Organic Rankine Cycle

Global Market Trajectory & Analytics

MCP22435

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DATE

SEP 2021

TABLES

28

PAGES

194

EDITION

4

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USD 5600

CODE

MCP22435


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HIGHLIGHTS & REPORT INDEX

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

The organic rankine cycle (ORC) represents an improved version of rankine cycle and relies on an organic fluid featuring high molecular mass. 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 PLAYERS

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.

SEGMENTS

» Application (Geothermal, Waste Heat Recovery, Other Applications)

GEOGRAPHIES

» World » USA » Canada » Europe » Germany » Italy » Turkey » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

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: 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: 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: Global Energy Mix: 1990 Vs 2020 Vs 2030
EXHIBIT: 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: World Organic Rankine Cycle Market by Application (2021 & 2027): Percentage Breakdown of Revenues for Geothermal, Waste Heat Recovery, and Other Applications
Regional Analysis
EXHIBIT: World Organic Rankine Cycle Market (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
EXHIBIT: 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: Domestic GHG Emission Reduction Targets of Select Regions/Countries
EXHIBIT: 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: Global Waste Generation, by Region (in millions of tonnes/year): 2016, 2030, 2050
EXHIBIT: 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: Global Geothermal Energy Installed Capacity (GW) for the Years 2010-2019
EXHIBIT: Geothermal Power Installed Capacity (in MW) by Country for 2020
EXHIBIT: 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: # of Patent Applications in Advanced Geothermal Market for 2000-2019
Expanding Biomass Sector Offers Opportunities
EXHIBIT: Biomass CHP as a Percentage of Total CHP Generation in Select Countries
Issues Linked to ORC and Possible Solutions
4. GLOBAL MARKET PERSPECTIVE
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
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
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
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
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
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
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
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
UNITED STATES
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Total Companies Profiled: 48

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