Geothermal Energy Market Size By Technology (Binary, Single Flash, Double Flash, Triple Flash, Dry, Back Pressure), Industry Analysis Report & Forecast 2023- 2032

Description

List of Tables

Global Geothermal Energy Market is expected to expand positively through 2032 owing to the strict government regulations concerning the increasing carbon emissions and its impact on climate change. These restrictions will further drive power stations to move towards greener energy alternatives including geothermal energy.

The implementation of geothermal energy has increased as a result of the adoption of clean energy projects and targets for the incorporation of sustainable sources across all nations. Moreover, increasing investments in exploration and drilling across regions with geothermal energy will impel the market growth globally.

Leading energy companies are looking to expand their power stations in lucrative and emerging nations. For instance, in February 2021, Turboden was commissioned to build a 29 MWe geothermal energy facility for Energy Development Corporation. The plant will be constructed in the Bacon-Manito geothermal site on Luzon Island, Philippines. The latest move enabled the company to improve its standing within the industry and its geothermal power business division.

The geothermal energy market has been divided in terms of technology and country.

Based on technology, the dry segment is slated to grow between 2023 and 2032. The dry steam system was the first form of geothermal plant to be implemented globally. The plant's associated capital costs are reduced because it directly drives the turbine with high-pressure steam from the source. More so, the dry steam system boasts of high maintenance requirement that raises overall project costs and has an impact on technology implementation. Nonetheless, advantageous policies and incentives to encourage the use of geothermal energy are set to boost the technology's uptake in nations with substantial geothermal potential.

In terms of country, the Mexico geothermal energy market is speculated to grow at 7% CAGR from 2023 to 2032. The growing drilling and exploration activity around geothermal sources is likely to contribute to a significant increase in the Mexico geothermal energy industry size in the upcoming years. For instance, the Secretary of Energy (Sener) of Mexico stated in February 2023 that 22 exploration permits had been granted nationwide, to boost geothermal electricity output in the ensuing years.

The implementation of renewable energy sources such as wind, geothermal, and others will also be prompted by growing concerns about the high emissions from traditional power plants, which is expected to foster regional growth.

Product Code: 1244

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Data mining sources
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Executive Summary

2.1 Geothermal energy industry 360 degree synopsis, 2019-2032
- 2.1.1 Business trends
- 2.1.2 Technology trends
- 2.1.3 Country trends

Chapter 3 Geothermal Energy Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor Matrix
3.2 Regulatory landscape
- 3.2.1 North America
  - 3.2.1.1 U.S.
    - 3.2.1.1.1 Energy Act of 2020
    - 3.2.1.1.2 Enhanced Geothermal Shot
  - 3.2.1.2 El Salvador
- 3.2.2 Europe
  - 3.2.2.1 Germany
  - 3.2.2.2 Turkey
- 3.2.3 Asia Pacific
  - 3.2.3.1 China
  - 3.2.3.2 Indonesia
- 3.2.4 Africa
  - 3.2.4.1 Ethiopia
3.3 COVID-19 impact on the industry outlook
- 3.3.1 Overall view
3.4 Price trend analysis
- 3.4.1 Price trend, by technology
3.5 Key operational and upcoming projects
3.6 Industry impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Strict government regulations toward greenhouse gas emissions
  - 3.6.1.2 Increasing focus on clean energy deployment
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 High initial investments
3.7 Growth potential analysis
3.8 Porter's Analysis
- 3.8.1 Bargaining power of suppliers
- 3.8.2 Bargaining power of buyers
- 3.8.3 Threat of new entrants
- 3.8.4 Threat of substitutes
3.9 PESTEL Analysis
3.10 COVID-19 impact on the industry outlook
- 3.10.1 Overall view

