Product Code: EP 8539
The geothermal energy market is estimated to grow from USD 7.0 Billion in 2022 to USD 9.4 Billion by 2027; it is expected to record a CAGR of 5.9% during the forecast period. Geothermal energy market is driven by major factors such as need for renewable power generation, increasing adaptaion of ground source heat pumps (GHP), and favorable government policies
"Power Generation segment is expected to emerge as the largest segment based on application"
By application, the geothermal energy market has been segmented into power generation, residential heating and cooling, commercial heating and cooling, and others. The power generation segment is expected to be the largest segment during the forecast period due to the increasing demand for sustainable energy in every sector. Also, geothermal energy is preferred over other renewable forms of energy such as wind, solar, and hydropower for power generation.
"Flash Steam Plants segment is expected to emerge as the second largest segment based on technology"
By technology, the geothermal energy market has been segmented into Binary Cycle plants, Flash Steam Plants, Dry Steam Plants, Ground Source Heat Pumps, Direct Systems, and others. The Flash Steam Plants segment is expected to be the second largest segment during the forecast period. The Flash steam plants vary in size depending on whether they are single- (0.2-80 MW), double - (2-110 MW), & triple-flash (60- 150 MW) plants. It produces about 27 kg/MWh of CO2 emissions while a binary power plant produces zero CO2 emissions. As per the favorable government policies and mature technology of dry steam plants are expected to drive the geothermal energy market.
"Europe is expected to be the second largest market during the forecast period."
Europe is expected to be the second-fastest growing market due to the advancements in suitable geographical areas and many countries focused on the use of geothermal energy for electricity production and other applications and their increased high investment for new projects in the region are expected to drive the growth of the geothermal energy market in Europe.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%and Tier 3- 11%
By Designation: C-Level- 30%, Managers- 25%, and Others- 45%
By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, the Middle East & Africa- 8%, and South America- 12%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The geothermal energy market is dominated by a few major players that have a wide regional presence. The leading players in the geothermal energy market are Ormat (US), Mitsubishi Heavy Industries, Ltd. (Japan), Baker Hughes Company (US), NIBE Group (Sweden), and SLB (US).
Research Coverage:
The report defines, describes, and forecasts the global geothermal energy market, by technology, temperature, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the geothermal energy market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for geothermal energy, which would help equipment manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them to make better strategic decisions.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 INCLUSIONS & EXCLUSIONS
- 1.3.1 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY: INCLUSIONS & EXCLUSIONS
- 1.3.2 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE: INCLUSIONS & EXCLUSIONS
- 1.3.3 GEOTHERMAL ENERGY MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS
- 1.4 MARKET SCOPE
- 1.4.1 GEOTHERMAL ENERGY MARKET: SEGMENTATION
- 1.4.2 REGIONAL SCOPE
- 1.4.3 YEARS CONSIDERED
- 1.5 UNITS CONSIDERED
- 1.6 CURRENCY CONSIDERED
- 1.7 RECESSION IMPACT
- 1.8 SUMMARY OF CHANGES
- 1.9 LIMITATIONS
- 1.10 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- FIGURE 1 GEOTHERMAL ENERGY MARKET: RESEARCH DESIGN
- 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
- FIGURE 2 DATA TRIANGULATION METHODOLOGY
- 2.2.1 SECONDARY DATA
- 2.2.1.1 Key data from secondary sources
- 2.2.2 PRIMARY DATA
- 2.2.2.1 Key data from primary sources
- 2.2.2.2 Breakdown of primaries
- 2.3 SCOPE
- FIGURE 3 MAIN METRICS CONSIDERED TO CONSTRUCT AND ASSESS DEMAND FOR GEOTHERMAL ENERGY SYSTEMS
- 2.4 MARKET SIZE ESTIMATION
- 2.4.1 DEMAND-SIDE ANALYSIS
- FIGURE 4 GEOTHERMAL ENERGY MARKET: REGION-WISE ANALYSIS
- 2.4.1.1 Calculation
- 2.4.1.2 Assumptions
- 2.4.2 SUPPLY-SIDE ANALYSIS
- FIGURE 5 GEOTHERMAL ENERGY MARKET: SUPPLY-SIDE ANALYSIS
- FIGURE 6 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF GEOTHERMAL ENERGY SYSTEMS
- 2.4.3 FORECAST
3 EXECUTIVE SUMMARY
- TABLE 1 GEOTHERMAL ENERGY MARKET SNAPSHOT
- FIGURE 7 BINARY CYCLE PLANTS SEGMENT TO LEAD GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD
- FIGURE 8 MEDIUM TEMPERATURE SEGMENT TO REGISTER HIGHEST CAGR IN GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, DURING FORECAST PERIOD
- FIGURE 9 POWER GENERATION SEGMENT TO DOMINATE GEOTHERMAL ENERGY MARKET, BY APPLICATION, DURING FORECAST PERIOD
- FIGURE 10 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF GEOTHERMAL ENERGY MARKET BETWEEN 2022 AND 2027
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR GEOTHERMAL ENERGY MARKET PLAYERS
- FIGURE 11 FAVORABLE RENEWABLE ENERGY POLICIES TO DRIVE GEOTHERMAL ENERGY MARKET DURING 2022-2027
- 4.2 GEOTHERMAL ENERGY MARKET, BY REGION
- FIGURE 12 ASIA PACIFIC GEOTHERMAL ENERGY MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
- 4.3 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY
- FIGURE 13 BINARY CYCLE PLANTS SEGMENT DOMINATED GEOTHERMAL ENERGY MARKET IN 2021
- 4.4 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE
- FIGURE 14 MEDIUM TEMPERATURE SEGMENT ACCOUNTED FOR LARGEST SHARE OF GEOTHERMAL ENERGY MARKET IN 2021
- 4.5 GEOTHERMAL ENERGY MARKET, BY APPLICATION
- FIGURE 15 POWER GENERATION SEGMENT HELD LARGEST SHARE OF GEOTHERMAL ENERGY MARKET IN 2021
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- FIGURE 16 GEOTHERMAL ENERGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
- 5.2.1 DRIVERS
- 5.2.1.1 Surging demand for ground source/geothermal heat pumps
- FIGURE 17 ENERGY CONSUMPTION IN US, BY SECTOR, 2021
- FIGURE 18 AIR CONDITIONING USAGE IN US HOUSEHOLDS, 2001-2020
- 5.2.1.2 Favorable government policies and initiatives
- FIGURE 19 GEOTHERMAL TECHNOLOGIES OFFICE FISCAL YEAR APPROPRIATIONS IN US, 2012-2021
- 5.2.1.3 Use of geothermal energy for power generation
- FIGURE 20 GLOBAL CUMULATIVE GEOTHERMAL ELECTRICITY GENERATION CAPACITY, 2015-2021
- FIGURE 21 GEOTHERMAL ELECTRICITY CAPACITY (MW), BY COUNTRY, 2021
- 5.2.1.4 Focus on addressing climate crisis and reducing greenhouse gas emissions
- FIGURE 22 GREENHOUSE GAS AND CO2 EMISSIONS IN US, 2010-2021
- 5.2.2 RESTRAINTS
- 5.2.2.1 High growth of solar, wind, gas, and other alternative renewable energy sources
- FIGURE 23 GLOBAL INSTALLED POWER GENERATION CAPACITY, BY SOURCE, 2015-2021
- 5.2.2.2 Lack of exploration and drilling techniques required to identify and develop undiscovered geothermal resources
- 5.2.2.3 Expensive geothermal well drilling leading to high upfront project costs
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Emergence of advanced technologies and rise of Geothermal 2.0
- 5.2.3.2 Co-production and conversion of oil and gas wells for geothermal energy
- TABLE 2 MAJOR DEVELOPMENTS PERTAINING TO USE OF OIL AND GAS WELLS FOR GEOTHERMAL INSTALLATIONS
- 5.2.3.3 Geothermal potential for low- and medium-temperature resources
- 5.2.3.4 Mineral extraction using geothermal energy
- 5.2.4 CHALLENGES
- 5.2.4.1 Acquisition of power purchase agreements (PPAs)
- 5.2.4.2 Multiple environmental reviews and assessments associated with geothermal projects
- FIGURE 24 EXAMPLE OF TIMELINE OF GEOTHERMAL PROJECT ON FEDERAL LANDS
- 5.2.4.3 Absence of geothermal professionals, consultants, and businesses
- TABLE 3 PERSONNEL REQUIREMENTS IN DIFFERENT STAGES OF GEOTHERMAL DEVELOPMENT (50 MW)
- 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR GEOTHERMAL ENERGY SYSTEM PROVIDERS
- FIGURE 25 REVENUE SHIFTS FOR GEOTHERMAL ENERGY SYSTEM PROVIDERS
- 5.4 MARKET MAP
- FIGURE 26 MARKET MAP: GEOTHERMAL ENERGY MARKET
- TABLE 4 GEOTHERMAL ENERGY MARKET: ROLE IN ECOSYSTEM
- 5.5 SUPPLY CHAIN ANALYSIS
- 5.5.1 SUPPLY CHAIN ANALYSIS OF GEOTHERMAL COMBINED HEAT AND POWER GENERATION
- FIGURE 27 SUPPLY CHAIN ANALYSIS: GEOTHERMAL COMBINED HEAT AND POWER GENERATION
- 5.5.1.1 Exploration & feasibility
- 5.5.1.2 Development
- 5.5.1.3 Drilling
- 5.5.1.4 Front-end engineering and design (FEED)
- 5.5.1.5 Manufacturing
- 5.5.1.6 Construction/Engineering, procurement, and construction (EPC)
- 5.5.1.7 Operations and maintenance
- 5.5.2 SUPPLY CHAIN ANALYSIS OF GEOTHERMAL ENERGY MARKET FOR GROUND SOURCE/GEOTHERMAL HEAT PUMPS
- FIGURE 28 SUPPLY CHAIN ANALYSIS: GEOTHERMAL ENERGY MARKET - GROUND SOURCE/GEOTHERMAL HEAT PUMPS
- 5.5.2.1 Raw material suppliers
- 5.5.2.2 Original equipment manufacturers (OEMs)
- 5.5.2.3 Distributors
- 5.5.2.4 End Users
- 5.6 KEY CONFERENCES & EVENTS, 2022-2023
- TABLE 5 GEOTHERMAL ENERGY MARKET: LIST OF CONFERENCES & EVENTS
- 5.7 CODES, POLICIES, AND REGULATIONS
- 5.7.1 CODES, POLICIES, AND REGULATIONS RELATED TO GEOTHERMAL ENERGY SYSTEMS
- TABLE 6 GEOTHERMAL ENERGY SYSTEMS: CODES AND REGULATIONS
- 5.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 7 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 11 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.8 PATENT ANALYSIS
- TABLE 12 GEOTHERMAL ENERGY SYSTEMS: INNOVATIONS AND PATENT REGISTRATIONS, APRIL 2015-MAY 2022
- 5.9 PORTER'S FIVE FORCES ANALYSIS
- FIGURE 29 GEOTHERMAL ENERGY MARKET: PORTER'S FIVE FORCES ANALYSIS
- TABLE 13 GEOTHERMAL ENERGY MARKET: PORTER'S FIVE FORCES ANALYSIS
- 5.9.1 THREAT OF SUBSTITUTES
- 5.9.2 BARGAINING POWER OF SUPPLIERS
- 5.9.3 BARGAINING POWER OF BUYERS
- 5.9.4 THREAT OF NEW ENTRANTS
- 5.9.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.10 CASE STUDY ANALYSIS
- 5.10.1 ENERGY-EFFICIENT GEOTHERMAL HEATING AND COOLING AT DETACHED HOUSE IN WESTHOFFEN, FRANCE
- 5.10.1.1 Problem statement
- 5.10.1.2 Solution
- 5.10.2 ELDERLY ACCOMMODATION CENTER IN MEUNG SUR LOIRE, FRANCE, USES GEOTHERMAL ENERGY FOR HEATING AND COOLING
- 5.10.2.1 Problem statement
- 5.10.2.2 Solution
- 5.10.3 CHATEAU PONTET-CANET WINERY SUSTAINABLY USES GEOTHERMAL ENERGY AT VINEYARD
- 5.10.3.1 Problem statement
- 5.10.3.2 Solution
- 5.10.4 MITSUBISHI HEAVY INDUSTRIES SUPPORTS GEOTHERMAL DEVELOPMENT IN KENYA
- 5.10.4.1 Problem statement
- 5.10.4.2 Solution
- 5.11 GEOTHERMAL RESOURCES
- 5.11.1 GEOTHERMAL HEAT-PUMP RESOURCES
- 5.11.2 HYDROTHERMAL RESOURCES
- 5.11.3 UNCONVENTIONAL RESOURCES (ENHANCED GEOTHERMAL SYSTEMS)
- 5.12 TECHNOLOGY ANALYSIS
- 5.12.1 ENHANCED GEOTHERMAL RESOURCES
- 5.12.2 ADVANCED GEOTHERMAL RESOURCES
- 5.12.3 CLOSED-LOOP GEOTHERMAL (CLG) ENERGY
- 5.12.4 DISPATCHABLE GEOTHERMAL PLANTS
- 5.12.5 UNDERGROUND THERMAL ENERGY STORAGE
- 5.13 TRADE DATA
- FIGURE 30 GLOBAL IMPORT AND EXPORT SCENARIO FOR HS CODE 840681, 2018-2021 (USD BILLION)
- TABLE 14 GLOBAL TRADE DATA FOR HS CODE 840681, 2018-2021 (USD MILLION)
- FIGURE 31 GLOBAL IMPORT AND EXPORT SCENARIO FOR HS CODE 840682, 2018-2021 (USD BILLION)
- TABLE 15 GLOBAL TRADE DATA FOR HS CODE 840682, 2018-2021 (USD MILLION)
- FIGURE 32 GLOBAL IMPORT AND EXPORT SCENARIO FOR HS CODE: 841861, 2018-2021 (USD BILLION)
- TABLE 16 GLOBAL TRADE DATA FOR HS CODE: 841861, 2018-2021 (USD MILLION)
- 5.14 KEY STAKEHOLDERS & BUYING CRITERIA
- 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
- FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
- TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
- 5.14.2 BUYING CRITERIA
- FIGURE 34 KEY BUYING CRITERIA FOR END USERS
- TABLE 18 KEY BUYING CRITERIA, BY END USER
- 5.15 AVERAGE CAPITAL EXPENDITURE PRICE TREND
- FIGURE 35 AVERAGE CAPEX OF DIFFERENT TYPES OF GEOTHERMAL POWER PLANTS IN VARIOUS REGIONS
- TABLE 19 AVERAGE CAPEX OF DIFFERENT TYPES OF GEOTHERMAL POWER PLANTS IN VARIOUS REGIONS (USD/KW)
6 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY
- 6.1 INTRODUCTION
- FIGURE 36 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2021
- TABLE 20 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
- 6.2 BINARY CYCLE PLANTS
- 6.2.1 ABILITY TO UTILIZE MEDIUM-TEMPERATURE RESERVOIRS DRIVING MARKET
- TABLE 21 BINARY CYCLE PLANTS: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
- 6.3 DRY STEAM PLANTS
- 6.3.1 LARGE INSTALLED BASE OF DRY STEAM TECHNOLOGY DRIVING MARKET
- TABLE 22 DRY STEAM PLANTS: GEOTHERMAL ENERGY MARKET F, BY REGION, 2020-2027 (USD MILLION)
- 6.4 FLASH STEAM PLANTS
- 6.4.1 FAVORABLE GOVERNMENT POLICIES AND MATURE TECHNOLOGY OF FLASH STEAM PLANTS TO SUPPORT MARKET GROWTH
- TABLE 23 FLASH STEAM PLANTS: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
- 6.5 GROUND SOURCE HEAT PUMPS
- 6.5.1 LOW OPERATIONAL COST AND HIGH EFFICIENCY TO PROPEL ADOPTION
- TABLE 24 GROUND SOURCE HEAT PUMPS: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
- 6.6 DIRECT SYSTEMS
- 6.6.1 SIMPLICITY AND EFFICIENCY OF DIRECT-USE SYSTEMS TO FUEL DEMAND
- TABLE 25 DIRECT SYSTEMS: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
- 6.7 OTHERS
- TABLE 26 OTHERS: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
7 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE
- 7.1 INTRODUCTION
- FIGURE 37 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2021
- TABLE 27 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2020-2027 (USD MILLION)
- 7.2 LOW TEMPERATURE (LESS THAN 90°C)
- 7.2.1 LOW-TEMPERATURE GEOTHERMAL RESOURCES USED FOR DIRECT APPLICATIONS
- TABLE 28 LOW TEMPERATURE: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
- 7.3 MEDIUM TEMPERATURE (90-150°C)
- 7.3.1 MEDIUM-TEMPERATURE FIELDS INCREASINGLY USED FOR ELECTRICITY GENERATION
- TABLE 29 MEDIUM TEMPERATURE: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
- 7.4 HIGH TEMPERATURE (ABOVE 150°C)
- 7.4.1 HIGH-TEMPERATURE GEOTHERMAL ENERGY FOUND IN VOLCANIC AND SEISMICALLY ACTIVE REGIONS
- TABLE 30 HIGH TEMPERATURE: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
8 GEOTHERMAL ENERGY MARKET, BY APPLICATION
- 8.1 INTRODUCTION
- FIGURE 38 GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021
- TABLE 31 GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 8.2 POWER GENERATION
- 8.2.1 SURGING DEMAND FOR SUSTAINABLE ENERGY DRIVING MARKET
- TABLE 32 POWER GENERATION: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
- 8.3 RESIDENTIAL HEATING & COOLING
- 8.3.1 TOWERING ENERGY COST TO PROMPT RESIDENTIAL SECTOR TO ADOPT GEOTHERMAL ENERGY
- TABLE 33 RESIDENTIAL HEATING & COOLING: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
- 8.4 COMMERCIAL HEATING & COOLING
- 8.4.1 ADOPTION OF GEOTHERMAL ENERGY BY SMALL BUSINESSES TO PROPEL MARKET
- TABLE 34 COMMERCIAL HEATING & COOLING: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
- 8.5 OTHERS
- TABLE 35 OTHERS: GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
9 GEOTHERMAL ENERGY MARKET, BY REGION
- 9.1 INTRODUCTION
- FIGURE 39 GEOTHERMAL ENERGY MARKET IN NORTH AMERICA TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
- FIGURE 40 GEOTHERMAL ENERGY MARKET SHARE, IN TERMS OF VALUE, BY REGION, 2021 (%)
- TABLE 36 GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (USD MILLION)
- TABLE 37 GEOTHERMAL ENERGY MARKET, BY REGION, 2020-2027 (MWE)
- 9.2 ASIA PACIFIC
- FIGURE 41 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET SNAPSHOT
- TABLE 38 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
- 9.2.1 ASIA PACIFIC: RECESSION IMPACT
- TABLE 39 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2020-2027 (USD MILLION)
- TABLE 40 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- TABLE 41 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
- 9.2.2 CHINA
- 9.2.2.1 Plans to increase installed geothermal power capacity to propel market
- TABLE 42 CHINA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.2.3 JAPAN
- 9.2.3.1 Widespread use of geothermal energy to boost market
- TABLE 43 JAPAN: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.2.4 INDONESIA
- 9.2.4.1 Supportive government policies to encourage market growth
- TABLE 44 INDONESIA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.2.5 PHILIPPINES
- 9.2.5.1 Favorable geological conditions and high opportunities for investment in geothermal energy to drive market
- TABLE 45 PHILIPPINES: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.2.5.2 New Zealand
- 9.2.5.2.1 Investments in geothermal projects to push market
- TABLE 46 NEW ZEALAND: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.2.6 REST OF ASIA PACIFIC
- TABLE 47 REST OF ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.3 EUROPE
- FIGURE 42 EUROPE: GEOTHERMAL ENERGY MARKET SNAPSHOT
- 9.3.1 EUROPE: RECESSION IMPACT
- TABLE 48 EUROPE: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
- TABLE 49 EUROPE: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2020-2027 (USD MILLION)
- TABLE 50 EUROPE: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- TABLE 51 EUROPE: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
- 9.3.2 TURKEY
- 9.3.2.1 Geothermal Development Project to provide opportunities for market growth
- TABLE 52 TURKEY: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.3.3 GERMANY
- 9.3.3.1 Target of additional 100 geothermal projects by 2030 to accelerate market growth
- TABLE 53 GERMANY: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.3.4 ITALY
- 9.3.4.1 Increasing demand for geothermal heat pumps (GHPs) to drive market
- TABLE 54 ITALY: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.3.5 ICELAND
- 9.3.5.1 Abundance of geothermal resources to support market growth
- TABLE 55 ICELAND: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.3.6 REST OF EUROPE
- TABLE 56 REST OF EUROPE: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.4 NORTH AMERICA
- 9.4.1 NORTH AMERICA: RECESSION IMPACT
- TABLE 57 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
- TABLE 58 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2020-2027 (USD MILLION)
- TABLE 59 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- TABLE 60 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
- 9.4.2 US
- 9.4.2.1 Increasing demand for geothermal heat pumps to favor market
- TABLE 61 US: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.4.3 CANADA
- 9.4.3.1 Favorable government policy framework to fuel market growth
- TABLE 62 CANADA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.4.4 MEXICO
- 9.4.4.1 Initiation of multiple geothermal projects to augment market growth
- TABLE 63 MEXICO: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.5 MIDDLE EAST & AFRICA
- 9.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
- TABLE 64 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
- TABLE 65 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2020-2027 (USD MILLION)
- TABLE 66 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- TABLE 67 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
- 9.5.2 KENYA
- 9.5.2.1 Presence of suitable geological sites and favorable government policies to promote market growth
- TABLE 68 KENYA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.5.3 SAUDI ARABIA
- 9.5.3.1 Supportive government policies and increasing investments in renewables to drive market
- TABLE 69 SAUDI ARABIA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.5.4 REST OF MIDDLE EAST & AFRICA
- TABLE 70 REST OF MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.6 SOUTH AMERICA
- 9.6.1 SOUTH AMERICA: RECESSION IMPACT
- TABLE 71 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
- TABLE 72 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2020-2027 (USD MILLION)
- TABLE 73 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- TABLE 74 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
- 9.6.2 CHILE
- 9.6.2.1 Investments in new geothermal projects to foster market growth
- TABLE 75 CHILE: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
- 9.6.3 COLOMBIA
- 9.6.3.1 Changes in geothermal energy-related regulations to offer opportunities for market growth
- TABLE 76 COLOMBIA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
10 COMPETITIVE LANDSCAPE
- 10.1 STRATEGIES ADOPTED BY KEY PLAYERS
- TABLE 77 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, FEBRUARY 2021- MAY 2022
- 10.2 MARKET SHARE ANALYSIS OF TOP PLAYERS
- TABLE 78 GEOTHERMAL ENERGY MARKET FOR SURFACE PLANT EQUIPMENT AND SERVICES: DEGREE OF COMPETITION
- FIGURE 43 GEOTHERMAL ENERGY MARKET FOR SURFACE PLANT EQUIPMENT AND SERVICES: MARKET SHARE ANALYSIS, 2021
- TABLE 79 GEOTHERMAL ENERGY MARKET FOR SUB-SURFACE EQUIPMENT AND SERVICES: DEGREE OF COMPETITION
- FIGURE 44 GEOTHERMAL ENERGY MARKET FOR SUB-SURFACE EQUIPMENT AND SERVICES: MARKET SHARE ANALYSIS, 2021
- TABLE 80 GEOTHERMAL ENERGY MARKET FOR GROUND SOURCE/GEOTHERMAL HEAT PUMPS: DEGREE OF COMPETITION
- FIGURE 45 GEOTHERMAL ENERGY MARKET FOR GROUND SOURCE/GEOTHERMAL HEAT PUMPS: MARKET SHARE ANALYSIS, 2021
- 10.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS
- FIGURE 46 REVENUE OF TOP PLAYERS IN GEOTHERMAL ENERGY MARKET FROM 2017 TO 2021
- 10.4 COMPANY EVALUATION QUADRANT
- 10.4.1 STARS
- 10.4.2 PERVASIVE PLAYERS
- 10.4.3 EMERGING LEADERS
- 10.4.4 PARTICIPANTS
- FIGURE 47 COMPETITIVE LEADERSHIP MAPPING: GEOTHERMAL ENERGY MARKET, 2021
- 10.5 STARTUP/SME EVALUATION QUADRANT
- 10.5.1 PROGRESSIVE COMPANIES
- 10.5.2 RESPONSIVE COMPANIES
- 10.5.3 DYNAMIC COMPANIES
- 10.5.4 STARTING BLOCKS
- FIGURE 48 GEOTHERMAL ENERGY MARKET: START-UP/SME EVALUATION QUADRANT, 2021
- 10.5.5 GEOTHERMAL ENERGY MARKET: COMPETITIVE BENCHMARKING
- TABLE 81 GEOTHERMAL ENERGY MARKET: DETAILED LIST OF KEY SMES/STARTUPS
- TABLE 82 GEOTHERMAL ENERGY MARKET: COMPETITIVE BENCHMARKING OF KEY SMES SMES/STARTUPS
- 10.6 GEOTHERMAL ENERGY MARKET: COMPANY FOOTPRINT
- TABLE 83 BY PLAYER'S ROLE IN SUPPLY CHAIN: COMPANY FOOTPRINT
- TABLE 84 BY APPLICATION: COMPANY FOOTPRINT
- TABLE 85 BY REGION: COMPANY FOOTPRINT
- TABLE 86 COMPANY FOOTPRINT
- 10.7 COMPETITIVE SCENARIOS AND TRENDS
- TABLE 87 GEOTHERMAL ENERGY MARKET: PRODUCT LAUNCHES, 2020-2022
- TABLE 88 GEOTHERMAL ENERGY MARKET: DEALS, FEBRUARY 2021
- TABLE 89 GEOTHERMAL ENERGY MARKET: OTHERS, JANUARY 2021- NOVEMBER 2021
11 COMPANY PROFILES
- (Business Overview, Products, Recent Developments, MnM View)**
- 11.1 POWER PLANT EQUIPMENT PROVIDERS
- 11.1.1 ORMAT
- TABLE 90 ORMAT: COMPANY OVERVIEW
- FIGURE 49 ORMAT: COMPANY SNAPSHOT, 2021
- TABLE 91 ORMAT: PRODUCTS OFFERED
- TABLE 92 ORMAT: PRODUCT LAUNCHES
- TABLE 93 ORMAT: DEALS
- TABLE 94 ORMAT: OTHERS
- 11.1.2 MITSUBISHI HEAVY INDUSTRIES
- TABLE 95 MITSUBISHI HEAVY INDUSTRIES: COMPANY OVERVIEW
- FIGURE 50 MITSUBISHI HEAVY INDUSTRIES: COMPANY SNAPSHOT, 2021
- TABLE 96 MITSUBISHI HEAVY INDUSTRIES: PRODUCTS OFFERED
- TABLE 97 MITSUBISHI HEAVY INDUSTRIES: DEALS
- TABLE 98 MITSUBISHI HEAVY INDUSTRIES: OTHERS
- 11.1.3 GENERAL ELECTRIC
- TABLE 99 GENERAL ELECTRIC: COMPANY OVERVIEW
- FIGURE 51 GENERAL ELECTRIC: COMPANY SNAPSHOT, 2021
- TABLE 100 GENERAL ELECTRIC: PRODUCTS OFFERED
- 11.1.4 ANSALDO ENERGIA
- TABLE 101 ANSALDO ENERGIA: COMPANY OVERVIEW
- FIGURE 52 ANSALDO ENERGIA: COMPANY SNAPSHOT, 2021
- TABLE 102 ANSALDO ENERGIA: PRODUCTS OFFERED
- TABLE 103 ANSALDO ENERGIA: OTHERS
- 11.1.5 FUJI ELECTRIC
- TABLE 104 FUJI ELECTRIC: COMPANY OVERVIEW
- FIGURE 53 FUJI ELECTRIC: COMPANY SNAPSHOT, 2021
- TABLE 105 FUJI ELECTRIC: PRODUCTS OFFERED
- TABLE 106 FUJI ELECTRIC: OTHERS
- 11.1.6 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
- TABLE 107 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW
- TABLE 108 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS OFFERED
- TABLE 109 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS
- 11.1.7 SIEMENS ENERGY
- TABLE 110 SIEMENS ENERGY: COMPANY OVERVIEW
- FIGURE 54 SIEMENS ENERGY: COMPANY SNAPSHOT, 2021
- TABLE 111 SIEMENS ENERGY: PRODUCTS OFFERED
- TABLE 112 SIEMENS ENERGY: DEALS
- TABLE 113 SIEMENS ENERGY: OTHERS
- 11.1.8 EXERGY INTERNATIONAL SRL
- 11.1.9 ALTAROCK ENERGY
- 11.2 SUB-SURFACE EQUIPMENT AND SERVICE PROVIDERS
- 11.2.1 BAKER HUGHES COMPANY
- TABLE 114 BAKER HUGHES COMPANY: COMPANY OVERVIEW
- FIGURE 55 BAKER HUGHES COMPANY: COMPANY SNAPSHOT, 2021
- TABLE 115 BAKER HUGHES COMPANY: PRODUCTS OFFERED
- FIGURE 56 BAKER HUGHES COMPANY: SUPPLY CHANNEL ADOPTED
- TABLE 116 BAKER HUGHES COMPANY: PRODUCT LAUNCHES
- TABLE 117 BAKER HUGHES COMPANY: DEALS
- 11.2.2 SLB
- TABLE 118 SLB: COMPANY OVERVIEW
- FIGURE 57 SLB: COMPANY SNAPSHOT, 2021
- TABLE 119 SLB: PRODUCTS OFFERED
- TABLE 120 SLB: PRODUCT LAUNCHES
- TABLE 121 SLB: DEALS
- TABLE 122 SLB: OTHERS
- 11.2.3 HALLIBURTON
- TABLE 123 HALLIBURTON: COMPANY OVERVIEW
- FIGURE 58 HALLIBURTON: COMPANY SNAPSHOT, 2021
- TABLE 124 HALLIBURTON: PRODUCTS OFFERED
- TABLE 125 HALLIBURTON: PRODUCT LAUNCHES
- TABLE 126 HALLIBURTON: DEALS
- 11.2.4 NOV
- TABLE 127 NOV: COMPANY OVERVIEW
- FIGURE 59 NOV: COMPANY SNAPSHOT, 2021
- TABLE 128 NOV: PRODUCTS OFFERED
- TABLE 129 NOV: PRODUCT LAUNCHES
- TABLE 130 NOV: OTHERS
- 11.2.5 WEATHERFORD INTERNATIONAL
- TABLE 131 WEATHERFORD INTERNATIONAL: COMPANY OVERVIEW
- FIGURE 60 WEATHERFORD INTERNATIONAL: COMPANY SNAPSHOT, 2021
- TABLE 132 WEATHERFORD INTERNATIONAL: PRODUCTS OFFERED
- TABLE 133 WEATHERFORD INTERNATIONAL: PRODUCT LAUNCHES
- TABLE 134 WEATHERFORD INTERNATIONAL: DEALS
- TABLE 135 WEATHERFORD INTERNATIONAL: OTHERS
- 11.2.6 WELLTEC
- TABLE 136 WELLTEC: COMPANY OVERVIEW
- FIGURE 61 WELLTEC: COMPANY SNAPSHOT, 2021
- TABLE 137 WELLTEC: PRODUCTS OFFERED
- TABLE 138 WELLTEC: DEALS
- TABLE 139 WELLTEC: OTHERS
- 11.2.7 MANNVIT
- 11.3 GEOTHERMAL/GROUND SOURCE HEAT PUMP MANUFACTURERS AND SERVICE PROVIDERS
- 11.3.1 NIBE GROUP
- TABLE 140 NIBE GROUP: COMPANY OVERVIEW
- FIGURE 62 NIBE GROUP: COMPANY SNAPSHOT, 2021
- TABLE 141 NIBE GROUP: PRODUCTS OFFERED
- 11.3.2 CARRIER GLOBAL CORPORATION
- TABLE 142 CARRIER GLOBAL CORPORATION: COMPANY OVERVIEW
- FIGURE 63 CARRIER GLOBAL CORPORATION: COMPANY SNAPSHOT, 2021
- TABLE 143 CARRIER GLOBAL CORPORATION: PRODUCTS OFFERED
- TABLE 144 CARRIER GLOBAL CORPORATION: DEALS
- 11.3.3 DANFOSS
- 11.3.4 TRANE TECHNOLOGIES
- 11.3.5 BOSCH THERMOTECHNIK GMBH
- 11.3.6 VIESSMANN GROUP
- 11.3.7 DANDELION ENERGY
- *Details on Business Overview, Products, Recent Developments, MnM View might not be captured in case of unlisted companies.
12 APPENDIX
- 12.1 INSIGHTS FROM INDUSTRY EXPERTS
- 12.2 DISCUSSION GUIDE
- 12.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 12.4 CUSTOMIZATION OPTIONS
- 12.5 RELATED REPORTS
- 12.6 AUTHOR DETAILS