Geothermal Energy Market
PUBLISHED: 2023 ID: SMRC23680
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Geothermal Energy Market

Geothermal Energy Market Forecasts to 2030 - Global Analysis By Plant Type (Binary Cycle Plants, Flash Steam Plants, Dry Steam Plants, Ground Source Heat Pumps, Direct Systems and Other Plant Types), Power Output (Up to 5 MW, Above 5 MW and Other Power Outputs), Temperature, Application and By Geography

4.9 (32 reviews)
4.9 (32 reviews)
Published: 2023 ID: SMRC23680

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $7.68 BN

Projected Year Value (2030)

US $13.08 BN

CAGR (2023 - 2030)

7.9%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Geothermal Energy Market is accounted for $7.68 billion in 2023 and is expected to reach $13.08 billion by 2030 growing at a CAGR of 7.9% during the forecast period. Geothermal power is a reliable and independent power generation system that harnesses the warm energy of the earth's magma. In geothermal power plants, the steam generated by hot water that is located a mile or more below the earth's surface is used to turn turbines that ignite generators, which then generate electricity. Moreover, steam is used in geothermal power plants to turn large turbines that drive electrical generators. A few miles or more below the surface of the earth are hot water reservoirs, from which steam is produced. Geothermal energy has advantages for the environment, such as lowering air pollution and conserving water.

According to the Energy Information Administration (EIA), as of 2020, California has 91% of the country’s steam-powered capacity, and 65% of binary-cycle capacity is found in Nevada.



Market Dynamics:

Driver:

Increasing need for power production

In the geothermal energy market, the rising demand for power generation has become a key driver. Geothermal energy presents itself as a dependable and renewable solution in light of the expanding global demand for electricity as well as worries about environmental sustainability and carbon emissions. However, the requirements for the grid's stability are well aligned with its ability to deliver reliable baseload power regardless of the weather. As a result of this factor, the geothermal energy industry is seeing increased investment, innovation, and growth, putting it in a position to play a significant role in the move towards energy systems that are cleaner and more resilient.

Restraint:

High initial expenditures and exploration costs

Drilling, exploration, and infrastructure development are expensive upfront costs for geothermal projects. Potential investors may be discouraged by the high costs associated with finding suitable geothermal reservoirs, drilling deep wells, and building power plants, especially when compared to other more well-established renewable energy sources. Additionally, the financial difficulties associated with geothermal development are exacerbated by the high upfront costs that frequently require lengthy payback periods.

Opportunity:

Opportunities with low- and medium-temperatures

Low- and medium-temperature geothermal resources' untapped potential offers a sizable market opportunity. These resources, which can be found in different geological settings, can be used directly for industrial processes like heating and cooling while also providing effective and environmentally friendly substitutes for conventional energy sources. Furthermore, by utilizing these geothermal reservoirs, businesses, neighborhoods, and communities can lower energy costs, reduce carbon emissions, and improve energy resilience, all of which help to further the general objective of achieving a cleaner and more varied energy mix.

Threat:

Alternative renewable energy sources

Although geothermal energy is one of the practical sources for many residential, commercial, and industrial applications, the accessibility and availability are subpar. Regarding distribution, the energy is constrained to particular areas and places. In addition, the high cost of drilling and building a plant makes geothermal energy one of the most expensive sources. Moreover, a one megawatt geothermal plant will cost between $2 million and $7 million. Due to the low cost of production, other renewable energy sources like solar photovoltaics, onshore wind, and offshore wind power still offer lower costs. Accordingly, over the long term, it is anticipated that the market share of geothermal energy will be negatively impacted by other renewable sources.

Covid-19 Impact:

Due to a disruption in the international supply chain and a decrease in investment for forthcoming projects, the COVID-19 outbreak had a significant impact on the global geothermal energy market. Although annual capacity additions match the market, some projects were delayed because of lockdown procedures related to COVID-19. Energy demand fluctuations and economic turbulence also had an impact on financing and slowed geothermal development. However, the pandemic demonstrated geothermal's adaptability as a reliable energy source and stoked interest in local, sustainable energy sources, which could spur further development.

The Commercial Heating and Cooling segment is expected to be the largest during the forecast period

The largest market share belongs to the commercial sector in the geothermal market during the forecast period. The main driver of the demand for geothermal energy in the commercial sector is the growing use of heat pumps for air conditioning and cooling down inside the environment when necessary. This is done in office buildings, hotels, schools, and hospitals to maintain a controlled climate. Additionally, homes use this kind of energy for heating and cooling needs.

The ground source heat pump segment is expected to have the highest CAGR during the forecast period

The ground source heat pump segment is anticipated to have the highest CAGR during the forecast period. The promotion of sustainable building techniques as well as growing awareness of energy-efficient heating and cooling options can be credited for this expansion. Moreover, Ground-source heat pumps are a common option for residential, commercial, and industrial applications because they use geothermal heat from the earth for heating and cooling. Their capacity to deliver dependable and environmentally friendly thermal comfort is fueling significant demand and establishing them as a key growth driver within the geothermal energy market.

Region with largest share:

During the projected period, North America is expected to hold the largest market share for geothermal energy. Favourable government regulations, rising environmental awareness, and the development of geothermal technologies are the main causes of this dominance. Due to their commitment to renewable energy goals, nations like the United States and Canada have made sizable investments in geothermal projects. Moreover, North America is now a major player in the global geothermal energy market thanks to the region's well-established infrastructure, geothermal potential, and forward-thinking attitude toward the adoption of clean energy.

Region with highest CAGR:

During the forecast period, the Asia-Pacific region is expected to have the highest CAGR. The region's abundant geothermal resources, rising energy demand, and proactive government efforts to reduce carbon emissions account for the growth. Strategic investments in geothermal projects have been made by important players like Indonesia, the Philippines, and Japan in line with their commitment to bolstering renewable energy capacities. The Asia-Pacific region emerges as a formidable contender for driving accelerated growth within the global geothermal energy market by leveraging its thriving economy and unwavering pursuit of sustainable energy.



Key players in the market

Some of the key players in Geothermal Energy market include Tata Power Company Limited, Fuji Electric Co. Ltd, Yokogawa Electric Corporation, Terra-Gen Power LLC, Ormat Technologies Inc., Berkshire Hathaway Inc., Korea Electric Power Corporation , Doosan Škoda Power, Siemens AG, Toshiba International Corporation, First Gen Corporation, Aboitiz Power Corporation, ABB Limited, Tetra Tech Inc., Chevron Corp. , Therma Source LLC, Mitsubishi Power, Ltd., Energy Development Corporation , Calpine Corporation , Kenya Electricity Generating Company PLC and U.S. Geothermal Inc.

Key Developments:

In August 2023, Tata Power announced that its subsidiary Tata Power Renewable Energy Ltd. entered into power purchase agreements with Maharashtra State Electricity Distribution Company Ltd.. The subsidiary of Tata Power has signed two PPAs with MSEDCL for the commissioning of two solar projects of 200 MW and 150 MW capacities, respectively, Tata Power said in a filing to stock exchanges.

In June 2023, Ormat Technologies, Inc. a leading geothermal, energy storage, photovoltaic (PV), solar and recovered energy power company, today announced the signing of agreements with Eastland Generation Limited (EGL) to build a 50MW power plant in New Zealand.

In May 2023, Fuji Electric Corp is excited to announce the launch of the NEW MONITOUCH V10 HMI Series. The V10 joins the MONITOUCH V9, TechnoShot, and X1 series of HMI products available from Fuji Electric Corp.

Plant Types Covered:
• Binary Cycle Plants
• Flash Steam Plants
• Dry Steam Plants
• Ground Source Heat Pumps
• Direct Systems
• Other Plant Types

Power Outputs Covered:
• Up to 5 MW
• Above 5 MW
• Other Power Outputs

Temperatures Covered:
• Low Temperature (Up to 900C)
• Medium Temperature (900C - 1500C)
• High Temperature (Above 1500C)
• Other Temperatures

Applications Covered:
• Power Generation
• Residential Heating and Cooling
• Commercial Heating and Cooling
• Industrial
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Geothermal Energy Market, By Plant Type
5.1 Introduction
5.2 Binary Cycle Plants
5.3 Flash Steam Plants
5.4 Dry Steam Plants
5.5 Ground Source Heat Pumps
5.6 Direct Systems
5.7 Other Plant Types

6 Global Geothermal Energy Market, By Power Output
6.1 Introduction
6.2 Up to 5 MW
6.3 Above 5 MW
6.4 Other Power Outputs

7 Global Geothermal Energy Market, By Temperature
7.1 Introduction
7.2 Low Temperature (Up to 900C)
7.3 Medium Temperature (900C - 1500C)
7.4 High Temperature (Above 1500C)
7.5 Other Temperatures

8 Global Geothermal Energy Market, By Application
8.1 Introduction
8.2 Power Generation
8.3 Residential Heating and Cooling
8.4 Commercial Heating and Cooling
8.5 Industrial
8.6 Other Applications

9 Global Geothermal Energy Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Tata Power Company Limited
11.2 Fuji Electric Co. Ltd
11.3 Yokogawa Electric Corporation
11.4 Terra-Gen Power LLC
11.5 Ormat Technologies Inc.
11.6 Berkshire Hathaway Inc.
11.7 Korea Electric Power Corporation
11.8 Doosan Škoda Power
11.9 Siemens AG
11.10 Toshiba International Corporation
11.11 First Gen Corporation
11.12 Aboitiz Power Corporation
11.13 ABB Limited
11.14 Tetra Tech Inc.
11.15 Chevron Corp.
11.16 Therma Source LLC
11.17 Mitsubishi Power, Ltd.
11.18 Energy Development Corporation
11.19 Calpine Corporation
11.20 Kenya Electricity Generating Company PLC
11.21 U.S. Geothermal Inc.

List of Tables
1 Global Geothermal Energy Market Outlook, By Region (2021-2030) ($MN)
2 Global Geothermal Energy Market Outlook, By Plant Type (2021-2030) ($MN)
3 Global Geothermal Energy Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
4 Global Geothermal Energy Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
5 Global Geothermal Energy Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
6 Global Geothermal Energy Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
7 Global Geothermal Energy Market Outlook, By Direct Systems (2021-2030) ($MN)
8 Global Geothermal Energy Market Outlook, By Other Plant Types (2021-2030) ($MN)
9 Global Geothermal Energy Market Outlook, By Power Output (2021-2030) ($MN)
10 Global Geothermal Energy Market Outlook, By Up to 5 MW (2021-2030) ($MN)
11 Global Geothermal Energy Market Outlook, By Above 5 MW (2021-2030) ($MN)
12 Global Geothermal Energy Market Outlook, By Other Power Outputs (2021-2030) ($MN)
13 Global Geothermal Energy Market Outlook, By Temperature (2021-2030) ($MN)
14 Global Geothermal Energy Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
15 Global Geothermal Energy Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
16 Global Geothermal Energy Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
17 Global Geothermal Energy Market Outlook, By Other Temperatures (2021-2030) ($MN)
18 Global Geothermal Energy Market Outlook, By Application (2021-2030) ($MN)
19 Global Geothermal Energy Market Outlook, By Power Generation (2021-2030) ($MN)
20 Global Geothermal Energy Market Outlook, By Residential Heating and Cooling (2021-2030) ($MN)
21 Global Geothermal Energy Market Outlook, By Commercial Heating and Cooling (2021-2030) ($MN)
22 Global Geothermal Energy Market Outlook, By Industrial (2021-2030) ($MN)
23 Global Geothermal Energy Market Outlook, By Other Applications (2021-2030) ($MN)
24 North America Geothermal Energy Market Outlook, By Country (2021-2030) ($MN)
25 North America Geothermal Energy Market Outlook, By Plant Type (2021-2030) ($MN)
26 North America Geothermal Energy Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
27 North America Geothermal Energy Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
28 North America Geothermal Energy Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
29 North America Geothermal Energy Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
30 North America Geothermal Energy Market Outlook, By Direct Systems (2021-2030) ($MN)
31 North America Geothermal Energy Market Outlook, By Other Plant Types (2021-2030) ($MN)
32 North America Geothermal Energy Market Outlook, By Power Output (2021-2030) ($MN)
33 North America Geothermal Energy Market Outlook, By Up to 5 MW (2021-2030) ($MN)
34 North America Geothermal Energy Market Outlook, By Above 5 MW (2021-2030) ($MN)
35 North America Geothermal Energy Market Outlook, By Other Power Outputs (2021-2030) ($MN)
36 North America Geothermal Energy Market Outlook, By Temperature (2021-2030) ($MN)
37 North America Geothermal Energy Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
38 North America Geothermal Energy Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
39 North America Geothermal Energy Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
40 North America Geothermal Energy Market Outlook, By Other Temperatures (2021-2030) ($MN)
41 North America Geothermal Energy Market Outlook, By Application (2021-2030) ($MN)
42 North America Geothermal Energy Market Outlook, By Power Generation (2021-2030) ($MN)
43 North America Geothermal Energy Market Outlook, By Residential Heating and Cooling (2021-2030) ($MN)
44 North America Geothermal Energy Market Outlook, By Commercial Heating and Cooling (2021-2030) ($MN)
45 North America Geothermal Energy Market Outlook, By Industrial (2021-2030) ($MN)
46 North America Geothermal Energy Market Outlook, By Other Applications (2021-2030) ($MN)
47 Europe Geothermal Energy Market Outlook, By Country (2021-2030) ($MN)
48 Europe Geothermal Energy Market Outlook, By Plant Type (2021-2030) ($MN)
49 Europe Geothermal Energy Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
50 Europe Geothermal Energy Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
51 Europe Geothermal Energy Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
52 Europe Geothermal Energy Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
53 Europe Geothermal Energy Market Outlook, By Direct Systems (2021-2030) ($MN)
54 Europe Geothermal Energy Market Outlook, By Other Plant Types (2021-2030) ($MN)
55 Europe Geothermal Energy Market Outlook, By Power Output (2021-2030) ($MN)
56 Europe Geothermal Energy Market Outlook, By Up to 5 MW (2021-2030) ($MN)
57 Europe Geothermal Energy Market Outlook, By Above 5 MW (2021-2030) ($MN)
58 Europe Geothermal Energy Market Outlook, By Other Power Outputs (2021-2030) ($MN)
59 Europe Geothermal Energy Market Outlook, By Temperature (2021-2030) ($MN)
60 Europe Geothermal Energy Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
61 Europe Geothermal Energy Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
62 Europe Geothermal Energy Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
63 Europe Geothermal Energy Market Outlook, By Other Temperatures (2021-2030) ($MN)
64 Europe Geothermal Energy Market Outlook, By Application (2021-2030) ($MN)
65 Europe Geothermal Energy Market Outlook, By Power Generation (2021-2030) ($MN)
66 Europe Geothermal Energy Market Outlook, By Residential Heating and Cooling (2021-2030) ($MN)
67 Europe Geothermal Energy Market Outlook, By Commercial Heating and Cooling (2021-2030) ($MN)
68 Europe Geothermal Energy Market Outlook, By Industrial (2021-2030) ($MN)
69 Europe Geothermal Energy Market Outlook, By Other Applications (2021-2030) ($MN)
70 Asia Pacific Geothermal Energy Market Outlook, By Country (2021-2030) ($MN)
71 Asia Pacific Geothermal Energy Market Outlook, By Plant Type (2021-2030) ($MN)
72 Asia Pacific Geothermal Energy Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
73 Asia Pacific Geothermal Energy Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
74 Asia Pacific Geothermal Energy Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
75 Asia Pacific Geothermal Energy Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
76 Asia Pacific Geothermal Energy Market Outlook, By Direct Systems (2021-2030) ($MN)
77 Asia Pacific Geothermal Energy Market Outlook, By Other Plant Types (2021-2030) ($MN)
78 Asia Pacific Geothermal Energy Market Outlook, By Power Output (2021-2030) ($MN)
79 Asia Pacific Geothermal Energy Market Outlook, By Up to 5 MW (2021-2030) ($MN)
80 Asia Pacific Geothermal Energy Market Outlook, By Above 5 MW (2021-2030) ($MN)
81 Asia Pacific Geothermal Energy Market Outlook, By Other Power Outputs (2021-2030) ($MN)
82 Asia Pacific Geothermal Energy Market Outlook, By Temperature (2021-2030) ($MN)
83 Asia Pacific Geothermal Energy Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
84 Asia Pacific Geothermal Energy Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
85 Asia Pacific Geothermal Energy Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
86 Asia Pacific Geothermal Energy Market Outlook, By Other Temperatures (2021-2030) ($MN)
87 Asia Pacific Geothermal Energy Market Outlook, By Application (2021-2030) ($MN)
88 Asia Pacific Geothermal Energy Market Outlook, By Power Generation (2021-2030) ($MN)
89 Asia Pacific Geothermal Energy Market Outlook, By Residential Heating and Cooling (2021-2030) ($MN)
90 Asia Pacific Geothermal Energy Market Outlook, By Commercial Heating and Cooling (2021-2030) ($MN)
91 Asia Pacific Geothermal Energy Market Outlook, By Industrial (2021-2030) ($MN)
92 Asia Pacific Geothermal Energy Market Outlook, By Other Applications (2021-2030) ($MN)
93 South America Geothermal Energy Market Outlook, By Country (2021-2030) ($MN)
94 South America Geothermal Energy Market Outlook, By Plant Type (2021-2030) ($MN)
95 South America Geothermal Energy Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
96 South America Geothermal Energy Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
97 South America Geothermal Energy Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
98 South America Geothermal Energy Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
99 South America Geothermal Energy Market Outlook, By Direct Systems (2021-2030) ($MN)
100 South America Geothermal Energy Market Outlook, By Other Plant Types (2021-2030) ($MN)
101 South America Geothermal Energy Market Outlook, By Power Output (2021-2030) ($MN)
102 South America Geothermal Energy Market Outlook, By Up to 5 MW (2021-2030) ($MN)
103 South America Geothermal Energy Market Outlook, By Above 5 MW (2021-2030) ($MN)
104 South America Geothermal Energy Market Outlook, By Other Power Outputs (2021-2030) ($MN)
105 South America Geothermal Energy Market Outlook, By Temperature (2021-2030) ($MN)
106 South America Geothermal Energy Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
107 South America Geothermal Energy Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
108 South America Geothermal Energy Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
109 South America Geothermal Energy Market Outlook, By Other Temperatures (2021-2030) ($MN)
110 South America Geothermal Energy Market Outlook, By Application (2021-2030) ($MN)
111 South America Geothermal Energy Market Outlook, By Power Generation (2021-2030) ($MN)
112 South America Geothermal Energy Market Outlook, By Residential Heating and Cooling (2021-2030) ($MN)
113 South America Geothermal Energy Market Outlook, By Commercial Heating and Cooling (2021-2030) ($MN)
114 South America Geothermal Energy Market Outlook, By Industrial (2021-2030) ($MN)
115 South America Geothermal Energy Market Outlook, By Other Applications (2021-2030) ($MN)
116 Middle East & Africa Geothermal Energy Market Outlook, By Country (2021-2030) ($MN)
117 Middle East & Africa Geothermal Energy Market Outlook, By Plant Type (2021-2030) ($MN)
118 Middle East & Africa Geothermal Energy Market Outlook, By Binary Cycle Plants (2021-2030) ($MN)
119 Middle East & Africa Geothermal Energy Market Outlook, By Flash Steam Plants (2021-2030) ($MN)
120 Middle East & Africa Geothermal Energy Market Outlook, By Dry Steam Plants (2021-2030) ($MN)
121 Middle East & Africa Geothermal Energy Market Outlook, By Ground Source Heat Pumps (2021-2030) ($MN)
122 Middle East & Africa Geothermal Energy Market Outlook, By Direct Systems (2021-2030) ($MN)
123 Middle East & Africa Geothermal Energy Market Outlook, By Other Plant Types (2021-2030) ($MN)
124 Middle East & Africa Geothermal Energy Market Outlook, By Power Output (2021-2030) ($MN)
125 Middle East & Africa Geothermal Energy Market Outlook, By Up to 5 MW (2021-2030) ($MN)
126 Middle East & Africa Geothermal Energy Market Outlook, By Above 5 MW (2021-2030) ($MN)
127 Middle East & Africa Geothermal Energy Market Outlook, By Other Power Outputs (2021-2030) ($MN)
128 Middle East & Africa Geothermal Energy Market Outlook, By Temperature (2021-2030) ($MN)
129 Middle East & Africa Geothermal Energy Market Outlook, By Low Temperature (Up to 900C) (2021-2030) ($MN)
130 Middle East & Africa Geothermal Energy Market Outlook, By Medium Temperature (900C - 1500C) (2021-2030) ($MN)
131 Middle East & Africa Geothermal Energy Market Outlook, By High Temperature (Above 1500C) (2021-2030) ($MN)
132 Middle East & Africa Geothermal Energy Market Outlook, By Other Temperatures (2021-2030) ($MN)
133 Middle East & Africa Geothermal Energy Market Outlook, By Application (2021-2030) ($MN)
134 Middle East & Africa Geothermal Energy Market Outlook, By Power Generation (2021-2030) ($MN)
135 Middle East & Africa Geothermal Energy Market Outlook, By Residential Heating and Cooling (2021-2030) ($MN)
136 Middle East & Africa Geothermal Energy Market Outlook, By Commercial Heating and Cooling (2021-2030) ($MN)
137 Middle East & Africa Geothermal Energy Market Outlook, By Industrial (2021-2030) ($MN)
138 Middle East & Africa Geothermal Energy Market Outlook, By Other Applications (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials