Japan Organic Rankine Cycle Market Size & Outlook
Japan organic rankine cycle market, 2018-2030 (US$M)
Related Markets
Japan organic rankine cycle market highlights
- The Japan organic rankine cycle market generated a revenue of USD 4.7 million in 2023 and is expected to reach USD 9.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, waste heat recovery was the largest revenue generating application in 2023.
- Biomass 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 4.7 million |
| Market revenue in 2030 | USD 9.5 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Waste heat recovery |
| Fastest growing segment | Biomass |
| 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, Japan accounted for 0.6% 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 Asia Pacific, China organic rankine cycle market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 23.3 million by 2030.
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Organic Rankine Cycle Market Scope
Organic Rankine Cycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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.
Waste heat recovery was the largest segment with a revenue share of 72.34% in 2023. Horizon Databook has segmented the Japan organic rankine cycle market based on waste heat recovery, biomass, geothermal covering the revenue growth of each sub-segment from 2018 to 2030.
The geothermal application segment dominated the ORC market in Japan due to the installation of projects by Turboden and ElectraTherm in the country. For instance, in June 2022, Exergy International Srl and Geothermal Development & Investment Inc. (GDI) entered into a partnership to distribute and establish geothermal power plants in Japan that use advanced highly efficient Organic Rankine Cycle (ORC) technology.
Exergy International Srl and Geothermal Development & Investment Inc. offer comprehensive solutions from development to completion of ORC power plants, like designing and engineering the system from manufacturing to startup, followed by after-sales services.
In February 2022, Mitsubishi Heavy Industries Marine Machinery and Equipment Co., Ltd and Mitsubishi Heavy Industries, Ltd. successfully tested 100kW class cryogenic organic Rankine cycle energy generation using the world’s first next-gen oilless cryogenic turbine generator.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan organic rankine cycle market , including forecasts for subscribers. This country databook contains high-level insights into Japan organic rankine cycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan organic rankine cycle market size, by application, 2018-2030 (US$M)
Japan Organic Rankine Cycle Market Outlook Share, 2023 & 2030 (US$M)
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