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FEATURED COMPANIES
- Aboitiz Power Corp.
- Calpine Corp.
- Enel Spa
- Energy Development Corp.
- HS Orka hf
- Ormat Technologies Inc.
- MORE
Global Geothermal Power Market: About this market
The geothermal power market analysis considers sales from flash, dry steam, and binary types. Our study also finds the sales of geothermal power in APAC, Europe, MEA, North America, and South America. In 2019, the flash segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for low-priced electricity will play a significant role in the flash segment to maintain its market position. Also, our global geothermal power market report looks at factors such as rising investments and government initiatives, growing demand for renewable energy sources, and advantages for geothermal energy. However, high initial capital investments in establishing geothermal power plants, challenges posed by other renewable energy sources, and drawbacks of harnessing geothermal energy may hamper the growth of the geothermal power industry over the forecast period.
Global Geothermal Power Market: Overview
Advantages of geothermal energy
Geothermal energy is emerging as one of the most reliable sources of renewable energy. It is gaining prominence over conventional and non-renewable sources of energy because of its eco-friendly nature and constant availability. Geothermal reservoirs are non-exhaustible, have a high potential for power generation, and are replenished naturally, meeting the baseload demand for energy by generating up to 2 terawatts of power globally. The use of geothermal resources in the generation of electricity will continue to increase due to the high level of efficiency and minimal maintenance requirement. Thus, the advantages of geothermal energy will lead to the expansion of the global geothermal power market at a CAGR of over 8% during the forecast period.
Growing technological advances in the geothermal energy industry
An immeasurable amount of geothermal energy resources are present deep within the earth's subsurface. However, their exploitation is not feasible, owing to the immense heat and lack of proper technology. Researchers and industry players are focused on developing highly advanced technologies and techniques for drilling at extremely high temperatures. The development of enhanced geothermal systems (EGS) will also help in boosting geothermal exploration activities. EGS will allow exploitation of unexplored geothermal resources, especially where hydrothermal resources have been exhausted. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the global geothermal power market is concentrated. 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 few leading geothermal power manufacturers, that include Aboitiz Power Corp., Berkshire Hathaway Energy Co., Calpine Corp., Enel Spa, Energy Development Corp., Geothermal Engineering Ltd., HS Orka hf, Innergex Renewable Energy Inc., Kenya Electricity Generating Co. Plc, and Ormat Technologies Inc.
Also, the geothermal power 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.
The geothermal power market analysis considers sales from flash, dry steam, and binary types. Our study also finds the sales of geothermal power in APAC, Europe, MEA, North America, and South America. In 2019, the flash segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for low-priced electricity will play a significant role in the flash segment to maintain its market position. Also, our global geothermal power market report looks at factors such as rising investments and government initiatives, growing demand for renewable energy sources, and advantages for geothermal energy. However, high initial capital investments in establishing geothermal power plants, challenges posed by other renewable energy sources, and drawbacks of harnessing geothermal energy may hamper the growth of the geothermal power industry over the forecast period.
Global Geothermal Power Market: Overview
Advantages of geothermal energy
Geothermal energy is emerging as one of the most reliable sources of renewable energy. It is gaining prominence over conventional and non-renewable sources of energy because of its eco-friendly nature and constant availability. Geothermal reservoirs are non-exhaustible, have a high potential for power generation, and are replenished naturally, meeting the baseload demand for energy by generating up to 2 terawatts of power globally. The use of geothermal resources in the generation of electricity will continue to increase due to the high level of efficiency and minimal maintenance requirement. Thus, the advantages of geothermal energy will lead to the expansion of the global geothermal power market at a CAGR of over 8% during the forecast period.
Growing technological advances in the geothermal energy industry
An immeasurable amount of geothermal energy resources are present deep within the earth's subsurface. However, their exploitation is not feasible, owing to the immense heat and lack of proper technology. Researchers and industry players are focused on developing highly advanced technologies and techniques for drilling at extremely high temperatures. The development of enhanced geothermal systems (EGS) will also help in boosting geothermal exploration activities. EGS will allow exploitation of unexplored geothermal resources, especially where hydrothermal resources have been exhausted. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the global geothermal power market is concentrated. 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 few leading geothermal power manufacturers, that include Aboitiz Power Corp., Berkshire Hathaway Energy Co., Calpine Corp., Enel Spa, Energy Development Corp., Geothermal Engineering Ltd., HS Orka hf, Innergex Renewable Energy Inc., Kenya Electricity Generating Co. Plc, and Ormat Technologies Inc.
Also, the geothermal power 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
2 of 4
FEATURED COMPANIES
- Aboitiz Power Corp.
- Calpine Corp.
- Enel Spa
- Energy Development Corp.
- HS Orka hf
- Ormat Technologies Inc.
- MORE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
Exhibit 01: Global power generation market
Exhibit 02: Segments of the global power generation market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 (TWh)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
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 2019
Exhibit 18: Type - Market share 2019-2024 (%)
Exhibit 19: Comparison by type
Exhibit 20: Flash - Market size and forecast 2019-2024 (TWh)
Exhibit 21: Flash - Year-over-year growth 2020-2024 (%)
Exhibit 22: Dry steam - Market size and forecast 2019-2024 (TWh)
Exhibit 23: Dry steam - Year-over-year growth 2020-2024 (%)
Exhibit 24: Binary - Market size and forecast 2019-2024 (TWh)
Exhibit 25: Binary - Year-over-year growth 2020-2024 (%)
Exhibit 26: Market opportunity by type
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2019-2024 (%)
Exhibit 29: Geographic comparison
Exhibit 30: APAC - Market size and forecast 2019-2024 (TWh)
Exhibit 31: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 32: North America - Market size and forecast 2019-2024 (TWh)
Exhibit 33: North America - Year-over-year growth 2020-2024 (%)
Exhibit 34: MEA - Market size and forecast 2019-2024 (TWh)
Exhibit 35: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 36: Europe - Market size and forecast 2019-2024 (TWh)
Exhibit 37: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 38: South America - Market size and forecast 2019-2024 (TWh)
Exhibit 39: South America - Year-over-year growth 2020-2024 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Impact of drivers and challenges
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: Aboitiz Power Corp. - Vendor overview
Exhibit 49: Aboitiz Power Corp. - Business segments
Exhibit 50: Aboitiz Power Corp. - Organizational developments
Exhibit 51: Aboitiz Power Corp. - Segment focus
Exhibit 52: Aboitiz Power Corp. - Key offerings
Exhibit 53: Berkshire Hathaway Energy Co. - Vendor overview
Exhibit 54: Berkshire Hathaway Energy Co. - Product segments
Exhibit 55: Berkshire Hathaway Energy Co. - Organizational developments
Exhibit 56: Berkshire Hathaway Energy Co. - Geographic focus
Exhibit 57: Berkshire Hathaway Energy Co. - Segment focus
Exhibit 58: Berkshire Hathaway Energy Co. - Key offerings
Exhibit 59: Calpine Corp. - Vendor overview
Exhibit 60: Calpine Corp. - Business segments
Exhibit 61: Calpine Corp. - Organizational developments
Exhibit 62: Calpine Corp. - Segment focus
Exhibit 63: Calpine Corp. - Key offerings
Exhibit 64: Enel Spa - Vendor overview
Exhibit 65: Enel Spa - Business segments
Exhibit 66: Enel Spa - Organizational developments
Exhibit 67: Enel Spa - Geographic focus
Exhibit 68: Enel Spa - Key offerings
Exhibit 69: Energy Development Corp. - Vendor overview
Exhibit 70: Energy Development Corp. - Business segments
Exhibit 71: Energy Development Corp. - Key offerings
Exhibit 72: Geothermal Engineering Ltd. - Vendor overview
Exhibit 73: Geothermal Engineering Ltd. - Business segments
Exhibit 74: Geothermal Engineering Ltd. - Key offerings
Exhibit 75: HS Orka hf - Vendor overview
Exhibit 76: HS Orka hf - Business segments
Exhibit 77: HS Orka hf - Key offerings
Exhibit 78: Innergex Renewable Energy Inc. - Vendor overview
Exhibit 79: Innergex Renewable Energy Inc. - Business segments
Exhibit 80: Innergex Renewable Energy Inc. - Organizational developments
Exhibit 81: Innergex Renewable Energy Inc. - Geographic focus
Exhibit 82: Innergex Renewable Energy Inc. - Segment focus
Exhibit 83: Innergex Renewable Energy Inc. - Key offerings
Exhibit 84: Kenya Electricity Generating Co. Plc - Vendor overview
Exhibit 85: Kenya Electricity Generating Co. Plc - Business segments
Exhibit 86: Kenya Electricity Generating Co. Plc - Organizational developments
Exhibit 87: Kenya Electricity Generating Co. Plc - Key offerings
Exhibit 88: Ormat Technologies Inc. - Vendor overview
Exhibit 89: Ormat Technologies Inc. - Business segments
Exhibit 90: Ormat Technologies Inc. - Organizational developments
Exhibit 91: Ormat Technologies Inc. - Geographic focus
Exhibit 92: Ormat Technologies Inc. - Segment focus
Exhibit 93: Ormat Technologies Inc. - Key offerings
Exhibit 94: Validation techniques employed for market sizing
Exhibit 95: Definition of market positioning of vendors
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Value Chain Analysis
- Market segmentation analysis
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by type
- Comparison by type
- Flash - Market size and forecast 2019-2024
- Dry steam - Market size and forecast 2019-2024
- Binary - Market size and forecast 2019-2024
- Market opportunity by type
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Rising geothermal capacity
- Growing technical advances in the geothermal energy industry
- Presence of substantial unexplored geothermal resources
- Overview
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Aboitiz Power Corp.
- Berkshire Hathaway Energy Co.
- Calpine Corp.
- Enel Spa
- Energy Development Corp.
- Geothermal Engineering Ltd.
- HS Orka hf
- Innergex Renewable Energy Inc.
- Kenya Electricity Generating Co. Plc
- Ormat Technologies Inc.
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
Exhibit 01: Global power generation market
Exhibit 02: Segments of the global power generation market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 (TWh)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
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 2019
Exhibit 18: Type - Market share 2019-2024 (%)
Exhibit 19: Comparison by type
Exhibit 20: Flash - Market size and forecast 2019-2024 (TWh)
Exhibit 21: Flash - Year-over-year growth 2020-2024 (%)
Exhibit 22: Dry steam - Market size and forecast 2019-2024 (TWh)
Exhibit 23: Dry steam - Year-over-year growth 2020-2024 (%)
Exhibit 24: Binary - Market size and forecast 2019-2024 (TWh)
Exhibit 25: Binary - Year-over-year growth 2020-2024 (%)
Exhibit 26: Market opportunity by type
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2019-2024 (%)
Exhibit 29: Geographic comparison
Exhibit 30: APAC - Market size and forecast 2019-2024 (TWh)
Exhibit 31: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 32: North America - Market size and forecast 2019-2024 (TWh)
Exhibit 33: North America - Year-over-year growth 2020-2024 (%)
Exhibit 34: MEA - Market size and forecast 2019-2024 (TWh)
Exhibit 35: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 36: Europe - Market size and forecast 2019-2024 (TWh)
Exhibit 37: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 38: South America - Market size and forecast 2019-2024 (TWh)
Exhibit 39: South America - Year-over-year growth 2020-2024 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Impact of drivers and challenges
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: Aboitiz Power Corp. - Vendor overview
Exhibit 49: Aboitiz Power Corp. - Business segments
Exhibit 50: Aboitiz Power Corp. - Organizational developments
Exhibit 51: Aboitiz Power Corp. - Segment focus
Exhibit 52: Aboitiz Power Corp. - Key offerings
Exhibit 53: Berkshire Hathaway Energy Co. - Vendor overview
Exhibit 54: Berkshire Hathaway Energy Co. - Product segments
Exhibit 55: Berkshire Hathaway Energy Co. - Organizational developments
Exhibit 56: Berkshire Hathaway Energy Co. - Geographic focus
Exhibit 57: Berkshire Hathaway Energy Co. - Segment focus
Exhibit 58: Berkshire Hathaway Energy Co. - Key offerings
Exhibit 59: Calpine Corp. - Vendor overview
Exhibit 60: Calpine Corp. - Business segments
Exhibit 61: Calpine Corp. - Organizational developments
Exhibit 62: Calpine Corp. - Segment focus
Exhibit 63: Calpine Corp. - Key offerings
Exhibit 64: Enel Spa - Vendor overview
Exhibit 65: Enel Spa - Business segments
Exhibit 66: Enel Spa - Organizational developments
Exhibit 67: Enel Spa - Geographic focus
Exhibit 68: Enel Spa - Key offerings
Exhibit 69: Energy Development Corp. - Vendor overview
Exhibit 70: Energy Development Corp. - Business segments
Exhibit 71: Energy Development Corp. - Key offerings
Exhibit 72: Geothermal Engineering Ltd. - Vendor overview
Exhibit 73: Geothermal Engineering Ltd. - Business segments
Exhibit 74: Geothermal Engineering Ltd. - Key offerings
Exhibit 75: HS Orka hf - Vendor overview
Exhibit 76: HS Orka hf - Business segments
Exhibit 77: HS Orka hf - Key offerings
Exhibit 78: Innergex Renewable Energy Inc. - Vendor overview
Exhibit 79: Innergex Renewable Energy Inc. - Business segments
Exhibit 80: Innergex Renewable Energy Inc. - Organizational developments
Exhibit 81: Innergex Renewable Energy Inc. - Geographic focus
Exhibit 82: Innergex Renewable Energy Inc. - Segment focus
Exhibit 83: Innergex Renewable Energy Inc. - Key offerings
Exhibit 84: Kenya Electricity Generating Co. Plc - Vendor overview
Exhibit 85: Kenya Electricity Generating Co. Plc - Business segments
Exhibit 86: Kenya Electricity Generating Co. Plc - Organizational developments
Exhibit 87: Kenya Electricity Generating Co. Plc - Key offerings
Exhibit 88: Ormat Technologies Inc. - Vendor overview
Exhibit 89: Ormat Technologies Inc. - Business segments
Exhibit 90: Ormat Technologies Inc. - Organizational developments
Exhibit 91: Ormat Technologies Inc. - Geographic focus
Exhibit 92: Ormat Technologies Inc. - Segment focus
Exhibit 93: Ormat Technologies Inc. - Key offerings
Exhibit 94: Validation techniques employed for market sizing
Exhibit 95: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES
- Aboitiz Power Corp.
- Calpine Corp.
- Enel Spa
- Energy Development Corp.
- HS Orka hf
- Ormat Technologies Inc.
- MORE
The following companies as the key players in the geothermal power market: Aboitiz Power Corp., Berkshire Hathaway Energy Co., Calpine Corp., Enel Spa, Energy Development Corp., Geothermal Engineering Ltd., HS Orka hf, Innergex Renewable Energy Inc., Kenya Electricity Generating Co. Plc, and Ormat Technologies Inc.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing technological advances in the geothermal energy industry.”
According to the report, one of the major drivers for this market is the advantages of geothermal energy.
Further, the report states that one of the major factors hindering the growth of this market is the high initial capital investments in establishing geothermal power plants.
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.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing technological advances in the geothermal energy industry.”
According to the report, one of the major drivers for this market is the advantages of geothermal energy.
Further, the report states that one of the major factors hindering the growth of this market is the high initial capital investments in establishing geothermal power plants.
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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- Aboitiz Power Corp.
- Berkshire Hathaway Energy Co.
- Calpine Corp.
- Enel Spa
- Energy Development Corp.
- Geothermal Engineering Ltd.
- HS Orka hf
- Innergex Renewable Energy Inc.
- Kenya Electricity Generating Co. Plc
- Ormat Technologies Inc.
Note: Product cover images may vary from those shown
