Global Geothermal Drilling Market 2023-2027

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	161 Pages	TechNavio	August, 2023	INF18180449

Best Price Guarantee
Price	from $2,500
Length	161 Pages
Publisher	TechNavio
Published Date	August, 2023
SKU	INF18180449

Global Geothermal Drilling Market 2023-2027

The geothermal drilling market is forecasted to grow by USD 205.01 mn during 2022-2027, accelerating at a CAGR of 4.31% during the forecast period. The report on the geothermal drilling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for energy worldwide, need for efficient use of resources and reduction of emissions, and volatility in oil prices and increase in electricity prices boost demand for geothermal energy.

Technavio's geothermal drilling market is segmented as below:

By Application

Binary plants
Steam plants

By Area

Below 1000m
1000-2000m

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the decarbonization initiatives as one of the prime reasons driving the geothermal drilling market growth during the next few years. Also, development of EGS technology and application of ml techniques in geothermal exploration will lead to sizable demand in the market.

The report on the geothermal drilling market covers the following areas:

Geothermal drilling market sizing
Geothermal drilling market forecast
Geothermal drilling market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading geothermal drilling market vendors that include Baker Hughes Co., Deep Rock Manufacturing Co., Drillstar Industries, Fraste Spa, GA Drilling AS, Geotech Drilling Services Ltd., Gill Rock Drill Co. Inc., Halliburton Co., Huisman Equipment BV, Hydro Resources, KCA Deutag Alpha Ltd., KONYA SONDAJ, Laibe Corp., Marton Geotechnical Services Ltd., Ormat Technologies Inc., PT Pertamina Persero, Quaise Energy, Schlumberger Ltd., SIMCO Drilling Equipment Inc., and STDS Jantz GmbH and Co. KG. Also, the geothermal drilling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Application
  - Table Executive Summary – Chart on Market Segmentation by Area
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2022
- Market outlook: Forecast for 2022-2027
  - Table Chart on Global - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
  - Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
Historic Market Size
- Global geothermal drilling market for power generation 2017 - 2021
  - Table Historic Market Size – Data Table on global geothermal drilling market for power generation 2017 - 2021 ($ million)
- Application Segment Analysis 2017 - 2021
  - Table Historic Market Size – Application Segment 2017 - 2021 ($ million)
- Area Segment Analysis 2017 - 2021
  - Table Historic Market Size – Area Segment 2017 - 2021 ($ million)
- Geography Segment Analysis 2017 - 2021
  - Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- Country Segment Analysis 2017 - 2021
  - Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2022 and 2027
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2022 and 2027
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2022 and 2027
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2022 and 2027
- Market condition
  - Table Chart on Market condition - Five forces 2022 and 2027
Market Segmentation by Application
- Market segments
  - Table Chart on Application - Market share 2022-2027 (%)
  - Table Data Table on Application - Market share 2022-2027 (%)
- Comparison by Application
  - Table Chart on Comparison by Application
  - Table Data Table on Comparison by Application
- Binary plants - Market size and forecast 2022-2027
  - Table Chart on Binary plants - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Binary plants - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Binary plants - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Binary plants - Year-over-year growth 2022-2027 (%)
- Steam plants - Market size and forecast 2022-2027
  - Table Chart on Steam plants - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Steam plants - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Steam plants - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Steam plants - Year-over-year growth 2022-2027 (%)
- Market opportunity by Application
  - Table Market opportunity by Application ($ million)
  - Table Data Table on Market opportunity by Application ($ million)
Market Segmentation by Area
- Market segments
  - Table Chart on Area - Market share 2022-2027 (%)
  - Table Data Table on Area - Market share 2022-2027 (%)
- Comparison by Area
  - Table Chart on Comparison by Area
  - Table Data Table on Comparison by Area
- Below 1000m - Market size and forecast 2022-2027
  - Table Chart on Below 1000m - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Below 1000m - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Below 1000m - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Below 1000m - Year-over-year growth 2022-2027 (%)
  - Table Chart on 1000-2000m - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on 1000-2000m - Market size and forecast 2022-2027 ($ million)
  - Table Chart on 1000-2000m - Year-over-year growth 2022-2027 (%)
  - Table Data Table on 1000-2000m - Year-over-year growth 2022-2027 (%)
- Market opportunity by Area
  - Table Market opportunity by Area ($ million)
  - Table Data Table on Market opportunity by Area ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2022-2027 (%)
  - Table Data Table on Market share by geography 2022-2027 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2022-2027
  - Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
  - Table Chart on APAC - Year-over-year growth 2022-2027 (%)
  - Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
- North America - Market size and forecast 2022-2027
  - Table Chart on North America - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
  - Table Chart on North America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on North America - Year-over-year growth 2022-2027 (%)
- Europe - Market size and forecast 2022-2027
  - Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Europe - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
- South America - Market size and forecast 2022-2027
  - Table Chart on South America - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
  - Table Chart on South America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on South America - Year-over-year growth 2022-2027 (%)
- Middle East and Africa - Market size and forecast 2022- 2027
  - Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- US - Market size and forecast 2022-2027
  - Table Chart on US - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on US - Market size and forecast 2022-2027 ($ million)
  - Table Chart on US - Year-over-year growth 2022-2027 (%)
  - Table Data Table on US - Year-over-year growth 2022-2027 (%)
- Indonesia - Market size and forecast 2022-2027
  - Table Chart on Indonesia - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Indonesia - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Indonesia - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Indonesia - Year-over-year growth 2022-2027 (%)
- The Philippines - Market size and forecast 2022-2027
  - Table Chart on The Philippines - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on The Philippines - Market size and forecast 2022-2027 ($ million)
  - Table Chart on The Philippines - Year-over-year growth 2022-2027 (%)
  - Table Data Table on The Philippines - Year-over-year growth 2022-2027 (%)
- Turkey - Market size and forecast 2022-2027
  - Table Chart on Turkey - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Turkey - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Turkey - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Turkey - Year-over-year growth 2022-2027 (%)
- New Zealand - Market size and forecast 2022-2027
  - Table Chart on New Zealand - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on New Zealand - Market size and forecast 2022-2027 ($ million)
  - Table Chart on New Zealand - Year-over-year growth 2022-2027 (%)
  - Table Data Table on New Zealand - Year-over-year growth 2022-2027 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Rising demand for energy worldwide
  - Need for efficient use of resources and reduction of emissions
  - Volatility in oil prices and increase in electricity prices boost demand for geothermal energy
- Market challenges
  - High capital investments needed to harness geothermal energy
  - Competition from alternative energy sources
  - Location- or geography-specific nature of geothermal resources
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2022 and 2027
- Market trends
  - Decarbonization initiatives
  - Development of EGS technology
  - Application of ML techniques in geothermal exploration
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Baker Hughes Co.
  - Table Baker Hughes Co. - Overview
  - Table Baker Hughes Co. - Business segments
  - Table Baker Hughes Co. - Key news
  - Table Baker Hughes Co. - Key offerings
  - Table Baker Hughes Co. - Segment focus
- Deep Rock Manufacturing Co.
  - Table Deep Rock Manufacturing Co. - Overview
  - Table Deep Rock Manufacturing Co. - Product / Service
  - Table Deep Rock Manufacturing Co. - Key offerings
- Fraste Spa
  - Table Fraste Spa - Overview
  - Table Fraste Spa - Product / Service
  - Table Fraste Spa - Key offerings
- GA Drilling AS
  - Table GA Drilling AS - Overview
  - Table GA Drilling AS - Product / Service
  - Table GA Drilling AS - Key offerings
- Geotech Drilling Services Ltd.
  - Table Geotech Drilling Services Ltd. - Overview
  - Table Geotech Drilling Services Ltd. - Product / Service
  - Table Geotech Drilling Services Ltd. - Key offerings
- Gill Rock Drill Co. Inc.
  - Table Gill Rock Drill Co. Inc. - Overview
  - Table Gill Rock Drill Co. Inc. - Product / Service
  - Table Gill Rock Drill Co. Inc. - Key offerings
- Halliburton Co.
  - Table Halliburton Co. - Overview
  - Table Halliburton Co. - Business segments
  - Table Halliburton Co. - Key news
  - Table Halliburton Co. - Key offerings
  - Table Halliburton Co. - Segment focus
- Huisman Equipment BV
  - Table Huisman Equipment BV - Overview
  - Table Huisman Equipment BV - Product / Service
  - Table Huisman Equipment BV - Key offerings
- Hydro Resources
  - Table Hydro Resources - Overview
  - Table Hydro Resources - Product / Service
  - Table Hydro Resources - Key offerings
- KCA Deutag Alpha Ltd.
  - Table KCA Deutag Alpha Ltd. - Overview
  - Table KCA Deutag Alpha Ltd. - Business segments
  - Table KCA Deutag Alpha Ltd. - Key news
  - Table KCA Deutag Alpha Ltd. - Key offerings
  - Table KCA Deutag Alpha Ltd. - Segment focus
- KONYA SONDAJ
  - Table KONYA SONDAJ - Overview
  - Table KONYA SONDAJ - Product / Service
  - Table KONYA SONDAJ - Key offerings
- Laibe Corp.
  - Table Laibe Corp. - Overview
  - Table Laibe Corp. - Product / Service
  - Table Laibe Corp. - Key offerings
- Marton Geotechnical Services Ltd.
  - Table Marton Geotechnical Services Ltd. - Overview
  - Table Marton Geotechnical Services Ltd. - Product / Service
  - Table Marton Geotechnical Services Ltd. - Key offerings
- Ormat Technologies Inc.
  - Table Ormat Technologies Inc. - Overview
  - Table Ormat Technologies Inc. - Business segments
  - Table Ormat Technologies Inc. - Key offerings
  - Table Ormat Technologies Inc. - Segment focus
- Schlumberger Ltd.
  - Table Schlumberger Ltd. - Overview
  - Table Schlumberger Ltd. - Business segments
  - Table Schlumberger Ltd. - Key news
  - Table Schlumberger Ltd. - Key offerings
  - Table Schlumberger Ltd. - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations