Geothermal Energy Market - Global Industry Analysis

Geothermal Energy Market by Type (Direct Dry Steam Plant, Flash Plant, and Binary Plant) and by Application (Residential, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 18-Apr-2019 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-3133 Status : Published

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.

Description

Geothermal Energy Market: Industry Perspective

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.

Global Geothermal Energy Market

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:

Global Geothermal Energy Market: Type Analysis

  • Direct Dry Steam Plant
  • Binary Plant
  • Flash Plant

Global Geothermal Energy Market: Application Analysis

  • Residential
  • Industrial
  • Commercial

Global Geothermal Energy Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Geothermal Energy market, 2016-2025 (USD Billion)
    • 2.2. Global Geothermal Energy market: snapshot
  •  
  • Chapter 3. Geothermal Energy Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Geothermal Energy market drivers: impact analysis
      • 3.2.2. Rising demand for renewable energy resources
    • 3.3. Market Restraints
      • 3.3.1. Global Geothermal Energy market restraints: impact analysis
      • 3.3.2. High implementation costs
    • 3.4. Opportunities
      • 3.4.1. Stringent government rules and regulations regarding excessive use of fossil fuels
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by Type
      • 3.6.2. Market attractiveness analysis, by Application
      • 3.6.3. Market attractiveness analysis, by Region
  •  
  • Chapter 4. Global Geothermal Energy Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Geothermal Energy market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Geothermal Energy Market - Type Analysis
    • 5.1. Global Geothermal Energy market: Type overview
      • 5.1.1. Global Geothermal Energy market revenue, by Type, 2018 and 2025
    • 5.2. Direct Dry Steam Plant
      • 5.2.1. Global Geothermal Energy market for Direct Dry Steam Plant, 2016-2025 (USD Billion)
    • 5.3. Binary Plant
      • 5.3.1. Global Geothermal Energy market for Binary Plant, 2016-2025 (USD Billion)
    • 5.4. Flash Plant
      • 5.4.1. Global Geothermal Energy market for Flash Plant, 2016-2025 (USD Billion)
  •  
  • Chapter 6. Global Geothermal Energy Market - Application Analysis
    • 6.1. Global Geothermal Energy market: Application overview
      • 6.1.1. Global Geothermal Energy market revenue, by Application, 2018 and 2025
    • 6.2. Residential
      • 6.2.1. Global Geothermal Energy market for Residential, 2016-2025 (USD Billion)
    • 6.3. Industrial
      • 6.3.1. Global Geothermal Energy market for Industrial, 2016-2025 (USD Billion)
    • 6.4. Commercial
      • 6.4.1. Global Geothermal Energy market for Commercial, 2016-2025 (USD Billion)
  •  
  • Chapter 7. Global Geothermal Energy Market - Regional Analysis
    • 7.1. Global Geothermal Energy market: regional overview
      • 7.1.1. Global Geothermal Energy Market revenue, by region, 2018 and 2025
    • 7.2. North America
      • 7.2.1. North America Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
      • 7.2.2. North America Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
      • 7.2.3. The U.S.
        • 7.2.3.1. The U.S. Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
        • 7.2.3.2. The U.S. Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion) (Tons)
      • 7.3.2. Europe Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
      • 7.3.3. UK
        • 7.3.3.1. UK Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
        • 7.3.3.2. UK Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
      • 7.3.4. Germany
        • 7.3.4.1. Germany Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
        • 7.3.4.2. Germany Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
        • 7.3.5.2. France Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
      • 7.4.2. Asia Pacific Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
        • 7.4.3.2. China Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
        • 7.4.4.2. Japan Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
        • 7.4.5.2. India Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
      • 7.5.2. Latin America Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
        • 7.5.3.2. Brazil Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East and Africa Geothermal Energy Market revenue, by Type, 2016-2025 (USD Billion)
      • 7.6.2. The Middle East and Africa Geothermal Energy Market revenue, by Application, 2016-2025 (USD Billion)
  •  
  • Chapter 8. Company Profile
    • 8.1. Mitsubishi Heavy Industries
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Berkshire Hathaway Energy
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Enel Green Power North America Inc.
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Toshiba International Corp.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Hyundai
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Chevron Corporation
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Pertamina Geothermal Energy
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Energy Development Corporation
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Aboitiz Power
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Gradient Resources
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global Geothermal Energy Market revenue, 2016–2025 (USD Billion)
4. Porter’s Five Forces Analysis
5. Geothermal Energy market attractiveness analysis, by type
6. Geothermal Energy market attractiveness analysis, by application
7. Geothermal Energy market: market attractiveness analysis, by region
8. Company market share analysis, 2018
9. Global Geothermal Energy Market Revenue by Type, 2018 and 2025
10. Global Geothermal Energy market for Direct Dry Steam Plant, 2016–2025 (USD Billion)
11. Global Geothermal Energy market for Binary Plant, 2016–2025 (USD Billion)
12. Global Geothermal Energy market for Flash Plant, 2016–2025 (USD Billion)
13. Global Geothermal Energy Market revenue by Application, 2018 and 2025
14. Global Geothermal Energy market for Residential, 2016–2025 (USD Billion)
15. Global Geothermal Energy market for Industrial, 2016–2025 (USD Billion)
16. Global Geothermal Energy market for Commercial, 2016–2025 (USD Billion)
 


Table Of Tables

List of Tables

1. Geothermal Energy market: market snapshot                                                                    
2. Drivers of global Geothermal Energy market: impact analysis 
3. Restraints of global Geothermal Energy market: impact analysis
4. North America Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
5. North America Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
6. The U.S. Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
7. The U.S. Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
8. Europe Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
9. Europe Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
10. UK Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
11. UK Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
12. Germany Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
13. Germany Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
14. France Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
15. France Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
16. Asia Pacific Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
17. Asia Pacific Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
18. China Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
19. China Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
20. Japan Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
21. Japan Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
22. India Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
23. India Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
24. Latin America Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
25. Latin America Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
26. Brazil Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
27. Brazil Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
28. The Middle East and Africa Geothermal Energy Market revenue, by Type, 2016–2025 (USD Billion)
29. The Middle East and Africa Geothermal Energy Market revenue, by Application, 2016–2025 (USD Billion)
 

Methodology

Free Analysis

Geothermal energy is a renewable form of energy and one of its biggest advantages is its constant availability. The continuous flow of heat from the Earth ensures an unlimited supply of energy for billions and trillions of years to come. In simple words, geothermal energy is the heat from the Earth, which is clean and sustainable in nature. The resources of geothermal energy range from the shallow ground to hot water and hot rock found a few miles beneath the Earth's surface. Geothermal energy is also used for energy generation. Geothermal heat is used directly, without a power plant or heat pumps.

The global geothermal energy market is likely to experience significant growth in the future, owing to the rapid depletion of non-renewable energy resources. Currently, the overutilization of non-renewable energy resources has led to the scarcity of fossil fuels and their extracts. Additionally, fossil fuels lead to increased carbon emissions, which contributes to air pollution and global warming. To avoid this, governments across the world along with various regulatory and civic bodies have formulated stringent rules and regulations regarding sustainability and eco-friendliness. These norms and regulations will further stimulate the use of renewable energy resources. The ongoing constructional activities owing to rapid urbanization will also spur the market growth in the forthcoming years. Geothermal energy is used for heating and cooling purposes of large infrastructural buildings, which is also contributing to the geothermal energy market growth. However, the high installation costs of geothermal energy may hamper market growth in the future.

Global Geothermal Energy Market

Based on type, the geothermal energy market is segmented into the direct dry steam plant, flash plant, and binary plant. By application, the market is categorized into industrial, residential, and commercial.

North America held an extensive share of the global geothermal energy market in 2018 and is expected to continue with its regional authority over the upcoming years. This regional growth can be attributed to the rising clean energy demand and increasing emission reduction measures. Moreover, the growing demand for cooling and heating systems will have a positive impact on this regional market growth. The Asia Pacific region is expected to provide significant opportunities for the global geothermal energy market, due to the growing demand for clean and green electricity, rapid industrialization, and swift urbanization. Additionally, the government initiatives to produce electricity from renewable energy resources is another factor that will foster the geothermal energy market growth in the Asia Pacific region over the forecast time period.

Some key players of 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.

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