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Geothermal Power Market

Geothermal Power - Global Market Outlook (2018-2027)

4.1 (96 reviews)
Published: April 2020 ID: SMRC19065
4.1 (96 reviews)
Published: April 2020 ID: SMRC19065

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

According to Stratistics MRC, the Global Geothermal Power market is accounted for $4.60 billion in 2018 and is expected to reach $7.77 billion by 2027 growing at a CAGR of 6.0% during the forecast period. Some of the key factors propelling the market growth are growing necessity for workforce for power generation and energy security. However, solar and wind is the restraining factor for the growth of the market.

Geothermal power is the power generated by geothermal power plants from the heat energy stored under the Earth’s crust. These plants utilize steam produced from hot water reservoirs beneath the Earth’s surface. The steam is primarily required for the rotation of the turbine, which then generates electricity. Geothermal power plants have the capacity factor to generate electricity higher than 90%.

By power station type, binary cycle segment is expected to grow at the significant market share during the forecast period due to the capacity of binary cycle power stations to allow fluid temperatures as low as 57°C as compared to the flash steam ones, which need at least 180°C. On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to mostly situated in the western states. It is approximated that nine western states together have the capacity to supply over 20% of electricity desires in the United States. Rising interest and investments in countries, such as the United States and Mexico is consecutively, leading to a growth in demand for geothermal energy generation plants.

Some of the key players in Geothermal Power Market include Aboitiz Power Corp, Berkshire Hathaway Energy Co, Calpine Corporation, Enel Green Power, Energy Development Corp, Fuji Electric Co. Ltd, General Electric Company, Geothermal Engineering Ltd, and HS Orka hf, Innergex Renewable Energy Inc. Kenya Electricity Generating Co Plc, Ormat Technologies Inc, Toshiba Corporation and US Geothermal Inc. 

Power Station Types Covered:
• Flash Steam
• Dry steam
• Binary Cycle
• Other Power Station Types

End Users Covered:
• Commercial
• Industrial
• Residential

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
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 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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

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 End User 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 Power Market, By Power Station Type    
 5.1 Introduction       
 5.2 Flash Steam       
  5.2.1 Single Flash      
  5.2.2 Double Flash      
  5.2.3 Triple Flash      
 5.3 Dry steam       
 5.4 Binary Cycle       
 5.5 Other Power Station Types      
  5.5.1 Co-Production      
  5.5.2 Enhanced Geothermal System     
  5.5.3 Hybrid Generation      
          
6 Global Geothermal Power Market, By End User 
    
 6.1 Introduction       
 6.2 Commercial       
 6.3 Industrial        
 6.4 Residential        
          
7 Global Geothermal Power Market, By Geography     
 7.1 Introduction       
 7.2 North America       
  7.2.1 US       
  7.2.2 Canada       
  7.2.3 Mexico       
 7.3 Europe        
  7.3.1 Germany       
  7.3.2 UK        
  7.3.3 Italy       
  7.3.4 France       
  7.3.5 Spain       
  7.3.6 Rest of Europe      
 7.4 Asia Pacific       
  7.4.1 Japan       
  7.4.2 China       
  7.4.3 India       
  7.4.4 Australia       
  7.4.5 New Zealand      
  7.4.6 South Korea      
  7.4.7 Rest of Asia Pacific      
 7.5 South America       
  7.5.1 Argentina      
  7.5.2 Brazil       
  7.5.3 Chile       
  7.5.4 Rest of South America     
 7.6 Middle East & Africa      
  7.6.1 Saudi Arabia      
  7.6.2 UAE       
  7.6.3 Qatar       
  7.6.4 South Africa      
  7.6.5 Rest of Middle East & Africa     
          
8 Key Developments   
     
 8.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 8.2 Acquisitions & Mergers      
 8.3 New Product Launch      
 8.4 Expansions       
 8.5 Other Key Strategies      
          
9 Company Profiling        
 9.1 Aboitiz Power Corp       
 9.2 Berkshire Hathaway Energy Co      
 9.3 Calpine Corporation      
 9.4 Enel Green Power       
 9.5 Energy Development Corp      
 9.6 Fuji Electric Co. Ltd       
 9.7 General Electric Company      
 9.8 Geothermal Engineering Ltd      
 9.9 HS Orka hf       
 9.10 Innergex Renewable Energy Inc     
 9.11 Kenya Electricity Generating Co Plc      
 9.12 Ormat Technologies Inc      
 9.13 Toshiba Corporation      
 9.14 US Geothermal Inc      


List of Tables         
1 Global Geothermal Power Market Outlook, By Region (2017-2027) ($MN)  
2 Global Geothermal Power Market Outlook, By Power Station Type (2017-2027) ($MN) 
3 Global Geothermal Power Market Outlook, By Flash Steam (2017-2027) ($MN)  
4 Global Geothermal Power Market Outlook, By Single Flash (2017-2027) ($MN)  
5 Global Geothermal Power Market Outlook, By Double Flash (2017-2027) ($MN)  
6 Global Geothermal Power Market Outlook, By Triple Flash (2017-2027) ($MN)  
7 Global Geothermal Power Market Outlook, By Dry steam (2017-2027) ($MN)  
8 Global Geothermal Power Market Outlook, By Binary Cycle (2017-2027) ($MN)  
9 Global Geothermal Power Market Outlook, By Other Power Station Types (2017-2027) ($MN) 
10 Global Geothermal Power Market Outlook, By Co-Production (2017-2027) ($MN)  
11 Global Geothermal Power Market Outlook, By Enhanced Geothermal System (2017-2027) ($MN)
12 Global Geothermal Power Market Outlook, By Hybrid Generation (2017-2027) ($MN) 
13 Global Geothermal Power Market Outlook, By End User (2017-2027) ($MN)  
14 Global Geothermal Power Market Outlook, By Commercial (2017-2027) ($MN)  
15 Global Geothermal Power Market Outlook, By Industrial  (2017-2027) ($MN)  
16 Global Geothermal Power Market Outlook, By Residential  (2017-2027) ($MN)  
17 North America Geothermal Power Market Outlook, By Country (2017-2027) ($MN)  
18 North America Geothermal Power Market Outlook, By Power Station Type (2017-2027) ($MN) 
19 North America Geothermal Power Market Outlook, By Flash Steam (2017-2027) ($MN) 
20 North America Geothermal Power Market Outlook, By Single Flash (2017-2027) ($MN) 
21 North America Geothermal Power Market Outlook, By Double Flash (2017-2027) ($MN) 
22 North America Geothermal Power Market Outlook, By Triple Flash (2017-2027) ($MN) 
23 North America Geothermal Power Market Outlook, By Dry steam (2017-2027) ($MN) 
24 North America Geothermal Power Market Outlook, By Binary Cycle (2017-2027) ($MN) 
25 North America Geothermal Power Market Outlook, By Other Power Station Types (2017-2027) ($MN)
26 North America Geothermal Power Market Outlook, By Co-Production (2017-2027) ($MN) 
27 North America Geothermal Power Market Outlook, By Enhanced Geothermal System (2017-2027) ($MN)
28 North America Geothermal Power Market Outlook, By Hybrid Generation (2017-2027) ($MN) 
29 North America Geothermal Power Market Outlook, By End User (2017-2027) ($MN)  
30 North America Geothermal Power Market Outlook, By Commercial (2017-2027) ($MN) 
31 North America Geothermal Power Market Outlook, By Industrial  (2017-2027) ($MN) 
32 North America Geothermal Power Market Outlook, By Residential  (2017-2027) ($MN) 
33 Europe Geothermal Power Market Outlook, By Country (2017-2027) ($MN)  
34 Europe Geothermal Power Market Outlook, By Power Station Type (2017-2027) ($MN) 
35 Europe Geothermal Power Market Outlook, By Flash Steam (2017-2027) ($MN)  
36 Europe Geothermal Power Market Outlook, By Single Flash (2017-2027) ($MN)  
37 Europe Geothermal Power Market Outlook, By Double Flash (2017-2027) ($MN)  
38 Europe Geothermal Power Market Outlook, By Triple Flash (2017-2027) ($MN)  
39 Europe Geothermal Power Market Outlook, By Dry steam (2017-2027) ($MN)  
40 Europe Geothermal Power Market Outlook, By Binary Cycle (2017-2027) ($MN)  
41 Europe Geothermal Power Market Outlook, By Other Power Station Types (2017-2027) ($MN) 
42 Europe Geothermal Power Market Outlook, By Co-Production (2017-2027) ($MN)  
43 Europe Geothermal Power Market Outlook, By Enhanced Geothermal System (2017-2027) ($MN)
44 Europe Geothermal Power Market Outlook, By Hybrid Generation (2017-2027) ($MN) 
45 Europe Geothermal Power Market Outlook, By End User (2017-2027) ($MN)  
46 Europe Geothermal Power Market Outlook, By Commercial (2017-2027) ($MN)  
47 Europe Geothermal Power Market Outlook, By Industrial  (2017-2027) ($MN)  
48 Europe Geothermal Power Market Outlook, By Residential  (2017-2027) ($MN)  
49 Asia Pacific Geothermal Power Market Outlook, By Country (2017-2027) ($MN)  
50 Asia Pacific Geothermal Power Market Outlook, By Power Station Type (2017-2027) ($MN) 
51 Asia Pacific Geothermal Power Market Outlook, By Flash Steam (2017-2027) ($MN)  
52 Asia Pacific Geothermal Power Market Outlook, By Single Flash (2017-2027) ($MN)  
53 Asia Pacific Geothermal Power Market Outlook, By Double Flash (2017-2027) ($MN) 
54 Asia Pacific Geothermal Power Market Outlook, By Triple Flash (2017-2027) ($MN)  
55 Asia Pacific Geothermal Power Market Outlook, By Dry steam (2017-2027) ($MN)  
56 Asia Pacific Geothermal Power Market Outlook, By Binary Cycle (2017-2027) ($MN)  
57 Asia Pacific Geothermal Power Market Outlook, By Other Power Station Types (2017-2027) ($MN)
58 Asia Pacific Geothermal Power Market Outlook, By Co-Production (2017-2027) ($MN) 
59 Asia Pacific Geothermal Power Market Outlook, By Enhanced Geothermal System (2017-2027) ($MN)
60 Asia Pacific Geothermal Power Market Outlook, By Hybrid Generation (2017-2027) ($MN) 
61 Asia Pacific Geothermal Power Market Outlook, By End User (2017-2027) ($MN)  
62 Asia Pacific Geothermal Power Market Outlook, By Commercial (2017-2027) ($MN)  
63 Asia Pacific Geothermal Power Market Outlook, By Industrial  (2017-2027) ($MN)  
64 Asia Pacific Geothermal Power Market Outlook, By Residential  (2017-2027) ($MN)  
65 South America Geothermal Power Market Outlook, By Country (2017-2027) ($MN)  
66 South America Geothermal Power Market Outlook, By Power Station Type (2017-2027) ($MN) 
67 South America Geothermal Power Market Outlook, By Flash Steam (2017-2027) ($MN) 
68 South America Geothermal Power Market Outlook, By Single Flash (2017-2027) ($MN) 
69 South America Geothermal Power Market Outlook, By Double Flash (2017-2027) ($MN) 
70 South America Geothermal Power Market Outlook, By Triple Flash (2017-2027) ($MN) 
71 South America Geothermal Power Market Outlook, By Dry steam (2017-2027) ($MN) 
72 South America Geothermal Power Market Outlook, By Binary Cycle (2017-2027) ($MN) 
73 South America Geothermal Power Market Outlook, By Other Power Station Types (2017-2027) ($MN)
74 South America Geothermal Power Market Outlook, By Co-Production (2017-2027) ($MN) 
75 South America Geothermal Power Market Outlook, By Enhanced Geothermal System (2017-2027) ($MN)
76 South America Geothermal Power Market Outlook, By Hybrid Generation (2017-2027) ($MN) 
77 South America Geothermal Power Market Outlook, By End User (2017-2027) ($MN)   
78 South America Geothermal Power Market Outlook, By Commercial (2017-2027) ($MN) 
79 South America Geothermal Power Market Outlook, By Industrial  (2017-2027) ($MN) 
80 South America Geothermal Power Market Outlook, By Residential  (2017-2027) ($MN)  
81 Middle East & Africa Geothermal Power Market Outlook, By Country (2017-2027) ($MN) 
82 Middle East & Africa Geothermal Power Market Outlook, By Power Station Type (2017-2027) ($MN)
83 Middle East & Africa Geothermal Power Market Outlook, By Flash Steam (2017-2027) ($MN) 
84 Middle East & Africa Geothermal Power Market Outlook, By Single Flash (2017-2027) ($MN) 
85 Middle East & Africa Geothermal Power Market Outlook, By Double Flash (2017-2027) ($MN) 
86 Middle East & Africa Geothermal Power Market Outlook, By Triple Flash (2017-2027) ($MN) 
87 Middle East & Africa Geothermal Power Market Outlook, By Dry steam (2017-2027) ($MN) 
88 Middle East & Africa Geothermal Power Market Outlook, By Binary Cycle (2017-2027) ($MN) 
89 Middle East & Africa Geothermal Power Market Outlook, By Other Power Station Types (2017-2027) ($MN)
90 Middle East & Africa Geothermal Power Market Outlook, By Co-Production (2017-2027) ($MN)
91 Middle East & Africa Geothermal Power Market Outlook, By Enhanced Geothermal System (2017-2027) ($MN)
92 Middle East & Africa Geothermal Power Market Outlook, By Hybrid Generation (2017-2027) ($MN)
93 Middle East & Africa Geothermal Power Market Outlook, By End User (2017-2027) ($MN) 
94 Middle East & Africa Geothermal Power Market Outlook, By Commercial (2017-2027) ($MN) 
95 Middle East & Africa Geothermal Power Market Outlook, By Industrial  (2017-2027) ($MN) 
96 Middle East & Africa Geothermal Power Market Outlook, By Residential  (2017-2027) ($MN) 

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