Organic Rankine Cycle Market To Witness A Significant Growth Of USD 1.07 Billion By 2030
San Francisco, 13 Jan 2023: The Report Organic Rankine Cycle Market Size, Share & Trends Analysis Report By Application (Waste Heat Recovery, Biomass, Geothermal, Solar Thermal, Oil & Gas, Waste To Energy), By Region, And Segment Forecasts, 2022 - 2030 The global organic rankine cycle market size is expected to reach USD 1.07 billion by 2030, growing at 3.3% CAGR from 2022 to 2030, according to a new report by Grand View Research, Inc. Rise in adoption of renewable energy in countries such as the U.S., China, Germany, and Canada continue to make way for progressive legislations and provide financial incentives for the deployment of renewable energy. Financial incentives such as feed-in-tariffs, 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 likely to propel the market’s growth in the near future. The supply chains of spare parts for organic rankine cycle (O