Geothermal Power Generation Market Industry size and Forecast 2021
Geothermal power is electricity generated by geothermal energy of earth. Geothermal power is considered to be a sustainable, renewable source of energy. Geothermal power plants are similar to traditional power-generating stations. The components used in geothermal power generation include turbines, generators, transformers, and other standard power generating equipment.
The geothermal power generation market is mainly driven by the advantages like lower emission of green house gases and favorable policies. Growing demand for electricity is another important driving factor for geothermal power market. However, some issues like limited availability of resources is expected to hamper growth of geothermal power generation industry.
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The global geothermal power generation market is segmented on the basis of technology and region. Based on different technology, market is segmented as dry steam, flash steam and binary cycle.
The report provides a comprehensive view on the geothermal power generation market we have included a detailed company market share analysis, product portfolio of the major industry participants. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the geothermal power generation market has also been included. The study encompasses a market attractiveness analysis, wherein technology segments are benchmarked based on their market size, growth rate and general attractiveness.
Technology segments have been analyzed based on historic, present, and future trends and the market has been estimated from 2015 to 2020 in terms of volume (installed capacity) and revenue (investments in the sector for adding capacity).
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Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This report also provides further bifurcation of region on the country level. Major countries analyzed in this reports are U.S., Germany, France, UK, China, Japan, India, and Brazil. Country segments in geothermal power generation have been analyzed and estimated in terms of installed capacity (MW) and actual power generation (Million kWh). Geothermal power generation market was dominated by Asia Pacific in 2014 and is expected have consistent growth in coming years.
Some of the key players for global geothermal power generation market includes Enel Green Power, Ormat Technologies Inc., Energy Development Corporation, Mitsubishi Heavy Industries Ltd., Sumitomo Corporation, Mannvit, Contact Energy, Contact Energy, Us Geothermal Inc., Us Geothermal Inc.
This report segments the global geothermal power generation market as follows:
Global Geothermal Power Generation Market: Technology Segment Analysis
- Dry steam
- Flash steam
- Binary cycle
Global Geothermal Power Generation Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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