Chapter 4 Competitive Benchmarking

4.1 Company market share, 2021
4.2 Innovation & sustainability landscape
4.3 Competitive landscape, 2022
- 4.3.1 Strategic dashboard
  - 4.3.1.1 Ormat Technologies
    - 4.3.1.1.1 Capacity Expansion
    - 4.3.1.1.2 Agreements
    - 4.3.1.1.3 Announcements
    - 4.3.1.1.4 Acquisitions
  - 4.3.1.2 Mitsubishi Power
    - 4.3.1.2.1 Order
    - 4.3.1.2.2 Project completion
    - 4.3.1.2.3 Contract
  - 4.3.1.3 Turboden S.p.A
    - 4.3.1.3.1 Supply
    - 4.3.1.3.2 Orders
    - 4.3.1.3.3 Agreements
    - 4.3.1.3.4 Project commissioning
  - 4.3.1.4 Enel Green Power S.p.A.
    - 4.3.1.4.1 Strategic Partnership
  - 4.3.1.5 Exergy International Srl
    - 4.3.1.5.1 Strategic Partnership
    - 4.3.1.5.2 Project commissioning
    - 4.3.1.5.3 Contract
  - 4.3.1.6 Reykjavik Geothermal
    - 4.3.1.6.1 New exploration
    - 4.3.1.6.2 Contract
  - 4.3.1.7 Halliburton
    - 4.3.1.7.1 Service Agreement
  - 4.3.1.8 Toshiba Corporation
    - 4.3.1.8.1 Contract
  - 4.3.1.9 Fuji Electric Co.
    - 4.3.1.9.1 Contract
  - 4.3.1.10 Other key strategies

Chapter 5 Geothermal Energy Market, By Technology

5.1 Key technology trends
5.2 Binary
- 5.2.1 Global market from binary, 2019 - 2032
- 5.2.2 Global market from binary, by country, 2019 - 2032
5.3 Single flash
- 5.3.1 Global market from single flash, 2019 - 2032
- 5.3.2 Global market from single flash, by country, 2019 - 2032
5.4 Double flash
- 5.4.1 Global market from double flash, 2019 - 2032
- 5.4.2 Global market from double flash, by country, 2019 - 2032
5.5 Triple flash
- 5.5.1 Global market from triple flash, 2019 - 2032
- 5.5.2 Global market from triple flash, by country, 2019 - 2032
5.6 Dry
- 5.6.1 Global market from dry, 2019 - 2032
- 5.6.2 Global market from dry, by country, 2019 - 2032
5.7 Back pressure
- 5.7.1 Global market from back pressure, 2019 - 2032
- 5.7.2 Global market from back pressure, by country, 2019 - 2032

Chapter 6 Geothermal Energy Market, By Country

6.1 Key country trends
6.2 U.S.
- 6.2.1 U.S. market size, 2019 - 2032
- 6.2.2 U.S. market by technology, 2019 - 2032
6.3 Mexico
- 6.3.1 Mexico market size, 2019 - 2032
- 6.3.2 Mexico market by technology, 2019 - 2032
6.4 Turkey
- 6.4.1 Turkey market size, 2019 - 2032
- 6.4.2 Turkey market by technology, 2019 - 2032
6.5 Iceland
- 6.5.1 Iceland market size, 2019 - 2032
- 6.5.2 Iceland market by technology, 2019 - 2032
6.6 Italy
- 6.6.1 Italy market size, 2019 - 2032
- 6.6.2 Italy market by technology, 2019 - 2032
6.7 Germany
- 6.7.1 Germany market size, 2019 - 2032
- 6.7.2 Germany market by technology, 2019 - 2032
6.8 China
- 6.8.1 China market size, 2019 - 2032
- 6.8.2 China market by technology, 2019 - 2032
6.9 Philippines
- 6.9.1 Philippines market size, 2019 - 2032
- 6.9.2 Philippines market by technology, 2019 - 2032
6.10 Indonesia
- 6.10.1 Indonesia market size, 2019 - 2032
- 6.10.2 Indonesia market by technology, 2019 - 2032
6.11 New Zealand
- 6.11.1 New Zealand market size, 2019 - 2032
- 6.11.2 New Zealand market by technology, 2019 - 2032
6.12 Japan
- 6.12.1 Japan market size, 2019 - 2032
- 6.12.2 Japan market by technology, 2019 - 2032
6.13 Kenya
- 6.13.1 Kenya market size, 2019 - 2032
- 6.13.2 Kenya market by technology, 2019 - 2032
6.14 Ethiopia
- 6.14.1 Ethiopia market size, 2019 - 2032
- 6.14.2 Ethiopia market by technology, 2019 - 2032
6.15 Costa Rica
- 6.15.1 Costa Rica market size, 2019 - 2032
- 6.15.2 Costa Rica market by technology, 2019 - 2032
6.16 El Salvador
- 6.16.1 El Salvador market size, 2019 - 2032
- 6.16.2 El Salvador market by technology, 2019 - 2032
6.17 Nicaragua
- 6.17.1 Nicaragua market size, 2019 - 2032
- 6.17.2 Nicaragua market by technology, 2019 - 2032
6.18 Guatemala
- 6.18.1 Guatemala market size, 2019 - 2032
- 6.18.2 Guatemala market by technology, 2019 - 2032
6.19 Rest of the world
- 6.19.1 Rest of the world market size, 2019 - 2032
- 6.19.2 Rest of the world market by technology, 2019 - 2032

Chapter 7 Company Profiles

7.1 Ormat Technologies, Inc.
- 7.1.1 Business Overview
- 7.1.2 Financial Data
- 7.1.3 Product Landscape
- 7.1.4 Strategic Outlook
- 7.1.5 SWOT Analysis
7.2 MITSUBISHI HEAVY INDUSTRIES, LTD.
- 7.2.1 Business Overview
- 7.2.2 Financial Data
- 7.2.3 Product Landscape
- 7.2.4 Strategic Outlook
- 7.2.5 SWOT Analysis
7.3 EXERGY INTERNATIONAL SRL
- 7.3.1 Business Overview
- 7.3.2 Financial Data
- 7.3.3 Product Landscape
- 7.3.4 Strategic Outlook
- 7.3.5 SWOT Analysis
7.4 Reykjavik Geothermal
- 7.4.1 Business Overview
- 7.4.2 Financial Data
- 7.4.3 Product Landscape
- 7.4.4 SWOT Analysis
7.5 Turboden S.p.A.
- 7.5.1 Business Overview
- 7.5.2 Financial Data
- 7.5.3 Product Landscape
- 7.5.4 Strategic Outlook
- 7.5.5 SWOT Analysis
7.6 Enel Green Power S.p.A.
- 7.6.1 Business Overview
- 7.6.2 Financial Data
- 7.6.3 Product Landscape
- 7.6.4 Strategic Outlook
- 7.6.5 SWOT Analysis
7.7 Calpine
- 7.7.1 Business Overview
- 7.7.2 Financial Data
- 7.7.3 Product Landscape
- 7.7.4 SWOT Analysis
7.8 HALLIBURTON
- 7.8.1 Business Overview
- 7.8.2 Financial Data
- 7.8.3 Product Landscape
- 7.8.4 Strategic Outlook
- 7.8.5 SWOT Analysis
7.9 General Electric
- 7.9.1 Business Overview
- 7.9.2 Financial Data
- 7.9.3 Product Landscape
- 7.9.4 SWOT Analysis
7.10 Toshiba Corporation
- 7.10.1 Business Overview
- 7.10.2 Financial Data
- 7.10.3 Product Landscape
- 7.10.4 Strategic Outlook
- 7.10.5 SWOT Analysis
7.11 Fuji Electric Co., Ltd.
- 7.11.1 Business Overview
- 7.11.2 Financial Data
- 7.11.3 Product Landscape
- 7.11.4 Strategic Outlook
- 7.11.5 SWOT Analysis
7.12 Ansaldo Energia
- 7.12.1 Business Overview
- 7.12.2 Financial Data
- 7.12.3 Product Landscape
- 7.12.4 SWOT Analysis
7.13 First Gen
- 7.13.1 Business Overview
- 7.13.2 Financial Data
- 7.13.3 Product Landscape
- 7.13.4 Strategic Outlook
- 7.13.5 SWOT Analysis
7.14 Enertime
- 7.14.1 Business Overview
- 7.14.2 Financial Data
- 7.14.3 Product Landscape
- 7.14.4 Strategic Outlook
- 7.14.5 SWOT Analysis