Organic Rankine Cycle Market Report: Trends, Forecast and Competitive Analysis to 2030

Organic Rankine Cycle Market Report: Trends, Forecast and Competitive Analysis to 2030

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?