Global Geothermal Power Market Growth 2023-2029

Global Geothermal Power Market Growth 2023-2029

Geothermal power generation refers to taking geothermal energy as the power source to drive the generator to generate electricity. Geothermal power generation technology can be divided into dry steam, flash steam and binary cycle power plant and others. At present, 29 countries or regions in the world have geothermal power generation operation, with a total installed capacity of 15400 MW by the end of 2019. The countries with the largest installed capacity include the United States, Indonesia, the Philippines, New Zealand, etc.

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

This Insight Report provides a comprehensive analysis of the global Geothermal Power 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Geothermal Power market.

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

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

Global core geothermal power 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 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 market?

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

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

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

How does Geothermal Power 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.