Dublin, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The "Organic Rankine Cycle - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Organic Rankine Cycle (ORC) technology is on a robust growth trajectory, with the market estimated at $298.8 million in 2022 and projected to reach $1.3 billion by 2030. This growth is driven by a remarkable Compound Annual Growth Rate (CAGR) of 20% during the analysis period from 2022 to 2030.
Key Segment Insights
- Geothermal: The geothermal segment is anticipated to lead the growth with a CAGR of 20.4%. It is poised to reach $1.1 billion by the end of the analysis period.
- Waste Heat Recovery: The waste heat recovery segment is estimated to grow at an 18% CAGR for the next 8 years.
Select Key Competitors
- Toshiba Corporation
- General Electric Company
- Siemens Energy AG
- Toshiba Mitsubishi Electric Industrial Systems Co., Ltd.
- Barber-Nichols, Inc.
- Enogia, Sas
- R&D Dynamics Corporation
- Air Squared, Inc.
- Sigma Thermal
- ElectraTherm, Inc.
- Entropea Labs Limited
- Opel Energy Systems Private Limited
- TransPacific Energy, Inc.
- Turboden SPA
- Boustead International Heaters Limited
Economic Outlook
The global economic outlook is showing signs of improvement, with several countries witnessing growth recovery, albeit at varying rates. The United States, in particular, has overcome the threat of recession despite experiencing slower GDP growth due to tight monetary and financial conditions.
The Euro area is benefiting from easing headline inflation, which is contributing to increased real incomes and economic activity. China is expected to experience substantial GDP growth as the pandemic threat recedes and the government adjusts its policies. India is also on a path to becoming a trillion-dollar economy by 2030.
Challenges persist, including geopolitical uncertainties such as the war in Ukraine, slower-than-expected decline in global headline inflation, ongoing food and fuel inflation issues in many developing countries, and elevated retail inflation affecting consumer confidence and spending.
Governments are addressing these challenges while also focusing on integrating climate change considerations into economic decisions. As governments work to combat inflation by raising interest rates, job creation may slow down, impacting economic activity.
Despite potential challenges, new technologies are expected to reverse prevailing investment sentiment. Technologies such as generative AI, applied AI, machine learning, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies are poised to drive incremental growth and value to the global GDP in the coming years.
In the short term, both consumers and investors are likely to encounter a mix of challenges and opportunities. Businesses and leaders who can navigate these complexities with resilience and adaptability are well-positioned for success.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
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?
- 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
- 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
- Organic Rankine Cycle - Global Key Competitors Percentage Market Share in 2023 (E)
- An Introduction to Organic Rankine Cycle (ORC)
- ORC Technology: Primary Applications
- Global Energy Mix: 1990 Vs 2020 Vs 2030
- 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
- World Organic Rankine Cycle Market by Application (2021 & 2027): Percentage Breakdown of Revenues for Geothermal, Waste Heat Recovery, and Other Applications
- Regional Analysis
- World Organic Rankine Cycle Market (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
- 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
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
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
- Domestic GHG Emission Reduction Targets of Select Regions/Countries
- 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
- Global Waste Generation, by Region (in millions of tonnes/year): 2016, 2030, 2050
- 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
- Global Geothermal Energy Installed Capacity (GW) for the Years 2010-2019
- Geothermal Power Installed Capacity (in MW) by Country for 2020
- 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
- # of Patent Applications in Advanced Geothermal Market for 2000-2019
- Expanding Biomass Sector Offers Opportunities
- Biomass CHP as a Percentage of Total CHP Generation in Select Countries
- Issues Linked to ORC and Possible Solutions
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/mbkdih
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