Global Geothermal Drilling Market for Power Generation 2024-2028

List of Tables

Geothermal Drilling For Power Generation Market 2024-2028

The geothermal drilling for power generation market is forecasted to grow by USD 216.4 mn during 2023-2028, accelerating at a CAGR of 4.4% during the forecast period. The report on the geothermal drilling for power generation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for energy worldwide, need for efficient use of resources and reduction of emissions, and volatility in oil prices and increase in electricity prices boost demand for geothermal energy.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.1%
CAGR	4.4%
Incremental Value	$216.4 mn

Technavio's geothermal drilling for power generation market is segmented as below:

By Application

Binary plants
Steam plants

By Area

Below 1000m
1000-2000m

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the decarbonization initiatives as one of the prime reasons driving the geothermal drilling for power generation market growth during the next few years. Also, development of egs technology and application of machine learning (ML) techniques in geothermal exploration will lead to sizable demand in the market.

The report on the geothermal drilling for power generation market covers the following areas:

Geothermal Drilling For Power Generation Market sizing
Geothermal Drilling For Power Generation Market forecast
Geothermal Drilling For Power Generation Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading geothermal drilling for power generation market vendors that include Baker Hughes Co., Deep Rock Manufacturing Co., Drillstar Industries, Fraste Spa, GA Drilling AS, Geotech Drilling Services Ltd., Gill Rock Drill Co. Inc., Halliburton Co., Huisman Equipment BV, Hydro Resources, KCA Deutag Alpha Ltd., KONYA SONDAJ, Laibe Corp., Marton Geotechnical Services Ltd., Ormat Technologies Inc., PT Pertamina Persero, Quaise Energy, Schlumberger Ltd., SIMCO Drilling Equipment Inc., and STDS Jantz GmbH and Co. KG. Also, the geothermal drilling for power generation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR44744

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Area
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Geothermal Drilling Market For Power Generation 2018 - 2022
- Historic Market Size - Data Table on Global Geothermal Drilling Market For Power Generation 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Area segment analysis 2018 - 2022
- Historic Market Size - Area Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
6.3 Binary plants - Market size and forecast 2023-2028
- Chart on Binary plants - Market size and forecast 2023-2028 ($ million)
- Data Table on Binary plants - Market size and forecast 2023-2028 ($ million)
- Chart on Binary plants - Year-over-year growth 2023-2028 (%)
- Data Table on Binary plants - Year-over-year growth 2023-2028 (%)
6.4 Steam plants - Market size and forecast 2023-2028
- Chart on Steam plants - Market size and forecast 2023-2028 ($ million)
- Data Table on Steam plants - Market size and forecast 2023-2028 ($ million)
- Chart on Steam plants - Year-over-year growth 2023-2028 (%)
- Data Table on Steam plants - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Area

7.1 Market segments
- Chart on Area - Market share 2023-2028 (%)
- Data Table on Area - Market share 2023-2028 (%)
7.2 Comparison by Area
- Chart on Comparison by Area
- Data Table on Comparison by Area
7.3 Below 1000m - Market size and forecast 2023-2028
- Chart on Below 1000m - Market size and forecast 2023-2028 ($ million)
- Data Table on Below 1000m - Market size and forecast 2023-2028 ($ million)
- Chart on Below 1000m - Year-over-year growth 2023-2028 (%)
- Data Table on Below 1000m - Year-over-year growth 2023-2028 (%)
- 1000-2000m - Market size and forecast 2023-2028
- Chart on 1000-2000m - Market size and forecast 2023-2028 ($ million)
- Data Table on 1000-2000m - Market size and forecast 2023-2028 ($ million)
- Chart on 1000-2000m - Year-over-year growth 2023-2028 (%)
- Data Table on 1000-2000m - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Area
- Market opportunity by Area ($ million)
- Data Table on Market opportunity by Area ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Indonesia - Market size and forecast 2023-2028
- Chart on Indonesia - Market size and forecast 2023-2028 ($ million)
- Data Table on Indonesia - Market size and forecast 2023-2028 ($ million)
- Chart on Indonesia - Year-over-year growth 2023-2028 (%)
- Data Table on Indonesia - Year-over-year growth 2023-2028 (%)
9.10 The Philippines - Market size and forecast 2023-2028
- Chart on The Philippines - Market size and forecast 2023-2028 ($ million)
- Data Table on The Philippines - Market size and forecast 2023-2028 ($ million)
- Chart on The Philippines - Year-over-year growth 2023-2028 (%)
- Data Table on The Philippines - Year-over-year growth 2023-2028 (%)
9.11 Turkey - Market size and forecast 2023-2028
- Chart on Turkey - Market size and forecast 2023-2028 ($ million)
- Data Table on Turkey - Market size and forecast 2023-2028 ($ million)
- Chart on Turkey - Year-over-year growth 2023-2028 (%)
- Data Table on Turkey - Year-over-year growth 2023-2028 (%)
9.12 New Zealand - Market size and forecast 2023-2028
- Chart on New Zealand - Market size and forecast 2023-2028 ($ million)
- Data Table on New Zealand - Market size and forecast 2023-2028 ($ million)
- Chart on New Zealand - Year-over-year growth 2023-2028 (%)
- Data Table on New Zealand - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Baker Hughes Co.
- Baker Hughes Co. - Overview
- Baker Hughes Co. - Business segments
- Baker Hughes Co. - Key news
- Baker Hughes Co. - Key offerings
- Baker Hughes Co. - Segment focus
12.4 Deep Rock Manufacturing Co.
- Deep Rock Manufacturing Co. - Overview
- Deep Rock Manufacturing Co. - Product / Service
- Deep Rock Manufacturing Co. - Key offerings
12.5 Fraste Spa
- Fraste Spa - Overview
- Fraste Spa - Product / Service
- Fraste Spa - Key offerings
12.6 GA Drilling AS
- GA Drilling AS - Overview
- GA Drilling AS - Product / Service
- GA Drilling AS - Key offerings
12.7 Geotech Drilling Services Ltd.
- Geotech Drilling Services Ltd. - Overview
- Geotech Drilling Services Ltd. - Product / Service
- Geotech Drilling Services Ltd. - Key offerings
12.8 Gill Rock Drill Co. Inc.
- Gill Rock Drill Co. Inc. - Overview
- Gill Rock Drill Co. Inc. - Product / Service
- Gill Rock Drill Co. Inc. - Key offerings
12.9 Halliburton Co.
- Halliburton Co. - Overview
- Halliburton Co. - Business segments
- Halliburton Co. - Key news
- Halliburton Co. - Key offerings
- Halliburton Co. - Segment focus
12.10 Huisman Equipment BV
- Huisman Equipment BV - Overview
- Huisman Equipment BV - Product / Service
- Huisman Equipment BV - Key offerings
12.11 Hydro Resources
- Hydro Resources - Overview
- Hydro Resources - Product / Service
- Hydro Resources - Key offerings
12.12 KCA Deutag Alpha Ltd.
- KCA Deutag Alpha Ltd. - Overview
- KCA Deutag Alpha Ltd. - Product / Service
- KCA Deutag Alpha Ltd. - Key offerings
12.13 KONYA SONDAJ
- KONYA SONDAJ - Overview
- KONYA SONDAJ - Product / Service
- KONYA SONDAJ - Key offerings
12.14 Laibe Corp.
- Laibe Corp. - Overview
- Laibe Corp. - Product / Service
- Laibe Corp. - Key offerings
12.15 Marton Geotechnical Services Ltd.
- Marton Geotechnical Services Ltd. - Overview
- Marton Geotechnical Services Ltd. - Product / Service
- Marton Geotechnical Services Ltd. - Key offerings
12.16 Ormat Technologies Inc.
- Ormat Technologies Inc. - Overview
- Ormat Technologies Inc. - Business segments
- Ormat Technologies Inc. - Key offerings
- Ormat Technologies Inc. - Segment focus
12.17 Schlumberger Ltd.
- Schlumberger Ltd. - Overview
- Schlumberger Ltd. - Business segments
- Schlumberger Ltd. - Key news
- Schlumberger Ltd. - Key offerings
- Schlumberger Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations