Global Geothermal Energy Market Growth (Status and Outlook) 2025-2031

The global Geothermal Energy market size is predicted to grow from US$ 137220 million in 2025 to US$ 212150 million in 2031; it is expected to grow at a CAGR of 7.5% from 2025 to 2031.

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In terms of type, there are two types of geothermal energy: hydrothermal geothermal energy and hot dry rock geothermal energy, of which the hot dry rock geothermal energy holds the biggest share over 90%. And in terms of application, direct use and geothermal power are the main applications of geothermal energy.The direct use is the largest application that holds a share about 87%. The main players are Energy Development, misión Federal de Electricidad and Ormat, etc.

LPI (LP Information)' newest research report, the “Geothermal Energy Industry Forecast” looks at past sales and reviews total world Geothermal Energy sales in 2024, providing a comprehensive analysis by region and market sector of projected Geothermal Energy sales for 2025 through 2031. With Geothermal Energy sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Geothermal Energy industry.

This Insight Report provides a comprehensive analysis of the global Geothermal Energy landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Geothermal Energy portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Geothermal Energy market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Geothermal Energy and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Geothermal Energy.

This report presents a comprehensive overview, market shares, and growth opportunities of Geothermal Energy market by product type, application, key players and key regions and countries.

Segmentation by Type:
Hydrothermal Geothermal Energy
Hot Dry Rock Geothermal Energy

Segmentation by Application:
Direct Use
Geothermal Power

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.