Geothermal Power Market: Global Market Size, Forecast, Insights, and Competitive Landscape
The global geothermal power market is expected to grow at a CAGR of around 4.9% during 2025-2034. This report on global geothermal power market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global geothermal power market by segmenting the market based on platform, model, content type, service, end user, and region. Also, detailed profiles of companies operating in the Geothermal Power market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Growing Demands for Energy from Renewable Sources
• Increasing Government Support
Market Challenges
• Initial Investments are Very High
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Power Output
• <5MW
• >5MW
Market by Type
• Binary Cycle Power Plant
• Flash Steam Plant
• Dry Steam Plant
Market by Application
• Residential
• Commercial
• Industrial
• Others
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
UAE
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Geothermal Power Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Geothermal Power Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 5. Global Geothermal Power Market by Power Output
- 5.1. Introduction
- 5.2. <5MW
- 5.3. >5MW
- 6. Global Geothermal Power Market by Type
- 6.1. Introduction
- 6.2. Binary Cycle Power Plant
- 6.3. Flash Steam Plant
- 6.4. Dry Steam Plant
- 7. Global Geothermal Power Market by Application
- 7.1. Introduction
- 7.2. Residential
- 7.3. Commercial
- 7.4. Industrial
- 7.5. Other
- 8. Global Geothermal Power Market by Region
- 8.1. Introduction
- 8.2. Europe
- 8.2.1. Germany
- 8.2.2. United Kingdom
- 8.2.3. France
- 8.2.4. Italy
- 8.2.5. Spain
- 8.2.6. Russia
- 8.2.7. Netherlands
- 8.2.8. Rest of the Europe
- 8.3. North America
- 8.3.1. United States
- 8.3.2. Canada
- 8.4. Asia Pacific
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. South Korea
- 8.4.5. Australia
- 8.4.6. Indonesia
- 8.4.7. Rest of the Asia Pacific
- 8.5. Latin America
- 8.5.1. Mexico
- 8.5.2. Brazil
- 8.5.3. Argentina
- 8.5.4. Rest of Latin America
- 8.6. Middle East & Africa
- 8.6.1. Saudi Arabia
- 8.6.2. Turkey
- 8.6.3. Iran
- 8.6.4. United Arab Emirates
- 8.6.5. Rest of Middle East & Africa
- 9. SWOT Analysis
- 10. Porter’s Five Forces
- 11. Market Value Chain Analysis
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Company Profiles
- 12.2.1. ABB
- 12.2.2. CALPINE
- 12.2.3. EDF
- 12.2.4. ENEL SPA
- 12.2.5. GENERAL ELECTRIC
- 12.2.6. GRADIENT RESOURCES
- 12.2.7. KOREA ELECTRIC POWER CORPORTION
- 12.2.8. MITSUBISHI HITACHI POWER SYSTEMS
- 12.2.9. ORMAT
- 12.2.10. SIEMENS AG
- 12.2.11. TATA POWER
- 12.2.12. TOSHIBA CORPORATION
- 12.2.13. YOKOGAWA ELECTRIC COPORATION
- List of Figures
- Figure 1: Global Geothermal Power Market (in US$ Million), 2020-2024
- Figure 2: Global Geothermal Power Market by Power Output, 2024
- Figure 3: Global Geothermal Power Market by Type, 2024
- Figure 4: Global Geothermal Power Market by Application, 2024
- Figure 5: Global Geothermal Power Market by Region, 2024
- Figure 6: Global Geothermal Power Market (in US$ Million), 2025-2034
- Figure 7: Global Geothermal Power Market by Power Output (in %), 2024 & 2034
- Figure 8: Global <5MW Geothermal Power Market (in US$ Million), 2020-2024
- Figure 9: Global <5MW Geothermal Power Market (in US$ Million), 2025-2034
- Figure 10: Global >5MW Geothermal Power Market (in US$ Million), 2020-2024
- Figure 11: Global >5MW Geothermal Power Market (in US$ Million), 2025-2034
- Figure 12: Global Geothermal Power Market by Type (in %), 2024 & 2034
- Figure 13: Global Binary Cycle Power Plant Geothermal Power Market (in US$ Million), 2020-2024
- Figure 14: Global Binary Cycle Power Plant Geothermal Power Market (in US$ Million), 2025-2034
- Figure 15: Global Flash Steam Plant Geothermal Power Market (in US$ Million), 2020-2024
- Figure 16: Global Flash Steam Plant Geothermal Power Market (in US$ Million), 2025-2034
- Figure 17: Global Dry Steam Plant Geothermal Power Market (in US$ Million), 2020-2024
- Figure 18: Global Dry Steam Plant Geothermal Power Market (in US$ Million), 2025-2034
- Figure 19: Global Geothermal Power Market by Application (in %), 2024 & 2034
- Figure 20: Global Residential Geothermal Power Market (in US$ Million), 2020-2024
- Figure 21: Global Residential Geothermal Power Market (in US$ Million), 2025-2034
- Figure 22: Global Commercial Geothermal Power Market (in US$ Million), 2020-2024
- Figure 23: Global Commercial Geothermal Power Market (in US$ Million), 2025-2034
- Figure 24: Global Industrial Geothermal Power Market (in US$ Million), 2020-2024
- Figure 25: Global Industrial Geothermal Power Market (in US$ Million), 2025-2034
- Figure 26: Global Others Geothermal Power Market (in US$ Million), 2020-2024
- Figure 27: Global Others Geothermal Power Market (in US$ Million), 2025-2034
- Figure 28: Global Geothermal Power Market by Region (in %), 2024 & 2034
- Figure 29: Europe Geothermal Power Market (in US$ Million), 2020-2024
- Figure 30: Europe Geothermal Power Market (in US$ Million), 2025-2034
- Figure 31: Europe Geothermal Power Market by Country (in %), 2024 & 2034
- Figure 32: Germany Geothermal Power Market (in US$ Million), 2020-2034
- Figure 33: United Kingdom Geothermal Power Market (in US$ Million), 2020-2034
- Figure 34: France Geothermal Power Market (in US$ Million), 2020-2034
- Figure 35: Italy Geothermal Power Market (in US$ Million), 2020-2034
- Figure 36: Spain Geothermal Power Market (in US$ Million), 2020-2034
- Figure 37: Russia Geothermal Power Market (in US$ Million), 2020-2034
- Figure 38: Netherlands Geothermal Power Market (in US$ Million), 2020-2034
- Figure 39: North America Geothermal Power Market (in US$ Million), 2020-2024
- Figure 40: North America Geothermal Power Market (in US$ Million), 2025-2034
- Figure 41: North America Geothermal Power Market by Country (in %), 2024 & 2034
- Figure 42: United States Geothermal Power Market (in US$ Million), 2020-2034
- Figure 43: Canada Geothermal Power Market (in US$ Million), 2020-2034
- Figure 44: Asia Pacific Geothermal Power Market (in US$ Million), 2020-2024
- Figure 45: Asia Pacific Geothermal Power Market (in US$ Million), 2025-2034
- Figure 46: Asia Pacific Geothermal Power Market by Country (in %), 2024 & 2034
- Figure 47: China Geothermal Power Market (in US$ Million), 2020-2034
- Figure 48: Japan Geothermal Power Market (in US$ Million), 2020-2034
- Figure 49: India Geothermal Power Market (in US$ Million), 2020-2034
- Figure 50: South Korea Geothermal Power Market (in US$ Million), 2020-2034
- Figure 51: Australia Geothermal Power Market (in US$ Million), 2020-2034
- Figure 52: Indonesia Geothermal Power Market (in US$ Million), 2020-2034
- Figure 53: Latin America Geothermal Power Market (in US$ Million), 2020-2024
- Figure 54: Latin America Geothermal Power Market (in US$ Million), 2025-2034
- Figure 55: Latin America Geothermal Power Market by Country (in %), 2024 & 2034
- Figure 56: Mexico Geothermal Power Market (in US$ Million), 2020-2034
- Figure 57: Brazil Geothermal Power Market (in US$ Million), 2020-2034
- Figure 58: Argentina Geothermal Power Market (in US$ Million), 2020-2034
- Figure 59: Middle East & Africa Geothermal Power Market (in US$ Million), 2020-2024
- Figure 60: Middle East & Africa Geothermal Power Market (in US$ Million), 2025-2034
- Figure 61: Middle East & Africa Geothermal Power Market by Country (in %), 2024 & 2034
- Figure 62: Saudi Arabia Geothermal Power Market (in US$ Million), 2020-2034
- Figure 63: Turkey Geothermal Power Market (in US$ Million), 2020-2034
- Figure 64: Iran Geothermal Power Market (in US$ Million), 2020-2034
- Figure 65: UAE Geothermal Power Market (in US$ Million), 2020-2034
- Figure 66: Market Value Chain
- List of Tables
- Table 1: Global Geothermal Power Market Portraiture
- Table 2: Global Geothermal Power Market by Power Output (in US$ Million), 2024 & 2034
- Table 3: Global Geothermal Power Market by Type (in US$ Million), 2024 & 2034
- Table 4: Global Geothermal Power Market by Application (in US$ Million), 2024 & 2034
- Table 5: Global Geothermal Power Market by Region (in US$ Million), 2024 & 2034
- Table 6: Europe Geothermal Power Market by Country (in US$ Million), 2024 & 2034
- Table 7: North America Geothermal Power Market by Country (in US$ Million), 2024 & 2034
- Table 8: Asia Pacific Geothermal Power Market by Country (in US$ Million), 2024 & 2034
- Table 9: Latin America Geothermal Power Market by Country (in US$ Million), 2024 & 2034
- Table 10: Middle East & Africa Geothermal Power Market by Country (in US$ Million), 2024 & 2034
- Table 11: List of Key Players
Research Assistance
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