Organic Rankine Cycle Market Size, Share & Trends Analysis Report By Application (Geothermal, Biomass, Waste Heat Recovery), By Region, And Segment Forecasts, 2019 - 2025

Published: Dec, 2019 | Pages: 75 | Publisher: Grand View Research
Industry: Power | Report Format: Electronic (PDF)

The global organic rankine cycle market size is expected to reach USD 954.1 million by 2025, expanding at a CAGR of 9.71% over the forecast period, according to a new report by Grand View Research, Inc. Rise in climate change issues have resulted government to switch to greener and cleaner technologies for power generation. Further, increase in awareness on energy efficiency in industrial sector is expected to drive the organic rankine cycle (ORC) further.

Supporting policies and financial measures are being implemented around the world which has resulted to enhance the pace of deployment of renewable energy in the past decade. This factor is driving the ORC market as it is being utilized for applications for renewable power generation technologies such as geothermal, biomass, and concentrated solar power.

Organic rankine cycle technology utilizes organic fluid as a heat transfer medium which has a lower boiling point and it also provides more vapor pressure in comparison to water. Due to which organic rankine cycle technology can generate a similar amount of power from the heat source at comparatively less temperature as compared to water. Moreover, operation at lower temperatures further aids to enhance the lifetime of equipment used in ORC technology.

Major governments are running awareness and support programs in the form of financial incentives to boost the adoption of energy efficient practices. This has resulted industrial sector to identify potential ways to enhance energy efficiency in the existing and future scenario. Thus, industrial sector has started to re-utilize waste heat to enhance energy efficiency which has aided to boost the utilization of ORC technology.

However, ORC technology faces stiff competition from available substitute technology such as steam rankine cycle which can be applicable for wider range of temperatures. Further capital cost for implementation of ORC technology is higher as it requires additional equipment and auxiliary power is required for its operation. These factors are expected to hinder the growth of ORC technology in the forecast period.

Further key findings from the report suggest:

• Asia Pacific held the largest share in 2018 owing to installation of large scale ORC based geothermal project in Asia Pacific countries including Indonesia and New Zealand

• Geothermal application segment in ORC market emerged to be the largest segment in 2018 owing to large megawatt capacity geothermal projects as compared to application in other segments such as biomass and waste heat recovery

• North America is expected to witness highest growth rate of 15.5% in the forecast period owing to presence of large-scale geothermal power projects under pipeline in the U.S.

• Biomass application segment is expected to witness the fastest growth rate of 27.9% owing to presence of large potential for biomass projects globally coupled with rise in adoption of organic rankine cycle based biomass projects in the forecast period

• Waste heat recovery application segment in ORC market accounted for the second largest segment in 2018 owing to rise in focus of energy efficiency around the world which has resulted the industrial sector to identify suitable and potential ways to utilize available energy more efficiently

• Some of the significant industry participants include Ormat, Turboden S.p.A., ExergyS.p.A., TAS, General Electric, Zhejiang Kaishan Compressor Co., Ltd., Atlas Copco and others

 Table of Contents

Chapter 1 Methodology & Scope
                   1.1 Organic Rankine Cycle Market Segmentation
                   1.2 Organic Rankine Cycle Market Definitions
                   1.3 Assumptions
                   1.4 Information Procurement
                       1.4.1 Purchased Database
                       1.4.2 GVR's Internal Database
                       1.4.3 Secondary Sources
                       1.4.4 Third Party Perspective
                       1.4.5 Primary Research
                   1.5 Information Analysis
                       1.5.1 Data Analysis Models
                   1.6 Market Formulation and Data Visualization
                   1.7 Data Validation and Publishing
Chapter 2 Executive Summary
                   2.1 Market Outlook
                   2.2 Segmental Outlook
                   2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
                   3.1 Penetration & Growth Prospect Mapping
                   3.2 Industry Value Chain Analysis
                       3.2.1 Raw material trends
                       3.2.2 Major Raw material Analysis
                       3.2.3 Manufacturing Trends
                       3.2.4 Sales Channel Analysis
                   3.3 Technology Overview
                   3.4 Regulatory Framework
                       3.4.1 Policies and Regulations by Countries
                       3.4.2 Standard & Compliances
                       3.4.3 Safety
                   3.5 Market Dynamics
                       3.5.1 Market Driver Analysis
                       3.5.2 Market Restraint Analysis
                       3.5.3 Opportunity Assessment
                   3.6 Business Environment Analysis: ORC Market
                       3.6.1 Industry Analysis - Porter's
                       3.6.2 PESTEL analysis
Chapter 4 Global Organic Rankine Cycle Market: Application Estimates & Trend Analysis
                   4.1 Global Organic Rankine Cycle Market: Application Movement Analysis, 2018 & 2025
                   4.2 Waste Heat Recovery
                       4.2.1 Global orc market estimates and forecasts in waste heat recovery, 2014 - 2025 (USD Million)
                   4.3 Biomass
                       4.3.1 Global Orc market estimates and forecasts in biomass, 2014 - 2025 (USD Million)
                   4.4 Geothermal
                       4.4.1 Global orc market estimates and forecasts in geothermal applications, 2014 - 2025 (USD Million)
                   4.5 Solar Thermal
Chapter 5 Global Organic Rankine Cycle Market: Regional Estimates & Trend Analysis
                   5.1 Global Organic Rankine Cycle Market: Regional Movement Analysis, 2018 & 2025
                   5.2 North America
                       5.2.1 North America orc market estimates and forecasts, by application 2014 - 2025 (USD Million)
                       5.2.2 U.S.
                       5.2.3 Canada
                   5.3 Europe
                       5.3.1 Europe orc market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                       5.3.2 Germany
                       5.3.3 Turkey
                       5.3.4 Italy
                   5.4 Asia Pacific
                       5.4.1 Asia Pacific orc market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                       5.4.2 China
                       5.4.3 Japan
                       5.4.4 Thailand
                   5.5 Central & South America
                       5.5.1 Central & South America orc market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                   5.6 Middle East & Africa
                       5.6.1 Middle East & Africa orc market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Chapter 6 Competitive Landscape
                   6.1 Key Global Players, Recent Market Developments & Their Impact on the Industry
                       6.1.1 Turboden S.p.A.
                       6.1.2 Ormat
                       6.1.3 Exergy S.p.A.
                   6.2 Vendor Landscape
                       6.2.1 List of Key Distributors and Channel Partners
                       6.2.2 Key Company Market Ranking Analysis, 2018
                       6.2.3 Company Market Position Analysis
                   6.3 Competitive Landscape
                       6.3.1 Competitive Environment
                   6.4 Strategic Framework
Chapter 7 Company Profiles
                   7.1 Turboden S.p.A
                       7.1.1 Company Overview
                       7.1.2 Product Benchmarking
                       7.1.3 Strategic Initiatives
                   7.2 Exergy S.p.A.
                       7.2.1 Company Overview
                       7.2.2 Product Benchmarking
                       7.2.3 Strategic Initiatives
                   7.3 Zhejiang Kaishan Compressor Co., Ltd.
                       7.3.1 Company Overview
                       7.3.2 Product Benchmarking
                       7.3.3 Strategic Initiatives
                   7.4 Ormat
                       7.4.1 Company Overview
                       7.4.2 Product Benchmarking
                       7.4.3 Financial Performance
                       7.4.4 Strategic Initiatives
                   7.5 TAS
                       7.5.1 Company Overview
                       7.5.2 Product Benchmarking
                   7.6 Elvosolar, a.s.
                       7.6.1 Company Overview
                       7.6.2 Product Benchmarking
                   7.7 General Electric
                       7.7.1 Company Overview
                       7.7.2 Product Benchmarking
                       7.7.3 Financial Performance
                       7.7.4 Strategic Initiatives
                   7.8 INTEC GMK
                       7.8.1 Company Overview
                       7.8.2 Product Benchmarking
                   7.9 Enogia SAS
                       7.9.1 Company Overview
                       7.9.2 Product Benchmarking
                       7.9.3 Strategic Initiatives
                   7.10 Triogen
                       7.10.1 Company Overview
                       7.10.2 Product Benchmarking
                       7.10.3 Strategic Initiatives
                   7.11 Calnetix Technologies, LLC
                       7.11.1 Company Overview
                       7.11.2 Product Benchmarking
                       7.11.3 Strategic Initiatives
                   7.12 ABB
                       7.12.1 Company Overview
                       7.12.2 Product Benchmarking
                       7.12.3 Financial Performance
                       7.12.4 Strategic Initiatives
                   7.13 SUMEC GEOPOWER AG
                       7.13.1 Company Overview
                       7.13.2 Service Benchmarking
                       7.13.3 Strategic Initiatives
                   7.14 Atlas Copco
                       7.14.1 Company Overview
                       7.14.2 Product Benchmarking
                       7.14.3 Financial Performance
                       7.14.4 Strategic Initiatives
                   7.15 ORCAN ENERGY AG
                       7.15.1 Company Overview
                       7.15.2 Product Benchmarking
                       7.15.3 Strategic Initiatives

List of Tables

Table 1 List of major exporting countries for various steel products, 2017 (MT)
Table 2 List of major importing countries for various steel products, 2017 (MT)
Table 3 Net exports (exports - imports) for steel products for major countries, 2017 (MT)
Table 4 Net imports (imports - exports) for steel products for major countries, 2017 (MT)
Table 5 Basic properties of organic (working) fluids
Table 6 List of Simulating Tools
Table 7 Key Policies and Regulations by Countries
Table 8 Standards and compliances for ORC
Table 9 India 175 GW Mission, Capacity Breakup
Table 10 Global ORC market estimates and forecasts in waste heat recovery, 2014 - 2025 (USD Million)
Table 11 Global ORC market estimates and forecasts in biomass, 2014 - 2025 (USD Million)
Table 12 Global ORC market estimates and forecasts in geothermal applications, 2014 - 2025 (USD Million)
Table 13 North America ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 14 U.S. ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 15 Canada ORC market volume, revenue, by application, 2014 - 2025 (USD Million)
Table 16 Europe ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 17 Germany ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 18 Turkey ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 19 Italy ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 20 Asia Pacific ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 21 China ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 22 Japan ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 23 Thailand ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 24 Central & South America ORC market revenue, by application, 2014 - 2025 (USD Million)
Table 25 Key Policies and Regulations by Countries
Table 26 Middle East & Africa ORC market revenue, by application, 2014 - 2025 (USD Million)

List of Figures

Fig. 1 ORC market segmentation
Fig. 2 Information Procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 ORC market - Penetration & growth prospect mapping
Fig. 7 ORC market - Industry value chain analysis
Fig. 8 Market driver impact analysis
Fig. 9 Renewable Energy Installed Capacity (GW)
Fig. 10 Market restraint impact analysis
Fig. 11 ORC market analysis - Porter's
Fig. 12 ORC market analysis - PESTEL analysis
Fig. 13 Global Organic Rankine Cycle Market: Application Movement Analysis, 2018 & 2025
Fig. 14 Global Organic Rankine Cycle Market: Regional Movement Analysis, 2018 & 2025
Fig. 15 Four quadrant positioning of vendors