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強化地熱システムの2030年までの市場予測：資源タイプ、深度、シミュレーション方法、エンドユーザー、地域別の世界分析

Enhanced Geothermal System Market Forecasts to 2030 - Global Analysis By Resource Type (Sedimentary Basin, Hot Dry Rock, Radiogenic, Molten Magma and Other Resource Types), Depth (Deep and Shallow), Simulation Method, End User,and By Geography
出版日: | 発行: Stratistics Market Research Consulting | ページ情報: 英文 200+ Pages | 納期: 2～3営業日

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価格
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本日の銀行送金レート: 1USD=156.76円
強化地熱システムの2030年までの市場予測：資源タイプ、深度、シミュレーション方法、エンドユーザー、地域別の世界分析
出版日: 2024年02月02日
発行: Stratistics Market Research Consulting
ページ情報: 英文 200+ Pages
納期: 2～3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

Stratistics MRCによると、世界の強化地熱システム市場は2023年に21億米ドルを占め、予測期間中にCAGR 7.2％で成長し、2030年には34億米ドルに達すると予測されています。

強化地熱システム（EGS）は、地表深くの高温岩層に人工貯留層を形成することで、従来の地熱発電を強化する技術です。EGSは、既存の亀裂に水を注入して相互に連結された流路網を作り、浸透性を高める。さらに、EGSは地熱エネルギーの可能性を天然貯留層がない地域にも広げるもので、従来の化石燃料に比べて環境への影響が少なく、有望で持続可能な信頼性の高いクリーンな電力源となります。

GeoVisionの報告書によると、米国では2050年までに17,500の地熱地域暖房（GDH）システムが稼働する可能性があります。

消費者の意識の高まり

消費者は、特定の冷媒がオゾン層に与える有害な影響や地球温暖化への寄与など、従来の冷凍方法が環境に与える影響について、ますます知識を深めています。低GWP材料の使用やエネルギー効率の改善といった特徴は、環境に優しいソリューションに対するこのような需要の高まりと一致しています。さらに、意識向上キャンペーン、教育イニシアティブ、透明性の高いコミュニケーションが、この市場を後押ししています。

高い初期コスト

大規模な掘削と坑井刺激作業が必要なことが、EGSの初期コストが高い主な理由の1つです。このプロセスには地殻の奥深くまで掘削する必要があり、特殊な機器、熟練した労働力、多額の投資が必要となるため、全体的な費用がかさみます。さらに、この不確実性は潜在的投資家の意欲をそぎ、結果が予測できないプロジェクトへの資金提供をためらわせるため、この市場の大きな妨げとなっています。

技術の進歩

EGSは、従来の地熱資源が限られている地殻深部の地熱エネルギーを利用するものです。水圧破砕や指向性掘削のような掘削技術の発展により、より高温でより深い岩層に到達することが可能になり、実現可能な地熱プロジェクトの地理的範囲が広がっています。さらに、これらの技術革新はEGSに関連する歴史的課題に対処しており、これがこの市場を牽引しています。

標準化の欠如

標準化された手法や技術がないことは、新規参入企業や潜在的な投資家にとって参入障壁となります。標準化がないため、さまざまなEGSプロジェクトのパフォーマンスを比較・評価することが難しくなります。さらに、標準化がないため、この市場の利害関係者間の協力や知識の共有が妨げられます。

COVID-19の影響

COVID-19の流行は強化地熱システム（EGS）市場に悪影響を及ぼし、成長を妨げるいくつかの課題をもたらしています。ロックダウン、サプライチェーンの混乱、経済の不確実性により、プロジェクトの開発と資金調達が制限されています。さらに、目先の健康問題や経済問題への関心が再生可能エネルギー事業から遠ざかり、政府や産業界は長期的な持続可能な取り組みよりも短期的な景気回復を優先し、それが市場の成長を妨げています。

予測期間中は放射性セグメントが最大になる見込み

放射性セグメントは、地熱エネルギーの地理的範囲を広げ、より高い放射性熱源を持つ地域で適用できるようにするため、最大のシェアを占めると推定されます。これらの地層は、ウラン、トリウム、カリウムなどの放射性元素を含んでおり、時間とともに崩壊して熱を放出します。さらに、地球の天然熱貯留層を利用する戦略的アプローチを反映し、放射性熱生産に資する特定の地質特性を持つ地域にEGS技術の普及を推進しています。

予測期間中にCAGRが最も高くなると予想されるのは油圧セグメントです。

予測期間中、水力セグメントのCAGRが最も高くなると予想されます。水圧刺激は、浸透性を高めて亀裂を生じさせるために深部岩層に水を注入することを含みます。地熱貯留層内の熱伝達効率を最適化することに重点が置かれるため、EGS開発にとって極めて重要です。さらに、このアプローチは地熱エネルギー生産の全体的な実行可能性と拡張性を高め、このセグメントの成長を後押ししています。

最大のシェアを持つ地域：

推定期間中、欧州が最大の市場シェアを占めました。持続可能な開発と気候変動対策に重点を置いているため、これらの国々では、クリーンで再生可能なエネルギーのために地球の熱を利用するために、EGSを含む地熱技術への投資が増加しています。イタリアやドイツなど欧州の数カ国は、EGSの探査と導入の最前線にいます。エネルギーヴェンデ（エネルギー転換）への取り組みに加え、再生可能エネルギー目標に貢献するため、先進的な地熱技術を模索しています。

CAGRが最も高い地域：

アジア太平洋地域は、その多様な地質景観とエネルギー需要の増加により、予測期間中に最も高いCAGRを示すと予想されます。この地域には、Calpine Corporation、AltaRock Energy Inc.、Ormat Technologies, Inc.などの大手企業があります。さらに、二酸化炭素排出量の削減と持続可能なエネルギー源の促進を目指す取り組みが、EGS技術の採用をさらに後押ししています。

無料のカスタマイズサービス：

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

  • 企業プロファイル
    • 追加市場プレー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

目次

第1章 エグゼクティブサマリー

第2章 序文

  • 概要
  • ステークホルダー
  • 調査範囲
  • 調査手法
    • データマイニング
    • データ分析
    • データ検証
    • 調査アプローチ
  • 調査ソース
    • 1次調査ソース
    • 2次調査ソース
    • 前提条件

第3章 市場動向分析

  • 促進要因
  • 抑制要因
  • 機会
  • 脅威
  • エンドユーザー分析
  • 新興市場
  • 新型コロナウイルス感染症（COVID-19）の影響

第4章 ポーターのファイブフォース分析

  • 供給企業の交渉力
  • 買い手の交渉力
  • 代替品の脅威
  • 新規参入業者の脅威
  • 競争企業間の敵対関係

第5章 世界の強化地熱システム市場：資源タイプ別

  • 堆積盆地
  • ホットドライロック
  • 放射性物質
  • マグマ
  • その他

第6章 世界の強化地熱システム市場：深度別

  • 深い
  • 浅い

第7章 世界の強化地熱システム市場：シミュレーション方法別

  • 油圧
  • 熱
  • 化学薬品
  • その他

第8章 世界の強化地熱システム市場：エンドユーザー別

  • 商業
  • 住宅
  • その他

第9章 世界の強化地熱システム市場：地域別

  • 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 企業プロファイル

  • Enel SpA
  • Aboitiz Power Corporation
  • Mitsubishi Heavy Industries Ltd
  • AltaRock Energy, Inc.
  • Energy Development Corporation
  • Schlumberger
  • Quaise Energy
  • Toshiba Corporation
  • Ormat Technologies
  • Royal Dutch Shell Plc
  • Kenya Electricity Generating Company Limited
  • Greenfire Energy
  • Geodynamics Limited
  • Siemens AG
  • Calpine Corporation
図表

List of Tables

  • Table 1 Global Enhanced Geothermal System Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Enhanced Geothermal System Market Outlook, By Resource Type (2021-2030) ($MN)
  • Table 3 Global Enhanced Geothermal System Market Outlook, By Sedimentary Basin (2021-2030) ($MN)
  • Table 4 Global Enhanced Geothermal System Market Outlook, By Hot Dry Rock (2021-2030) ($MN)
  • Table 5 Global Enhanced Geothermal System Market Outlook, By Radiogenic (2021-2030) ($MN)
  • Table 6 Global Enhanced Geothermal System Market Outlook, By Molten Magma (2021-2030) ($MN)
  • Table 7 Global Enhanced Geothermal System Market Outlook, By Other Resource Types (2021-2030) ($MN)
  • Table 8 Global Enhanced Geothermal System Market Outlook, By Depth (2021-2030) ($MN)
  • Table 9 Global Enhanced Geothermal System Market Outlook, By Deep (2021-2030) ($MN)
  • Table 10 Global Enhanced Geothermal System Market Outlook, By Shallow (2021-2030) ($MN)
  • Table 11 Global Enhanced Geothermal System Market Outlook, By Simulation Method (2021-2030) ($MN)
  • Table 12 Global Enhanced Geothermal System Market Outlook, By Hydraulic (2021-2030) ($MN)
  • Table 13 Global Enhanced Geothermal System Market Outlook, By Thermal (2021-2030) ($MN)
  • Table 14 Global Enhanced Geothermal System Market Outlook, By Chemical (2021-2030) ($MN)
  • Table 15 Global Enhanced Geothermal System Market Outlook, By Other Stimulation Methods (2021-2030) ($MN)
  • Table 16 Global Enhanced Geothermal System Market Outlook, By End User (2021-2030) ($MN)
  • Table 17 Global Enhanced Geothermal System Market Outlook, By Commercial (2021-2030) ($MN)
  • Table 18 Global Enhanced Geothermal System Market Outlook, By Residential (2021-2030) ($MN)
  • Table 19 Global Enhanced Geothermal System Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 20 North America Enhanced Geothermal System Market Outlook, By Country (2021-2030) ($MN)
  • Table 21 North America Enhanced Geothermal System Market Outlook, By Resource Type (2021-2030) ($MN)
  • Table 22 North America Enhanced Geothermal System Market Outlook, By Sedimentary Basin (2021-2030) ($MN)
  • Table 23 North America Enhanced Geothermal System Market Outlook, By Hot Dry Rock (2021-2030) ($MN)
  • Table 24 North America Enhanced Geothermal System Market Outlook, By Radiogenic (2021-2030) ($MN)
  • Table 25 North America Enhanced Geothermal System Market Outlook, By Molten Magma (2021-2030) ($MN)
  • Table 26 North America Enhanced Geothermal System Market Outlook, By Other Resource Types (2021-2030) ($MN)
  • Table 27 North America Enhanced Geothermal System Market Outlook, By Depth (2021-2030) ($MN)
  • Table 28 North America Enhanced Geothermal System Market Outlook, By Deep (2021-2030) ($MN)
  • Table 29 North America Enhanced Geothermal System Market Outlook, By Shallow (2021-2030) ($MN)
  • Table 30 North America Enhanced Geothermal System Market Outlook, By Simulation Method (2021-2030) ($MN)
  • Table 31 North America Enhanced Geothermal System Market Outlook, By Hydraulic (2021-2030) ($MN)
  • Table 32 North America Enhanced Geothermal System Market Outlook, By Thermal (2021-2030) ($MN)
  • Table 33 North America Enhanced Geothermal System Market Outlook, By Chemical (2021-2030) ($MN)
  • Table 34 North America Enhanced Geothermal System Market Outlook, By Other Stimulation Methods (2021-2030) ($MN)
  • Table 35 North America Enhanced Geothermal System Market Outlook, By End User (2021-2030) ($MN)
  • Table 36 North America Enhanced Geothermal System Market Outlook, By Commercial (2021-2030) ($MN)
  • Table 37 North America Enhanced Geothermal System Market Outlook, By Residential (2021-2030) ($MN)
  • Table 38 North America Enhanced Geothermal System Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 39 Europe Enhanced Geothermal System Market Outlook, By Country (2021-2030) ($MN)
  • Table 40 Europe Enhanced Geothermal System Market Outlook, By Resource Type (2021-2030) ($MN)
  • Table 41 Europe Enhanced Geothermal System Market Outlook, By Sedimentary Basin (2021-2030) ($MN)
  • Table 42 Europe Enhanced Geothermal System Market Outlook, By Hot Dry Rock (2021-2030) ($MN)
  • Table 43 Europe Enhanced Geothermal System Market Outlook, By Radiogenic (2021-2030) ($MN)
  • Table 44 Europe Enhanced Geothermal System Market Outlook, By Molten Magma (2021-2030) ($MN)
  • Table 45 Europe Enhanced Geothermal System Market Outlook, By Other Resource Types (2021-2030) ($MN)
  • Table 46 Europe Enhanced Geothermal System Market Outlook, By Depth (2021-2030) ($MN)
  • Table 47 Europe Enhanced Geothermal System Market Outlook, By Deep (2021-2030) ($MN)
  • Table 48 Europe Enhanced Geothermal System Market Outlook, By Shallow (2021-2030) ($MN)
  • Table 49 Europe Enhanced Geothermal System Market Outlook, By Simulation Method (2021-2030) ($MN)
  • Table 50 Europe Enhanced Geothermal System Market Outlook, By Hydraulic (2021-2030) ($MN)
  • Table 51 Europe Enhanced Geothermal System Market Outlook, By Thermal (2021-2030) ($MN)
  • Table 52 Europe Enhanced Geothermal System Market Outlook, By Chemical (2021-2030) ($MN)
  • Table 53 Europe Enhanced Geothermal System Market Outlook, By Other Stimulation Methods (2021-2030) ($MN)
  • Table 54 Europe Enhanced Geothermal System Market Outlook, By End User (2021-2030) ($MN)
  • Table 55 Europe Enhanced Geothermal System Market Outlook, By Commercial (2021-2030) ($MN)
  • Table 56 Europe Enhanced Geothermal System Market Outlook, By Residential (2021-2030) ($MN)
  • Table 57 Europe Enhanced Geothermal System Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 58 Asia Pacific Enhanced Geothermal System Market Outlook, By Country (2021-2030) ($MN)
  • Table 59 Asia Pacific Enhanced Geothermal System Market Outlook, By Resource Type (2021-2030) ($MN)
  • Table 60 Asia Pacific Enhanced Geothermal System Market Outlook, By Sedimentary Basin (2021-2030) ($MN)
  • Table 61 Asia Pacific Enhanced Geothermal System Market Outlook, By Hot Dry Rock (2021-2030) ($MN)
  • Table 62 Asia Pacific Enhanced Geothermal System Market Outlook, By Radiogenic (2021-2030) ($MN)
  • Table 63 Asia Pacific Enhanced Geothermal System Market Outlook, By Molten Magma (2021-2030) ($MN)
  • Table 64 Asia Pacific Enhanced Geothermal System Market Outlook, By Other Resource Types (2021-2030) ($MN)
  • Table 65 Asia Pacific Enhanced Geothermal System Market Outlook, By Depth (2021-2030) ($MN)
  • Table 66 Asia Pacific Enhanced Geothermal System Market Outlook, By Deep (2021-2030) ($MN)
  • Table 67 Asia Pacific Enhanced Geothermal System Market Outlook, By Shallow (2021-2030) ($MN)
  • Table 68 Asia Pacific Enhanced Geothermal System Market Outlook, By Simulation Method (2021-2030) ($MN)
  • Table 69 Asia Pacific Enhanced Geothermal System Market Outlook, By Hydraulic (2021-2030) ($MN)
  • Table 70 Asia Pacific Enhanced Geothermal System Market Outlook, By Thermal (2021-2030) ($MN)
  • Table 71 Asia Pacific Enhanced Geothermal System Market Outlook, By Chemical (2021-2030) ($MN)
  • Table 72 Asia Pacific Enhanced Geothermal System Market Outlook, By Other Stimulation Methods (2021-2030) ($MN)
  • Table 73 Asia Pacific Enhanced Geothermal System Market Outlook, By End User (2021-2030) ($MN)
  • Table 74 Asia Pacific Enhanced Geothermal System Market Outlook, By Commercial (2021-2030) ($MN)
  • Table 75 Asia Pacific Enhanced Geothermal System Market Outlook, By Residential (2021-2030) ($MN)
  • Table 76 Asia Pacific Enhanced Geothermal System Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 77 South America Enhanced Geothermal System Market Outlook, By Country (2021-2030) ($MN)
  • Table 78 South America Enhanced Geothermal System Market Outlook, By Resource Type (2021-2030) ($MN)
  • Table 79 South America Enhanced Geothermal System Market Outlook, By Sedimentary Basin (2021-2030) ($MN)
  • Table 80 South America Enhanced Geothermal System Market Outlook, By Hot Dry Rock (2021-2030) ($MN)
  • Table 81 South America Enhanced Geothermal System Market Outlook, By Radiogenic (2021-2030) ($MN)
  • Table 82 South America Enhanced Geothermal System Market Outlook, By Molten Magma (2021-2030) ($MN)
  • Table 83 South America Enhanced Geothermal System Market Outlook, By Other Resource Types (2021-2030) ($MN)
  • Table 84 South America Enhanced Geothermal System Market Outlook, By Depth (2021-2030) ($MN)
  • Table 85 South America Enhanced Geothermal System Market Outlook, By Deep (2021-2030) ($MN)
  • Table 86 South America Enhanced Geothermal System Market Outlook, By Shallow (2021-2030) ($MN)
  • Table 87 South America Enhanced Geothermal System Market Outlook, By Simulation Method (2021-2030) ($MN)
  • Table 88 South America Enhanced Geothermal System Market Outlook, By Hydraulic (2021-2030) ($MN)
  • Table 89 South America Enhanced Geothermal System Market Outlook, By Thermal (2021-2030) ($MN)
  • Table 90 South America Enhanced Geothermal System Market Outlook, By Chemical (2021-2030) ($MN)
  • Table 91 South America Enhanced Geothermal System Market Outlook, By Other Stimulation Methods (2021-2030) ($MN)
  • Table 92 South America Enhanced Geothermal System Market Outlook, By End User (2021-2030) ($MN)
  • Table 93 South America Enhanced Geothermal System Market Outlook, By Commercial (2021-2030) ($MN)
  • Table 94 South America Enhanced Geothermal System Market Outlook, By Residential (2021-2030) ($MN)
  • Table 95 South America Enhanced Geothermal System Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 96 Middle East & Africa Enhanced Geothermal System Market Outlook, By Country (2021-2030) ($MN)
  • Table 97 Middle East & Africa Enhanced Geothermal System Market Outlook, By Resource Type (2021-2030) ($MN)
  • Table 98 Middle East & Africa Enhanced Geothermal System Market Outlook, By Sedimentary Basin (2021-2030) ($MN)
  • Table 99 Middle East & Africa Enhanced Geothermal System Market Outlook, By Hot Dry Rock (2021-2030) ($MN)
  • Table 100 Middle East & Africa Enhanced Geothermal System Market Outlook, By Radiogenic (2021-2030) ($MN)
  • Table 101 Middle East & Africa Enhanced Geothermal System Market Outlook, By Molten Magma (2021-2030) ($MN)
  • Table 102 Middle East & Africa Enhanced Geothermal System Market Outlook, By Other Resource Types (2021-2030) ($MN)
  • Table 103 Middle East & Africa Enhanced Geothermal System Market Outlook, By Depth (2021-2030) ($MN)
  • Table 104 Middle East & Africa Enhanced Geothermal System Market Outlook, By Deep (2021-2030) ($MN)
  • Table 105 Middle East & Africa Enhanced Geothermal System Market Outlook, By Shallow (2021-2030) ($MN)
  • Table 106 Middle East & Africa Enhanced Geothermal System Market Outlook, By Simulation Method (2021-2030) ($MN)
  • Table 107 Middle East & Africa Enhanced Geothermal System Market Outlook, By Hydraulic (2021-2030) ($MN)
  • Table 108 Middle East & Africa Enhanced Geothermal System Market Outlook, By Thermal (2021-2030) ($MN)
  • Table 109 Middle East & Africa Enhanced Geothermal System Market Outlook, By Chemical (2021-2030) ($MN)
  • Table 110 Middle East & Africa Enhanced Geothermal System Market Outlook, By Other Stimulation Methods (2021-2030) ($MN)
  • Table 111 Middle East & Africa Enhanced Geothermal System Market Outlook, By End User (2021-2030) ($MN)
  • Table 112 Middle East & Africa Enhanced Geothermal System Market Outlook, By Commercial (2021-2030) ($MN)
  • Table 113 Middle East & Africa Enhanced Geothermal System Market Outlook, By Residential (2021-2030) ($MN)
  • Table 114 Middle East & Africa Enhanced Geothermal System Market Outlook, By Other End Users (2021-2030) ($MN)
目次
Product Code: SMRC25187

According to Stratistics MRC, the Global Enhanced Geothermal System Market is accounted for $2.1 billion in 2023 and is expected to reach $3.4 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Enhanced Geothermal System (EGS) is a technology that enhances traditional geothermal power generation by creating artificial reservoirs in hot rock formations deep beneath the Earth's surface. It involves injecting water into existing fractures to create a network of interconnected channels, increasing permeability. In addition, EGS expands the potential of geothermal energy to regions lacking natural reservoirs, making it a promising, sustainable, and reliable source of clean power with reduced environmental impact compared to traditional fossil fuels.

According to the GeoVision report, the U.S. has the potential for 17,500 Geothermal District Heating (GDH) systems to operate by 2050.

Market Dynamics:

Driver:

Increasing consumer awareness

Consumers are increasingly informed about the environmental impact of traditional refrigeration methods, including the harmful effects of certain refrigerants on the ozone layer and their contribution to global warming. Characteristics such as the use of low-GWP materials and improved energy efficiency align with this growing demand for eco-friendly solutions. Furthermore, awareness campaigns, educational initiatives, and transparent communication have thereby propelled this market.

Restraint:

High initial costs

The need for extensive drilling and well stimulation operations is one of the primary reasons for the high initial costs of EGS. The process involves drilling deep into the earth's crust, which requires specialized equipment, skilled labor, and substantial investment, contributing to the overall expenses. Furthermore, this uncertainty discourages potential investors who may be hesitant to fund projects with unpredictable outcomes, thereby significantly hindering this market.

Opportunity:

Technological advancements

EGS involves harnessing geothermal energy from deep within the Earth's crust, where traditional geothermal resources are limited. Developments in drilling technologies, like hydraulic fracturing and directed drilling, have made it possible to reach hotter and deeper rock formations, increasing the geographic reach of feasible geothermal projects. Moreover, these technological innovations have addressed historical challenges associated with EGS, which is driving this market.

Threat:

Lack of standardization

The absence of standardized practices and technologies creates barriers to entry for new players and potential investors who may be hesitant to participate in a market where there are no established benchmarks or best practices. The absence of standardization makes it difficult to compare and assess the performance of different EGS projects. Furthermore, the absence of standardization hampers collaboration and knowledge sharing among stakeholders in this market.

Covid-19 Impact

The COVID-19 pandemic has adversely affected the Enhanced Geothermal System (EGS) market, introducing several challenges that impede its growth. Lockdowns, supply chain disruptions, and economic uncertainties have limited project development and financing. Furthermore, the focus on immediate health and economic concerns has shifted attention away from renewable energy projects, with governments and industries prioritizing short-term recovery over long-term sustainable initiatives that have hampered market growth.

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

The radiogenic segment is estimated to hold the largest share because it broadens the geographical scope of geothermal energy, making it applicable in regions with higher radiogenic heat sources. These formations contain radioactive elements such as uranium, thorium, and potassium, which decay and release heat over time. Furthermore, it reflects a strategic approach to harnessing Earth's natural heat reservoirs and propelling the reach of EGS technology to areas with specific geological characteristics conducive to radiogenic heat production.

