The global organic rankine cycle (ORC) market size is anticipated to value USD 954.1 million until 2025. It is also expected to register a CAGR of 9.71% over the forecasted years, 2019 to 2025. The need for green technologies that can reduce the global pollution level is projected to drive the market growth for ORCs.
The geothermal application segment accounted for the largest share across the global market in 2018 due to the rising number of geothermal power plants being developed by many governing bodies. On the other hand, the application segment of biomass is expected to witness the highest CAGR of 27.9% over the forecasted years, 2019 to 2025 on account of the enhanced potential of biomass projects, low operational costs and increased demand of ORC based biomass projects across the globe.
To download the sample PDF of “Organic Rankine Cycle (ORC) Market” Report please click here: https://www.millioninsights.com/industry-reports/global-organic-rankine-cycle-orc-market/request-sample
In 2018, Asia Pacific held the largest share across the global market owing to increasing installations across many geothermal projects across this region. North America is projected to account for the fastest growth with 15.5% CAGR on account of the rising number of geothermal projects under pipeline across countries like the U.S. and Canada.
The organic rankine cycle market includes key players such as TAS, Ormat, Turboden, Triogen, Enogia SAS, Exergy, and Zhejiang Kaishan Compressor Co., Ltd. These companies are carrying out R&D activities for the development of hybrid products that can enhance the operational performance of geothermal power plants.
To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-organic-rankine-cycle-orc-market
Further key findings from the report suggest:
• The waste heat recovery segment accounted for second-largest share across the global market in 2018.
• The application segment of biomass is expected to witness substantial growth in the upcoming years.
• In 2018, Asia Pacific held the largest share across the global market.
• The key players in this market are TAS, Ormat, Turboden, Triogen, Enogia SAS, Exergy, and Zhejiang Kaishan Compressor Co., Ltd.
Million Insights has segmented the global organic rankine cycle market on the basis of application and region:
ORC Application Outlook (Revenue, USD Million, 2014 – 2025)
• Geothermal
• Waste Heat Recovery
• Biomass
ORC Regional Outlook (Revenue, USD Million, 2014 – 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• Turkey
• Italy
• Asia Pacific
• China
• Japan
• Thailand
• Central & South America
• Middle East and Africa
Browse latest market research reports available with Million Insights:
• Sorbitol Market: With reference to the report published, the global sorbitol market was prized by USD 1.47 billion in 2020. It is estimated to witness 6.5% CAGR from 2021 to 2028.
• Biosensors Market: With reference to the report published, the global biosensors market was prized by USD 22.4 billion in 2020. It is estimated to witness 7.9% CAGR from 2021 to 2028.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-organic-rankine-cycle-orc-market