Organic Rankine Cycle Market Leading Growth Drivers, Emerging Audience, Segments, Sales, Profits & Analysis 2022 to 2030
Organic Rankine Cycle Industry Overview The global organic rankine cycle market size was valued at USD 415.12 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.3% from 2022 to 2030 The rise in the adoption of renewable energy, the longer life cycle of ORC, and low O&M cost are some of the major factors boosting the growth of the organic rankine cycle (ORC) market globally. North America is expected to witness higher demand for ORC installation over the coming years owing to the rising focus on the development of power through clean energy sources and the availability of supporting policies and financial support for clean energy projects. Furthermore, various large-scale ORC-based geothermal power projects are under pipeline in the U.S., which is expected to drive the market for ORC in North America during the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Organic Rankine Cycle Market ...