Organic Rankine Cycle Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The Organic Rankine Cycle (ORC) is a thermal driven power cycle operated with an organic working fluid. It is especially suitable to exploit low to medium temperature heat sources at small to medium size capacity ranges. For these conditions, it outperforms the standard Clausius Rankine Cycles. Suitable heat sources can be either renewable in nature (i. e. biomass, solar, geothermal) or waste heat (i. e. mobile, stationary). The size of these power units ranges from very few kW to several dozen MW.
 

MARKET SCOPE

The "Global Organic rankine cycle Market Analysis to 2031" is a specialized and in-depth study of the organic rankine cycle market with a special focus on the global market trend analysis. The report aims to provide an overview of organic rankine cycle market with detailed market segmentation by type, application, and geography. The global organic rankine cycle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading organic rankine cycle market players and offers key trends and opportunities in the organic rankine cycle market. 

MARKET SEGMENTATION

• The global organic rankine cycle market is segmented on the basis of type, and application. 
• On the basis of type, the market is segmented as 500KW, 1MW, 5MW, 10MW, 15KW, 30KW, and others. 
• On the basis of application the market is segmented into waste heat recovery, biomass, geothermal, and solar thermal. 

MARKET DYNAMICS

Drivers 

• The rise in the adoption of renewable energy, the longer life cycle of ORC, and low O&M cost are some of the major factors boosting the growth of the organic rankine cycle (ORC) market globally. 

Restraints

• Available substitute technologies. 

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The organic rankine cycle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. 
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i. e. , drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the organic rankine cycle market in these regions. 

IMPACT OF COVID-19 ON ORGANIC RANKINE CYCLE MARKET 

COVID-19 has had an impact on a variety of industries owing to the shutdown of numerous industrial processes and the disruption of supply chains. Due to a lack of workers, most businesses have ceased operations. However, owing to the influence of COVID-19, the equipment section of the organic rankine cycle industry is gradually declining. During the worldwide lockout, the electric industry accounted for a large portion of consumption. Electricity usage has increased as a result of huge reductions in services and industry, which have only been partially offset by an increase in residential use, raising demand for organic rankine cycle. Due to COVID-19 difficulties, reactor building dates have also been disrupted. Some new reactor projects in China, which builds the majority of the world's new reactors, have been temporarily delayed. Nuclear reactor building in the United States, France, the United Arab Emirates, Bangladesh, and the United Kingdom has also been hampered. These delays are due to a decrease in building site workers as well as supply chain issues. Nuclear power generation in 2021 was severely impacted by a delay in reactor construction combined with a decline in electricity demand, although the degree of the damage is unknown. The COVID-19 epidemic has hampered economic growth in China, which has the world's greatest new reactor building programme (owing to advancements on both sides). 

MARKET PLAYERS

The report covers key developments in the organic rankine cycle market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from organic rankine cycle market market are anticipated to lucrative growth opportunities in the future with the rising demand for organic rankine cycle market in the global market. 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Organic rankine cycle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years. 

• Turboden S. p. A. 
• Exergy S. p. A. 
• Zhejiang Kaishan Compressor Co. , Ltd. 
• Ormat
• TAS
• Elvosolar, a. s. 
• General Electric
• INTEC GMK
• Enogia SAS. 
• ORCAN ENERGY AG

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.  

Organic Rankine Cycle Report Scope