Infinium Global Research has added a new report on Geothermal
Energy Market. The report presents analysis of global as well as
regional markets of geothermal energy market over the period of 2016 to 2024.
Geothermal energy is a form of energy in which heat energy
within the earth is captured and harnessed for electrical power generation,
cooking, and other uses. The geothermal energy of the Earth's crust originates
from the original formation of the globe and from radioactive decay of
materials such as potassium, thorium, and uranium in Earth’s crust. Geothermal
power is cost-effective, reliable, sustainable, and environmentally friendly
source of power. The estimated energy that can be recovered and utilized on the
surface is 1.4 × 106 terawatt-years.
Increasing electricity security concern owing to the clean and
eco-friendly resources are driving the growth of the geothermal energy market.
In addition, increasing demand for heating and cooling systems including ground
source heat pump and district heating are estimated to fuel the growth of the
geothermal energy market. However, potential emissions, surface instability,
and high capital cost required for building a plant are likely to hamper the
growth of the geothermal energy market during the forecast period. Furthermore,
government-undertaken initiatives such as financial benefits and tax refunds to
promote sustainable energy production are estimated to generate numerous growth
opportunities for the geothermal energy market over the upcoming years.
Among the geographies, North America dominated the geothermal
energy market in 2017. U.S is the key region driving the growth in the North
America geothermal energy market owing to increasing clean electricity demand
coupled with growing emission reduction measures. Moreover, rising demand for
cooling and heating systems coupled with increasing investments towards the
development of green building infrastructure will positively affect the Germany
geothermal energy market. Moreover, growing electricity demand in China and
India coupled with increasing government intervention to produce electricity
through renewable resources is likely to further enhance the market growth in
the Asia Pacific region. Moreover, the growth matrix presented by Infinium Global
Research identifies the key investment markets in the near future, this will
not only help the companies to understand the competitive position in the
global geothermal energy market but also make strategic decisions to capture
the most lucrative markets in the near future.
The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that North America dominated the
global geothermal energy market over the last couple of years, while emerging
markets of Asia-Pacific and Latin America are anticipated to contribute
significantly to the growth in the geothermal energy market worldwide. The
report segments the global geothermal energy market on the basis of Types and
Applications.
Global Geothermal Energy Market by Types
·
Binary Plants
·
Direct Dry Steam Plants
·
Flash Plants
·
Others(Combined Cycle Or Hybrid Cycle)
Global Geothermal Energy Market by Applications
·
Domestic
·
Tertiary Uses
·
District Heating Networks
·
Power Production
·
Heat Production (via Heat Pumps Or By
Direct Heat Exchange)
Companies Profiled in the Report
·
Calpine
·
Ormat Technologies Inc.
·
U.S. Geothermal Inc.
·
Terra-Gen Power LLC
·
Chevron Corp.
·
Berkshire Hathaway Inc.
·
Enel Green Power North America Inc.
·
Gradient Resources
·
Toshiba International Corp.
·
EthosEnergy Group
·
ThermaSource LLC
About Infinium Global Research
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