June 2021 Report on Global Geothermal Energy Market Overview, Size, Share and Trends 2021-2026

(Heraldkeepers via Comtex)

Global Geothermal Energy Market is valued approximately at USD 44.1 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 1.7 % over the forecast period 2021-2027. Geothermal Energy is a reliable and renewable source of energy that can be achieved without combustion and any other fuel burning. The future plans for geothermal energy industry show that there are signs of a move towards the increasing use of binary geothermal plants. Increasing consumer awareness about renewable and natural sources of energies are the driving factor for the market. Government investments in natural sources of energy has been increased in past few years with stringent policies for reducing carbon foot print is anticipating the growth of market in the forecasted year. Furthermore, advancement in technologies with low initial cost and higher efficiency will give opportunities in future to benefit the market. For instances: The shifting focus on renewables to reach the climate targets will positively influence the industry landscape. However, surface instability and potential emissions may impede market growth over the forecast period of 2021-2027.

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Global Geothermal Energy market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share due to growing demand clean and natural source of electricity in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to government initiatives and projects in the region.

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Major market player included in this report are:
Ormat Technologies Inc.
U.S. Geothermal Inc.
Terra-Gen Power LLC
Chevron Corp.
Berkshire Hathaway Inc.
Enel Green Power North America Inc.
Gradient Resources
Toshiba International Corp.
EthosEnergy Group

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Binary Plants
Direct Dry Steam Plants
Flash Plants
Others(Combined Cycle Or Hybrid Cycle)

By Application:
Tertiary Uses
District Heating Networks
Power Production
Heat Production

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Geothermal Energy Market Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Table of Contents

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Geothermal Energy Market, by Type, 2019-2027 (USD Billion)
1.2.2. Geothermal Energy Market, by Application, 2019-2027 (USD Billion)
1.2.3. Geothermal Energy Market, By Region, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Geothermal Energy Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

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Chapter 3. Global Geothermal Energy Market Dynamics
3.1. Geothermal Energy Market Impact Analysis (2018-2027)
3.1.1. Market Drivers Increasing awareness about renewable source of energy Stringent government policies
3.1.2. Market Challenges Negative impact on environment by Potential Emissions Surface instability while digging the earth
3.1.3. Market Opportunities Advancement in technologies with low initial cost higher efficiencies
Chapter 4. Global Geothermal Energy Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

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Chapter 5. Global Geothermal Energy Market, by Type
5.1. Market Snapshot
5.2. Global Geothermal Energy Market by Source, Performance – Potential Analysis
5.3. Global Geothermal Energy Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Geothermal Energy Market, Sub Segment Analysis
5.4.1. Binary Plants
5.4.2. Direct Dry Steam Plants
5.4.3. Flash Plants
5.4.4. Others(Combined Cycle Or Hybrid Cycle)



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