유기 랭킨 사이클(ORC) 시장 : 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Organic Rankine Cycle Market, valued at USD 18.8 billion in 2024, is poised for remarkable growth with a projected CAGR of 15% through 2034. This rapid expansion is fueled by the rising adoption of eco-friendly energy solutions and increasing demand for waste heat recovery systems across various sectors. ORC technology has emerged as a transformative solution for optimizing energy usage while significantly reducing carbon emissions. Its versatility in geothermal power, biomass energy generation, solar thermal systems, and industrial applications makes it a cornerstone of the global renewable energy transition.

Market dynamics are further shaped by favorable government policies and incentives promoting sustainable energy adoption. Tax credits, grants, and subsidies have incentivized investments in ORC systems, making them more accessible and appealing to industries worldwide. This growth is also driven by industries' rising focus on achieving energy efficiency and aligning with international climate change goals. With its ability to convert low-temperature heat sources into usable electricity, ORC technology plays a pivotal role in sustainable power generation and waste heat management. As global industries increasingly prioritize carbon neutrality, the ORC market is positioned as an integral enabler of green energy transformation.

The ORC market is segmented by application across diverse industries, including waste heat recovery, biomass, solar thermal, waste-to-energy, oil and gas, and geothermal energy. The geothermal segment, in particular, is projected to generate USD 40.7 billion by 2034. The growing emphasis on renewable energy sources and sustainable power solutions has elevated geothermal energy's role in ORC applications. Geothermal energy, known for its carbon-neutral characteristics, aligns seamlessly with global climate initiatives, making it a priority for governments and private investors alike. Robust support through government incentives, tax benefits, and policy frameworks has further accelerated investments in geothermal energy projects, bolstering the ORC market growth trajectory.

Power output segmentation within the ORC market reveals strong potential in the > 1 - 5 MWe category, which is anticipated to grow at a CAGR of 13.9% through 2034. This growth stems from the increasing deployment of medium-scale ORC projects, particularly in small-scale geothermal initiatives, industrial waste heat recovery, and biomass power plants. The > 1 - 5 MWe segment offers a cost-efficient and sustainable energy solution that resonates with industries seeking to enhance energy efficiency while reducing operational costs and carbon footprints.

In the United States, the ORC market is expected to generate USD 17.1 billion by 2034, driven by increased investments in renewable energy projects and enhanced energy efficiency measures. The integration of ORC systems for waste heat recovery and emissions reduction aligns with federal and state sustainability initiatives, ensuring widespread adoption across industries. Geothermal power remains a key contributor to the U.S. ORC market, supported by abundant resources and government-backed programs.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market definitions
• 1.2 Base estimates & calculations
• 1.3 Forecast calculation
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid
    • 1.4.2.2 Public

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021 – 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Regulatory landscape
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
  • 3.3.2 Industry pitfalls & challenges
• 3.4 Growth potential analysis
• 3.5 Porter's Analysis
  • 3.5.1 Bargaining power of suppliers
  • 3.5.2 Bargaining power of buyers
  • 3.5.3 Threat of new entrants
  • 3.5.4 Threat of substitutes
• 3.6 PESTEL Analysis

Chapter 4 Competitive landscape, 2024

• 4.1 Strategic dashboard
• 4.2 Innovation & sustainability landscape

Chapter 5 Market Size and Forecast, By Power Output, 2021 – 2034 (USD Million & MW)

• 5.1 Key trends
• 5.2 ≤ 1 MWe
• 5.3 > 1 - 5 MWe
• 5.4 > 5 - 10 MWe
• 5.5 > 10 MWe

Chapter 6 Market Size and Forecast, By Application, 2021 – 2034 (USD Million & MW)

• 6.1 Key trends
• 6.2 Waste heat recovery
• 6.3 Biomass
• 6.4 Geothermal
• 6.5 Solar thermal
• 6.6 Oil & gas
• 6.7 Waste to energy

Chapter 7 Market Size and Forecast, By Region, 2021 – 2034 (USD Million & MW)

• 7.1 Key trends
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 UK
  • 7.3.2 France
  • 7.3.3 Germany
  • 7.3.4 Italy
  • 7.3.5 Russia
  • 7.3.6 Spain
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 Australia
  • 7.4.3 India
  • 7.4.4 Japan
  • 7.4.5 South Korea
• 7.5 Middle East & Africa
  • 7.5.1 Saudi Arabia
  • 7.5.2 UAE
  • 7.5.3 Turkey
  • 7.5.4 South Africa
  • 7.5.5 Egypt
• 7.6 Latin America
  • 7.6.1 Brazil
  • 7.6.2 Argentina

Chapter 8 Company Profiles

• 8.1 ABB
• 8.2 Alfa Laval
• 8.3 Atlas Copco
• 8.4 Calnetix Technologies
• 8.5 Elvosolar
• 8.6 Enertime
• 8.7 Energia
• 8.8 Exergy International
• 8.9 General Electric
• 8.10 Intec GMK
• 8.11 Kaishan USA
• 8.12 Mitsubishi Heavy Industries
• 8.13 Orchan Energy
• 8.14 Ormat Technologies
• 8.15 Triogen
• 8.16 Turboden