The global geothermal energy market size was valued at USD 8.34 billion in 2024 and is projected to reach from USD 9.03 billion in 2024 to USD 17.09 billion by 2033, registering a CAGR of 8.3% during the forecast period (2025-2033).
Market Scope and Research Methodology
This report includes a multi-level regional assessment spanning global, regional, and country-specific markets. The analysis highlights market penetration, regional market leadership, and the strategic approaches adopted by prominent companies. A detailed SWOT analysis identifies the strengths, weaknesses, opportunities, and challenges within the market.
The primary goal of the Geothermal Energy Market Report is to provide clear insights into market behavior, emerging trends, and the factors influencing market performance. The study evaluates market structure, segmentation, and forecasted market size while examining growth drivers, industry barriers, and opportunities stemming from technological progress, regulatory frameworks, cost efficiencies, and evolving consumer needs.
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Regional Insights
The report presents an in-depth regional assessment of the Geothermal Energy Market across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Each region is analyzed based on key parameters such as market size, growth rate, trade activities, and overall industry development. This segmentation supports a deeper understanding of the competitive dynamics and market potential within each geographical area.
Market Segmentation
- By Power Station
- Dry Steam Power Station
- Flash Steam Power Station
- Binary Cycle Power Station
- By End-User
- Residential
- Non-Residential
Key Market Players
- ABB Limited
- Aboitiz Power Corporation
- Calpine Corporation
- ENEL Green Power SpA
- Energy Development Corporation
- Kenya Electricity Generating Company PLC
- Ormat Technologies Inc.
- Pertamina Geothermal Energy
- Mitsubishi Hitachi Power Systems Inc.
- Toshiba Corporation
- Korea Electric Power Corporation
- Siemens AG
- EDF Group
- Yokogawa Electric Corporation
Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart): https://straitsresearch.com/report/geothermal-energy-market/request-sample
Key Questions Addressed
- What is Geothermal Energy Market?
- What was the market size of the Geothermal Energy Market in 2024?
- What CAGR is expected for the market during the forecast period?
- Which factors are expected to drive market growth?
- What are the major segments of the market?
- Which strategies are companies adopting to strengthen their market presence?
- What emerging applications and trends are shaping the industry?
- Who are the key players in the Geothermal Energy Market?
- What are the portfolios and competencies of leading market participants?
About Us
For over a decade, Straits Research has been a trusted partner to more than 2,278 small and large enterprises, empowering senior leaders and decision-makers with actionable intelligence to navigate complex markets. Our structured syndicate reports, published year-round, cover critical sectors such as chemicals, materials, food and beverage, healthcare, pharmaceuticals, automotive, technology, aerospace, and defense. Combined with our custom research tailored to client-specific needs, we deliver insights that drive business progress and informed decision-making.
