The global geothermal power market size is expected to reach around US$ 7.1 billion by 2030 and is expected to grow at an impressive double-digit rate of 5% from 2022 to 2030.
Due to the concerns regarding the climate change many strict regulations are implemented by government in the developed and the developing nations which shall help in the growth of the market.
The study includes drivers and restraints of this market. The study provides an analysis of the global geothermal power market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Report Scope of the Geothermal Power Market
| Report Coverage | Details |
| Market Size by 2030 | USD 7.1 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 5% |
| Largest Market | North America |
| Fastest Growing Region | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Plant, End User, Power Output, Region |
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global geothermal power market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global geothermal power market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global geothermal power market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for geothermal power are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global geothermal power market include:
- Calpine
- Ormat Technologies Inc.
- Enel Green Power North America Inc.
- Gradient Resources
- Toshiba International Corp.
- EthosEnergy Group
- ThermaSource LLC
- Terra-Gen Power LLC
- Chevron Corp.
- Berkshire Hathaway Inc.
- U.S. Geothermal Inc.
Market Segmentation:
By Plant Type
- Binary Cycle Power Plants
- Flash Steam Plants
- Dry Steam Plants
By End User
- Residential
- Industrial
- Commercial
- Others
By Power Output
- Up to 5 MW
- Above 5 MW
Regional Analysis:
The geographical analysis of the global geothermal power market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global geothermal power Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global geothermal power market in 2030?
- What is the expected CAGR for the geothermal power market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global geothermal power market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Geothermal Power Market
5.1. COVID-19 Landscape: Geothermal Power Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Geothermal Power Market, By Plant Type
8.1. Geothermal Power Market, by Plant Type, 2022-2030
8.1.1Binary Cycle Power Plants
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Flash Steam Plants
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Dry Steam Plants
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Geothermal Power Market, By End User
9.1. Geothermal Power Market, by End User, 2022-2030
9.1.1. Residential
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Industrial
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Commercial
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Geothermal Power Market, By Power Output
10.1. Geothermal Power Market, by Power Output, 2022-2030
10.1.1. Up to 5 MW
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Above 5 MW
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Geothermal Power Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.1.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.1.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.1.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.2.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.2.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.2.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.2.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.2.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.3.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.3.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.3.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.3.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.3.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.4.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.4.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.4.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.4.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.5.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.5.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
Chapter 12. Company Profiles
12.1.Calpine
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Ormat Technologies Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Enel Green Power North America Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Gradient Resources
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Toshiba International Corp.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. EthosEnergy Group
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. ThermaSource LLC
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Terra-Gen Power LLC
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Chevron Corp.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Berkshire Hathaway Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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