Geothermal Energy (Enhanced Geothermal Systems, Binary Cycle Power Generation, Dry Steam Power, Flash Steam Power, Deep Learning & AI, Closed & Open Loop Geothermal Heat Pumps, Hybrid Geothermal Heat Pumps) Market (with COVID-19 & COP26 Impacts) & Technologies – 2022-2032
The industry professionals who published this report bring you an updated (post COP26 ) market analysis and forecasts. This market report is the utmost comprehensive review of the global Geothermal Energy market available today. This report aims to provide today’s strategic decision-makers with an expert 360-degree, time-sensitive, detailed view of this interconnected market.
The Geothermal Energy (Enhanced Geothermal Systems, Binary Cycle Power Generation, Dry Steam Power, Flash Steam Power, Deep Learning & AI, Closed & Open Loop Geothermal Heat Pumps, Hybrid Geothermal Heat Pumps) Market (with COVID-19 & COP26 Impacts) & Technologies – 2022-2032 report thoroughly analyzes 8 application sectors, 8 Geothermal technologies, 5 regional, 60 national and 5 revenue sources markets, detailing 2018-2032 market size. According to the report, after 20 years of low (up to 4.5%) annual growth rates, the market will boost unprecedented 2020-2032 CAGR of 15.4%.
This remarkable growth is attributed to two key factors:
Enhanced Geothermal System (EGS). Driven by the oil and gas companies, EGS technologies will mature within a few years, developing cost-effective EGS technology and proliferating the EGS into new geographic regions that non-ESG couldn’t use.
Direct Geothermal. Buildings’ direct heating and cooling (with and without heat pumps) are driven by governments to lower emissions footprint. The number of Direct Geothermal installations is forecasted to grow from 2.5 million in 2020 to more than 35 million by 2032.
Other drivers:
Geothermal technology serves two markets:
Direct Heating & Cooling
Electric Power
Government R&D, project financing & subsidies.
Geothermal technology is renewable, reliable and it provides the electric grid a baseload Geothermal running 24 / 7 regardless of weather conditions which affect wind and solar energy systems.
Geothermal energy plants’ footprint per GWh is less than 0.1% of Wind or Solar-PV footprint.
Geothermal power augment solar and wind energy generation.
Why Buy Geothermal Energy (Enhanced Geothermal Systems, Binary Cycle Power Generation, Dry Steam Power, Flash Steam Power, Deep Learning & AI, Closed & Open Loop Geothermal Heat Pumps, Hybrid Geothermal Heat Pumps) Market (with COVID-19 & COP26 Impacts) & Technologies – 2022-2032 Report?
A. Questions answered in this report include:
What will the 2022-2032 market size be?
Which submarkets provide attractive business opportunities?
What drives customers to invest?
What are the Geothermal Energy technologies & applications trends?
What are the challenges to market penetration & growth?
Following the COP26 pledges, how much and which countries are expected to invest in Geothermal energy?
How does COVID-19 affect the market?
B. The Global Geothermal Energy market size data is analyzed via five independent perspectives.
With a highly fragmented market, we address the “money trail” – each dollar spent in the global Geothermal Energy market is analyzed and crosschecked via five orthogonal viewpoints:
1. By 8 Geothermal Technologies:
Enhanced Geothermal Systems (EGS)
Binary Cycle Power Stations
Dry Steam Power Stations
Flash Steam Power Stations
Deep Learning & A.I.
Closed & Open Cycle Geothermal Heat Pumps
Hybrid Geothermal Heat Pumps
Other Technologies
2. By 8 Geothermal Applications:
Geothermal Residential HVAC
Citywide & District HVAC
Commercial & Industrial HVAC
Agriculture HVAC
Industrial & Commercial Power Generation
Electric Grid
Geothermal Desalination
Other Geothermal Applications
3. By 5 Revenue Source Markets:
Planning & Consulting Services
Turnkey Systems
Aftersale Maintenance & Upgrades
Training Services
Other Revenues
4. By 5 Regional Markets:
North America
Latin America
Europe
Middle East & Africa
Asia Pacific
5. By 60 National Markets:
The U.S.
Canada
Argentina
Brazil
Chile
Guatemala
Costa Rica
Ecuador
El Salvador
Mexico
Nicaragua
Peru
Rest of Latin America
Austria
Belgium
Bulgaria
Croatia
Czech Republic
Denmark
Finland
France
Germany
Greece
Holland
Hungary
Iceland
Ireland
Italy
Norway
Poland
Portugal
Romania
Russia
Slovenia
Spain
Sweden
Switzerland
The UK
Rest of Europe
Algeria
Egypt
GCC Countries
Ghana
Kenya
Mozambique
Nigeria
Tunisia
Turkey
Rest of MEA
Australia
Bangladesh
China
India
Indonesia
Japan
New Zealand
Pakistan
Philippines
South Korea
Rest of Asia-Pacific
C. Detailed market analysis frameworks for each of the market sectors are provided, including:
Market drivers & inhibitors
Business opportunities
SWOT analysis
Competitive analysis
Business environment
The 2018-2032 market
D. Companies mentioned in the report:
Alstom
Ansaldo Energia
BDR Thermea
Bosch Thermotechnology
Carrier
Fuji Electric
General Electric
Mitsubishi Electric
Mitsubishi Heavy Industry
Modine
Nibe Industrier
OCHSNER Warmepumpen
Ormat
Stiebel Eltron
Toshiba
Trane
Vaillant
Viessmann
Buyers of the report gets a free copy (valued at $3,950 to $10,000) of our “Geothermal Energy Industry (with COVID-19 & COP26 Impacts) and 60 National Markets – 2022” report.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook