Best Prospects in the Global Geothermal Electricity Market and Strategies for Growth – Includes Geothermal Electricity Market Trends
The Business Research Company’s report goes into great detail on the geothermal electricity market size and growth, geothermal electricity market regional analysis, geothermal electricity market competitive landscape, and other critical information needed to excel in the geothermal electricity industry.
Major players in the geothermal electricity market include Calpine Corp, Comision Federal de, Energy Development Corp., Electricadad (CFE) Enel SpA
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies
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%.
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.
The geothermal electric power generation market is being financially supported by governments globally.
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 global geothermal electricity market report is segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Geothermal Electricity Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the geothermal electricity market globally and regionally, analyzes and forecasts market size, share, geothermal electricity market players, geothermal electricity market segments, leading competitor revenues, profiles and market shares.
Here Is A List Of Similar Reports From The Business Research Company:
Interested To Know More About The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: