Asia Pacific Organic Rankine Cycle (ORC) Market Trends

Asia Pacific Organic Rankine Cycle Market Trends

In recent years, there has been a notable shift within the industry towards harnessing reliable medium and low-temperature heat sources for power generation, which includes biomass, geothermal energy, and solar power. Organic Rankine Cycle (ORC) systems are extensively employed in generating electricity by capturing heat from biomass combustion and geothermal energy sources. This growing adoption of renewable energy sources, coupled with a supportive legislative environment, is expected to promote the wider implementation of ORC systems.
 

Continued economic expansion and the rapid industrialization observed in pivotal nations are set to be significant drivers for the ORC market. The implementation of more stringent emission regulations aimed at reducing CO2 emissions, combined with the increasing deployment of biomass and geothermal power units, will further enhance the industry's potential in the foreseeable future. Moreover, the ORC technology is gaining momentum across various applications, including biomass, waste-to-heat, geothermal, and oil & gas, thanks to its advantages of long operational life. Several key factors that are positively influencing market growth include reduced mechanical stress, a lower number of operational stages, enhanced flexibility, and increased turbine efficiency.