Market Snapshot
CAGR:8.14
Study Period |
2019-2032 |
Base Year |
2023 |
Forcast Year |
2023-2032 |
CAGR |
8.14 |
Report Overview
Report Scope:
This research report categorizes the geothermal electric power generation by segment. This includes flash steam, binary, dry steam, back pressure.
Report Includes:
- 65 tables
- Detailed overview of the global markets for geothermal electric power generation within the industry
- Country specific data and analysis for US, Mexico, Canada, France, Germany, UK, China, Japan, India, Brazil, and Middle East and Africa
- Large scale data on geothermal electric power generation and segmentation of the global market by end use, technology type, application industry and geographical region
- Evaluation of the current trends and market dynamics, especially growth drivers and inhibitors, as well as cohesive government policies and regulatory updates
- A relevant patent analysis within the power industry sector
- Top M&A deals in the nuclear electric power generation regional market including the U.S., Europe and Asia-Pacific
- Company profiles of the major market players, including Enel SpA, PT Pertamina Geothermal Energy, Comision Federal de Electricadad (CFE), Energy Development Corp., and Calpine Corp.
Summary
The geothermal electric power generation market growth outlook is positive with significant growth potential for electricity because of its relatively low price. There is mounting pressure to reduce costs, improve power supply and improve the efficiency of geothermal power generation. At the same time, factors such as rising energy demand, investments in renewable power generation and technological advances are contributing to the growth of the market.
The geothermal electric power generation market reached a value of nearly $REDACTED billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED% to nearly $REDACTED billion by 2023.
The market for geothermal electric power generation is concentrated. Major players in the market are Enel SpA, PT Pertamina Geothermal Energy, Comision Federal de Electricadad (CFE), Energy Development Corp., and Calpine Corp.
The flash steam segment accounted for the largest share of the geothermal electric power generation market in 2018 at $REDACTED billion. The highest growth is projected to come from the binary segment, whichis forecast to grow at a CAGR of REDACTED%. Major factors for this growth include technological advancements in geothermal power generation and increasing pressure to limit carbon emissions.
North America was the largest region in the geothermal electric power generation market, accounting for REDACTED% of the global market. It was followed by Asia-Pacific and Western Europe. Going forward, the Middle East is expected to witness the fastest growth in the geothermal electric power generation market, estimated at grow at a CAGR of REDACTED%, followed by Africa which is expected to grow at a CAGRof REDACTED%.
The USA was the largest country in terms of value in the geothermal electric power generation market. The USA and Germany are forecast to have the fastest growth, growing at a CAGR of REDACTED% and REDACTED%,respectively.
The market is challenged by restraints such as high initial costs, environmental concerns regarding geothermal power generation and increasing trade protectionism.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Country Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Geothermal Electric Power Generation Market Overview
Geothermal Electric Power Generation Market Characteristics
Residential
Commercial
Industrial
Others
Flash Steam
Dry Steam
Binary Cycle
Back Pressure
Value Chain
Above-ground Installation
Below-ground Installation
Distribution Channels for Electricity Generated Geothermally
Note on the Data
Geothermal Electric Power Generation Market Size and Growth
Historic Market Growth
Forecast Market Growth
Global Geothermal Electric Power Generation Market, by Segment
Global Geothermal Electric Power Generation Historic and Forecast Market, by Segment, 2014-2023,
Global Geothermal Electric Power Generation Market, by Type of End User
Geothermal Electric Power Generation Industry Trends and Strategies
Enhanced Geothermal Systems
Geothermal Based Hybrid Electric Power Plants
Drilling Tools for High Temperature Zones
Chapter 4 Geothermal Electric Power Generation Market Customer Information
Consumers Favor Geothermal Energy for Electricity Generation
Chinese Willing to Pay Extra for Green Electricity
US Consumers Want 100% Electricity from Renewable Sources
UK Consumers Prefer Buying Products from Retailers Using Renewable Energy
UK Consumers Support Clean Energy Due to Rising Concerns Regarding Climate Change
Chapter 5 Global Geothermal Electric Power Generation Market Comparison with Macro Economic Factors
Global Per Capita Average Geothermal Electric Power Generation Market Expenditure
Per Capita Average Geothermal Electric Power Generation Market Expenditure, by Country
Global Geothermal Electric Power Generation Market Size, Percentage of GDP
Global Geothermal Electric Power Generation Market Size, Percentage of GDP, by Country
Chapter 6 Geothermal Electric Power Generation Market Regional and Country Analysis
Global Geothermal Electric Power Generation Market, by Region
Global Geothermal Electric Power Generation Historic and Forecast Market, by Region, 2014-2023
Global Geothermal Electric Power Generation Market Segmentation, by Region, 2018
Global Geothermal Electric Power Generation Market, by Country
Global Geothermal Electric Power Generation Historic and Forecast Market, by Country, 2014-2023
Global Geothermal Electric Power Generation Market Segmentation, by Country, 2018
Chapter 7 Asia-Pacific Geothermal Electric Power Generation Market
Asia-Pacific Geothermal Electric Power Generation Market Overview
Region Information
Market Information
Background Information
Investments in the Geothermal Electric Power Generation Market
Regulations
Regulatory Bodies
Major Associations
Tax Levied
Corporate Tax Structure
Major Companies
Asia-Pacific Geothermal Electric Power Generation Market, 2014-2023
Asia-Pacific Geothermal Electric Power Generation Market, by Segment
Asia-Pacific Geothermal Electric Power Generation Market, Historic and Forecast CAGR, by Segment, 2014-2023
Asia-Pacific Geothermal Electric Power Generation Market: Country Analysis
China Geothermal Electric Power Generation Market
Japan Geothermal Electric Power Generation Market
Australia Geothermal Electric Power Generation Market
Chapter 8 Western Europe Geothermal Electric Power Generation Market
Western Europe Geothermal Electric Power Generation Market Overview
Region Information
Market Information
Background Information
Investments in the Geothermal Electric Power Generation Market
Regulations
Regulatory Bodies
Major Associations
Corporate Tax Structure
Major Companies
Western Europe Geothermal Electric Power Generation Market, 2014-2023
Western Europe Market Size, by Segment
Western Europe Geothermal Electric Power Generation Historic and Forecast Market, by Segment, 2014-2023
Western Europe Geothermal Electric Power Generation Market: Country Analysis
Germany Geothermal Electric Power Generation Market
France Geothermal Electric Power Generation Market
Italian Geothermal Electric Power Generation Market
Chapter 9 Eastern Europe Geothermal Electric Power Generation Market
Eastern European Geothermal Electric Power Generation Market Overview
Region Information
Market Information
Background Information
Investments in the Geothermal Electric Power Generation Market
Regulations
Regulatory Bodies
Major Associations
Taxes Levied
Corporate Tax Structure
Major Companies
Eastern Europe Geothermal Electric Power Generation Market, 2014-2023
Eastern Europe Market Size, by Segment
Eastern Europe Geothermal Electric Power Generation Historic and Forecast Market, by Segment, 2014-2023
Eastern Europe Geothermal Electric Power Generation Market: Country Analysis
Russia Geothermal Electric Power Generation Market
Chapter 10 North America Geothermal Electric Power Generation Market
North American Geothermal Electric Power Generation Market Overview
Region Information
Market Information
Background Information
Investments in the Geothermal Electric Power Generation Market
Regulations
Regulatory Bodies
Major Associations
Corporate Tax Structure
Major Companies
North American Geothermal Electric Power Generation Market, 2014-2023
North American Market Size, by Segment
North American Geothermal Electric Power Generation Historic and Forecast Market, by Segment, 2014-2023
North American Geothermal Electric Power Generation Market: Country Analysis
USA Geothermal Electric Power Generation Market
Chapter 11 South America Geothermal Electric Power Generation Market
South American Geothermal Electric Power Generation Market Overview
Region Information
Market Information
Background Information
Investments in the Geothermal Electric Power Generation Market
Regulations
Regulatory Bodies
Major Associations
Corporate Tax Structure
Major Companies
South American Geothermal Electric Power Generation Market, 2014-2023
South American Market Size, by Segment
South American Geothermal Electric Power Generation Historic and Forecast Market, by Segment, 2014-2023
Chapter 12 Middle East Geothermal Electric Power Generation Market
Middle East Geothermal Electric Power Generation Market Overview
Region Information
Market Information
Background Information
Investments in the Geothermal Electric Power Generation Market
Regulations
Regulatory Bodies
Major Associations
Tax Levied
Corporate Tax Structure
Major Companies
Middle East Geothermal Electric Power Generation Market, 2014-2023
Middle East Market Size, by Segment
Middle East Geothermal Electric Power Generation Historic and Forecast Market, by Segment, 2014-2023
Chapter 13 Africa Geothermal Electric Power Generation Market
Africa Geothermal Electric Power Generation Market Overview
Region Information
Market Information
Background Information
Investments/Contracts in the Geothermal Electric Power Generation Market
Regulations
Regulatory Bodies
Major Associations
Corporate Tax Structure
Major Companies
Africa Geothermal Electric Power Generation Market, 2014-2023
Africa Market Size, by Segment
Africa Geothermal Electric Power Generation Historic and Forecast Market, by Segment, 2014-2023,
Chapter 14 Geothermal Electric Power Generation Market Competitive Landscape
Company Profiles
CALPINE CORP.
COMISION FEDERAL DE ELECTRICADAD (CFE)
ENEL SPA
ENERGY DEVELOPMENT CORP.
PT PERTAMINA GEOTHERMAL ENERGY
Chapter 15 Key Mergers and Acquisitions in the Geothermal Electric Power Generation Market
Energy Capital Partners Acquired Calpine Corp.
AC Energy Holdings Acquired Chevron's Geothermal Assets
Innergex Renewable Energy Acquired Alterra Power Corp.
PT Barito Pacific Acquired Majority Stake in Star Energy Group
Ormat Technologies Acquired U.S. Geothermal
Chapter 16 Appendix
NAICS Definitions of Industry Covered in This Report
Research Methodology
Chapter 17 References
List of Tables
Summary Table : Global Geothermal Electric Power Generation Market, Through 2023
Table 1 : Global Geothermal Electric Power Generation Historic Market, Through 2018
Table 2 : Global Geothermal Electric Power Generation Market, Through 2023
Table 3 : Global Geothermal Electric Power Generation Market, by Segment, 2018
Table 4 : Global Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 5 : Global Geothermal Electric Power Generation Market, by Type of End User, 2018
Table 6 : Global Per Capita Average Geothermal Electric Power Generation Market Expenditure, 2014-2023
Table 7 : Per Capita Average Geothermal Electric Power Generation Market Expenditure, by Country, 2018
Table 8 : Global Geothermal Electric Power Generation Market Value, Market Size as A Percentage of Global GDP, 2014-2023
Table 9 : Global Geothermal Electric Power Generation Market Size, Percentage of GDP, by Country
Table 10 : Global Geothermal Electric Power Generation Market, by Region, 2018
Table 11 : Global Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Region, 2014-2023
Table 12 : Global Geothermal Electric Power Generation Market, by Region, 2018
Table 13 : Global Geothermal Electric Power Generation Market, by Country, 2018
Table 14 : Global Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Country, 2014-2023
Table 15 : Global Geothermal Electric Power Generation Market, by Country, 2018
Table 16 : Asia-Pacific Geothermal Electric Power Generation Market, Through 2023
Table 17 : Asia-Pacific Geothermal Electric Power Generation Market, by Segment, 2018
Table 18 : Asia-Pacific Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 19 : Chinese Geothermal Electric Power Generation Market, Through 2023
Table 20 : Chinese Geothermal Electric Power Generation Market, by Segment, 2018
Table 21 : Chinese Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 22 : Japanese Geothermal Electric Power Generation Market, Through 2023
Table 23 : Japanese Geothermal Electric Power Generation Market, by Segment, 2018
Table 24 : Japanese Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 25 : Australia Geothermal Electric Power Generation Market, Through 2023
Table 26 : Australia Geothermal Electric Power Generation Market, by Segment, 2018
Table 27 : Australia Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 28 : Western Europe Geothermal Electric Power Generation Market, Through 2023
Table 29 : Western Europe Geothermal Electric Power Generation Market, by Segment, 2018
Table 30 : Western Europe Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 31 : German Geothermal Electric Power Generation Market, Through 2023
Table 32 : German Geothermal Electric Power Generation Market, by Segment, 2018
Table 33 : German Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 34 : French Geothermal Electric Power Generation Market, Through 2023
Table 35 : French Geothermal Electric Power Generation Market, by Segment, 2018
Table 36 : French Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 37 : Italian Geothermal Electric Power Generation Market, Through 2023
Table 38 : Italian Geothermal Electric Power Generation Market, by Segment, 2018
Table 39 : Italian Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 40 : Eastern Europe Geothermal Electric Power Generation Market, Through 2023
Table 41 : Eastern Europe Geothermal Electric Power Generation Market, by Segment, 2018
Table 42 : Eastern Europe Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 43 : Russia Geothermal Electric Power Generation Market, Through 2023
Table 44 : Russia Geothermal Electric Power Generation Market, by Segment, 2018
Table 45 : Russia Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 46 : North American Geothermal Electric Power Generation Market, Through 2023
Table 47 : North American Geothermal Electric Power Generation Market, by Segment, 2018
Table 48 : North American Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 49 : USA Geothermal Electric Power Generation Market, Through 2023
Table 50 : USA Geothermal Electric Power Generation Market, by Segment, 2018
Table 51 : USA Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014- 2023
Table 52 : South American Geothermal Electric Power Generation Market, Through 2023
Table 53 : South American Geothermal Electric Power Generation Market, by Segment, 2018
Table 54 : South American Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 55 : Middle East Geothermal Electric Power Generation Market, Through 2023
Table 56 : Middle East Geothermal Electric Power Generation Market, by Segment, 2018
Table 57 : Middle East Geothermal Electric Power Generation Market Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 58 : Africa Geothermal Electric Power Generation Market, Through 2023
Table 59 : Africa Geothermal Electric Power Generation Market, by Segment, 2018
Table 60 : Africa Geothermal Electric Power Generation Historic and Forecast Growth Rate Market, by Segment, 2014-2023
Table 61 : Global Market Shares for Key Competitors of Geothermal Electric Power Generation, 2017
Table 62 : Calpine Corp.: Financial Performance, 2013-2017
Table 63 : Comision Federal de Electricadad (CFE): Financial Performance, 2013-2017
Table 64 : Enel SpA: Financial Performance, 2013-2017
Table 65 : Energy Development Corp.: Financial Performance, 2013-2017
Table 66 : Market Data Sources