Geothermal Power Market Size 2024-2028
The geothermal power market size is forecast to increase by USD 9.12 billion at a CAGR of 21.1% between 2023 and 2028. The market is witnessing significant growth due to increasing investments and government initiatives in renewable energy sources. The market is driven by the rising geothermal capacity, which is expected to increase energy security and reduce reliance on nuclear power and traditional fossil fuels. This clean energy source offers low atmospheric pollution during electricity generation, making it an attractive alternative to traditional fossil fuel-based power plants. However, the high initial capital investments required for drilling wells and establishing production wells in geothermal power plants pose a challenge to market growth. Despite this, the potential for geothermal energy to meet the increasing electricity consumption demands makes it an attractive option for power generation. The market analysis report provides a comprehensive study of these trends and challenges, offering insights into the future growth prospects of the market.
What will be the Size of the Market During the Forecast Period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Geothermal Power Market 2018 - 2022
- Historic Market Size - Data Table on Global Geothermal Power Market 2018 - 2022 ($ million)
- 4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
- 6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 6.3 Flash - Market size and forecast 2023-2028
- Chart on Flash - Market size and forecast 2023-2028 ($ million)
- Data Table on Flash - Market size and forecast 2023-2028 ($ million)
- Chart on Flash - Year-over-year growth 2023-2028 (%)
- Data Table on Flash - Year-over-year growth 2023-2028 (%)
- 6.4 Binary - Market size and forecast 2023-2028
- Chart on Binary - Market size and forecast 2023-2028 ($ million)
- Data Table on Binary - Market size and forecast 2023-2028 ($ million)
- Chart on Binary - Year-over-year growth 2023-2028 (%)
- Data Table on Binary - Year-over-year growth 2023-2028 (%)
- 6.5 Dry steam - Market size and forecast 2023-2028
- Chart on Dry steam - Market size and forecast 2023-2028 ($ million)
- Data Table on Dry steam - Market size and forecast 2023-2028 ($ million)
- Chart on Dry steam - Year-over-year growth 2023-2028 (%)
- Data Table on Dry steam - Year-over-year growth 2023-2028 (%)
- 6.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
- 7.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 7.3 Industrial - Market size and forecast 2023-2028
- Chart on Industrial - Market size and forecast 2023-2028 ($ million)
- Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
- Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Data Table on Industrial - Year-over-year growth 2023-2028 (%)
- 7.4 Commercial - Market size and forecast 2023-2028
- Chart on Commercial - Market size and forecast 2023-2028 ($ million)
- Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
- Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial - Year-over-year growth 2023-2028 (%)
- 7.5 Residential - Market size and forecast 2023-2028
- Chart on Residential - Market size and forecast 2023-2028 ($ million)
- Data Table on Residential - Market size and forecast 2023-2028 ($ million)
- Chart on Residential - Year-over-year growth 2023-2028 (%)
- Data Table on Residential - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 Indonesia - Market size and forecast 2023-2028
- Chart on Indonesia - Market size and forecast 2023-2028 ($ million)
- Data Table on Indonesia - Market size and forecast 2023-2028 ($ million)
- Chart on Indonesia - Year-over-year growth 2023-2028 (%)
- Data Table on Indonesia - Year-over-year growth 2023-2028 (%)
- 9.10 Philippines - Market size and forecast 2023-2028
- Chart on Philippines - Market size and forecast 2023-2028 ($ million)
- Data Table on Philippines - Market size and forecast 2023-2028 ($ million)
- Chart on Philippines - Year-over-year growth 2023-2028 (%)
- Data Table on Philippines - Year-over-year growth 2023-2028 (%)
- 9.11 New Zealand - Market size and forecast 2023-2028
- Chart on New Zealand - Market size and forecast 2023-2028 ($ million)
- Data Table on New Zealand - Market size and forecast 2023-2028 ($ million)
- Chart on New Zealand - Year-over-year growth 2023-2028 (%)
- Data Table on New Zealand - Year-over-year growth 2023-2028 (%)
- 9.12 Turkey - Market size and forecast 2023-2028
- Chart on Turkey - Market size and forecast 2023-2028 ($ million)
- Data Table on Turkey - Market size and forecast 2023-2028 ($ million)
- Chart on Turkey - Year-over-year growth 2023-2028 (%)
- Data Table on Turkey - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Aboitiz Power Corp.
- Aboitiz Power Corp. - Overview
- Aboitiz Power Corp. - Business segments
- Aboitiz Power Corp. - Key offerings
- Aboitiz Power Corp. - Segment focus
- 12.4 Calpine Corp.
- Calpine Corp. - Overview
- Calpine Corp. - Product / Service
- Calpine Corp. - Key offerings
- 12.5 DEEP Earth Energy Production Corp.
- DEEP Earth Energy Production Corp. - Overview
- DEEP Earth Energy Production Corp. - Product / Service
- DEEP Earth Energy Production Corp. - Key offerings
- 12.6 Enel Spa
- Enel Spa - Overview
- Enel Spa - Product / Service
- Enel Spa - Key news
- Enel Spa - Key offerings
- 12.7 Energy Development Corp.
- Energy Development Corp. - Overview
- Energy Development Corp. - Business segments
- Energy Development Corp. - Key offerings
- Energy Development Corp. - Segment focus
- 12.8 EnergySource LLC
- EnergySource LLC - Overview
- EnergySource LLC - Product / Service
- EnergySource LLC - Key offerings
- 12.9 First Gen Corp
- First Gen Corp - Overview
- First Gen Corp - Product / Service
- First Gen Corp - Key offerings
- 12.10 Geotherm Inc.
- Geotherm Inc. - Overview
- Geotherm Inc. - Product / Service
- Geotherm Inc. - Key offerings
- 12.11 Geothermal Engineering Ltd.
- Geothermal Engineering Ltd. - Overview
- Geothermal Engineering Ltd. - Product / Service
- Geothermal Engineering Ltd. - Key offerings
- 12.12 HS Orka
- HS Orka - Overview
- HS Orka - Product / Service
- HS Orka - Key offerings
- 12.13 Innergex Renewable Energy Inc.
- Innergex Renewable Energy Inc. - Overview
- Innergex Renewable Energy Inc. - Business segments
- Innergex Renewable Energy Inc. - Key offerings
- Innergex Renewable Energy Inc. - Segment focus
- 12.14 Kenya Electricity Generating Company PLC
- Kenya Electricity Generating Company PLC - Overview
- Kenya Electricity Generating Company PLC - Product / Service
- Kenya Electricity Generating Company PLC - Key offerings
- 12.15 KYUSHU ELECTRIC POWER CO., INC.
- KYUSHU ELECTRIC POWER CO., INC. - Overview
- KYUSHU ELECTRIC POWER CO., INC. - Business segments
- KYUSHU ELECTRIC POWER CO., INC. - Key offerings
- KYUSHU ELECTRIC POWER CO., INC. - Segment focus
- 12.16 NTPC Ltd.
- NTPC Ltd. - Overview
- NTPC Ltd. - Product / Service
- NTPC Ltd. - Key offerings
- 12.17 Ormat Technologies Inc.
- Ormat Technologies Inc. - Overview
- Ormat Technologies Inc. - Business segments
- Ormat Technologies Inc. - Key offerings
- Ormat Technologies Inc. - Segment focus
13 Appendix
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations
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