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HSRCGeothermal Energy (Enhanced Geothermal Systems, Binary Cycle Power Generation, Dry Steam Power, Flash Steam Power, Deep Learning & AI, Closed & Open Loop Geothermal Heat Pumps, Hybrid Geothermal Heat Pumps) Market (with COVID-19 & COP26 Impacts) & Technologies – 2022-2032
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Geothermal Energy (Enhanced Geothermal Systems, Binary Cycle Power Generation, Dry Steam Power, Flash Steam Power, Deep Learning & AI, Closed & Open Loop Geothermal Heat Pumps, Hybrid Geothermal Heat Pumps) Market (with COVID-19 & COP26 Impacts) & Technologies – 2022-2032

2022-2032 CAGR > 21%, Cumulative Market $117 Billion. Granulated by 323 Submarkets. 

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IBM
Amazon
Sandia National Lab
HITACHI
Thales
Smiths Detection
Nuctech
Korea Internet & Security Agency
L3Harris
Huawei
Leidos
NEC
Toshiba
Deloitte
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Description

 

The industry professionals who published this report bring you an updated (post COP26 ) market analysis and forecasts. This market report is the utmost comprehensive review of the global Geothermal Energy market available today. This report aims to provide today’s strategic decision-makers with an expert 360-degree, time-sensitive, detailed view of this interconnected market.

With 305 pages, 93 tables and 178 figures, the Geothermal Energy (Enhanced Geothermal Systems, Binary Cycle Power Generation, Dry Steam Power, Flash Steam Power, Deep Learning & AI, Closed & Open Loop Geothermal Heat Pumps, Hybrid Geothermal Heat Pumps) Market (with COVID-19 & COP26 Impacts) & Technologies – 2022-2032 report thoroughly analyzes 8 application sectors, 8 Geothermal technologies, 5 regional, 60 national and 5 revenue source markets, detailing 2018-2032 market size. The cumulative 2022-2032 market is $117.3 Billion.

According to the report, after 20 years of low (up to 4.5%) annual growth rates, the market will boost unprecedented 2020-2032 CAGR of 15.4%.                                                                          

This remarkable growth is attributed to three key factors:

  • Enhanced Geothermal System (EGS). Driven by the oil and gas companies, EGS technologies will mature within a few years, developing cost-effective EGS technology and proliferating the EGS into new geographic regions that non-ESG couldn’t use.
  • Direct Geothermal. Buildings’ direct heating and cooling (with and without heat pumps) are driven by governments to lower emissions footprint. The number of Direct Geothermal installations is forecasted to grow from 2.5 million in 2020 to more than 35 million by 2032.
  • Rising coal, gas and oil prices.

Other drivers:

  • Geothermal technology serves two markets:
  1. Direct Heating & Cooling
  2. Electric Power
  • Government R&D, project financing & subsidies.
  • Geothermal technology is renewable, reliable and it provides the electric grid a baseload Geothermal running 24 / 7 regardless of weather conditions which affect wind and solar energy systems.
  • Geothermal energy plants’ footprint per GWh is less than 0.1% of Wind or Solar-PV footprint.
  • Geothermal power augment solar and wind energy generation.

 

Global Geothermal Energy Market Segmentation Vectors

Why Buy Geothermal Energy (Enhanced Geothermal Systems, Binary Cycle Power Generation, Dry Steam Power, Flash Steam Power, Deep Learning & AI, Closed & Open Loop Geothermal Heat Pumps, Hybrid Geothermal Heat Pumps) Market (with COVID-19 & COP26 Impacts) & Technologies – 2022-2032 Report?

 A. Questions answered in this report include:

  • What will the 2022-2032 market size be?
  • Which submarkets provide attractive business opportunities?
  • What drives customers to invest?
  • What are the Geothermal Energy technologies & applications trends?
  • What are the challenges to market penetration & growth?
  • Following the COP26 pledges, how much and which countries are expected to invest in Geothermal energy?
  • How does COVID-19 affect the market?

B. The Global Geothermal Energy market size data is analyzed via five independent perspectives.

With a highly fragmented market, we address the “money trail” – each dollar spent in the global Geothermal Energy market is analyzed and crosschecked via five orthogonal viewpoints:

1. By 8 Geothermal Technologies:

  • Enhanced Geothermal Systems (EGS)
  • Binary Cycle Power Stations
  • Dry Steam Power Stations
  • Flash Steam Power Stations
  • Deep Learning & A.I.
  • Closed & Open Cycle Geothermal Heat Pumps
  • Hybrid Geothermal Heat Pumps
  • Other Technologies

2. By 8 Geothermal Applications:

  • Geothermal Residential HVAC
  • Citywide & District HVAC
  • Commercial & Industrial HVAC
  • Agriculture HVAC
  • Industrial & Commercial Power Generation
  • Electric Grid
  • Geothermal Desalination
  • Other Geothermal Applications

3. By 5 Revenue Source Markets:

  • Planning & Consulting Services
  • Turnkey Systems
  • Aftersale Maintenance & Upgrades
  • Training Services
  • Other Revenues

4. By 5 Regional Markets:

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

5. By 60 National Markets:

  • The U.S.
  • Canada
  • Argentina
  • Brazil
  • Chile
  • Guatemala
  • Costa Rica
  • Ecuador
  • El Salvador
  • Mexico
  • Nicaragua
  • Peru
  • Rest of Latin America
  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Finland
  • France
  • Germany
  • Greece
  • Holland
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • The UK
  • Rest of Europe
  • Algeria
  • Egypt
  • GCC Countries
  • Ghana
  • Kenya
  • Mozambique
  • Nigeria
  • Tunisia
  • Turkey
  • Rest of MEA
  • Australia
  • Bangladesh
  • China
  • India
  • Indonesia
  • Japan
  • New Zealand
  • Pakistan
  • Philippines
  • South Korea
  • Rest of Asia-Pacific

C. Detailed market analysis frameworks for each of the market sectors are provided, including:

  • Market drivers & inhibitors
  • Business opportunities
  • SWOT analysis
  • Competitive analysis
  • Business environment
  • The 2018-2032 market

 

D. Companies mentioned in the report:

  1. Alstom
  2. Ansaldo Energia
  3. BDR Thermea
  4. Bosch Thermotechnology
  5. Carrier
  6. Fuji Electric
  7. General Electric
  8. Mitsubishi Electric
  9. Mitsubishi Heavy Industry
  1. Modine
  2. Nibe Industrier
  3. OCHSNER Warmepumpen
  4. Ormat
  5. Stiebel Eltron
  6. Toshiba
  7. Trane
  8. Vaillant
  9. Viessmann

 

Table of Contents

Download TOC as PDF

Table of Contents

1         Executive Summary………………………………………………. 31

1.1        Key Findings…………………………………………………… 31

1.2        Key Conclusions………………………………………………. 41

1.3        Global Geothermal Energy Market Research Vectors. 43

1.4        Global Geothermal Energy Market – 2018-2032……… 43

1.4.1            Markets: By Applications………………………………. 44

1.4.2            Technology Markets……………………………………. 45

1.4.3            Market by Revenue Source…………………………… 45

1.4.4            Regional Markets……………………………………….. 46

1.4.5            National Markets………………………………………… 47

2         R&D, Business and Investment Opportunities…………… 49

3         COP26 & COVID-19 Implications……………………………… 60

3.1        COP26 Takeaway……………………………………………. 60

3.2        COVID-19 Implications………………………………………. 62

4         Geothermal Energy Market Drivers………………………….. 63

5         Geothermal Energy Market Inhibitors………………………. 64

6         Geothermal Energy Market: SWOT Analysis……………… 66

6.1        Strengths……………………………………………………….. 66

6.2        Weaknesses…………………………………………………… 67

6.3        Opportunities…………………………………………………… 68

6.4        Threats………………………………………………………….. 69

 

