Geothermal Power Generation Market to Surpass USD 44.61 Billion by 2031, Expanding at a 6.7% CAGR from 2025 to 2031

LOS ANGELES, United States: The factual, unbiased, and thorough assessment of the global Geothermal Power Generation market presented in the report assures players of access to much-needed information and data to plan effective growth strategies. The report has made a brilliant attempt to provide a comprehensive research study on industry value chain, major companies, deployment models, and key opportunities, drivers, and restraints of the global Geothermal Power Generation market. It shows how the global Geothermal Power Generation market will advance or lack growth during each year of the forecast period.

The global Geothermal Power Generation market was valued at US$ 28510 million in 2024 and is anticipated to reach US$ 44610 million by 2031, witnessing a CAGR of 6.7% during the forecast period 2025-2031.

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Global core geothermal power generation manufacturers include Energy Development, Comisión Federal de Electricidad etc.The top 3 companies hold a share about 20%.Asia Pacific is the largest market, with a share about 36%, followed by North America and Europe with the share about 30% and 12%.

Vendor Landscape Analysis

The competitive landscape of the global Geothermal Power Generation market is extensively researched in the report. The analysts have largely concentrated on company profiling of major players and also on competitive trends. All of the companies studied in the report are profiled on the basis of production, revenue, growth rate, markets served, areas served, market share, and market growth. The report will help readers to study significant changes in market competition, the level of competition, and factors impacting future market competition.

Details of Geothermal Power Generation Market Segmentation: -

Segment by Key Manufacturers:

Energy Development
Comisión Federal de Electricidad
Ormat
Enel Green Power
Calpine
KenGen
Pertamina Geothermal Energy
Contact Energy
Orkuveita Reykjavikur
Star Energy Ltd
Berkshire Hathaway Energy
Northern California Power Agency
HS Orka
Cyrq Energy

Segment by Type

Dry Steam Stations
Flash Steam Power Stations
Binary Cycle Stations

Segment by Application

Residential
Industrial
Others

The report offers deep insights into leading segments of the global Geothermal Power Generation market and explains key factors helping them to collect a larger share. It provides accurate growth rate and market size achieved by each segment during the forecast period. This will help players to identify lucrative segments and plan out specific strategies to gain maximum profit from them. The report also includes sales growth, revenue, and price changes observed in important segments. Most importantly, the segmental analysis equips players with useful information and data to make the best of opportunities available in different segments.

Highlights of Report

(1) Buyers of the report will have access to unique information about top 10 players of the global Geothermal Power Generation market

(2) The report informs readers about future products and technologies to be introduced in the global Geothermal Power Generation market

(3) Readers are offered with comprehensive analysis on key revenue pockets of the global Geothermal Power Generation market

(4) The report provides details about long-term and short-term strategies adopted by major players of the global Geothermal Power Generation market

(5) The authors of the report have provided demand and growth trends of the global Geothermal Power Generation market and also its segments

(6) In the geographical analysis section, the report discusses about recent market developments in different regions and countries

The report can be used by players, stakeholders, and investors since it caters to all of them in a unique fashion. It offers special analysis on various competitive scenarios to help players to better compete in the global Geothermal Power Generation market. In the competitive analysis section, it provides a detailed list of important mergers and acquisitions, collaborations, and partnerships that key players have signed when operating in the global Geothermal Power Generation market.

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Table of Content

1 Geothermal Power Generation Market Overview
1.1 Product Definition
1.2 Geothermal Power Generation by Type
1.2.1 Global Geothermal Power Generation Market Value by Type (2020-2031)
1.2.2 Dry Steam Stations
1.2.3 Flash Steam Power Stations
1.2.4 Binary Cycle Stations
1.3 Geothermal Power Generation by Application
1.3.1 Global Geothermal Power Generation Market Value by Application 2020-2031)
1.3.2 Residential
1.3.3 Industrial
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Geothermal Power Generation Revenue (2020-2031)
1.4.2 Global Geothermal Power Generation Sales (2020-2031)
1.4.3 Global Geothermal Power Generation Market Average Price (2020-2031)
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered
2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis
3 Manufacturers Competitive Analysis
3.1 Global Geothermal Power Generation Revenue by Manufacturer (2020-2025)
3.2 Global Geothermal Power Generation Sales by Manufacturer (2020-2025)
3.3 Global Geothermal Power Generation Average Price by Manufacturer (2020-2025)
3.4 Geothermal Power Generation Company Evaluation Quadrant
3.5 Industry Rank
3.5.1 Global Key Players of Geothermal Power Generation, Industry Ranking, 2023 VS 2024
3.5.2 Global Geothermal Power Generation Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.5.3 Global Geothermal Power Generation Market Concentration Rate
3.5.4 Global 5 and 10 Largest Geothermal Power Generation Players Market Share by Revenue
3.6 Geothermal Power Generation Market: Overall Company Footprint Analysis
3.6.1 Geothermal Power Generation Market: Region Footprint
3.6.2 Geothermal Power Generation Market: Company Product Type Footprint
3.6.3 Geothermal Power Generation Market: Company Product Application Footprint
3.6.4 Global Key Manufacturers of Geothermal Power Generation, Date of Enter into This Industry
3.7 Competitive Environment
3.7.1 Historical Structure of the Industry
3.7.2 Barriers of Market Entry
3.7.3 Factors of Competition
4 Manufacturers Profiles
4.1 Energy Development
4.1.1 Energy Development Geothermal Power Generation Details
4.1.2 Energy Development Geothermal Power Generation Product and Services
4.1.3 Energy Development Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.1.4 Energy Development Major Business
4.1.5 Energy Development Recent Developments/Updates
4.2 Comisión Federal de Electricidad
4.2.1 Comisión Federal de Electricidad Geothermal Power Generation Details
4.2.2 Comisión Federal de Electricidad Geothermal Power Generation Product and Services
4.2.3 Comisión Federal de Electricidad Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.2.4 Comisión Federal de Electricidad Major Business
4.2.5 Comisión Federal de Electricidad Recent Developments/Updates
4.3 Ormat
4.3.1 Ormat Geothermal Power Generation Details
4.3.2 Ormat Geothermal Power Generation Product and Services
4.3.3 Ormat Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.3.4 Ormat Major Business
4.3.5 Ormat Recent Developments/Updates
4.4 Enel Green Power
4.4.1 Enel Green Power Geothermal Power Generation Details
4.4.2 Enel Green Power Geothermal Power Generation Product and Services
4.4.3 Enel Green Power Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.4.4 Enel Green Power Major Business
4.4.5 Enel Green Power Recent Developments/Updates
4.5 Calpine
4.5.1 Calpine Geothermal Power Generation Details
4.5.2 Calpine Geothermal Power Generation Product and Services
4.5.3 Calpine Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.5.4 Calpine Major Business
4.5.5 Calpine Recent Developments/Updates
4.6 KenGen
4.6.1 KenGen Geothermal Power Generation Details
4.6.2 KenGen Geothermal Power Generation Product and Services
4.6.3 KenGen Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.6.4 KenGen Major Business
4.6.5 KenGen Recent Developments/Updates
4.7 Pertamina Geothermal Energy
4.7.1 Pertamina Geothermal Energy Geothermal Power Generation Details
4.7.2 Pertamina Geothermal Energy Geothermal Power Generation Product and Services
4.7.3 Pertamina Geothermal Energy Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.7.4 Pertamina Geothermal Energy Major Business
4.7.5 Pertamina Geothermal Energy Recent Developments/Updates
4.8 Contact Energy
4.8.1 Contact Energy Geothermal Power Generation Details
4.8.2 Contact Energy Geothermal Power Generation Product and Services
4.8.3 Contact Energy Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.8.4 Contact Energy Major Business
4.8.5 Contact Energy Recent Developments/Updates
4.9 Orkuveita Reykjavikur
4.9.1 Orkuveita Reykjavikur Geothermal Power Generation Details
4.9.2 Orkuveita Reykjavikur Geothermal Power Generation Product and Services
4.9.3 Orkuveita Reykjavikur Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.9.4 Orkuveita Reykjavikur Major Business
4.9.5 Orkuveita Reykjavikur Recent Developments/Updates
4.10 Star Energy Ltd
4.10.1 Star Energy Ltd Geothermal Power Generation Details
4.10.2 Star Energy Ltd Geothermal Power Generation Product and Services
4.10.3 Star Energy Ltd Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.10.4 Star Energy Ltd Major Business
4.10.5 Star Energy Ltd Recent Developments/Updates
4.11 Berkshire Hathaway Energy
4.11.1 Berkshire Hathaway Energy Geothermal Power Generation Details
4.11.2 Berkshire Hathaway Energy Geothermal Power Generation Product and Services
4.11.3 Berkshire Hathaway Energy Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.11.4 Berkshire Hathaway Energy Major Business
4.11.5 Berkshire Hathaway Energy Recent Developments/Updates
4.12 Northern California Power Agency
4.12.1 Northern California Power Agency Geothermal Power Generation Details
4.12.2 Northern California Power Agency Geothermal Power Generation Product and Services
4.12.3 Northern California Power Agency Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.12.4 Northern California Power Agency Major Business
4.12.5 Northern California Power Agency Recent Developments/Updates
4.13 HS Orka
4.13.1 HS Orka Geothermal Power Generation Details
4.13.2 HS Orka Geothermal Power Generation Product and Services
4.13.3 HS Orka Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.13.4 HS Orka Major Business
4.13.5 HS Orka Recent Developments/Updates
4.14 Cyrq Energy
4.14.1 Cyrq Energy Geothermal Power Generation Details
4.14.2 Cyrq Energy Geothermal Power Generation Product and Services
4.14.3 Cyrq Energy Geothermal Power Generation Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.14.4 Cyrq Energy Major Business
4.14.5 Cyrq Energy Recent Developments/Updates
5 Consumption Analysis by Region
5.1 Global Geothermal Power Generation Market Size by Region
5.1.1 Global Geothermal Power Generation Consumption Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Geothermal Power Generation Consumption Value by Region (2020-2025)
5.1.3 Global Geothermal Power Generation Consumption Value by Region (2026-2031)
5.1.4 Global Geothermal Power Generation Consumption Value Market Share by Region (2020-2031)
5.2 Global Geothermal Power Generation Sales Quantity by Region
5.2.1 Global Geothermal Power Generation Sales Quantity by Region: 2020 VS 2024 VS 2031
5.2.2 Global Geothermal Power Generation Sales Quantity by Region (2020-2025)
5.2.3 Global Geothermal Power Generation Sales Quantity by Region (2026-2031)
5.2.4 Global Geothermal Power Generation Sales Quantity Market Share by Region (2020-2031)
5.3 Global Geothermal Power Generation Average Price by Region
5.4 North America Geothermal Power Generation Consumption Value (2020-2031)
5.5 Europe Geothermal Power Generation Consumption Value (2020-2031)
5.6 Asia-Pacific Geothermal Power Generation Consumption Value (2020-2031)
5.7 South America Geothermal Power Generation Consumption Value (2020-2031)
5.8 Middle East & Africa Geothermal Power Generation Consumption Value (2020-2031)
6 Market Scenario by Region & Country
6.1 Global Geothermal Power Generation Consumption Value by Region & Country: 2020 Versus 2024 Versus 2031
6.2 Global Geothermal Power Generation Consumption Value by Region & Country (2020-2031)
6.3 Global Geothermal Power Generation Sales Quantity by Region & Country (2020-2031)
6.4 Global Geothermal Power Generation Average Price by Region & Country (2020-2031)
6.5 North America Geothermal Power Generation Market Facts & Figures by Country
6.5.1 North America Geothermal Power Generation Consumption Value by Country: 2020 VS 2024 VS 2031
6.5.2 North America Geothermal Power Generation Sales Quantity by Country (2020-2031)
6.5.3 North America Geothermal Power Generation Consumption Value by Country (2020-2031)
6.5.4 U.S.
6.5.5 Canada
6.6 Europe Geothermal Power Generation Market Facts & Figures by Country
6.6.1 Europe Geothermal Power Generation Consumption Value by Country: 2020 VS 2024 VS 2031
6.6.2 Europe Geothermal Power Generation Sales Quantity by Country (2020-2031)
6.6.3 Europe Geothermal Power Generation Consumption Value by Country (2020-2031)
6.6.4 Germany
6.6.5 France
6.6.6 U.K.
6.6.7 Italy
6.6.8 Russia
6.7 Asia Pacific Geothermal Power Generation Market Facts & Figures by Region
6.7.1 Asia Pacific Geothermal Power Generation Market Size by Region: 2020 VS 2024 VS 2031
6.7.2 Asia Pacific Geothermal Power Generation Sales Quantity by Region (2020-2031)
6.7.3 Asia Pacific Geothermal Power Generation Consumption Value by Region (2020-2031)
6.7.4 China
6.7.5 Japan
6.7.6 South Korea
6.7.7 India
6.7.8 Australia
6.7.9 Taiwan
6.7.10 Indonesia
6.7.11 Thailand
6.7.12 Malaysia
6.7.13 Philippines
6.8 South America Geothermal Power Generation Market Facts & Figures by Country
6.8.1 South America Geothermal Power Generation Market Size by Country: 2020 VS 2024 VS 2031
6.8.2 South America Geothermal Power Generation Sales Quantity by Country (2020-2031)
6.8.3 South America Geothermal Power Generation Consumption Value by Country
6.8.4 Mexico
6.8.5 Brazil
6.8.6 Argentina
6.9 Middle East and Africa Geothermal Power Generation Market Facts & Figures by Country
6.9.1 Middle East and Africa Geothermal Power Generation Market Size by Country: 2020 VS 2024 VS 2031
6.9.2 Middle East and Africa Geothermal Power Generation Sales Quantity by Country (2020-2031)
6.9.3 Middle East and Africa Geothermal Power Generation Consumption Value by Country
6.9.4 Turkey
6.9.5 Saudi Arabia
6.9.6 U.A.E
7 Segment by Type
7.1 Global Geothermal Power Generation Sales Quantity by Type (2020-2031)
7.1.1 Global Geothermal Power Generation Sales Quantity by Type (2020-2025)
7.1.2 Global Geothermal Power Generation Sales Quantity by Type (2026-2031)
7.1.3 Global Geothermal Power Generation Sales Quantity Market Share by Type (2020-2031)
7.2 Global Geothermal Power Generation Revenue by Type (2020-2031)
7.2.1 Global Geothermal Power Generation Revenue by Type (2020-2025)
7.2.2 Global Geothermal Power Generation Revenue by Type (2026-2031)
7.2.3 Global Geothermal Power Generation Revenue Market Share by Type (2020-2031)
7.3 Global Geothermal Power Generation Price by Type (2020-2031)
8 Segment by Application
8.1 Global Geothermal Power Generation Sales Quantity by Application (2020-2031)
8.1.1 Global Geothermal Power Generation Sales Quantity by Application (2020-2025)
8.1.2 Global Geothermal Power Generation Sales Quantity by Application (2026-2031)
8.1.3 Global Geothermal Power Generation Sales Quantity Market Share by Application (2020-2031)
8.2 Global Geothermal Power Generation Revenue by Application (2020-2031)
8.2.1 Global Geothermal Power Generation Revenue by Application (2020-2025)
8.2.2 Global Geothermal Power Generation Revenue by Application (2026-2031)
8.2.3 Global Geothermal Power Generation Revenue Market Share by Application (2020-2031)
8.3 Global Geothermal Power Generation Price by Application (2020-2031)
9 Industry Chain and Sales Channels Analysis
9.1 Geothermal Power Generation Industry Chain Analysis
9.2 Geothermal Power Generation Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 Geothermal Power Generation Production Mode & Process
9.4 Geothermal Power Generation Sales and Marketing
9.4.1 Geothermal Power Generation Sales Channels
9.4.2 Geothermal Power Generation Distributors
9.5 Geothermal Power Generation Customers
10 Research Findings and Conclusion
11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer

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