Global Geothermal Power Generation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Geothermal Power Generation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

In geothermal power generation, magma reservoirs heat groundwater into high-temperature and high-pressure steam, which is used to drive turbines to generate electricity. Geothermal power generation generates electricity by effectively using geothermal energy stored relatively close to the surface of the earth. As a renewable clean energy, it does not emit any environmental pollutants, such as carbon dioxide, which has attracted people's attention.

Market Overview:

The latest research study on the global Geothermal Power Generation market finds that the global Geothermal Power Generation market reached a value of USD 11642.87 million in 2022. It’s expected that the market will achieve USD 17526.48 million by 2028, exhibiting a CAGR of 7.05% during the forecast period.

Region Overview:

Geographically, Asia Pacific held the largest market share – 43.8% in 2022.

Company Overview:

Energy Development is one of the major players operating in the Geothermal Power Generation market, holding a share of 5.66% in 2023.

Energy Development

Energy Development Corporation (EDC) is the Philippines' largest geothermal energy producer and the world's second largest geothermal energy producer. It is involved in geothermal, hydroelectric power and wind energy projects.

Comisión Federal de Electricidad

Comisión Federal de Electricidad is Mexico's state-owned power company. It is not only the country's main power company, but also the second largest and most powerful state-owned company after Pemex. The Mexican Constitution stipulates that the government should be responsible for the control and development of the national power industry, and CFE should fulfill this mission.

Segmentation Overview:

As for product types, the Single Flash segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Flash steam power stations, with a market share of 62.18% in 2022.

Key Companies in the global Geothermal Power Generation market covered in Chapter 3:

Pertamina Geothermal Energy
Enel Green Power
KenGen
Calpine
Energy Development
ORMAT
Star Energy Ltd
Chevron
Terra-Gen,LLC
Orkuveita Reykjavikur
Contact Energy
Comision Federal de Electricidad
Northern California Power Agency
CalEnergy Generation

In Chapter 4 and Chapter 14.2, on the basis of types, the Geothermal Power Generation market from 2018 to 2029 is primarily split into:

Back Pressure
Binary
Double Flash
Dry Steam
Single Flash

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Geothermal Power Generation market from 2018 to 2029 covers:

Dry steam power stations
Flash steam power stations
Binary cycle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)