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Geothermal Power Market by Power Station Type, End-Use: Global Opportunity Analysis and Industry Forecast, 2025-2034

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    Report

  • 350 Pages
  • November 2025
  • Region: Global
  • Allied Market Research
  • ID: 6217968
Description Jump to:
The global geothermal power market size was valued at $7.4 billion in 2024, and is projected to reach $14.5 billion by 2034, growing at a CAGR of 7.0% from 2025 to 2034.

Geothermal power refers to electricity generated from the natural heat stored within the Earth’s crust. It is considered one of the most reliable and sustainable renewable energy sources, offering consistent baseload power with minimal environmental impact. Governments, energy developers, and technology providers are increasingly investing in geothermal projects to diversify energy mixes, reduce carbon emissions, and address surge in electricity demand. This market has gained significant traction due to its ability to deliver continuous power generation, unlike intermittent renewable sources such as wind and solar. As the global push toward clean and renewable energy accelerates, geothermal power continues to emerge as a crucial component of long-term energy security strategies.

Factors such as rise in demand for clean and dependable power generation and favorable government policies to promote renewable energy development positively impact the growth of the geothermal power market. In addition, the increase in focus on reducing greenhouse gas emissions, combined with the need for sustainable baseload energy solutions, is expected to fuel market expansion during the forecast period. Moreover, technological advancements in drilling techniques, reservoir simulation, and enhanced geothermal systems are anticipated to further support market growth by improving the feasibility and scalability of geothermal projects.

However, high upfront capital investment, exploration risks, and geographical limitations hamper market growth. In addition, environmental concerns related to land use, induced seismicity, and water usage further restrains widespread adoption of geothermal technologies.

On the other hand, the rise of geothermal heating and cooling applications, alongside hybrid renewable systems, creates numerous opportunities in both developed and emerging markets. These advancements help increase energy access, reduce dependence on fossil fuels, and promote long-term sustainability. Moreover, collaborations between governments, research institutions, and private developers are expected to provide remunerative opportunities for the expansion of the global geothermal power market during the forecast period. On the other hand, the integration of digital technologies, such as AI-driven reservoir analysis, advanced sensors, and real-time monitoring systems, is expected to provide lucrative growth opportunities in the upcoming years. In addition, innovations that enhance drilling efficiency, reduce exploration risks, and optimize plant performance are anticipated to create new avenues for market growth, making geothermal power generation more cost-effective, reliable, and environmentally friendly. For instance, in April 2023, Enel Green Power Italia partnered with Nippon Gases Operations to build a plant at its Piancastagnaio geothermal site to purify and liquefy naturally occurring CO₂ from geothermal fluids.

Segment Review

The geothermal power market is segmented into power station type, end use, and region. On the basis of power station type, market is divided into dry steam power stations, flash steam power stations, binary cycle power stations. On the basis of end-use, the market is classified into residential, commercial, industrial, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

  • On the basis of power station type, the binary cycle power stations segment accounted for the largest share in 2024.
  • On the basis of end use, the industrial segment accounted for a major portion of the geothermal power market share in 2024.
  • Region-wise, the Asia-Pacific region held the highest market share of the geothermal power market share in 2024.

Competition Analysis

Key players in the geothermal power market include Yokogawa Electric Corporation, Enel Spa, ABB Ltd, Toshiba Corporation, General Electric, Korea Electric Power Corporation, Siemens AG, Tata Power Company Limited, Mitsubishi Electric Corporation, and Ormat Technologies, Inc.

Additional benefits you will get with this purchase are:

  • Quarterly update with the purchase of an enterprise license.
  • 5 additional company profiles of your choice, pre- or post-purchase, as a free update.
  • Free version update with the purchase of an Enterprise User License.
  • 16 hours of analyst support.
  • 15% free customization (Equivalent to 3 working days of work, applicable once).
  • Free data pack (Excel) with the purchase of an Enterprise User License.
  • Free updated report if the report is 6-12 months old or older.
  • 24-hour priority response.
  • Free industry updates and white papers.

