ORC Waste Heat Recovery Segment Gains Momentum with 18% CAGR, As Global Energy Demand Rises Post-COVID-19

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Oct 11, 2023, 17:30 ET

DUBLIN, Oct. 11, 2023 /PRNewswire/ -- The "Organic Rankine Cycle - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Organic Rankine Cycle (ORC) technology is on a robust growth trajectory, with the market estimated at $298.8 million in 2022 and projected to reach $1.3 billion by 2030. This growth is driven by a remarkable Compound Annual Growth Rate (CAGR) of 20% during the analysis period from 2022 to 2030.

Key Segment Insights

Geothermal: The geothermal segment is anticipated to lead the growth with a CAGR of 20.4%. It is poised to reach $1.1 billion by the end of the analysis period.
Waste Heat Recovery: The waste heat recovery segment is estimated to grow at an 18% CAGR for the next 8 years.

Select Key Competitors

Toshiba Corporation
General Electric Company
Siemens Energy AG
Toshiba Mitsubishi Electric Industrial Systems Co., Ltd.
Barber-Nichols, Inc.
Enogia, Sas
R&D Dynamics Corporation
Air Squared, Inc.
Sigma Thermal
ElectraTherm, Inc.
Entropea Labs Limited
Opel Energy Systems Private Limited
TransPacific Energy, Inc.
Turboden SPA
Boustead International Heaters Limited

Economic Outlook

The global economic outlook is showing signs of improvement, with several countries witnessing growth recovery, albeit at varying rates. The United States, in particular, has overcome the threat of recession despite experiencing slower GDP growth due to tight monetary and financial conditions.

The Euro area is benefiting from easing headline inflation, which is contributing to increased real incomes and economic activity. China is expected to experience substantial GDP growth as the pandemic threat recedes and the government adjusts its policies. India is also on a path to becoming a trillion-dollar economy by 2030.

Challenges persist, including geopolitical uncertainties such as the war in Ukraine, slower-than-expected decline in global headline inflation, ongoing food and fuel inflation issues in many developing countries, and elevated retail inflation affecting consumer confidence and spending.

Governments are addressing these challenges while also focusing on integrating climate change considerations into economic decisions. As governments work to combat inflation by raising interest rates, job creation may slow down, impacting economic activity.

Despite potential challenges, new technologies are expected to reverse prevailing investment sentiment. Technologies such as generative AI, applied AI, machine learning, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies are poised to drive incremental growth and value to the global GDP in the coming years.

In the short term, both consumers and investors are likely to encounter a mix of challenges and opportunities. Businesses and leaders who can navigate these complexities with resilience and adaptability are well-positioned for success.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
COVID-19 Crisis Underlines the Need for Sustainable Development
Investment Scenario on Renewable Energy Remains Impacted
Global Investments in Clean Energy & Efficiency Technologies (In US$ Billion) for the Years 2018, 2019 & 2020
Inevitable Rise in Energy Demand Post COVID-19 to Throw Spotlight on Renewable Energy Driving the Organic Rankine Cycle Market
COVID-19 Brings Serious Challenges for Biomass Power Industry
COVID-19 Brings Geothermal Projects to a Standstill in Turkey
Organic Rankine Cycle - Global Key Competitors Percentage Market Share in 2023 (E)
An Introduction to Organic Rankine Cycle (ORC)
ORC Technology: Primary Applications
Global Energy Mix: 1990 Vs 2020 Vs 2030
Global Renewable Energy Breakdown by Type: 2010 Vs 2030
Global Market Prospects & Outlook
Clean Energy Generation Bonanza Portends Radical Gains for Global ORC Market
ORC Waste Heat to Power Market Enjoys Real Moment with Adoption of Clean Energy Generation Technologies
Researchers Bet on Innovative ORC Technology to Exploit Industrial Waste Heat
Analysis by Application
World Organic Rankine Cycle Market by Application (2021 & 2027): Percentage Breakdown of Revenues for Geothermal, Waste Heat Recovery, and Other Applications
Regional Analysis
World Organic Rankine Cycle Market (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
World Organic Rankine Cycle Market - Geographic Regions Ranked by Value CAGR for 2020-2027: USA, Asia-Pacific, Rest of World, Europe, and Canada
Competitive Scenario
Recent Market Activity
Select Global Brands
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Industrial Applications of ORC
Rising Demand for Single-Stage and Cascaded ORC Systems
Commercial Use of Organic ORC Systems for Small and Large Scale Thermal Conversion
Steam Rankine Cycle Systems for Nuclear Plants and Coal-fired Power Plants
Recycling Waste Heat with ORC for Self-consumption of Plant
Novel ORC Couples Subcritical and Supercritical Heat Absorption Procedures
Optimized Regenerative ORC Enhance Performance of Internal Combustion Engines
ORC Technology Helps Recover Potentially Huge Amount of Waste Heat
The Role of ORC in Decarbonization Goals
Domestic GHG Emission Reduction Targets of Select Regions/Countries
World Carbon Footprint Management Market by Vertical (2020 & 2027): Percentage Breakdown of Revenues for Energy & Utilities, Manufacturing, Transportation & Logistics, Residential & Commercial Buildings, and IT & Telecom
ORC System Seeks Role in Waste Heat Recovery Technologies
Global Waste Generation, by Region (in millions of tonnes/year): 2016, 2030, 2050
Percentage of Municipal Solid Waste Burned with Energy Recovery in Select Countries
Novel Opportunities in Waste to Energy Sector
Uptrend in Geothermal Power Sector Augurs Well
Global Geothermal Energy Installed Capacity (GW) for the Years 2010-2019
Geothermal Power Installed Capacity (in MW) by Country for 2020
Geothermal Capacity Additions (in GW) by Region/Country for 2019, 2020 & 2021
Impact of Geothermal Stations on the Environment
Patent Activity in Geothermal Energy Sector
# of Patent Applications in Advanced Geothermal Market for 2000-2019
Expanding Biomass Sector Offers Opportunities
Biomass CHP as a Percentage of Total CHP Generation in Select Countries
Issues Linked to ORC and Possible Solutions

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/3rm62m

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