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The Organic Rankine Cycle (ORC) market is expanding rapidly as industries worldwide seek efficient, low-emission power generation and waste heat recovery solutions. Senior executives in energy, manufacturing, utilities, and infrastructure are turning to ORC systems to meet evolving efficiency and decarbonization objectives.
Market Snapshot: Organic Rankine Cycle Market Growth and Outlook
The Organic Rankine Cycle market grew from USD 920.62 million in 2024 to USD 968.04 million in 2025. It is expected to continue growing at a CAGR of 5.38%, reaching USD 1.40 billion by 2032.
Scope & Segmentation: Comprehensive Analysis Across the Organic Rankine Cycle Ecosystem
This report provides a detailed breakdown and assessment of the Organic Rankine Cycle market across several critical segments, enabling targeted strategic insights for leaders:
- Components: Condensers, evaporators, pumps, turbines
- Working Fluid Type: Hydrocarbons, refrigerants, siloxanes
- Cycle Type: Subcritical cycle, supercritical cycle, transcritical cycle
- Capacity: Large-scale ORC systems, medium-scale ORC systems, small-scale ORC systems
- Application: Biomass energy, geothermal power plants, solar power generation, waste heat recovery
- End-User: Energy & utilities, manufacturing, marine, oil & gas
- Regions: Americas (United States, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Peru), Europe Middle East & Africa (United Kingdom, Germany, France, Russia, Italy, Spain, Netherlands, Sweden, Poland, Switzerland, United Arab Emirates, Saudi Arabia, Qatar, Turkey, Israel, South Africa, Nigeria, Egypt, Kenya), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Thailand, Malaysia, Singapore, Taiwan)
- Key Companies: ABB Ltd., Againity AB, Air Squared, Inc., ALFA LAVAL AB, Atlas Copco AB, Calnetix Technologies LLC, CLEAN ENERGY TECHNOLOGIES, INC., DeVeTec GmbH, Dürr Aktiengesellschaft, ElectraTherm, Inc., Enogia SA, Exergy International S.r.l., General Electric Company, Heatlift SAS, Kaishan USA, Mitsubishi Heavy Industries, Ltd., ORCAN ENERGY AG, Ormat Technologies, Inc., Siemens AG, Terrapin Geothermics, Triogen B.V.
Key Takeaways: Strategic Insights for Industry Decision-Makers
- Digital monitoring, predictive analytics, and additive manufacturing are central to boosting operational reliability in the Organic Rankine Cycle market.
- Segment analysis underscores distinct roles for system components; turbines and heat exchangers lead in value creation, while fluid selection tailors performance to project-specific criteria.
- Supercritical and transcritical cycle types are gaining adoption in projects where higher efficiency is a competitive requirement, supporting greater adaptability in decarbonization strategies.
- Regional opportunities vary as local resource availability, policy incentives, and infrastructure drive unique application patterns, particularly in geothermal, biomass, and distributed power segments.
- Partnerships between industry leaders, startups, research institutions, and end users are accelerating knowledge transfer and deployment of advanced ORC technologies.
Tariff Impact: Adjusting Supply Chains and Investment Strategy
The United States is enacting new tariffs in 2025 on core ORC materials and components, influencing sourcing and project planning for OEMs, EPC contractors, and investors. These policies present cost and compliance challenges, prompting a move toward diversified supplier bases, localized manufacturing, and strategies to manage logistics complexity. Sophisticated investors are now modeling tariff risk and seeking collaborative supply agreements to sustain returns.
Methodology & Data Sources: Rigorous Market Intelligence
This report integrates qualitative interviews with sector leaders, technical reviews from regulatory and academic sources, and quantitative benchmarking of ORC installations. Findings are validated through data triangulation, advisory panel review, and scenario modeling to ensure reliability.
Why This Report Matters
- Delivers actionable intelligence for executives seeking to invest, expand, or optimize in the ORC sector.
- Supports procurement, engineering, and supply chain teams with visibility into technology, policy, and supply dynamics across regions and applications.
- Enables informed, forward-looking decisions in light of regulatory volatility, cost drivers, and evolving customer requirements.
Conclusion
The Organic Rankine Cycle market is set for robust, regionally varied growth, driven by technology progress, evolving policies, and strategic collaboration. Leaders adopting modular, digital, and resilient strategies will be best positioned to capitalize on market opportunities.
Additional Product Information:
- Purchase of this report includes 1 year online access with quarterly updates.
- This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
Table of Contents
3. Executive Summary
4. Market Overview
7. Cumulative Impact of Artificial Intelligence 2025
Companies Mentioned
The companies profiled in this Organic Rankine Cycle market report include:- ABB Ltd.
- Againity AB
- Air Squared, Inc.
- ALFA LAVAL AB
- Atlas Copco AB
- Calnetix Technologies LLC
- CLEAN ENERGY TECHNOLOGIES, INC.
- DeVeTec GmbH
- Dürr Aktiengesellschaft
- ElectraTherm, Inc.
- Enogia SA
- Exergy International S.r.l.
- General Electric Company
- Heatlift SAS
- Kaishan USA
- Mitsubishi Heavy Industries, Ltd.
- ORCAN ENERGY AG
- Ormat Technologies, Inc.
- Siemens AG
- Terrapin Geothermics
- Triogen B.V.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 189 |
| Published | November 2025 |
| Forecast Period | 2025 - 2032 |
| Estimated Market Value ( USD | $ 968.04 Million |
| Forecasted Market Value ( USD | $ 1400 Million |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 22 |
