Geothermal Energy market is expected to grow from USD 5.16 billion in 2019 to USD 7.79 billion by 2026 at a CAGR of 6% from 2020 to 2026.
Geothermal power is a stable and independent power generation system, which uses the warm vitality of the earth's magma to supply power. Geothermal power plants use the steam that is produced from predicament found around a mile or more below the surface to rotate turbines that start a generator, which further produces electricity. Three sorts of geothermal power plants are operating presently, which include binary cycle, dry steam, and flash steam. Government organizations are fixing efforts to scale back the dependency on oil for domestic energy use. To do so, several activities are explored and exploited to use renewable energy resources as an alternate energy source. For achieving this goal, the govt of Indonesia formulated a National Energy Policy, which involves guidelines for intensification, conservation, and diversification of energy. The global market is segregated on the basis of Product as Direct Dry Steam Plant, Binary Plant, and Flash Plant. Based on Application, the market is segmented in Residential, Industrial, and Commercial.
The global market report provides geographical analysis covering regions, such as The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Mitsubishi Heavy Industries, Berkshire Hathaway Energy, Enel Green Power North America Inc., Toshiba International Corp., Hyundai, Chevron Corporation, Pertamina Geothermal Energy, Energy Development Corporation, Aboitiz Power, Ormat Industries, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Geothermal Energy market has been segmented as below:
By Product
By Application
Geothermal Energy Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include Mitsubishi Heavy Industries, Berkshire Hathaway Energy, Enel Green Power North America Inc., Toshiba International Corp., Hyundai, Chevron Corporation, Pertamina Geothermal Energy, Energy Development Corporation, Aboitiz Power, Ormat Industries, and others.
Why to Buy this Report:
Target Audience:
The report targeted the existing players in the industry is as follows:
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Report Content
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5.1 Introduction
5.2 Direct Dry Steam Plant
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Binary Plant
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Flash Plant
5.4.1 Market Overview
5.4.2 Market Size and Forecast
6.1 Introduction
6.2 Residential
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Industrial
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Commercial
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7.1 Introduction
7.2 Europe
7.2.1 Europe Market, By Product
7.2.2 Europe Market, By Application
7.3 North America
7.3.1 North America Market, By Product
7.3.2 North America Market, By Application
7.4 Asia Pacific
7.4.1 Asia Pacific Market, By Product
7.4.2 Asia Pacific Market, By Application
7.5 Rest of The World
7.5.1 Rest of The World Market, By Product
7.5.2 Rest of The World Market, By Application
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
(Overview, Key Financials, Recent Developments, Product and Service Offering)
The global Geothermal Energy market has been segmented as below:
By Product
By Application
Geothermal Energy Market, By Company