Press release
Organic Rankine Cycle Market Size, Demand, Growth Drivers and Forecast 2023-2028
Organic Rankine Cycle Market Size, Demand, Growth Drivers and Forecast 2023-2028
How big is the organic rankine cycle market?
The global organic rankine cycle (ORC) market size reached US$ 455.33 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 562.58 Million by 2028, exhibiting a growth rate (CAGR) of 3.50% during 2023-2028.
The organic rankine cycle (ORC) is an advanced thermodynamic process designed for converting low-grade heat into usable mechanical or electrical energy. This innovative approach offers the advantage of efficient energy conversion, even when using heat sources with relatively low temperatures, making it a staple in renewable energy systems, waste heat recovery, and various industrial applications.
Characteristically, the Organic Rankine Cycle employs a range of organic fluids with low boiling points to match different heat source profiles. From hydrocarbons and refrigerants to natural substances like ammonia, the options are diverse. Some ORC systems also feature enhancements like dual-pressure cycles or supercritical parameters for optimized performance. A defining feature of the ORC is its adaptability; its capacity for utilizing a wide range of heat sources and working fluids allows for tailored solutions in diverse contexts.
Moreover, the development of specialized types, such as compact ORC systems for small-scale applications, has expanded its accessibility to a broader range of users.
Get the Free Sample Report: https://www.imarcgroup.com/organic-rankine-cycle-market/requestsample
Organic Rankine Cycle Market Trends and Growth Drivers:
The escalating focus on renewable energy and sustainability represents one of the key factors driving the market growth of the Organic Rankine Cycle. In addition to this, advancements in heat exchanger and turbine technology, coupled with increasing efforts in research and development, are propelling market growth. Beyond this, the shift in industrial strategies toward more efficient and sustainable operations is contributing positively to the market.
Apart from this, the global movement toward reducing greenhouse gas emissions aligns well with the ORC's capabilities, facilitating its market growth. Coupled with this, the increasing interest in waste heat recovery, partially influenced by energy cost-saving goals, is prompting industries to consider ORC systems as a viable option.
Other factors such as the decentralization of energy production, growing awareness about energy efficiency, and the emergence of specialized companies focusing on heat-to-power solutions are collectively driving the growth of the organic rankine cycle market globally.
Explore Full Report Description At: https://www.imarcgroup.com/organic-rankine-cycle-market
Organic Rankine Cycle Market Segmentation:
The report has segmented the market into the following categories:
Type Insights:
• 500KW
• 1MW
• 5MW
• 10MW
• 15MW
• 30MW
• Others
Application Insights:
• Waste Heat Recovery
• Petroleum Refinery
• Chemical
• Glass
• Cement
• Biomass
• Geothermal
• Solar Thermal
• Oil and Gas (Gas Pipeline Pressure Stations)
• Waste to Energy
Regional Insights:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=8086&flag=C
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Organic Rankine Cycle Market Size, Demand, Growth Drivers and Forecast 2023-2028 here
News-ID: 3226850 • Views: …
More Releases from IMARC Group
Retirement Planning Services Business Plan 2025: Market Overview and Investment …
IMARC Group's "Retirement Planning Services Business Plan and Project Report 2025: Industry Trends, Business Setup, Revenue Model, Investment Opportunities, Income, Expenses, and Profitability" delivers a complete framework for establishing and managing a profitable retirement planning services firm. This report provides detailed insights into market trends, investment opportunities, financial forecasts, and operational models. It serves as a vital tool for entrepreneurs, consultants, and investors aiming to evaluate business feasibility or enhance…
Indonesia Facility Management Market Overview & Statistics, Size, Share, Industr …
As indicated in the latest market research report published by IMARC Group, titled "Indonesia Facility Management Market Report by Facility Management Type (Inhouse Facility Management, Outsourced Facility Management), Offering Type (Hard FM, Soft FM), End User (Commercial, Institutional, Public/Infrastructure, Industrial, Others), and Region 2025-2033," the report presents a thorough review featuring the Indonesia facility management market share, growth, trends, and research of the industry.
Market Size & Future Growth Potential:
The Indonesia…
Singapore Logistics Market Statistics & Trends, Outlook, Size, Share, Industry A …
As indicated in the latest market research report published by IMARC Group, titled "Singapore Logistics Market Report by Model Type (2 PL, 3 PL, 4 PL), Transportation Mode (Roadways, Seaways, Railways, Airways), End Use (Manufacturing, Consumer Goods, Retail, Food and Beverages, IT Hardware, Healthcare, Chemicals, Construction, Automotive, Telecom, Oil and Gas, Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It…
Milk Processing Plant Setup in India 2025: Business Plan, Opportunities, Cost, a …
Overview: Expanding Opportunities in India's Dairy Processing Sector
India's dairy industry is witnessing unprecedented growth, driven by rising consumption of milk and milk-based products, increasing urbanization, and government initiatives supporting rural dairy development. Within this expanding sector, the establishment of a milk processing plant presents a promising business opportunity for entrepreneurs and investors. Milk processing is a crucial component of the dairy value chain, transforming raw milk into products such as…
More Releases for Organic
Organic Farming Market Booming Segments; Investors Seeking Growth | Picks Organi …
Latest released the research study on Global Organic Farming Market, offers a detailed overview of the factors influencing the global business scope. Organic Farming Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Organic Farming Market. The study covers emerging player’s data, including:…
Demand Analysis By Top Key Players: Global Organic Milk Market 2020: OMSCo, Trad …
Avail a detailed research offering a comprehensive analysis of the developments, growth outlook, driving factors, and key players of the Organic Milk market in the latest research report added by Big Market Research.The recent research report on the global Organic Milk Market presents the latest industry data and future trends, allowing you to recognize the products and end users driving Revenue growth and profitability of the market.
The report offers an…
Global Organic Milk (Organic Milk Products) Market 2020 : Arla Food, Horizon Org …
The research report "Organic Milk (Organic Milk Products) Market: Global and Regional Analysis 2019 – 2024" discover accurate information about the long run prospects of this Organic Milk (Organic Milk Products) market, which can help industry players to understand the flow of the market throughout the period 2019-2024. The global Organic Milk (Organic Milk Products) market has defined the market scenario in an orderly way, emphasizing the industrial development, prominent…
Organic Milk Market 2018 : By Top Key Players: OMSCo, Tradin Organic, Prolactal, …
Report includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2018 to 2025, market forecast till 2025 in terms of volume, revenue, YOY growth rate, and CAGR. The report also provides detailed segmentation on the basis of product type, applications and regional segmentation. The regional segment is further bifurcated on country level.
This report studies the global market size of Organic Milk in key regions…
Organic Milk Market Research 2019 - 2025: Top Key Players: OMSCo, Tradin Organic …
In 2017, the global Organic Milk market size was million US$ and is forecast to million US in 2025, growing at a CAGR of from 2018. The objectives of this study are to define, segment, and project the size of the Organic Milk market based on company, product type, application and key regions.
This report studies the global market size of Organic Milk in key regions like North America, Europe, Asia…
Organic Whey Protein -Milk Specialties, NOW Foods, Organic Valley, The Organic P …
Organic Whey Protein Industry Overview:
Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global Organic Whey Protein market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region.
The Global Organic Whey Protein market Report provides a detailed analysis of the current dynamics of the market with an extensive focus on the secondary research. It also studies current situation of the market estimate,…
