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The global geothermal drilling for power generation market is forecasted to grow by USD 243.5 million during 2025-2030, accelerating at a CAGR of 4.5% during the forecast period. The report on the global geothermal drilling for power generation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by global decarbonization mandates and necessity for baseload power, innovation in subsurface engineering and enhanced geothermal systems, strategic integration of oil and gas expertise and infrastructure.
The study identifies the integration of high-temperature resilient materials and next-generation sensors as one of the prime reasons driving the global geothermal drilling for power generation market growth during the next few years. Also, cross-industry technological convergence with hydrocarbon sector and deployment of millimeter-wave and non-mechanical drilling technologies will lead to sizable demand in the market.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The global geothermal drilling for power generation market is segmented as below:
By Application
- Binary plants
- Steam plants
By Area
- Below 1000m
- 1000-2000m
By Type
- Production wells
- Injection wells
- Slim wells
By Region
- APAC
- North America
- Europe
- South America
- Middle East and Africa
- Rest of World (RoW)
The report covers the following areas:
- Global geothermal drilling for power generation market sizing
- Global geothermal drilling for power generation market forecast
- Global geothermal drilling for power generation market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Area
10 Market Segmentation by Type
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global global geothermal drilling for power generation market: Baker Hughes Co., Deep Rock Manufacturing Co., Eavor Technologies Inc., Fervo Energy, Fraste Spa, GA Drilling AS, Geotech Drilling Services Ltd., Gill Rock Drill Co. Inc., Halliburton Co., Huisman Equipment BV, Marton Geotechnical Services Ltd, Ormat Technologies Inc., PT Pertamina Persero, Quaise Energy Inc., Schlumberger Ltd., SIMCO Drilling Equipment Inc., STDS Jantz GmbH and Co., Versa Drill.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of high-temperature resilient materials and next-generation sensors."
According to the report, one of the major drivers for this market is the global decarbonization mandates and necessity for baseload power.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Baker Hughes Co.
- Deep Rock Manufacturing Co.
- Eavor Technologies Inc.
- Fervo Energy
- Fraste Spa
- GA Drilling AS
- Geotech Drilling Services Ltd.
- Gill Rock Drill Co. Inc.
- Halliburton Co.
- Huisman Equipment BV
- Marton Geotechnical Services Ltd
- Ormat Technologies Inc.
- PT Pertamina Persero
- Quaise Energy Inc.
- Schlumberger Ltd.
- SIMCO Drilling Equipment Inc.
- STDS Jantz GmbH and Co.
- Versa Drill
