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全球地熱能市場（按應用、技術、溫度和地區分類）- 2030 年預測
市場調查報告書
商品編碼
1783243

全球地熱能市場（按應用、技術、溫度和地區分類）- 2030 年預測

Geothermal Energy Market by Application, Temperature, Technology, and Region - Global Forecast to 2030
出版日期: | 出版商: MarketsandMarkets | 英文 285 Pages | 訂單完成後即時交付

價格

預計到 2030 年地熱能市場規模將達到 135.6 億美元，預測期內複合年成長率為 5.3%。

調查範圍
調查年份 2021-2030
基準年 2024
預測期 2025-2030
對價單位 金額（十億美元）
部分 按應用、技術、溫度、地區
目標區域 亞太地區、北美、歐洲、中東和非洲、南美

可再生能源發電的需求、地源熱泵 (GHP) 的日益普及以及有利的政府政策是推動地熱能市場發展的主要因素。

地熱能市場-IMG1

依技術分類，地熱能市場可分為雙回圈電廠、閃蒸氣電廠、乾蒸氣電廠、地源熱泵、直接系統等。預計閃蒸氣電廠細分市場在預測期內的複合年成長率最高。閃蒸汽電廠的規模各不相同，包括單級閃蒸汽電廠（0.2-80MW）、雙級閃蒸汽電廠（2-110MW）和三級閃蒸汽電廠（60-150MW）。二氧化碳排放量約27公斤/兆瓦時，而二元循環電廠的二氧化碳排放量排放。政府的優惠政策和乾蒸氣電廠技術的發展預計將推動整個地熱能市場的發展。

根據應用，地熱能市場細分為發電、住宅供暖和製冷、商業供暖和製冷以及其他領域。由於各行業對永續能源的需求不斷成長，預計在預測期內，發電業將成為地熱能最大的應用領域。與風能、太陽能和水力發電等其他可再生能源發電相比，地熱能更受青睞。

北美預計將成為第二大地熱能市場。該地區地熱能市場的發展得益於地質條件優越地區的技術進步，以及各國對地熱資源發電和其他用途的高度重視。此外，全部區域新增地熱計劃投資的增加預計將進一步推動市場成長。技術創新、策略重點和資金籌措的增加，使北美成為全球地熱能領域的關鍵參與企業。

地熱能市場由幾家在區域範圍內具有廣泛影響力的關鍵參與企業主導。地熱能市場的領導者包括Ormat（美國）、三菱重工業株式會社（日本）、通用電氣Vernel（美國）、安薩爾多能源（義大利）、富士電機（日本）、東芝能源系統與解決方案株式會社（日本）、西門子股份公司（德國）、EXERGY INTERNATIONAL SRL（義大利）、SLB（美國）、哈里伯頓（美國）、NOV（美國）、Weatherford（美國）、Welltec（丹麥）、MANNVIT（冰島）和NIBE集團（瑞典）。本研究對地熱能市場這些主要企業進行了詳細的競爭分析，包括公司簡介、最新發展和關鍵市場策略。

本報告按應用（發電、住宅和商業供暖和製冷）、溫度（低溫、中溫、高溫）、技術（二元循環和說明循環電廠、乾蒸汽電廠、地源熱泵、直接系統）和地區對全球地熱能市場進行了定義、描述和預測。報告涵蓋了影響地熱能市場成長的關鍵因素的詳細資訊，包括促進因素、挑戰和成長機會。該報告還對主要行業參與者進行了詳細分析，深入了解其業務概況、解決方案、服務、關鍵策略、合約、夥伴關係、協議、併購以及與地熱能市場相關的最新發展。

目錄

第1章 引言

第2章調查方法

第3章執行摘要

第4章重要考察

第5章市場概述

  • 介紹
  • 市場動態
  • 影響客戶業務的趨勢/中斷
  • 生態系分析
  • 供應鏈分析
  • 2025-2026年主要會議和活動
  • 監管狀況
  • 專利分析
  • 波特五力分析
  • 案例研究分析
  • 地熱資源
  • 技術分析
  • 貿易分析
  • 主要相關人員和採購標準
  • 區域平均資本投資價格分析
  • 生成性人工智慧/人工智慧對地熱能市場的影響
  • 世界宏觀經濟展望
  • 2025年美國關稅的影響—概述

第6章 地熱能市場（依應用）

  • 介紹
  • 發電
  • 住宅暖氣和冷
  • 商業供暖和製冷
  • 其他

7. 地熱能市場（依技術）

  • 介紹
  • 二元循環裝置
  • 乾蒸氣廠
  • 閃化蒸氣廠
  • 地熱熱泵
  • 直接系統
  • 其他

第 8 章 地熱能市場（按溫度）

  • 介紹
  • 低溫（90°C以下）
  • 中溫（90-150度C）
  • 高溫（150°C以上）

第9章地熱能市場（按地區）

  • 介紹
  • 亞太地區
    • 中國
    • 日本
    • 印尼
    • 菲律賓
    • 紐西蘭
    • 其他
  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 土耳其
    • 德國
    • 義大利
    • 冰島
    • 其他
  • 南美洲
    • 智利
    • 哥倫比亞
  • 中東和非洲
    • 肯亞
    • 沙烏地阿拉伯
    • 其他

第10章 競爭格局

  • 主要參與企業採取的策略
  • 主要企業市場佔有率分析
  • 主要市場參與企業的收益分析
  • 估值和財務指標
  • 品牌/產品比較
  • 公司估值象限
  • 地熱能市場：公司追蹤
  • Start-Ups/小型企業估值象限
  • 競爭情境和趨勢

第11章：公司簡介

  • 發電設備供應商
    • ORMAT
    • MITSUBISHI HEAVY INDUSTRIES, LTD.
    • GE VERNOVA
    • ANSALDO ENERGIA
    • FUJI ELECTRIC
    • TOSHIBA AMERICA ENERGY SYSTEMS CORPORATION
    • SIEMENS AG
    • 其他
  • 地下設備和服務供應商
    • BAKER HUGHES COMPANY
    • SLB
    • HALLIBURTON
    • NOV
    • WEATHERFORD
    • WELLTEC
    • 其他
  • 地熱/地源熱泵製造商和服務供應商
    • NIBE GROUP
    • CARRIER GLOBAL CORPORATION
    • TRANE TECHNOLOGIES
    • BOSCH THERMOTECHNIK GMBH
    • VIESSMANN GROUP
    • DANDELION ENERGY

第12章 附錄

Product Code: EP 8539

The geothermal energy market is estimated to reach USD 13.56 billion by 2030 at a CAGR of 5.3% during the forecast period.

Scope of the Report
Years Considered for the Study2021-2030
Base Year2024
Forecast Period2025-2030
Units ConsideredValue (USD Billion)
SegmentsGeothermal energy market by technology, temperature, application, and region
Regions coveredAsia Pacific, North America, Europe, Middle East & Africa, and South America

The need for renewable power generation, increasing adoption of ground source heat pumps (GHP), and favorable government policies are the major factors driving the market for geothermal energy.

Geothermal Energy Market - IMG1

"Flash steam plants segment is projected to register the highest CAGR during the forecast period."

By technology, the geothermal energy market has been segmented into binary cycle plants, flash steam plants, dry steam plants, ground source heat pumps, direct systems, and others. The flash steam plants segment is expected to grow at the highest CAGR during the forecast period. Flash steam plants vary in size depending on whether they are single (0.2-80 MW), double (2-110 MW), or triple-flash (60- 150 MW) plants. It produces about 27 kg/MWh of CO2 emissions, while a binary power plant produces zero CO2 emissions. The favorable government policies and the developed technology of dry steam plants are expected to drive the overall geothermal energy market.

"Power generation is expected to be the largest application during the forecast period."

By application, the geothermal energy market has been segmented into power generation, residential heating and cooling, commercial heating and cooling, and others. The power generation segment is expected to be the largest application of geothermal energy during the forecast period due to the increasing demand for sustainable energy in every sector. Geothermal energy is preferred over other renewable forms of energy, such as wind, solar, and hydropower, for power generation.

"North America is estimated to be the second-largest market during the forecast period."

North America is anticipated to be the second-largest geothermal energy market. The market in the region is driven by technological advancements in geologically favorable regions and a strong emphasis by countries on utilizing geothermal resources for electricity generation and other applications. Additionally, rising investments in new geothermal projects across the region are expected to further accelerate market growth. Innovation, strategic focus, and increased funding position North America as a key player in the global geothermal energy sector.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1 - 11%, Tier 2 - 85%, and Tier 3 - 24%

By Designation: C-Level - 30%, Managers - 25%, and Others - 45%

By Region: North America - 33%, Europe - 27%, Asia Pacific - 20%, Middle East & Africa - 12%, and South America - 18%

Note: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The geothermal energy market is dominated by a few major players that have a wide geographical presence. The leading players in the geothermal energy market are Ormat (US), MITSUBISHI HEAVY INDUSTRIES LTD. (Japan), GE Vernova (US), Ansaldo Energia (Italy), Fuji Electric Co., Ltd. (Japan), Toshiba Energy Systems & Solutions Corporation (Japan), Siemens AG (Germany), EXERGY INTERNATIONAL SRL (Italy), SLB (US), Halliburton (US), NOV (US), Weatherford (US), Welltec (Denmark), MANNVIT (Iceland), NIBE Group (Sweden), and others. The study includes an in-depth competitive analysis of these key players in the geothermal energy market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report defines, describes, and forecasts the global geothermal energy market by application (Power Generation, Residential & Commercial Heating and Cooling), Temperature (Low, Medium, and High Temperature), Technology (Binary and Flash Cycle Plant, Dry Steam Plant, Ground Source Heat Pumps, Direct Systems), and Region. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the geothermal energy market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, mergers & acquisitions; and recent developments associated with the geothermal energy market.

Key Benefits of Buying the Report

  • Analysis of key drivers (Surging demand for ground source/geothermal heat pumps, Favorable government policies and initiatives, Use of geothermal energy for power generation, and Global focus on addressing climate crisis and reducing greenhouse gas emissions), restraints (High growth of solar, wind, gas, and other alternative renewable energy source, Lack of exploration and drilling techniques required to identify and develop undiscovered geothermal resources, Expensive geothermal well drilling leading to high upfront project costs.), opportunities (Emergence of advanced technologies, Geothermal potential for low- and medium-temperature resources, Mineral extraction using geothermal energy) and challenges (Multiple environmental reviews and assessments associated with geothermal projects, Absence of geothermal professionals, consultants, and businesses) influencing the growth of the geothermal energy market.
  • Product Development/Innovation: Rapid development and innovation in geothermal energy, particularly through advancements in Enhanced Geothermal Systems (EGS), closed-loop, and supercritical geothermal technologies, expand access to the Earth's heat resources. European projects like EnBW's CASCADE, recognized for pioneering lithium extraction from geothermal brines, demonstrate how geothermal can simultaneously support energy and critical mineral supply chains. Innovations in the oil & gas sector, such as repurposing hydrocarbon wells for geothermal heating and improving drilling efficiency with advanced cooling techniques, are lowering costs and accelerating deployment. These breakthroughs position geothermal as a reliable, sustainable, and versatile solution for decarbonization and energy security.
  • Market Development: Mitsubishi Heavy Industries Ltd. (Japan), via its Mitsubishi Power division, secured a contract in October 2024 to retrofit the Darajat Geothermal Power Plant in Indonesia with a new steam turbine, boosting its output from 121 to 129 MW.
  • Market Diversification: Ormat Technologies completed its acquisition of the Blue Mountain geothermal power plant (20 MW) in Nevada from Cyrq Energy for USD 88 million in June 2025, a move that immediately strengthens its electricity generation portfolio. The plant, originally built with Ormat technology, currently operates under a power purchase agreement with NV Energy, which is set to expire at the end of 2029. Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, such as Ormat (US), MITSUBISHI HEAVY INDUSTRIES LTD. (Japan), GE Vernova (US), Ansaldo Energia (Italy), Fuji Electric Co., Ltd. (Japan), Toshiba Energy Systems & Solutions Corporation (Japan), Siemens AG (Germany), EXERGY INTERNATIONAL SRL (Italy), SLB (US), Halliburton (US), NOV (US), Weatherford (US), WELLTEC (Denmark), MANNVIT (Iceland), and NIBE Group (Sweden), are conducted.

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
  • 1.3 MARKET SCOPE
    • 1.3.1 GEOTHERMAL ENERGY MARKET: SEGMENTATION
  • 1.4 INCLUSIONS & EXCLUSIONS
    • 1.4.1 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY: INCLUSIONS & EXCLUSIONS
    • 1.4.2 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE: INCLUSIONS & EXCLUSIONS
    • 1.4.3 GEOTHERMAL ENERGY MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS
  • 1.5 YEARS CONSIDERED
  • 1.6 UNIT CONSIDERED
  • 1.7 CURRENCY CONSIDERED
  • 1.8 SUMMARY OF CHANGES
  • 1.9 LIMITATIONS
  • 1.10 STAKEHOLDERS

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
  • 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
    • 2.2.1 SECONDARY DATA
      • 2.2.1.1 Key data from secondary sources
    • 2.2.2 PRIMARY DATA
      • 2.2.2.1 Key data from primary sources
      • 2.2.2.2 Breakdown of primaries
  • 2.3 SCOPE
  • 2.4 MARKET SIZE ESTIMATION
    • 2.4.1 DEMAND-SIDE ANALYSIS
      • 2.4.1.1 Calculation
      • 2.4.1.2 Assumptions
    • 2.4.2 SUPPLY-SIDE ANALYSIS
    • 2.4.3 FORECAST

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR GEOTHERMAL ENERGY MARKET PLAYERS
  • 4.2 GEOTHERMAL ENERGY MARKET, BY REGION
  • 4.3 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY
  • 4.4 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE
  • 4.5 GEOTHERMAL ENERGY MARKET, BY APPLICATION

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Surging demand for ground source/geothermal heat pumps
      • 5.2.1.2 Government policies and initiatives
      • 5.2.1.3 Use of geothermal energy for power generation
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Growing use of solar, wind, gas, and other alternative renewable energy sources
      • 5.2.2.2 Limited exploration and drilling techniques to identify and develop undiscovered geothermal resources
      • 5.2.2.3 Expensive geothermal well drilling, leading to high upfront project costs
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Co-production and conversion of oil & gas wells for geothermal energy
      • 5.2.3.2 Geothermal potential for low- and medium-temperature resources
      • 5.2.3.3 Decarbonization and energy security
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Resource uncertainty and exploration risk
      • 5.2.4.2 Absence of geothermal professionals, consultants, and businesses
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    • 5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR GEOTHERMAL ENERGY SYSTEM PROVIDERS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 SUPPLY CHAIN ANALYSIS
    • 5.5.1 SUPPLY CHAIN ANALYSIS OF GEOTHERMAL COMBINED HEAT AND POWER GENERATION
      • 5.5.1.1 Exploration & feasibility
      • 5.5.1.2 Development
      • 5.5.1.3 Drilling
      • 5.5.1.4 Front-end engineering and design (FEED)
      • 5.5.1.5 Manufacturing
      • 5.5.1.6 Construction/Engineering, procurement, and construction (EPC)
      • 5.5.1.7 Operations and maintenance
    • 5.5.2 SUPPLY CHAIN ANALYSIS OF GEOTHERMAL ENERGY MARKET FOR GROUND SOURCE/GEOTHERMAL HEAT PUMPS
      • 5.5.2.1 Raw material suppliers
      • 5.5.2.2 Original equipment manufacturers (OEMs)
      • 5.5.2.3 Distributors
      • 5.5.2.4 End users
  • 5.6 KEY CONFERENCES & EVENTS, 2025-2026
  • 5.7 REGULATORY LANDSCAPE
    • 5.7.1 CODES, POLICIES, AND REGULATIONS RELATED TO GEOTHERMAL ENERGY SYSTEMS
    • 5.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.8 PATENT ANALYSIS
  • 5.9 PORTER'S FIVE FORCES ANALYSIS
    • 5.9.1 THREAT OF SUBSTITUTES
    • 5.9.2 BARGAINING POWER OF SUPPLIERS
    • 5.9.3 BARGAINING POWER OF BUYERS
    • 5.9.4 THREAT OF NEW ENTRANTS
    • 5.9.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.10 CASE STUDY ANALYSIS
    • 5.10.1 NEED FOR PRECISE RESERVOIR MANAGEMENT
      • 5.10.1.1 Problem statement
      • 5.10.1.2 Solution
    • 5.10.2 ELDERLY ACCOMMODATION CENTER IN MEUNG SUR LOIRE, FRANCE, USES GEOTHERMAL ENERGY FOR HEATING AND COOLING
      • 5.10.2.1 Problem statement
      • 5.10.2.2 Solution
    • 5.10.3 FEASIBILITY OF GEOTHERMAL POWER IN NEW MARKETS AND CONTRIBUTION TO LOCAL DECARBONIZATION
      • 5.10.3.1 Problem statement
      • 5.10.3.2 Solution
  • 5.11 GEOTHERMAL RESOURCES
    • 5.11.1 GEOTHERMAL HEAT-PUMP RESOURCES
    • 5.11.2 HYDROTHERMAL RESOURCES
    • 5.11.3 UNCONVENTIONAL RESOURCES (ENHANCED GEOTHERMAL SYSTEMS)
  • 5.12 TECHNOLOGY ANALYSIS
    • 5.12.1 ENHANCED GEOTHERMAL RESOURCES
    • 5.12.2 ADVANCED GEOTHERMAL RESOURCES
    • 5.12.3 CLOSED-LOOP GEOTHERMAL ENERGY
    • 5.12.4 DISPATCHABLE GEOTHERMAL PLANTS
    • 5.12.5 UNDERGROUND THERMAL ENERGY STORAGE
  • 5.13 TRADE ANALYSIS
    • 5.13.1 EXPORT SCENARIO
    • 5.13.2 IMPORT SCENARIO
  • 5.14 KEY STAKEHOLDERS & BUYING CRITERIA
    • 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • 5.14.2 BUYING CRITERIA
  • 5.15 AVERAGE CAPITAL EXPENDITURE PRICING ANALYSIS, BY REGION
  • 5.16 IMPACT OF GEN AI/AI ON GEOTHERMAL ENERGY MARKET
    • 5.16.1 ADOPTION OF GEN AI/AI IN GEOTHERMAL ENERGY MARKET
    • 5.16.2 IMPACT OF GEN AI/AI, BY APPLICATION
    • 5.16.3 IMPACT OF GEN AI/AI ON GEOTHERMAL ENERGY MARKET, BY REGION
  • 5.17 GLOBAL MACROECONOMIC OUTLOOK
    • 5.17.1 INTRODUCTION
    • 5.17.2 GDP TRENDS AND FORECAST
    • 5.17.3 IMPACT OF INFLATION ON GEOTHERMAL ENERGY MARKET
  • 5.18 IMPACT OF 2025 US TARIFF - OVERVIEW
    • 5.18.1 INTRODUCTION
    • 5.18.2 KEY TARIFF RATES
    • 5.18.3 IMPACT ON REGION
      • 5.18.3.1 North America
      • 5.18.3.2 Europe
      • 5.18.3.3 Asia Pacific
      • 5.18.3.4 ROW

6 GEOTHERMAL ENERGY MARKET, BY APPLICATION

  • 6.1 INTRODUCTION
  • 6.2 POWER GENERATION
    • 6.2.1 SURGING DEMAND FOR SUSTAINABLE ENERGY TO DRIVE MARKET
  • 6.3 RESIDENTIAL HEATING & COOLING
    • 6.3.1 HIGH ENERGY COST TO PROMPT RESIDENTIAL SECTOR TO ADOPT GEOTHERMAL ENERGY
  • 6.4 COMMERCIAL HEATING & COOLING
    • 6.4.1 ADOPTION OF GEOTHERMAL ENERGY BY SMALL BUSINESSES TO PROPEL MARKET
  • 6.5 OTHERS

7 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY

  • 7.1 INTRODUCTION
  • 7.2 BINARY CYCLE PLANTS
    • 7.2.1 ABILITY TO UTILIZE MEDIUM TEMPERATURE RESERVOIRS TO DRIVE MARKET
  • 7.3 DRY STEAM PLANTS
    • 7.3.1 HIGH-TEMPERATURE & VOLCANICALLY ACTIVE RESERVOIRS TO DRIVE MARKET
  • 7.4 FLASH STEAM PLANTS
    • 7.4.1 MATURE & EFFICIENT TECHNOLOGY OF FLASH STEAM PLANTS TO SUPPORT MARKET GROWTH
  • 7.5 GROUND SOURCE HEAT PUMPS
    • 7.5.1 LOW OPERATIONAL COST AND HIGH EFFICIENCY TO PROPEL ADOPTION
  • 7.6 DIRECT SYSTEMS
    • 7.6.1 SIMPLICITY AND EFFICIENCY OF DIRECT-USE SYSTEMS TO FUEL DEMAND
  • 7.7 OTHER TECHNOLOGIES

8 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE

  • 8.1 INTRODUCTION
  • 8.2 LOW TEMPERATURE (LESS THAN 90°C)
    • 8.2.1 LOW-TEMPERATURE GEOTHERMAL RESOURCES USED FOR DIRECT APPLICATIONS
  • 8.3 MEDIUM TEMPERATURE (90-150°C)
    • 8.3.1 MEDIUM-TEMPERATURE FIELDS INCREASINGLY USED FOR ELECTRICITY GENERATION
  • 8.4 HIGH TEMPERATURE (ABOVE 150°C)
    • 8.4.1 HIGH-TEMPERATURE GEOTHERMAL ENERGY FOUND IN VOLCANIC AND SEISMICALLY ACTIVE REGIONS

9 GEOTHERMAL ENERGY MARKET, BY REGION

  • 9.1 INTRODUCTION
  • 9.2 ASIA PACIFIC
    • 9.2.1 CHINA
      • 9.2.1.1 Plans to increase installed geothermal power capacity to propel market
    • 9.2.2 JAPAN
      • 9.2.2.1 Widespread use of geothermal energy to boost market
    • 9.2.3 INDONESIA
      • 9.2.3.1 Supportive government policies to encourage market growth
    • 9.2.4 PHILIPPINES
      • 9.2.4.1 Favorable geological conditions and high opportunities for investment in geothermal energy to drive market
    • 9.2.5 NEW ZEALAND
      • 9.2.5.1 Investments in geothermal projects to push market
    • 9.2.6 REST OF ASIA PACIFIC
  • 9.3 NORTH AMERICA
    • 9.3.1 US
      • 9.3.1.1 Increasing demand for geothermal heat pumps to favor market
    • 9.3.2 CANADA
      • 9.3.2.1 Favorable government policy framework to fuel market growth
    • 9.3.3 MEXICO
      • 9.3.3.1 Initiation of multiple geothermal projects to augment market growth
  • 9.4 EUROPE
    • 9.4.1 TURKEY
      • 9.4.1.1 Geothermal Development Project to provide opportunities for market growth
    • 9.4.2 GERMANY
      • 9.4.2.1 Target of 155additional geothermal projects to accelerate market growth
    • 9.4.3 ITALY
      • 9.4.3.1 Increasing demand for geothermal heat pumps to drive market
    • 9.4.4 ICELAND
      • 9.4.4.1 Abundance of geothermal resources to support market growth
    • 9.4.5 REST OF EUROPE
  • 9.5 SOUTH AMERICA
    • 9.5.1 CHILE
      • 9.5.1.1 Investments in new geothermal projects to foster market growth
    • 9.5.2 COLOMBIA
      • 9.5.2.1 Changes in geothermal energy-related regulations to offer opportunities for market growth
  • 9.6 MIDDLE EAST & AFRICA
    • 9.6.1 KENYA
      • 9.6.1.1 Favorable government policies to drive market growth
    • 9.6.2 SAUDI ARABIA
      • 9.6.2.1 Supportive government policies and increasing investments in renewables to drive market
    • 9.6.3 REST OF MIDDLE EAST & AFRICA

10 COMPETITIVE LANDSCAPE

  • 10.1 STRATEGIES ADOPTED BY KEY PLAYERS
  • 10.2 MARKET SHARE ANALYSIS OF TOP PLAYERS
  • 10.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS
  • 10.4 COMPANY VALUATION AND FINANCIAL METRICS
    • 10.4.1 COMPANY VALUATION
  • 10.5 BRAND/PRODUCT COMPARISON
  • 10.6 COMPANY EVALUATION QUADRANT
    • 10.6.1 STARS
    • 10.6.2 PERVASIVE PLAYERS
    • 10.6.3 EMERGING LEADERS
    • 10.6.4 PARTICIPANTS
    • 10.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
      • 10.6.5.1 Company footprint
  • 10.7 GEOTHERMAL ENERGY MARKET: COMPANY FOOTPRINT
    • 10.7.1 COMPANY FOOTPRINT, BY PLAYER'S ROLE IN SUPPLY CHAIN
    • 10.7.2 APPLICATION FOOTPRINT
    • 10.7.3 REGION FOOTPRINT
  • 10.8 STARTUP/SME EVALUATION QUADRANT
    • 10.8.1 PROGRESSIVE COMPANIES
    • 10.8.2 RESPONSIVE COMPANIES
    • 10.8.3 DYNAMIC COMPANIES
    • 10.8.4 STARTING BLOCKS
    • 10.8.5 GEOTHERMAL ENERGY MARKET: COMPETITIVE BENCHMARKING
      • 10.8.5.1 Competitive benchmarking of key startups/SMEs
  • 10.9 COMPETITIVE SCENARIOS AND TRENDS
    • 10.9.1 PRODUCT LAUNCHES
    • 10.9.2 DEALS
    • 10.9.3 EXPANSIONS
    • 10.9.4 OTHER DEVELOPMENTS

11 COMPANY PROFILES

  • 11.1 POWER PLANT EQUIPMENT PROVIDERS
    • 11.1.1 ORMAT
      • 11.1.1.1 Business overview
      • 11.1.1.2 Products offered
      • 11.1.1.3 Recent developments
        • 11.1.1.3.1 Product launches
        • 11.1.1.3.2 Deals
        • 11.1.1.3.3 Expansions
        • 11.1.1.3.4 Other developments
      • 11.1.1.4 MnM view
        • 11.1.1.4.1 Key strengths
        • 11.1.1.4.2 Strategic choices
        • 11.1.1.4.3 Weaknesses/Competitive threats
    • 11.1.2 MITSUBISHI HEAVY INDUSTRIES, LTD.
      • 11.1.2.1 Business overview
      • 11.1.2.2 Products offered
      • 11.1.2.3 Recent developments
        • 11.1.2.3.1 Deals
        • 11.1.2.3.2 Expansions
        • 11.1.2.3.3 Other developments
      • 11.1.2.4 MnM view
        • 11.1.2.4.1 Key strengths
        • 11.1.2.4.2 Strategic choices
        • 11.1.2.4.3 Weaknesses/Competitive threats
    • 11.1.3 GE VERNOVA
      • 11.1.3.1 Business overview
      • 11.1.3.2 Products offered
    • 11.1.4 ANSALDO ENERGIA
      • 11.1.4.1 Business overview
      • 11.1.4.2 Products offered
      • 11.1.4.3 Recent developments
        • 11.1.4.3.1 Expansions
    • 11.1.5 FUJI ELECTRIC
      • 11.1.5.1 Business overview
      • 11.1.5.2 Products offered
      • 11.1.5.3 Recent developments
        • 11.1.5.3.1 Other developments
    • 11.1.6 TOSHIBA AMERICA ENERGY SYSTEMS CORPORATION
      • 11.1.6.1 Business overview
      • 11.1.6.2 Products offered
      • 11.1.6.3 Recent developments
        • 11.1.6.3.1 Deals
        • 11.1.6.3.2 Other developments
    • 11.1.7 SIEMENS AG
      • 11.1.7.1 Business overview
      • 11.1.7.2 Products offered
      • 11.1.7.3 Recent developments
        • 11.1.7.3.1 Expansions
        • 11.1.7.3.2 Deals
    • 11.1.8 POWER PLANT EQUIPMENT PROVIDERS: OTHER PLAYERS
      • 11.1.8.1 EXERGY INTERNATIONAL SRL
      • 11.1.8.2 Altarock Energy
  • 11.2 SUB-SURFACE EQUIPMENT AND SERVICE PROVIDERS
    • 11.2.1 BAKER HUGHES COMPANY
      • 11.2.1.1 Business overview
      • 11.2.1.2 Products offered
      • 11.2.1.3 Recent developments
        • 11.2.1.3.1 Product launches
        • 11.2.1.3.2 Deals
      • 11.2.1.4 MnM view
        • 11.2.1.4.1 Key strengths
        • 11.2.1.4.2 Strategic choices
        • 11.2.1.4.3 Weaknesses/Competitive threats
    • 11.2.2 SLB
      • 11.2.2.1 Business overview
      • 11.2.2.2 Products offered
      • 11.2.2.3 Recent developments
        • 11.2.2.3.1 Product launches
        • 11.2.2.3.2 Deals
        • 11.2.2.3.3 Expansions
        • 11.2.2.3.4 Other developments
      • 11.2.2.4 MnM view
        • 11.2.2.4.1 Key strengths
        • 11.2.2.4.2 Strategic choices
        • 11.2.2.4.3 Weaknesses/Competitive threats
    • 11.2.3 HALLIBURTON
      • 11.2.3.1 Business overview
      • 11.2.3.2 Products offered
      • 11.2.3.3 Recent developments
        • 11.2.3.3.1 Product launches
        • 11.2.3.3.2 Deals
        • 11.2.3.3.3 Other developments
    • 11.2.4 NOV
      • 11.2.4.1 Business overview
      • 11.2.4.2 Products offered
      • 11.2.4.3 Recent developments
        • 11.2.4.3.1 Product launches
        • 11.2.4.3.2 Other developments
    • 11.2.5 WEATHERFORD
      • 11.2.5.1 Business overview
      • 11.2.5.2 Products offered
      • 11.2.5.3 Recent developments
        • 11.2.5.3.1 Product launches
        • 11.2.5.3.2 Deals
        • 11.2.5.3.3 Other developments
    • 11.2.6 WELLTEC
      • 11.2.6.1 Business overview
      • 11.2.6.2 Products offered
      • 11.2.6.3 Recent developments
        • 11.2.6.3.1 Deals
        • 11.2.6.3.2 Other developments
    • 11.2.7 SUB-SURFACE EQUIPMENT AND SERVICE PROVIDERS: OTHER PLAYERS
      • 11.2.7.1 MANNVIT
  • 11.3 GEOTHERMAL/GROUND SOURCE HEAT PUMP MANUFACTURERS AND SERVICE PROVIDERS
    • 11.3.1 NIBE GROUP
      • 11.3.1.1 Business overview
      • 11.3.1.2 Products offered
      • 11.3.1.3 MnM view
        • 11.3.1.3.1 Key strengths
        • 11.3.1.3.2 Strategic choices
        • 11.3.1.3.3 Weaknesses/Competitive threats
    • 11.3.2 CARRIER GLOBAL CORPORATION
      • 11.3.2.1 Business overview
      • 11.3.2.2 Products offered
      • 11.3.2.3 Recent developments
        • 11.3.2.3.1 Deals
    • 11.3.3 GEOTHERMAL/GROUND SOURCE HEAT PUMP MANUFACTURERS AND SERVICE PROVIDERS: OTHER PLAYERS
      • 11.3.3.1 DANFOSS
    • 11.3.4 TRANE TECHNOLOGIES
    • 11.3.5 BOSCH THERMOTECHNIK GMBH
    • 11.3.6 VIESSMANN GROUP
    • 11.3.7 DANDELION ENERGY

12 APPENDIX

  • 12.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 12.2 DISCUSSION GUIDE
  • 12.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 12.4 CUSTOMIZATION OPTIONS
  • 12.5 RELATED REPORTS
  • 12.6 AUTHOR DETAILS

