The global Geothermal Power Generation Market is expected to reach a valuation of around USD 9 billion by the end of 2019 and is expected to witness remarkable growth during the forecast period. The global geothermal power generation capacity grew by 4% in 2018 when compared to 2017. The industry is anticipated to follow the growth trend in the coming years too. Geothermal energy is used for two primary purposes – geothermal heating and geothermal electricity generation.

Geothermal power is the power generated by geothermal energy i.e. thermal energy stored/generated in the Earth. Geothermal energy is a sustainable, renewable source of energy because the heat extraction is significantly smaller when compared to the Earth’s internal heat content. Furthermore, the greenhouse gas emissions from the geothermal electric stations emit less than 5% of the emissions from traditional coal-fired plants. The increasing need for sustainable and clean energy is one of the critical factors for the growth of the geothermal power generation sector. Growing government initiatives such as tax rebates and financial benefits to promote sustainable energy generation will also have a positive impact on the geothermal power generation market. In the Earth’s crust, the upper six miles contain 50,000 times more energy potential than the total oil and gas reserves combined, in spite of which, only 14,600 MW of geothermal energy capacity was achieved in 2018, which might pave the way for many opportunities in the coming future.

Get a sample of the report @ https://www.reportsanddata.com/inquiry-before-buying/267

The power and energy industry is rapidly expanding in terms of revenue owing to constant demand for electricity across the globe. The global Geothermal Power Generation market is expected to register robust revenue CAGR between 2019 and 2026. There has been a rapid increase in the power consumption across various verticals such as manufacturing, agriculture, IT & communication, healthcare, commercial and residential buildings. In addition, rapid industrialization and urbanization, increasing awareness about green energy, rising adoption of smart homes and smart buildings and increasing investments in development sustainable products are fueling market growth.

Competitive Landscape:

The report sheds light on details about every market player in the global Geothermal Power Generation market along with its global status, product portfolio financial standing, and business expansion plan and license agreement. The key players in the market are adopting various key strategies such as mergers and acquisitions, partnerships, joint ventures, collaborations and product launches to strengthen their market position and enhance their product base.

Top companies operating in the global Geothermal Power Generation market include:

  • Chevron Corporation
  • Calpine Energy Development
  • Comisión Federal de Electricidad
  • Enel Green Power
  • KenGen Contact Energy
  • Orkuveita Reykjavikur Pertamina Geothermal Energy
  • CalEnergy Generation
  • Star Energy Ltd
  • Northern California Power Agency
  • Terra-Gen
  • Aboitiz Power
  • Calpine Corporation
  • Energy Development Corporation (EDC)
  • Kenya Electricity
  • Mercury
  • Ormat Industries
  • Pertamina Geothermal Energy (PGE)

Key questions addressed in the global Geothermal Power Generation market report:

  • What is the expected market size of the global Geothermal Power Generation market during the forecast period?
  • What are the key restraints that are expected to hamper overall market growth between 2019 and 2026?
  • What key factors are expected to boost global Geothermal Power Generation market revenue growth throughout the forecast period?
  • Which regional market is projected to account for largest revenue share over the forecast period?
  • Which regional market revenue is expected to expand at rapid CAGR during the forecast period?
  • Which key players are operating in the global Geothermal Power Generation market?

Request a discount on the report @ https://www.reportsanddata.com/sample-enquiry-form/267

The report also offers details about each segment and major regions covered in the global Geothermal Power Generation market.

Global Geothermal Power Generation market segmentation:

Market segment based on the Type:

  • Back Pressure
  • Binary
  • Double Flash
  • Dry Steam
  • Single Flash
  • Triple Flash

Market segment based on Application:

  • Industrial Processing
  • Civil Heating
  • Medical
  • Agriculture
  • Aquaculture
  • Others

Market segment based on the End-user:

  • Dry steam power stations
  • Flash steam power stations
  • Binary cycle power stations

Market segment based on Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/267

Thank you for reading the research report. We also offer report customization according to client requirement. You can connect to us to know to get more details about customization feature and our team will provide you the best suited report.

 About Reports and Data:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyse consumer behaviour shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-192-710-1370
E-mail: sales@reportsanddata.com