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Geothermal power generation is the most prevalent ORC application is terms of installed capacity, constituting 74.8 of total installed ORC capacity in the world. Waste heat recovery (WHR) is noted to be an emerging field of interesting potential for various ORC unit sizes, contrary to the geothermal power generation field which is dominated by a few large players due to high barriers of entry as a result of large investment cost requirements [20], as is shown in figure 1.3. Furthermore, biomass applications amount to 11% of total installed capacity. Italian Turboden dominates the biomass ORC arena with large share of installed power and installed plants. Concentrated solar power applications are as of end of 2016 negligible primarily due to the high investment cost of the field of solar receivers which make them more expensive than photovoltaic and battery system solutions [20]. In conclusion, aggregated over all areas of ORC applications, the American company ORMAT is found to be the world leader with 62.9% of of the total installed capacity, followed by the Italian companies Turboden (13.4%) and Exergy (11.1%) [20]. Figure 1.3: Total installed capacity per application and per manufacturer [20]. Figure 1.4: Market share per application and per manufacturer [20]. The evolution of installed capacity over time, per application is shown in figure 1.5. Geothermal is noted to be the initial application ORC application with the first plants developed in the 1980s [20]. Biomass ORC:s emerged in the early 2000s and solar just recently. The growth of the biomass market has been stable due to the possibility of applying the same standardized, off-the-shelf, ORC units [20]. It has partly also been by driven by political financial 10PDF Image | Analysis of Organic Rankine Cycles for a Boiler Station
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