rankine Cycle Market by Application: Waste Heat Recovery, Biomass, Geothermal, Solar Thermal, Oil & Gas, and Waste to Energy
4.5: ROW Organic Rankine Cycle Market
4.5.1: ROW Organic Rankine Cycle Market by Power Output: <1MWe, >1-5MWe, >5-20MWe, and >10MWe
4.5.2: ROW Organic Rankine Cycle Market by Application: Waste Heat Recovery, Biomass, Geothermal, Solar Thermal, Oil & Gas, and Waste to Energy
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Organic Rankine Cycle Market by Model
6.1.2: Growth Opportunities for the Global Organic Rankine Cycle Market by Power Output
6.1.3: Growth Opportunities for the Global Organic Rankine Cycle Market by Application
6.1.4: Growth Opportunities for the Global Organic Rankine Cycle Market by Region
6.2: Emerging Trends in the Global Organic Rankine Cycle Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Organic Rankine Cycle Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Organic Rankine Cycle Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Turboden
7.2: Exergy International
7.3: Zhejiang Kaishan Compressor
7.4: Enogia
7.5: Triogen
7.6: Calnetix Technologies
7.7: ABB
7.8: Atlas Copco
7.9: TAS Energy
7.10: Elvosolar
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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