by
According to the Foreclaro Global Research, the
Global
Geothermal ORC Market size was valued at USD 6,882.2 million in 2024. The report “Global
Geothermal ORC Market Segmentation By Capacity (Up to 5 MW, 5-20
MW, 20-50 MW, Above 50 MW), By End-User (Utilities, Industrial, Residential,
Commercial), By Application (Electricity Generation, Direct Heat, Other
Applications), By Process Type (Dry Steam, Flash, Binary)- Industry Trends and Forecast to
2033” gives a
detailed insight into current market dynamics and provides analysis on future
market growth.
The Global Geothermal Organic Rankine Cycle
(ORC) Market is experiencing steady growth driven by the increasing demand for
sustainable and renewable energy sources. ORC technology enables efficient
electricity generation from low- to medium-temperature geothermal resources,
offering a reliable alternative to conventional fossil fuel-based power. The
market expansion is fueled by government incentives, carbon reduction targets,
and rising investments in renewable infrastructure. Advancements in ORC system
efficiency and modular design are making geothermal projects more viable in
diverse geographies. Moreover, the ability of ORC systems to operate in remote
areas and provide continuous baseload power strengthens their appeal for
utilities and industrial users. However, high initial setup costs and limited
awareness in emerging economies may restrain market growth. Overall, the global
geothermal ORC market is poised to grow as nations accelerate efforts to
diversify their energy mix and achieve long-term decarbonization goals.
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Global Geothermal
ORC Market Report Highlights
· The
market is witnessing steady expansion due to increasing adoption of renewable
energy technologies and supportive government initiatives promoting geothermal
power generation.
· Organic
Rankine Cycle (ORC) systems enable efficient electricity generation from low-
to medium-temperature geothermal resources, expanding feasible geothermal
applications.
· Rising
demand for clean energy, decarbonization targets, and advancements in ORC
efficiency and modular system design are major growth catalysts.
· North
America and Europe lead the market, while Asia-Pacific is emerging as a key
growth region driven by geothermal resource potential in Indonesia, Japan, and
the Philippines.
· Utilities
dominate market demand, while industrial and commercial sectors are
increasingly adopting small-to-medium ORC units for localized power generation.
· Companies
such as Ormat Technologies, Exergy International, and Turboden S.p.A. are
focusing on partnerships, capacity expansions, and technology innovation to
strengthen their market presence.
Foreclaro
Global Research has segmented the Geothermal ORC Market report based on Capacity,
End User, Application, Process Type, and region:
Geothermal
ORC Market, Capacity Outlook (Revenue - USD Million, 2020 - 2033)
Up to 5 MW
5-20 MW
20-50 MW
Above 50 MW
Geothermal
ORC Market, End User Outlook (Revenue - USD Million, 2020 - 2033)
Utilities
Industrial
Residential
Commercial
Geothermal
ORC Market, Application Outlook (Revenue - USD Million, 2020 - 2033)
Electricity
Generation
Direct Heat
Other
Applications
Geothermal
ORC Market, Process Outlook (Revenue - USD Million, 2020 - 2033)
Dry Steam
Flash
Binary
Geothermal
ORC Market, Regional Outlook (Revenue - USD Million, 2020 - 2033)
North
America
·
United
States
·
Canada
·
Mexico
Europe
·
United
Kingdom
·
Germany
·
France
·
Spain
·
Italy
·
Rest
of Europe
Asia
Pacific
·
China
·
India
·
Japan
·
Australia
·
South
Korea
·
Rest
of Asia Pacific
Latin
America
·
Brazil
·
Argentina
·
Rest
of Latin America
Middle East
& Africa
·
Saudi
Arabia
·
South
Africa
·
Rest
of MEA
Global Geothermal ORC Market Key Players
·
Ormat Technologies
·
Calpine Corporation
·
Enel Green Power
·
Mitsubishi Heavy Industries
·
Geothermal Development Company
·
Contact Energy
·
Cyrq Energy
·
Terra-Gen
·
Eavor Technologies
·
ABB
