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

·5 mins read

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: https://www.businesswire.com/news/home/20201016005135/en/

Technavio 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 Impacts

Geothermal Power Market 2020-2024: Segmentation

Geothermal Power Market is segmented as below:

  • Type

    • Flash

    • Dry Steam

    • Binary

  • Geographic Landscape

    • APAC

    • North America

    • MEA

    • Europe

    • 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.

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Geothermal 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 Summary

Market 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 landscape

Geographic 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.

Appendix

  • 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201016005135/en/

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