Geothermal Power Generation Industry Research Report 2025

Summary

Geothermal power, namely geothermal electricity, is electricity generated by geothermal energy. Technologies in use include dry steam power stations, flash steam power stations and binary cycle power stations. Geothermal electricity generation is currently used in 24 countries.

Geothermal power is considered to be a sustainable, renewable source of energy because the heat extraction is small compared with the Earth's heat content. However, it displays features of conventional power generation methods due to high capacity factors and ability to supply base load. Low emissions and non-reliance on fossil fuels are major drivers for the industry. Strong regulatory and policy framework in numerous countries across the world would foster and sustain development in the sector in the long-term. In this report, the use of geothermal energy for power generation purposes are mainly analyzed. In addition, the direct uses of geothermal energy are also introduced in chapter 6.

According to APO Research, The global Geothermal Power Generation market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.

North American market for Geothermal Power Generation is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Geothermal Power Generation is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Geothermal Power Generation is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Geothermal Power Generation include , etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Geothermal Power Generation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Geothermal Power Generation.

The report will help the Geothermal Power Generation manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Geothermal Power Generation market size, estimations, and forecasts are provided in terms of sales volume (MW) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Geothermal Power Generation market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Geothermal Power Generation Segment by Company

Energy Development
Comisión Federal de Electricidad
Ormat
Enel Green Power
Calpine
KenGen
Pertamina Geothermal Energy
Contact Energy
Orkuveita Reykjavikur
Star Energy Ltd
Berkshire Hathaway Energy
Northern California Power Agency
HS Orka
Cyrq Energy

