Geothermal Energy Market Size, Share & Forecast to 2032

The geothermal energy market is evolving as a vital player within the renewable energy sector, providing a stable and low-carbon power solution. Senior leaders seeking to optimize portfolios and address decarbonization goals are now considering geothermal’s blend of reliability, sustainability, and scalability within diverse energy strategies.

Geothermal Energy Market Snapshot

The geothermal energy market is experiencing steady growth, with size expanding from USD 8.14 billion in 2025 to USD 8.57 billion in 2026 and projected to reach USD 11.98 billion by 2032, underpinned by a compound annual growth rate of 5.67%. This trajectory illustrates strong investor confidence as well as rising utility and industrial adoption. Geothermal's continuous baseload output, low operational emissions, and expanding geographic feasibility position it as an attractive option amid the global transition to sustainable and resilient energy systems.

Scope & Segmentation of the Geothermal Energy Market

Technologies: The market includes binary cycle power plants—optimized for moderate-temperature reservoirs and using organic working fluids—as well as dry steam installations for high-temperature resources. Flash steam configurations, including single and double flash variants, remain standard for maximizing turbine output and modular scalability.
Components: Key system components are condensers, recuperators, turbines, vaporizers, and well separators, each engineered to optimize efficiency, manage costs, and support flexible plant designs.
Applications: Beyond electricity generation, geothermal energy is utilized in desalination, urban district heating, commercial heating and cooling, and industrial process heat. District networks and small-scale loops demonstrate segment adaptability.
End-Users: Commercial complexes, industrial facilities, and residential communities are reshaping geothermal adoption patterns, each seeking reliable and cost-stable energy sources for various applications and scales.
Regions: Coverage spans the Americas, Europe, Middle East & Africa, and Asia-Pacific, reflecting both advanced and emerging geothermal deployments and ongoing market diversification.

Key Takeaways: Market Drivers and Strategic Insights

Geothermal’s baseload capability sets it apart by addressing the intermittency constraints of solar and wind, increasing system reliability for stakeholders managing critical infrastructure.
Technological advances, such as enhanced geothermal systems and digital monitoring, are expanding viable drilling sites and supporting optimized performance in challenging subsurface environments.
Policy reforms, streamlined permitting, and strengthened incentive programs in leading regions are accelerating project approvals and minimizing development risks for sponsors and lenders.
Integrated project models now combine power generation with direct-use applications, supporting broader decarbonization and multi-utility objectives, especially in urban zones.
Sophisticated partnership models between utilities, drilling firms, and financial institutions ensure access to innovative drilling, cost-efficient construction, and robust capital flows.
Community engagement frameworks and advanced environmental protocols, including closed-loop techniques, are enhancing public acceptance and supporting regulatory approvals in new markets.

Assessing United States Tariff Impact on the Geothermal Energy Market

Recent tariff adjustments on critical equipment—such as imported steel, alloy piping, and high-pressure valves—have prompted developers to adapt sourcing strategies, increase reliance on domestic manufacturing, and adjust financial risk forecasting. This environment is driving regional innovation in materials science and modular plant design, with project timelines and procurement policies aligning to manage anticipated volatility. The ongoing recalibration of project economics emphasizes the need for market participants to blend near-term cost management with long-term supply chain resilience.

Methodology & Data Sources

This report is based on a combination of primary expertise, including interviews and site visits with senior executives, developers, and regulators across major markets. Comprehensive secondary research included a thorough review of technical publications, patents, industry reports, and government data. Triangulated findings were validated through participant workshops to ensure analytical rigor and reliability.

Why This Report Matters

Enables strategic planning by detailing technology trends, regional opportunities, and best-practice regulatory approaches for geothermal expansion.
Provides actionable intelligence to guide risk mitigation, procurement strategies, and stakeholder engagement—critical for optimizing project economics.

Conclusion

Geothermal energy is increasingly central to global energy transformation. Its operational stability, technological adaptability, and alignment with sustainability policies equip decision-makers with a robust foundation to inform growth strategies and resilient energy portfolios.

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1. Preface

1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders

2. Research Methodology

2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations

3. Executive Summary

3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap

4. Market Overview

4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy

5. Market Insights

5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025

8. Geothermal Energy Market, by Technology

8.1. Binary Cycle Power Plant
8.2. Dry Steam Power Plant
8.3. Flash Steam Power Plant
8.3.1. Double Flash
8.3.2. Single Flash

9. Geothermal Energy Market, by Component

9.1. Condenser
9.2. Recuperator
9.3. Turbine
9.4. Vaporizer
9.5. Well & Separator

10. Geothermal Energy Market, by Application

10.1. Energy Production
10.2. Geothermal Desalination
10.3. Heating & Cooling Systems
10.3.1. District Heating Systems
10.3.2. Space Heating

11. Geothermal Energy Market, by End-Use

11.1. Commercial
11.2. Industrial
11.3. Residential

12. Geothermal Energy Market, by Region

12.1. Americas
12.1.1. North America
12.1.2. Latin America
12.2. Europe, Middle East & Africa
12.2.1. Europe
12.2.2. Middle East
12.2.3. Africa
12.3. Asia-Pacific

13. Geothermal Energy Market, by Group

13.1. ASEAN
13.2. GCC
13.3. European Union
13.4. BRICS
13.5. G7
13.6. NATO

14. Geothermal Energy Market, by Country

14.1. United States
14.2. Canada
14.3. Mexico
14.4. Brazil
14.5. United Kingdom
14.6. Germany
14.7. France
14.8. Russia
14.9. Italy
14.10. Spain
14.11. China
14.12. India
14.13. Japan
14.14. Australia
14.15. South Korea

15. United States Geothermal Energy Market
16. China Geothermal Energy Market

17. Competitive Landscape

17.1. Market Concentration Analysis, 2025
17.1.1. Concentration Ratio (CR)
17.1.2. Herfindahl Hirschman Index (HHI)
17.2. Recent Developments & Impact Analysis, 2025
17.3. Product Portfolio Analysis, 2025
17.4. Benchmarking Analysis, 2025
17.5. ABB Ltd.
17.6. Ansaldo Energia SpA
17.7. AP Renewables Inc.
17.8. Baker Hughes Company
17.9. Berkshire Hathaway Energy
17.10. Calpine Corporation
17.11. Chevron Corporation
17.12. Cyrq Energy Inc.
17.13. Doosan Škoda Power
17.14. Electratherm Inc.
17.15. Enel Green Power S.p.A.
17.16. Energy Development Corporation
17.17. Engie SA
17.18. EthosEnergy Group
17.19. First Gen Corporation
17.20. Fuji Electric Co. Ltd.
17.21. Kenya Electricity Generating Company
17.22. Mitsubishi Power Ltd.
17.23. Ormat Technologies Inc.
17.24. PT Pertamina Geothermal Energy
17.25. Sosian Energy Limited
17.26. Star Energy Group
17.27. Terra-Gen Power LLC
17.28. Tetra Tech Inc.
17.29. Toshiba Corporation

List of Figures

FIGURE 1. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL GEOTHERMAL ENERGY MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL GEOTHERMAL ENERGY MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. UNITED STATES GEOTHERMAL ENERGY MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 12. CHINA GEOTHERMAL ENERGY MARKET SIZE, 2018-2032 (USD MILLION)

List of Tables

TABLE 1. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY BINARY CYCLE POWER PLANT, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY BINARY CYCLE POWER PLANT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY BINARY CYCLE POWER PLANT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY DRY STEAM POWER PLANT, BY REGION, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY DRY STEAM POWER PLANT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY DRY STEAM POWER PLANT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, BY REGION, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, BY GROUP, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY DOUBLE FLASH, BY REGION, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY DOUBLE FLASH, BY GROUP, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY DOUBLE FLASH, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY SINGLE FLASH, BY REGION, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY SINGLE FLASH, BY GROUP, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY SINGLE FLASH, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY CONDENSER, BY REGION, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY CONDENSER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY CONDENSER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY RECUPERATOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY RECUPERATOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY RECUPERATOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY TURBINE, BY REGION, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY TURBINE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY TURBINE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY VAPORIZER, BY REGION, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY VAPORIZER, BY GROUP, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY VAPORIZER, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY WELL & SEPARATOR, BY REGION, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY WELL & SEPARATOR, BY GROUP, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY WELL & SEPARATOR, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY ENERGY PRODUCTION, BY REGION, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY ENERGY PRODUCTION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY ENERGY PRODUCTION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY GEOTHERMAL DESALINATION, BY REGION, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY GEOTHERMAL DESALINATION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY GEOTHERMAL DESALINATION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, BY REGION, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY DISTRICT HEATING SYSTEMS, BY REGION, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY DISTRICT HEATING SYSTEMS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY DISTRICT HEATING SYSTEMS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY SPACE HEATING, BY REGION, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY SPACE HEATING, BY GROUP, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY SPACE HEATING, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY COMMERCIAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY COMMERCIAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY COMMERCIAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY INDUSTRIAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY INDUSTRIAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY INDUSTRIAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY RESIDENTIAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY RESIDENTIAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY RESIDENTIAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 62. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 63. AMERICAS GEOTHERMAL ENERGY MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 64. AMERICAS GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 65. AMERICAS GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 66. AMERICAS GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 67. AMERICAS GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 68. AMERICAS GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 69. AMERICAS GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 70. NORTH AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 71. NORTH AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 72. NORTH AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 73. NORTH AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 74. NORTH AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 75. NORTH AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 76. NORTH AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 77. LATIN AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 78. LATIN AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 79. LATIN AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 80. LATIN AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 81. LATIN AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 82. LATIN AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 83. LATIN AMERICA GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 84. EUROPE, MIDDLE EAST & AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 85. EUROPE, MIDDLE EAST & AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 86. EUROPE, MIDDLE EAST & AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 87. EUROPE, MIDDLE EAST & AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 88. EUROPE, MIDDLE EAST & AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 89. EUROPE, MIDDLE EAST & AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 90. EUROPE, MIDDLE EAST & AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 91. EUROPE GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 92. EUROPE GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 93. EUROPE GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 94. EUROPE GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 95. EUROPE GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 96. EUROPE GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 97. EUROPE GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 98. MIDDLE EAST GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 99. MIDDLE EAST GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 100. MIDDLE EAST GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 101. MIDDLE EAST GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 102. MIDDLE EAST GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 103. MIDDLE EAST GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 104. MIDDLE EAST GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 105. AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 106. AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 107. AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 108. AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 109. AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 110. AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 111. AFRICA GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 112. ASIA-PACIFIC GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 113. ASIA-PACIFIC GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 114. ASIA-PACIFIC GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 115. ASIA-PACIFIC GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 116. ASIA-PACIFIC GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 117. ASIA-PACIFIC GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 118. ASIA-PACIFIC GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 119. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 120. ASEAN GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 121. ASEAN GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 122. ASEAN GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 123. ASEAN GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 124. ASEAN GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 125. ASEAN GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 126. ASEAN GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 127. GCC GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 128. GCC GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 129. GCC GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 130. GCC GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 131. GCC GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 132. GCC GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 133. GCC GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 134. EUROPEAN UNION GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 135. EUROPEAN UNION GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 136. EUROPEAN UNION GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 137. EUROPEAN UNION GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 138. EUROPEAN UNION GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 139. EUROPEAN UNION GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 140. EUROPEAN UNION GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 141. BRICS GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 142. BRICS GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 143. BRICS GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 144. BRICS GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 145. BRICS GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 146. BRICS GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 147. BRICS GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 148. G7 GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 149. G7 GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 150. G7 GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 151. G7 GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 152. G7 GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 153. G7 GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 154. G7 GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 155. NATO GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 156. NATO GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 157. NATO GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 158. NATO GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 159. NATO GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 160. NATO GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 161. NATO GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 162. GLOBAL GEOTHERMAL ENERGY MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 163. UNITED STATES GEOTHERMAL ENERGY MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 164. UNITED STATES GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 165. UNITED STATES GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 166. UNITED STATES GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 167. UNITED STATES GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 168. UNITED STATES GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 169. UNITED STATES GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)
TABLE 170. CHINA GEOTHERMAL ENERGY MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 171. CHINA GEOTHERMAL ENERGY MARKET SIZE, BY TECHNOLOGY, 2018-2032 (USD MILLION)
TABLE 172. CHINA GEOTHERMAL ENERGY MARKET SIZE, BY FLASH STEAM POWER PLANT, 2018-2032 (USD MILLION)
TABLE 173. CHINA GEOTHERMAL ENERGY MARKET SIZE, BY COMPONENT, 2018-2032 (USD MILLION)
TABLE 174. CHINA GEOTHERMAL ENERGY MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 175. CHINA GEOTHERMAL ENERGY MARKET SIZE, BY HEATING & COOLING SYSTEMS, 2018-2032 (USD MILLION)
TABLE 176. CHINA GEOTHERMAL ENERGY MARKET SIZE, BY END-USE, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Geothermal Energy market report include:

ABB Ltd.
Ansaldo Energia SpA
AP Renewables Inc.
Baker Hughes Company
Berkshire Hathaway Energy
Calpine Corporation
Chevron Corporation
Cyrq Energy Inc.
Doosan Škoda Power
Electratherm Inc.
Enel Green Power S.p.A.
Energy Development Corporation
Engie SA
EthosEnergy Group
First Gen Corporation
Fuji Electric Co. Ltd.
Kenya Electricity Generating Company
Mitsubishi Power Ltd.
Ormat Technologies Inc.
PT Pertamina Geothermal Energy
Sosian Energy Limited
Star Energy Group
Terra-Gen Power LLC
Tetra Tech Inc.
Toshiba Corporation

Table Information

Report Attribute	Details
No. of Pages	180
Published	January 2026
Forecast Period	2026 - 2032
Estimated Market Value ( USD ) in 2026	$ 8.57 Billion
Forecasted Market Value ( USD ) by 2032	$ 11.98 Billion
Compound Annual Growth Rate	5.6%
Regions Covered	Global
No. of Companies Mentioned	26

License	Properties	Price
SINGLE USER LICENSE PDF, Excel and Online Access	This is a single user license, allowing one user access to the product.	€3458EUR$3,939USD£3,008GBP
1 - 5 USER LICENSE PDF, Excel and Online Access	This is a 1-5 user license, allowing up to five users have access to the product.	€3730EUR$4,249USD£3,245GBP
SITE LICENSE PDF, Excel and Online Access	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€5055EUR$5,759USD£4,398GBP
ENTERPRISE LICENSE PDF, Excel and Online Access	This is an enterprise license, allowing all employees within your organization access to the product.	€6117EUR$6,969USD£5,322GBP

Geothermal Energy Market - Global Forecast 2026-2032

Geothermal Energy Market Snapshot

Scope & Segmentation of the Geothermal Energy Market

Key Takeaways: Market Drivers and Strategic Insights

Assessing United States Tariff Impact on the Geothermal Energy Market

Methodology & Data Sources

Why This Report Matters

Conclusion

Table of Contents

Companies Mentioned

Table Information

Geothermal Energy Market Snapshot

Scope & Segmentation of the Geothermal Energy Market

Key Takeaways: Market Drivers and Strategic Insights

Assessing United States Tariff Impact on the Geothermal Energy Market

Methodology & Data Sources

Why This Report Matters

Conclusion

Table of Contents

Companies Mentioned

Table Information

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About the Geothermal Energy Market