Geothermal Energy Market Growth, Trends and Forecast 2024

The latest trending report on global Geothermal Energy Market research offered by Global Market Insights is an informative study covering the market with detailed analysis, the report will assist reader with better understanding and decision making.

With the extensive global attempts to eliminate hazardous fuel emissions, geothermal energy market is on its way to establish itself as one of the most dynamically evolving energy markets of recent times. Geothermal energy, virtually considered the underdog among renewable energies, had been slightly lagging in development compared to the other forms of renewable energy, for a long time. With its commendable proliferation pertaining to the global requirement for electric supply and the subsequent upsurge in the demand for geothermal-based power, geothermal energy industry size, as per Global Market Insights, Inc., has been estimated to cross USD 57 billion by 2024. The World Energy Council forecasts that geothermal energy can cater to more than 8% of the world’s power supply, a factor that is likely to propel the revenue-generating potential of Geothermal Energy Market over the years to come.

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Geothermal energy basically entails harnessing heat from the earth’s crust – from shallow backyards to deep wells. Having gradually established its place in the global energy landscape, geothermal energy industry size, say experts, will escalate remarkably over the span of the next few years. Scientists affirm that harnessing geothermal energy for power production could contribute heavily toward safeguarding the environment from carbon emissions. Statistics depicting the vast penetration of geothermal energy market are enumerated as follows:

  • In 2012, the U.S. National Renewable Energy Laboratory (NREL) declared that the geothermal facilities in 13 states have a capacity of 38,000 MW, which can generate 308 million MWh of power per year.
  • The year 2013 recorded a utility-scale geothermal capacity of more than 11,700 MW on a global level, which produced around 68 billion KWh, sufficient enough to fulfill the power requirement of more than 6 million U.S. homes.

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Europe is the pioneer of renewable energy market, and by extension, geothermal energy industry, subject to a plethora of drivers, including energy reforms, suitable locations, government initiatives, and a rising need to promote green energy.

While the aforementioned regions are already at the helm of geothermal energy industry, there are many other untapped regions, such as Brazil, Chile, China, and India, which are likely to emerge as lucrative avenues for the growth of geothermal energy market. In fact, recent reports suggest that in a bid to expand its renewable energy capacity, India aims to harness 10 GW of geothermal energy by 2030 via strategic collaborations with New Zealand, U.S., and Mexico. The country has also declared that it intends to achieve 175 GW of renewable electricity by 2022, which will substantially impact the regional geothermal energy industry. Many other regions have been reported to still be in the nascent stage of geothermal energy market development, however, experts say that the increasing environmental issues cause due to fuel-based power will lead countries to look out for green avenues, and will be a major factor propelling the growth of geothermal energy market.

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Partial Table of Contents (ToC) of the Geothermal Energy Market report:

Chapter 4. Geothermal Energy Market, By Technology

4.1. Global market share by technology, 2016 & 2024

4.2. Binary

4.2.1.   Binary market, 2013 – 2024

4.2.2.   Binary market volume by region, 2013 – 2024

4.2.3.   Binary market revenue by region, 2013 – 2024

4.3. Single Flash

4.3.1.   Single flash market, 2013 – 2024

4.3.2.   Single flash market volume by region, 2013 – 2024

4.3.3.   Single flash market revenue by region, 2013 – 2024

4.4. Double Flash

4.4.1.   Double flash mounted market, 2013 – 2024

4.4.2.   Double flash market volume by region, 2013 – 2024

4.4.3.   Double flash market revenue by region, 2013 – 2024

4.5. Triple Flash

4.5.1.   Double flash mounted market, 2013 – 2024

4.5.2.   Double flash market volume by region, 2013 – 2024

4.5.3.   Double flash market revenue by region, 2013 – 2024

4.6. Dry

4.6.1.   Dry market, 2013 – 2024

4.6.2.   Dry market volume by region, 2013 – 2024

4.6.3.   Dry market revenue by region, 2013 – 2024

4.7. Back Pressure

4.7.1.   Back Pressure mounted market, 2013 – 2024

4.7.2.   Back Pressure market volume by region, 2013 – 2024

4.7.3.   Back Pressure market revenue by region, 2013 – 2024

Chapter 5.   Geothermal Energy Market, By Region

5.1.   Global market share by region, 2016 & 2024

5.2.    North America

5.2.1.  Market estimates and forecast, 2013 – 2024

5.2.2.   Market estimates and forecast, by technology, 2013 – 2024

5.2.3.   U.S.

5.2.3.1.    Market estimates and forecast, 2013 – 2024

5.2.3.2.    Market estimates and forecast, by technology, 2013 – 2024

5.2.4.  Mexico

5.2.4.1.    Market estimates and forecast, 2013 – 2024

5.2.4.2.    Market estimates and forecast, by technology, 2013 – 2024

5.3. Europe

5.3.1.  Market estimates and forecast, 2013 – 2024

5.3.2.   Market estimates and forecast, by technology, 2013 – 2024

5.3.3.   Turkey

5.3.3.1.    Market estimates and forecast, 2013 – 2024

5.3.3.2.    Market estimates and forecast, by technology, 2013 – 2024

5.3.4.  Iceland

5.3.4.1.    Market estimates and forecast, 2013 – 2024

5.3.4.2.    Market estimates and forecast, by technology, 2013 – 2024

5.3.5.  Italy

5.3.5.1.    Market estimates and forecast, 2013 – 2024

5.3.5.2.    Market estimates and forecast, by technology, 2013 – 2024

5.3.6.  Germany

5.3.6.1.    Market estimates and forecast, 2013 – 2024

5.3.6.2.    Market estimates and forecast, by technology, 2013 – 2024

5.4. Asia Pacific

5.4.1.  Market estimates and forecast, 2013 – 2024

5.4.2.   Market estimates and forecast, by technology, 2013 – 2024

5.4.3.   China

5.4.3.1.    Market estimates and forecast, 2013 – 2024

5.4.3.2.    Market estimates and forecast, by technology, 2013 – 2024

5.4.4.  Philippines

5.4.4.1.    Market estimates and forecast, 2013 – 2024

5.4.4.2.    Market estimates and forecast, by technology, 2013 – 2024

5.4.5.  Indonesia

5.4.5.1.    Market estimates and forecast, 2013 – 2024

5.4.5.2.    Market estimates and forecast, by technology, 2013 – 2024

5.4.6.  New Zealand

5.4.6.1.    Market estimates and forecast, 2013 – 2024

5.4.6.2.    Market estimates and forecast, by technology, 2013 – 2024

5.4.7.  Japan

5.4.7.1.    Market estimates and forecast, 2013 – 2024

5.4.7.2.    Market estimates and forecast, by technology, 2013 – 2024

5.5. Latin America

5.5.1.  Market estimates and forecast, 2013 – 2024

5.5.2.   Market estimates and forecast, by technology, 2013 – 2024

5.5.3.   Costa Rica

5.5.3.1.    Market estimates and forecast, 2013 – 2024

5.5.3.2.    Market estimates and forecast, by technology, 2013 – 2024

5.5.4.  El Salvador

5.5.4.1.    Market estimates and forecast, 2013 – 2024

5.5.4.2.    Market estimates and forecast, by technology, 2013 – 2024

5.5.5.  Nicaragua

5.5.5.1.    Market estimates and forecast, 2013 – 2024

5.5.5.2.    Market estimates and forecast, by technology, 2013 – 2024

5.5.6.  Guatemala

5.5.6.1.    Market estimates and forecast, 2013 – 2024

5.5.6.2.    Market estimates and forecast, by technology, 2013 – 2024

5.6. Middle East & Africa

5.6.1.  Market estimates and forecast, 2013 – 2024

5.6.2.   Market estimates and forecast, by technology, 2013 – 2024

5.6.3.   Kenya

5.6.3.1.    Market estimates and forecast, 2013 – 2024

5.6.3.2.    Market estimates and forecast, by technology, 2013 – 2024

5.6.4.  Ethiopia

5.6.4.1.    Market estimates and forecast, 2013 – 2024

5.6.4.2.    Market estimates and forecast, by technology, 2013 – 2024

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