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地熱発電市場の2030年までの予測：温度別、出力別、技術別、用途別、地域別の世界分析

Geothermal Power Market Forecasts to 2030 - Global Analysis By Temperature (Low Temperature, Medium Temperature and High Temperature ), Power Output, Technology, Application and By Geography

出版日: 2023年08月01日
発行: Stratistics Market Research Consulting
ページ情報: 英文 175+ Pages
納期: 2～3営業日

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概要

サンプル依頼リストに入れる

Stratistics MRCによると、世界の地熱発電市場は2023年に64億5,000万米ドルを占め、2030年には103億6,000万米ドルに達すると予測され、予測期間中のCAGRは7％です。

地熱発電は、地球の自然熱に由来する再生可能エネルギーの生産と利用を伴う。地熱発電所は、地球の内部熱を利用し、蒸気や熱水の変換によって発電します。そのプロセスには、地熱貯留層に井戸を掘削して高温の流体にアクセスすることが含まれ、その流体は発電機に接続されたタービンを駆動するために使用されます。地熱エネルギーは、温室効果ガスの排出を最小限に抑えた、持続可能で環境に優しい発電ソリューションです。

国際再生可能エネルギー機関（IRENA）によると、2016年の発電量は83,477GWhで、2020年には94,949GWhに達します。

持続可能な方法による発電へのニーズの高まり

気候変動と炭素排出に関する世界の懸念が強まるにつれ、再生可能で環境に優しいエネルギー源への移行が重視されるようになっています。地熱発電は、地球の自然熱を利用して温室効果ガスを排出することなく発電するため、信頼性が高く持続可能なソリューションを提供します。世界中の政府やエネルギー政策立案者は、エネルギーミックスを多様化し、化石燃料への依存を減らすために、地熱エネルギーの採用をますます推進しています。

掘削・探査方法の不足

高い地熱ポテンシャルを持つ適切な場所を見つけるためには、正確な探査が必要です。新たな地熱貯留層の探索や、すでに存在する地熱貯留層の拡大は、最先端の探鉱・掘削手法の欠如によって妨げられる可能性があります。基礎的な条件や資源の利用可能性についての情報不足から、効果のない掘削作業や高い事業費が生じる可能性があります。地熱エネルギーは、最先端技術の助けによって、より効果的に特定され、より競争力のある、実現可能な再生可能エネルギー源になるかもしれないです。

地熱による低温・中温資源の可能性

従来は高温の地熱資源が発電の主要な焦点であったが、低・中温資源の利用が注目されています。バイナリーサイクル発電所や強化型地熱システムなどの先進技術は、より低温の地熱貯留層からコスト効率の良いエネルギーの抽出を可能にしています。このような地熱利用の拡大は、地熱発電のための実行可能な場所の数を増やし、市場の範囲を広げ、以前は適さないと考えられていた地域にも地熱エネルギーを利用できるようにします。

環境破壊

地熱発電所は、地下の貯水池にアクセスして熱を取り出すことに依存しており、環境変化の影響を受けやすいです。地震、火山活動、地質変動などの自然現象は、地熱資源の安定性や性能に影響を与え、発電量に影響を与える可能性があります。さらに、地下の圧力や流体の流れの変化は、貯留層の生産性の低下につながる可能性があります。環境破壊は、プロジェクトの遅延、メンテナンスコストの増加、さらには地熱発電所の永久的な損傷を引き起こす可能性があります。この脅威を軽減するためには、環境への影響を最小限に抑えながら、持続可能で信頼できる地熱発電を確保するために、慎重なサイト選定、継続的なモニタリング、適応的管理戦略が不可欠です。

COVID-19の影響：

COVID-19パンデミックの存在は、地熱エネルギー事業に大きな影響を与えました。というのも、世界のサプライチェーンに複数の中断を引き起こし、市場参入企業が計画したプロジェクトへの投資を減少させたからである。地熱発電の生産能力は年々増加しており、地熱発電業界を活性化させることが期待されているが、COVID-19や世界各国が実施するロックアウト措置のために、いくつかのプロジェクトが遅れに直面しています。加えて、環境に有益でクリーンな資源の利用から生じる電力の安全性に対する懸念の高まりが、地熱発電の市場拡大を後押ししています。

予測期間中、商業用セグメントが最大となる見込み

オフィスビル、ホテル、学校、病院など、必要なときに空調や冷房に使用されるヒートポンプの需要が増加しているため、商業セグメントが市場で最大のシェアを占めています。また、住宅における地熱エネルギーの主要な供給源のひとつは地域暖房です。

予測期間中、バイナリーサイクルプラントセグメントのCAGRが最も高くなると予想されます。

予測期間中、バイナリーサイクルプラントセグメントのCAGRが最も高くなると予想されます。バイナリーサイクルは、低温の地熱資源から発電するために使用される高度で効率的な方法です。バイナリーサイクル・プロセスでは、温度の低い高温の地熱流体が熱交換器に通され、そこで熱エネルギーが沸点の低い二次流体に伝達されます。二次流体は気化して発電機に接続されたタービンを駆動し、クリーンで再生可能な電力を生産します。バイナリーサイクル技術は、これまで未開拓であった低温の地熱貯留層の利用を可能にし、地熱の可能性を広げ、地熱エネルギーをより幅広い地域で利用できるようにし、地熱発電市場の成長に貢献しています。

最大のシェアを持つ地域：

アジア太平洋地域市場は、豊富な地熱ポテンシャルと再生可能エネルギーの利用増加により、予測期間中、世界の地熱発電市場で最も高いシェアを占めると推定・予測されます。地熱発電プロジェクトが進行中であり、地熱エネルギー生産の能力が認められている国には、インドネシア、フィリピン、ニュージーランドなどがあります。市場の拡大は、政府のインセンティブ、有利な法律、地熱技術への投資によってさらに加速しています。地熱エネルギーは、アジア太平洋地域がクリーンで信頼性の高い発電を優先し、長期的な経済的・環境的メリットを促進し続ける中で、この地域のエネルギーミックスに大きく貢献するものと位置づけられています。

CAGRが最も高い地域：

予測期間中、北米地域が最も高い成長率を示すと予想されます。多種多様な地熱資源と技術的ノウハウを活用することで、北米は地熱発電市場の主要プレーヤーとなっています。米国とメキシコには、地球固有の熱を利用して発電する地熱発電所がいくつかあります。再生可能でクリーンなエネルギーであり、二酸化炭素排出量を削減し、持続可能なエネルギー慣行を推進するという地域の公約に沿ったものであるため、地熱発電は北米で肯定的に見られています。地熱発電は、エネルギー安全保障と環境への配慮を強調することから、この地域のエネルギー転換と再生可能エネルギーの拡大において、ますます重要な役割を果たすと予想されています。

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企業プロファイル
- 追加市場プレイヤーの包括的プロファイリング（3社まで）
- 主要企業のSWOT分析（3社まで）
地域セグメンテーション
- 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
競合ベンチマーキング
- 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

北米
- 米国
- カナダ
- メキシコ
欧州
- ドイツ
- 英国
- イタリア
- フランス
- スペイン
- その他欧州
アジア太平洋地域
- 日本
- 中国
- インド
- オーストラリア
- ニュージーランド
- 韓国
- その他アジア太平洋地域
南米
- アルゼンチン
- ブラジル
- チリ
- その他南米
中東とアフリカ
- サウジアラビア
- アラブ首長国連邦
- カタール
- 南アフリカ
- その他中東とアフリカ

第10章主な発展

契約、パートナーシップ、コラボレーション、合弁事業
買収と合併
新製品の発売
事業拡大
その他の主要戦略

第11章会社概要

Ansaldo Energia
Atlas Copco AB
Berkshire Hathaway Inc.
Calpine
Chevron Corp.
Enel Spa
EthosEnergy Group
Fuji Electric Co Ltd
General Electric
Gradient Resources
Green Mountain Energy Company
Halliburton
KenGen
Macquarie Group Limited
Ormat Technologies Inc.
Reykjavik Geothermal
Sumitomo Corporation
Supreme Energy
Terra-Gen Power LLC
ThermaSource LLC
Toshiba International Corp.
Turboden S.p.A.
U.S. Geothermal Inc.

図表

List of Tables

Table 1 Global Geothermal Power Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Geothermal Power Market Outlook, By Temperature (2021-2030) ($MN)
Table 3 Global Geothermal Power Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
Table 4 Global Geothermal Power Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
Table 5 Global Geothermal Power Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
Table 6 Global Geothermal Power Market Outlook, By Power Output (2021-2030) ($MN)
Table 7 Global Geothermal Power Market Outlook, By Up to 5 MW (2021-2030) ($MN)
Table 8 Global Geothermal Power Market Outlook, By Above 5 MW (2021-2030) ($MN)
Table 9 Global Geothermal Power Market Outlook, By Technology (2021-2030) ($MN)
Table 10 Global Geothermal Power Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
Table 11 Global Geothermal Power Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
Table 12 Global Geothermal Power Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
Table 13 Global Geothermal Power Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
Table 14 Global Geothermal Power Market Outlook, By Direct Systems (2021-2030) ($MN)
Table 15 Global Geothermal Power Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 16 Global Geothermal Power Market Outlook, By Application (2021-2030) ($MN)
Table 17 Global Geothermal Power Market Outlook, By Power Generation (2021-2030) ($MN)
Table 18 Global Geothermal Power Market Outlook, By Residential (2021-2030) ($MN)
Table 19 Global Geothermal Power Market Outlook, By Industrial (2021-2030) ($MN)
Table 20 Global Geothermal Power Market Outlook, By Commercial (2021-2030) ($MN)
Table 21 Global Geothermal Power Market Outlook, By Other Applications (2021-2030) ($MN)
Table 22 North America Geothermal Power Market Outlook, By Country (2021-2030) ($MN)
Table 23 North America Geothermal Power Market Outlook, By Temperature (2021-2030) ($MN)
Table 24 North America Geothermal Power Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
Table 25 North America Geothermal Power Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
Table 26 North America Geothermal Power Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
Table 27 North America Geothermal Power Market Outlook, By Power Output (2021-2030) ($MN)
Table 28 North America Geothermal Power Market Outlook, By Up to 5 MW (2021-2030) ($MN)
Table 29 North America Geothermal Power Market Outlook, By Above 5 MW (2021-2030) ($MN)
Table 30 North America Geothermal Power Market Outlook, By Technology (2021-2030) ($MN)
Table 31 North America Geothermal Power Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
Table 32 North America Geothermal Power Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
Table 33 North America Geothermal Power Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
Table 34 North America Geothermal Power Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
Table 35 North America Geothermal Power Market Outlook, By Direct Systems (2021-2030) ($MN)
Table 36 North America Geothermal Power Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 37 North America Geothermal Power Market Outlook, By Application (2021-2030) ($MN)
Table 38 North America Geothermal Power Market Outlook, By Power Generation (2021-2030) ($MN)
Table 39 North America Geothermal Power Market Outlook, By Residential (2021-2030) ($MN)
Table 40 North America Geothermal Power Market Outlook, By Industrial (2021-2030) ($MN)
Table 41 North America Geothermal Power Market Outlook, By Commercial (2021-2030) ($MN)
Table 42 North America Geothermal Power Market Outlook, By Other Applications (2021-2030) ($MN)
Table 43 Europe Geothermal Power Market Outlook, By Country (2021-2030) ($MN)
Table 44 Europe Geothermal Power Market Outlook, By Temperature (2021-2030) ($MN)
Table 45 Europe Geothermal Power Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
Table 46 Europe Geothermal Power Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
Table 47 Europe Geothermal Power Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
Table 48 Europe Geothermal Power Market Outlook, By Power Output (2021-2030) ($MN)
Table 49 Europe Geothermal Power Market Outlook, By Up to 5 MW (2021-2030) ($MN)
Table 50 Europe Geothermal Power Market Outlook, By Above 5 MW (2021-2030) ($MN)
Table 51 Europe Geothermal Power Market Outlook, By Technology (2021-2030) ($MN)
Table 52 Europe Geothermal Power Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
Table 53 Europe Geothermal Power Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
Table 54 Europe Geothermal Power Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
Table 55 Europe Geothermal Power Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
Table 56 Europe Geothermal Power Market Outlook, By Direct Systems (2021-2030) ($MN)
Table 57 Europe Geothermal Power Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 58 Europe Geothermal Power Market Outlook, By Application (2021-2030) ($MN)
Table 59 Europe Geothermal Power Market Outlook, By Power Generation (2021-2030) ($MN)
Table 60 Europe Geothermal Power Market Outlook, By Residential (2021-2030) ($MN)
Table 61 Europe Geothermal Power Market Outlook, By Industrial (2021-2030) ($MN)
Table 62 Europe Geothermal Power Market Outlook, By Commercial (2021-2030) ($MN)
Table 63 Europe Geothermal Power Market Outlook, By Other Applications (2021-2030) ($MN)
Table 64 Asia Pacific Geothermal Power Market Outlook, By Country (2021-2030) ($MN)
Table 65 Asia Pacific Geothermal Power Market Outlook, By Temperature (2021-2030) ($MN)
Table 66 Asia Pacific Geothermal Power Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
Table 67 Asia Pacific Geothermal Power Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
Table 68 Asia Pacific Geothermal Power Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
Table 69 Asia Pacific Geothermal Power Market Outlook, By Power Output (2021-2030) ($MN)
Table 70 Asia Pacific Geothermal Power Market Outlook, By Up to 5 MW (2021-2030) ($MN)
Table 71 Asia Pacific Geothermal Power Market Outlook, By Above 5 MW (2021-2030) ($MN)
Table 72 Asia Pacific Geothermal Power Market Outlook, By Technology (2021-2030) ($MN)
Table 73 Asia Pacific Geothermal Power Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
Table 74 Asia Pacific Geothermal Power Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
Table 75 Asia Pacific Geothermal Power Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
Table 76 Asia Pacific Geothermal Power Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
Table 77 Asia Pacific Geothermal Power Market Outlook, By Direct Systems (2021-2030) ($MN)
Table 78 Asia Pacific Geothermal Power Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 79 Asia Pacific Geothermal Power Market Outlook, By Application (2021-2030) ($MN)
Table 80 Asia Pacific Geothermal Power Market Outlook, By Power Generation (2021-2030) ($MN)
Table 81 Asia Pacific Geothermal Power Market Outlook, By Residential (2021-2030) ($MN)
Table 82 Asia Pacific Geothermal Power Market Outlook, By Industrial (2021-2030) ($MN)
Table 83 Asia Pacific Geothermal Power Market Outlook, By Commercial (2021-2030) ($MN)
Table 84 Asia Pacific Geothermal Power Market Outlook, By Other Applications (2021-2030) ($MN)
Table 85 South America Geothermal Power Market Outlook, By Country (2021-2030) ($MN)
Table 86 South America Geothermal Power Market Outlook, By Temperature (2021-2030) ($MN)
Table 87 South America Geothermal Power Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
Table 88 South America Geothermal Power Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
Table 89 South America Geothermal Power Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
Table 90 South America Geothermal Power Market Outlook, By Power Output (2021-2030) ($MN)
Table 91 South America Geothermal Power Market Outlook, By Up to 5 MW (2021-2030) ($MN)
Table 92 South America Geothermal Power Market Outlook, By Above 5 MW (2021-2030) ($MN)
Table 93 South America Geothermal Power Market Outlook, By Technology (2021-2030) ($MN)
Table 94 South America Geothermal Power Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
Table 95 South America Geothermal Power Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
Table 96 South America Geothermal Power Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
Table 97 South America Geothermal Power Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
Table 98 South America Geothermal Power Market Outlook, By Direct Systems (2021-2030) ($MN)
Table 99 South America Geothermal Power Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 100 South America Geothermal Power Market Outlook, By Application (2021-2030) ($MN)
Table 101 South America Geothermal Power Market Outlook, By Power Generation (2021-2030) ($MN)
Table 102 South America Geothermal Power Market Outlook, By Residential (2021-2030) ($MN)
Table 103 South America Geothermal Power Market Outlook, By Industrial (2021-2030) ($MN)
Table 104 South America Geothermal Power Market Outlook, By Commercial (2021-2030) ($MN)
Table 105 South America Geothermal Power Market Outlook, By Other Applications (2021-2030) ($MN)
Table 106 Middle East & Africa Geothermal Power Market Outlook, By Country (2021-2030) ($MN)
Table 107 Middle East & Africa Geothermal Power Market Outlook, By Temperature (2021-2030) ($MN)
Table 108 Middle East & Africa Geothermal Power Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
Table 109 Middle East & Africa Geothermal Power Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
Table 110 Middle East & Africa Geothermal Power Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
Table 111 Middle East & Africa Geothermal Power Market Outlook, By Power Output (2021-2030) ($MN)
Table 112 Middle East & Africa Geothermal Power Market Outlook, By Up to 5 MW (2021-2030) ($MN)
Table 113 Middle East & Africa Geothermal Power Market Outlook, By Above 5 MW (2021-2030) ($MN)
Table 114 Middle East & Africa Geothermal Power Market Outlook, By Technology (2021-2030) ($MN)
Table 115 Middle East & Africa Geothermal Power Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
Table 116 Middle East & Africa Geothermal Power Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
Table 117 Middle East & Africa Geothermal Power Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
Table 118 Middle East & Africa Geothermal Power Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
Table 119 Middle East & Africa Geothermal Power Market Outlook, By Direct Systems (2021-2030) ($MN)
Table 120 Middle East & Africa Geothermal Power Market Outlook, By Other Technologies (2021-2030) ($MN)
Table 121 Middle East & Africa Geothermal Power Market Outlook, By Application (2021-2030) ($MN)
Table 122 Middle East & Africa Geothermal Power Market Outlook, By Power Generation (2021-2030) ($MN)
Table 123 Middle East & Africa Geothermal Power Market Outlook, By Residential (2021-2030) ($MN)
Table 124 Middle East & Africa Geothermal Power Market Outlook, By Industrial (2021-2030) ($MN)
Table 125 Middle East & Africa Geothermal Power Market Outlook, By Commercial (2021-2030) ($MN)
Table 126 Middle East & Africa Geothermal Power Market Outlook, By Other Applications (2021-2030) ($MN)

