Global Organic Rankine Cycle Market to Reach US$637 Million by the Year 2026

New York, Jan. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Organic Rankine Cycle Industry” – https://www.reportlinker.com/p06032401/?utm_source=GNW
Designed to generate thermal and electric power, ORC systems use different sources like conventional fuels along with renewable options such as solar energy, biomass and geothermal energy. These systems can also exploit waste heat from gas turbines, waste incinerators and industrial processes. Growth in the global market is set to be driven by rapid industrialization and climate change concerns that are prompting industries to shift away from traditional power towards clean energy generation. The market expansion is also favored by favorable policies promoting sustainable technologies. The market expansion is poised to be favored by continuously increasing energy demand and enforcement of stringent emission regulations coupled with rising awareness of industrial sectors regarding energy efficiency. In the recent years, various countries have implemented financial measures and policies to accelerate the transition towards renewable energy. These endeavors are increasing the use of ORC systems for various applications associated with renewable power generation, including concentrated solar power, geothermal and biomass.

Amid the COVID-19 crisis, the global market for Organic Rankine Cycle estimated at US$224.6 Million in the year 2020, is projected to reach a revised size of US$637 Million by 2026, growing at a CAGR of 19.4% over the analysis period. Geothermal, one of the segments analyzed in the report, is projected to grow at a 19.8% CAGR to reach US$628.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Heat Recovery segment is readjusted to a revised 17.1% CAGR for the next 7-year period. Growth in the Geothermal segment is due to implementation of large-scale and high-capacity geothermal projects. Waste heat recovery is gaining from increasing attention on energy efficiency and continuing efforts by the industrial sector to exploit energy in an efficient manner. ORC-based waste heat recovery units are witnessing increasing use across applications like waste-to-energy projects and gas turbines in leading industries such as oil & gas, metal, glass and cement.

The U.S. Market is Estimated at $77.8 Million in 2021, While Asia-Pacific is Forecast to Reach $218.6 Million by 2026

The Organic Rankine Cycle market in the U.S. is estimated at US$77.8 Million in the year 2021. The country currently accounts for a 30.2% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$218.6 Million in the year 2026 trailing a CAGR of 19.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 16.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.3% CAGR over the analysis period. Asia-Pacific remains the front-runner, owing to massive investments by various countries in ORC-based geothermal projects. The commencement of two large-scale ORC-based geothermal units in New Zealand and Indonesia in the recent years has established Asia-Pacific as the leading market globally. Growth in North America is attributed to ongoing work on a number of large-scale geothermal power generation projects in the US. The ORC market is gaining notable momentum in Europe on account of enforcement of supportive policies and ongoing efforts to promote energy efficiency and renewable energy projects.

Select Competitors (Total 48 Featured)

  • Atlas Copco North America LLC.
  • Calnetix Technologies, LLC.
  • ELVOSOLAR a.s.
  • ENOGIA SAS
  • Exergy International Srl
  • INTEC GMK GmbH
  • KAISHAN GROUP CO., LTD.
  • Orcan Energy AG
  • Ormat Technologies Inc.
  • SUMEC GeoPower AG
  • Triogen NL
  • Turboden S.p.A.

Read the full report: https://www.reportlinker.com/p06032401/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession: 2020
Marked as a Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021?
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
COVID-19 Crisis Underlines the Need for Sustainable Development
Investment Scenario on Renewable Energy Remains Impacted
EXHIBIT 2: Global Investments in Clean Energy & Efficiency
Technologies (In US$ Billion) for the Years 2018, 2019 & 2020
Inevitable Rise in Energy Demand Post COVID-19 to Throw
Spotlight on Renewable Energy Driving the Organic Rankine
Cycle Market
COVID-19 Brings Serious Challenges for Biomass Power Industry
COVID-19 Brings Geothermal Projects to a Standstill in Turkey
An Introduction to Organic Rankine Cycle (ORC)
ORC Technology: Primary Applications
EXHIBIT 3: Global Energy Mix: 1990 Vs 2020 Vs 2030
EXHIBIT 4: Global Renewable Energy Breakdown by Type: 2010 Vs 2030
Global Market Prospects & Outlook
Clean Energy Generation Bonanza Portends Radical Gains for
Global ORC Market
ORC Waste Heat to Power Market Enjoys Real Moment with Adoption
of Clean Energy Generation Technologies
Researchers Bet on Innovative ORC Technology to Exploit
Industrial Waste Heat
Analysis by Application
EXHIBIT 5: World Organic Rankine Cycle Market by Application:
(2021 & 2027): Percentage Breakdown of Revenues for Geothermal,
Waste Heat Recovery, and Other Applications
Regional Analysis
EXHIBIT 6: World Organic Rankine Cycle Market (2021 & 2027):
Percentage Breakdown of Revenues for Developed and Developing
Regions
EXHIBIT 7: World Organic Rankine Cycle Market – Geographic
Regions Ranked by Value CAGR for 2020-2027: USA, Asia-Pacific,
Rest of World, Europe, and Canada
Competitive Scenario
Recent Market Activity
Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Industrial Applications of ORC
Rising Demand for Single-Stage and Cascaded ORC Systems
Commercial Use of Organic ORC Systems for Small and Large Scale
Thermal Conversion
Steam Rankine Cycle Systems for Nuclear Plants and Coal-fired
Power Plants
Recycling Waste Heat with ORC for Self-consumption of Plant
Novel ORC Couples Subcritical and Supercritical Heat Absorption
Procedures
Optimized Regenerative ORC Enhance Performance of Internal
Combustion Engines
ORC Technology Helps Recover Potentially Huge Amount of Waste Heat
The Role of ORC in Decarbonization Goals
EXHIBIT 8: Domestic GHG Emission Reduction Targets of Select
Regions/Countries
EXHIBIT 9: World Carbon Footprint Management Market by Vertical
(2020 & 2027): Percentage Breakdown of Revenues for Energy &
Utilities, Manufacturing, Transportation & Logistics,
Residential & Commercial Buildings, and IT & Telecom
ORC System Seeks Role in Waste Heat Recovery Technologies
EXHIBIT 10: Global Waste Generation, by Region (in millions of
tonnes/year): 2016, 2030, & 2050
EXHIBIT 11: Percentage of Municipal Solid Waste Burned with
Energy Recovery in Select Countries
Novel Opportunities in Waste to Energy Sector
Uptrend in Geothermal Power Sector Augurs Well
EXHIBIT 12: Global Geothermal Energy Installed Capacity (GW)
for the Years 2010-2019
EXHIBIT 13: Geothermal Power Installed Capacity (in MW) by
Country for 2020
EXHIBIT 14: Geothermal Capacity Additions (in GW) by Region/
Country for 2019, 2020 & 2021
Impact of Geothermal Stations on the Environment
Patent Activity in Geothermal Energy Sector
EXHIBIT 15: # of Patent Applications in Advanced Geothermal
Market for 2000-2019
Expanding Biomass Sector Offers Opportunities
EXHIBIT 16: Biomass CHP as a Percentage of Total CHP Generation
in Select Countries
Issues Linked to ORC and Possible Solutions

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Organic Rankine
Cycle by Geographic Region – USA, Canada, Europe, Asia-Pacific
and Rest of World Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 2: World 7-Year Perspective for Organic Rankine Cycle by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Europe, Asia-Pacific and Rest of World Markets for
Years 2021 & 2027

Table 3: World Current & Future Analysis for Geothermal by
Geographic Region – USA, Canada, Europe, Asia-Pacific and Rest
of World Markets – Independent Analysis of Annual Revenues in
US$ Thousand for Years 2020 through 2027 and % CAGR

Table 4: World 7-Year Perspective for Geothermal by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Europe, Asia-Pacific and Rest of World for Years 2021 &
2027

Table 5: World Current & Future Analysis for Waste Heat
Recovery by Geographic Region – USA, Canada, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027
and % CAGR

Table 6: World 7-Year Perspective for Waste Heat Recovery by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Europe, Asia-Pacific and Rest of World for Years
2021 & 2027

