Top Organic Rankine Cycle Companies

In regions such as Europe and North America the use of Government incentives, energy efficiency mandates, and regional climate goals will accelerate the deployment of ORCs. Programs such as the EU Green Deal, as well as U.S. tax credits for recycling heat to ORC, help drive adoption of ORCs in industrial and renewable projects.

Challenges to the volume commercial scaling of ORC systems are limited efficiency in converting low-grade heat, the technical complexity of combining systems into a fully functional entity, lack of general knowledge/awareness of ORCs, a lack of designers and maintenance skilled workforce, and general mistrust of a new technology.

ORC systems will typically have a lower operational cost and may also have a lower maintenance cost because they are likely built on fewer simpler components, and optimized operationally by AI. That said, capital expenditure of ORCs may be higher at first, especially with more complicated or modular installations that relate to a specific heat source.

The North America and Asia-Pacific regions will likely show the fastest ORC growth, due to an increasing investment towards renewable energy sources, waste heat recovery projects, regulatory policies that support ORC installations, and further adoption of ORCs in decentralized power generation and in industrial applications.

ORC pairing with geothermal, biomass, and solar sources allows for efficient generation of low temperature power, which is ideal uses for hybrid renewable energy systems. This broadens ORC's role in clean energy transitions and decentralized power systems.

AI and IoT enable real-time monitoring, provide predictive maintenance, and utilize digital twins to better model system performance. All these contribute to improving heat exchange, fluid flow, energy efficiency and enhancing operational uptime with the goal of smarter ORC implementations.

Global Organic Rankine Cycle Market size was valued at USD 17.1 Billion in 2024 and is poised to grow from USD 18.28 Billion in 2025 to USD 31.18 Billion by 2033, growing at a CAGR of 6.9% during the forecast period (2026–2033). 

The global organic rankine cycle market is highly competitive, with key players focusing on technological advancements, strategic partnerships, and market expansion. Leading companies include Turboden (Italy), Ormat Technologies (U.S.), Exergy (Italy), Kaishan Group (China), and Enertime (France). Turboden invests in AI-driven organic rankine cycle optimization, while Ormat Technologies expands its geothermal organic rankine cycle projects globally. Exergy focuses on modular organic rankine cycle solutions, enhancing flexibility in waste heat recovery applications. 'Turboden S.p.A. (Italy) ', 'Ormat Technologies Inc. (USA) ', 'Exergy International S.r.l. (Italy) ', 'Kaishan Group (China) ', 'Enertime (France) ', 'Calnetix Technologies (USA) ', 'Bosch KWK Systeme (Germany) ', 'Againity AB (Sweden) ', 'Electratherm (USA) ', 'INTEC GMK GmbH (Germany) ', 'Zuccato Energia srl (Italy) ', 'Infinity Turbine (USA) ', 'TAS Energy (USA) ', 'GMK Energy (South Korea) ', 'ABB Ltd (Switzerland/Sweden) ', 'Alfa Laval AB (Sweden) ', 'Atlas Copco AB (Sweden) ', 'Durr AG (Germany) ', 'Enogia SAS (France) ', 'Orcan Energy AG (Germany)'

The increasing focus on industrial energy efficiency is driving the adoption of organic rankine cycle technology. Industries such as steel, cement, and oil & gas generate significant waste heat, which organic rankine cycle systems convert into usable power. Government incentives and carbon reduction policies further accelerate organic rankine cycle deployment in industrial waste heat recovery applications.

Rising Adoption of ORC in Waste Heat Recovery: Industries are increasingly integrating organic rankine cycle systems for waste heat recovery to improve energy efficiency and sustainability. Sectors like steel, cement, and oil & gas are leveraging organic rankine cycle technology to convert low-grade heat into power, driven by stringent environmental regulations and decarbonization initiatives.

As per the global organic rankine cycle market analysis, Europe is dominating the industry, driven by stringent carbon reduction targets, strong government incentives, and advanced renewable energy adoption. Countries like Italy, Germany, and France lead in geothermal and waste heat recovery applications. The EU’s Green Deal and energy efficiency policies accelerate organic rankine cycle deployment in industrial sectors. Growing investments in AI-driven organic rankine cycle optimization further enhance system performance, supporting widespread market expansion.