Geothermal energy is the heat from the Earth. It's clean and sustainable. Resources of geothermal energy range from the shallow ground to hot water and hot rock found a few miles beneath the Earth's surface, and down even deeper to the extremely high temperatures of molten rock called magma.
The U.S. is a major geothermal power producer in North America. Planned capacity expansions in existing power plants coupled with upcoming geothermal projects are expected to drive the market growth in the region over the next six years. Technological advancements and presence of large number of geothermal reserves in the region are expected to further complement the market growth. Policy barriers and inadequate transmission infrastructure in the region are expected to pose challenges to the North American market. Asia Pacific is expected to register considerable growth owing to large scale geothermal production in Philippines, Japan and Indonesia. Growing electricity demand in China and India coupled with increasing government intervention to produce electricity through renewable resources is expected to further augment the market growth in the region. Feed-in-tariffs in Japan are expected to drive geothermal production in the region through small scale projects which in turn is expected to complement the Asia Pacific market growth. The market in Africa is expected to be driven by growing geothermal power generation in Kenya and Ethiopia.
The Geothermal Energy market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Geothermal Energy.
This report presents the worldwide Geothermal Energy market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Berkshire Hathaway Energy
Enel Green Power North America
Imperial Irrigation District
Geothermal Energy Breakdown Data by Type
Geothermal Energy Breakdown Data by Application
Geothermal Energy Production by Region
Geothermal Energy Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Geothermal Energy status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Geothermal Energy manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Geothermal Energy :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Geothermal Energy market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.