Geothermal ORC - Global Strategic Business Report

The global market for Geothermal ORC was estimated at US$8.0 Billion in 2024 and is projected to reach US$16.5 Billion by 2030, growing at a CAGR of 12.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Geothermal ORC market.

Global Geothermal ORC Market - Key Trends & Drivers Summarized

How Is Geothermal ORC Enhancing Renewable Energy Generation?

Geothermal Organic Rankine Cycle (ORC) technology has emerged as a critical component in the transition toward sustainable and efficient renewable energy solutions. ORC systems use low-to-moderate-temperature geothermal resources to generate electricity, utilizing organic fluids with lower boiling points than water to drive turbines. This enables power generation from geothermal heat sources that were previously considered unviable due to insufficient temperature for conventional steam-based turbines. By maximizing energy extraction from lower-enthalpy geothermal reservoirs, ORC technology has expanded the potential of geothermal power generation worldwide.

The adoption of ORC in geothermal plants is accelerating due to its ability to enhance efficiency, reduce greenhouse gas emissions, and provide stable baseload power. Unlike solar and wind energy, geothermal ORC operates continuously, unaffected by weather conditions, making it a highly reliable energy source. Recent advancements in working fluids, heat exchanger designs, and binary cycle efficiency have further improved ORC system performance. Governments and private investors are increasingly funding geothermal projects incorporating ORC technology as part of decarbonization strategies, boosting the market's growth and competitiveness within the renewable energy sector.

Which Industries and Applications Are Driving Demand for Geothermal ORC?

Geothermal ORC technology is primarily used in power generation, enabling the efficient conversion of low-to-medium-temperature geothermal heat into electricity. Many geothermal power plants worldwide are integrating ORC systems to enhance energy output, particularly in regions with moderate geothermal reservoirs such as the United States, Italy, Indonesia, and Iceland. The technology is also being adopted in hybrid renewable energy systems, where geothermal ORC is combined with solar thermal or biomass energy sources to maximize efficiency and reliability.

Beyond electricity generation, ORC technology is finding applications in industrial waste heat recovery, where excess heat from manufacturing processes is converted into usable power. Industries such as cement production, steel manufacturing, and chemical processing are leveraging ORC systems to reduce energy waste and lower operational costs. Additionally, ORC is being explored in district heating networks and agricultural applications, including greenhouse heating and aquaculture, where geothermal energy provides a sustainable alternative to fossil fuel-based heating systems. The versatility and efficiency of geothermal ORC continue to drive adoption across multiple sectors.

What Are the Latest Technological Advancements in Geothermal ORC Systems?

Recent technological advancements in geothermal ORC systems have significantly improved efficiency, scalability, and economic feasibility. One of the most notable innovations is the development of next-generation working fluids with enhanced thermal stability and heat transfer properties. These advanced fluids allow for greater energy recovery from lower-temperature geothermal sources, increasing overall system efficiency. Additionally, the use of supercritical ORC cycles is emerging, enabling even higher efficiency by operating at pressures and temperatures beyond traditional organic fluids’ critical points.

The integration of digital twin technology and AI-driven predictive maintenance is also transforming geothermal ORC operations. Smart sensors and real-time monitoring systems optimize plant performance, reduce maintenance costs, and extend equipment lifespan. Furthermore, modular ORC designs are becoming more prevalent, enabling faster deployment and scalability for small- to medium-sized geothermal power plants. These technological advancements are positioning ORC systems as a viable and competitive solution for expanding global geothermal energy capacity.

What Factors Are Fueling the Growth of the Geothermal ORC Market?

The growth in the geothermal ORC market is driven by several factors, including increasing investments in renewable energy, rising demand for baseload power solutions, and technological advancements improving ORC efficiency. Governments worldwide are implementing policies and incentives to promote geothermal power generation, creating opportunities for ORC system deployments. The growing need for sustainable and low-carbon energy alternatives has further accelerated the adoption of geothermal ORC technology.

Additionally, the expansion of industrial waste heat recovery projects has increased demand for ORC systems beyond traditional geothermal applications. Advancements in modular and scalable ORC designs have made the technology more accessible to smaller geothermal sites, contributing to market expansion. The increasing integration of ORC with other renewable energy sources, such as biomass and solar thermal, is also driving market growth by improving overall energy system efficiency. As the world transitions to a cleaner energy future, geothermal ORC is expected to play a crucial role in global renewable energy development.

Scope of Study:

The report analyzes the Geothermal ORC market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Power Output (Below 1 MWe, 1 - 5 MWe, 5 - 10 MWe, Above 10 MWe)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Below 1 MWe segment, which is expected to reach US$8.2 Billion by 2030 with a CAGR of a 15.4%. The 1 - 5 MWe segment is also set to grow at 9.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $2.2 Billion in 2024, and China, forecasted to grow at an impressive 17.6% CAGR to reach $3.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Geothermal ORC 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 Geothermal ORC 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 Geothermal ORC 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 2024 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 players such as ABB Ltd., Alfa Laval, Atlas Copco AB, Baker Hughes, Calnetix Technologies, LLC and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 44 companies featured in this Geothermal ORC market report include:

• ABB Ltd.
• Alfa Laval
• Atlas Copco AB
• Baker Hughes
• Calnetix Technologies, LLC
• Elvosolar, a.s.
• Enertime
• ENOGIA
• Exergy International Srl
• Fuji Electric
• General Electric
• INTEC GMK
• Kaishan USA
• Mitsubishi Heavy Industries, Ltd.
• ORCAN ENERGY AG
• Ormat Technologies
• Siemens Energy
• Toshiba Corporation
• Triogen
• Turboden S.p.A

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.