Product Code: ENE0583
The global Geothermal Power market is projected to grow at a CAGR of 5% by 2033.
“The Geothermal Power Market Report 2023-2033”: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Tapping into the Earth's Green Energy Reservoir
One of the primary drivers for the global geothermal power market is its role in the transition to renewable energy sources. Geothermal power harnesses the Earth's natural heat from beneath the surface, providing a reliable and sustainable energy source. As countries seek to reduce their reliance on fossil fuels and mitigate climate change, geothermal energy offers a clean and constant source of electricity, making it a key player in the global renewable energy landscape.
Green Energy with Minimal Carbon Footprint
Geothermal power is renowned for its low carbon emissions. Unlike fossil fuels, geothermal energy systems produce minimal greenhouse gases and pollutants during electricity generation. As the world becomes increasingly focused on reducing carbon emissions to combat climate change, the environmental benefits of geothermal power make it an attractive choice for both developed and developing economies looking to decarbonize their energy sectors.
What Questions Should You Ask before Buying a Market Research Report?
- How is the geothermal power market evolving?
- What is driving and restraining the geothermal power market?
- How will each geothermal power submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
- How will the market shares for each geothermal power submarket develop from 2023 to 2033?
- What will be the main driver for the overall market from 2023 to 2033?
- Will leading geothermal power markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
- Who are the leading players and what are their prospects over the forecast period?
- What are the geothermal power projects for these leading companies?
- How will the industry evolve during the period between 2023 and 2033? What are the implications of geothermal power projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the geothermal power market?
- Where is the geothermal power market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the geothermal power market today, and over the next 10 years:
- Our 377-page report provides 120 tables and 185 charts/graphs exclusively to you
- The report highlights key lucrative areas in the industry so you can target them - NOW
- It contains in-depth analysis of global, regional and national sales and growth
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the geothermal power market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2033 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2033, our new study provides you with recent results, growth rates, and market shares
- You will find original analyses, with business outlooks and developments
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising geothermal power prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, ""V" ", "L", "W" and "U" are discussed in this report.
Segments Covered in the Report:
Market Segment by Station Type
- Dry Steam Power Stations
- Flash Steam Power Stations
- Binary Cycle Power Stations
Market Segment by Technology
- Ground Source Heat Pumps
- Direct-Use Geothermal
- Deep Geothermal Systems
- Enhanced Geothermal Systems
Market Segment by Components
- Turbines and Generators
- Power Generation Equipment and Components
- Heat Exchangers and Condensers
- Transmission and Grid Integration
- Other Components
Market Segment by Resource Type
- Convective Hydrothermal
- Sedimentary Basin
- Geopressured
- Radiogenic
- Solidified Hot Dry Rock
- Part Still Molten Magma
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:
North & Central America
Europe
- Germany
- Iceland
- France
- Italy
- Russia
- Rest of Europe
Asia Pacific
- China
- Indonesia
- Japan
- Philippines
- New Zealand
- Rest of Asia Pacific
Latin America
- Chile
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Geothermal Power Market, 2023 to 2033, with a focus on this segment of these companies' operations.
Leading companies and the potential for market growth:
- Ansaldo Energia S.p.A
- Atlas Copco Group
- Berkshire Hathaway Energy (BHE)
- Calpine Corporation
- Chevron Corporation
- ElectraTherm
- Enel S.p.A
- General Electric Company
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- Haliburton Corporation
- Innergex Renewable Energy
- Mitsubishi Corporation
- Ormat Technologies, Inc
- PT Pertamina Geothermal Energy
- Terra-Gen, LLC
- Toshiba Corporation
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Overall world revenue for Geothermal Power Market, 2023 to 2033 in terms of value the market will surpass US$57.6 billion in 2023, our work calculates. We predict strong revenue growth through to 2033. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Geothermal Power Market, 2023 to 2033 report help you?
In summary, our 370+ page report provides you with the following knowledge:
- Revenue forecasts to 2033 for Geothermal Power Market, 2023 to 2033 Market, with forecasts for station type, technology, component, resource type, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2033 for four regional and 20 key national markets - See forecasts for the Geothermal Power Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Central America, Chile, Germany, Iceland, Italy, China, Indonesia, Japan, and New Zealand among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Geothermal Power Market, 2023 to 2033.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Our study is for everybody needing commercial analyses for the Geothermal Power Market, 2023 to 2033, market-leading companies. You will find data, trends and predictions.
Table of Contents
1 Report Overview
- 1.1 Objectives of the Study
- 1.2 Introduction to Geothermal Power Market
- 1.3 What This Report Delivers
- 1.4 Why You Should Read This Report
- 1.5 Key Questions Answered by This Analytical Report
- 1.6 Who Is This Report for?
- 1.7 Methodology
- 1.7.1 Market Definitions
- 1.7.2 Market Evaluation & Forecasting Methodology
- 1.7.3 Data Validation
- 1.7.3.1 Primary Research
- 1.7.3.2 Secondary Research
- 1.8 Frequently Asked Questions (FAQs)
- 1.9 Associated Reports
- 1.10 About
2 Executive Summary
3 Market Overview
- 3.1 Key Findings
- 3.2 Market Dynamics
- 3.2.1 Market Driving Factors
- 3.2.1.1 Electrification of Heating is Central Strategy for Market Growth
- 3.2.1.2 Geothermal Energy Is More Environmentally Friendly Than Conventional Fuel Sources Such as Coal and Other Fossil Fuels
- 3.2.1.3 Geothermal Energy Can be Harnessed for Direct Heating and Cooling Applications
- 3.2.2 Market Restraining Factors
- 3.2.2.1 Geothermal Energy is Location Specific Can be Disadvantage for the Market
- 3.2.2.2 Geothermal Energy Also Runs the Risk of Triggering Earthquakes and the Grounds Leads to a Release of Greenhouse Gases
- 3.2.2.3 Geothermal Energy Is an Expensive and Need More Resource
- 3.2.3 Market Opportunities
- 3.2.3.1 High Efficiency of Geothermal Systems Opportunities for the Market
- 3.2.3.2 Implying That New Technologies are Being Developed to Improve the Process of Energy
- 3.2.3.3 Government Incentives and Supportive Policies Opportunities for the Market
- 3.3 Porter's Five Forces Analysis
- 3.3.1 Bargaining Power of Suppliers (Moderate)
- 3.3.2 Bargaining Power of Buyers (Low)
- 3.3.3 Competitive Rivalry (Low)
- 3.3.4 Threat from Substitutes (moderate)
- 3.3.5 Threat of New Entrants (Low)
- 3.4 COVID-19 Impact Analysis
- 3.4.1 "V-Shaped Recovery"
- 3.4.2 "U-Shaped Recovery"
- 3.4.3 "W-Shaped Recovery"
- 3.4.4 "L-Shaped Recovery"
- 3.5 PEST Analysis
4 Geothermal Power Market Analysis by Station Type
- 4.1 Key Findings
- 4.2 Station Type Segment: Market Attractiveness Index
- 4.3 Geothermal Power Market Size Estimation and Forecast by Station Type
- 4.4 Dry Steam Power Stations
- 4.4.1 Market Size by Region, 2023-2033 (US$ Billion)
- 4.4.2 Market Share by Region, 2023 & 2033 (%)
- 4.5 Flash Steam Power Stations
- 4.5.1 Market Size by Region, 2023-2033 (US$ Billion)
- 4.5.2 Market Share by Region, 2023 & 2033 (%)
- 4.6 Binary Cycle Power Stations
- 4.6.1 Market Size by Region, 2023-2033 (US$ Billion)
- 4.6.2 Market Share by Region, 2023 & 2033 (%)
5 Geothermal Power Market Analysis by Technology
- 5.1 Key Findings
- 5.2 Technology Segment: Market Attractiveness Index
- 5.3 Geothermal Power Market Size Estimation and Forecast by Technology
- 5.4 Ground Source Heat Pumps
- 5.4.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.4.2 Market Share by Region, 2023 & 2033 (%)
- 5.5 Direct-Use Geothermal
- 5.5.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.5.2 Market Share by Region, 2023 & 2033 (%)
- 5.6 Deep Geothermal Systems
- 5.6.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.6.2 Market Share by Region, 2023 & 2033 (%)
- 5.7 Enhanced Geothermal Systems
- 5.7.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.7.2 Market Share by Region, 2023 & 2033 (%)
6 Geothermal Power Market Analysis by Component
- 6.1 Key Findings
- 6.2 Component Segment: Market Attractiveness Index
- 6.3 Geothermal Power Market Size Estimation and Forecast by Component
- 6.4 Turbines and Generators
- 6.4.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.4.2 Market Share by Region, 2023 & 2033 (%)
- 6.5 Power Generation Equipment and Components
- 6.5.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.5.2 Market Share by Region, 2023 & 2033 (%)
- 6.6 Heat Exchangers and Condensers
- 6.6.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.6.2 Market Share by Region, 2023 & 2033 (%)
- 6.7 Transmission and Grid Integration
- 6.7.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.7.2 Market Share by Region, 2023 & 2033 (%)
- 6.8 Other Components
- 6.8.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.8.2 Market Share by Region, 2023 & 2033 (%)
7 Geothermal Power Market Analysis by Resource Type
- 7.1 Key Findings
- 7.2 Resource Type Segment: Market Attractiveness Index
- 7.3 Geothermal Power Market Size Estimation and Forecast by Resource Type
- 7.4 Convective Hydrothermal
- 7.4.1 Market Size by Region, 2023-2033 (US$ Billion)
- 7.4.2 Market Share by Region, 2023 & 2033 (%)
- 7.5 Sedimentary Basin
- 7.5.1 Market Size by Region, 2023-2033 (US$ Billion)
- 7.5.2 Market Share by Region, 2023 & 2033 (%)
- 7.6 Geopressured
- 7.6.1 Market Size by Region, 2023-2033 (US$ Billion)
- 7.6.2 Market Share by Region, 2023 & 2033 (%)
- 7.7 Radiogenic
- 7.7.1 Market Size by Region, 2023-2033 (US$ Billion)
- 7.7.2 Market Share by Region, 2023 & 2033 (%)
- 7.8 Solidified Hot Dry Rock
- 7.8.1 Market Size by Region, 2023-2033 (US$ Billion)
- 7.8.2 Market Share by Region, 2023 & 2033 (%)
- 7.9 Part Still Molten Magma
- 7.9.1 Market Size by Region, 2023-2033 (US$ Billion)
- 7.9.2 Market Share by Region, 2023 & 2033 (%)
8 Geothermal Power Market Analysis by Region
- 8.1 Key Findings
- 8.2 Regional Market Size Estimation and Forecast
9 North & Central America & Central America Geothermal Power Market Analysis
- 9.1 Key Findings
- 9.2 North & Central America & Central America Geothermal Power Market Attractiveness Index
- 9.3 North & Central America & Central America Geothermal Power Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 9.4 North & Central America & Central America Geothermal Power Market Size Estimation and Forecast
- 9.5 North & Central America & Central America Geothermal Power Market Size Estimation and Forecast by Country
- 9.6 North & Central America & Central America Geothermal Power Market Size Estimation and Forecast by Station Type
- 9.7 North & Central America & Central America Geothermal Power Market Size Estimation and Forecast by Technology
- 9.8 North & Central America & Central America Geothermal Power Market Size Estimation and Forecast by Component
- 9.9 North & Central America & Central America Geothermal Power Market Size Estimation and Forecast by Resource Type
- 9.10 U.S. Geothermal Power Market Analysis
- 9.11 Central America Geothermal Power Market Analysis
10 Europe Geothermal Power Market Analysis
- 10.1 Key Findings
- 10.2 Europe Geothermal Power Market Attractiveness Index
- 10.3 Europe Geothermal Power Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 10.4 Europe Geothermal Power Market Size Estimation and Forecast
- 10.5 Europe Geothermal Power Market Size Estimation and Forecast by Country
- 10.6 Europe Geothermal Power Market Size Estimation and Forecast by Station Type
- 10.7 Europe Geothermal Power Market Size Estimation and Forecast by Technology
- 10.8 Europe Geothermal Power Market Size Estimation and Forecast by Component
- 10.9 Europe Geothermal Power Market Size Estimation and Forecast by Resource Type
- 10.10 Germany Geothermal Power Market Analysis
- 10.11 Iceland Geothermal Power Market Analysis
- 10.12 France Geothermal Power Market Analysis
- 10.13 Italy Geothermal Power Market Analysis
- 10.14 Russia Geothermal Power Market Analysis
- 10.15 Rest of Europe Geothermal Power Market Analysis
11 Asia-Pacific Geothermal Power Market Analysis
- 11.1 Key Findings
- 11.2 Asia-Pacific Geothermal Power Market Attractiveness Index
- 11.3 Asia-Pacific Geothermal Power Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 11.4 Asia-Pacific Geothermal Power Market Size Estimation and Forecast
- 11.5 Asia-Pacific Geothermal Power Market Size Estimation and Forecast by Country
- 11.6 Asia-Pacific Geothermal Power Market Size Estimation and Forecast by Station Type
- 11.7 Asia-Pacific Geothermal Power Market Size Estimation and Forecast by Technology
- 11.8 Asia-Pacific Geothermal Power Market Size Estimation and Forecast by Component
- 11.9 Asia-Pacific Geothermal Power Market Size Estimation and Forecast by Resource Type
- 11.10 China Geothermal Power Market Analysis
- 11.11 Indonesia Geothermal Power Market Analysis
- 11.12 Japan Geothermal Power Market Analysis
- 11.13 Philippines Geothermal Power Market Analysis
- 11.14 New Zealand Geothermal Power Market Analysis
- 11.15 Rest of Asia-Pacific Geothermal Power Market Analysis
12 Middle East and Africa Geothermal Power Market Analysis
- 12.1 Key Findings
- 12.2 Middle East and Africa Geothermal Power Market Attractiveness Index
- 12.3 Middle East and Africa Geothermal Power Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 12.4 Middle East and Africa Geothermal Power Market Size Estimation and Forecast
- 12.5 Middle East and Africa Geothermal Power Market Size Estimation and Forecast by Country
- 12.6 Middle East and Africa Geothermal Power Market Size Estimation and Forecast by Station Type
- 12.7 Middle East and Africa Geothermal Power Market Size Estimation and Forecast by Technology
- 12.8 Middle East and Africa Geothermal Power Market Size Estimation and Forecast by Component
- 12.9 Middle East and Africa Geothermal Power Market Size Estimation and Forecast by Resource Type
- 12.10 GCC Geothermal Power Market Analysis
- 12.11 South Africa Geothermal Power Market Analysis
- 12.12 Rest of Middle East & Africa Geothermal Power Market Analysis
13 Latin America Geothermal Power Market Analysis
- 13.1 Key Findings
- 13.2 Latin America Geothermal Power Market Attractiveness Index
- 13.3 Latin America Geothermal Power Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 13.4 Latin America Geothermal Power Market Size Estimation and Forecast
- 13.5 Latin America Geothermal Power Market Size Estimation and Forecast by Country
- 13.6 Latin America Geothermal Power Market Size Estimation and Forecast by Station Type
- 13.7 Latin America Geothermal Power Market Size Estimation and Forecast by Technology
- 13.8 Latin America Geothermal Power Market Size Estimation and Forecast by Component
- 13.9 Latin America Geothermal Power Market Size Estimation and Forecast by Resource Type
- 13.10 Chile Geothermal Power Market Analysis
- 13.11 Mexico Geothermal Power Market Analysis
- 13.12 Rest of Latin America Geothermal Power Market Analysis
14 Company Profiles
- 14.1 Competitive Landscape, 2022
- 14.2 Strategic Outlook
- 14.3 Ansaldo Energia S.p.A.
- 14.3.1 Company Snapshot
- 14.3.2 Company Overview
- 14.3.3 Product Benchmarking
- 14.3.4 Strategic Outlook
- 14.4 Atlas Copco Group
- 14.4.1 Company Snapshot
- 14.4.2 Company Overview
- 14.4.3 Financial Analysis
- 14.4.3.1 Net Revenue, 2018-2022
- 14.4.3.2 R&D, 2018-2022
- 14.4.3.3 Regional Revenue Share, 2022 (%)
- 14.4.3.4 Business Segment Revenue Share, 2022 (%)
- 14.4.4 Product Benchmarking
- 14.4.5 Strategic Outlook
- 14.5 Chevron Corporation
- 14.5.1 Company Snapshot
- 14.5.2 Company Overview
- 14.5.3 Financial Analysis
- 14.5.3.1 Net Revenue, 2018-2022
- 14.5.3.2 R&D, 2018-2022
- 14.5.3.3 Regional Revenue Share, 2022 (%)
- 14.5.3.4 Business Segment Revenue Share, 2022 (%)
- 14.5.4 Product Benchmarking
- 14.5.5 Strategic Outlook
- 14.6 General Electric Company
- 14.6.1 Company Snapshot
- 14.6.2 Company Overview
- 14.6.3 Financial Analysis
- 14.6.3.1 Net Revenue, 2018-2022
- 14.6.3.2 R&D, 2018-2022
- 14.6.3.3 Regional Revenue Share, 2022 (%)
- 14.6.3.4 Business Segment Revenue Share, 2022 (%)
- 14.6.4 Product Benchmarking
- 14.6.5 Strategic Outlook
- 14.7 Haliburton Corporation
- 14.7.1 Company Snapshot
- 14.7.2 Company Overview
- 14.7.3 Financial Analysis
- 14.7.3.1 Net Revenue, 2018-2022
- 14.7.3.2 R&D, 2018-2022
- 14.7.3.3 Regional Revenue Share, 2022 (%)
- 14.7.3.4 Business Segment Revenue Share, 2022 (%)
- 14.7.4 Product Benchmarking
- 14.7.5 Strategic Outlook
- 14.8 Mitsubishi Corporation
- 14.8.1 Company Snapshot
- 14.8.2 Company Overview
- 14.8.3 Financial Analysis
- 14.8.3.1 Net Revenue, 2018-2022
- 14.8.3.2 Regional Revenue Share, 2022 (%)
- 14.8.3.3 Business Segment Revenue Share, 2022 (%)
- 14.8.4 Product Benchmarking
- 14.8.5 Strategic Outlook
- 14.9 Toshiba Corporation
- 14.9.1 Company Snapshot
- 14.9.2 Company Overview
- 14.9.3 Financial Analysis
- 14.9.3.1 Net Revenue, 2018-2022
- 14.9.3.2 R&D, 2018-2022
- 14.9.3.3 Regional Revenue Share, 2022 (%)
- 14.9.3.4 Business Segment Revenue Share, 2022 (%)
- 14.9.4 Product Benchmarking
- 14.10 Berkshire Hathaway Energy (BHE)
- 14.10.1 Company Snapshot
- 14.10.2 Company Overview
- 14.10.3 Product Benchmarking
- 14.10.4 Strategic Outlook
- 14.11 Calpine Corporation
- 14.11.1 Company Snapshot
- 14.11.2 Company Overview
- 14.11.3 Product Benchmarking
- 14.12 ElectraTherm
- 14.12.1 Company Snapshot
- 14.12.2 Company Overview
- 14.12.3 Product Benchmarking
- 14.12.4 Strategic Outlook
- 14.13 Enel S.p.A.
- 14.13.1 Company Snapshot
- 14.13.2 Company Overview
- 14.13.3 Financial Analysis
- 14.13.3.1 Net Revenue, 2018-2022
- 14.13.3.2 Regional Revenue Share, 2022 (%)
- 14.13.3.3 Business Segment Revenue Share, 2022 (%)
- 14.13.4 Product Benchmarking
- 14.14 Innergex Renewable Energy
- 14.14.1 Company Snapshot
- 14.14.2 Company Overview
- 14.14.3 Financial Analysis
- 14.14.3.1 Net Revenue, 2018-2022
- 14.14.3.2 Regional Revenue Share, 2022 (%)
- 14.14.3.3 Business Segment Revenue Share, 2022 (%)
- 14.14.4 Product Benchmarking
- 14.14.5 Strategic Outlook
- 14.15 Ormat Technologies, Inc.
- 14.15.1 Company Snapshot
- 14.15.2 Company Overview
- 14.15.3 Financial Analysis
- 14.15.3.1 Net Revenue, 2018-2022
- 14.15.3.2 R&D, 2018-2022
- 14.15.3.3 Regional Revenue Share, 2022 (%)
- 14.15.3.4 Business Segment Revenue Share, 2022 (%)
- 14.15.4 Product Benchmarking
- 14.15.5 Strategic Outlook
- 14.16 Terra-Gen, LLC
- 14.16.1 Company Snapshot
- 14.16.2 Company Overview
- 14.16.3 Product Benchmarking
- 14.17 PT Pertamina
- 14.17.1 Company Snapshot
- 14.17.2 Company Overview
- 14.17.3 Product Benchmarking
- 14.17.4 Strategic Outlook
15 Conclusion and Recommendations
- 15.1 Concluding Remarks from
- 15.2 Recommendations for Market Players