Geothermal ORC Market Analysis

Power Output (<1 MWe, >1-5 MWe, >5-10 MWe, >10 MWe)

>10 MWe segment for the geothermal ORC market is expected to hold a share of 45% during the forecast period. ORC systems demonstrate an extraordinary degree of adaptability concerning thermal energy harvesting techniques. They are extremely flexible and able to generate power in various capacities from large-scale installations to small sources that produce less than one kilowatt. The reputation of this technology as the most efficient and cost-effective way to convert thermal energy into mechanical or electrical power is a driving factor for its widespread adoption. In installations exceeding 10 megawatts of electrical energy, several advantages including superior efficiency, reliability, and adaptability have led to an increased use of ORCs.

Applications (Waste Heat Recovery, Combined Cycle Power Plant (CCPP))

Waste Heat Recovery segment for the geothermal ORC market is anticipated to hold a share of 56% during the projected period. For the ORC module to be fed through intermediate fluid, a waste heat recovery system extracts thermal energy from the exhaust gas of an industrial plant. The thermal transfer to the organic fluid in an ORC evaporator, where it vaporizes, is carried out by this liquid, typically oil, pressurized water, and steam. By providing on-site power generation capability, waste heat recovery complements decentralized energy systems, allowing industries to meet their energy needs independently and effectively. To provide reliable and sustainable energy networks capable of meeting domestic demand, microgrids are composed of waste heat recovery systems combined with renewable energy sources and energy storage technologies. Also, to minimize the environmental impact and demonstrate their commitment to sustainability, businesses are facing increasing pressure from stakeholders including investors, customers, and regulatory bodies.

Our in-depth analysis of the global market includes the following segments: