Organic Rankine Cycle Market Size Is Anticipated To Reach USD 926.3 Million By 2028
San Francisco, 10 Nov 2021: The Report Organic Rankine Cycle Market Size, Share & Trends Analysis Report By Application (Geothermal, Biomass, Waste Heat Recovery, Solar Thermal), By Region, And Segment Forecasts, 2020 - 2028 The global organic rankine cycle market size is expected to reach USD 926.3 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 20.3% from 2020 to 2028. The rise in the adoption of renewable energy in countries, such as the U.S., China, Germany, and Canada, is leading to the emergence of supportive regulations and provision of financial incentives for the deployment of renewable energy. Financial incentives such as feed-in-tariff, subsidies, and tax benefits are some of the major tools utilized by countries around the world to attract investment in the renewable energy sector. These factors are expected to propel the growth of the organic rankine cycle (ORC) market in the near future. The s