The global market for Organic Rankine Cycle is estimated at US$352.2 Million in 2023 and is projected to reach US$1.3 Billion by 2030, growing at a CAGR of 20.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Organic Rankine Cycle market is driven by several factors. Increasing global awareness and regulatory pressures regarding environmental impact have prompted industries to adopt cleaner and more energy-efficient technologies. ORC systems, with their ability to recycle waste heat and reduce greenhouse gas emissions, are particularly well-positioned to meet these needs. Technological advancements have also played a crucial role, as improvements in ORC efficiency and the development of more robust and adaptable systems have broadened their applicability across diverse thermal conditions and industrial settings. Additionally, economic incentives such as grants, tax benefits, and favorable government policies aimed at promoting energy efficiency and renewable energy utilization have accelerated the deployment of ORC systems worldwide. Moreover, as energy prices continue to rise, the economic case for implementing ORC technology to reduce dependency on purchased power becomes even more compelling, driving further investment into this efficient and sustainable energy solution.
The growth in the Organic Rankine Cycle market is driven by several factors. Increasing global awareness and regulatory pressures regarding environmental impact have prompted industries to adopt cleaner and more energy-efficient technologies. ORC systems, with their ability to recycle waste heat and reduce greenhouse gas emissions, are particularly well-positioned to meet these needs. Technological advancements have also played a crucial role, as improvements in ORC efficiency and the development of more robust and adaptable systems have broadened their applicability across diverse thermal conditions and industrial settings. Additionally, economic incentives such as grants, tax benefits, and favorable government policies aimed at promoting energy efficiency and renewable energy utilization have accelerated the deployment of ORC systems worldwide. Moreover, as energy prices continue to rise, the economic case for implementing ORC technology to reduce dependency on purchased power becomes even more compelling, driving further investment into this efficient and sustainable energy solution.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Geothermal Application segment, which is expected to reach US$1.1 Billion by 2030 with a CAGR of a 20.7%. The Waste Heat Recovery Application segment is also set to grow at 18.3% CAGR over the analysis period.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Organic Rankine Cycle Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Organic Rankine Cycle Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Organic Rankine Cycle Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Toshiba Corporation, General Electric Company, Siemens Energy AG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 48 Featured):
- Toshiba Corporation
- General Electric Company
- Siemens Energy AG
- Toshiba Mitsubishi Electric Industrial Systems Co., Ltd.
- Barber-Nichols, Inc.
- Enogia, Sas
- R&D Dynamics Corporation
- Air Squared, Inc.
- Sigma Thermal
- ElectraTherm, Inc.
- Entropea Labs Limited
- Opel Energy Systems Private Limited
- TransPacific Energy, Inc.
- Turboden SPA
- Boustead International Heaters Limited
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
EUROPE
GERMANY
ITALY
TURKEY
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Toshiba Corporation
- General Electric Company
- Siemens Energy AG
- Toshiba Mitsubishi Electric Industrial Systems Co., Ltd.
- Barber-Nichols, Inc.
- Enogia, Sas
- R&D Dynamics Corporation
- Air Squared, Inc.
- Sigma Thermal
- ElectraTherm, Inc.
- Entropea Labs Limited
- Opel Energy Systems Private Limited
- TransPacific Energy, Inc.
- Turboden SPA
- Boustead International Heaters Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 352.2 Million |
| Forecasted Market Value ( USD | $ 1300 Million |
| Compound Annual Growth Rate | 20.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
