According to the research report, the global geothermal power market size is expected to touch USD 7.1 Billion by 2030, from USD 5.48 Billion in 2022, growing with a significant CAGR of 5% from 2022 to 2030.
The geothermal power report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global geothermal power in conjunction with the geographical landscape of this vertical have also been included in this report.
The report offers intricate dynamics about different aspects of the global geothermal power market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global geothermal power during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).
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Report Scope of the Geothermal Power Market
| Report Coverage | Details |
| Market Size by 2030 | USD 7.1 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 5% |
| Largest Market | North America |
| Fastest Growing Region | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Plant, End User, Power Output, Region |
This study covers a detailed segmentation of the global geothermal power market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global geothermal power market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.
Key Players
- Calpine
- Ormat Technologies Inc.
- Enel Green Power North America Inc.
- Gradient Resources
- Toshiba International Corp.
- EthosEnergy Group
- ThermaSource LLC
- Terra-Gen Power LLC
- Chevron Corp.
- Berkshire Hathaway Inc.
- U.S. Geothermal Inc.
Market Segmentation
By Plant Type
- Binary Cycle Power Plants
- Flash Steam Plants
- Dry Steam Plants
By End User
- Residential
- Industrial
- Commercial
- Others
By Power Output
- Up to 5 MW
- Above 5 MW
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Research Methodology
The research methodology adopted by analysts for compiling the global geothermal power report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global geothermal power market.
TABLE OF CONTENT
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Geothermal Power Market
5.1. COVID-19 Landscape: Geothermal Power Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Geothermal Power Market, By Plant Type
8.1. Geothermal Power Market, by Plant Type, 2022-2030
8.1.1Binary Cycle Power Plants
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Flash Steam Plants
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Dry Steam Plants
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Geothermal Power Market, By End User
9.1. Geothermal Power Market, by End User, 2022-2030
9.1.1. Residential
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Industrial
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Commercial
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Geothermal Power Market, By Power Output
10.1. Geothermal Power Market, by Power Output, 2022-2030
10.1.1. Up to 5 MW
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Above 5 MW
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Geothermal Power Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.1.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.1.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.1.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.2.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.2.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.2.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.2.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.2.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.3.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.3.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.3.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.3.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.3.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.4.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.4.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.4.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.4.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.5.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Power Output (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Plant Type (2017-2030)
11.5.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Power Output (2017-2030)
Chapter 12. Company Profiles
12.1.Calpine
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Ormat Technologies Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Enel Green Power North America Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Gradient Resources
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Toshiba International Corp.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. EthosEnergy Group
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. ThermaSource LLC
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Terra-Gen Power LLC
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Chevron Corp.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Berkshire Hathaway Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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