Global Geothermal Energy Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Geothermal Energy Market is presumed to reach the market size of nearly USD 11.59 Billion by 2032 from USD 8.01 Billion in 2023 with a CAGR of 4.19% under the study period 2024 - 2032.

Geothermal energy is a sustainable energy source extracted from the heat stored beneath the Earth's crust within the Earth's mantle and crust. This heat is continuously generated by the radioactive decay of minerals and the Earth's internal heat flux. This energy can be captured through various technologies, such as geothermal heat pumps, geothermal power plants, and direct-use applications. Geothermal power plants generate electricity by utilizing steam or hot water from geothermal reservoirs to drive turbines and generators.

MARKET DYNAMICS

The abundant and consistent availability of geothermal resources, such as heat from the Earth's interior, makes geothermal energy a reliable and sustainable option for electricity generation and heating applications. With concerns about fossil fuel depletion, energy independence, and greenhouse gas emissions, governments, utilities, and industries increasingly turn to geothermal energy as a clean and renewable alternative to conventional power sources. Additionally, the scalability and flexibility of geothermal power plants, ranging from small-scale distributed systems to large utility-scale facilities, make them suitable for various applications in various geographic regions.

Moreover, advancements in geothermal exploration and drilling technologies enable the identification and development of new geothermal resources, stimulating market growth. Furthermore, the cost competitiveness of geothermal energy, driven by ongoing technological innovations, economies of scale, and favorable regulatory frameworks, makes it an attractive investment option for energy developers and investors seeking long-term returns and stable energy prices. With the increasing recognition of geothermal energy's environmental benefits, such as low carbon emissions, minimal land footprint, and baseload reliability, there is growing support from governments, financial institutions, and communities for expanding geothermal energy projects.

Additionally, integrating geothermal energy into energy transition strategies and climate action plans, including renewable energy targets and carbon reduction commitments, further drives market growth. With the potential to provide reliable, sustainable, and affordable energy solutions, geothermal energy is poised to play an integral role in the global transition to a low-carbon economy and achieving climate goals. However, changes in government policies, technological advancements, and competition from other renewable energy sources may hamper the market growth in the coming years, as the industry navigates evolving market dynamics and regulatory landscapes.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of geothermal energy. The growth and trends of geothermal energy industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the geothermal energy market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Technology

Flash Steam
Dry Steam
Binary Cycle Power Plants

By Power

Upto 5Mw
Above 5 Mw

By Application

Residential
Commercial
Industrial

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Geothermal Energy market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Geothermal Energy market include Turboden S.p.A., Green Energy Geothermal, Berkshire Hathaway Inc., Terra Gen, Reykjavik Geothermal, Alterra Power Corporation, TAS Energy, Atlas Copco Group, Exergy, ElectraTherm, Calpine Corporation, Fuji Electric Co. Ltd., Toshiba Corporation, Mitsubishi Heavy Industries, General Electric, Ansaldo Energia, Ormat Technologies. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114330

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. GEOTHERMAL ENERGY - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Technology
- 3.7.2 Market Attractiveness Analysis By Power
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL GEOTHERMAL ENERGY MARKET ANALYSIS BY TECHNOLOGY

5.1. Overview By Technology
5.2. Historical and Forecast Data
5.3. Analysis By Technology
5.4. Flash Steam Historic and Forecast Sales By Regions
5.5. Dry Steam Historic and Forecast Sales By Regions
5.6. Binary Cycle Power Plants Historic and Forecast Sales By Regions

6. GLOBAL GEOTHERMAL ENERGY MARKET ANALYSIS BY POWER

6.1. Overview By Power
6.2. Historical and Forecast Data
6.3. Analysis By Power
6.4. Upto 5MW Historic and Forecast Sales By Regions
6.5. Above 5 MW Historic and Forecast Sales By Regions

7. GLOBAL GEOTHERMAL ENERGY MARKET ANALYSIS BY APPLICATION

7.1. Overview By Application
7.2. Historical and Forecast Data
7.3. Analysis By Application
7.4. Residential Historic and Forecast Sales By Regions
7.5. Commercial Historic and Forecast Sales By Regions
7.6. Industrial Historic and Forecast Sales By Regions

8. GLOBAL GEOTHERMAL ENERGY MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE GEOTHERMAL ENERGY COMPANIES

9.1. Geothermal Energy Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10. COMPANY PROFILES OF GEOTHERMAL ENERGY INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Turboden S.P.A.
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
10.4. Green Energy Geothermal
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
10.5. Berkshire Hathaway Inc.
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
10.6. Terra Gen
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
10.7. Reykjavik Geothermal
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
10.8. Alterra Power Corporation
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
10.9. TAS Energy
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
10.10. Atlas Copco Group
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
10.11. Exergy
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
10.12. ElectraTherm
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments
10.13. Calpine Corporation
- 10.13.1 Company Overview
- 10.13.2 Company Revenue
- 10.13.3 Products
- 10.13.4 Recent Developments
10.14. Fuji Electric Co. Ltd.
- 10.14.1 Company Overview
- 10.14.2 Company Revenue
- 10.14.3 Products
- 10.14.4 Recent Developments
10.15. Toshiba Corporation
- 10.15.1 Company Overview
- 10.15.2 Company Revenue
- 10.15.3 Products
- 10.15.4 Recent Developments
10.16. Mitsubishi Heavy Industries
- 10.16.1 Company Overview
- 10.16.2 Company Revenue
- 10.16.3 Products
- 10.16.4 Recent Developments
10.17. General Electric
- 10.17.1 Company Overview
- 10.17.2 Company Revenue
- 10.17.3 Products
- 10.17.4 Recent Developments
10.18. Ansaldo Energia
- 10.18.1 Company Overview
- 10.18.2 Company Revenue
- 10.18.3 Products
- 10.18.4 Recent Developments
10.19. Ormat Technologies
- 10.19.1 Company Overview
- 10.19.2 Company Revenue
- 10.19.3 Products
- 10.19.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies