LONDON--(BUSINESS WIRE)--Jun 18, 2020--

Technavio has been monitoring the geothermal power market and it is poised to grow by 41.49 TWh during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Geothermal Power Market 2020-2024 (Graphic: Business Wire)

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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Aboitiz Power Corp., Berkshire Hathaway Energy Co., Calpine Corp., Enel Spa, Energy Development Corp., Geothermal Engineering Ltd., HS Orka hf, Innergex Renewable Energy Inc., Kenya Electricity Generating Co. Plc, and Ormat Technologies Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The advantages of geothermal energy has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/geothermal-power-market-industry-analysis

Geothermal Power Market 2020-2024: Segmentation

Geothermal Power Market is segmented as below:

  • Type
    • Flash
    • Dry Steam
    • Binary
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

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Geothermal Power Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The geothermal power market report covers the following areas:

  • Geothermal Power Market Size
  • Geothermal Power Market Trends
  • Geothermal Power Market Analysis

This study identifies the growing technical advances in the geothermal energy industry as one of the prime reasons driving the geothermal power market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Geothermal Power Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist geothermal power market growth during the next five years
  • Estimation of the geothermal power market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the geothermal power market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of geothermal power market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value Chain Analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market Outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Flash - Market size and forecast 2019-2024
  • Dry steam - Market size and forecast 2019-2024
  • Binary - Market size and forecast 2019-2024
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Rising geothermal capacity
  • Growing technical advances in the geothermal energy industry
  • Presence of substantial unexplored geothermal resources

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Aboitiz Power Corp.
  • Berkshire Hathaway Energy Co.
  • Calpine Corp.
  • Enel Spa
  • Energy Development Corp.
  • Geothermal Engineering Ltd.
  • HS Orka hf
  • Innergex Renewable Energy Inc.
  • Kenya Electricity Generating Co. Plc
  • Ormat Technologies Inc.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Jesse Maida

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Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY OTHER ENERGY

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 06/18/2020 08:24 AM/DISC: 06/18/2020 08:24 AM

http://www.businesswire.com/news/home/20200618005477/en

Copyright Business Wire 2020.

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