Table 7: World Current & Future Analysis for Other Applications
by Geographic Region – USA, Canada, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 8: World 7-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Europe, Asia-Pacific and Rest of World for Years
2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 9: USA Current & Future Analysis for Organic Rankine
Cycle by Application – Geothermal, Waste Heat Recovery and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 10: USA 7-Year Perspective for Organic Rankine Cycle by
Application – Percentage Breakdown of Value Revenues for
Geothermal, Waste Heat Recovery and Other Applications for the
Years 2021 & 2027

CANADA
Table 11: Canada Current & Future Analysis for Organic Rankine
Cycle by Application – Geothermal, Waste Heat Recovery and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 12: Canada 7-Year Perspective for Organic Rankine Cycle
by Application – Percentage Breakdown of Value Revenues for
Geothermal, Waste Heat Recovery and Other Applications for the
Years 2021 & 2027

EUROPE
Table 13: Europe Current & Future Analysis for Organic Rankine
Cycle by Geographic Region – Germany, Italy, Turkey and Rest of
Europe Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 14: Europe 7-Year Perspective for Organic Rankine Cycle
by Geographic Region – Percentage Breakdown of Value Revenues
for Germany, Italy, Turkey and Rest of Europe Markets for Years
2021 & 2027

Table 15: Europe Current & Future Analysis for Organic Rankine
Cycle by Application – Geothermal, Waste Heat Recovery and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 16: Europe 7-Year Perspective for Organic Rankine Cycle
by Application – Percentage Breakdown of Value Revenues for
Geothermal, Waste Heat Recovery and Other Applications for the
Years 2021 & 2027

GERMANY
Table 17: Germany Current & Future Analysis for Organic Rankine
Cycle by Application – Geothermal, Waste Heat Recovery and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 18: Germany 7-Year Perspective for Organic Rankine Cycle
by Application – Percentage Breakdown of Value Revenues for
Geothermal, Waste Heat Recovery and Other Applications for the
Years 2021 & 2027

ITALY
Table 19: Italy Current & Future Analysis for Organic Rankine
Cycle by Application – Geothermal, Waste Heat Recovery and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 20: Italy 7-Year Perspective for Organic Rankine Cycle by
Application – Percentage Breakdown of Value Revenues for
Geothermal, Waste Heat Recovery and Other Applications for the
Years 2021 & 2027

TURKEY
Table 21: Turkey Current & Future Analysis for Organic Rankine
Cycle by Application – Geothermal, Waste Heat Recovery and
Other Applications – Independent Analysis of Annual Revenues in
US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 22: Turkey 7-Year Perspective for Organic Rankine Cycle
by Application – Percentage Breakdown of Value Revenues for
Geothermal, Waste Heat Recovery and Other Applications for the
Years 2021 & 2027

REST OF EUROPE
Table 23: Rest of Europe Current & Future Analysis for Organic
Rankine Cycle by Application – Geothermal, Waste Heat Recovery
and Other Applications – Independent Analysis of Annual
Revenues in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 24: Rest of Europe 7-Year Perspective for Organic Rankine
Cycle by Application – Percentage Breakdown of Value Revenues
for Geothermal, Waste Heat Recovery and Other Applications for
the Years 2021 & 2027

ASIA-PACIFIC
Table 25: Asia-Pacific Current & Future Analysis for Organic
Rankine Cycle by Application – Geothermal, Waste Heat Recovery
and Other Applications – Independent Analysis of Annual
Revenues in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 26: Asia-Pacific 7-Year Perspective for Organic Rankine
Cycle by Application – Percentage Breakdown of Value Revenues
for Geothermal, Waste Heat Recovery and Other Applications for
the Years 2021 & 2027

REST OF WORLD
Table 27: Rest of World Current & Future Analysis for Organic
Rankine Cycle by Application – Geothermal, Waste Heat Recovery
and Other Applications – Independent Analysis of Annual
Revenues in US$ Thousand for the Years 2020 through 2027 and %
CAGR

Table 28: Rest of World 7-Year Perspective for Organic Rankine
Cycle by Application – Percentage Breakdown of Value Revenues
for Geothermal, Waste Heat Recovery and Other Applications for
the Years 2021 & 2027

IV. COMPETITION
Total Companies Profiled: 48
Read the full report: https://www.reportlinker.com/p06032401/?utm_source=GNW

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