U.S. Organic Rankine Cycle Market Size & Outlook
U.S. organic rankine cycle market, 2018-2030 (US$M)
Related Markets
U.S. organic rankine cycle market highlights
- The U.S. organic rankine cycle market generated a revenue of USD 288.7 million in 2023 and is expected to reach USD 357.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.1% 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.
Organic rankine cycle market data book summary
| Market revenue in 2023 | USD 288.7 million |
| Market revenue in 2030 | USD 357.8 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Geothermal |
| Fastest growing segment | Waste to Energy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| 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, U.S. accounted for 35.2% 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 North America, U.S. organic rankine cycle market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 62.2 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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U.S. 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 80.01% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. has been one of the leading countries in organic Rankine cycle market development and deployment on a global level. The presence of geothermal resources has driven the ORC market in the country, owing to which the geothermal segment dominated its position in the U.S. ORC market.
It provides organic Rankine cycle equipment and EPC services for developing geothermal ORC projects. Further, the company owns and manages approximately 622 MW of geothermal and recovered energy generation projects nationwide.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. organic rankine cycle market , including forecasts for subscribers. This country databook contains high-level insights into U.S. organic rankine cycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. organic rankine cycle market size, by application, 2018-2030 (US$M)
U.S. Organic Rankine Cycle Market Outlook Share, 2023 & 2030 (US$M)
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