Geothermal Energy Market Report 2019 Global Industry Statistics & Regional Outlook to 2024
Category: #business  By Partha Ray  Date: 2019-07-11
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Geothermal Energy Market Report 2019 Global Industry Statistics & Regional Outlook to 2024

Global Geothermal Energy Market Report added by MarketstudyReport.com offers industry size, share, growth, trends and forecast analysis up to 2024. Geothermal Energy Market Report also covers top key players, porter’s five forces analysis and market segmentation in detail. This report examines the global Geothermal Energy market and provides information regarding the revenue for the period 2017 to 2024.

Japan geothermal energy market share is predicted to expand over 8% by 2024.Introduction of several incentives including feed in tariff to encourage renewable energy adoption will favor the business growth. In 2016, Japan Ministry of Economic Trade and Industry has introduced USD 0.26 FIT for less than 150MW and USD 0.36 FIT for greater than 150MW geothermal power plants.

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Increasing electricity demand along with growing investment towards renewable energy will foster the Ethiopia geothermal energy market. In 2013, the country announced to invest USD 4 billion to build 1000 MW Corbetti geothermal power plant out of which first phase 500 MW is expected to be operational by 2018. In Ethiopia, over 69% of the total population lacks access to electric grid.

Ability to offer reliable, stable, environment friendly and baseload power will embellish industry penetration. Growing demand for electricity among developing countries owing to increased infrastructure spending will further complement the business outlook. In Latin America, electricity consumption reached from 1268 TWh in 2013 to 1279 TWh in 2015. However, high upfront cost along with location dependency may act as restraint.

Geothermal Energy Market size is set to exceed USD 57 billion by 2024. Increasing energy demand from heating & cooling systems including ground source heat pump and district heating will positively drive the geothermal energy market. Favorable legislations to reduce GHG emissions will further stimulate demand. The EU has introduced several action plans and framework including Paris Climate agreement and 2030 climate and energy framework with an aim to reduce the emissions to 47% from 1990 level. Directive also focusses to increase sustainable energy share to at least 27% of total consumption by 2030.

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Key participant in geothermal energy market includes Mitsubishi heavy industry, Ansaldo Energia, TAS Energy, Chevron, Enel Green Power, Ormat, Calpin, Terra Gen, Fuji Electric, General Electric, Exergy, Reykjavik, Terra Gen, Turboden, Toshiba, and U.S. Geothermal.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Geothermal Energy Industry Insights

Chapter 4. Geothermal Energy Market, By Technology

Chapter 5. Geothermal Energy Market, By Region

Chapter 6. Company Profiles

For More Details on this Report At: https://www.marketstudyreport.com/reports/geothermal-energy-market

Related Report:

Global Geothermal Heat Pumps Market Research Report 2018

The global Geothermal Heat Pumps market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025.

https://www.marketstudyreport.com/reports/global-geothermal-heat-pumps-market-research-report-2018/?utm_source=RR-PSR

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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