Global Geothermal Electric Power Generation Market is Estimated to Reach $10 Billion by 2025, Says Accurize Market Research
Global Geothermal Electric Power Generation Market report published by Accurize Market Research forecast that the global market is expected to reach $10 billion by 2025; growing at a CAGR of 6.7% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising demand for electrical energy along with growing part of renewable in power generation to drive the growth of the market
Rising demand for electrical energy along with growing part of renewable in power generation fuels the demand for the global geothermal electric power generation market. Furthermore, government support and supervision for geothermal energy projects in several countriesalso boosts the growth of the market.
The global geothermal electric power generation market has been bifurcated on the basis of technology, application and geography. Dry steam power stations, flash steam power stations and binary cycle power stationsare covered under technology segment. Further, application segment includes residential, commercial, industrial and others. By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Calpine, Enel Green Power North America Inc., Gradient Resources, Berkshire Hathaway Energy, Terra-Gen Power Llc, Us Geothermal, Toshiba International Corp., Ethosenergy Group and Thermasource Llc, among others.
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