Product Code: SMRC23609

According to Stratistics MRC, the Global Geothermal Power Market is accounted for $6.45 billion in 2023 and is expected to reach $10.36 billion by 2030 growing at a CAGR of 7% during the forecast period. The Geothermal Power involves the production and utilization of renewable energy derived from the Earth's natural heat. Geothermal power plants harness the Earth's internal heat to generate electricity through the conversion of steam or hot water. The process involves drilling wells into geothermal reservoirs to access the hot fluids, which are then used to drive turbines connected to electricity generators. Geothermal energy offers a sustainable and eco-friendly power generation solution with minimal greenhouse gas emissions.

According to the International Renewable Energy Agency (IRENA), the electricity generation was 83,477 GWh in 2016 and it is reached by 94,949 GWh in 2020.

Market Dynamics:

Driver:

Increasing need for power production using sustainable methods

As global concerns regarding climate change and carbon emissions intensify, there is a growing emphasis on transitioning towards renewable and environmentally friendly energy sources. Geothermal power offers a reliable and sustainable solution, as it utilizes the Earth's natural heat to generate electricity without greenhouse gas emissions. Governments and energy policymakers worldwide are increasingly promoting the adoption of geothermal energy to diversify the energy mix and reduce reliance on fossil fuels.

Restraint:

Lack of drilling and exploratory methods

Accurate exploration is necessary to find suitable locations with high geothermal potential. The search for new geothermal reservoirs and the expansion of those that already exist may be hampered by a lack of cutting-edge exploration and drilling methods. Drilling efforts that are ineffective and higher project expenses could result from a lack of information about the underlying conditions and resource availability. Geothermal energy may be identified more effectively with the help of cutting-edge technology, making it a more competitive and feasible renewable energy source.

Opportunity:

Low- and medium-temperature resource potential from geothermal sources

While high-temperature geothermal resources have traditionally been the primary focus for power generation, the utilization of low- and medium-temperature resources has gained prominence. Advanced technologies, such as binary cycle power plants and enhanced geothermal systems, allow for the cost-effective extraction of energy from lower-temperature geothermal reservoirs. This expansion of geothermal applications increases the number of viable sites for geothermal power generation, broadening the market's reach and making geothermal energy accessible to regions previously considered unsuitable.

Threat:

Environmental disruptions

Geothermal power plants rely on accessing and extracting heat from underground reservoirs, which can be susceptible to environmental changes. Natural events like earthquakes, volcanic activities, and geological shifts can impact the stability and performance of geothermal resources, affecting power generation. Additionally, changes in underground pressure or fluid flow may lead to declining reservoir productivity. Environmental disruptions can cause project delays, increased maintenance costs, and even permanent damage to geothermal sites. To mitigate this threat, careful site selection, ongoing monitoring, and adaptive management strategies are essential to ensure sustainable and reliable geothermal power generation while minimizing environmental impacts.

COVID-19 Impact:

The COVID-19 pandemic's existence had a significant impact on the geothermal energy business since it caused multiple interruptions in the global supply chain and decreased investment from market participants in their planned projects. Aside from the yearly increases in geothermal power capacity that are expected to fuel the industry, several projects are facing delays because to COVID-19 and global lockout measures implemented by many nations across the world. In addition, growing worries about the security of electricity resulting from the use of environmentally beneficial and clean resources are propelling market expansion for geothermal power.

The commercial segment is expected to be the largest during the forecast period

The commercial segment held the largest share in the market owing to the increasing demand for heat pump which is used for air conditioning and cooling down inside the environment when needed, including office buildings, hotels, schools, and hospitals. In addition, one of the major sources of geothermal energy in residential structures is district heating.

The binary cycle plants segment is expected to have the highest CAGR during the forecast period

During the projection period, the binary cycle plants segment is expected to have the greatest CAGR. It is an advanced and efficient method used to generate electricity from low-temperature geothermal resources. In the Binary Cycle process, hot geothermal fluid with lower temperatures is passed through a heat exchanger, where it transfers its thermal energy to a secondary fluid with a lower boiling point. The secondary fluid vaporizes and drives a turbine connected to an electricity generator, producing clean and renewable power. Binary Cycle technology allows for the utilization of previously untapped low-temperature geothermal reservoirs, expanding the geothermal potential and making geothermal energy accessible to a broader range of regions, contributing to the growth of the geothermal power market.

Region with largest share:

The Asia Pacific region market is estimated to witness the highest share of the global Geothermal Power market during the forecast period, due to its abundant geothermal potential and rising use of renewable energy sources. Countries with ongoing geothermal power projects and recognized competence in geothermal energy production include Indonesia, the Philippines, and New Zealand. The market's expansion is further accelerated by government incentives, advantageous laws, and investments in geothermal technology. Geothermal energy is positioned to significantly contribute to the region's energy mix as the Asia Pacific region continues to prioritize clean and dependable power generation, encouraging long-term economic and environmental advantages.

