NEW YORK, Sept. 14, 2021 /PRNewswire/ -- Technavio's latest offering, Geothermal Drilling Market For Power Generation report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions.
The geothermal drilling market size for power generation is expected to increase by USD 199.86 million at a CAGR of almost 5% during 2021-2025.
The market is driven by factors such as the rising demand for energy and the need for efficient use of resources and the reduction of emission. However, high capital requirements will hinder growth.
The volatility in oil prices and increase in electricity prices will boost the market demand. On the other hand, increasing competition from alternative energy sources will challenge the growth of the market.
Some of the companies covered in this report are Baker Hughes Co., Deep Rock Manufacturing Co., Fraste Spa, Geotech Drilling Services Ltd., Halliburton Co., Huisman Equipment BV, KCA Deutag Alpha Ltd., Marton Geotechnical Services Ltd., Ormat Technologies Inc., and Schlumberger Ltd.
The report includes the competitive analysis which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
By Application, the market is classified into binary plants and steam plants. The market growth in the binary plants segment will be significant during the forecast period.
By Geography, the market is analyzed across Europe, APAC, North America, MEA, and South America. Europe will have the largest share of the market.
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Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Binary plants - Market size and forecast 2020-2025
Steam plants - Market size and forecast 2020-2025
Market opportunity by Application
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
Baker Hughes Co.
Deep Rock Manufacturing Co.
Geotech Drilling Services Ltd.
Huisman Equipment BV
KCA Deutag Alpha Ltd.
Marton Geotechnical Services Ltd.
Ormat Technologies Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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