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North America Organic Rankine Cycle (ORC) Market Share

Report ID: GMI6607
Published Date: Sep 2023
Report Format: PDF

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North America Organic Rankine Cycle (ORC) Market Share

Some of the major companies operating across the North America organic rankine cycle (ORC) market are

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

These companies focus on new product launch & commercialization and strategic partnerships for market expansion. Furthermore, these companies are increasingly investing in research & development activities, which enable them to introduce innovative products and garner maximum revenue in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for organic rankine cycle (ORC) in North America reached USD 3.8 billion in 2022 and is set to witness 14.8% CAGR from 2023 to 2032, due to the notable shift towards harnessing reliable medium and low-temperature heat sources for power generation.

North America > 1 - 5 MWe organic rankine cycle industry size exceeded USD 2 billion in 2022, owing to significant adoption in higher-capacity scenarios due to its superior energy efficiency when compared to alternative technologies.

The biomass application is poised to grow at 15.4% CAGR during 2023 to 2032, attributed to the increasing deployment of large-scale geothermal plants.

The U.S. recorded over 87.7% of the market share in 2022, owing to significant growth in renewable energy sources, including biomass, geothermal, and solar power.