PUBLISHER: TechNavio | PRODUCT CODE: 1910953
PUBLISHER: TechNavio | PRODUCT CODE: 1910953
The global geothermal power market is forecasted to grow by USD 19414.0 mn during 2025-2030, accelerating at a CAGR of 27.8% during the forecast period. The report on the global geothermal power market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for clean baseload power, technological advancements in egs, corporate and data center energy procurement.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2026 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 21.8% |
| CAGR | 27.8% |
| Incremental Value | $19414.0 mn |
Technavio's global geothermal power market is segmented as below:
By Type
By End-User
By Resource Type
Geography
This study identifies the technological innovations enhancing geothermal energy extraction as one of the prime reasons driving the global geothermal power market growth during the next few years. Also, increasing global demand for clean and reliable energy and expansion of market applications and investment in infrastructure will lead to sizable demand in the market.
The report on the global geothermal power market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global geothermal power market vendors that include Aboitiz Power Corp., Calpine Corp., Cyrq Energy Inc., DEEP Corp., Enel Spa, EnergySource LLC, Fervo Energy, First Gen Corp., Fuji Electric Co. Ltd., General Electric Co., HS Orka, Kenya Electricity Co. Ltd., KYUSHU ELECTRIC POWER CO. INC., Mitsubishi Heavy Ltd., Ormat Technologies Inc., PT Pertamina Geothermal Energy, Reykjavik Geothermal, Star Energy Geothermal Ltd., Toshiba Corp.. Also, the global geothermal power market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.