Global Geothermal Power Generation Industry Analysis Report 2023-2030 - Digital Twins Emerge as a Comprehensive Solution for Challenges Facing Geothermal Power Plants

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Dec 18, 2023, 13:15 ET

DUBLIN, Dec. 18, 2023 /PRNewswire/ -- The "Geothermal Power Generation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Geothermal Power Generation Market to Reach $8.8 Billion by 2030 The global market for Geothermal Power Generation estimated at US$5.9 Billion in the year 2022, is projected to reach a revised size of US$8.8 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030. Binary Cycle, one of the segments analyzed in the report, is projected to record 4.3% CAGR and reach US$3.9 Billion by the end of the analysis period. Growth in the Flash Steam segment is estimated at 6.1% CAGR for the next 8-year period.

This report provides a comprehensive overview of the geothermal power industry, highlighting its role in the global transition to clean energy. It explores the advantages of geothermal systems, the technologies used to harness geothermal energy, and the financial aspects of geothermal projects. The report also examines the short-term challenges posed by the COVID-19 pandemic and the long-term growth potential of geothermal energy in developing economies.

A detailed analysis of global geothermal power installed capacity is presented, covering the years 2010 to 2022 and providing insights into capacity additions by top countries. The report also delves into patent activity in the geothermal energy sector, highlighting trends and top patent holders.

Competitive insights include the market share of key geothermal power generation companies in 2023, with a focus on leading companies in the United States. The report assesses the competitive market presence of players worldwide in 2023 and reviews recent market activity.

Moreover, the report includes in-depth competitor profiling featuring industry frontrunners like General Electric Company, Mitsubishi Heavy Industries Ltd., and Chevron Corporation, among others. Incorporated with special coverage on numerous pertinent topics, this report is an essential tool for any business leader in the energy industry.

Detailed market analyses for key geographic markets such as the U.S., Asia-Pacific, Europe and Japan are included, allowing executives to understand and navigate these various markets efficiently.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Geothermal Power Rises to Fame as Global Energy Crisis Expedites Energy Transition
Consistent Rise in Energy Demand and Finite Fossil Fuel Resources Bring to Light the Importance of Geothermal Power
Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
Burgeoning Global Population Propels Demand for Electric Power
World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
Growing Need to Reduce Reliance on Fossil Fuels for Drives Focus onto Renewable Energy Resources, Benefiting Geothermal Energy
Global Energy Mix: 1990 Vs 2020 Vs 2030
Global Renewable Energy Breakdown by Type: 2010 Vs 2030
Global Energy Production: Percentage Breakdown of Electricity Generated by Energy Source (2030 & 2040)
Countries Increasingly Focus on Geothermal Energy for Renewable Power Generation
Strict Government Regulations on Climate Change and Policy Support for Renewables to Boost Market
Domestic Targets for Greenhouse Gas Emissions of Select Regions/ Countries
Targets for Electricity Production from Renewable Energy Sources in Select Countries
Global CO2 Emissions: Percentage Breakdown of Volume Emissions by Fuel Type (2015, 2020, 2040 & 2050)
Geothermal Energy Witnessing Increased Usage in Building Cooling and Heating Systems
Major Technology Trends Poised to Transform Geothermal Energy Space
Innovations to Enable Advanced Geothermal Technologies
Advancements in Geothermal Systems Boost Market Growth
Technological and Process Improvements Essential for More Effective Geothermal Energy Generation
Research Efforts Focus on Exploration of Hidden Geothermal Systems
Technology to Make Geothermal Power as Readily Available as Solar Energy
Enhance Geothermal System (EGS): A Promising Technology
Advances in Drilling Allowing Access to Hotter, Deeper Geothermal Resources
A Review of Select Technologies Primed to Boost Geothermal Power
Innovation in Geothermal Power Generation Led by Industry Players, Academia, Startups and Research Institutions
Emerging Applications to Fuel Future Prospects
Startups Focus on Geothermal Energy Market
Digital Twins Emerge as a Comprehensive Solution for Challenges Facing Geothermal Power Plants
Geothermal Energy Witnessing Increased Integration with Other Renewable Energy Sources
Solar and Wind Energy Present Hurdles to Geothermal Power Generation
Top Countries Worldwide by Solar PV Installed Capacity (in GW) for 2022
Top Countries Worldwide by Cumulative Solar PV Installed Capacity in GW (As of 2022)
Global New Wind Power Capacity Added in GW for 2018-2022
Key Challenges Facing Geothermal Power Generation
Cost: A Key Obstacle to Development of Geothermal Power Projects
Estimated Level Cost of Electricity (LCOE) for New Generation Resources Entering Service in 2025 (in $ Per MWh)
Value-Cost Ratio for New Generation Resources Entering Service in 2025
Impact of Geothermal Stations on the Environment
Production Chemistry Challenges

FOCUS ON SELECT PLAYERS (Total 63 Featured)

Calpine Corporation
Enel Green Power S.p.A.
Energy Development Corporation
Fuji Electric Co. Ltd.
Geothermal Engineering Ltd.
HS Orka hf
Mercury NZ Limited
Mitsubishi Gas Chemical Company Inc.
Northern California Power Agency
Orkuveita Reykjavikur Reykjavik Energy
Ormat Technologies Inc.
PT Pertamina Geothermal Energy Tbk
Siemens AG
Yokogawa Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/r/ta4djs

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