List of Tables

  • TABLE 1 GEOTHERMAL ENERGY MARKET SNAPSHOT
  • TABLE 2 MAJOR DEVELOPMENTS PERTAINING TO USE OF OIL & GAS WELLS FOR GEOTHERMAL INSTALLATIONS
  • TABLE 3 PERSONNEL REQUIREMENTS IN DIFFERENT STAGES OF GEOTHERMAL DEVELOPMENT (50 MW)
  • TABLE 4 GEOTHERMAL ENERGY MARKET: ROLE IN ECOSYSTEM
  • TABLE 5 GEOTHERMAL ENERGY MARKET: LIST OF CONFERENCES & EVENTS, 2025-2026
  • TABLE 6 GEOTHERMAL ENERGY SYSTEMS: CODES AND REGULATIONS
  • TABLE 7 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 GEOTHERMAL ENERGY SYSTEMS: KEY PATENTS, APRIL 2015-MAY 2022
  • TABLE 13 GEOTHERMAL ENERGY MARKET: PORTER'S FIVE FORCES ANALYSIS
  • TABLE 14 EXPORT DATA FOR HS CODE 840681, BY COUNTRY, 2022-2024 (USD THOUSAND)
  • TABLE 15 IMPORT DATA FOR HS CODE 840681, BY COUNTRY, 2022-2024 (USD THOUSAND)
  • TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
  • TABLE 17 KEY BUYING CRITERIA, BY END USER
  • TABLE 18 AVERAGE CAPEX OF DIFFERENT TYPES OF GEOTHERMAL POWER PLANTS, BY REGION (USD/KW)
  • TABLE 19 WORLD GDP GROWTH, 2021-2028 (USD TRILLION)
  • TABLE 20 INFLATION RATE (ANNUAL PERCENT CHANGE), 2024
  • TABLE 21 US-ADJUSTED RECIPROCAL TARIFF RATES, 2024 (USD BILLION)
  • TABLE 22 GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 23 GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 24 POWER GENERATION: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 25 POWER GENERATION: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 26 RESIDENTIAL HEATING & COOLING: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 27 RESIDENTIAL HEATING & COOLING: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 28 COMMERCIAL HEATING & COOLING: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 29 COMMERCIAL HEATING & COOLING: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 30 OTHER APPLICATIONS: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 31 OTHER APPLICATIONS: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 32 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2021-2024 (USD MILLION)
  • TABLE 33 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2025-2030 (USD MILLION)
  • TABLE 34 BINARY CYCLE PLANTS: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 35 BINARY CYCLE PLANTS: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 36 DRY STEAM PLANTS: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 37 DRY STEAM PLANTS: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 38 FLASH STEAM PLANTS: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 39 FLASH STEAM PLANTS: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 40 GROUND SOURCE HEAT PUMPS: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 41 GROUND SOURCE HEAT PUMPS: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 42 DIRECT SYSTEMS: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 43 DIRECT SYSTEMS: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 44 OTHER TECHNOLOGIES: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 45 OTHER TECHNOLOGIES: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 46 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2021-2024 (USD MILLION)
  • TABLE 47 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2025-2030 (USD MILLION)
  • TABLE 48 LOW TEMPERATURE: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 49 LOW TEMPERATURE: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 50 MEDIUM TEMPERATURE: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 51 MEDIUM TEMPERATURE: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 52 HIGH TEMPERATURE: GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 53 HIGH TEMPERATURE: GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 54 GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (USD MILLION)
  • TABLE 55 GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (USD MILLION)
  • TABLE 56 GEOTHERMAL ENERGY MARKET, BY REGION, 2021-2024 (MW)
  • TABLE 57 GEOTHERMAL ENERGY MARKET, BY REGION, 2025-2030 (MW)
  • TABLE 58 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2021-2024 (USD MILLION)
  • TABLE 59 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2025-2030 (USD MILLION)
  • TABLE 60 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2021-2024 (USD MILLION)
  • TABLE 61 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2025-2030 (USD MILLION)
  • TABLE 62 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 63 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 64 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2021-2024 (USD MILLION)
  • TABLE 65 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2025-2030 (USD MILLION)
  • TABLE 66 CHINA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 67 CHINA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 68 JAPAN: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 69 JAPAN: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 70 INDONESIA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 71 INDONESIA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 72 PHILIPPINES: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 73 PHILIPPINES: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 74 NEW ZEALAND: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 75 NEW ZEALAND: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 76 REST OF ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 77 REST OF ASIA PACIFIC: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 78 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2021-2024 (USD MILLION)
  • TABLE 79 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2025-2030 (USD MILLION)
  • TABLE 80 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2021-2024 (USD MILLION)
  • TABLE 81 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2025-2030 (USD MILLION)
  • TABLE 82 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 83 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 84 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2021-2024 (USD MILLION)
  • TABLE 85 NORTH AMERICA: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2025-2030 (USD MILLION)
  • TABLE 86 US: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 87 US: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 88 CANADA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 89 CANADA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 90 MEXICO: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 91 MEXICO: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 92 EUROPE: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2021-2024 (USD MILLION)
  • TABLE 93 EUROPE: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2025-2030 (USD MILLION)
  • TABLE 94 EUROPE: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2021-2024 (USD MILLION)
  • TABLE 95 EUROPE: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2025-2030 (USD MILLION)
