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Geothermal Power Market: Current Analysis and Forecast (2021-2027)

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There are different geothermal technologies with distinct levels of maturity. Technologies for direct uses like district heating, geothermal heat pumps, greenhouses, and for other applications are widely used and can be considered mature. The technology for electricity generation from hydrothermal reservoirs with naturally high permeability is also mature and reliable and has been operating since 1913. Deploying geothermal energy has additional benefits, as it also contributes to reduced global warming effects and public health risks resulting from the use of conventional energy sources. Furthermore, the deployment of geothermal energy helps reduce a country's dependence on fossil fuels. Geothermal project costs are highly site-sensitive. As per IRENA, Typical costs for geothermal power plants range from USD 1 870 to USD 5 050 per kilowatt (kW), noting that binary plants are normally more expensive than direct dry steam and flash plants. Additionally, there is a strong economic case for the deployment of geothermal energy. The costs for electricity generation from geothermal technologies are becoming increasingly competitive, and they are expected to continue to drop through 2050. However, some of the restraints in the market include High cost for establishment of Geothermal Power plant, negative impact of geothermal energy on the environment which are some factors impeding the growth of this market all over the world.

Based on power station type, the market is segmented into Dry Steam Power Stations, Flash Steam Power Stations, and Binary Cycle Power Stations. The Binary Cycle Power Stations segment grabbed XX% market share of the Global Geothermal Power Market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as they can be operated at low-temperature reservoirs (200F to 330F) & has little or no emissions of greenhouse gases and particulate matter.

Based on End User type, the market is segmented into Residential, Commercial, Industrial, & Others. In 2020, the Industrial segment dominated the Geothermal Power Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) due to the increasing industrialization & its uses for many applications in different industries globally.

For a better understanding of the market adoption of Geothermal Power, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 due to the presence of a large number of geothermal reserves and growing technological advancement for the generation of geothermal power in the region. However, Asia Pacific is set to be fastest growing market due to factors such as electrification of low-income & rural communities along with vast untapped reserves of geothermal power in the region.

Some of the major players operating in the market include Enel Green Power S.p.A., Aboitiz Power Corporation, Calpine Corporation, Alterra Power Corp, ABB Ltd. etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

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Table Of Content

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Global Geothermal Power Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Geothermal Power Market

2.1.1. Main Objective of the Global Geothermal Power Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL GEOTHERMAL POWER MARKET COVID-19

6 GLOBAL GEOTHERMAL POWER MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY POWER STATION TYPE

7.1. Dry Steam Power Stations

7.2. Flash Steam Power Stations

7.3. Binary Cycle Power Stations

8 MARKET INSIGHTS BY END USER

8.1. Residential

8.2. Commercial

8.3. Industrial

8.4. Others

9 MARKET INSIGHTS BY REGION

9.1. North America Geothermal Power Market

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe Geothermal Power Market

9.2.1. Germany

9.2.2. France

9.2.3. United Kingdom

9.2.4. Italy

9.2.5. Spain

9.2.6. Rest of Europe

9.3. Asia Pacific Geothermal Power Market

9.3.1. China

9.3.2. Japan

9.3.3. India

9.3.4. Australia

9.3.5. Rest of Asia Pacific

9.4. Rest of World Geothermal Power Market

10 GEOTHERMAL POWER MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 GEOTHERMAL POWER MARKET OPPORTUNITIES

12 GEOTHERMAL POWER MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

14.1. Demand Side Analysis

14.2. Supply Side Analysis

14.2.1. Top Product Launches

14.2.2. Top Business Partnerships

14.2.3. Top Business Expansions, Investments and Divestitures

14.2.4. Top Merger and Acquisitions

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

16.1. Porter's Five Forces Analysis

16.1.1. Bargaining power of Supplier

16.1.2. Bargaining power of Buyer

16.1.3. Industry Rivalry

16.1.4. Availability of Substitute

16.1.5. Threat of new Entrants

16.2. Competitive Landscape

16.2.1. Company Shares, By Revenue

17 COMPANY PROFILED

17.1. Enel Green Power S.p.A.

17.2. Aboitiz Power Corporation

17.3. Calpine Corporation

17.4. Alterra Power Corp

17.5. ABB Ltd.

17.6. Ormat Technologies Inc

17.7. Berkshire Hathaway Energy

17.8. Yokogawa Electric Corporation

17.9. EDF Group

17.10. Fuji Electric Co Ltd

18 DISCLAIMER

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Products and Companies


Companies

Enel Green Power S.p.A.

Aboitiz Power Corporation

Calpine Corporation

Alterra Power Corp

ABB Ltd.

Company Profile

Company Profile Title

There are different geothermal technologies with distinct levels of maturity. Technologies for direct uses like district heating, geothermal heat pumps, greenhouses, and for other applications are widely used and can be considered mature. The technology for electricity generation from hydrothermal reservoirs with naturally high permeability is also mature and reliable and has been operating since 1913. Deploying geothermal energy has additional benefits, as it also contributes to reduced global warming effects and public health risks resulting from the use of conventional energy sources. Furthermore, the deployment of geothermal energy helps reduce a country's dependence on fossil fuels. Geothermal project costs are highly site-sensitive. As per IRENA, Typical costs for geothermal power plants range from USD 1 870 to USD 5 050 per kilowatt (kW), noting that binary plants are normally more expensive than direct dry steam and flash plants. Additionally, there is a strong economic case for the deployment of geothermal energy. The costs for electricity generation from geothermal technologies are becoming increasingly competitive, and they are expected to continue to drop through 2050. However, some of the restraints in the market include High cost for establishment of Geothermal Power plant, negative impact of geothermal energy on the environment which are some factors impeding the growth of this market all over the world.

Based on power station type, the market is segmented into Dry Steam Power Stations, Flash Steam Power Stations, and Binary Cycle Power Stations. The Binary Cycle Power Stations segment grabbed XX% market share of the Global Geothermal Power Market and gathered revenue of USD XX billion in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX billion by 2027 as they can be operated at low-temperature reservoirs (200F to 330F) & has little or no emissions of greenhouse gases and particulate matter.

Based on End User type, the market is segmented into Residential, Commercial, Industrial, & Others. In 2020, the Industrial segment dominated the Geothermal Power Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) due to the increasing industrialization & its uses for many applications in different industries globally.

For a better understanding of the market adoption of Geothermal Power, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes the largest market for the industry and generated revenue of USD XX billion in 2020 due to the presence of a large number of geothermal reserves and growing technological advancement for the generation of geothermal power in the region. However, Asia Pacific is set to be fastest growing market due to factors such as electrification of low-income & rural communities along with vast untapped reserves of geothermal power in the region.

Some of the major players operating in the market include Enel Green Power S.p.A., Aboitiz Power Corporation, Calpine Corporation, Alterra Power Corp, ABB Ltd. etc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

READ MORE

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Global Geothermal Power Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Geothermal Power Market

2.1.1. Main Objective of the Global Geothermal Power Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL GEOTHERMAL POWER MARKET COVID-19

6 GLOBAL GEOTHERMAL POWER MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY POWER STATION TYPE

7.1. Dry Steam Power Stations

7.2. Flash Steam Power Stations

7.3. Binary Cycle Power Stations

8 MARKET INSIGHTS BY END USER

8.1. Residential

8.2. Commercial

8.3. Industrial

8.4. Others

9 MARKET INSIGHTS BY REGION

9.1. North America Geothermal Power Market

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe Geothermal Power Market

9.2.1. Germany

9.2.2. France

9.2.3. United Kingdom

9.2.4. Italy

9.2.5. Spain

9.2.6. Rest of Europe

9.3. Asia Pacific Geothermal Power Market

9.3.1. China

9.3.2. Japan

9.3.3. India

9.3.4. Australia

9.3.5. Rest of Asia Pacific

9.4. Rest of World Geothermal Power Market

10 GEOTHERMAL POWER MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 GEOTHERMAL POWER MARKET OPPORTUNITIES

12 GEOTHERMAL POWER MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

14.1. Demand Side Analysis

14.2. Supply Side Analysis

14.2.1. Top Product Launches

14.2.2. Top Business Partnerships

14.2.3. Top Business Expansions, Investments and Divestitures

14.2.4. Top Merger and Acquisitions

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

16.1. Porter's Five Forces Analysis

16.1.1. Bargaining power of Supplier

16.1.2. Bargaining power of Buyer

16.1.3. Industry Rivalry

16.1.4. Availability of Substitute

16.1.5. Threat of new Entrants

16.2. Competitive Landscape

16.2.1. Company Shares, By Revenue

17 COMPANY PROFILED

17.1. Enel Green Power S.p.A.

17.2. Aboitiz Power Corporation

17.3. Calpine Corporation

17.4. Alterra Power Corp

17.5. ABB Ltd.

17.6. Ormat Technologies Inc

17.7. Berkshire Hathaway Energy

17.8. Yokogawa Electric Corporation

17.9. EDF Group

17.10. Fuji Electric Co Ltd

18 DISCLAIMER

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

Enel Green Power S.p.A.

Aboitiz Power Corporation

Calpine Corporation

Alterra Power Corp

ABB Ltd.