Region with highest CAGR:

The North America region is expected to have the highest growth rate over the forecast period. By utilizing its wide variety of geothermal resources and technological know-how, North America is a major player in the geothermal power market. Several geothermal power stations that use the Earth's inherent heat to produce electricity are located in the United States and Mexico. Due to its renewable and clean energy qualities, which are in line with regional pledges to cut carbon emissions and advance sustainable energy practices, geothermal power is seen positively in North America. Geothermal power is anticipated to play an increasingly important role in the region's energy transition and expansion of renewable energy as it stresses energy security and environmental stewardship.

Key players in the market:

Some of the key players in Geothermal Power market include: Ansaldo Energia, Atlas Copco AB, Berkshire Hathaway Inc., Calpine, Chevron Corp., Enel Spa, EthosEnergy Group, Fuji Electric Co Ltd, General Electric, Gradient Resources, Green Mountain Energy Company, Halliburton, KenGen, Macquarie Group Limited, Ormat Technologies Inc., Reykjavik Geothermal, Sumitomo Corporation, Supreme Energy, Terra-Gen Power LLC, ThermaSource LLC, Toshiba International Corp., Turboden S.p.A. and U.S. Geothermal Inc..

Key Developments:

In July 2022, Ormat announced the commercial operation of the Casa Diablo-IV (CD4) 30 MW geothermal power plant. The CD4 facility provides 7 MW of geothermal power to two Community Choice Aggregators, Silicon Valley Clean Energy and Central Coast Community Energy, each under a 10-year power purchase agreement (PPA).

In May 2022, Baker Hughes Company announced an investment in San Francisco-based GreenFire Energy Inc., a company involved in the development of closed-loop Advanced Geothermal Systems (AGS).

In February 2022, SLB announced the introduction of the GeoSphere 360 3D reservoir mapping-while-drilling service at the International Petroleum Technology Conference (IPTC).

Temperatures Covered:

Low Temperature (Up to 900C)
Medium Temperature (900C - 1500C)
High Temperature (Above 1500C)

Power Outputs Covered:

Up to 5 MW
Above 5 MW

Technologies Covered:

Binary Cycle Plants
Flash Steam Plants
Dry Steam Plants
Ground Source Heat Pumps
Direct Systems
Other Technologies

Applications Covered:

Power Generation
Residential
Industrial
Commercial
Other Applications

Regions Covered:

North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
South America
- Argentina
- Brazil
- Chile
- Rest of South America
Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa

What our report offers:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary

2 Preface

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Geothermal Power Market, By Temperature

5.1 Introduction
5.2 Low Temperature (Up to 900C)
5.3 Medium Temperature (900C - 1500C)
5.4 High Temperature (Above 1500C)

6 Global Geothermal Power Market, By Power Output

6.1 Introduction
6.2 Up to 5 MW
6.3 Above 5 MW

7 Global Geothermal Power Market, By Technology

7.1 Introduction
7.2 Binary Cycle Plants
7.3 Flash Steam Plants
7.4 Dry Steam Plants
7.5 Ground Source Heat Pumps
7.6 Direct Systems
7.7 Other Technologies

8 Global Geothermal Power Market, By Application

8.1 Introduction
8.2 Power Generation
8.3 Residential
8.4 Industrial
8.5 Commercial
8.6 Other Applications

9 Global Geothermal Power Market, By Geography

9.1 Introduction
9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa

10 Key Developments

10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling

11.1 Ansaldo Energia
11.2 Atlas Copco AB
11.3 Berkshire Hathaway Inc.
11.4 Calpine
11.5 Chevron Corp.
11.6 Enel Spa
11.7 EthosEnergy Group
11.8 Fuji Electric Co Ltd
11.9 General Electric
11.10 Gradient Resources
11.11 Green Mountain Energy Company
11.12 Halliburton
11.13 KenGen
11.14 Macquarie Group Limited
11.15 Ormat Technologies Inc.
11.16 Reykjavik Geothermal
11.17 Sumitomo Corporation
11.18 Supreme Energy
11.19 Terra-Gen Power LLC
11.20 ThermaSource LLC
11.21 Toshiba International Corp.
11.22 Turboden S.p.A.
11.23 U.S. Geothermal Inc.