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Geothermal Power Generation Global Market Report 2024

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    Report

  • 175 Pages
  • April 2024
  • Region: Global
  • The Business Research Company
  • ID: 5954717
The geothermal power generation market size has grown rapidly in recent years. It will grow from $9.83 billion in 2023 to $11.17 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The growth observed in the historical period in the field of geothermal power generation can be attributed to several factors. Government incentives and subsidies played a pivotal role in encouraging the development of geothermal projects. Additionally, technological advancements in geothermal drilling and exploration techniques improved the efficiency and feasibility of harnessing geothermal energy. The increasing environmental concerns and regulations regarding greenhouse gas emissions also contributed to the growth, as geothermal power is considered a clean and renewable energy source. The rising global energy demand and growing investments in renewable energy further fueled the expansion of geothermal power generation during the historic period.

The geothermal power generation market size is expected to see rapid growth in the next few years. It will grow to $17.54 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The anticipated growth during the forecast period can be ascribed to progress in enhanced geothermal systems (EGS) technology, the expansion of geothermal projects in developing nations, a heightened focus on decarbonization and sustainability, rising global energy demand, and supportive government policies and regulations. Key trends expected in the forecast period encompass the integration of geothermal energy into hybrid energy systems alongside other renewable sources, the rise of inventive financing models for geothermal projects, the incorporation of digital technologies to optimize geothermal plant performance, and an increase in geothermal power generation capacity.

The geothermal power generation market is set for substantial growth, fueled by the increasing demand for renewable energy. Renewable energy is derived from naturally replenishing sources that are virtually inexhaustible on human timescales. The surge in demand for renewable energy is driven by factors such as cost-effectiveness, environmental benefits, and the global transition towards sustainable energy systems. Geothermal power generation, as a form of renewable energy, contributes to sustainable development, environmental protection, and the transition towards a cleaner and more resilient energy future. Geothermal energy, considered clean and sustainable, relies on a constantly replenished heat source within the Earth and generates minimal greenhouse gases when used for power generation. According to the International Energy Agency (IEA) in December 2022, the global renewable power capacity is projected to grow by 2,400 gigawatts (GW) over the 2022-2027 period, reflecting a remarkable 30% increase compared to previous forecasts. This robust demand for renewable energy is a key driver for the growth of the geothermal power generation market.

Major companies in the geothermal power generation market are actively engaging in strategic partnerships to enhance their competitive position. Geothermal power project partnerships involve collaborative arrangements between entities to plan, develop, and operate geothermal power generation facilities. Google LLC, a US-based technology company, exemplifies this trend by partnering with Fervo, a US-based clean-energy startup, to develop a groundbreaking geothermal power project in Nevada. This project aims to provide carbon-free energy to support Google's data centers and operations. Fervo employs advanced drilling techniques, originally developed by the oil and gas industry, to extract heat from beneath the Earth's surface. The partnership showcases an innovative approach to harnessing geothermal energy for sustainable power generation, contributing to carbon-free electricity production.

In October 2023, Ormat Technologies Inc., a US-based company specializing in the manufacturing and development of geothermal power generation equipment, made a significant move by acquiring a 150 MW portfolio of geothermal and solar assets from Enel Green Power North America (EGPNA) for approximately $271 million. This acquisition positions Ormat as a key player in the renewable energy sector, expanding its portfolio of renewable energy assets. Enel Green Power North America (EGPNA), a US-based owner and operator of geothermal and renewable energy plants, is a strategic partner in this transaction, facilitating the growth and consolidation of renewable energy resources.

Major companies operating in the geothermal power generation market are Chevron Corp., Enel Green Power S.p.A., Mitsubishi Corporation, Siemens AG, General Electric SE, Sumitomo Corporation, ABB Ltd., Berkshire Hathaway Energy, Toshiba Corporation, Atlas Copco AB, Calpine Corporation, Fuji Electric Co. Ltd., Tata Power Company Limited, Aboitiz Power Corporation, First Gen Corporation, Ansaldo Energia S.P.A., Ormat Technologies Inc., Innergex Renewable Energy Inc., Climatemaster Inc., Green Mountain Energy Company, Exergy Inc., GEG Power Equipments Private Limited, ElectraTherm Inc., Fervo Energy Co., Climeon AB.

Asia-Pacific was the largest region in the geothermal power generation market in 2023. The regions covered in the geothermal power generation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the geothermal power generation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Geothermal power generation is the process of harnessing heat energy from beneath the Earth's surface to generate electricity. This method utilizes the heat extracted from geothermal reservoirs, often in the form of underground hot water and steam. The heat is used to drive turbines, converting thermal energy into mechanical energy, and subsequently, electrical energy. Geothermal power plants play a crucial role in producing electricity sustainably and can provide a continuous and reliable source of power, contributing to a cleaner and more environmentally friendly energy mix.

The main types of geothermal power generation include binary cycles, dry steam, and flash steam. Binary cycle power generation involves the utilization of moderate-temperature geothermal resources by transferring heat from the geothermal fluid to a secondary fluid with a lower boiling point. These systems are applied in various settings, including dry steam power stations, flash steam power stations, and binary cycle power stations. Geothermal power generation serves diverse end-user industries, including commercial, residential, industrial, and others, contributing to a sustainable and renewable energy landscape. Each type of geothermal power generation technology has its unique applications and advantages, catering to different resource conditions and operational requirements.

The geothermal power generation market research report is one of a series of new reports that provides geothermal power generation market statistics, including geothermal power generation industry global market size, regional shares, competitors with geothermal power generation market share, detailed geothermal power generation market segments, market trends, and opportunities, and any further data you may need to thrive in the geothermal power generation industry. This geothermal power generation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The geothermal power generation market consists of revenues earned by entities by providing services such as exploration, resource assessment, drilling services, plant design, and construction. The market value includes the value of related goods sold by the service provider or included within the service offering. The geothermal power generation market also includes sales of geothermal heat pumps, drilling rigs, and well casing. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Geothermal Power Generation Market Characteristics3. Geothermal Power Generation Market Trends and Strategies
4. Geothermal Power Generation Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Geothermal Power Generation Market Size and Growth
5.1. Global Geothermal Power Generation Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Geothermal Power Generation Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Geothermal Power Generation Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Geothermal Power Generation Market Segmentation
6.1. Global Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Binary Cycle
  • Dry Steam
  • Flash Steam
6.2. Global Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Dry Steam Power Stations
  • Flash Steam Power Stations
  • Binary Cycle Power Stations
6.3. Global Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Commercial
  • Residential
  • Industrial
  • Other End Users
7. Geothermal Power Generation Market Regional and Country Analysis
7.1. Global Geothermal Power Generation Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Geothermal Power Generation Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Geothermal Power Generation Market
8.1. Asia-Pacific Geothermal Power Generation Market Overview
(Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Geothermal Power Generation Market
9.1. China Geothermal Power Generation Market Overview
9.2. China Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Geothermal Power Generation Market
10.1. India Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Geothermal Power Generation Market
11.1. Japan Geothermal Power Generation Market Overview
11.2. Japan Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Geothermal Power Generation Market
12.1. Australia Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Geothermal Power Generation Market
13.1. Indonesia Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Geothermal Power Generation Market
14.1. South Korea Geothermal Power Generation Market Overview
14.2. South Korea Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Geothermal Power Generation Market
15.1. Western Europe Geothermal Power Generation Market Overview
15.2. Western Europe Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Geothermal Power Generation Market
16.1. UK Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Geothermal Power Generation Market
17.1. Germany Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Geothermal Power Generation Market
18.1. France Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Geothermal Power Generation Market
19.1. Italy Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Geothermal Power Generation Market
20.1. Spain Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Geothermal Power Generation Market
21.1. Eastern Europe Geothermal Power Generation Market Overview
21.2. Eastern Europe Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Geothermal Power Generation Market
22.1. Russia Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Geothermal Power Generation Market
23.1. North America Geothermal Power Generation Market Overview
23.2. North America Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Geothermal Power Generation Market
24.1. USA Geothermal Power Generation Market Overview
24.2. USA Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Geothermal Power Generation Market
25.1. Canada Geothermal Power Generation Market Overview
25.2. Canada Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Geothermal Power Generation Market
26.1. South America Geothermal Power Generation Market Overview
26.2. South America Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Geothermal Power Generation Market
27.1. Brazil Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Geothermal Power Generation Market
28.1. Middle East Geothermal Power Generation Market Overview
28.2. Middle East Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Geothermal Power Generation Market
29.1. Africa Geothermal Power Generation Market Overview
29.2. Africa Geothermal Power Generation Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Geothermal Power Generation Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Geothermal Power Generation Market, Segmentation by End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Geothermal Power Generation Market Competitive Landscape and Company Profiles
30.1. Geothermal Power Generation Market Competitive Landscape
30.2. Geothermal Power Generation Market Company Profiles
30.2.1. Chevron Corp.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Enel Green Power S.p.A.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Mitsubishi Corporation
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Siemens AG
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. General Electric SE
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Geothermal Power Generation Market Other Major and Innovative Companies
31.1. Sumitomo Corporation
31.2. ABB Ltd.
31.3. Berkshire Hathaway Energy
31.4. Toshiba Corporation
31.5. Atlas Copco AB
31.6. Calpine Corporation
31.7. Fuji Electric Co. Ltd.
31.8. Tata Power Company Limited
31.9. Aboitiz Power Corporation
31.10. First Gen Corporation
31.11. Ansaldo Energia S.P.A.
31.12. Ormat Technologies Inc.
31.13. Innergex Renewable Energy Inc.
31.14. Climatemaster Inc.
31.15. Green Mountain Energy Company
32. Global Geothermal Power Generation Market Competitive Benchmarking33. Global Geothermal Power Generation Market Competitive Dashboard34. Key Mergers and Acquisitions in the Geothermal Power Generation Market
35. Geothermal Power Generation Market Future Outlook and Potential Analysis
35.1 Geothermal Power Generation Market in 2028 - Countries Offering Most New Opportunities
35.2 Geothermal Power Generation Market in 2028 - Segments Offering Most New Opportunities
35.3 Geothermal Power Generation Market in 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Geothermal Power Generation Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on geothermal power generation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for geothermal power generation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The geothermal power generation market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Binary Cycle; Dry Steam; Flash Steam
2) By Application: Dry Steam Power Stations; Flash Steam Power Stations; Binary Cycle Power Stations
3) By End Users: Commercial; Residential; Industrial; Other End Users

Key Companies Mentioned: Chevron Corp.; Enel Green Power S.p.A.; Mitsubishi Corporation; Siemens AG; General Electric SE

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Chevron Corp.
  • Enel Green Power S.p.A.
  • Mitsubishi Corporation
  • Siemens AG
  • General Electric SE
  • Sumitomo Corporation
  • ABB Ltd.
  • Berkshire Hathaway Energy
  • Toshiba Corporation
  • Atlas Copco AB
  • Calpine Corporation
  • Fuji Electric Co. Ltd.
  • Tata Power Company Limited
  • Aboitiz Power Corporation
  • First Gen Corporation
  • Ansaldo Energia S.P.A.
  • Ormat Technologies Inc.
  • Innergex Renewable Energy Inc.
  • Climatemaster Inc.
  • Green Mountain Energy Company
  • Exergy Inc.
  • GEG Power Equipments Private Limited
  • ElectraTherm Inc.
  • Fervo Energy Co.
  • Climeon AB

Methodology

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