The hydraulic segment is expected to have the highest CAGR during the forecast period

The hydraulic segment is anticipated to have highest CAGR during the forecast period. Hydraulic stimulation involves injecting water into deep rock formations to enhance permeability and create fractures. It is crucial to EGS development as it focuses on optimizing the efficiency of heat transfer within the geothermal reservoir. Moreover, this approach enhances the overall viability and scalability of geothermal energy production, which is boosting this segment's growth.

Region with largest share:

Europe commanded the largest market share during the extrapolated period. Due to a focus on sustainable development and combating climate change, these countries are increasingly investing in geothermal technologies, including EGS, to harness the Earth's heat for clean and renewable energy. Several European nations, such as Italy and Germany, are at the forefront of EGS exploration and implementation. In addition to its commitment to the Energiewende (energy transition), it is also exploring advanced geothermal technologies to contribute to its renewable energy goals.

Region with highest CAGR:

Asia Pacific is expected to witness highest CAGR over the projection period, owing to its diverse geological landscape and increasing energy demand. This region is home to some of the major players, such as Calpine Corporation, AltaRock Energy Inc., and Ormat Technologies, Inc. Moreover, initiatives aimed at reducing carbon emissions and promoting sustainable energy sources further drive the adoption of EGS technologies.

Key players in the market

Some of the key players in the Enhanced Geothermal System Market include Enel SpA, Aboitiz Power Corporation, Mitsubishi Heavy Industries Ltd, AltaRock Energy, Inc., Energy Development Corporation, Schlumberger, Quaise Energy, Toshiba Corporation, Ormat Technologies, Royal Dutch Shell Plc, Kenya Electricity Generating Company Limited, Greenfire Energy, Geodynamics Limited, Siemens AG and Calpine Corporation.

Key Developments:

In January 2024, Mitsubishi Heavy Industries is launching new television commercials promoting its lineups of air-conditioners for the Japanese market. As with its previous ads, the new commercials will be broadcast in two versions: one for its lineup of "kashikoi" (smart) residential air-conditioners and the other for its "kigakiku" (attentive) commercial air-conditioners.

In October 2023, Microsoft and Siemens are deepening their partnership by bringing the benefits of generative AI to industries worldwide.

Resource Types Covered:

  • Sedimentary Basin
  • Hot Dry Rock
  • Radiogenic
  • Molten Magma
  • Other Resource Types

Depths Covered:

  • Deep
  • Shallow

Simulation Methods Covered:

  • Hydraulic
  • Thermal
  • Chemical
  • Other Stimulation Methods

End Users Covered:

  • Commercial
  • Residential
  • Other End Users

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

Table of Contents

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 End User Analysis
  • 3.7 Emerging Markets
  • 3.8 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 Enhanced Geothermal System Market, By Resource Type

  • 5.1 Introduction
  • 5.2 Sedimentary Basin
  • 5.3 Hot Dry Rock
  • 5.4 Radiogenic
  • 5.5 Molten Magma
  • 5.6 Other Resource Types

6 Global Enhanced Geothermal System Market, By Depth

  • 6.1 Introduction
  • 6.2 Deep
  • 6.3 Shallow

7 Global Enhanced Geothermal System Market, By Simulation Method

  • 7.1 Introduction
  • 7.2 Hydraulic
  • 7.3 Thermal
  • 7.4 Chemical
  • 7.5 Other Stimulation Methods

8 Global Enhanced Geothermal System Market, By End User

  • 8.1 Introduction
  • 8.2 Commercial
  • 8.3 Residential
  • 8.4 Other End Users

9 Global Enhanced Geothermal System 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 Enel SpA
  • 11.2 Aboitiz Power Corporation
  • 11.3 Mitsubishi Heavy Industries Ltd
  • 11.4 AltaRock Energy, Inc.
  • 11.5 Energy Development Corporation
  • 11.6 Schlumberger
  • 11.7 Quaise Energy
  • 11.8 Toshiba Corporation
  • 11.9 Ormat Technologies
  • 11.10 Royal Dutch Shell Plc
  • 11.11 Kenya Electricity Generating Company Limited
  • 11.12 Greenfire Energy
  • 11.13 Geodynamics Limited
  • 11.14 Siemens AG
  • 11.15 Calpine Corporation