Home > Energy & Power > Renewable Energy > Geothermal Energy > Geothermal Energy Market

Geothermal Energy Market Share

Report ID: GMI1244
Published Date: Mar 2023
Report Format: PDF

Download Free Sample

Geothermal Energy Market Share

Some key players operating in the geothermal energy industry are:

Reykjavik Geothermal
Exergy International Srl
Ormat Technologies, Inc.
Mitsubishi Heavy Industries, Ltd.
Enel Green Power S.p.A.
Calpine
General Electric
Ansaldo Energia
Toshiba Corporation
and Enertime

Energy sector operators are seeking to exploit prospec

tive geothermal sources through partnerships and acquisitions. For instance, in July 2022, Enel Green Power collaborated with Vulcan Energy, a developer of lithium chemistry solutions, to undertake projects and research the possibilities for geothermal lithium in Italy. By utilizing Vulcan's expertise, the partnership enabled Enel to advance its geothermal technology, while Vulcan Energy increased its market share in the lithium-ion sector.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The geothermal energy market size crossed USD 63.7 billion in 2023 and is poised to record growth at a robust pace of over 8.6% gains through 2032, owing to the growing deployment of clean energy solutions globally.

The binary geothermal technology segment valued at more than USD 15 billion in 2022 driven by its increasing adoption backed by its high efficiency, minimal emissions, and ease of integration with several other energy sources.

The Indonesia market is estimated to reach over 19 billion in revenue by the end of 2032 on account of the rising foreign investment received in the country for the development of geothermal energy.

Reykjavik Geothermal, Exergy International Srl, Ormat Technologies, Inc., Mitsubishi Heavy Industries, Ltd., Enel Green Power S.p.A., Calpine, General Electric, Ansaldo Energia, Toshiba Corporation, and Enertime are some of the top firms operating in the industry.