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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1373330
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1373330
North America Organic Rankine Cycle (ORC) Market Size - By Power Output (≤ 1 MWe, > 1 - 5 MWe, > 5 - 10 MWe, > 10 MWe), Application (Waste Heat Recovery, Biomass, Geothermal, Solar Thermal, Oil & Gas, Waste to Energy) & Forecast, 2023 - 2032
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North America Organic Rankine Cycle (ORC) Market size is anticipated to expand at 14.8% CAGR from 2023 to 2032 driven by the rapid expansion of the geothermal and waste heat recovery sectors.
With the increasing focus on sustainable energy solutions and the rising utilization of waste heat from industrial processes, the demand for efficient ORC systems has heightened for power generation. These systems also effectively convert low-temperature heat into electricity for catering to the growing need for reliable and eco-friendly power generation solutions in the region. Additionally, the higher emphasis on reducing carbon emissions and enhancing energy efficiency is accelerating the adoption of ORC technology.
Furthermore, the investments in geothermal projects, driven by government incentives and environmental policies will foster the industry growth. For instance, in December 2022, Chevron and Occidental announced plans to launch separate projects to help secure the commercial future of geothermal development in the U.S.
The North America ORC industry is segmented in terms of power output, application, and region.
As per power output, the market share from the >10 MWe segment is anticipated to gain significant traction through 2032 owing to the increasing demand for large-scale renewable energy solutions. With the surging focus on transitioning to cleaner energy sources, the preference for ORC systems capable of generating more than 10 megawatts of electricity is significantly rising. Additionally, the deployment of high-capacity ORC systems to cater to the growing energy needs of industrial facilities, communities, and utility-scale power projects will fuel the segment growth.
North America organic rankine cycle industry is projected to witness traction from the waste heat recovery application segment between 2023 and 2032. This is owing to the increasing focus on energy efficiency and sustainability in various industries in the region. ORC systems effectively capture and convert waste heat from industrial processes into valuable electricity, offering a viable solution for enhancing the overall energy productivity and reducing carbon footprints. Furthermore, government incentives and regulations for promoting energy conservation will propel industry growth.
Canada held sizable share of the North America ORC market and is set to record robust growth through 2032 driven by the commitment to sustainable energy solutions and the ongoing development of the renewable energy sector in the region. Additionally, the presence of supportive regulatory environment and government incentives for clean energy initiatives are accelerating the regional product adoption.
Product Code: 6607
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope and definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Unpaid sources
Chapter 2 North America Organic Rankine Cycle (ORC) Industry Insights
- 2.1 Industry ecosystem analysis
- 2.1.1 Vendor matrix
- 2.2 Regulatory landscape
- 2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.2 Industry pitfalls & challenges
- 2.4 Growth potential analysis
- 2.5 Porter's Analysis
- 2.5.1 Bargaining power of suppliers
- 2.5.2 Bargaining power of buyers
- 2.5.3 Threat of new entrants
- 2.5.4 Threat of substitutes
- 2.6 PESTEL Analysis
Chapter 3 Competitive Benchmarking
- 3.1 Innovation & sustainability landscape
- 3.2 Competitive landscape, 2022
- 3.2.1 Strategy dashboard
Chapter 4 North America Organic Rankine Cycle (ORC) Market, By Power Output
- 4.1 Key power output trends
- 4.2 ≤ 1 MWe
- 4.3 > 1 - 5 MWe
- 4.4 > 5 - 10 MWe
- 4.5 > 10 MWe
Chapter 5 North America Organic Rankine Cycle (ORC) Market, By Application
- 5.1 Key application trends
- 5.2 Waste heat recovery
- 5.3 Biomass
- 5.4 Geothermal
- 5.5 Solar thermal
- 5.6 Oil & gas
- 5.7 Waste to energy
Chapter 6 North America Organic Rankine Cycle (ORC) Market, By Country
- 6.1 Key country trends
- 6.2 U.S.
- 6.3 Canada
- 6.4 Mexico
Chapter 7 Company Profiles
- 7.1 General Electric
- 7.2 Mitsubishi Heavy Industries, Ltd.
- 7.3 Turboden S.p.A
- 7.4 Calnetix Technologies, LLC
- 7.5 Kaishan USA
- 7.6 ABB
- 7.7 Atlas Copco AB
- 7.8 ORCAN ENERGY AG
- 7.9 Enertime
- 7.10 Ormat Technologies
- 7.11 ALFA LAVAL
- 7.12 Exergy International Srl
Product Code: 6607
Data Tables
- TABLE 1 Industry impact forces
- TABLE 2 North America market from ≤ 1 MWe, 2019 - 2022 (Volume & Revenue)
- TABLE 3 North America market from ≤ 1 MWe, 2023 - 2027 (Volume & Revenue)
- TABLE 4 North America market from ≤ 1 MWe, 2028 - 2032 (Volume & Revenue)
- TABLE 5 North America market from ≤ 1 MWe, by country, 2019 - 2022 (MW)
- TABLE 6 North America market from ≤ 1 MWe, by country, 2023 - 2027 (MW)
- TABLE 7 North America market from ≤ 1 MWe, by country, 2028 - 2032 (MW)
- TABLE 8 North America market from ≤ 1 MWe, by country, 2019 - 2022 (USD Million)
- TABLE 9 North America market from ≤ 1 MWe, by country, 2023 - 2027 (USD Million)
- TABLE 10 North America market from ≤ 1 MWe, by country, 2028 - 2032 (USD Million)
- TABLE 11 North America market from > 1 - 5 MWe, 2019 - 2022 (Volume & Revenue)
- TABLE 12 North America market from > 1 - 5 MWe, 2023 - 2027 (Volume & Revenue)
- TABLE 13 North America market from > 1 - 5 MWe, 2028 - 2032 (Volume & Revenue)
- TABLE 14 North America market from > 1 - 5 MWe, by country, 2019 - 2022 (MW)
- TABLE 15 North America market from > 1 - 5 MWe, by country, 2023 - 2027 (MW)
- TABLE 16 North America market from > 1 - 5 MWe, by country, 2028 - 2032 (MW)
- TABLE 17 North America market from > 1 - 5 MWe, by country, 2019 - 2022 (USD Million)
- TABLE 18 North America market from > 1 - 5 MWe, by country, 2023 - 2027 (USD Million)
- TABLE 19 North America market from > 1 - 5 MWe, by country, 2028 - 2032 (USD Million)
- TABLE 20 North America market from > 5 - 10 MWe, 2019 - 2022 (Volume & Revenue)
- TABLE 21 North America market from > 5 - 10 MWe, 2023 - 2027 (Volume & Revenue)
- TABLE 22 North America market from > 5 - 10 MWe, 2028 - 2032 (Volume & Revenue)
- TABLE 23 North America market from > 5 - 10 MWe, by country, 2019 - 2022 (MW)
- TABLE 24 North America market from > 5 - 10 MWe, by country, 2023 - 2027 (MW)
- TABLE 25 North America market from > 5 - 10 MWe, by country, 2028 - 2032 (MW)
- TABLE 26 North America market from > 5 - 10 MWe, by country, 2019 - 2022 (USD Million)
- TABLE 27 North America market from > 5 - 10 MWe, by country, 2023 - 2027 (USD Million)
- TABLE 28 North America market from > 5 - 10 MWe, by country, 2028 - 2032 (USD Million)
- TABLE 29 North America market from > 10 MWe, 2019 - 2022 (Volume & Revenue)
- TABLE 30 North America market from > 10 MWe, 2023 - 2027 (Volume & Revenue)
- TABLE 31 North America market from > 10 MWe, 2028 - 2032 (Volume & Revenue)
- TABLE 32 North America market from > 10 MWe, by country, 2019 - 2022 (MW)
- TABLE 33 North America market from > 10 MWe, by country, 2023 - 2027 (MW)
- TABLE 34 North America market from > 10 MWe, by country, 2028 - 2032 (MW)
- TABLE 35 North America market from > 10 MWe, by country, 2019 - 2022 (USD Million)
- TABLE 36 North America market from > 10 MWe, by country, 2023 - 2027 (USD Million)
- TABLE 37 North America market from > 10 MWe, by country, 2028 - 2032 (USD Million)
- TABLE 38 North America market from waste heat recovery, 2019 - 2022 (Volume & Revenue)
- TABLE 39 North America market from waste heat recovery, 2023 - 2027 (Volume & Revenue)
- TABLE 40 North America market from waste heat recovery, 2028 - 2032 (Volume & Revenue)
- TABLE 41 North America market from waste heat recovery, by country, 2019 - 2022 (MW)
- TABLE 42 North America market from waste heat recovery, by country, 2023 - 2027 (MW)
- TABLE 43 North America market from waste heat recovery, by country, 2028 - 2032 (MW)
- TABLE 44 North America market from waste heat recovery, by country, 2019 - 2022 (USD Million)
- TABLE 45 North America market from waste heat recovery, by country, 2023 - 2027 (USD Million)
- TABLE 46 North America market from waste heat recovery, by country, 2028 - 2032 (USD Million)
- TABLE 47 North America market from biomass, 2019 - 2022 (Volume & Revenue)
- TABLE 48 North America market from biomass, 2023 - 2027 (Volume & Revenue)
- TABLE 49 North America market from biomass, 2028 - 2032 (Volume & Revenue)
- TABLE 50 North America market from biomass, by country, 2019 - 2022 (MW)
- TABLE 51 North America market from biomass, by country, 2023 - 2027 (MW)
- TABLE 52 North America market from biomass, by country, 2028 - 2032 (MW)
- TABLE 53 North America market from biomass, by country, 2019 - 2022 (USD Million)
- TABLE 54 North America market from biomass, by country, 2023 - 2027 (USD Million)
- TABLE 55 North America market from biomass, by country, 2028 - 2032 (USD Million)
- TABLE 56 North America market from geothermal, 2019 - 2022 (Volume & Revenue)
- TABLE 57 North America market from geothermal, 2023 - 2027 (Volume & Revenue)
- TABLE 58 North America market from geothermal, 2028 - 2032 (Volume & Revenue)
- TABLE 59 North America market from geothermal, by country, 2019 - 2022 (MW)
- TABLE 60 North America market from geothermal, by country, 2023 - 2027 (MW)
- TABLE 61 North America market from geothermal, by country, 2028 - 2032 (MW)
- TABLE 62 North America market from geothermal, by country, 2019 - 2022 (USD Million)
- TABLE 63 North America market from geothermal, by country, 2023 - 2027 (USD Million)
- TABLE 64 North America market from geothermal, by country, 2028 - 2032 (USD Million)
- TABLE 65 North America market from solar thermal, 2019 - 2022 (Volume & Revenue)
- TABLE 66 North America market from solar thermal, 2023 - 2027 (Volume & Revenue)
- TABLE 67 North America market from solar thermal, 2028 - 2032 (Volume & Revenue)
- TABLE 68 North America market from solar thermal, by country, 2019 - 2022 (MW)
- TABLE 69 North America market from solar thermal, by country, 2023 - 2027 (MW)
- TABLE 70 North America market from solar thermal, by country, 2028 - 2032 (MW)
- TABLE 71 North America market from solar thermal, by country, 2019 - 2022 (USD Million)
- TABLE 72 North America market from solar thermal, by country, 2023 - 2027 (USD Million)
- TABLE 73 North America market from solar thermal, by country, 2028 - 2032 (USD Million)
- TABLE 74 North America market from oil & gas, 2019 - 2022 (Volume & Revenue)
- TABLE 75 North America market from oil & gas, 2023 - 2027 (Volume & Revenue)
- TABLE 76 North America market from oil & gas, 2028 - 2032 (Volume & Revenue)
- TABLE 77 North America market from oil & gas, by country, 2019 - 2022 (MW)
- TABLE 78 North America market from oil & gas, by country, 2023 - 2027 (MW)
- TABLE 79 North America market from oil & gas, by country, 2028 - 2032 (MW)
- TABLE 80 North America market from oil & gas, by country, 2019 - 2022 (USD Million)
- TABLE 81 North America market from oil & gas, by country, 2023 - 2027 (USD Million)
- TABLE 82 North America market from oil & gas, by country, 2028 - 2032 (USD Million)
- TABLE 83 North America market from waste to energy, 2019 - 2022 (Volume & Revenue)
- TABLE 84 North America market from waste to energy, 2023 - 2027 (Volume & Revenue)
- TABLE 85 North America market from waste to energy, 2028 - 2032 (Volume & Revenue)
- TABLE 86 North America market from waste to energy, by country, 2019 - 2022 (MW)
- TABLE 87 North America market from waste to energy, by country, 2023 - 2027 (MW)
- TABLE 88 North America market from waste to energy, by country, 2028 - 2032 (MW)
- TABLE 89 North America market from waste to energy, by country, 2019 - 2022 (USD Million)
- TABLE 90 North America market from waste to energy, by country, 2023 - 2027 (USD Million)
- TABLE 91 North America market from waste to energy, by country, 2028 - 2032 (USD Million)
- TABLE 92 U.S. market, 2019 - 2022 (Volume & Revenue)
- TABLE 93 U.S. market, 2023 - 2027 (Volume & Revenue)
- TABLE 94 U.S. market, 2028 - 2032 (Volume & Revenue)
- TABLE 95 U.S. market by power output, 2019 - 2022 (MW)
- TABLE 96 U.S. market by power output, 2023 - 2027 (MW)
- TABLE 97 U.S. market by power output, 2028 - 2032 (MW)
- TABLE 98 U.S. market by power output, 2019 - 2022 (USD Million)
- TABLE 99 U.S. market by power output, 2023 - 2027 (USD Million)
- TABLE 100 U.S. market by power output, 2028 - 2032 (USD Million)
- TABLE 101 U.S. market by application, 2019 - 2022 (MW)
- TABLE 102 U.S. market by application, 2023 - 2027 (MW)
- TABLE 103 U.S. market by application, 2028 - 2032 (MW)
- TABLE 104 U.S. market by application, 2019 - 2022 (USD Million)
- TABLE 105 U.S. market by application, 2023 - 2027 (USD Million)
- TABLE 106 U.S. market by application, 2028 - 2032 (USD Million)
- TABLE 107 Canada market, 2019 - 2022 (Volume & Revenue)
- TABLE 108 Canada market, 2023 - 2027 (Volume & Revenue)
- TABLE 109 Canada market, 2028 - 2032 (Volume & Revenue)
- TABLE 110 Canada market by power output, 2019 - 2022 (MW)
- TABLE 111 Canada market by power output, 2023 - 2027 (MW)
- TABLE 112 Canada market by power output, 2028 - 2032 (MW)
- TABLE 113 Canada market by power output, 2019 - 2022 (USD Million)
- TABLE 114 Canada market by power output, 2023 - 2027 (USD Million)
- TABLE 115 Canada market by power output, 2028 - 2032 (USD Million)
- TABLE 116 Canada market by application, 2019 - 2022 (MW)
- TABLE 117 Canada market by application, 2023 - 2027 (MW)
- TABLE 118 Canada market by application, 2028 - 2032 (MW)
- TABLE 119 Canada market by application, 2019 - 2022 (USD Million)
- TABLE 120 Canada market by application, 2023 - 2027 (USD Million)
- TABLE 121 Canada market by application, 2028 - 2032 (USD Million)
- TABLE 122 Mexico market, 2019 - 2022 (Volume & Revenue)
- TABLE 123 Mexico market, 2023 - 2027 (Volume & Revenue)
- TABLE 124 Mexico market, 2028 - 2032 (Volume & Revenue)
- TABLE 125 Mexico market by power output, 2019 - 2022 (MW)
- TABLE 126 Mexico market by power output, 2023 - 2027 (MW)
- TABLE 127 Mexico market by power output, 2028 - 2032 (MW)
- TABLE 128 Mexico market by power output, 2019 - 2022 (USD Million)
- TABLE 129 Mexico market by power output, 2023 - 2027 (USD Million)
- TABLE 130 Mexico market by power output, 2028 - 2032 (USD Million)
- TABLE 131 Mexico market by application, 2019 - 2022 (MW)
- TABLE 132 Mexico market by application, 2023 - 2027 (MW)
- TABLE 133 Mexico market by application, 2028 - 2032 (MW)
- TABLE 134 Mexico market by application, 2019 - 2022 (USD Million)
- TABLE 135 Mexico market by application, 2023 - 2027 (USD Million)
- TABLE 136 Mexico market by application, 2028 - 2032 (USD Million)
Charts & Figures
- FIG 1 GMI report coverage: critical research elements
- FIG. 2 Industry segmentation
- FIG. 3 Market forecasting methodology
- FIG. 4 Profile break-up of primary respondents
- FIG. 5 Industry ecosystem analysis
- FIG. 6 Growth potential analysis
- FIG. 7 Porter's Analysis
- FIG. 8 PESTEL Analysis
- FIG. 9 SWOT Analysis, General Electric
- FIG. 10 SWOT Analysis, Mitsubishi Heavy Industries, Ltd.
- FIG. 11 SWOT Analysis, Turboden S.p.A
- FIG. 12 SWOT Analysis, Calnetix Technologies, LLC
- FIG. 13 SWOT Analysis, Kaishan USA
- FIG. 14 SWOT Analysis, ABB
- FIG. 15 SWOT Analysis, Atlas Copco AB
- FIG. 16 SWOT Analysis, ORCAN ENERGY AG
- FIG. 17 SWOT Analysis, Enertime
- FIG. 18 SWOT Analysis, Ormat Technologies
- FIG. 19 SWOT Analysis, ALFA LAVAL
- FIG. 20 SWOT Analysis, Exergy International Srl
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