Global Geothermal Drilling Market 2023-2027

Description

List of Tables

The geothermal drilling market is forecasted to grow by USD 205.01 mn during 2022-2027, accelerating at a CAGR of 4.31% during the forecast period. The report on the geothermal drilling 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 rising demand for energy worldwide, need for efficient use of resources and reduction of emissions, and volatility in oil prices and increase in electricity prices boost demand for geothermal energy.

Technavio's geothermal drilling market is segmented as below:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	4.11%
CAGR	4.31%
Incremental Value	$205.01mn

By Application

Binary plants
Steam plants

By Area

Below 1000m
1000-2000m

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the decarbonization initiatives as one of the prime reasons driving the geothermal drilling market growth during the next few years. Also, development of EGS technology and application of ml techniques in geothermal exploration will lead to sizable demand in the market.

The report on the geothermal drilling market covers the following areas:

Geothermal drilling market sizing
Geothermal drilling market forecast
Geothermal drilling market industry analysis

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 geothermal drilling market vendors that include Baker Hughes Co., Deep Rock Manufacturing Co., Drillstar Industries, Fraste Spa, GA Drilling AS, Geotech Drilling Services Ltd., Gill Rock Drill Co. Inc., Halliburton Co., Huisman Equipment BV, Hydro Resources, KCA Deutag Alpha Ltd., KONYA SONDAJ, Laibe Corp., Marton Geotechnical Services Ltd., Ormat Technologies Inc., PT Pertamina Persero, Quaise Energy, Schlumberger Ltd., SIMCO Drilling Equipment Inc., and STDS Jantz GmbH and Co. KG. Also, the geothermal drilling 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 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 and vendor landscape in addition to an analysis of the key vendors.

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 research - both primary and secondary. 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 the accurate market growth.

Product Code: IRTNTR44744

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Area
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global geothermal drilling market for power generation 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global geothermal drilling market for power generation 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 Area Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Area Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Binary plants - Market size and forecast 2022-2027
Exhibit 34: Chart on Binary plants - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Binary plants - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Binary plants - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Binary plants - Year-over-year growth 2022-2027 (%)
6.4 Steam plants - Market size and forecast 2022-2027
Exhibit 38: Chart on Steam plants - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Steam plants - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Steam plants - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Steam plants - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Area

7.1 Market segments
Exhibit 44: Chart on Area - Market share 2022-2027 (%)
Exhibit 45: Data Table on Area - Market share 2022-2027 (%)
7.2 Comparison by Area
Exhibit 46: Chart on Comparison by Area
Exhibit 47: Data Table on Comparison by Area
7.3 Below 1000m - Market size and forecast 2022-2027
Exhibit 48: Chart on Below 1000m - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Below 1000m - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Below 1000m - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Below 1000m - Year-over-year growth 2022-2027 (%)
7.4 1000-2000m - Market size and forecast 2022-2027
Exhibit 52: Chart on 1000-2000m - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on 1000-2000m - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on 1000-2000m - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on 1000-2000m - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Area
Exhibit 56: Market opportunity by Area ($ million)
Exhibit 57: Data Table on Market opportunity by Area ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Indonesia - Market size and forecast 2022-2027
Exhibit 87: Chart on Indonesia - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on Indonesia - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on Indonesia - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Indonesia - Year-over-year growth 2022-2027 (%)
9.10 The Philippines - Market size and forecast 2022-2027
Exhibit 91: Chart on The Philippines - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on The Philippines - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on The Philippines - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on The Philippines - Year-over-year growth 2022-2027 (%)
9.11 Turkey - Market size and forecast 2022-2027
Exhibit 95: Chart on Turkey - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Turkey - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Turkey - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Turkey - Year-over-year growth 2022-2027 (%)
9.12 New Zealand - Market size and forecast 2022-2027
Exhibit 99: Chart on New Zealand - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on New Zealand - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on New Zealand - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on New Zealand - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Baker Hughes Co.
Exhibit 111: Baker Hughes Co. - Overview
Exhibit 112: Baker Hughes Co. - Business segments
Exhibit 113: Baker Hughes Co. - Key news
Exhibit 114: Baker Hughes Co. - Key offerings
Exhibit 115: Baker Hughes Co. - Segment focus
12.4 Deep Rock Manufacturing Co.
Exhibit 116: Deep Rock Manufacturing Co. - Overview
Exhibit 117: Deep Rock Manufacturing Co. - Product / Service
Exhibit 118: Deep Rock Manufacturing Co. - Key offerings
12.5 Fraste Spa
Exhibit 119: Fraste Spa - Overview
Exhibit 120: Fraste Spa - Product / Service
Exhibit 121: Fraste Spa - Key offerings
12.6 GA Drilling AS
Exhibit 122: GA Drilling AS - Overview
Exhibit 123: GA Drilling AS - Product / Service
Exhibit 124: GA Drilling AS - Key offerings
12.7 Geotech Drilling Services Ltd.
Exhibit 125: Geotech Drilling Services Ltd. - Overview
Exhibit 126: Geotech Drilling Services Ltd. - Product / Service
Exhibit 127: Geotech Drilling Services Ltd. - Key offerings
12.8 Gill Rock Drill Co. Inc.
Exhibit 128: Gill Rock Drill Co. Inc. - Overview
Exhibit 129: Gill Rock Drill Co. Inc. - Key offerings
12.9 Halliburton Co.
Exhibit 130: Halliburton Co. - Overview
Exhibit 131: Halliburton Co. - Business segments
Exhibit 132: Halliburton Co. - Key news
Exhibit 133: Halliburton Co. - Key offerings
Exhibit 134: Halliburton Co. - Segment focus
12.10 Huisman Equipment BV
Exhibit 135: Huisman Equipment BV - Overview
Exhibit 136: Huisman Equipment BV - Product / Service
Exhibit 137: Huisman Equipment BV - Key offerings
12.11 Hydro Resources
Exhibit 138: Hydro Resources - Overview
Exhibit 139: Hydro Resources - Product / Service
Exhibit 140: Hydro Resources - Key offerings
12.12 KCA Deutag Alpha Ltd.
Exhibit 141: KCA Deutag Alpha Ltd. - Overview
Exhibit 142: KCA Deutag Alpha Ltd. - Business segments
Exhibit 143: KCA Deutag Alpha Ltd. - Key news
Exhibit 144: KCA Deutag Alpha Ltd. - Key offerings
Exhibit 145: KCA Deutag Alpha Ltd. - Segment focus
12.13 KONYA SONDAJ
Exhibit 146: KONYA SONDAJ - Overview
Exhibit 147: KONYA SONDAJ - Product / Service
Exhibit 148: KONYA SONDAJ - Key offerings
12.14 Laibe Corp.
Exhibit 149: Laibe Corp. - Overview
Exhibit 150: Laibe Corp. - Key offerings
12.15 Marton Geotechnical Services Ltd.
Exhibit 151: Marton Geotechnical Services Ltd. - Overview
Exhibit 152: Marton Geotechnical Services Ltd. - Product / Service
Exhibit 153: Marton Geotechnical Services Ltd. - Key offerings
12.16 Ormat Technologies Inc.
Exhibit 154: Ormat Technologies Inc. - Overview
Exhibit 155: Ormat Technologies Inc. - Business segments
Exhibit 156: Ormat Technologies Inc. - Key offerings
Exhibit 157: Ormat Technologies Inc. - Segment focus
12.17 Schlumberger Ltd.
Exhibit 158: Schlumberger Ltd. - Overview
Exhibit 159: Schlumberger Ltd. - Business segments
Exhibit 160: Schlumberger Ltd. - Key news
Exhibit 161: Schlumberger Ltd. - Key offerings
Exhibit 162: Schlumberger Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations