Global Geothermal Power Generation Market Growth 2023-2029

Global Geothermal Power Generation Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Geothermal Power Generation Industry Forecast” looks at past sales and reviews total world Geothermal Power Generation sales in 2022, providing a comprehensive analysis by region and market sector of projected Geothermal Power Generation sales for 2023 through 2029. With Geothermal Power Generation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Geothermal Power Generation industry.

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Geothermal Power Generation 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 Power Generation.

The global Geothermal Power Generation market size is projected to grow from US$ 24500 million in 2022 to US$ 39200 million in 2029; it is expected to grow at a CAGR of 39200 from 2023 to 2029.

Global core geothermal power generation manufacturers include Energy Development, Comisión Federal de Electricidad etc.The top 3 companies hold a share about 20%.Asia Pacific is the largest market, with a share about 36%, followed by North America and Europe with the share about 30% and 12%.

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

Market Segmentation:

Segmentation by type
Dry Steam Stations
Flash Steam Power Stations
Binary Cycle Stations

Segmentation by application
Residential
Industrial
Others

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Geothermal Power Generation market?

What factors are driving Geothermal Power Generation market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Geothermal Power Generation market opportunities vary by end market size?

How does Geothermal Power Generation break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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