PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346892
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346892
Organic Rankine Cycle Market Share, Size, Trends, Industry Analysis Report, By Application (Waste Heat Recovery, Biomass, Geothermal, Solar Thermal, Oil & Gas, Waste to Energy), By Region, And Segment Forecasts, 2023 - 2032
The global organic rankine cycle market size is expected to reach USD 1,162.10 million by 2032, according to a new study by Polaris Market Research. The report "Organic Rankine Cycle Market Share, Size, Trends, Industry Analysis Report, By Application (Waste Heat Recovery, Biomass, Geothermal, Solar Thermal, Oil & Gas, Waste to Energy), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing adoption of renewable energy in countries like the U.S., China, Germany, and Canada is driving progressive regulations and providing financial incentives to promote renewable energy deployment. Governments worldwide are utilizing various measures, including feed-in tariffs, subsidies, and tax benefits, to attract investments in the renewable energy sector. These initiatives are expected to fuel the market's growth in the coming years.
The production shutdown of facilities has notably impacted the supply chains for spare parts in the organic rankine cycle (ORC) systems. Manufacturing activities across the energy and power sector have experienced significant slowdowns, leading to delays in the production of components. Travel restrictions, quarantine measures, and lockdowns, both locally and internationally, have further compounded the situation, resulting in disruptions in the shipment of already manufactured parts to distributors and end-users. While ORC manufacturers typically maintain adequate reserves of critical parts, devices, components, and materials for emergencies, they are now encountering increased challenges due to limited production capacity in countries heavily affected by the COVID-19 pandemic.
The market was characterized by high concentration, with a few key players such as Ormat, Turboden, and Exergy. These companies not only supply ORC equipment but also emphasize the provision of engineering, procurement, and construction (EPC) services and long-term maintenance services to strengthen their market position. This strategic focus on comprehensive solutions is anticipated to enable these companies to maintain their dominance in the ORC market throughout the forecast period. By offering a combination of ORC equipment, EPC services, and a substantial portfolio of geothermal projects, ORMAT has established itself as a leading company in the U.S. ORC market. The company's expertise and track record contribute to the growth and advancement of geothermal ORC projects in the country, further strengthening its position in the industry.
Organic Rankine Cycle Market Report Highlights
Geothermal segment held the majority market share, as these projects have higher capacity and currently being employed in several countries, as a part its flagship projects
Europe region led the largest revenue share, owing to strong government push towards renewable projects and significant investments in the sector, coupled with pressure from international agencies to achieve sustainable development goals
The global key market players include: Turboden, Exergy International, Zhejiang Kaishan Compressor, Enogia SAS, Triogen, Calnetix Technologies, ABB, Atlas Copco, TAS Energy, and Elvosolar
Polaris Market Research has segmented the organic rankine cycle market report based on application, and region:
Organic Rankine Cycle, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Waste Heat Recovery
- Petroleum Refinery
- Chemical
- Glass
- Cement
- Metal Production and Casting (Iron & Steel)
- Biomass
- Geothermal
- Solar Thermal
- Oil & Gas (Gas Pipeline Pressure Stations)
- Waste to Energy
Organic Rankine Cycle, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Organic Rankine Cycle Market Insights
- 4.1. Organic Rankine Cycle Market - Industry Snapshot
- 4.2. Organic Rankine Cycle Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing focus on renewable energy sources
- 4.2.1.2. Low operation and maintenance cost
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Limited temperature range
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.6. Organic Rankine Cycle Industry trends
- 4.7. COVID-19 Impact Analysis
5. Global Organic Rankine Cycle Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 5.3. Waste Heat Recovery
- 5.3.1. Global Organic Rankine Cycle Market, by Waste Heat Recovery, by Region, 2019-2032 (USD Million)
- 5.3.2. Petroleum Refinery
- 5.3.2.1. Global Organic Rankine Cycle Market, by Petroleum Refinery, by Region, 2019-2032 (USD Million)
- 5.3.3. Chemical
- 5.3.3.1. Global Organic Rankine Cycle Market, by Chemical, by Region, 2019-2032 (USD Million)
- 5.3.4. Glass
- 5.3.4.1. Global Organic Rankine Cycle Market, by Glass, by Region, 2019-2032 (USD Million)
- 5.3.5. Cement
- 5.3.5.1. Global Organic Rankine Cycle Market, by Cement, by Region, 2019-2032 (USD Million)
- 5.3.6. Metal Production and Casting (Iron & Steel)
- 5.3.6.1. Global Organic Rankine Cycle Market, by Metal Production and Casting (Iron & Steel), by Region, 2019-2032 (USD Million)
- 5.4. Biomass
- 5.4.1. Global Organic Rankine Cycle Market, by Biomass, by Region, 2019-2032 (USD Million)
- 5.5. Geothermal
- 5.5.1. Global Organic Rankine Cycle Market, by Geothermal, by Region, 2019-2032 (USD Million)
- 5.6. Solar Thermal
- 5.6.1. Global Organic Rankine Cycle Market, by Solar Thermal, by Region, 2019-2032 (USD Million)
- 5.7. Oil & Gas (Gas Pipeline Pressure Stations)
- 5.7.1. Global Organic Rankine Cycle Market, by Oil & Gas (Gas Pipeline Pressure Stations), by Region, 2019-2032 (USD Million)
- 5.8. Waste to Energy
- 5.8.1. Global Organic Rankine Cycle Market, by Waste to Energy, by Region, 2019-2032 (USD Million)
6. Global Organic Rankine Cycle Market, by Geography
- 6.1. Key findings
- 6.2. Introduction
- 6.2.1. Organic Rankine Cycle Market Assessment, By Geography, 2019-2032 (USD Million)
- 6.3. Organic Rankine Cycle Market - North America
- 6.3.1. North America: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.3.2. Organic Rankine Cycle Market - U.S.
- 6.3.2.1. U.S.: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.3.3. Organic Rankine Cycle Market - Canada
- 6.3.3.1. Canada: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.4. Organic Rankine Cycle Market - Europe
- 6.4.1. Europe: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.4.2. Organic Rankine Cycle Market - UK
- 6.4.2.1. UK: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.4.3. Organic Rankine Cycle Market - France
- 6.4.3.1. France: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.4.4. Organic Rankine Cycle Market - Germany
- 6.4.4.1. Germany: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.4.5. Organic Rankine Cycle Market - Italy
- 6.4.5.1. Italy: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.4.6. Organic Rankine Cycle Market - Spain
- 6.4.6.1. Spain: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.4.7. Organic Rankine Cycle Market - Netherlands
- 6.4.7.1. Netherlands: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.4.8. Organic Rankine Cycle Market - Austria
- 6.4.8.1. Austria: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.5. Organic Rankine Cycle Market - Asia Pacific
- 6.5.1. Asia Pacific: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.5.2. Organic Rankine Cycle Market - China
- 6.5.2.1. China: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.5.3. Organic Rankine Cycle Market - India
- 6.5.3.1. India: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.5.4. Organic Rankine Cycle Market - Malaysia
- 6.5.4.1. Malaysia: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.5.5. Organic Rankine Cycle Market - Japan
- 6.5.5.1. Japan: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.5.6. Organic Rankine Cycle Market - Indonesia
- 6.5.6.1. Indonesia: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.5.7. Organic Rankine Cycle Market - South Korea
- 6.5.7.1. South Korea: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.6. Organic Rankine Cycle Market - Middle East & Africa
- 6.6.1. Middle East & Africa: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.6.2. Organic Rankine Cycle Market - Saudi Arabia
- 6.6.2.1. Saudi Arabia: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.6.3. Organic Rankine Cycle Market - UAE
- 6.6.3.1. UAE: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.6.4. Organic Rankine Cycle Market - Israel
- 6.6.4.1. Israel: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.6.5. Organic Rankine Cycle Market - South Africa
- 6.6.5.1. South Africa: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.7. Organic Rankine Cycle Market - Latin America
- 6.7.1. Latin America: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.7.2. Organic Rankine Cycle Market - Mexico
- 6.7.2.1. Mexico: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.7.3. Organic Rankine Cycle Market - Brazil
- 6.7.3.1. Brazil: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- 6.7.4. Organic Rankine Cycle Market - Argentina
- 6.7.4.1. Argentina: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. ABB
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Atlas Copco
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. Calnetix Technologies
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Elvosolar
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Enogia SAS
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Exergy International
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. TAS Energy
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. Triogen
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. Turboden
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
- 8.10. Zhejiang Kaishan Compressor
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Development
List of Tables
- Table 1 Global Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 2 Organic Rankine Cycle Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 3 North America: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 4 U.S.: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 5 Canada: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 6 Canada: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 7 Europe: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 8 Spain: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 9 Netherlands: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 10 Austria: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 11 Germany: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 12 Italy: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 13 France: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 14 Asia Pacific: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 15 China: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 16 Japan: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 17 India: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 18 Indonesia: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 19 South Korea: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 20 Malaysia: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 21 Latin America: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 22 Brazil: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 23 Mexico: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 24 Argentina: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 25 Middle East & Africa: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 26 South Africa: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 27 Israel: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 28 Saudi Arabia: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
- Table 29 UAE: Organic Rankine Cycle Market, by Application, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Organic Rankine Cycle Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Organic Rankine Cycle Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Organic Rankine Cycle Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 9 Strategic Analysis - Organic Rankine Cycle Market
