Organic Rankine Cycle Market (Application - Waste Heat Recovery, Biomass, Geothermal, Solar Thermal, Waste to Energy, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on organic rankine cycle market provides in-depth analysis of segments and sub-segments in the global as well as regional organic rankine cycle market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional organic rankine cycle market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global organic rankine cycle market.

Market Insight:

The global organic rankine cycle market was valued at USD 443.3 million in 2022 and is expected to reach USD 654.7 million in 2030, with a CAGR of 5.15% during the forecast period 2023-2030.

The Organic Rankine Cycle (ORC) is also named as stream cycle. In the steam cycle, traditional stream is replaced by hydrocarbons. It makes use of either renewable or non-renewable energy sources, such as solar irradiation waste heat from industrial activities, geothermal fluid, ocean thermal gradient, and heat obtained from biomass burning. ORC system primarily refers to closed thermodynamic cycle and is used for power production from low, medium or high temperatures heat sources that ranges from 80-400°C. The small or midsized end users are using it any temperature range. ORC is an option for clean electrical power generation and brings opportunities freshen to industries.

Organic Rankine Cycle (ORC) epoch is a great preference for biomass vegetation due to its high performance, ability, and availability to comply with load dependent on gas deliver. Thus, the rising adoption of ORC by biomass plants is riding the increase of the marketplace. Geothermal sources are one of earth’s middle renewable sources discovered at a depth of 6500 Km. Power technology from geothermal brines is the critical application of all natural rankine cycle set up potential global. The marketplace expansion is poised to be favoured by way of constantly growing electricity demand coupled with growing focus of industrial sectors regarding electricity performance. However, due to extensive investments, a very low number of geothermal plants are to be had. Nevertheless, natural rankine cycle adoption is developing in distinctive industry verticals, gives profitable opportunities for marketplace growth.

The Organic Rankine Cycle (ORC) is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe has developed into one of the largest regions for ORC market by virtue of heavy scale geothermal projects. Furthermore, the region of North America is seen to be in a position for being witnessed with growing demand and need ORC installation over the forecast period owing to rising budgets towards developing renewable energy infrastructure. The government's financial support for clean energy projects, as well as a liberalized regulatory framework to stimulate renewable infrastructure, are expected to contribute to market growth in the North America region.

Report Scope of the Organic Rankine Cycle Market:

Segment Covered

The report on global organic rankine cycle market covers segments such as application. On the basis of application, the sub-markets include waste heat recovery, biomass, geothermal, solar thermal, waste to energy, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Turboden S.p.A., Enogia SAS, ABB, Exergy International Srl, Triogen, Ormat Technologies Inc., Atlas Copco AB, ORC, General Electric, and Corycos Group.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the organic rankine cycle market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.