Global Geothermal Energy Power Equipment Market 2025-2029

List of Tables

Geothermal Energy Power Equipment Market 2025-2029

The geothermal energy power equipment market is forecasted to grow by USD 1392.4 mn during 2024-2029, accelerating at a CAGR of 6.2% during the forecast period. The report on the geothermal energy power equipment 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 focus on capacity additions, government initiatives, and rising demand for electricity.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	6.1%
CAGR	6.2%
Incremental Value	$1392.4 mn

Technavio's geothermal energy power equipment market is segmented as below:

By Type

Turbines
Generators
Heat exchangers
Others

By Application

Electricity generation
District heating
Industrial heating

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the integration of ai and iot as one of the prime reasons driving the geothermal energy power equipment market growth during the next few years. Also, expansion of geothermal energy applications and acceleration of shr geothermal energy will lead to sizable demand in the market.

The report on the geothermal energy power equipment market covers the following areas:

Geothermal Energy Power Equipment Market sizing
Geothermal Energy Power Equipment Market forecast
Geothermal Energy Power Equipment 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 energy power equipment market vendors that include Ansaldo Energia Spa, Baker Hughes Co., ElectraTherm Inc, Enel SPA, ERGIL, EthosEnergy Group Ltd., First Gen Corp, Fuji Electric Co. Ltd., Hitachi Ltd., Holtec International, Mitsubishi Gas Chemical Co. Inc., Ormat Technologies Inc., Schlumberger Ltd., TAS Energy Inc., Toshiba Corp., Turboden SpA, and Zenith Energy Pty Ltd. Also, the geothermal energy power equipment 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: IRTNTR80415

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 Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Geothermal Energy Power Equipment Market 2019 - 2023
- Historic Market Size - Data Table on Global Geothermal Energy Power Equipment Market 2019 - 2023 ($ million)
5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 Impact of AI on the Global Geothermal Energy Power Equipment Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
8.3 Turbines - Market size and forecast 2024-2029
- Chart on Turbines - Market size and forecast 2024-2029 ($ million)
- Data Table on Turbines - Market size and forecast 2024-2029 ($ million)
- Chart on Turbines - Year-over-year growth 2024-2029 (%)
- Data Table on Turbines - Year-over-year growth 2024-2029 (%)
8.4 Generators - Market size and forecast 2024-2029
- Chart on Generators - Market size and forecast 2024-2029 ($ million)
- Data Table on Generators - Market size and forecast 2024-2029 ($ million)
- Chart on Generators - Year-over-year growth 2024-2029 (%)
- Data Table on Generators - Year-over-year growth 2024-2029 (%)
8.5 Heat exchangers - Market size and forecast 2024-2029
- Chart on Heat exchangers - Market size and forecast 2024-2029 ($ million)
- Data Table on Heat exchangers - Market size and forecast 2024-2029 ($ million)
- Chart on Heat exchangers - Year-over-year growth 2024-2029 (%)
- Data Table on Heat exchangers - Year-over-year growth 2024-2029 (%)
8.6 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
8.7 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

9 Market Segmentation by Application

9.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
9.3 Electricity generation - Market size and forecast 2024-2029
- Chart on Electricity generation - Market size and forecast 2024-2029 ($ million)
- Data Table on Electricity generation - Market size and forecast 2024-2029 ($ million)
- Chart on Electricity generation - Year-over-year growth 2024-2029 (%)
- Data Table on Electricity generation - Year-over-year growth 2024-2029 (%)
9.4 District heating - Market size and forecast 2024-2029
- Chart on District heating - Market size and forecast 2024-2029 ($ million)
- Data Table on District heating - Market size and forecast 2024-2029 ($ million)
- Chart on District heating - Year-over-year growth 2024-2029 (%)
- Data Table on District heating - Year-over-year growth 2024-2029 (%)
9.5 Industrial heating - Market size and forecast 2024-2029
- Chart on Industrial heating - Market size and forecast 2024-2029 ($ million)
- Data Table on Industrial heating - Market size and forecast 2024-2029 ($ million)
- Chart on Industrial heating - Year-over-year growth 2024-2029 (%)
- Data Table on Industrial heating - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

10 Customer Landscape

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

11 Geographic Landscape

11.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
11.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
11.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
11.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
11.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
11.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
11.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
11.9 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ million)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ million)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
11.10 Iceland - Market size and forecast 2024-2029
- Chart on Iceland - Market size and forecast 2024-2029 ($ million)
- Data Table on Iceland - Market size and forecast 2024-2029 ($ million)
- Chart on Iceland - Year-over-year growth 2024-2029 (%)
- Data Table on Iceland - Year-over-year growth 2024-2029 (%)
11.11 Philippines - Market size and forecast 2024-2029
- Chart on Philippines - Market size and forecast 2024-2029 ($ million)
- Data Table on Philippines - Market size and forecast 2024-2029 ($ million)
- Chart on Philippines - Year-over-year growth 2024-2029 (%)
- Data Table on Philippines - Year-over-year growth 2024-2029 (%)
11.12 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
11.13 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
11.14 New Zealand - Market size and forecast 2024-2029
- Chart on New Zealand - Market size and forecast 2024-2029 ($ million)
- Data Table on New Zealand - Market size and forecast 2024-2029 ($ million)
- Chart on New Zealand - Year-over-year growth 2024-2029 (%)
- Data Table on New Zealand - Year-over-year growth 2024-2029 (%)
11.15 Chile - Market size and forecast 2024-2029
- Chart on Chile - Market size and forecast 2024-2029 ($ million)
- Data Table on Chile - Market size and forecast 2024-2029 ($ million)
- Chart on Chile - Year-over-year growth 2024-2029 (%)
- Data Table on Chile - Year-over-year growth 2024-2029 (%)
11.16 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
11.17 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
11.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

12 Drivers, Challenges, and Opportunity/Restraints

12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints

13 Competitive Landscape

13.1 Overview
13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
- Overview on factors of disruption
13.4 Industry risks
- Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled
- Companies covered
14.2 Company ranking index
- Company ranking index
14.3 Market positioning of companies
- Matrix on companies position and classification
14.4 Ansaldo Energia Spa
- Ansaldo Energia Spa - Overview
- Ansaldo Energia Spa - Product / Service
- Ansaldo Energia Spa - Key offerings
- SWOT
14.5 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
- SWOT
14.6 Enel SPA
- Enel SPA - Overview
- Enel SPA - Product / Service
- Enel SPA - Key offerings
- SWOT
14.7 ERGIL
- ERGIL - Overview
- ERGIL - Product / Service
- ERGIL - Key offerings
- SWOT
14.8 EthosEnergy Group Ltd.
- EthosEnergy Group Ltd. - Overview
- EthosEnergy Group Ltd. - Product / Service
- EthosEnergy Group Ltd. - Key offerings
- SWOT
14.9 First Gen Corp
- First Gen Corp - Overview
- First Gen Corp - Product / Service
- First Gen Corp - Key offerings
- SWOT
14.10 Fuji Electric Co. Ltd.
- Fuji Electric Co. Ltd. - Overview
- Fuji Electric Co. Ltd. - Business segments
- Fuji Electric Co. Ltd. - Key news
- Fuji Electric Co. Ltd. - Key offerings
- Fuji Electric Co. Ltd. - Segment focus
- SWOT
14.11 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
- SWOT
14.12 Holtec International
- Holtec International - Overview
- Holtec International - Product / Service
- Holtec International - Key offerings
- SWOT
14.13 Mitsubishi Gas Chemical Co. Inc.
- Mitsubishi Gas Chemical Co. Inc. - Overview
- Mitsubishi Gas Chemical Co. Inc. - Business segments
- Mitsubishi Gas Chemical Co. Inc. - Key news
- Mitsubishi Gas Chemical Co. Inc. - Key offerings
- Mitsubishi Gas Chemical Co. Inc. - Segment focus
- SWOT
14.14 Ormat Technologies Inc.
- Ormat Technologies Inc. - Overview
- Ormat Technologies Inc. - Business segments
- Ormat Technologies Inc. - Key offerings
- Ormat Technologies Inc. - Segment focus
- SWOT
14.15 Schlumberger Ltd.
- Schlumberger Ltd. - Overview
- Schlumberger Ltd. - Business segments
- Schlumberger Ltd. - Key news
- Schlumberger Ltd. - Key offerings
- Schlumberger Ltd. - Segment focus
- SWOT
14.16 TAS Energy Inc.
- TAS Energy Inc. - Overview
- TAS Energy Inc. - Product / Service
- TAS Energy Inc. - Key offerings
- SWOT
14.17 Toshiba Corp.
- Toshiba Corp. - Overview
- Toshiba Corp. - Business segments
- Toshiba Corp. - Key news
- Toshiba Corp. - Key offerings
- Toshiba Corp. - Segment focus
- SWOT
14.18 Turboden SpA
- Turboden SpA - Overview
- Turboden SpA - Product / Service
- Turboden SpA - Key offerings
- SWOT

15 Appendix

15.1 Scope of the report
15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
15.3 Currency conversion rates for US$
- Currency conversion rates for US$
15.4 Research methodology
- Research methodology
15.5 Data procurement
- Information sources
15.6 Data validation
- Data validation
15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
15.8 Data synthesis
- Data synthesis
15.9 360 degree market analysis
- 360 degree market analysis
15.10 List of abbreviations
- List of abbreviations