Global Organic Rankine Cycle - ORC System
Market Report
2025
The Global Organic Rankine Cycle (ORC) System market size will be $1,287.41 Million by 2028. Organic Rankine Cycle (ORC) System Industry's Compound Annual Growth Rate will be 7.97% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Organic Rankine Cycle (ORC) System market size will be $1,287.41 Million by 2028. Organic Rankine Cycle (ORC) System Industry's Compound Annual Growth Rate will be 7.97% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Organic Rankine Cycle - ORC System Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 7.97% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Power Generation Capacity |
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Market Split by Heat Source |
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Market Split by Application |
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Market Split by End-User Industry |
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Market Split by Component |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Organic Rankine Cycle - ORC System Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Organic Rankine Cycle system used low-temperature heat sources to generate power using renewable energy sources. The organic working fluid used in cycle has low boiling point, high-vapor pressure than water to produce electricity. The use of organic working fluid brings higher efficiencies in cycle. Organic Rankine cycle is more economic solutions that provides high performance, flexibility, and low capital costs. Low temperature heat sources such as solar, geothermal, wind, and heat losses from a wide range of industries, are increasingly being considered as energy sources for power generation in ORC cycle process. Various benefits offered by ORC includes lower temperature applications and operation and maintenance costs, compactness, less water consumption, smaller expanders with higher rotational speeds, quiet operation, and simple start/stop procedures.
The demand for ORC cycle process for power generation is high as it is eco-friendly, operates at low temperature with renewable heat energy sources that reduces the cost of operation. Organic Rankine cycles is installed in many countries such as USA, Canada, Italy and Germany although applications have also been reported in Finland, Belgium, Switzerland, Austria, Russia, Romania, India and Morocco. There is higher preference of solar energy source-based ORC cycle used in power generation, as it provides efficient process of power generation and it is eco-friendly with modern technologies.
Overall, the benefits associated with ORC cycle system has gained more demand for its application across various sector that boost the growth of market.
Electricity consumption is rising since several decades and has become heart of modern economies. This demand is expected to rise in the coming years, owing to an increase in disposable income, the demand for electricity has increased, leading to an increased adoption of electricity in automobiles and industries. Therefore, the demand for organic Rankine cycle (ORC) is expected to rise, during the forecast period.
Electricity demand follows two distinct regional paths. In advanced economies, future growth linked to increasing digitalization and electrification is largely offset by energy efficiency improvements.
Rising industrial development along with infrastructure development accounts for over 90% of global electricity demand today, while transport makes up less than 2%. Several smart devices and automation require consistent power supply. Smart homes and smart offices often require control systems with significantly, low power nodes, actuators and sensors that are always on.
Additionally, rising use of power supply in healthcare industry is surging the demand of electricity, thereby boosting the demand for the ORC’s.
The future of healthcare industry is shaping up with advances in digital healthcare technologies, including artificial intelligence, VR/AR, 3D-printing, robotics and nanotechnology. The advancement in robotics and machine learning coupled with automation in medical industry is expected to drive the demand for electricity.
Thus, electricity consumption continues to increase faster than world population, leading to an increase in the average amount of electricity consumed per person.
Production of electricity through burning of fossil fuels has a harmful effect on the environment and is also responsible for global warming and climate changes, owing to this, the demand and supply of these resources are always questioned. Hence, renewable energy sources, such as wind and solar, are becoming increasingly important. The impact of the transition toward renewable energy sources become more apparent when looking at the amount of energy consumption expected in 2050.
Major countries are opting for cleaner and green power generation technologies. The ORC system has been proven to be an effective heat-to-power conversion technology and thus, it has been acknowledged as a promising option to extract useful energy in a wide range of applications such as solar, biomass, waste heat recovery, along with geothermal energy.
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Ormat Technologies, Inc. is a U.S. based company which is engaged in delivering renewable power and clean, reliable energy solutions from geothermal, recovered energy. The company also focuses on providing energy management and storage solutions. The company is involved in developing, designing, manufacturing, building and distribution of the power generating equipment to their customers’ geothermal and recovered energy power plants in 30 countries.
The company has a vertically integrated structure which help them to leverage their renewable energy expertise, core capabilities, and global experience to develop and distribute geothermal, recovered energy, and energy management and storage solutions.
June 2021
Ormat Technologies, Inc. has completed the McGinness Hills Phase 3 expansion which has increased the power plant net capacity to around 69 MW and has brought the entire McGinness Hills complex capacity to a total of approximately 160 MW.
Turboden is an Italian company founded in 1980 which is into a business of design, manufacture, and maintenance of Organic Rankine Cycle (ORC) systems. ORC systems can create electric and thermal energy from a variety of sources, including renewables (biomass, geothermal, and solar energy), traditional fuels, and waste heat from industrial processes, waste incinerators, motors, and gas turbines. Along with ORC Systems company also provides gas expanders and large heat pumps. Waste Heat Recovery, Combined Cycles, Oil & Gas, High-Temperature CHP, Large Heat Pump, Gas Expander are the domains in which they provide energy-efficient solutions. They also provide a solution for Renewables such as Geothermal, Biomass, waste to energy, and Concentrated Solar Power. It has a capacity of 700 MWe and 400 plants in more than 40 countries.
Turboden has partnered with Siemens Energy to initiate an efficient gas compressor station. This project is expected to improve natural gas supply and raise production in Egypt's south.
Top Companies Market Share in Organic Rankine Cycle - ORC System Industry: (In no particular order of Rank)
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Region and country analysis section of Organic Rankine Cycle - ORC System Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Organic Rankine Cycle - ORC System market.
The current report Scope analyzes Organic Rankine Cycle - ORC System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Organic Rankine Cycle - ORC System Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Organic Rankine Cycle - ORC System Industry growth. Organic Rankine Cycle - ORC System market has been segmented with the help of its Power Generation Capacity, Heat Source Application, and others. Organic Rankine Cycle - ORC System market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Organic Rankine Cycle - ORC System market report categorizes competitors based on Power Generation Capacity, offering a detailed analysis of their products and business strategies. This segmentation is essential for understanding the different facets of the market, providing valuable insights into each category. Key information for each segment includes definitions, advantages, real-world use cases, technological advancements, regional benefits, and other relevant factors that differentiate each type within the market. Furthermore, the report highlights the growth trajectories of these segments, detailing metrics such as market share, revenue figures, and compound annual growth rates over the forecast period. This allows stakeholders to understand the performance and potential of each segment, aiding in better decision-making and strategic planning. (For more comprehensive details, you can request a sample of the pages or contact our team directly)
Power Generation Capacity of Organic Rankine Cycle - ORC System analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Organic Rankine Cycle - ORC System Industry. Request a Free Sample PDF!
The Heat Recovery Revenue will be USD 215.05 Million by 2028.
Organic Rankine Cycle is used in the waste heat recovery application. The waste heat recovery is considered as important development field for ORC cycle where a low boiling point organic fluid is used as working medium. ORC with the heat transfer fluid circulated used as an intermediate fluid for recovering waste heat from the background process
Turbine Organic Rankine Cycle produced power and heat with combination of efficient user-friendly option such as use of biomass from virgin wood to organic residues from various production processes. The generated power ranges up to 20 MW electric per single shaft. Heat transfer fluid or heat from biomass combustion is transferred to the ORC working fluid by means of an intermediate circuit. This media is typically thermal oil, but can also be saturated steam, pressurized water or directly the ORC working fluid.
Organic Rankine Cycle technology converts low-temperature heat sources into mechanical energy and also used to develop electrical energy in closed circuit. The ORC technology used in geothermal power plant helps in conversion of energy ORC system can also be used to increase energy efficiency in the industry by utilizing the waste heat produced.
Organic Rankine Cycle is used to convert energy from low-temperature heat transfer into electrical energy. ORCs used in solar applications. The solar ORC has potential to reduce the primary energy consumption and the carbon dioxide emissions.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Power Generation Capacity | 1 MW, 1-10 MW, 10-50 MW, >50 MW |
Heat Source | Waste Heat Recovery, Geothermal Energy, Solar Energy, Biomass Energy |
Application | Power Generation, Cogeneration, District Heating, Industrial Process Heat |
End-User Industry | Oil and Gas, Manufacturing, Mining, Power Utilities, Others |
Component | Turbine, Expander, Heat Exchanger, Controls and Instrumentation |
List of Competitors | Ebara Corporation, Ormat Technologies, Calnetix Technologies LLC, Turboden S.r.l., Turbec France SAS, Alfa Laval, Siemens Energy, Kawasaki Heavy Industries Ltd., Enogia S.A. |
This chapter will help you gain GLOBAL Market Analysis of Organic Rankine Cycle - ORC System. Further deep in this chapter, you will be able to review Global Organic Rankine Cycle - ORC System Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Organic Rankine Cycle - ORC System. Further deep in this chapter, you will be able to review North America Organic Rankine Cycle - ORC System Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Organic Rankine Cycle - ORC System. Further deep in this chapter, you will be able to review Europe Organic Rankine Cycle - ORC System Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Organic Rankine Cycle - ORC System. Further deep in this chapter, you will be able to review Asia Pacific Organic Rankine Cycle - ORC System Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Organic Rankine Cycle - ORC System. Further deep in this chapter, you will be able to review South America Organic Rankine Cycle - ORC System Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Organic Rankine Cycle - ORC System. Further deep in this chapter, you will be able to review Middle East Organic Rankine Cycle - ORC System Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Organic Rankine Cycle - ORC System. Further deep in this chapter, you will be able to review Middle East Organic Rankine Cycle - ORC System Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Organic Rankine Cycle - ORC System. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Power Generation Capacity Analysis 2019 -2031, will provide market size split by Power Generation Capacity. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Power Generation Capacity Analysis 2021 - 2033
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Chapter 11 Market Split by Heat Source Analysis 2021 - 2033
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Chapter 12 Market Split by Application Analysis 2021 - 2033
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Chapter 13 Market Split by End-User Industry Analysis 2021 - 2033
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Chapter 14 Market Split by Component Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Organic Rankine Cycle - ORC System market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 16 Research Methodology and Sources
Why 1 MW have a significant impact on Organic Rankine Cycle - ORC System market? |
What are the key factors affecting the 1 MW and 1-10 MW of Organic Rankine Cycle - ORC System Market? |
What is the CAGR/Growth Rate of Waste Heat Recovery during the forecast period? |
By type, which segment accounted for largest share of the global Organic Rankine Cycle - ORC System Market? |
Which region is expected to dominate the global Organic Rankine Cycle - ORC System Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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