  • TABLE 96 EUROPE: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 97 EUROPE: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 98 EUROPE: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2021-2024 (USD MILLION)
  • TABLE 99 EUROPE: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2025-2030 (USD MILLION)
  • TABLE 100 TURKEY: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 101 TURKEY: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 102 GERMANY: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 103 GERMANY: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 104 ITALY: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 105 ITALY: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 106 ICELAND: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 107 ICELAND: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 108 REST OF EUROPE: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 109 REST OF EUROPE: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 110 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2021-2024 (USD MILLION)
  • TABLE 111 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2025-2030 (USD MILLION)
  • TABLE 112 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2021-2024 (USD MILLION)
  • TABLE 113 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2025-2030 (USD MILLION)
  • TABLE 114 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 115 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 116 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2021-2024 (USD MILLION)
  • TABLE 117 SOUTH AMERICA: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2025-2030 (USD MILLION)
  • TABLE 118 CHILE: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 119 CHILE: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 120 COLOMBIA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 121 COLOMBIA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 122 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2021-2024 (USD MILLION)
  • TABLE 123 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY, 2025-2030 (USD MILLION)
  • TABLE 124 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2021-2024 (USD MILLION)
  • TABLE 125 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY TEMPERATURE, 2025-2030 (USD MILLION)
  • TABLE 126 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 127 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 128 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2021-2024 (USD MILLION)
  • TABLE 129 MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
  • TABLE 130 KENYA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 131 KENYA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 132 SAUDI ARABIA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 133 SAUDI ARABIA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 134 REST OF MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2021-2024 (USD MILLION)
  • TABLE 135 REST OF MIDDLE EAST & AFRICA: GEOTHERMAL ENERGY MARKET, BY APPLICATION, 2025-2030 (USD MILLION)
  • TABLE 136 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2020- 2025
  • TABLE 137 GEOTHERMAL ENERGY MARKET FOR SURFACE PLANT EQUIPMENT AND SERVICES: DEGREE OF COMPETITION
  • TABLE 138 GEOTHERMAL ENERGY MARKET FOR SUB-SURFACE EQUIPMENT AND SERVICES: DEGREE OF COMPETITION
  • TABLE 139 GEOTHERMAL ENERGY MARKET FOR GROUND SOURCE/GEOTHERMAL HEAT PUMPS: DEGREE OF COMPETITION
  • TABLE 140 GEOTHERMAL ENERGY MARKET: COMPANY FOOTPRINT
  • TABLE 141 GEOTHERMAL ENERGY MARKET: COMPANY FOOTPRINT, BY PLAYER'S ROLE IN SUPPLY CHAIN
  • TABLE 142 GEOTHERMAL ENERGY MARKET: APPLICATION FOOTPRINT
  • TABLE 143 GEOTHERMAL ENERGY MARKET: REGION FOOTPRINT
  • TABLE 144 GEOTHERMAL ENERGY MARKET: DETAILED LIST OF KEY SMES/STARTUPS
  • TABLE 145 GEOTHERMAL ENERGY MARKET: COMPETITIVE BENCHMARKING OF KEY SMES/STARTUPS
  • TABLE 146 GEOTHERMAL ENERGY MARKET: PRODUCT LAUNCHES, 2020-2025
  • TABLE 147 GEOTHERMAL ENERGY MARKET: DEALS, 2020- 2025
  • TABLE 148 GEOTHERMAL ENERGY MARKET: EXPANSIONS, 2020- 2025
  • TABLE 149 GEOTHERMAL ENERGY MARKET: OTHER DEVELOPMENTS, 2020- 2025
  • TABLE 150 ORMAT: COMPANY OVERVIEW
  • TABLE 151 ORMAT: PRODUCTS OFFERED
  • TABLE 152 ORMAT: PRODUCT LAUNCHES
  • TABLE 153 ORMAT: DEALS
  • TABLE 154 ORMAT: EXPANSIONS
  • TABLE 155 ORMAT: OTHER DEVELOPMENTS
  • TABLE 156 MITSUBISHI HEAVY INDUSTRIES LTD.: COMPANY OVERVIEW
  • TABLE 157 MITSUBISHI HEAVY INDUSTRIES LTD.: PRODUCTS OFFERED
  • TABLE 158 MITSUBISHI HEAVY INDUSTRIES LTD.: DEALS
  • TABLE 159 MITSUBISHI HEAVY INDUSTRIES LTD.: EXPANSIONS
  • TABLE 160 MITSUBISHI HEAVY INDUSTRIES LTD.: OTHER DEVELOPMENTS
  • TABLE 161 GE VERNOVA: COMPANY OVERVIEW
  • TABLE 162 GE VERNOVA: PRODUCTS OFFERED
  • TABLE 163 ANSALDO ENERGIA: COMPANY OVERVIEW
  • TABLE 164 ANSALDO ENERGIA: PRODUCTS OFFERED
  • TABLE 165 ANSALDO ENERGIA: EXPANSIONS
  • TABLE 166 FUJI ELECTRIC: COMPANY OVERVIEW
  • TABLE 167 FUJI ELECTRIC: PRODUCTS OFFERED
  • TABLE 168 FUJI ELECTRIC: OTHER DEVELOPMENTS
  • TABLE 169 TOSHIBA AMERICA ENERGY SYSTEMS CORPORATION: COMPANY OVERVIEW
  • TABLE 170 TOSHIBA AMERICA ENERGY SYSTEMS CORPORATION: PRODUCTS OFFERED
  • TABLE 171 TOSHIBA AMERICA ENERGY SYSTEMS CORPORATION: DEALS
  • TABLE 172 TOSHIBA AMERICA ENERGY SYSTEMS CORPORATION: OTHER DEVELOPMENTS
  • TABLE 173 SIEMENS AG: COMPANY OVERVIEW
  • TABLE 174 SIEMENS AG: PRODUCTS OFFERED
  • TABLE 175 SIEMENS AG: EXPANSIONS
  • TABLE 176 SIEMENS AG: DEALS
  • TABLE 177 BAKER HUGHES COMPANY: COMPANY OVERVIEW
  • TABLE 178 BAKER HUGHES COMPANY: PRODUCTS OFFERED
  • TABLE 179 BAKER HUGHES COMPANY: PRODUCT LAUNCHES
  • TABLE 180 BAKER HUGHES COMPANY: DEALS
  • TABLE 181 SLB: COMPANY OVERVIEW
  • TABLE 182 SLB: PRODUCTS OFFERED
  • TABLE 183 SLB: PRODUCT LAUNCHES
  • TABLE 184 SLB: DEALS
  • TABLE 185 SLB: EXPANSIONS
  • TABLE 186 SLB: OTHER DEVELOPMENTS
  • TABLE 187 HALLIBURTON: COMPANY OVERVIEW
  • TABLE 188 HALLIBURTON: PRODUCTS OFFERED
  • TABLE 189 HALLIBURTON: PRODUCT LAUNCHES
  • TABLE 190 HALLIBURTON: DEALS
  • TABLE 191 HALLIBURTON: OTHER DEVELOPMENTS
  • TABLE 192 NOV: COMPANY OVERVIEW
  • TABLE 193 NOV: PRODUCTS OFFERED
  • TABLE 194 NOV: PRODUCT LAUNCHES
  • TABLE 195 NOV: OTHER DEVELOPMENTS
  • TABLE 196 WEATHERFORD: COMPANY OVERVIEW
  • TABLE 197 WEATHERFORD: PRODUCTS OFFERED
  • TABLE 198 WEATHERFORD: PRODUCT LAUNCHES
  • TABLE 199 WEATHERFORD: DEALS
  • TABLE 200 WEATHERFORD: OTHER DEVELOPMENTS
  • TABLE 201 WELLTEC: COMPANY OVERVIEW
  • TABLE 202 WELLTEC: PRODUCTS OFFERED
  • TABLE 203 WELLTEC: DEALS
  • TABLE 204 WELLTEC: OTHER DEVELOPMENTS
  • TABLE 205 NIBE GROUP: COMPANY OVERVIEW
  • TABLE 206 NIBE GROUP: PRODUCTS OFFERED
  • TABLE 207 CARRIER GLOBAL CORPORATION: COMPANY OVERVIEW
  • TABLE 208 CARRIER GLOBAL CORPORATION: PRODUCTS OFFERED
  • TABLE 209 CARRIER GLOBAL CORPORATION: DEALS