Geothermal Power Generation Segment by Type

Dry Steam Stations
Flash Steam Power Stations
Binary Cycle Stations

Geothermal Power Generation Segment by Application

Residential
Industrial
Others

Geothermal Power Generation Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Geothermal Power Generation market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Geothermal Power Generation and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Geothermal Power Generation.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Geothermal Power Generation manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Geothermal Power Generation by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Geothermal Power Generation in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Geothermal Power Generation by Type
2.2.1 Market Value Comparison by Type (2020 VS 2024 VS 2031) & (US$ Million)
2.2.2 Dry Steam Stations
2.2.3 Flash Steam Power Stations
2.2.4 Binary Cycle Stations
2.3 Geothermal Power Generation by Application
2.3.1 Market Value Comparison by Application (2020 VS 2024 VS 2031) & (US$ Million)
2.3.2 Residential
2.3.3 Industrial
2.3.4 Others
2.4 Global Market Growth Prospects
2.4.1 Global Geothermal Power Generation Production Value Estimates and Forecasts (2020-2031)
2.4.2 Global Geothermal Power Generation Production Capacity Estimates and Forecasts (2020-2031)
2.4.3 Global Geothermal Power Generation Production Estimates and Forecasts (2020-2031)
2.4.4 Global Geothermal Power Generation Market Average Price (2020-2031)
3 Market Competitive Landscape by Manufacturers
3.1 Global Geothermal Power Generation Production by Manufacturers (2020-2025)
3.2 Global Geothermal Power Generation Production Value by Manufacturers (2020-2025)
3.3 Global Geothermal Power Generation Average Price by Manufacturers (2020-2025)
3.4 Global Geothermal Power Generation Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Geothermal Power Generation Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Geothermal Power Generation Manufacturers, Product Type & Application
3.7 Global Geothermal Power Generation Manufacturers Established Date
3.8 Global Geothermal Power Generation Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Energy Development
4.1.1 Energy Development Geothermal Power Generation Company Information
4.1.2 Energy Development Geothermal Power Generation Business Overview
4.1.3 Energy Development Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.1.4 Energy Development Product Portfolio
4.1.5 Energy Development Recent Developments
4.2 Comisión Federal de Electricidad
4.2.1 Comisión Federal de Electricidad Geothermal Power Generation Company Information
4.2.2 Comisión Federal de Electricidad Geothermal Power Generation Business Overview
4.2.3 Comisión Federal de Electricidad Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.2.4 Comisión Federal de Electricidad Product Portfolio
4.2.5 Comisión Federal de Electricidad Recent Developments
4.3 Ormat
4.3.1 Ormat Geothermal Power Generation Company Information
4.3.2 Ormat Geothermal Power Generation Business Overview
4.3.3 Ormat Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.3.4 Ormat Product Portfolio
4.3.5 Ormat Recent Developments
4.4 Enel Green Power
4.4.1 Enel Green Power Geothermal Power Generation Company Information
4.4.2 Enel Green Power Geothermal Power Generation Business Overview
4.4.3 Enel Green Power Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.4.4 Enel Green Power Product Portfolio
4.4.5 Enel Green Power Recent Developments
4.5 Calpine
4.5.1 Calpine Geothermal Power Generation Company Information
4.5.2 Calpine Geothermal Power Generation Business Overview
4.5.3 Calpine Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.5.4 Calpine Product Portfolio
4.5.5 Calpine Recent Developments
4.6 KenGen
4.6.1 KenGen Geothermal Power Generation Company Information
4.6.2 KenGen Geothermal Power Generation Business Overview
4.6.3 KenGen Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.6.4 KenGen Product Portfolio
4.6.5 KenGen Recent Developments
4.7 Pertamina Geothermal Energy
4.7.1 Pertamina Geothermal Energy Geothermal Power Generation Company Information
4.7.2 Pertamina Geothermal Energy Geothermal Power Generation Business Overview
4.7.3 Pertamina Geothermal Energy Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.7.4 Pertamina Geothermal Energy Product Portfolio
4.7.5 Pertamina Geothermal Energy Recent Developments
4.8 Contact Energy
4.8.1 Contact Energy Geothermal Power Generation Company Information
4.8.2 Contact Energy Geothermal Power Generation Business Overview
4.8.3 Contact Energy Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.8.4 Contact Energy Product Portfolio
4.8.5 Contact Energy Recent Developments
4.9 Orkuveita Reykjavikur
4.9.1 Orkuveita Reykjavikur Geothermal Power Generation Company Information
4.9.2 Orkuveita Reykjavikur Geothermal Power Generation Business Overview
4.9.3 Orkuveita Reykjavikur Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.9.4 Orkuveita Reykjavikur Product Portfolio
4.9.5 Orkuveita Reykjavikur Recent Developments
4.10 Star Energy Ltd
4.10.1 Star Energy Ltd Geothermal Power Generation Company Information
4.10.2 Star Energy Ltd Geothermal Power Generation Business Overview
4.10.3 Star Energy Ltd Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.10.4 Star Energy Ltd Product Portfolio
4.10.5 Star Energy Ltd Recent Developments
4.11 Berkshire Hathaway Energy
4.11.1 Berkshire Hathaway Energy Geothermal Power Generation Company Information
4.11.2 Berkshire Hathaway Energy Geothermal Power Generation Business Overview
4.11.3 Berkshire Hathaway Energy Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.11.4 Berkshire Hathaway Energy Product Portfolio
4.11.5 Berkshire Hathaway Energy Recent Developments
4.12 Northern California Power Agency
4.12.1 Northern California Power Agency Geothermal Power Generation Company Information
4.12.2 Northern California Power Agency Geothermal Power Generation Business Overview
4.12.3 Northern California Power Agency Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.12.4 Northern California Power Agency Product Portfolio
4.12.5 Northern California Power Agency Recent Developments
4.13 HS Orka
4.13.1 HS Orka Geothermal Power Generation Company Information
4.13.2 HS Orka Geothermal Power Generation Business Overview
4.13.3 HS Orka Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.13.4 HS Orka Product Portfolio
4.13.5 HS Orka Recent Developments
4.14 Cyrq Energy
4.14.1 Cyrq Energy Geothermal Power Generation Company Information
4.14.2 Cyrq Energy Geothermal Power Generation Business Overview
4.14.3 Cyrq Energy Geothermal Power Generation Production, Value and Gross Margin (2020-2025)
4.14.4 Cyrq Energy Product Portfolio
4.14.5 Cyrq Energy Recent Developments
5 Global Geothermal Power Generation Production by Region
5.1 Global Geothermal Power Generation Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.2 Global Geothermal Power Generation Production by Region: 2020-2031
5.2.1 Global Geothermal Power Generation Production by Region: 2020-2025
5.2.2 Global Geothermal Power Generation Production Forecast by Region (2026-2031)
5.3 Global Geothermal Power Generation Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.4 Global Geothermal Power Generation Production Value by Region: 2020-2031
5.4.1 Global Geothermal Power Generation Production Value by Region: 2020-2025
5.4.2 Global Geothermal Power Generation Production Value Forecast by Region (2026-2031)
5.5 Global Geothermal Power Generation Market Price Analysis by Region (2020-2025)
5.6 Global Geothermal Power Generation Production and Value, YOY Growth
5.6.1 North America Geothermal Power Generation Production Value Estimates and Forecasts (2020-2031)
5.6.2 Europe Geothermal Power Generation Production Value Estimates and Forecasts (2020-2031)
5.6.3 China Geothermal Power Generation Production Value Estimates and Forecasts (2020-2031)
5.6.4 Japan Geothermal Power Generation Production Value Estimates and Forecasts (2020-2031)
6 Global Geothermal Power Generation Consumption by Region
6.1 Global Geothermal Power Generation Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
6.2 Global Geothermal Power Generation Consumption by Region (2020-2031)
6.2.1 Global Geothermal Power Generation Consumption by Region: 2020-2025
6.2.2 Global Geothermal Power Generation Forecasted Consumption by Region (2026-2031)
6.3 North America
6.3.1 North America Geothermal Power Generation Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.3.2 North America Geothermal Power Generation Consumption by Country (2020-2031)
6.3.3 United States
6.3.4 Canada
6.3.5 Mexico
6.4 Europe
6.4.1 Europe Geothermal Power Generation Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Geothermal Power Generation Consumption by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.4.8 Spain
6.4.9 Netherlands
6.4.10 Switzerland
6.4.11 Sweden
6.4.12 Poland
6.5 Asia Pacific
6.5.1 Asia Pacific Geothermal Power Generation Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Geothermal Power Generation Consumption by Country (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 Taiwan
6.5.9 Southeast Asia
6.6 South America, Middle East & Africa
6.6.1 South America, Middle East & Africa Geothermal Power Generation Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.6.2 South America, Middle East & Africa Geothermal Power Generation Consumption by Country (2020-2031)
6.6.3 Brazil
6.6.4 Argentina
6.6.5 Chile
6.6.6 Turkey
6.6.7 GCC Countries
7 Segment by Type
7.1 Global Geothermal Power Generation Production by Type (2020-2031)
7.1.1 Global Geothermal Power Generation Production by Type (2020-2031) & (MW)
7.1.2 Global Geothermal Power Generation Production Market Share by Type (2020-2031)
7.2 Global Geothermal Power Generation Production Value by Type (2020-2031)
7.2.1 Global Geothermal Power Generation Production Value by Type (2020-2031) & (US$ Million)
7.2.2 Global Geothermal Power Generation Production Value Market Share by Type (2020-2031)
7.3 Global Geothermal Power Generation Price by Type (2020-2031)
8 Segment by Application
8.1 Global Geothermal Power Generation Production by Application (2020-2031)
8.1.1 Global Geothermal Power Generation Production by Application (2020-2031) & (MW)
8.1.2 Global Geothermal Power Generation Production Market Share by Application (2020-2031)
8.2 Global Geothermal Power Generation Production Value by Application (2020-2031)
8.2.1 Global Geothermal Power Generation Production Value by Application (2020-2031) & (US$ Million)
8.2.2 Global Geothermal Power Generation Production Value Market Share by Application (2020-2031)
8.3 Global Geothermal Power Generation Price by Application (2020-2031)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Geothermal Power Generation Value Chain Analysis
9.1.1 Geothermal Power Generation Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Geothermal Power Generation Production Mode & Process
9.2 Geothermal Power Generation Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Geothermal Power Generation Distributors
9.2.3 Geothermal Power Generation Customers
10 Global Geothermal Power Generation Analyzing Market Dynamics
10.1 Geothermal Power Generation Industry Trends
10.2 Geothermal Power Generation Industry Drivers
10.3 Geothermal Power Generation Industry Opportunities and Challenges
10.4 Geothermal Power Generation Industry Restraints
11 Report Conclusion
12 Disclaimer

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