Asia Pacific Organic Rankine Cycle Market Size & Outlook
Asia Pacific organic rankine cycle market, 2018-2030 (US$M)
Related Markets
Asia Pacific organic rankine cycle market highlights
- The Asia Pacific organic rankine cycle market generated a revenue of USD 191.6 million in 2023.
- The market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, geothermal was the largest revenue generating application in 2023.
- Waste to Energy is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 191.6 million |
| Market revenue in 2030 | USD 295.3 million |
| Growth rate | 6.4% (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, Waste to Energy |
| Key market players worldwide | Mitsubishi Heavy Industries Ltd, Energous Corp, Trigano SA, ABB Ltd, Atlas Copco AB ADR, Tasman Resources Ltd, Thor Industries Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.4% of the global organic rankine cycle market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 295.3 million by 2030.
Key Regions: Japan , U.S. , China , Thailand , Canada
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Organic Rankine Cycle Market Scope
Organic Rankine Cycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 61.85% in 2023. Horizon Databook has segmented the Asia Pacific organic rankine cycle market based on waste heat recovery, biomass, geothermal, solar thermal, waste to energy covering the revenue growth of each sub-segment from 2018 to 2030.
The geothermal application segment dominated the ORC market in the Asia Pacific region due to the installation of large-scale ORC-based geothermal projects. For instance, in April 2022, Energy Development Corp., a subsidiary of FIRST GEN Corp., started the construction of a 3.6 MW Mindanao 3 binary plant in the Philippines. The company finalized the project by the first half of the year 2022.
The projects are as follows: Daklan Geothermal Project with – a potential capacity of 27 MW, Puting Lupa Geothermal Project with –a potential capacity of 17 MW, Itogon with– a potential capacity of 9 MW, Maricaban Island Geothermal Project with– a potential capacity of 4 MW, Mt. Labo Geothermal Project– potential capacity of 30 MW.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific organic rankine cycle market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific organic rankine cycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific organic rankine cycle market size, by country, 2018-2030 (US$M)
Asia Pacific Organic Rankine Cycle Market Outlook Share, 2023 & 2030 (US$M)
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