Press release
Geothermal Energy Market 2020: Fundamental Analysis By Top Key Players Toshiba, Fuji Electric, Ansaldo Energia, Turboden, Chevron, Haliburton, GE
Geothermal Energy Market
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Leading Key Players in Geothermal Energy Market are: Ormat, Terra Gen, Mitsubishi heavy industry, Toshiba, Fuji Electric, Ansaldo Energia, Turboden, U.S. Geothermal, Exergy, Chevron, Haliburton, Reykjavik geothermal, Enel Green Power, Calpine, General Electric
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. Also, the high demand for heating and cooling systems is likely to significantly stimulate Germany geothermal energy industry. Such favorable initiations undertaken by the countries such as Germany, France, Spain, and UK will undeniably influence Europe geothermal energy industry.
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Apart from the European countries, U.S., which is one of the prominent regional contributors toward renewable energy industry in North America, has been rapidly making inroads into geothermal energy market. Taking into account the increasing adoption rate of geothermal resources for the purpose of power generation across the U.S., the government has been promoting the deployment of technological advancements and innovative projects to accelerate energy saving capability of electric grids. Recently, U.S. DOE's (Department of Energy) Advanced Research Projects Agency-Energy (ARPA-E) announced a funding of USD 30 million for 21 new innovative projects. Growing clean electric energy demand across this region is slated to enhance U.S. geothermal energy market, which exceeded a capacity of 2 GW in 2016.
The organizations such as National Renewable Energy Laboratories (NREL) have been continuously involved in research and development activities pertaining to various advanced geothermal technologies. To improve the production efficiency of geothermal electric power plants, the NREL has developed an advanced condensing technology that helps geothermal electric plants to generate electricity with high efficiency and lower cost. In the United States, geothermal reservoirs of hot water situated in the western states of Hawaii, and Alaska are used to generate electricity, which will fuel the regional geothermal energy market size over the years ahead.
Table of Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definitions and forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Geothermal Energy industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Regional trends
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