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According to the latest research, the global Geothermal Power Generation market size was valued at USD 11642.87 million in 2022 and is expected to expand at a CAGR of 7.05% during the forecast period, reaching USD 17526.48 million by 2028.
In geothermal power generation, magma reservoirs heat groundwater into high-temperature and high-pressure steam, which is used to drive turbines to generate electricity. Geothermal power generation generates electricity by effectively using geothermal energy stored relatively close to the surface of the earth. As a renewable clean energy, it does not emit any environmental pollutants, such as carbon dioxide, which has attracted people's attention.
Region Overview:
Geographically, Asia Pacific held the largest market share – 43.8% in 2022.
Company Overview:
Energy Development is one of the major players operating in the Geothermal Power Generation market, holding a share of 5.66% in 2023.
Energy Development
Energy Development Corporation (EDC) is the Philippines' largest geothermal energy producer and the world's second largest geothermal energy producer. It is involved in geothermal, hydroelectric power and wind energy projects.
Comisión Federal de Electricidad
Comisión Federal de Electricidad is Mexico's state-owned power company. It is not only the country's main power company, but also the second largest and most powerful state-owned company after Pemex. The Mexican Constitution stipulates that the government should be responsible for the control and development of the national power industry, and CFE should fulfill this mission.
Segmentation Overview:
As for product types, the Single Flash segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Flash steam power stations, with a market share of 62.18% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Geothermal Power Generation industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Geothermal Power Generation. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Geothermal Power Generation Market Report Include:
Market Size Estimates: Geothermal Power Generation market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Geothermal Power Generation market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Geothermal Power Generation market
Segment Market Analysis: Geothermal Power Generation market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Geothermal Power Generation market situations and prospects in major and top regions and countries
Geothermal Power Generation Market
Geothermal Power Generation Industry Chain: Geothermal Power Generation market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Geothermal Power Generation Industry News, Policies by regions
Geothermal Power Generation Industry Porters Five Forces Analysis
Key players in the global Geothermal Power Generation market are covered in Chapter 2:
Star Energy Ltd
Enel Green Power
Northern California Power Agency
Calpine
Terra-Gen,LLC
Comision Federal de Electricidad
Pertamina Geothermal Energy
Contact Energy
ORMAT
Orkuveita Reykjavikur
CalEnergy Generation
Chevron
Energy Development
KenGen
In Chapter 6 and Chapter 9, on the basis of types, the Geothermal Power Generation market from 2018 to 2028 is primarily split into:
Back Pressure
Binary
Double Flash
Dry Steam
Single Flash
In Chapter 7 and Chapter 10, on the basis of applications, the Geothermal Power Generation market from 2018 to 2028 covers:
Dry steam power stations
Flash steam power stations
Binary cycle
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Geothermal Power Generation market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Geothermal Power Generation industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Geothermal Power Generation market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Geothermal Power Generation industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Geothermal Power Generation market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Geothermal Power Generation market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Geothermal Power Generation market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
In geothermal power generation, magma reservoirs heat groundwater into high-temperature and high-pressure steam, which is used to drive turbines to generate electricity. Geothermal power generation generates electricity by effectively using geothermal energy stored relatively close to the surface of the earth. As a renewable clean energy, it does not emit any environmental pollutants, such as carbon dioxide, which has attracted people's attention.
Region Overview:
Geographically, Asia Pacific held the largest market share – 43.8% in 2022.
Company Overview:
Energy Development is one of the major players operating in the Geothermal Power Generation market, holding a share of 5.66% in 2023.
Energy Development
Energy Development Corporation (EDC) is the Philippines' largest geothermal energy producer and the world's second largest geothermal energy producer. It is involved in geothermal, hydroelectric power and wind energy projects.
Comisión Federal de Electricidad
Comisión Federal de Electricidad is Mexico's state-owned power company. It is not only the country's main power company, but also the second largest and most powerful state-owned company after Pemex. The Mexican Constitution stipulates that the government should be responsible for the control and development of the national power industry, and CFE should fulfill this mission.
Segmentation Overview:
As for product types, the Single Flash segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Flash steam power stations, with a market share of 62.18% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Geothermal Power Generation industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Geothermal Power Generation. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Geothermal Power Generation Market Report Include:
Market Size Estimates: Geothermal Power Generation market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Geothermal Power Generation market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Geothermal Power Generation market
Segment Market Analysis: Geothermal Power Generation market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Geothermal Power Generation market situations and prospects in major and top regions and countries
Geothermal Power Generation Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Geothermal Power Generation Industry Chain: Geothermal Power Generation market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Geothermal Power Generation Industry News, Policies by regions
Geothermal Power Generation Industry Porters Five Forces Analysis
Key players in the global Geothermal Power Generation market are covered in Chapter 2:
Star Energy Ltd
Enel Green Power
Northern California Power Agency
Calpine
Terra-Gen,LLC
Comision Federal de Electricidad
Pertamina Geothermal Energy
Contact Energy
ORMAT
Orkuveita Reykjavikur
CalEnergy Generation
Chevron
Energy Development
KenGen
In Chapter 6 and Chapter 9, on the basis of types, the Geothermal Power Generation market from 2018 to 2028 is primarily split into:
Back Pressure
Binary
Double Flash
Dry Steam
Single Flash
In Chapter 7 and Chapter 10, on the basis of applications, the Geothermal Power Generation market from 2018 to 2028 covers:
Dry steam power stations
Flash steam power stations
Binary cycle
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Geothermal Power Generation market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Geothermal Power Generation industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Geothermal Power Generation market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Geothermal Power Generation industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Geothermal Power Generation market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Geothermal Power Generation market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Geothermal Power Generation market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