Further possible customization (additional cost and timeline):

  • Manufacturing Capacity
  • Technology Trend Analysis
  • Regulatory Guidelines
  • Additional company profiles with specific to client's interest
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • SWOT Analysis

Key Market Segments

By Power Station Type

  • Dry Steam Power Stations
  • Flash Steam Power Stations
  • Binary Cycle Power Stations

By End-Use

  • Residential
  • Commercial
  • Industrial
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • Portugal
  • France
  • Iceland
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • Indonesia
  • Japan
  • Philippines
  • Rest of Asia-Pacific
  • LAMEA
  • Chile
  • Turkey
  • Kenya
  • Rest of LAMEA

Key Market Players

  • ABB Ltd
  • General Electric
  • Siemens AG
  • Tata Power Company Limited
  • Enel Spa
  • Mitsubishi Electric Corporation
  • Korea Electric Power Corporation
  • TOSHIBA CORPORATION
  • Ormat Technologies, Inc.
  • Yokogawa Electric Corporation

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growing Demand for Renewable and Sustainable Energy Sources
3.4.1.2. Increasing Focus on Reducing Greenhouse Gas Emissions
3.4.2. Restraints
3.4.2.1. High initial investment cost
3.4.3. Opportunities
3.4.3.1. Rising Investments in Clean Energy Infrastructure
3.5. Value Chain Analysis
3.6. Regulatory Guidelines
CHAPTER 4: GEOTHERMAL POWER MARKET, BY POWER STATION TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Dry Steam Power Stations
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Flash Steam Power Stations
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Binary Cycle Power Stations
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: GEOTHERMAL POWER MARKET, BY END-USE
5.1. Overview
5.1.1. Market size and forecast
5.2. Residential
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Commercial
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Industrial
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Others
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
CHAPTER 6: GEOTHERMAL POWER MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by Power Station Type
6.2.3. Market size and forecast, by End-Use
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by Power Station Type
6.2.4.1.2. Market size and forecast, by End-Use
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by Power Station Type
6.2.4.2.2. Market size and forecast, by End-Use
6.3. Europe
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by Power Station Type
6.3.3. Market size and forecast, by End-Use
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Market size and forecast, by Power Station Type
6.3.4.1.2. Market size and forecast, by End-Use
6.3.4.2. Portugal
6.3.4.2.1. Market size and forecast, by Power Station Type
6.3.4.2.2. Market size and forecast, by End-Use
6.3.4.3. France
6.3.4.3.1. Market size and forecast, by Power Station Type
6.3.4.3.2. Market size and forecast, by End-Use
6.3.4.4. Iceland
6.3.4.4.1. Market size and forecast, by Power Station Type
6.3.4.4.2. Market size and forecast, by End-Use
6.3.4.5. Italy
6.3.4.5.1. Market size and forecast, by Power Station Type
6.3.4.5.2. Market size and forecast, by End-Use
6.3.4.6. Rest of Europe
6.3.4.6.1. Market size and forecast, by Power Station Type
6.3.4.6.2. Market size and forecast, by End-Use
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by Power Station Type
6.4.3. Market size and forecast, by End-Use
6.4.4. Market size and forecast, by country
6.4.4.1. Indonesia
6.4.4.1.1. Market size and forecast, by Power Station Type
6.4.4.1.2. Market size and forecast, by End-Use
6.4.4.2. Japan
6.4.4.2.1. Market size and forecast, by Power Station Type
6.4.4.2.2. Market size and forecast, by End-Use
6.4.4.3. Philippines
6.4.4.3.1. Market size and forecast, by Power Station Type
6.4.4.3.2. Market size and forecast, by End-Use
6.4.4.4. Rest of Asia-Pacific
6.4.4.4.1. Market size and forecast, by Power Station Type
6.4.4.4.2. Market size and forecast, by End-Use
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by Power Station Type
6.5.3. Market size and forecast, by End-Use
6.5.4. Market size and forecast, by country
6.5.4.1. Chile
6.5.4.1.1. Market size and forecast, by Power Station Type
6.5.4.1.2. Market size and forecast, by End-Use
6.5.4.2. Turkey
6.5.4.2.1. Market size and forecast, by Power Station Type
6.5.4.2.2. Market size and forecast, by End-Use
6.5.4.3. Kenya
6.5.4.3.1. Market size and forecast, by Power Station Type
6.5.4.3.2. Market size and forecast, by End-Use
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Market size and forecast, by Power Station Type
6.5.4.4.2. Market size and forecast, by End-Use
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2024
CHAPTER 8: COMPANY PROFILES
8.1. Yokogawa Electric Corporation
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.1.7. Key strategic moves and developments
8.2. Enel Spa
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.3. ABB Ltd
8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.4. TOSHIBA CORPORATION
8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Business performance
8.5. General Electric
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.6. Korea Electric Power Corporation
8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Business performance
8.7. Siemens AG
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.8. Mitsubishi Electric Corporation
8.8.1. Company overview
8.8.2. Key executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.9. Ormat Technologies, Inc.
8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.10. Tata Power Company Limited
8.10.1. Company overview
8.10.2. Key executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. Business performance
LIST OF TABLES
TABLE 1. GLOBAL GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 2. GLOBAL GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 3. GEOTHERMAL POWER MARKET FOR DRY STEAM POWER STATIONS, BY REGION, 2024-2034 ($MILLION)
TABLE 4. GEOTHERMAL POWER MARKET FOR DRY STEAM POWER STATIONS, BY REGION, 2024-2034 (GWH)
TABLE 5. GEOTHERMAL POWER MARKET FOR FLASH STEAM POWER STATIONS, BY REGION, 2024-2034 ($MILLION)
TABLE 6. GEOTHERMAL POWER MARKET FOR FLASH STEAM POWER STATIONS, BY REGION, 2024-2034 (GWH)
TABLE 7. GEOTHERMAL POWER MARKET FOR BINARY CYCLE POWER STATIONS, BY REGION, 2024-2034 ($MILLION)
TABLE 8. GEOTHERMAL POWER MARKET FOR BINARY CYCLE POWER STATIONS, BY REGION, 2024-2034 (GWH)
TABLE 9. GLOBAL GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 10. GLOBAL GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 11. GEOTHERMAL POWER MARKET FOR RESIDENTIAL, BY REGION, 2024-2034 ($MILLION)
TABLE 12. GEOTHERMAL POWER MARKET FOR RESIDENTIAL, BY REGION, 2024-2034 (GWH)
TABLE 13. GEOTHERMAL POWER MARKET FOR COMMERCIAL, BY REGION, 2024-2034 ($MILLION)
TABLE 14. GEOTHERMAL POWER MARKET FOR COMMERCIAL, BY REGION, 2024-2034 (GWH)
TABLE 15. GEOTHERMAL POWER MARKET FOR INDUSTRIAL, BY REGION, 2024-2034 ($MILLION)
TABLE 16. GEOTHERMAL POWER MARKET FOR INDUSTRIAL, BY REGION, 2024-2034 (GWH)
TABLE 17. GEOTHERMAL POWER MARKET FOR OTHERS, BY REGION, 2024-2034 ($MILLION)
TABLE 18. GEOTHERMAL POWER MARKET FOR OTHERS, BY REGION, 2024-2034 (GWH)
TABLE 19. GEOTHERMAL POWER MARKET, BY REGION, 2024-2034 ($MILLION)
TABLE 20. GEOTHERMAL POWER MARKET, BY REGION, 2024-2034 (GWH)
TABLE 21. NORTH AMERICA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 22. NORTH AMERICA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 23. NORTH AMERICA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 24. NORTH AMERICA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 25. NORTH AMERICA GEOTHERMAL POWER MARKET, BY COUNTRY, 2024-2034 ($MILLION)
TABLE 26. NORTH AMERICA GEOTHERMAL POWER MARKET, BY COUNTRY, 2024-2034 (GWH)
TABLE 27. U.S. GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 28. U.S. GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 29. U.S. GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 30. U.S. GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 31. CANADA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 32. CANADA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 33. CANADA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 34. CANADA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 35. EUROPE GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 36. EUROPE GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 37. EUROPE GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 38. EUROPE GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 39. EUROPE GEOTHERMAL POWER MARKET, BY COUNTRY, 2024-2034 ($MILLION)
TABLE 40. EUROPE GEOTHERMAL POWER MARKET, BY COUNTRY, 2024-2034 (GWH)
TABLE 41. GERMANY GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 42. GERMANY GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 43. GERMANY GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 44. GERMANY GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 45. PORTUGAL GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 46. PORTUGAL GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 47. PORTUGAL GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 48. PORTUGAL GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 49. FRANCE GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 50. FRANCE GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 51. FRANCE GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 52. FRANCE GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 53. ICELAND GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 54. ICELAND GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 55. ICELAND GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 56. ICELAND GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 57. ITALY GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 58. ITALY GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 59. ITALY GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 60. ITALY GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 61. REST OF EUROPE GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 62. REST OF EUROPE GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 63. REST OF EUROPE GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 64. REST OF EUROPE GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 65. ASIA-PACIFIC GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 66. ASIA-PACIFIC GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 67. ASIA-PACIFIC GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 68. ASIA-PACIFIC GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 69. ASIA-PACIFIC GEOTHERMAL POWER MARKET, BY COUNTRY, 2024-2034 ($MILLION)
TABLE 70. ASIA-PACIFIC GEOTHERMAL POWER MARKET, BY COUNTRY, 2024-2034 (GWH)
TABLE 71. INDONESIA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 72. INDONESIA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 73. INDONESIA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 74. INDONESIA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 75. JAPAN GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 76. JAPAN GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 77. JAPAN GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 78. JAPAN GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 79. PHILIPPINES GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 80. PHILIPPINES GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 81. PHILIPPINES GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 82. PHILIPPINES GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 83. REST OF ASIA-PACIFIC GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 84. REST OF ASIA-PACIFIC GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 85. REST OF ASIA-PACIFIC GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 86. REST OF ASIA-PACIFIC GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 87. LAMEA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 88. LAMEA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 89. LAMEA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 90. LAMEA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 91. LAMEA GEOTHERMAL POWER MARKET, BY COUNTRY, 2024-2034 ($MILLION)
TABLE 92. LAMEA GEOTHERMAL POWER MARKET, BY COUNTRY, 2024-2034 (GWH)
TABLE 93. CHILE GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 94. CHILE GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 95. CHILE GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 96. CHILE GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 97. TURKEY GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 98. TURKEY GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 99. TURKEY GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 100. TURKEY GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 101. KENYA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 102. KENYA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 103. KENYA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 104. KENYA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 105. REST OF LAMEA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 ($MILLION)
TABLE 106. REST OF LAMEA GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024-2034 (GWH)
TABLE 107. REST OF LAMEA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 ($MILLION)
TABLE 108. REST OF LAMEA GEOTHERMAL POWER MARKET, BY END-USE, 2024-2034 (GWH)
TABLE 109. YOKOGAWA ELECTRIC CORPORATION: KEY EXECUTIVES
TABLE 110. YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 111. YOKOGAWA ELECTRIC CORPORATION: PRODUCT SEGMENTS
TABLE 112. YOKOGAWA ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 113. YOKOGAWA ELECTRIC CORPORATION: KEY STRATERGIES
TABLE 114. ENEL SPA: KEY EXECUTIVES
TABLE 115. ENEL SPA: COMPANY SNAPSHOT
TABLE 116. ENEL SPA: PRODUCT SEGMENTS
TABLE 117. ENEL SPA: PRODUCT PORTFOLIO
TABLE 118. ABB LTD: KEY EXECUTIVES
TABLE 119. ABB LTD: COMPANY SNAPSHOT
TABLE 120. ABB LTD: PRODUCT SEGMENTS
TABLE 121. ABB LTD: PRODUCT PORTFOLIO
TABLE 122. TOSHIBA CORPORATION: KEY EXECUTIVES
TABLE 123. TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 124. TOSHIBA CORPORATION: PRODUCT SEGMENTS
TABLE 125. TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 126. GENERAL ELECTRIC: KEY EXECUTIVES
TABLE 127. GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 128. GENERAL ELECTRIC: PRODUCT SEGMENTS
TABLE 129. GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 130. KOREA ELECTRIC POWER CORPORATION: KEY EXECUTIVES
TABLE 131. KOREA ELECTRIC POWER CORPORATION: COMPANY SNAPSHOT
TABLE 132. KOREA ELECTRIC POWER CORPORATION: PRODUCT SEGMENTS
TABLE 133. KOREA ELECTRIC POWER CORPORATION: SERVICE SEGMENTS
TABLE 134. KOREA ELECTRIC POWER CORPORATION: PRODUCT PORTFOLIO
TABLE 135. SIEMENS AG: KEY EXECUTIVES
TABLE 136. SIEMENS AG: COMPANY SNAPSHOT
TABLE 137. SIEMENS AG: PRODUCT SEGMENTS
TABLE 138. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 139. MITSUBISHI ELECTRIC CORPORATION: KEY EXECUTIVES
TABLE 140. MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 141. MITSUBISHI ELECTRIC CORPORATION: PRODUCT SEGMENTS
TABLE 142. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 143. ORMAT TECHNOLOGIES, INC.: KEY EXECUTIVES
TABLE 144. ORMAT TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 145. ORMAT TECHNOLOGIES, INC.: PRODUCT SEGMENTS
TABLE 146. ORMAT TECHNOLOGIES, INC.: PRODUCT PORTFOLIO
TABLE 147. TATA POWER COMPANY LIMITED: KEY EXECUTIVES
TABLE 148. TATA POWER COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 149. TATA POWER COMPANY LIMITED: PRODUCT SEGMENTS
TABLE 150. TATA POWER COMPANY LIMITED: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 1. GEOTHERMAL POWER MARKET, 2024-2034
FIGURE 2. SEGMENTATION OF GEOTHERMAL POWER MARKET,2024-2034
FIGURE 3. TOP IMPACTING FACTORS IN GEOTHERMAL POWER MARKET (2024 TO 2034)
FIGURE 4. TOP INVESTMENT POCKETS IN GEOTHERMAL POWER MARKET (2025-2034)
FIGURE 5. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 6. MODERATE THREAT OF NEW ENTRANTS
FIGURE 7. MODERATE THREAT OF SUBSTITUTES
FIGURE 8. MODERATE INTENSITY OF RIVALRY
FIGURE 9. MODERATE BARGAINING POWER OF BUYERS
FIGURE 10. GLOBAL GEOTHERMAL POWER MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
FIGURE 11. GEOTHERMAL POWER MARKET, BY POWER STATION TYPE, 2024 AND 2034(%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF GEOTHERMAL POWER MARKET FOR DRY STEAM POWER STATIONS, BY COUNTRY 2024 AND 2034(%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF GEOTHERMAL POWER MARKET FOR FLASH STEAM POWER STATIONS, BY COUNTRY 2024 AND 2034(%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF GEOTHERMAL POWER MARKET FOR BINARY CYCLE POWER STATIONS, BY COUNTRY 2024 AND 2034(%)
FIGURE 15. GEOTHERMAL POWER MARKET, BY END-USE, 2024 AND 2034(%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF GEOTHERMAL POWER MARKET FOR RESIDENTIAL, BY COUNTRY 2024 AND 2034(%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF GEOTHERMAL POWER MARKET FOR COMMERCIAL, BY COUNTRY 2024 AND 2034(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF GEOTHERMAL POWER MARKET FOR INDUSTRIAL, BY COUNTRY 2024 AND 2034(%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF GEOTHERMAL POWER MARKET FOR OTHERS, BY COUNTRY 2024 AND 2034(%)
FIGURE 20. GEOTHERMAL POWER MARKET BY REGION, 2024 AND 2034(%)
FIGURE 21. U.S. GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 22. CANADA GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 23. GERMANY GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 24. PORTUGAL GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 25. FRANCE GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 26. ICELAND GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 27. ITALY GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 28. REST OF EUROPE GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 29. INDONESIA GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 30. JAPAN GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 31. PHILIPPINES GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 32. REST OF ASIA-PACIFIC GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 33. CHILE GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 34. TURKEY GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 35. KENYA GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 36. REST OF LAMEA GEOTHERMAL POWER MARKET, 2024-2034 ($MILLION)
FIGURE 37. TOP WINNING STRATEGIES, BY YEAR (2022)
FIGURE 38. TOP WINNING STRATEGIES, BY DEVELOPMENT (2022)
FIGURE 39. TOP WINNING STRATEGIES, BY COMPANY (2022)
FIGURE 40. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 41. COMPETITIVE DASHBOARD
FIGURE 42. COMPETITIVE HEATMAP: GEOTHERMAL POWER MARKET
FIGURE 43. TOP PLAYER POSITIONING, 2024
FIGURE 44. YOKOGAWA ELECTRIC CORPORATION: NET SALES, 2022-2024 ($MILLION)
FIGURE 45. YOKOGAWA ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2024 (%)
FIGURE 46. YOKOGAWA ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2024 (%)
FIGURE 47. ABB LTD: NET REVENUE, 2021-2023 ($MILLION)
FIGURE 48. ABB LTD: REVENUE SHARE BY SEGMENT, 2023 (%)
FIGURE 49. ABB LTD: REVENUE SHARE BY REGION, 2023 (%)
FIGURE 50. TOSHIBA CORPORATION: NET REVENUE, 2021-2023 ($MILLION)
FIGURE 51. TOSHIBA CORPORATION: REVENUE SHARE BY SEGMENT, 2023 (%)
FIGURE 52. TOSHIBA CORPORATION: REVENUE SHARE BY REGION, 2023 (%)
FIGURE 53. GENERAL ELECTRIC: NET REVENUE, 2021-2023 ($MILLION)
FIGURE 54. GENERAL ELECTRIC: RESEARCH & DEVELOPMENT EXPENDITURE, 2021-2023 ($MILLION)
FIGURE 55. GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2023 (%)
FIGURE 56. GENERAL ELECTRIC: REVENUE SHARE BY REGION, 2023 (%)
FIGURE 57. KOREA ELECTRIC POWER CORPORATION: NET REVENUE, 2022-2024 ($MILLION)
FIGURE 58. KOREA ELECTRIC POWER CORPORATION: REVENUE SHARE BY SEGMENT, 2024 (%)
FIGURE 59. KOREA ELECTRIC POWER CORPORATION: REVENUE SHARE BY REGION, 2024 (%)
FIGURE 60. SIEMENS AG: NET REVENUE, 2022-2024 ($MILLION)
FIGURE 61. SIEMENS AG: REVENUE SHARE BY SEGMENT, 2024 (%)
FIGURE 62. SIEMENS AG: REVENUE SHARE BY REGION, 2024 (%)
FIGURE 63. ORMAT TECHNOLOGIES, INC.: NET SALES, 2022-2024 ($MILLION)
FIGURE 64. ORMAT TECHNOLOGIES, INC.: REVENUE SHARE BY SEGMENT, 2024 (%)
FIGURE 65. ORMAT TECHNOLOGIES, INC.: REVENUE SHARE BY REGION, 2024 (%)
FIGURE 66. TATA POWER COMPANY LIMITED: NET SALES, 2022-2024 ($MILLION)
FIGURE 67. TATA POWER COMPANY LIMITED: REVENUE SHARE BY SEGMENT, 2024 (%)
FIGURE 68. TATA POWER COMPANY LIMITED: REVENUE SHARE BY REGION, 2024 (%)

Companies Mentioned

  • ABB Ltd
  • General Electric
  • Siemens AG
  • Tata Power Company Limited
  • Enel Spa
  • Mitsubishi Electric Corporation
  • Korea Electric Power Corporation
  • TOSHIBA CORPORATION
  • Ormat Technologies, Inc.
  • Yokogawa Electric Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages350
PublishedNovember 2025
Forecast Period2024 - 2034
Estimated Market Value ( USD ) in 2024 $ 7.4 billion
Forecasted Market Value ( USD ) by 2034 $ 14.5 billion
Compound Annual Growth Rate7.0%
Regions CoveredGlobal
No. of Companies Mentioned10

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