List of Figures

  • FIGURE 1 GEOTHERMAL ENERGY MARKET: RESEARCH DESIGN
  • FIGURE 2 DATA TRIANGULATION METHODOLOGY
  • FIGURE 3 MAIN METRICS CONSIDERED TO CONSTRUCT AND ASSESS DEMAND FOR GEOTHERMAL ENERGY SYSTEMS
  • FIGURE 4 GEOTHERMAL ENERGY MARKET: REGION-WISE ANALYSIS
  • FIGURE 5 GEOTHERMAL ENERGY MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 6 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF GEOTHERMAL ENERGY SYSTEMS
  • FIGURE 7 BINARY CYCLE PLANTS TO BE LEADING TECHNOLOGY IN GEOTHERMAL ENERGY MARKET
  • FIGURE 8 MEDIUM TEMPERATURE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 9 POWER GENERATION SEGMENT TO DOMINATE GEOTHERMAL ENERGY MARKET IN 2025 AND 2030
  • FIGURE 10 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF GEOTHERMAL ENERGY MARKET BETWEEN 2025 AND 2030
  • FIGURE 11 FAVORABLE RENEWABLE ENERGY POLICIES TO DRIVE GEOTHERMAL ENERGY MARKET DURING FORECAST PERIOD
  • FIGURE 12 SOUTH AMERICAN GEOTHERMAL ENERGY MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 13 BINARY CYCLE PLANTS SEGMENT DOMINATED GEOTHERMAL ENERGY MARKET IN 2024
  • FIGURE 14 MEDIUM TEMPERATURE SEGMENT ACCOUNTED FOR LARGEST SHARE OF GEOTHERMAL ENERGY MARKET IN 2024
  • FIGURE 15 POWER GENERATION SEGMENT HELD LARGEST SHARE OF GEOTHERMAL ENERGY MARKET IN 2024
  • FIGURE 16 GEOTHERMAL ENERGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 17 US: PRIMARY CONSUMPTION OF GEOTHERMAL ENERGY, 2010-2023
  • FIGURE 18 US: SHARE OF TOTAL GEOTHERMAL ELECTRICITY GENERATION, BY STATE, 2023
  • FIGURE 19 INSTALLED ELECTRICITY CAPACITY WORLDWIDE, BY SOURCE (2022)
  • FIGURE 20 REVENUE SHIFTS FOR GEOTHERMAL ENERGY SYSTEM PROVIDERS
  • FIGURE 21 ECOSYSTEM ANALYSIS: GEOTHERMAL ENERGY MARKET
  • FIGURE 22 SUPPLY CHAIN ANALYSIS: GEOTHERMAL COMBINED HEAT AND POWER GENERATION
  • FIGURE 23 SUPPLY CHAIN ANALYSIS: GEOTHERMAL ENERGY MARKET - GROUND SOURCE/GEOTHERMAL HEAT PUMPS
  • FIGURE 24 GEOTHERMAL ENERGY MARKET: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 25 EXPORT SCENARIO FOR HS CODE 840681, 2020-2024 (USD THOUSAND)
  • FIGURE 26 IMPORT SCENARIO FOR HS CODE 840681, 2020-2024 (USD THOUSAND)
  • FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
  • FIGURE 28 KEY BUYING CRITERIA FOR END USERS
  • FIGURE 29 AVERAGE CAPEX OF DIFFERENT TYPES OF GEOTHERMAL POWER PLANTS, BY REGION
  • FIGURE 30 IMPACT OF GEN AI/AI ON GEOTHERMAL ENERGY MARKET, BY APPLICATION
  • FIGURE 31 GEOTHERMAL ENERGY MARKET, BY APPLICATION
  • FIGURE 32 GEOTHERMAL ENERGY MARKET, BY TECHNOLOGY
  • FIGURE 33 GEOTHERMAL ENERGY MARKET, BY TEMPERATURE
  • FIGURE 34 GEOTHERMAL ENERGY MARKET IN SOUTH AMERICA TO GROW AT HIGHEST CAGR FROM 2025 TO 2030
  • FIGURE 35 GEOTHERMAL ENERGY MARKET SHARE, IN TERMS OF VALUE, BY REGION, 2024 (%)
  • FIGURE 36 ASIA PACIFIC: GEOTHERMAL ENERGY MARKET SNAPSHOT
  • FIGURE 37 EUROPE: GEOTHERMAL ENERGY MARKET SNAPSHOT
  • FIGURE 38 GEOTHERMAL ENERGY MARKET FOR SURFACE PLANT EQUIPMENT AND SERVICES: MARKET SHARE ANALYSIS, 2024
  • FIGURE 39 GEOTHERMAL ENERGY MARKET FOR SUB-SURFACE EQUIPMENT AND SERVICES: MARKET SHARE ANALYSIS, 2024
  • FIGURE 40 GEOTHERMAL ENERGY MARKET FOR GROUND SOURCE/GEOTHERMAL HEAT PUMPS: MARKET SHARE ANALYSIS, 2024
  • FIGURE 41 REVENUE OF TOP PLAYERS IN GEOTHERMAL ENERGY MARKET FROM 2020 TO 2024
  • FIGURE 42 FINANCIAL METRICS
  • FIGURE 43 BRAND/PRODUCT COMPARISON
  • FIGURE 44 COMPETITIVE LEADERSHIP MAPPING: GEOTHERMAL ENERGY MARKET, 2024
  • FIGURE 45 GEOTHERMAL ENERGY MARKET: STARTUP/SME EVALUATION QUADRANT, 2024
  • FIGURE 46 ORMAT: COMPANY SNAPSHOT
  • FIGURE 47 MITSUBISHI HEAVY INDUSTRIES LTD.: COMPANY SNAPSHOT
  • FIGURE 48 GE VERNOVA: COMPANY SNAPSHOT
  • FIGURE 49 FUJI ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 50 SIEMENS AG: COMPANY SNAPSHOT
  • FIGURE 51 BAKER HUGHES COMPANY: COMPANY SNAPSHOT
  • FIGURE 52 SLB: COMPANY SNAPSHOT
  • FIGURE 53 HALLIBURTON: COMPANY SNAPSHOT
  • FIGURE 54 NOV: COMPANY SNAPSHOT
  • FIGURE 55 WEATHERFORD: COMPANY SNAPSHOT
  • FIGURE 56 NIBE GROUP: COMPANY SNAPSHOT
  • FIGURE 57 CARRIER GLOBAL CORPORATION: COMPANY SNAPSHOT