Global Geothermal Electricity Market

Global Geothermal Electricity Market Overview And Prospects

Learn about the global geothermal electricity market through The Business Research Company, which provides information on geothermal electricity market size, geothermal electricity market drivers and restraints, geothermal electricity market players, the COVID-19 impact on the geothermal electricity market, and more.


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The global geothermal electricity market size is expected to grow from $5.53 in billion 2021 to $6.06 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The growth in the geothermal electricity market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The geothermal electricity market is expected to reach $8.46 billion in 2026 at a CAGR of 8.7%.

Financially supported by governments globally is expected to drive innovation in geothermal electricity manufacturing, thus driving the market during the forecast period.


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The geothermal electric power generation market consists of sales of geothermal electric power and related services. Geothermal energy is derived using the Earth’s internal heat energy to generate steam through a series of wells and is fed to the power plant to generate electricity.


Global Geothermal Electricity Market Segments Include:

By Type: Back Pressure, Binary, Double Flash, Dry Steam, Single Flash, Triple Flash

By End-User: Dry Steam Power Stations, Flash Steam Power Stations, Binary Cycle Power Station

By Application: Residential, Commercial, Industrial, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.


The companies in geothermal electric power generation market are investing in new technologies to make geothermal energy easily accessible to generate electricity and for other heating purposes. The large amount of geothermal energy is extracted only from places where it is easy to access very hot water. However, in countries like the UK and France, the availability of such hot water or hot water steam is very less as compared to places with volcanoes, such as Iceland and Indonesia. Following which companies are investing towards new approaches to make geothermal energy easily extractable and available.


TBRC’s geothermal electricity market report covers:

Major Market Players: Calpine Corp, Comision Federal de, Energy Development Corp., Electricadad (CFE) Enel SpA, Chevron Corporation, COMISION FEDERAL DE ELECTRICADAD (CFE), ENEL SPA, U.S. Geothermal Inc., KenGen, Contact Energy, Orkuveita Reykjavikur, Pertamina Geothermal Energy, CalEnergy Generation, Star Energy Ltd, Northern California Power Agency, Terra-Gen, LLC, ORMAT, Aboitiz Power, Calpine Corporation, Mercury, Pertamina Geothermal Energy, Raya Group, and Cyrq Energy.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)


The Geothermal Electricity Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides geothermal electricity market overviews, analyses and forecasts market size, share, geothermal electricity market players, geothermal electricity market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s geothermal electricity market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.


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