Italy Organic Rankine Cycle Market Size & Outlook
Italy organic rankine cycle market, 2018-2030 (US$M)
Related Markets
Italy organic rankine cycle market highlights
- The Italy organic rankine cycle market generated a revenue of USD 38.2 million in 2023 and is expected to reach USD 40.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 0.8% from 2024 to 2030.
- In terms of segment, biomass was the largest revenue generating application in 2023.
- Geothermal is the most lucrative application segment registering the fastest growth during the forecast period.
Organic rankine cycle market data book summary
| Market revenue in 2023 | USD 38.2 million |
| Market revenue in 2030 | USD 40.5 million |
| Growth rate | 0.8% (CAGR from 2023 to 2030) |
| Largest segment | Biomass |
| Fastest growing segment | Geothermal |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Waste Heat Recovery, Biomass, Geothermal |
| 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, Italy accounted for 4.7% of the global organic rankine cycle market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Turkey organic rankine cycle market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Europe and is projected to reach USD 199.4 million by 2030.
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Organic Rankine Cycle Market Scope
Organic Rankine Cycle Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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.
Biomass was the largest segment with a revenue share of 50% in 2023. Horizon Databook has segmented the Italy organic rankine cycle market based on waste heat recovery, biomass, geothermal covering the revenue growth of each sub-segment from 2018 to 2030.
Italy emerged as one of the dominant countries in the European region in the ORC market. Growth in the ORC market in the country has been due to the presence of Italy-based companies, such as Turboden, Enel Spa, and Exergy that hold a considerable market share in the ORC market globally. It has led to the adoption of ORC technology in waste heat recovery, biomass, and solar thermal applications in Italy.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy organic rankine cycle market , including forecasts for subscribers. This country databook contains high-level insights into Italy organic rankine cycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy organic rankine cycle market size, by application, 2018-2030 (US$M)
Italy Organic Rankine Cycle Market Outlook Share, 2023 & 2030 (US$M)
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