Press release
Geothermal Energy Market Global Industry Share, Growth, Competitive Analysis and Forecast 2019-2024
Geothermal Energy Market
Pertaining to the depleting fossil fuels sources along with increasing rate of greenhouse gas emissions, the governments of various countries are mandating the use of renewable energy sources. Various European countries have deployed strict rules and regulations to reduce the carbon foot prints. Germany for instance, aims to minimizing greenhouse gas emissions by 40% up to 2020 and is heavily investing in green building infrastructure development.
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NREL experts are focusing on the evaluation of technical and economical benefits of combining geothermal systems with other renewable and fossil energy technologies. The trends of geothermal-solar and geothermal-oil & gas combinations for energy saving and cost effectiveness are on the rise. Companies have also been investing heavily to utilize value added commercial opportunities like mineral recovery and water desalination. Mineral recovery in fact, is highly beneficial for the geothermal plant owner in terms of revenue and scaling, as geothermal sources are potentially important sources of valuable metals and minerals. Furthermore, increasing consumer demand for clean energy technologies and shifting trends toward the usage of electric vehicles will also generate huge opportunities for the players in geothermal energy market.
The prominent giants in geothermal energy industry include Fuji Electric, Mitsubishi heavy industry, General Electric, Terra-Gen, Chevron, Toshiba, Ormat Technologies, Enel Green Power corp., U.S. Geothermal, Ansaldo Energia, Reykjavik geothermal, TAS Energy, and Turboden.
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The Japan based Idemitsu Kosan had recently commenced the Takigami binary geothermal power plant of 5 MW capacity under the tag of their subsidiary, Idemitsu Oita Geothermal Co., Ltd. - a move that may have a favorable impact on binary geothermal energy industry, slated to register an annual growth rate of more than 9% over the coming seven years, pertaining to the cost-effectiveness of the technology. Estimates claim Japan to own around 10% of the world's geothermal resources, which in itself is an evidence that the region is a fairly profitable avenue for geothermal energy market. Favorable initiation taken by the Japanese government to promote renewable energy will propel Japan geothermal energy market, which will record a CAGR of more than 8% over the period of 2017-2024.
Partial Table of Contents (ToC) of the report:
Chapter 4. Geothermal Energy Market, By Technology
4.1. Global market share by technology, 2016 & 2024
4.2. Binary
4.2.1. Binary market, 2013 - 2024
4.2.2. Binary market volume by region, 2013 - 2024
4.2.3. Binary market revenue by region, 2013 - 2024
4.3. Single Flash
4.3.1. Single flash market, 2013 - 2024
4.3.2. Single flash market volume by region, 2013 - 2024
4.3.3. Single flash market revenue by region, 2013 - 2024
4.4. Double Flash
4.4.1. Double flash mounted market, 2013 - 2024
4.4.2. Double flash market volume by region, 2013 - 2024
4.4.3. Double flash market revenue by region, 2013 - 2024
4.5. Triple Flash
4.5.1. Double flash mounted market, 2013 - 2024
4.5.2. Double flash market volume by region, 2013 - 2024
4.5.3. Double flash market revenue by region, 2013 - 2024
4.6. Dry
4.6.1. Dry market, 2013 - 2024
4.6.2. Dry market volume by region, 2013 - 2024
4.6.3. Dry market revenue by region, 2013 - 2024
4.7. Back Pressure
4.7.1. Back Pressure mounted market, 2013 - 2024
4.7.2. Back Pressure market volume by region, 2013 - 2024
4.7.3. Back Pressure market revenue by region, 2013 - 2024
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/geothermal-energy-market
Geothermal energy market is certain to be heavily impelled by the numerous ongoing research activities that focus on increased efficiency in energy harnessing process coupled with cost-effectiveness. These R&D programs are also expected to generate lucrative opportunities for the players in geothermal energy market. A research report compiled by Global Market Insights, Inc., expounds the importance of this business sphere, claiming geothermal energy market size to surpass USD 57 billion by the end of 2024.
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Arun Hegde
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Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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