Global Geothermal Power Market

Global Geothermal Power Market Size, Share, Growth Analysis, By Type of Power Plant(Dry steam, Flash steam), By Application(Electricity generation, Direct heating and district heating) - Industry Forecast 2024-2031

Report ID: SQMIG55F2030 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 65

Global Geothermal Power Market Competitive Landscape

Global Geothermal Power Market features a competitive landscape with several key players vying for market share. The market is characterized by its fragmentation and competitiveness, industry players are increasingly emphasizing various inorganic growth strategies to maintain their market position. These strategies include mergers and acquisitions, joint ventures, partnerships, collaborations, and regional expansions. Additionally, market participants are actively seeking funding from investors to meet the growing demand for geothermal power. This proactive approach allows them to expand their capacity and remain competitive on a global scale. By leveraging these initiatives, industry participants aim to bolster their presence and capitalize on the rising interest in geothermal energy worldwide.

Geothermal Power Market Top Player’s Company Profiles

  • Calpine(US)
  • Ethos Energy (US)
  • GEG Power(Indonesia)
  • Electratherm (US)
  • Toshiba International Corporation (Japan)
  • Mitsbushi corporation (Japan)
  • Ormat Technologies (US)
  • Enel Green Power (Italy)
  • Berkshire Hathway Industries(US)
  • First Gen Corporation(Philippines)

Geothermal Power Market

$3,500
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Geothermal Power Market size was valued at USD 4.10 billion in 2021 and is poised to grow from USD 4.31 billion in 2022 to USD 6.17 billion by 2030, at a CAGR of 5.26% during the forecast period (2023-2030).

Global Geothermal Power Market features a competitive landscape with several key players vying for market share. The market is characterized by its fragmentation and competitiveness, industry players are increasingly emphasizing various inorganic growth strategies to maintain their market position. These strategies include mergers and acquisitions, joint ventures, partnerships, collaborations, and regional expansions. Additionally, market participants are actively seeking funding from investors to meet the growing demand for geothermal power. This proactive approach allows them to expand their capacity and remain competitive on a global scale. By leveraging these initiatives, industry participants aim to bolster their presence and capitalize on the rising interest in geothermal energy worldwide. 'Calpine(US)', 'Ethos Energy (US)', 'GEG Power(Indonesia)', 'Electratherm (US)', 'Toshiba International Corporation (Japan)', 'Mitsbushi corporation (Japan)', 'Ormat Technologies (US)', 'Enel Green Power (Italy)', 'Berkshire Hathway Industries(US)', 'First Gen Corporation(Philippines)'

Low Carbon Emissions: Geothermal power plants produce very low levels of carbon dioxide and other greenhouse gas emissions compared to fossil fuel-based power plants. As the world focuses on reducing carbon emissions to combat climate change, geothermal energy becomes an attractive option to meet energy needs without contributing significantly to global warming.

Growing Demand for Binary Cycle Power Plant: In binary cycle power plants, the geothermal water or steam beneath the Earth's surface is not directly used to drive the turbines. Instead, a heat exchanger is employed, where the geothermal water is pumped and heats a separate liquid called isobutene. Isobutene has a lower boiling point than water, so it transforms into steam when heated.

The North America is the dominant region in the geothermal power market. It has a well-established geothermal industry with a significant number of operational geothermal power plants. The region's dominant position is attributed to its abundant geothermal resources, particularly in countries like the United States and Mexico.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Geothermal Power Market

Report ID: UCMIG55F2061 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Solar Energy Storage Battery Market
Buy Now GET FREE SAMPLE
Global Geothermal Power Market

Report ID: SQMIG55F2043 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 92 | Figures: 76

Global Battery Recycling Market
Buy Now GET FREE SAMPLE
Global Geothermal Power Market

Report ID: SQMIG55F2041 | Region: Global | Published Date: February, 2024 | Pages: 182 | Tables: 64 | Figures: 75

Global Renewable Natural Gas Market
Buy Now GET FREE SAMPLE
Global Geothermal Power Market

Report ID: UCMIG55F2011 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Photovoltaic Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Geothermal Power Market

Product ID: SQMIG55F2030

$3,500
BUY NOW GET FREE SAMPLE