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Geothermal ORC Market Share

Report ID: GMI7465
Published Date: Nov 2023
Report Format: PDF

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Geothermal ORC Market Share

General Electric holds a significant stake in the Geothermal organic rankine cycle (ORC) industry due to its expertise in engineering and manufacturing various waste heat recovery technologies, including SRC and ORC systems. The company's robust background in sustainable technologies has enabled it to provide ORC solutions across a wide range of geothermal applications.

Some of the key market players operating across the geothermal ORC industry are:

General Electric
Mitsubishi Heavy Industries, Ltd.
Exergy International Srl
Turboden S.p.A
Calnetix Technologies, LLC
Kaishan USA
ENOGIA
Triogen
ABB
Atlas Copco AB
INTEC GMK
ORCAN ENERGY AG
Elvosolar, a.s.
Enertime
Ormat Technologies
ALFA LAVAL

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market valuation of geothermal ORC was worth USD 6.4 billion in 2022 and is estimated to expand at 13.5% CAGR from 2023 to 2032, attributed to the continuing governmental efforts to cut CO2 emissions and the increased funding for implementing several technologies.

Geothermal ORC market from the > 10 MWe segment power output segment generated more than USD 85.2 million in 2022 and is projected to witness high demand through 2032, due to their efficiency and cost-effectiveness in converting thermal energy into mechanical or electrical power.

North America geothermal ORC industry accounted for more than over 30.6% of the revenue share in 2022 and is estimated to exhibit robust growth through 2032, driven by the rising interest in leveraging geothermal energy for power generation.

General Electric, Mitsubishi Heavy Industries, Ltd., Exergy International Srl, Turboden S.p.A, Calnetix Technologies, LLC, ENOGIA, Triogen, ABB, Atlas Copco AB, INTEC GMK, ORCAN ENERGY AG, and Ormat Technologies.