Global Organic Rankine Cycle Market Size & Outlook
Global organic rankine cycle market, 2018-2030 (US$M)
Related Markets
Global organic rankine cycle market highlights
- The global organic rankine cycle market generated a revenue of USD 819.9 million in 2023 and is expected to reach USD 1,084.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.1% by 2030.
- In terms of segment, geothermal accounted for a revenue of USD 493.7 million in 2023.
- Waste to Energy is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 819.9 million |
| Market revenue in 2030 | USD 1,084.2 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Geothermal |
| Fastest growing segment | Waste to Energy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Waste Heat Recovery, Biomass, Geothermal, Solar Thermal, Oil & Gas (Gas pipeline pressure stations), Waste to Energy |
Other key industry trends
- In terms of revenue, the North America accounted for 40.9% of the global organic rankine cycle market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 14.6 million by 2030.
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Organic Rankine Cycle Market Scope
Organic Rankine Cycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global organic rankine cycle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to organic rankine cycle market will help companies and investors design strategic landscapes.
Geothermal was the largest segment with a revenue share of 60.21% in 2023. Horizon Databook has segmented the Global organic rankine cycle market based on waste heat recovery, biomass, geothermal, solar thermal, oil & gas (gas pipeline pressure stations), waste to energy covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Organic Rankine Cycle Application Outlook (Revenue, USD Million, 2018-2030)
- 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
- Waste Heat Recovery
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Horizon Databook provides a detailed overview of global-level data and insights on the Global organic rankine cycle market , including forecasts for subscribers. This global databook contains high-level insights into Global organic rankine cycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global organic rankine cycle market size, by regions, 2018-2030 (US$M)
Top 10 countries: Organic rankine cycle market size, 2023 (US$M)
Global organic rankine cycle market share, by application, 2023 & 2030 (%, US$M)
Organic rankine cycle market: Opportunity assessment by country
Global organic rankine cycle market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 108.3 | 22.7 | 47.8 | 212.3 | 365.1 | 335.7 | 409.6 | 381.6 | 371.6 | 346.0 | 365.8 | 403.8 | 420.2 | 3.3% |
| Europe | 157.0 | 194.0 | 103.2 | 126.1 | 278.2 | 265.6 | 318.1 | 299.3 | 292.1 | 272.6 | 288.8 | 319.4 | 333.2 | 3.3% |
| Asia Pacific | 213.7 | 35.2 | 51.2 | 66.4 | 166.4 | 191.6 | 259.3 | 252.3 | 248.8 | 234.5 | 250.9 | 280.5 | 295.3 | 6.4% |
| Latin America | 1.9 | 0.0 | 7.6 | 5.6 | 10.8 | 9.7 | 11.9 | 10.7 | 10.6 | 10.0 | 10.6 | 12.1 | 12.7 | 3.9% |
| MEA | 17.4 | 0.0 | 3.3 | 8.3 | 18.2 | 17.3 | 20.9 | 19.1 | 18.9 | 17.9 | 19.2 | 21.6 | 22.8 | 4.0% |
| Overall | 498.3 | 251.9 | 213.1 | 418.7 | 838.7 | 819.9 | 1,019.8 | 963.0 | 942.0 | 881.0 | 935.3 | 1,037.4 | 1,084.2 | 4.1% |
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