0:00 | 17.10.2020
Geothermal Power Market Will Showcase Negative Impact During 2020-2024 | Rising Investments and Government Initiatives to Boost Market Growth | Technavio

Technavio has been monitoring the global geothermal power market size and it is poised to grow by 39.79 TWh during 2020-2024, progressing at a CAGR of about 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.
This press release features multimedia. View the full release here: has announced its latest market research report titled Global Geothermal Power Market 2020-2024 (Graphic: Business Wire)Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download Latest Free Sample Report on COVID-19 Analysis
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, Kenya Electricity Generating Co. Plc, Kyushu Electric Power Co. Inc., 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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Rising investments and government initiatives have been instrumental in driving the growth of the market. However, the high initial capital investments in establishing geothermal power plants might hamper market growth.
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. Download a Free Sample Report on COVID-19 ImpactsGeothermal Power Market 2020-2024: Segmentation
Geothermal Power Market is segmented as below:



Dry Steam


Geographic Landscape


North America



South America

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 Industry Analysis

This study identifies the growing demand for renewable energy sources 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.Register for a free trial today and gain instant access to 17,000+ market research reports.Technavio’s SUBSCRIPTION platformGeothermal 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:Executive SummaryMarket Landscape
Market ecosystem

Market landscape

Value chain analysis
Market Sizing
Market definition

Market segment analysis

Market size 2019

Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five forces summary

Bargaining power of buyers

Bargaining power of suppliers

Threat of new entrants

Threat of substitutes

Threat of rivalry

Market condition
Market Segmentation by Type
Market segments

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
Customer landscapeGeographic 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 by geography

Volume driver-Demand led growth

Market challenges

Market trends
Vendor Landscape
Vendor landscape

Landscape disruption
Vendor Analysis
Vendors covered

Market positioning of vendors

Aboitiz Power Corp.

Berkshire Hathaway Energy Co.

Calpine Corp.

Enel Spa

Energy Development Corp.

Geothermal Engineering Ltd.

HS Orka hf

Kenya Electricity Generating Co. Plc

Kyushu Electric Power Co. Inc.

Ormat Technologies Inc.
Scope of the report

Currency conversion rates for US$

Research methodology

List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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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