The global geothermal electric power generation market reached a value of nearly $3.8 billion in 2019. North America was the largest region in the geothermal electric power generation market in 2019.
The geothermal electric power generation market consists of sales of geothermal electric power and related services. Geothermal energy is derived using the earth’s internal heat energy to generate steam through a series of wells and is fed to the power plant to generate electricity.
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The global geothermal electric power generation market is expected to grow at a rate of about 5.46% to nearly $4.7 billion by 2023. The geothermal electric power generation market is being financially supported by governments globally. The government provides grants and other support to stimulate sustainable form of energy. Formation of consortiums coupled with financial support by the government agencies promotes the growth of geothermal electric power market.
The environmental consequences caused by drilling the earth’s surface for geothermal electric power generation restricts the growth of geothermal electric power generation market.
The companies in the geothermal electric power generation market are investing in new technologies to make geothermal energy easily accessible in order to generate electricity and for other heating purposes. Companies are investing towards new approaches to make geothermal energy easily extractable and available even in regions that are colder.
Major players in the market are Calpine Corp, Comision Federal de, Energy Development Corp., Electricadad (CFE) Enel SpA, Chevron Corporation, COMISION FEDERAL DE ELECTRICADAD (CFE), ENEL SPA, U.S. Geothermal Inc., KenGen, and Contact Energy.
Chevron Corporation is an American multinational energy corporation. One of the successor companies of Standard Oil, it is headquartered in San Ramon, California, and active in more than 180 countries.
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Few Points From Table of Contents:
1. Executive Summary
2. Geothermal Electric Power Generation Market Characteristics
3. Geothermal Electric Power Generation Market Size And Growth
3.1. Global Geothermal Electric Power Generation Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Geothermal Electric Power Generation Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Geothermal Electric Power Generation Market Segmentation
4.1. Global Geothermal Electric Power Generation Market, Segmentation By Type , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Back Pressure
Binary
Double Flash
Dry Steam
Single Flash
Triple Flash
4.2. Global Geothermal Electric Power Generation Market, Segmentation By End-user , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Dry steam power stations
Flash steam power stations
Binary cycle power station
5. Geothermal Electric Power Generation Market Regional And Country Analysis
5.1. Global Geothermal Electric Power Generation Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Geothermal Electric Power Generation Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific Geothermal Electric Power Generation Market
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