Global Geothermal Energy Market Size, Share, and Growth & Trends Analysis By Power Station Type (Dry Steam Power Stations, Flash Steam Power Stations, Binary Cycle Power Stations) By End Use (Residential, Commercial, Industrial, Others) By Region (North America, Asia Pacific, Europe, Middle East & Africa, South America): Regional Outlook, Growth Potential and Segments Forecast 2024-2031

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Description

The Global Geothermal Energy Market size was USD 4.6 billion in 2023 and is projected to reach USD 5.5 billion by 2031, with a CAGR of 5.0 % during the forecast period. 

Global Geothermal Energy Market: Overview

The geothermal energy market is advancing with next-generation technologies like Enhanced Geothermal Systems (EGS) and Advanced Geothermal Systems (AGS), unlocking previously untapped resources with minimal land use and offering flexible electricity generation. For instance, the Enhanced Geothermal Systems (EGS) technology allows accessing deeper and hotter resources previously unreachable with traditional drilling methods, expanding the potential geothermal footprint and increasing energy output. Ultra-Deep Geothermal Systems are exploiting heat from areas previously unsuitable due to depth, low rock permeability, or lack of fluids. Geothermal heat pumps are becoming more efficient with new materials and cost reductions, enhancing their role in heating and cooling buildings. Geothermal district heating, a well-established technology, is expanding into new markets and facilitating regional grid interconnection.

Innovations in geothermal power plants, including energy hybridization and thermal energy storage, are boosting power production and district heating capabilities. Improved exploration and drilling technologies are enhancing the efficiency and cost-effectiveness of geothermal development. Additionally, Underground Thermal Energy Storage is integrating geothermal energy into the grid, increasing its flexibility and reliability. Government support and initiatives are also driving the growth of the geothermal energy market. For example, the Mexican Department of Energy will likely have 35% of Mexico’s energy production from renewable energy sources by 2024, which includes geothermal energy. Similarly, the Indian government has implemented policies to promote the use of renewable energy sources, including geothermal energy.

These advancements are driving the geothermal energy market forward, positioning it as a key player in achieving global net-zero carbon emissions targets.

Global Geothermal Energy Market: Covid-19 Impact

The COVID-19 pandemic significantly impacted the geothermal energy market by disrupting supply chains and delaying project timelines. Reduced workforce availability and financial constraints hindered operations and new developments. However, the long-term outlook remains positive as the demand for sustainable energy sources grows. Governments and investors are increasingly recognizing geothermal energy’s potential, leading to renewed interest and investment in the sector post-pandemic.

Global Geothermal Energy Market: Growth Drivers

  • Environmental Concerns and Climate Change Mitigation:

The increasing awareness of environmental issues and the need to mitigate climate change are significant drivers of the geothermal energy market. Geothermal energy is a clean, renewable source of power that emits very low levels of greenhouse gases compared to fossil fuels. As governments and organizations worldwide set ambitious targets for reducing carbon emissions, the demand for sustainable energy sources like geothermal power is rising. Policies and regulations favoring renewable energy, such as subsidies, tax incentives, and renewable energy mandates, further drive the growth of the geothermal market.

  • Technological Advancements:

Advances in geothermal technology are making it more efficient and cost-effective to develop geothermal resources. Innovations in drilling techniques, such as Enhanced Geothermal Systems (EGS), allow for the exploitation of geothermal energy in areas previously considered non-viable. Improvements in binary cycle power plants and other technologies also enable the utilization of lower-temperature resources, expanding the geographical reach of geothermal energy. These technological advancements reduce the cost of geothermal projects and increase their competitiveness with other energy sources.

  • Energy Security and Reliability:

Geothermal energy provides a reliable and consistent source of power, unlike some other renewable energy sources that are intermittent, such as wind and solar. This reliability enhances energy security by providing a stable base load power supply, reducing dependence on imported fossil fuels, and mitigating the risks associated with fuel price volatility. Countries with significant geothermal resources can improve their energy independence and security by investing in geothermal energy infrastructure.

Global Geothermal Energy Market: Restraining Factors

  • High Initial Capital Costs:

One of the major restraints of geothermal energy is the high upfront capital costs associated with exploration, drilling, and plant construction. The initial phases of geothermal development, particularly drilling, can be expensive and risky due to the uncertainty of finding sufficient geothermal resources. These high initial costs can be a barrier for investors and can limit the development of new geothermal projects, especially in regions where financial resources are constrained.

  • Geographical Limitations:

Geothermal energy resources are geographically limited to regions with suitable geological conditions, such as volcanic areas, tectonic plate boundaries, and hotspots. This geographical constraint means that not all countries or regions can exploit geothermal energy efficiently. Even within regions with geothermal potential, the availability of resources can vary significantly, and not all locations will have sufficient heat flow to justify the development of geothermal power plants.

Global Geothermal Energy Market:  Opportunity Factors

  • Expansion into New Markets:

There are significant opportunities for the expansion of geothermal energy into new markets, particularly in developing countries with untapped geothermal potential. Countries in the Ring of Fire, such as Indonesia, the Philippines, and various African nations, have significant geothermal resources that remain underdeveloped. International investments, technology transfer, and capacity-building initiatives can help these countries harness their geothermal potential, providing economic benefits and improving energy access.

  • Integration with Other Renewable Energy Sources:

Geothermal energy can be integrated with other renewable energy sources to create a more resilient and balanced energy mix. For example, geothermal power can provide a stable base load to complement the intermittent nature of wind and solar power. Hybrid renewable energy systems that combine geothermal with solar or wind can enhance overall energy system reliability and efficiency. This integration offers opportunities for innovative energy solutions and grid stability.

Global Geothermal Energy Market: Challenges

  • Regulatory and Permitting Hurdles:

The development of geothermal projects often involves complex regulatory and permitting processes, which can be time-consuming and costly. These processes may include environmental impact assessments, land use permits, water usage rights, and other regulatory requirements. Navigating these hurdles can delay project development and increase costs, posing a significant challenge to the timely deployment of geothermal energy projects.

  • Public Perception and Awareness:

Public perception and awareness of geothermal energy can also be a challenge. In some regions, there may be limited understanding of the benefits and potential of geothermal energy, leading to public resistance or lack of support for geothermal projects. Concerns about environmental impacts, such as land subsidence, water use, and induced seismicity, can also affect public opinion. Educating the public and stakeholders about the advantages and addressing concerns transparently are crucial for gaining support and facilitating the development of geothermal energy projects.

Global Geothermal Energy Market: Segmentation

Based on Power Station Type: The market is segmented into Dry Steam Power Stations, Flash Steam Power Stations, Binary Cycle Power Stations.

Based on End Use: The market is segmented into Residential, Commercial, Industrial, Others.

Global Geothermal Energy Market: Regional Insights

  • North America:

The North American geothermal energy market is experiencing significant growth, driven by increasing demand for sustainable and renewable energy sources. The United States, particularly in the western states, leads the region with substantial geothermal capacity due to its favourable geological conditions. For instance, California has been a leader in geothermal energy production, with the Imperial Valley being one of the largest geothermal power-producing regions in the world.

Enhanced geothermal systems (EGS) and technological advancements are expanding the potential of geothermal resources beyond traditional hydrothermal reservoirs. For example, the Enhanced Geothermal Systems (EGS) technology allows accessing deeper and hotter resources previously unreachable with traditional drilling methods, expanding the potential geothermal footprint and increasing energy output.

Canada is also exploring its geothermal potential, particularly in British Columbia and Alberta. Government incentives, supportive policies, and a growing focus on reducing carbon footprints are bolstering the market. For instance, the Canadian government has implemented policies to promote the use of renewable energy sources, including geothermal energy. The integration of geothermal energy in district heating and industrial applications is gaining traction. For example, the city of Boise, Idaho, has a geothermal district heating system that provides heat to over 1,000 homes and businesses. Additionally, geothermal energy is being used in industrial processes such as greenhouse heating, food processing, and mineral extraction.

As the region seeks to diversify its energy mix and enhance energy security, the North American geothermal energy market is poised for further expansion and innovation.

  • Asia Pacific:

The Asia-Pacific geothermal energy market is experiencing significant growth driven by increasing efforts to transition towards sustainable energy sources. Countries like Indonesia, the Philippines, and Japan are leading the region in geothermal energy production, leveraging their volcanic activity for power generation.

Indonesia, with its abundant geothermal resources, aims to substantially increase its geothermal capacity to meet domestic energy demand and reduce reliance on fossil fuels. In the Philippines, geothermal energy constitutes a significant portion of the total electricity generated, providing a stable and renewable energy source. Japan, despite being seismically active, has developed advanced technologies for geothermal exploration and exploitation. Other countries in the region, including New Zealand and Australia, are also exploring geothermal energy options to diversify their energy mix and achieve carbon neutrality goals. Government policies supporting renewable energy and technological advancements are expected to further drive the growth of the Asia Pacific geothermal energy market in the coming years.

For example, the Indonesian government has set a target of increasing the country’s geothermal power generation capacity to 5,000 MW by 2025. The Philippine government has also implemented policies to promote the development of geothermal energy, including tax incentives and subsidies for geothermal power plants. The growth of the Asia Pacific geothermal energy market is also driven by the increasing demand for renewable energy and the need to reduce carbon emissions. The region’s advancements and market is expected to continue growing, driven by government support, technological advancements, and increasing demand for sustainable energy sources.

Global Geothermal Energy Market: Competitive Landscape

ABB, General Electric, Mitsubishi Hitachi Power Systems Inc., Edf, Yokogawa Electric Corporation, Enel Spa, The Tata Power Company Limited (Tata Power), Toshiba Corporation, Siemens Ag, Korea Electric Power Corporation.

Global Geothermal Energy Market: Recent Developments

  • Korea Electric Power Corp, the state-owned utility firm, announced a partnership with Kyrgyzstan on May 10, 2024, to explore new energy partnerships, with an emphasis on projects such as high-voltage direct current (HVDC) transmission and shared interests in renewable energy initiatives.
  • Mitsubishi Power, a part of Mitsubishi Heavy Industries, Ltd. (MHI) that specializes in power solutions, was awarded a contract on April 9, 2024, to supply equipment for a natural gas-fired gas turbine combined cycle (GTCC) power production system. This equipment will be used at Unit 13 of the Lamma Power Station in Hong Kong, as commissioned by The Hong Kong Electric Co., Ltd.

Table of Content

CHAPTER 1: EXECUTIVE SUMMARY
1.1. Summary
CHAPTER 2: RESEARCH METHODOLOGY
2.1. Research Process
2.2. Primary Research
2.3. Secondary Research
2.4. Market Size Estimation
2.5. Research Methodology
2.6. Analyst Tools/Models/Techniques
2.6.1. Notations
2.7. Market Scope & Segmentation
2.8. Currency & Pricing Considered
CHAPTER 3: MARKET TRENDS
3.1. Introduction
3.2. Drivers
3.2.1. Technological Advancements
3.3. Restraints
3.3.1. High Initial Capital Costs
3.4. Opportunities
3.4.1. Integration with Other Renewable Energy Sources
3.5. Challenges
3.5.1. Public Perception and Awareness
3.6. Investment Feasibility Analysis
3.7. Latest Trends
CHAPTER 4: MARKET ASSESSMENT
4.1. Porters Five Forces Analysis
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitute
4.1.5. Intensity of Competitive Rivalry
4.2. Value Chain Analysis
4.3. Market Share Analysis
4.4. Impact of Key Regulations on the Market
4.5. SWOT Analysis
4.6. PESTEL Analysis
4.7. Patent Analysis
4.7.1. BY POWER STATION TYPE
4.7.2. BY END USE
4.8. Roadmap Development
4.9. Market Lineage Outlook
4.9.1. Parent Market Outlook
4.9.2. Ancillary Market Outlook
CHAPTER 5: IMPACT OF RECESSION ON THE MARKET
5.1. Introduction
5.1.1. Short Term Impact
5.1.2. Long Term Impact
CHAPTER 6: GLOBAL GEOTHERMAL ENERGY MARKET, BY POWER STATION TYPE
6.1. Introduction
6.1.1. Market Size & Forecast
6.1.2. Global Geothermal Energy Market Share, By Power Station Type -2023 and 2031 (%)
6.2. DRY STEAM POWER STATIONS
6.2.1. Key market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Regions
6.3. FLASH STEAM POWER STATIONS
6.3.1. Key market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Regions
6.4. BINARY CYCLE POWER STATIONS
6.4.1. Key market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Regions
CHAPTER 7: GLOBAL GEOTHERMAL ENERGY MARKET, BY END USE
7.1. Introduction
7.1.1. Market Size & Forecast
7.1.2. Global Geothermal Energy Market Share, By End Use -2023 and 2031 (%)
7.2. RESIDENTIAL
7.2.1. Key market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Regions
7.3. COMMERCIAL
7.3.1. Key market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Regions
7.4. INDUSTRIAL
7.4.1. Key market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Regions
7.5. OTHERS
7.5.1. Key market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Regions
CHAPTER 8: NORTH AMERICA MARKET ANALYSIS
8.1. Introduction
8.2. Geothermal Energy Market by Country
8.3. North America Geothermal Energy Market by Country, USD Million 2019-2031
8.3.1. Market Size & Forecast, By Power Station Type
8.3.2. Market Size & Forecast, By End Use
8.4. U.S.
8.4.1. Market Size & Forecast, By Power Station Type
8.4.2. Market Size & Forecast, By End Use
8.5. Canada
8.5.1. Market Size & Forecast, By Power Station Type
8.5.2. Market Size & Forecast, By End Use
CHAPTER 9: EUROPE MARKET ANALYSIS
9.1. Introduction
9.2. Geothermal Energy Market by Country
9.3. Europe Geothermal Energy Market by Country, USD Million 2019-2031
9.3.1. Market Size & Forecast, By Power Station Type
9.3.2. Market Size & Forecast, By End Use
9.4. Germany
9.4.1. Market Size & Forecast, By Power Station Type
9.4.2. Market Size & Forecast, By End Use
9.5. France
9.5.1. Market Size & Forecast, By Power Station Type
9.5.2. Market Size & Forecast, By End Use
9.6. U.K.
9.6.1. Market Size & Forecast, By Power Station Type
9.6.2. Market Size & Forecast, By End Use
9.7. Italy
9.7.1. Market Size & Forecast, By Power Station Type
9.7.2. Market Size & Forecast, By End Use
9.8. Spain
9.8.1. Market Size & Forecast, By Power Station Type
9.8.2. Market Size & Forecast, By End Use
9.9. Benelux
9.9.1. Market Size & Forecast, By Power Station Type
9.9.2. Market Size & Forecast, By End Use
9.10. Rest of Europe
9.10.1. Market Size & Forecast, By Power Station Type
9.10.2. Market Size & Forecast, By End Use
CHAPTER 10: ASIA-PACIFIC MARKET ANALYSIS
10.1. Introduction
10.2. Geothermal Energy Market by Country
10.3. Asia Pacific Geothermal Energy Market by Country, USD Million 2019-2031
10.3.1. Market Size & Forecast, By Power Station Type
10.3.2. Market Size & Forecast, By End Use
10.4. China
10.4.1. Market Size & Forecast, By Power Station Type
10.4.2. Market Size & Forecast, By End Use
10.5. India
10.5.1. Market Size & Forecast, By Power Station Type
10.5.2. Market Size & Forecast, By End Use
10.6. Japan
10.6.1. Market Size & Forecast, By Power Station Type
10.6.2. Market Size & Forecast, By End Use
10.7. Australia
10.7.1. Market Size & Forecast, By Power Station Type
10.7.2. Market Size & Forecast, By End Use
10.8. South Korea
10.8.1. Market Size & Forecast, By Power Station Type
10.8.2. Market Size & Forecast, By End Use
10.9. Souethest Asia
10.9.1. Market Size & Forecast, By Power Station Type
10.9.2. Market Size & Forecast, By End Use
10.10. Rest of Asia Pacific
10.10.1. Market Size & Forecast, By Power Station Type
10.10.2. Market Size & Forecast, By End Use
CHAPTER 11: LATIN AMERICA AND THE CARIBBEAN MARKET ANALYSIS
11.1. Introduction
11.2. Geothermal Energy Market by Country
11.3. Latin America Geothermal Energy Market by Country, USD Million 2019-2031
11.3.1. Market Size & Forecast, By Power Station Type
11.3.2. Market Size & Forecast, By End Use
11.4. Brazil
11.4.1. Market Size & Forecast, By Power Station Type
11.4.2. Market Size & Forecast, By End Use
11.5. Mexico
11.5.1. Market Size & Forecast, By Power Station Type
11.5.2. Market Size & Forecast, By End Use
11.6. Rest of Latin America
11.6.1. Market Size & Forecast, By Power Station Type
11.6.2. Market Size & Forecast, By End Use
CHAPTER 12: THE MIDDLE EAST AND AFRICA MARKET ANALYSIS
12.1. Introduction
12.2. Geothermal Energy Market by Country
12.3. MEA Geothermal Energy Market by Country, USD Million 2019-2031
12.3.1. Market Size & Forecast, By Power Station Type
12.3.2. Market Size & Forecast, By End Use
12.4. South Africa
12.4.1. Market Size & Forecast, By Power Station Type
12.4.2. Market Size & Forecast, By End Use
12.5. Saudi Arabia
12.5.1. Market Size & Forecast, By Power Station Type
12.5.2. Market Size & Forecast, By End Use
12.6. UAE
12.6.1. Market Size & Forecast, By Power Station Type
12.6.2. Market Size & Forecast, By End Use
12.7. Rest of MEA
12.7.1. Market Size & Forecast, By Power Station Type
12.7.2. Market Size & Forecast, By End Use
CHAPTER 13: COMPETITIVE LANDSCAPE
13.1. Introduction
13.2. Market Player Positioning, 2022
13.3. Company Evaluation Matrix
13.4. Product Mapping of Top 10 Player
13.5. Market Opportunities and Future Trends
13.6. Competitive Heatmap
13.7. Top Winning Growth Strategies
13.7.1. Major Growth Strategies
13.7.2. Expansion
13.7.3. Merger and Acquisition
13.7.4. Other Developments
CHAPTER 14: COMPANY PROFILES
14.1. ABB
14.1.1. Company Overview
14.1.2. Key Executives
14.1.3. Financial Overview
14.1.4. Business COMPONENTnalysis
14.1.5. Product Portfolio
14.1.6. Key Strategic Developments
14.2. GENERAL ELECTRIC
14.3. MITSUBISHI HITACHI POWER SYSTEMS INC.
14.4. YOKOGAWA ELECTRIC CORPORATION
14.5. ENEL SPA
14.6. THE TATA POWER COMPANY LIMITED (TATA POWER)
14.7. TOSHIBA CORPORATION
14.8. SIEMENS AG
14.9. KOREA ELECTRIC POWER CORPORATION
14.10. OTHERS

Tables & Figures

LIST OF TABLES
Table 1. GLOBAL GEOTHERMAL ENERGY MARKET INDUSTRY SNAPSHOT, 2022-2031
Table 2. GLOBAL GEOTHERMAL ENERGY MARKET SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 3. GLOBAL GEOTHERMAL ENERGY MARKET DRY STEAM POWER STATIONS, BY REGION-2019-2031 (USD MILLION)
Table 4. GLOBAL GEOTHERMAL ENERGY MARKET FLASH STEAM POWER STATIONS, BY REGION-2019-2031 (USD MILLION)
Table 5. GLOBAL GEOTHERMAL ENERGY MARKET BINARY CYCLE POWER STATIONS, BY REGION-2019-2031 (USD MILLION)
Table 6. GLOBAL GEOTHERMAL ENERGY MARKET SHARE, By End Use -2019-2031 (USD MILLION)
Table 7. GLOBAL GEOTHERMAL ENERGY MARKET RESIDENTIAL, BY REGION-2019-2031 (USD MILLION)
Table 8. GLOBAL GEOTHERMAL ENERGY MARKET COMMERCIAL, BY REGION-2019-2031 (USD MILLION)
Table 9. GLOBAL GEOTHERMAL ENERGY MARKET INDUSTRIAL, BY REGION-2019-2031 (USD MILLION)
Table 10. GLOBAL GEOTHERMAL ENERGY MARKET OTHER, BY REGION-2019-2031 (USD MILLION)
Table 11. GLOBAL GEOTHERMAL ENERGY MARKET SHARE, REGION -2019-2031 (USD MILLION)
Table 12. GLOBAL GEOTHERMAL ENERGY MARKET FOR NORTH AMERICA, BY REGION-2019-2031 (USD MILLION)
Table 13. GLOBAL GEOTHERMAL ENERGY MARKET FOR ASIA PACIFIC BY REGION-2019-2031 (USD MILLION)
Table 14. GLOBAL GEOTHERMAL ENERGY MARKET FOR EUROPE BY REGION-2019-2031 (USD MILLION)
Table 15. GLOBAL GEOTHERMAL ENERGY MARKET FOR MIDDLE EAST & AFRICA BY REGION-2019-2031 (USD MILLION)
Table 16. GLOBAL GEOTHERMAL ENERGY MARKET FOR SOUTH AMERICA BY REGION-2019-2031 (USD MILLION)
Table 17. NORTH AMERICA Geothermal Energy Market BY COUNTRY, USD MILLION 2019-2031
Table 18. NORTH AMERICA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 19. NORTH AMERICA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 20. NORTH AMERICA Geothermal Energy Market SHARE, by REGION -2019-2031 (USD MILLION)
Table 21. U.S. Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 22. U.S. Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 23. U.S. Geothermal Energy Market SHARE, by REGION -2019-2031 (USD MILLION)
Table 24. CANADA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 25. CANADA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 26. EUROPE Geothermal Energy Market BY COUNTRY, USD MILLION 2019-2031
Table 27. EUROPE Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 28. EUROPE Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 29. GERMANY Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 30. GERMANY Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 31. FRANCE Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 32. FRANCE Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 33. UK Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 34. UK Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 35. ITALY Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 36. ITALY Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 37. SPAIN Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 38. SPAIN Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 39. BENELUX Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 40. BENELUX Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 41. REST OF EUROPE Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 42. REST OF EUROPE Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 43. ASIA PACIFIC Geothermal Energy Market BY COUNTRY, USD MILLION 2019-2031
Table 44. ASIA PACIFIC Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 45. ASIA PACIFIC Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 46. CHINA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 47. CHINA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 48. INDIA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 49. INDIA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 50. JAPAN Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 51. JAPAN Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 52. AUSTRALIA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 53. AUSTRALIA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 54. SOUTH KOREA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 55. SOUTH KOREA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 56. SOUETHEST ASIA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 57. SOUETHEST ASIA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 58. REST OF ASIA PACIFIC Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 59. REST OF ASIA PACIFIC Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 60. LATIN AMERICA Geothermal Energy Market BY COUNTRY, USD MILLION 2019-2031
Table 61. LATIN AMERICA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 62. LATIN AMERICA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 63. BRAZIL Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 64. BRAZIL Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 65. MEXICO Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 66. MEXICO Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 67. REST OF LATIN AMERICA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 68. REST OF LATIN AMERICA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 69. MEA Geothermal Energy Market BY COUNTRY, USD MILLION 2019-2031
Table 70. MEA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 71. MEA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 72. SOUTH AFRICA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 73. SOUTH AFRICA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 74. SAUDI ARABIA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 75. SAUDI ARABIA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 76. UAE Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 77. UAE Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 78. REST OF MEA Geothermal Energy Market SHARE, By Power Station Type -2019-2031 (USD MILLION)
Table 79. REST OF MEA Geothermal Energy Market SHARE, By End Use -2019-2031 (USD MILLION)
Table 80. KEY EXPANSIONS (2019-2022)
Table 81. KEY MERGERS AND ACQUISITION (2019-2022)
Table 82. OTHER KEY DEVELOPMENTS (2019-2022)

LIST OF FIGURES
Figure 1. REGIONAL ANALYSIS (2022 & 2031)
Figure 2. RESEARCH PROCESS
Figure 3. ANALYSIS FRAMEWORK
Figure 4. IMPACT OF KEY REGULATION ON THE MARKET
Figure 5. SWOT ANALYSIS
Figure 6. GLOBAL GEOTHERMAL ENERGY MARKET SHARE, By Power Station Type -2023 & 2031 (USD MILLION)
Figure 7. GLOBAL GEOTHERMAL ENERGY MARKET , DRY STEAM POWER STATIONS -2019-2031 (USD MILLION)
Figure 8. GLOBAL GEOTHERMAL ENERGY MARKET , FLASH STEAM POWER STATIONS -2019-2031 (USD MILLION) GLOBAL GEOTHERMAL ENERGY MARKET , BINARY CYCLE POWER STATIONS -2019-2031 (USD MILLION)
Figure 9. GLOBAL GEOTHERMAL ENERGY MARKET , GLASS -2019-2031 (USD MILLION)
Figure 10. GLOBAL GEOTHERMAL ENERGY MARKET , OTHERS -2019-2031 (USD MILLION)
Figure 11. GLOBAL GEOTHERMAL ENERGY MARKET SHARE, By End Use -2023 & 2031 (USD MILLION)
Figure 12. GLOBAL GEOTHERMAL ENERGY MARKET , RESIDENTIAL -2019-2031 (USD MILLION)
Figure 13. GLOBAL GEOTHERMAL ENERGY MARKET , COMMERCIAL -2019-2031 (USD MILLION)
Figure 14. GLOBAL GEOTHERMAL ENERGY MARKET , TEA LIGHT -2019-2031 (USD MILLION)
Figure 15. GLOBAL GEOTHERMAL ENERGY MARKET , TUMBLER -2019-2031 (USD MILLION)
Figure 16. GLOBAL GEOTHERMAL ENERGY MARKET , VASE -2019-2031 (USD MILLION)
Figure 17. GLOBAL GEOTHERMAL ENERGY MARKET , FRUITS -2019-2031 (USD MILLION)
Figure 18. GLOBAL GEOTHERMAL ENERGY MARKET , FLOWERS -2019-2031 (USD MILLION)
Figure 19. GLOBAL GEOTHERMAL ENERGY MARKET , SPICES -2019-2031 (USD MILLION)
Figure 20. GLOBAL GEOTHERMAL ENERGY MARKET , BLENDS -2019-2031 (USD MILLION)
Figure 21. GLOBAL GEOTHERMAL ENERGY MARKET , OTHERS -2019-2031 (USD MILLION)
Figure 22. MARKET PLAYER POSITIONING, 2022
Figure 23. COMPANY EVALUATION MATRIX
Figure 24. PRODUCT MAPPING OF TOP 10 PLAYERS
Figure 25. COMPETITIVE HEATMAP OF KEY PLAYERS

Frequently Asked Questions (FAQ):

  • Which is the leading segment in the Global Geothermal Energy Market?

    Based on power station type, Binary cycle power stations have gained prominence.
  • What are the key factors driving the Global Geothermal Energy Market?

    Technological Advancements, Energy Security and Independence are some of the key factors driving the growth in the market.
  • Which region will contribute notably towards the Global Geothermal Energy Market?

    North America region to contribute the major share towards the market growth.
  • What are the key players in the Global Geothermal Energy Market?

    ABB, General Electric, Mitsubishi Hitachi Power Systems Inc, Yokogawa Electric Corporation, Enel Spa, The Tata Power Company Limited (Tata Power), Toshiba Corporation, Siemens Ag, Korea Electric Power Corporation and Others.

Buying Options

Original price was: $6,000.00.Current price is: $5,100.00.
Original price was: $5,000.00.Current price is: $4,500.00.
Original price was: $4,000.00.Current price is: $3,800.00.