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Geothermal Energy Global Market Report 2025
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Global Geothermal Energy Market Report 2025

Report Price : $4490.00

Pages : 175

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Geothermal Energy Global Market Report 2025

By Technology (Binary Cycle Plants, Flash Steam Plants, Dry Steam Plants, Ground Source Heat Pumps, Direct Systems, Other Technologies), By Application (Power Generation, Residential Heating And Cooling, Commercial Heating And Cooling), By End Use (Industrial, Residential, Commercial) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Geothermal Energy Market Overview

• Geothermal Energy market size has reached to $6.18 billion in 2024

• Expected to grow to $8.27 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%

• Growth Driver: Driving Growth In The Geothermal Energy Market Through Investments

• Market Trend: Strategic Partnerships Driving Geothermal Energy Solutions

• Asia-Pacific was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Geothermal Energy Market?

Geothermal energy is thermal energy from the Earth's internal heat, mainly generated by the planet's formation and radioactive decay processes. This heat is stored in different reservoirs within the Earth's crust and can be used for heat and electricity generation. Geothermal resources encompass hot water and steam at various depths and temperatures beneath the Earth's surface.

The main types of technologies in geothermal energy are binary cycle plants, flash steam plants, dry steam plants, ground-source heat pumps, direct systems, and others. Binary-cycle plants are a type of geothermal power plant that uses two separate fluid cycles to generate electrical power from geothermal resources. These are used for various applications, including Power Generation, Residential heating and cooling, and commercial heating and cooling, and end users are industrial, residential, and commercial.

Geothermal Energy Market Size and growth rate 2025 to 2029: Graph

What Is The Geothermal Energy Market Size 2025 And Growth Rate?

The geothermal energy market size has grown strongly in recent years. It will grow from $6.18 billion in 2024 to $6.6 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to early exploration and development, government incentives and policies, environmental concerns, international cooperation, geopolitical factors.

What Is The Geothermal Energy Market Growth Forecast?

The geothermal energy market size is expected to see strong growth in the next few years. It will grow to $8.27 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to climate change mitigation, electrification of transportation, geothermal heating and cooling, urbanization and industrialization. Major trends in the forecast period include expansion of enhanced geothermal systems, hybrid geothermal systems, geothermal district heating and cooling, decentralization of geothermal power.

The forecast of 5.8% growth over the next five years reflects a sligth reduction of 0.2% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through delayed adoption of renewable energy projects, as tariffs on specialized drilling equipment and heat exchangers from Germany and Canada raise capital costs for geothermal plants. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Electrical and Electronics Industry?

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

How Is The Geothermal Energy Market Segmented?

The geothermal energy market covered in this report is segmented –

1) By Technology: Binary Cycle Plants, Flash Steam Plants, Dry Steam Plants, Ground Source Heat Pumps, Direct Systems, Other Technologies

2) By Application: Power Generation, Residential Heating And Cooling, Commercial Heating And Cooling

3) By End Use: Industrial, Residential, Commercial

Subsegments:

1) By Binary Cycle Plants: Organic Rankine Cycle (ORC) Systems, Dual-Flash Binary Cycle Systems, Other Binary Cycle Technologies

2) By Flash Steam Plants: Single-Flash Steam Systems, Double-Flash Steam Systems

3) By Dry Steam Plants: Conventional Dry Steam Systems, Enhanced Dry Steam Systems

3) By Ground Source Heat Pumps: Closed-Loop Ground Source Heat Pumps, Open-Loop Ground Source Heat Pumps

4) By Direct Systems: Direct Use Applications (Heating And Cooling), District Heating Systems

5) By Other Technologies: Enhanced Geothermal Systems (EGS), Hybrid Systems (Geothermal + Other Renewable Energy), Other Emerging Geothermal Technologies

What Is Driving The Geothermal Energy Market? Driving Growth In The Geothermal Energy Market Through Investments

The rising investments in the renewable energy sector are expected to propel the growth of the geothermal energy market going forward. Investments in renewable energy refer to financial commitments made towards developing, deploying, and utilizing sustainable energy sources such as solar, wind, hydroelectric, geothermal, and biomass. It arises due to climate change concerns, advancements in renewable energy technologies, improved efficiency, and lowered costs. Investments are used in geothermal energy to drive various aspects of project development and deployment and harness geothermal resources for sustainable energy production plant construction, operation, and maintenance. For instance, in July 2022, according to reports published by the World Economic Forum, a Switzerland-based non-governmental organization, global energy investment has been growing steadily, averaging a 12% annual increase since 2020, and IT is projected to rise by over 8% in 2022, reaching $2.4 trillion. Furthermore, according to the Institute for Energy Economics & Financial Analysis, a US-based nonprofit organization, investments in solar power generation totaled approximately $500 billion in 2022, up $80 billion from the previous year. Therefore, rising investments in the renewable energy sector are driving the growth of the geothermal energy market.

Who Are The Major Players In The Global Geothermal Energy Market?

Major companies operating in the geothermal energy market are Berkshire Hathaway Energy, Chevron Corporation, Mitsubishi Corporation, Enel Group, Engie SA, Siemens AG, General Electric Group, KEPCO Group, PT. Pertamina Geothermal Energy, Asea Brown Boveri Ltd., Toshiba International Corporation, Calpine Corporation, Tetra Tech Inc., Aboitiz Power Corporation, First Gen Corporation, Ormat Technologies, Energy Development Corporation, EthosEnergy Group, Therma Source LLC, Sarulla Operations Ltd., Turboden S.P.A., Terra-Green Power LLC, Gradient Resources, ElectraTherm, Reykjavik Geothermal

What Are The Key Trends Of The Global Geothermal Energy Market? Strategic Partnerships Driving Geothermal Energy Solutions

Major companies operating in the geothermal energy market are adopting a strategic partnership approach to provide geothermal energy solutions. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in April 2022, Robinson Oil Corporation, a US-based private-label fuel retailer, partnered with Dandelion Energy, a US-based geothermal heating manufacturer and supplier, to provide homeowners with sustainable and cost-effective geothermal energy. This partnership aims to provide homeowners with sustainable and cost-effective geothermal heating and cooling solutions, allowing Robison to offer its customers the best-in-class geothermal technology while maintaining its reputation as a trusted home comfort company. It aims to provide homeowners in the region with a more environmentally friendly alternative to traditional heating and cooling systems. Additionally, the partnership highlights the increasing demand for geothermal solutions as homeowners and governments look to incentivize the adoption of renewable energy technologies.

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What Are Latest Mergers And Acquisitions In The Geothermal Energy Market? Gaia Energy Ltd. Acquires Aardyn BV To Accelerate Geothermal Expansion Plans

In October 2023, Gaia Energy Ltd., an Italy-based renewable energy and green hydrogen developer, acquired Aardyn BV for an undisclosed amount. This acquisition aims to accelerate Gaia Energy's ambition to realize a geothermal potential of 500 MW across more than 25 projects and expand and construct new geothermal resources, leveraging both companies' combined expertise and portfolio. Aardyn BV is a Netherlands-based developer and producer of geothermal energy.

What Is The Regional Outlook For The Global Geothermal Energy Market?

Asia-Pacific was the largest region in the geothermal energy market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the geothermal energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the geothermal energy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Geothermal Energy Market?

The geothermal energy market consists of revenues earned by entities by providing services such as electricity generation, industrial processes, greenhouse heating, and district heating. The market value includes the value of related goods sold by the service provider or included within the service offering. The geothermal energy market also includes of sales of geo-exchange systems, drilling equipment, geothermal power tools, geothermal heat pumps, and monitoring and control systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Geothermal Energy Industry?

The geothermal energy market research report is one of a series of new reports from The Business Research Company that provides geothermal energy market statistics, including geothermal energy industry global market size, regional shares, competitors with a geothermal energy market share, detailed geothermal energy market segments, market trends and opportunities, and any further data you may need to thrive in the geothermal energy industry. This geothermal energy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Geothermal Energy Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $6.6 billion
Revenue Forecast In 2034 $8.27 billion
Growth Rate CAGR of 5.8% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Technology: Binary Cycle Plants, Flash Steam Plants, Dry Steam Plants, Ground Source Heat Pumps, Direct Systems, Other Technologies
2) By Application: Power Generation, Residential Heating And Cooling, Commercial Heating And Cooling
3) By End Use: Industrial, Residential, Commercial Subsegments: 1) By Binary Cycle Plants: Organic Rankine Cycle (ORC) Systems, Dual-Flash Binary Cycle Systems, Other Binary Cycle Technologies
2) By Flash Steam Plants: Single-Flash Steam Systems, Double-Flash Steam Systems
3) By Dry Steam Plants: Conventional Dry Steam Systems, Enhanced Dry Steam Systems
3) By Ground Source Heat Pumps: Closed-Loop Ground Source Heat Pumps, Open-Loop Ground Source Heat Pumps
4) By Direct Systems: Direct Use Applications (Heating And Cooling), District Heating Systems
5) By Other Technologies: Enhanced Geothermal Systems (EGS), Hybrid Systems (Geothermal + Other Renewable Energy), Other Emerging Geothermal Technologies
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Berkshire Hathaway Energy, Chevron Corporation, Mitsubishi Corporation, Enel Group, Engie SA, Siemens AG, General Electric Group, KEPCO Group, PT. Pertamina Geothermal Energy, Asea Brown Boveri Ltd, Toshiba International Corporation, Calpine Corporation, Tetra Tech Inc, Aboitiz Power Corporation, First Gen Corporation, Ormat Technologies, Energy Development Corporation, EthosEnergy Group, Therma Source LLC, Sarulla Operations Ltd, Turboden S.P.A., Terra-Green Power LLC, Gradient Resources, ElectraTherm, Reykjavik Geothermal
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

Table Of Contents

1. Executive Summary

2. Geothermal Energy Market Characteristics

3. Geothermal Energy Market Trends And Strategies

4. Geothermal Energy Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Geothermal Energy Growth Analysis And Strategic Analysis Framework

5.1. Global Geothermal Energy PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Geothermal Energy Market Growth Rate Analysis

5.4. Global Geothermal Energy Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Geothermal Energy Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Geothermal Energy Total Addressable Market (TAM)

6. Geothermal Energy Market Segmentation

6.1. Global Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Binary Cycle Plants

Flash Steam Plants

Dry Steam Plants

Ground Source Heat Pumps

Direct Systems

Other Technologies

6.2. Global Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Power Generation

Residential Heating And Cooling

Commercial Heating And Cooling

6.3. Global Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Industrial

Residential

Commercial

6.4. Global Geothermal Energy Market, Sub-Segmentation Of Binary Cycle Plants, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Organic Rankine Cycle (ORC) Systems

Dual-Flash Binary Cycle Systems

Other Binary Cycle Technologies

6.5. Global Geothermal Energy Market, Sub-Segmentation Of Flash Steam Plants, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Single-Flash Steam Systems

Double-Flash Steam Systems

6.6. Global Geothermal Energy Market, Sub-Segmentation Of Dry Steam Plants, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Conventional Dry Steam Systems

Enhanced Dry Steam Systems

6.7. Global Geothermal Energy Market, Sub-Segmentation Of Ground Source Heat Pumps, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Closed-Loop Ground Source Heat Pumps

Open-Loop Ground Source Heat Pumps

6.8. Global Geothermal Energy Market, Sub-Segmentation Of Direct Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Direct Use Applications (Heating And Cooling)

District Heating Systems

6.9. Global Geothermal Energy Market, Sub-Segmentation Of Other Technologies, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Enhanced Geothermal Systems (EGS)

Hybrid Systems (Geothermal + Other Renewable Energy)

Other Emerging Geothermal Technologies

7. Geothermal Energy Market Regional And Country Analysis

7.1. Global Geothermal Energy Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Geothermal Energy Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Geothermal Energy Market

8.1. Asia-Pacific Geothermal Energy Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Geothermal Energy Market

9.1. China Geothermal Energy Market Overview

9.2. China Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Geothermal Energy Market

10.1. India Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Geothermal Energy Market

11.1. Japan Geothermal Energy Market Overview

11.2. Japan Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Geothermal Energy Market

12.1. Australia Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Geothermal Energy Market

13.1. Indonesia Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Geothermal Energy Market

14.1. South Korea Geothermal Energy Market Overview

14.2. South Korea Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Geothermal Energy Market

15.1. Western Europe Geothermal Energy Market Overview

15.2. Western Europe Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Geothermal Energy Market

16.1. UK Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Geothermal Energy Market

17.1. Germany Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Geothermal Energy Market

18.1. France Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Geothermal Energy Market

19.1. Italy Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Geothermal Energy Market

20.1. Spain Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Geothermal Energy Market

21.1. Eastern Europe Geothermal Energy Market Overview

21.2. Eastern Europe Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Geothermal Energy Market

22.1. Russia Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Geothermal Energy Market

23.1. North America Geothermal Energy Market Overview

23.2. North America Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Geothermal Energy Market

24.1. USA Geothermal Energy Market Overview

24.2. USA Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Geothermal Energy Market

25.1. Canada Geothermal Energy Market Overview

25.2. Canada Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Geothermal Energy Market

26.1. South America Geothermal Energy Market Overview

26.2. South America Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Geothermal Energy Market

27.1. Brazil Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Geothermal Energy Market

28.1. Middle East Geothermal Energy Market Overview

28.2. Middle East Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Geothermal Energy Market

29.1. Africa Geothermal Energy Market Overview

29.2. Africa Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Geothermal Energy Market Competitive Landscape And Company Profiles

30.1. Geothermal Energy Market Competitive Landscape

30.2. Geothermal Energy Market Company Profiles

30.2.1. Berkshire Hathaway Energy Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Chevron Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Mitsubishi Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Enel Group Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Engie SA Overview, Products and Services, Strategy and Financial Analysis

31. Geothermal Energy Market Other Major And Innovative Companies

31.1. Siemens AG

31.2. General Electric Group

31.3. KEPCO Group

31.4. PT. Pertamina Geothermal Energy

31.5. Asea Brown Boveri Ltd

31.6. Toshiba International Corporation

31.7. Calpine Corporation

31.8. Tetra Tech Inc

31.9. Aboitiz Power Corporation

31.10. First Gen Corporation

31.11. Ormat Technologies

31.12. Energy Development Corporation

31.13. EthosEnergy Group

31.14. Therma Source LLC

31.15. Sarulla Operations Ltd

32. Global Geothermal Energy Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Geothermal Energy Market

34. Recent Developments In The Geothermal Energy Market

35. Geothermal Energy Market High Potential Countries, Segments and Strategies

35.1 Geothermal Energy Market In 2029 - Countries Offering Most New Opportunities

35.2 Geothermal Energy Market In 2029 - Segments Offering Most New Opportunities

35.3 Geothermal Energy Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Geothermal Energy Market, Sub-Segmentation Of Binary Cycle Plants, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Geothermal Energy Market, Sub-Segmentation Of Flash Steam Plants, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Geothermal Energy Market, Sub-Segmentation Of Dry Steam Plants, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Geothermal Energy Market, Sub-Segmentation Of Ground Source Heat Pumps, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Geothermal Energy Market, Sub-Segmentation Of Direct Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Geothermal Energy Market, Sub-Segmentation Of Other Technologies, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Global Geothermal Energy Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Global Geothermal Energy Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: Asia-Pacific, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: Asia-Pacific, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: China, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: China, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: India, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: India, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Japan, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Japan, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Australia, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Australia, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: Indonesia, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: Indonesia, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: South Korea, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: South Korea, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: Western Europe, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: Western Europe, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: UK, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: UK, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: Germany, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: Germany, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: France, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: France, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Italy, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Italy, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Spain, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Spain, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Eastern Europe, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Eastern Europe, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: Russia, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: Russia, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: North America, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: North America, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: USA, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: USA, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: Canada, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: Canada, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: South America, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: South America, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Brazil, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Brazil, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Middle East, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Middle East, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Africa, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 79: Africa, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 80: Berkshire Hathaway Energy Financial Performance
  • Table 81: Chevron Corporation Financial Performance
  • Table 82: Mitsubishi Corporation Financial Performance
  • Table 83: Enel Group Financial Performance
  • Table 84: Engie SA Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Geothermal Energy Market, Sub-Segmentation Of Binary Cycle Plants, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Geothermal Energy Market, Sub-Segmentation Of Flash Steam Plants, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Geothermal Energy Market, Sub-Segmentation Of Dry Steam Plants, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Geothermal Energy Market, Sub-Segmentation Of Ground Source Heat Pumps, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Geothermal Energy Market, Sub-Segmentation Of Direct Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Geothermal Energy Market, Sub-Segmentation Of Other Technologies, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Global Geothermal Energy Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Global Geothermal Energy Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: Asia-Pacific, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: Asia-Pacific, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: China, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: China, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: India, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: India, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Japan, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Japan, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Australia, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Australia, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: Indonesia, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: Indonesia, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: South Korea, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: South Korea, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: Western Europe, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: Western Europe, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: UK, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: UK, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: Germany, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: Germany, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: France, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: France, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Italy, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Italy, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Spain, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Spain, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Eastern Europe, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Eastern Europe, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: Russia, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: Russia, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: North America, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: North America, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: USA, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: USA, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: Canada, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: Canada, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: South America, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: South America, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Brazil, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Brazil, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Middle East, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Middle East, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Geothermal Energy Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Africa, Geothermal Energy Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 79: Africa, Geothermal Energy Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 80: Berkshire Hathaway Energy Financial Performance
  • Figure 81: Chevron Corporation Financial Performance
  • Figure 82: Mitsubishi Corporation Financial Performance
  • Figure 83: Enel Group Financial Performance
  • Figure 84: Engie SA Financial Performance

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Frequently Asked Questions

Geothermal energy is thermal energy from the Earth's internal heat, mainly generated by the planet's formation and radioactive decay processes. This heat is stored in different reservoirs within the Earth's crust and can be used for heat and electricity generation. Geothermal resources encompass hot water and steam at various depths and temperatures beneath the Earth's surface. For further insights on this market, request a sample here

The market major growth driver - Driving Growth In The Geothermal Energy Market Through Investments. For further insights on this market, request a sample here

The geothermal energy market size has grown strongly in recent years. It will grow from $6.18 billion in 2024 to $6.6 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to early exploration and development, government incentives and policies, environmental concerns, international cooperation, geopolitical factors. The geothermal energy market size is expected to see strong growth in the next few years. It will grow to $8.27 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to climate change mitigation, electrification of transportation, geothermal heating and cooling, urbanization and industrialization. Major trends in the forecast period include expansion of enhanced geothermal systems, hybrid geothermal systems, geothermal district heating and cooling, decentralization of geothermal power. For further insights on this market, request a sample here

The geothermal energy market covered in this report is segmented –
1) By Technology: Binary Cycle Plants, Flash Steam Plants, Dry Steam Plants, Ground Source Heat Pumps, Direct Systems, Other Technologies
2) By Application: Power Generation, Residential Heating And Cooling, Commercial Heating And Cooling
3) By End Use: Industrial, Residential, Commercial Subsegments:
1) By Binary Cycle Plants: Organic Rankine Cycle (ORC) Systems, Dual-Flash Binary Cycle Systems, Other Binary Cycle Technologies
2) By Flash Steam Plants: Single-Flash Steam Systems, Double-Flash Steam Systems
3) By Dry Steam Plants: Conventional Dry Steam Systems, Enhanced Dry Steam Systems
3) By Ground Source Heat Pumps: Closed-Loop Ground Source Heat Pumps, Open-Loop Ground Source Heat Pumps
4) By Direct Systems: Direct Use Applications (Heating And Cooling), District Heating Systems
5) By Other Technologies: Enhanced Geothermal Systems (EGS), Hybrid Systems (Geothermal + Other Renewable Energy), Other Emerging Geothermal Technologies For further insights on this market, request a sample here

Asia-Pacific was the largest region in the geothermal energy market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the geothermal energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Major companies operating in the geothermal energy market are Berkshire Hathaway Energy, Chevron Corporation, Mitsubishi Corporation, Enel Group, Engie SA, Siemens AG, General Electric Group, KEPCO Group, PT. Pertamina Geothermal Energy, Asea Brown Boveri Ltd., Toshiba International Corporation, Calpine Corporation, Tetra Tech Inc., Aboitiz Power Corporation, First Gen Corporation, Ormat Technologies, Energy Development Corporation, EthosEnergy Group, Therma Source LLC, Sarulla Operations Ltd., Turboden S.P.A., Terra-Green Power LLC, Gradient Resources, ElectraTherm, Reykjavik Geothermal. For further insights on this market, request a sample here.

Major trends in this market include Strategic Partnerships Driving Geothermal Energy Solutions. For further insights on this market, request a sample here.

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Global Geothermal Energy Market Report 2025

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