Press release
Geothermal Electricity Market Outlook, COVID-19 Analysis, Growing Demand And Competitive Trends, 2021-2025
The global geothermal electricity market is expected to grow from $1947.2 billion in 2020 to $2078.17 billion in 2021 at a compound annual growth rate (CAGR) of 6.7%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2762.29 billion in 2025 at a CAGR of 7%.
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The geothermal electric power generation market consists of sales of geothermal electric power and related services. Geothermal energy is derived using the earth's internal heat energy to generate steam through a series of wells and is fed to the power plant to generate electricity.
Some of the key players involved in the geothermal electricity market are Calpine Corp, Comision Federal de, Energy Development Corp., Electricadad (CFE) Enel SpA, Chevron Corporation, COMISION FEDERAL DE ELECTRICADAD (CFE), ENEL SPA, U.S. Geothermal Inc., KenGen.
The countries covered in the global geothermal electricity market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global geothermal electricity market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Geothermal Electricity Market Segmentation:
1) By Type: Back Pressure, Binary, Double Flash, Dry Steam, Single Flash, Triple Flash
2) By End-User: Dry Steam Power Stations, Flash Steam Power Stations, Binary Cycle Power Station
3) By Application: Residential, Commercial, Industrial, Others
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A Few Points From The Table Of Contents
1. Executive Summary
2. Geothermal Electricity Market Characteristics
3. Geothermal Electricity Market Trends And Strategies
4. Impact Of COVID-19 On Geothermal Electricity
5. Geothermal Electricity Market Size And Growth
……
27. Geothermal Electricity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Geothermal Electricity Market
29. Geothermal Electricity Market Future Outlook and Potential Analysis
30. Appendix
The report covers the trends and market dynamics of the geothermal electricity market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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