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Global Geothermal Energy Market Size, Trends and Growth opportunity, By Plant Type (Dry Steam Plants, Flash Steam Plants, Binary Cycle Power Plants, Single Flash, Double Flash, Triple Flash, Back Pressure), By Temperature (Low, Medium, High), By End Use (Residential, Commercial, Industrial, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.


Report ID : IR100973 | Industries : Energy & Power | Published On :March 2024 | Page Count : 1

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  • Global Geothermal Energy Market Size, Trends and Growth opportunity, By Plant Type (Dry Steam Plants, Flash Steam Plants, Binary Cycle Power Plants, Single Flash, Double Flash, Triple Flash, Back Pressure), By Temperature (Low, Medium, High), By End Use (Residential, Commercial, Industrial, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.

     

    Global Geothermal Energy Market 
    Global Geothermal Energy Market was valued at USD 6.9 billion in 2021 and is expected to reach USD 9.5 billion by 2027, at a CAGR 4.97% from 2022-2027.
    Geothermal Energy can be defined as heat that is generated within the Earth. The geothermal power plants use steam to produce electricity. The steam comes from reservoirs of hot water found a few miles and more below the earth's surface. The steam rotates a turbine which activates a generator, which produces electricity.

     

    Market Drivers
    The increase in electric security concerns because of clean and eco-friendly resources are driving the growth of the geothermal energy market. Additionally, rising demand for heating and cooling systems, including ground source heat pumps and district heating, are projected to fuel the growth of the geothermal energy market.     

     

    Market Restraints
    However, the lucrative market for alternative clean energy sources like solar and wind are likely to hinder the market growth during the forecast period.

     

    Market Segmentation
    The Global Geothermal Energy Market is segmented into plant type, temperature, end-use, and region.
    Based on plant type, the binary cycle power plants segment is likely to witness significant growth in demand, as they can be operated at low-temperature reservoirs (200°F to 330°F).

     

    Regional Analysis
    The Global Geothermal Energy Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
    The North American region is expected to dominate the geothermal energy market with the United States leading the regional and global market in terms of installed capacity. Most of the geothermal power plants in the United States are in western states and the island state of Hawaii, where geothermal energy resources are close to the Earth's surface.

     

    Key Players
    Various key players are discussed into the Global Geothermal Energy Market Report including: Mitsubishi Power Ltd, Ormat Technologies Inc., Engie SA, Tetra Tech Inc., First Gen Corporation, Kenya Electricity Generating Company (KenGen), Sosian Energy Limited, Enel SpA., PT Pertamina Geothermal Energy, and Aboitiz Power Corporation.

     

    Market Taxonomy
    By Plant Type

    •    Dry Steam Plants
    •    Flash Steam Plants
    •    Binary Cycle Power Plants
    •    Single Flash
    •    Double Flash
    •    Triple Flash
    •    Back Pressure

     

    By Temperature
    •    Low
    •    Medium
    •    High

     

    By End Use
    •    Residential
    •    Commercial
    •    Industrial
    •    Others

     

    By Region
    •    North America
    •    Latin America
    •    Europe
    •    Asia Pacific
    •    Middle East & Africa

    Global Geothermal Energy Market
    1 Introduction    
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Geothermal Energy Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Geothermal Energy Market, By Plant Type 
    5.1 Y-o-Y Growth Comparison, By Plant Type
    5.2 Global Geothermal Energy Market Share Analysis, By Plant Type
    5.3 Global Geothermal Energy Market Size and Forecast, By Plant Type
    5.3.1 Dry Steam Plants
    5.3.2 Flash Steam Plants
    5.3.3 Binary Cycle Power Plants
    5.3.4 Single Flash
    5.3.5 Double Flash
    5.3.6 Triple Flash
    5.3.7 Back Pressure
    6 Global Geothermal Energy Market, By Temperature
    6.1 Y-o-Y Growth Comparison, By Temperature
    6.2 Global Geothermal Energy Market Share Analysis, By Temperature
    6.3 Global Geothermal Energy Market Size and Forecast, By Temperature
    6.3.1 Low
    6.3.2 Medium
    6.3.3 High
    7 Global Geothermal Energy Market, By End-User
    7.1 Y-o-Y Growth Comparison, By End-User
    7.2 Global Geothermal Energy Market Share Analysis, By End-User
    7.3 Global Geothermal Energy Market Size and Forecast, By End-User
    7.3.1 Residential
    7.3.2 Commercial
    7.3.3 Industrial
    7.3.4 Others    
    8 Global Geothermal Energy Market, By Region
    8.1 Global Geothermal Energy Market Share Analysis, By Region
    8.2 Global Geothermal Energy Market Share Analysis, By Region
    8.3 Global Geothermal Energy Market Size and Forecast, By Region
    9 North America Geothermal Energy Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 North America Geothermal Energy Market Share Analysis, By Plant Type
    9.3 North America Geothermal Energy Market Share Analysis, By Temperature
    9.4 North America Geothermal Energy Market Size and Forecast, By End-User
    9.5 North America Geothermal Energy Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Geothermal Energy Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Europe Geothermal Energy Market Share Analysis, By Plant Type
    10.3 Europe Geothermal Energy Market Share Analysis, By Temperature
    10.4 Europe Geothermal Energy Market Size and Forecast, By End-User
    10.5 Europe Geothermal Energy Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.5.4 Rest of Europe
    11 Asia Pacific Geothermal Energy Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Asia Pacific Geothermal Energy Market Share Analysis, By Plant Type
    11.3 Asia Pacific Geothermal Energy Market Share Analysis, By Temperature
    11.4 Asia Pacific Geothermal Energy Market Size and Forecast, By End-User
    11.5 Asia Pacific Geothermal Energy Market Size and Forecast, By Country
    11.5.1 China    
    11.5.2 Japan
    11.5.3 India
    11.5.4 Rest of Asia Pacific
    12 Latin America Geothermal Energy Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Latin America Geothermal Energy Market Share Analysis, By Plant Type
    12.3 Latin America Geothermal Energy Market Share Analysis, By Temperature
    12.4 Latin America Geothermal Energy Market Size and Forecast, By End-User
    12.5 Latin America Geothermal Energy Market Size and Forecast, Country
    12.5.1 Brazil
    12.5.2 Rest of Latin America
    13 Middle East Geothermal Energy Market Analysis and Forecast (2022-2027)
    13.1 Introduction
    13.2 Middle East Geothermal Energy Market Share Analysis, By Plant Type
    13.3 Middle East Geothermal Energy Market Share Analysis, By Temperature
    13.4 Middle East Geothermal Energy Market Size and Forecast, By End-User
    13.5 Middle East Geothermal Energy Market Size and Forecast, By Country
    13.5.1 Saudi Arabia
    13.5.2 UAE
    13.5.3 Egypt
    13.5.4 Kuwait
    13.5.5 South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Mitsubishi Power Ltd
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2 Ormat Technologies Inc.
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.25 Key Market Developments
    15.2.6 Key Strategies
    15.3 Engie SA
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Tetra Tech Inc.
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 First Gen Corporation
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 Kenya Electricity Generating Company (KenGen)
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Sosian Energy Limited
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies    
    15.8 Enel SpA.
    15. 8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9 Aboitiz Power Corporation
    15.9.1 Overview
    15.9.2 Offerings
    15.4.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 PT Pertamina Geothermal Energy
    15.10.1 Overview
    15.10.2 Offerings
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies