Global geothermal energy market is expected to generate around USD 9 billion by 2025, at a CAGR of around 11% between 2019 and 2025. The continuous flow of heat from the Earth ensures an unlimited supply of energy for billions and trillions of years to come.
Geothermal Energy Market
The report covers a forecast and an analysis of the geothermal energy market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the geothermal energy market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the geothermal energy market on a global level.
In order to give the users of this report a comprehensive view of the geothermal energy market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new Type launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolios of various companies according to regions.
The study provides a decisive view of the geothermal energy market based on type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.
Some key players in the global geothermal energy market are Mitsubishi Heavy Industries, Berkshire Hathaway Energy, Enel Green Power North America Inc., Toshiba International Corp., Hyundai, Chevron Corporation, Pertamina Geothermal Energy (PGE), Energy Development Corporation, Aboitiz Power, Ormat Industries, and Gradient Resources.
This report segments the global geothermal energy market into: