Market Overview:
The global geothermal power generation market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for clean and renewable energy sources across the globe. In addition, government initiatives and policies supporting the deployment of geothermal power plants are also contributing to the growth of this market. The global geothermal power generation market is segmented on the basis of type, application, and region.
Product Definition:
Geothermal power generation is the process of generating electrical power from the earth's thermal energy. The thermal energy in the Earth comes from radioactive decay and residual heat from formation of the planet. Geothermal reservoirs are located near tectonic plate boundaries, where hot spots, volcanic activity or geysers are found.
The importance of geothermal power generation is that it is a renewable resource that does not produce emissions like other forms of electrical generation such as coal-fired plants. Additionally, it can be used to generate direct heat for industrial processes or district heating schemes.
Back Pressure:
Back pressure is defined as the pressure which exists between the geothermal reservoir and the power generation plant. It depends on various factors such as type of geothermal system, flow rate, distance from source and capacity of equipment. The backpressure in a natural geyser is usually around 0 - 5 bars (0 - 60kPa), whereas in man-made systems it can be higher than 20 bars (0 - 600kPa).
Binary:
Binary is a combination of two distinct elements, which are used to generate geothermal power. The most commonly used binary plants include one or more dry heaters and one or more wet generators. These systems can be utilized for various applications including space heating, cooling, domestic hot water generation and central heating among others.
Application Insights:
Dry steam power stations dominated the global industry, accounting for over 75% of the total installed capacity in 2017. These plants use the geothermal steam to drive a conventional boiler and produce electricity through turbines. The generated electricity is then transmitted to homes through an overhead cable system.
The growing demand for energy in countries such as Japan and China has resulted in increased investments from both domestic and foreign players in these regions. Countries such as Japan have made significant efforts towards increasing its reliance on renewable sources of energy including solar, wind and geothermal due to environmental concerns regarding greenhouse gas emissions resulting from burning fossil fuels like coal and oil which contribute towards global warming.
Regional Analysis:
Asia Pacific accounted for the largest share of more than 45% in 2017. The region is expected to continue its dominance over the forecast period owing to increasing geothermal power generation projects in countries such as Indonesia, Philippines, and China. Furthermore, growing awareness regarding renewable energy sources and government support are anticipated to drive the market growth over the next eight years.
The European Commission has introduced several initiatives such as Horizon 2020 Strategy and National Renewable Energy Action Plans (NREAPs) that provide a framework for promoting geothermal power generation across Europe. Moreover, favorable government policies aimed at reducing carbon emissions coupled with growing awareness about GHG emissions reduction technologies are expected to boost market growth during the forecast period from 2018 to 2030 in this region.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting renewable energy sources over traditional ones
- Rising prices of conventional fuels such as coal, oil, and natural gas
- Technological advancements making geothermal power generation more efficient
- Growing awareness about the benefits of using geothermal energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Geothermal Power Generation Market Research Report
By Type
Back Pressure, Binary, Double Flash, Dry Steam, Single Flash, Triple Flash
By Application
Dry Steam Power Stations, Flash Steam Power Stations, Binary Cycle Power Stations
By Companies
Chevron, Calpine, Energy Development, Comisión Federal de Electricidad, Enel Green Power, KenGen, Contact Energy, Orkuveita Reykjavikur, Pertamina Geothermal Energy, CalEnergy Generation, Star Energy Ltd, Northern California Power Agency, Terra-Gen, LLC, ORMAT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Geothermal Power Generation Market Report Segments:
The global Geothermal Power Generation market is segmented on the basis of:
Types
Back Pressure, Binary, Double Flash, Dry Steam, Single Flash, Triple Flash
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dry Steam Power Stations, Flash Steam Power Stations, Binary Cycle Power Stations
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chevron
- Calpine
- Energy Development
- Comisión Federal de Electricidad
- Enel Green Power
- KenGen
- Contact Energy
- Orkuveita Reykjavikur
- Pertamina Geothermal Energy
- CalEnergy Generation
- Star Energy Ltd
- Northern California Power Agency
- Terra-Gen, LLC
- ORMAT
Highlights of The Geothermal Power Generation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Back Pressure
- Binary
- Double Flash
- Dry Steam
- Single Flash
- Triple Flash
- By Application:
- Dry Steam Power Stations
- Flash Steam Power Stations
- Binary Cycle Power Stations
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Geothermal Power Generation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Geothermal power generation is the use of hot water, steam, or other thermal energy from the earth's surface to generate electricity. Geothermal resources are found near the Earth's surface in areas where there is enough heat to create a geothermal field.
Some of the key players operating in the geothermal power generation market are Chevron, Calpine, Energy Development, ComisiƒÂ³n Federal de Electricidad, Enel Green Power, KenGen, Contact Energy, Orkuveita Reykjavikur, Pertamina Geothermal Energy, CalEnergy Generation, Star Energy Ltd, Northern California Power Agency, Terra-Gen, LLC, ORMAT.
The geothermal power generation market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Geothermal Power Generation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Geothermal Power Generation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Geothermal Power Generation Market - Supply Chain
4.5. Global Geothermal Power Generation Market Forecast
4.5.1. Geothermal Power Generation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Geothermal Power Generation Market Size (000 Units) and Y-o-Y Growth
4.5.3. Geothermal Power Generation Market Absolute $ Opportunity
5. Global Geothermal Power Generation Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Geothermal Power Generation Market Size and Volume Forecast by Type
5.3.1. Back Pressure
5.3.2. Binary
5.3.3. Double Flash
5.3.4. Dry Steam
5.3.5. Single Flash
5.3.6. Triple Flash
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Geothermal Power Generation Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Geothermal Power Generation Market Size and Volume Forecast by Application
6.3.1. Dry Steam Power Stations
6.3.2. Flash Steam Power Stations
6.3.3. Binary Cycle Power Stations
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Geothermal Power Generation Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Geothermal Power Generation Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Geothermal Power Generation Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Geothermal Power Generation Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Geothermal Power Generation Demand Share Forecast, 2019-2026
9. North America Geothermal Power Generation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Geothermal Power Generation Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Geothermal Power Generation Market Size and Volume Forecast by Application
9.4.1. Dry Steam Power Stations
9.4.2. Flash Steam Power Stations
9.4.3. Binary Cycle Power Stations
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Geothermal Power Generation Market Size and Volume Forecast by Type
9.7.1. Back Pressure
9.7.2. Binary
9.7.3. Double Flash
9.7.4. Dry Steam
9.7.5. Single Flash
9.7.6. Triple Flash
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Geothermal Power Generation Demand Share Forecast, 2019-2026
10. Latin America Geothermal Power Generation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Geothermal Power Generation Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Geothermal Power Generation Market Size and Volume Forecast by Application
10.4.1. Dry Steam Power Stations
10.4.2. Flash Steam Power Stations
10.4.3. Binary Cycle Power Stations
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Geothermal Power Generation Market Size and Volume Forecast by Type
10.7.1. Back Pressure
10.7.2. Binary
10.7.3. Double Flash
10.7.4. Dry Steam
10.7.5. Single Flash
10.7.6. Triple Flash
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Geothermal Power Generation Demand Share Forecast, 2019-2026
11. Europe Geothermal Power Generation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Geothermal Power Generation Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Geothermal Power Generation Market Size and Volume Forecast by Application
11.4.1. Dry Steam Power Stations
11.4.2. Flash Steam Power Stations
11.4.3. Binary Cycle Power Stations
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Geothermal Power Generation Market Size and Volume Forecast by Type
11.7.1. Back Pressure
11.7.2. Binary
11.7.3. Double Flash
11.7.4. Dry Steam
11.7.5. Single Flash
11.7.6. Triple Flash
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Geothermal Power Generation Demand Share, 2019-2026
12. Asia Pacific Geothermal Power Generation Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Geothermal Power Generation Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Geothermal Power Generation Market Size and Volume Forecast by Application
12.4.1. Dry Steam Power Stations
12.4.2. Flash Steam Power Stations
12.4.3. Binary Cycle Power Stations
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Geothermal Power Generation Market Size and Volume Forecast by Type
12.7.1. Back Pressure
12.7.2. Binary
12.7.3. Double Flash
12.7.4. Dry Steam
12.7.5. Single Flash
12.7.6. Triple Flash
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Geothermal Power Generation Demand Share, 2019-2026
13. Middle East & Africa Geothermal Power Generation Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Geothermal Power Generation Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Geothermal Power Generation Market Size and Volume Forecast by Application
13.4.1. Dry Steam Power Stations
13.4.2. Flash Steam Power Stations
13.4.3. Binary Cycle Power Stations
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Geothermal Power Generation Market Size and Volume Forecast by Type
13.7.1. Back Pressure
13.7.2. Binary
13.7.3. Double Flash
13.7.4. Dry Steam
13.7.5. Single Flash
13.7.6. Triple Flash
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Geothermal Power Generation Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Geothermal Power Generation Market: Market Share Analysis
14.2. Geothermal Power Generation Distributors and Customers
14.3. Geothermal Power Generation Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chevron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Calpine
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Energy Development
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Comisión Federal de Electricidad
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Enel Green Power
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KenGen
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Contact Energy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Orkuveita Reykjavikur
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pertamina Geothermal Energy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CalEnergy Generation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Star Energy Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Northern California Power Agency
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Terra-Gen, LLC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ORMAT
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
