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Global Geothermal Drilling Market For Power Generation 2019-2023 - Product Image

Global Geothermal Drilling Market For Power Generation 2019-2023

  • ID: 4825177
  • Report
  • August 2019
  • Region: Global
  • 121 pages
  • TechNavio
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FEATURED COMPANIES

  • Halliburton Co.
  • Huisman Equipment BV
  • Ormat Technologies Inc.
  • Schlumberger Ltd.
  • MORE
Global Geothermal Drilling Market for Power Generation 2019-2023: About this market

The geothermal drilling market for power generation market analysis considers power generation from both binary plants and steam plants. Our analysis also considers the geothermal drilling for power generation in APAC, America, and EMEA. In 2018, the binary-plant segment had a significant share, and this trend is expected to continue over the forecast period. Factors such as an increase in the construction of binary geothermal plants will proliferate geothermal drilling activities, which will play a significant role in the binary-plant segment to maintain its market position. Also, our global geothermal drilling market for power generation market report also looks at factors such as rising demand for energy, increasing investments in geothermal energy projects, and increasing emphasis on generating electricity with minimal GHG emissions. However, the uncertainties in the high capital requirement, competition from alternative energy sources, and challenges associated with geothermal drilling may hamper the growth of geothermal drilling market for power generation over the forecast period.

Global Geothermal Drilling Market for Power Generation: Overview

Increasing emphasis on generating electricity with minimal GHG emissions

The rising level of the GHG’s in the atmosphere can be addressed by replacing fossil fuels with renewable energy resources such as geothermal, solar, wind, and hydropower of power generation. Thus, unlike fossil fuels, geothermal energy generation does not require combustion and saves up to four-fifths of the expenditure on electricity bills than conventional fossil fuel resources. This increased emphasis on generating electricity with minimal GHG will lead to the expansion of the global geothermal drilling market for power generation at a CAGR of almost 9% during the forecast period.

Development of EGS

EGS provides high potential for outreaching geothermal energy and provides an opportunity to expand the use of geothermal resources. The process of EGS is used to cover the artificial fractures by adding proppants to connect injection and production wells by chemical and hydraulic stimulation. This development of EGS is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, global geothermal drilling market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several geothermal drilling market manufacturers, that include Baker Hughes, a GE Co. LLC., Halliburton Co., Huisman Equipment BV., Ormat Technologies Inc., Schlumberger Ltd.

Also, geothermal drilling market for power generation, market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Halliburton Co.
  • Huisman Equipment BV
  • Ormat Technologies Inc.
  • Schlumberger Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Binary plants - Market size and forecast 2018-2023
  • Steam plants - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Identification of huge untapped geothermal potential
  • Development of EGS
  • Application of ML techniques to geothermal exploration
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Baker Hughes, a GE Co. LLC
  • Halliburton Co.
  • Huisman Equipment BV
  • Ormat Technologies Inc.
  • Schlumberger Ltd.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits:
Exhibit 01: Product overview
Exhibit 02: Global power generation market
Exhibit 03: Segments of global power generation market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Application - Market share 2018-2023 (%)
Exhibit 19: Comparison by application
Exhibit 20: Binary plants - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Binary plants - Year-over-year growth 2019-2023 (%)
Exhibit 22: Steam plants - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Steam plants - Year-over-year growth 2019-2023 (%)
Exhibit 24: Market opportunity by application
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 30: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 32: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 34: Key leading countries
Exhibit 35: Market opportunity
Exhibit 36: Impact of drivers and challenges
Exhibit 37: Vendor landscape
Exhibit 38: Landscape disruption
Exhibit 39: Vendors covered
Exhibit 40: Vendor classification
Exhibit 41: Market positioning of vendors
Exhibit 42: Baker Hughes, a GE Co. LLC - Vendor overview
Exhibit 43: Baker Hughes, a GE Co. LLC - Business segments
Exhibit 44: Baker Hughes, a GE Co. LLC - Organizational developments
Exhibit 45: Baker Hughes, a GE Co. LLC - Geographic focus
Exhibit 46: Baker Hughes, a GE Co. LLC - Segment focus
Exhibit 47: Baker Hughes, a GE Co. LLC - Key offerings
Exhibit 48: Halliburton Co. - Vendor overview
Exhibit 49: Halliburton Co. - Business segments
Exhibit 50: Halliburton Co. - Organizational developments
Exhibit 51: Halliburton Co. - Geographic focus
Exhibit 52: Halliburton Co. - Segment focus
Exhibit 53: Halliburton Co. - Key offerings
Exhibit 54: Huisman Equipment BV - Vendor overview
Exhibit 55: Huisman Equipment BV - Organizational developments
Exhibit 56: Huisman Equipment BV - Key offerings
Exhibit 57: Ormat Technologies Inc. - Vendor overview
Exhibit 58: Ormat Technologies Inc. - Business segments
Exhibit 59: Ormat Technologies Inc. - Organizational developments
Exhibit 60: Ormat Technologies Inc. - Geographic focus
Exhibit 61: Ormat Technologies Inc. - Segment focus
Exhibit 62: Ormat Technologies Inc. - Key offerings
Exhibit 63: Schlumberger Ltd. - Vendor overview
Exhibit 64: Schlumberger Ltd. - Business segments
Exhibit 65: Schlumberger Ltd. - Organizational developments
Exhibit 66: Schlumberger Ltd. - Geographic focus
Exhibit 67: Schlumberger Ltd. - Segment focus
Exhibit 68: Schlumberger Ltd. - Key offerings
Exhibit 69: Validation techniques employed for market sizing
Exhibit 70: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Halliburton Co.
  • Huisman Equipment BV
  • Ormat Technologies Inc.
  • Schlumberger Ltd.
  • MORE
The following companies are recognised as the key players in the global geothermal drilling market for power generation markets: Baker Hughes, a GE Co. LLC., Halliburton Co., Huisman Equipment BV., Ormat Technologies Inc., Schlumberger Ltd.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the development of EGS.”

According to the report, one of the major drivers for this market is the increasing emphasis on generating electricity with minimal GHG emissions
Further, the report states that one of the major factors hindering the growth of this market is the high capital requirement.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Baker Hughes, a GE Co. LLC
  • Halliburton Co.
  • Huisman Equipment BV
  • Ormat Technologies Inc.
  • Schlumberger Ltd.
Note: Product cover images may vary from those shown
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