Global Geothermal Power Market

Geothermal energy is designed as a sustainable and renewable source of energy to utilize the internal heat from the Earth. The heat is used as a driver of electrical generator. The major driving factor of this industry is to increase the demand of manufacturing renewable electricity.

Major Geothermal Power Market Drivers

This renewable electricity is expected to raise the market growth. Reduction of GHG (Green House Gas) emission while producing heat, reliable and environment friendly baseload power help to exaggerate industry penetration and boost the further demand. The growing factor of this market is that geothermal energy can be exploited from natural geothermal reservoir and does not need any artificial energy resources. Government took some initiatives such as financial benefits and tax rebates for promoting sustainable and renewable energy generation are expected to have a greater impact on the market.

Flash technology is majorly used in geothermal power market. Binary technology and dry stream are another major technology used in this market. Some of the major advantages for growing demand of this industry are low utilization of land, low visual impact, less dependency on weather, low environmental pollution and high degree of availability and capacity. There are abundant opportunities for manufacturing and developing geothermal power plant across the globe by collaborating with several new technologies and cost-effective generation to reduce dependency on petroleum fuels and increase production of geothermal energy.

The demand of renewable electricity is increasing among various emerging markets such as China, Brazil, India and Mexico because of rapid urbanization and industrialisation. The market in Middle East, Africa, and Latin America is at its promising stage. Though Policy barriers, inability to incorporate with new technology and inappropriate infrastructure for transmission has harmed the cost competitiveness.

Top Market Players

Some of the major key players operating in the global geothermal power market are Calpine Corporation, Aboitiz Power, Chevron Corporation, Enel Green Power North America Inc., Gradient Resources, Berkshire Hathaway Energy,

Segments covered in the Report:

The Global Geothermal Power Market has been segmented on the basis of application, wind farm, industry, automation system and key geographies. The research report “Global Geothermal Power Market” provides in-depth analysis of global Geothermal Power Market based on application, wind farm, industry, automation system and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global Geothermal Power Market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Market Segments

• By End User
o Industrial
o Commercial
o Residential
o Utility

• By Application
o Power generation
o District heating & cooling
o Process heating & cooling

• By Technology
o Flash
o Binary
o Dry Stream

• By Material
o Molten salt
o Water
o Phase change material (PCM)
o Others.

• By Storage
o Latent heat storage
o Thermo chemical storage
o Sensible heat storage

• By Industry
o Agriculture
o Power Generation
o Industry Automation

• By Geography
  o Europe
• Germany
• UK
• France

  o North America
• US

  o Latin America
• Brazil

  o Asia-Pacific
• China
• Japan
• India

  o Middle East and Africa

Leading Market Players
• Calpine Corporation,
• Aboitiz Power,
• Chevron Corporation,
• Enel Green Power North America Inc.,
• Gradient Resources,
• Berkshire Hathaway Energy,
• Toshiba International Corp.
• Kenya Electricity Generating Company
• Pertamina Geothermal Energy (PGE)

*Other prominent players in the market which can be profiled as a part of customization:
• Terra-Gen Power LLC, US Geothermal,
• EthosEnergy Group and ThermaSource LLC.
• Comision Federal de Electricadad (CFE),
• Guodian United Power Technology Company Ltd.
• Energy Development Corporation (EDC),
• Mercury