The Organic Rankine Cycle Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Organic Rankine Cycle Market?
The size of the organic rankine cycle market has notably expanded in the past few years. The market size expanded from $0.7 billion in 2024 to $0.75 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Organic Rankine Cycle Industry?
The Organic Rankine Cycle Global Market is anticipated to rise to a value of $0.98 billion in 2029, at a Compound Annual Growth Rate (CAGR) of 6.9%.
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What are the Key Growth Drivers Fueling the Organic Rankine Cycle Market?
The key drivers in the organic rankine cycle market are:
•Increasing cross-sector collaborations
•Enhanced focus on energy efficiency improvements
•Expansion of electric vehicle applications
•Growing emphasis on greenhouse gas emission reduction and environmental consciousness.
Global Market Segmentation: Identifying Major Organic Rankine Cycle Industry Segments
The organic rankine cycle market covered in this report is segmented –
1) By Model: Dynamic, Steady-State
2) By Fluid Type: Hydrocarbon-Based ORC Systems, Siloxane-Based ORC Systems, Other Fluid Types
3) By Power Output: = 1 MWe, > 1 - 5 MWe, > 5 - 10 MWe, > 10 MWe
4) By Capacity: Small-Scale ORC Systems, Medium-Scale ORC Systems, Large-Scale ORC Systems
5) By Application: Waste Heat Recovery, Geothermal, Biomass, Oil And Gas, Waste To Energy, Solar Thermal
Subsegments:
1) By Dynamic Model: Real-Time Performance Simulation, Transient State Analysis, Dynamic Load Tracking Systems, Control System Modeling, Start-Up And Shut-Down Dynamics, Adaptive Control Systems
2) By Steady-State Model: Thermodynamic Cycle Modeling, Energy Efficiency Analysis, Constant Load Operation Systems, Heat Exchanger Design And Optimization, Performance Optimization At Fixed Operating Conditions, System Stability And Thermal Balance Analysis
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What are the emerging Trends Shaping the Future of the Organic Rankine Cycle Market?
The key trends in the organic rankine cycle market are:
•The trend of inter-sector collaboration is emerging prominently.
•There is an increased focus on improving energy efficiency in the market.
•The use of ORC technology in electric vehicles is a rising trend.
•Low-temperature source utilization is a new trend shaping the market.
Who Are the Top Competitors & Leading Players in the Organic Rankine Cycle Market?
Major players in the organic rankine cycle market are:
• General Electric Company
• Siemens Energy AG
• Mitsubishi Heavy Industries Ltd.
• Asea Brown Boveri Ltd.
• Baker Hughes Company
• Atlas Copco AB
• Kawasaki Heavy Industries Ltd.
• IHI Corporation
• Alfa Laval AB
• Dürr AG
• Ormat Technologies Inc.
• Exergy International Srl
• Turboden S.p.A.
• Calnetix Technologies LLC
• TAS Energy Inc.
• ORCAN ENERGY AG
• Kaishan USA
• Triogen Limited
• Elvosolar a.s.
• Enertime S.A.
• INTEC GMK GmbH
• Climeon AB
• Enogia S.A.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the organic rankine cycle market in 2024
