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 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 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.
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.
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:
Answer: The publisher 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, the publisher provides 10% customization without any additional cost.
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?
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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 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.
Organic Rankine Cycle by Segment
This 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
The publisher 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
Answer: The publisher 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, the publisher 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?
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Table of Contents
1. Executive Summary
2. Global Organic Rankine Cycle Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Turboden
- Exergy International
- Zhejiang Kaishan Compressor
- ENOGIA
- Triogen
- Calnetix Technologies
- ABB
- Atlas Copco
- TAS Energy
- Elvosolar
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the 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 the 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 professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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