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Geothermal Power Market

The global geothermal power market was valued at $4.6 billion in 2018, and is projected to reach $6.8 billion by 2026, growing at a CAGR of 5.0% from 2019 to 2026. Geothermal power is a stable and independent power generation system, which uses warm vitality of the earth's magma to produce power. Geothermal power plants utilize the steam that is produced from hot water found around a mile or more below the earth's surface to rotate turbines that start a generator, which further produces electricity

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Geothermal Power Market

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Geothermal Power Market by Power Station Type and End Use: Global Opportunity Analysis and Industry Forecast, 2019-2026 • Pages: 116 Tables: 138 Charts: 63

  2. Global Geothermal Power Market Outlook (2019 – 2026) • Top Impacting Factors: • The global geothermal power market was valued at $4.6 billion in 2018, and is projected to reach $6.8 billion by 2026, growing at a CAGR of 5.0% from 2019 to 2026. • The geothermal power market growth is driven by rise in investment in renewable energy projects in the region. • Geothermal power plants utilize steam to produce energy. • The industrial sectors are expected to consume more energy during the forecast period attributed to rise in use of geothermal power plants in the industrial sector. • India is one of the major countries experiencing rapid growth in the Asia-Pacific geothermal power market. • Pages: 116 Tables: 138 Charts: 63

  3. Global Geothermal Power Market Outlook (2019 – 2026) • The global geothermal power market is segmented on the basis of power station type, end use, and region. • As the demand for electricity increases due to growing urbanization, it is expected that the demand for binary cycle power station will increase significantly, which will propel the growth of the market. • Market segmentation on the basis of end use includes residential, commercial, industrial, and others. • The industrial and residential segments collectively accounted for around 69.7% market share in 2018, with the former constituting around 36.2% share. • Pages: 116 Tables: 138 Charts: 63

  4. Global Geothermal Power Market Outlook (2019 – 2026) • Key Findings of The Geothermal Power Market : • In 2018, the Asia-Pacific market accounts for 34.9% share in the geothermal power market. • The binary cycle power stations segment is expected to hold a dominant position in the geothermal power market size during the forecast period. • The dry steam power stations segment is projected to grow at a CAGR of 3.9% by 2026. • The Industrial segment dominated the geothermal power market share in 2018 and is expected to grow with the CAGR of 5.0% during the forecast period. • The qualitative data in the report aims on the geothermal power market trends, dynamics, and developments, while the quantitative data provides information about the market share and market size in terms of revenue and volume. • Pages: 116 Tables: 138 Charts: 63

  5. The key players profiled in the report include: • ABB • EDF • Enel • Spa • General Electric (GE) • The Tata Power Company Limited • Mitsubishi Hitachi Power • Systems Inc. • Toshiba Corporation • Korea Electric Power Corporation • Siemens AG • Yokogawa Electric Corporation. Global Geothermal Power Market Outlook (2019 – 2026) • Pages: 116 Tables: 138 Charts: 63

  6. Global Geothermal Power Market Outlook (2019 – 2026) Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On

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