TECHNOLOGY MARKETS……………………………………………… 71

7         Global Geothermal Energy Technology Markets………… 71

7.1        Geothermal Energy Market Size by Technology  – 2018-2032……………………………………………………………… 71

7.2        Global Market Breakdown by Technology – 2018-2032                                                                                 72

8         Enhanced Geothermal Systems (EGS) Market – 2018-2032……………………………………………………………………. 74

8.1        Enhanced Geothermal Systems (EGS) Market Background…………………………………………………….. 74

8.2        Global Enhanced Geothermal Systems (EGS) Market – 2018-2032………………………………………………………. 76

9         Binary Cycle Power Generation Market – 2018-2032…… 77

9.1        Binary Cycle Power Generation Market Background… 77

9.1.1            Introduction……………………………………………….. 77

9.1.2            Binary Cycle Technologies……………………………. 78

9.1.2.1         Rankine Vapor Cycle…………………………………. 78

9.1.2.2         Dual Pressure………………………………………….. 79

9.1.2.3         Dual Fluid……………………………………………….. 79

9.2        Global Binary Cycle Power Generation Market – 2018-2032……………………………………………………………… 79

10      Dry Steam Power Generation Market – 2018-2032……… 80

10.1     Dry Steam Power Generation Market Background…… 80

10.2     Global Dry Steam Power Generation Market – 2018-2032……………………………………………………………… 80

11      Flash Steam Power Generation Market – 2018-2032…… 81

11.1     Flash Steam Power Generation Market Background… 81

11.2     Global Flash Steam Power Generation Market – 2018-2032……………………………………………………………… 82

12      Geothermal Deep Learning & AI Market – 2018-2032….. 83

12.1     Geothermal Deep Learning & AI Market Background.. 83

12.2     Global Geothermal Deep Learning & AI Market – 2018-2032……………………………………………………………… 85

13      Closed & Open Loop Geothermal Heat Pumps Market – 2018-2032…………………………………………………………….. 86

13.1     Closed & Open Loop Geothermal Heat Pumps Market Background…………………………………………………….. 86

13.1.1          Introduction……………………………………………….. 86

13.1.2          Geothermal Heat Pumps Economy…………………. 87

13.1.3          Drivers of Geothermal Heat Pumps………………… 88

13.2     Global Geothermal Heat Pumps Market – 2018-2032. 88

14      Hybrid Geothermal Heat Pumps Market – 2018-2032….. 90

14.1     Hybrid Geothermal Heat Pumps Market Background.. 90

14.2     Hybrid Geothermal Heat Pumps Vendors………………. 91

14.3     Global Hybrid Geothermal Heat Pumps Market – 2018-2032……………………………………………………………… 91

15      Other Geothermal Technologies Market – 2018-2032….. 92

 

MARKET BY APPLICATION…………………………………………… 93

16      Global Geothermal Energy Market by Application……… 93

16.1     Geothermal Energy Market Size by Application  – 2018-2032……………………………………………………………… 93

16.2     Global Market Breakdown by Application  – 2018-2032                                                                                 94

17      Geothermal Residential & District Heating & Cooling Market – 2018-2032……………………………………………….. 96

17.1     Residential & District Heating & Cooling Geothermal Energy Market Background………………………………… 96

17.1.1          Introduction……………………………………………….. 96

17.1.2          Geothermal Heat Pumps………………………………. 97

17.1.3          Present Status of Geothermal HAVC………………. 99

17.1.4          District Heating & Cooling (DHC) Systems……… 101

17.1.5          Geothermal Cooling & Heating Market: Inhibitors 102

17.1.6          Geothermal Heating Proliferation………………….. 106

17.1.7          Geothermal Heat Pump Efficiency………………… 106

17.1.8          Direct Geothermal Heat……………………………… 108

17.1.9          Geothermal Heating & Cooling: Market Drivers… 108

17.2     Global Residential & District Heating & Cooling Geothermal Energy Market – 2018-2032……………… 109

17.2.1          Residential & District Heating & Cooling Market Size – 2018-2032…………………………………………….. 109

18      Citywide Heating & Cooling Geothermal Energy Market – 2018-2032…………………………………………………………… 111

18.1     Citywide Heating & Cooling Geothermal Energy Market Background…………………………………………………… 111

18.2     Global Citywide Heating & Cooling Geothermal Energy Market – 2018-2032………………………………………… 112

19      Commercial & Industrial Heating & Cooling Geothermal Energy Market – 2018-2032…………………………………… 114

19.1     Commercial & Industrial Heating & Cooling Geothermal Energy Market Background………………………………. 114

19.1.1          Introduction……………………………………………… 114

19.1.2          Market Drivers………………………………………….. 114

19.2     Global Commercial & Industrial Heating & Cooling Geothermal Energy Market – 2018-2032……………… 115

20      Agriculture Heating & Cooling Geothermal Energy Market – 2018-2032………………………………………………………… 117

20.1     Agriculture Heating & Cooling Geothermal Energy Market Background…………………………………………. 117

20.1.1          Introduction……………………………………………… 117

20.1.2          Geothermal Drying Agricultural Products………… 119

20.1.3          Geothermal Greenhouse Heating…………………. 120

20.1.4          Geothermal Fluid Systems………………………….. 120

20.1.5          Geothermal Soil Heating…………………………….. 121

20.1.6          Geothermal Aqua Culture……………………………. 121

20.1.7          Geothermal Fish Farming……………………………. 122

20.1.8          Geothermal ALGAE Cultivation…………………….. 123

20.1.9          Geothermal Food drying……………………………… 123

20.1.10       Geothermal Milk Pasteurization……………………. 123

20.1.11       Irrigation Using Geothermal Water………………… 124

20.2     Global Geothermal Agriculture Heating & Cooling Market – 2018-2032………………………………………………….. 125

21      Industrial & Commercial Power Generation Geothermal Energy Market – 2018-2032…………………………………… 126

21.1     Industrial & Commercial Power Generation Geothermal Energy Market Background………………………………. 126

21.2     Global Geothermal Industrial & Commercial Power Generation Market – 2018-2032………………………… 126

22      Electric Grid Geothermal Energy Market – 2018-2032.. 128

22.1     Global Geothermal Electric Grid Market – 2018-2032 128

23      Geothermal Desalination Geothermal Energy Market – 2018-2032…………………………………………………………… 129

23.1     Geothermal Desalination Geothermal Energy Market Background…………………………………………………… 129

23.2     Global Geothermal Desalination Geothermal Energy Market – 2018-2032………………………………………… 130

24      Other Geothermal Energy Applications Market – 2018-2032…………………………………………………………………… 131

24.1     Global Other Applications Geothermal Energy Market – 2018-2032…………………………………………………….. 131

24.1.1          Other Applications Market Size – 2018-2032…… 131

 

REVENUE SOURCE MARKETS…………………………………….. 132

25      Global Geothermal Energy Market by Revenue Source 132

25.1     Global Geothermal Energy Market by Revenue Source 2018-2032…………………………………………………….. 132

25.2     Global Geothermal Energy Market Share by Revenue Source  – 2018-2032……………………………………….. 133

 

REGIONAL MARKETS…………………………………………………. 135

26      Regional Geothermal Energy Markets…………………….. 135

26.1     Regional Markets – 2018-2032………………………….. 135

26.2     Global Market Share by Region – 2018-2032……….. 136

27      North America Geothermal Energy Market………………. 137

27.1     The USA Geothermal Energy Market Background…. 137

27.2     Canada Geothermal Energy Market Background…… 137

27.3     North America Geothermal Energy Market– 2018-2032                                                                               138

27.4     North America Market Share by Revenue Source – 2018-2032…………………………………………………….. 139

28      Latin America Geothermal Energy Market……………….. 140

28.1     Latin America Geothermal Energy Market Background                                                                               140

28.2     Latin America Geothermal Energy Market – 2018-2032                                                                               140

28.3     Latin America Market Share by Revenue Source – 2018-2032……………………………………………………………. 141

29      Europe Geothermal Energy Market………………………… 142

29.1     Europe Geothermal Energy Market Background……. 142

29.1.1          Introduction……………………………………………… 142

29.1.2          Europe Geothermal Power………………………….. 144

29.1.3          Geothermal Heating And Cooling Systems……… 145

29.1.4          Geothermal Heat Pumps…………………………….. 146

29.2     Europe Geothermal Market – 2018-2032……………… 147

29.3     Europe Geothermal Market Share by Revenue Source – 2018-2032…………………………………………………….. 149

30      Middle East & Africa Geothermal Energy Market……… 150

30.1     Africa Geothermal Market Background………………… 150

30.2     The Middle East Geothermal Market Background….. 151

30.3     Middle East & Africa Geothermal Energy Market – 2018-2032……………………………………………………………. 152

30.4     Middle East & Africa Market Share by Revenue Source – 2018-2032………………………………………………….. 153

31      Asia-Pacific Geothermal Energy Market………………….. 155

31.1     Asia Pacific Market Background…………………………. 155

31.2     Asia Pacific Geothermal Energy Market – 2018-2032 156

31.3     Asia-Pacific Market Share by Revenue Source – 2018-2032……………………………………………………………. 157

 

NATIONAL MARKETS…………………………………………………. 159

32      Geothermal Energy Markets by 60 Countries…………… 159

32.1     Market Share by Country – 2018-2032………………… 162

North America……………………………………………………………. 164

33      U.S. Geothermal Energy Market…………………………….. 164

33.1     U.S. Geothermal Energy Market Background……….. 164

33.2     U.S. Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………………….. 164

33.3     U.S. Market Share by Revenue Source – 2018-2032 165

34      Canada Geothermal Energy Market………………………… 166

34.1     Canada Geothermal Energy Market Background…… 166

34.2     Canada Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 166

34.3     Canada Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 167

Latin America…………………………………………………………….. 168

35      Argentina Geothermal Energy Market…………………….. 168

35.1     Argentina Geothermal Energy Market Background…. 168

35.2     Argentina Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 168

35.3     Argentina Market Share by Revenue Source – 2018-2032……………………………………………………………. 169

36      Brazil Geothermal Energy Market…………………………… 170

36.1     Brazil Geothermal Energy Market Background………. 170

36.2     Brazil Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 170

36.3     Brazil Market Share by Revenue Source – 2018-2032                                                                               171

37      Chile Geothermal Energy Market…………………………… 172

37.1     Chile Geothermal Energy Market Background………. 172

37.2     Chile Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 172

37.3     Chile Market Share, by 5 Revenue Sources – 2018-2032                                                                               173

38      Colombia Geothermal Energy Market…………………….. 174

38.1     Colombia Geothermal Energy Market Background…. 174

38.2     Colombia Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 174

38.3     Colombia Market Share by Revenue Source – 2018-2032……………………………………………………………. 175

39      Costa Rica Geothermal Energy Market…………………… 176

39.1     Costa Rica Geothermal Energy Market Background.. 176

39.2     Costa Rica Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 176

39.3     Costa Rica Market Share by Revenue Source – 2018-2032……………………………………………………………. 177

40      Ecuador Geothermal Energy Market………………………. 178

40.1     Ecuador Geothermal Energy Market Background….. 178

40.2     Ecuador Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 178

40.3     Ecuador Market Share by Revenue Source – 2018-2032                                                                               179

41      El Salvador Geothermal Energy Market………………….. 180

41.1     El Salvador Geothermal Energy Market Background. 180

41.2     El Salvador Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 180

41.3     El Salvador Market Share by Revenue Source – 2018-2032……………………………………………………………. 181

42      Mexico Geothermal Energy Market………………………… 182

42.1     Mexico Geothermal Energy Market Background……. 182

42.2     Mexico Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 182

42.3     Mexico Market Share by Revenue Source – 2018-2032                                                                               183

43      Nicaragua Geothermal Energy Market……………………. 184

43.1     Nicaragua Geothermal Energy Market Background… 184

43.2     Nicaragua Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 184

43.3     Nicaragua Market Share by Revenue Source – 2018-2032……………………………………………………………. 185

44      Peru Geothermal Energy Market……………………………. 186

44.1     Peru Geothermal Energy Market Background……….. 186

44.2     Peru Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………………….. 186

44.3     Peru Market Share by Revenue Source – 2018-2032 187

45      Rest of Latin America Geothermal Energy Market……. 188

45.1     Rest of Latin America Geothermal Energy Market Background…………………………………………………… 188

45.2     Rest of Latin America Geothermal Energy Market, by 5 Revenue Sources – 2018-2032…………………………. 188

45.3     Rest of Latin America Market Share by Revenue Source – 2018-2032………………………………………………….. 189

Europe……………………………………………………………………… 190

46      Austria Geothermal Energy Market………………………… 190

46.1     Austria Geothermal Energy Market Background…….. 190

46.2     Austria Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 190

46.3     Austria Market Share by Revenue Source – 2018-2032                                                                               191

47      Belgium Geothermal Energy Market………………………. 192

47.1     Belgium Geothermal Energy Market Background…… 192

47.2     Belgium Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 192

47.3     Belgium Market Share by Revenue Source – 2018-2032                                                                               193

48      Bulgaria Geothermal Energy Market………………………. 194

48.1     Bulgaria Geothermal Energy Market Background…… 194

48.2     Bulgaria Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 194

48.3     Bulgaria Market Share by Revenue Source – 2018-2032                                                                               195

49      Croatia Geothermal Energy Market………………………… 196

49.1     Croatia Geothermal Energy Market Background……. 196

49.2     Croatia Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 196

49.3     Croatia Market Share by Revenue Source – 2018-2032                                                                               197

50      Czech Republic Geothermal Energy Market…………….. 198

50.1     Czech Republic Geothermal Energy Market Background                                                                               198

50.2     Czech Republic Geothermal Energy Market, by 5 Revenue Sources – 2018-2032…………………………. 198

50.3     Czech Republic Market Share by Revenue Source – 2018-2032…………………………………………………….. 199

51      Denmark Geothermal Energy Market……………………… 200

51.1     Denmark Geothermal Energy Market Background…. 200

51.2     Denmark Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 200

51.3     Denmark Market Share by Revenue Source – 2018-2032……………………………………………………………. 201

52      Finland Geothermal Energy Market………………………… 202

52.1     Finland Geothermal Energy Market Background……. 202

52.2     Finland Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 202

52.3     Finland Market Share by Revenue Source – 2018-2032                                                                               203

53      France Geothermal Energy Market…………………………. 204

53.1     France Geothermal Energy Market Background…….. 204

53.2     France Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 204

53.3     France Market Share by Revenue Source – 2018-2032                                                                               205

54      Germany Geothermal Energy Market……………………… 206

54.1     Germany Geothermal Energy Market Background…. 206

54.2     Germany Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 206

54.3     Germany Market Share by Revenue Source – 2018-2032……………………………………………………………. 207

55      Greece Geothermal Energy Market………………………… 208

55.1     Greece Geothermal Energy Market Background……. 208

55.2     Greece Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 208

55.3     Greece Market Share by Revenue Source – 2018-2032                                                                               209

56      Holland Geothermal Energy Market……………………….. 210

56.1     Holland Geothermal Energy Market Background……. 210

56.2     Holland Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 210

56.3     Holland Market Share by Revenue Source – 2018-2032                                                                               211

57      Hungary Geothermal Energy Market………………………. 212

57.1     Hungary Geothermal Energy Market Background….. 212

57.2     Hungary Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 212

57.3     Hungary Market Share by Revenue Source – 2018-2032                                                                               213

58      Iceland Geothermal Energy Market………………………… 214

58.1     Iceland Geothermal Energy Market Background……. 214

58.2     Iceland Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 214

58.3     Iceland Market Share by Revenue Source – 2018-2032                                                                               215

59      Ireland Geothermal Energy Market…………………………. 216

59.1     Ireland Geothermal Energy Market Background…….. 216

59.2     Ireland Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 216

59.3     Ireland Market Share by Revenue Source – 2018-2032                                                                               217

60      Italy Geothermal Energy Market…………………………….. 218

60.1     Italy Geothermal Energy Market Background………… 218

60.2     Italy Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………………….. 218

60.3     Italy Market Share by Revenue Source – 2018-2032. 219

61      Norway Geothermal Energy Market………………………… 220

61.1     Norway Geothermal Energy Market Background……. 220

61.2     Norway Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 220

61.3     Norway Market Share by Revenue Source – 2018-2032                                                                               221

62      Poland Geothermal Energy Market…………………………. 222

62.1     Poland Geothermal Energy Market Background…….. 222

62.2     Poland Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 222

62.3     Poland Market Share by Revenue Source – 2018-2032                                                                               223

63      Portugal Geothermal Energy Market………………………. 224

63.1     Portugal Geothermal Energy Market Background….. 224

63.2     Portugal Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 224

63.3     Portugal Market Share by Revenue Source – 2018-2032                                                                               225

64      Romania Geothermal Energy Market………………………. 226

64.1     Romania Geothermal Energy Market Background….. 226

64.2     Romania Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 226

64.3     Romania Market Share by Revenue Source – 2018-2032……………………………………………………………. 227

65      Russia Geothermal Energy Market…………………………. 228

65.1     Russia Geothermal Energy Market Background…….. 228

65.2     Russia Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 228

65.3     Russia Market Share by Revenue Source – 2018-2032                                                                               229

66      Slovenia Geothermal Energy Market………………………. 230

66.1     Slovenia Geothermal Energy Market Background….. 230

66.2     Slovenia Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 230

66.3     Slovenia Market Share by Revenue Source – 2018-2032                                                                               231

67      Spain Geothermal Energy Market…………………………… 232

67.1     Spain Geothermal Energy Market Background……… 232

67.2     Spain Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 232

67.3     Spain Market Share by Revenue Source – 2018-2032                                                                               233

68      Sweden Geothermal Energy Market……………………….. 234

68.1     Sweden Geothermal Energy Market Background…… 234

68.2     Sweden Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 234

68.3     Sweden Market Share by Revenue Source – 2018-2032                                                                               235

69      Switzerland Geothermal Energy Market………………….. 236

69.1     Switzerland Geothermal Energy Market Background. 236

69.2     Switzerland Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 236

69.3     Switzerland Market Share by Revenue Source – 2018-2032……………………………………………………………. 237

70      The UK Geothermal Energy Market………………………… 238

70.1     The UK Geothermal Energy Market Background……. 238

70.2     The UK Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 238

70.3     The UK Market Share by Revenue Source – 2018-2032                                                                               239

71      Rest of Europe Geothermal Energy Market……………… 240

71.1     Rest of Europe Geothermal Energy Market Background                                                                               240

71.2     Rest of Europe Geothermal Energy Market, by 5 Revenue Sources – 2018-2032…………………………. 240

71.3     Rest of Europe Market Share by Revenue Source – 2018-2032…………………………………………………….. 241

Middle East & Africa……………………………………………………. 242

72      Algeria Geothermal Energy Market………………………… 242

72.1     Algeria Geothermal Energy Market Background…….. 242

72.2     Algeria Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 242

72.3     Algeria Market Share Energy Market –2018-2032….. 243

73      Egypt Geothermal Energy Market………………………….. 244

73.1     Egypt Geothermal Energy Market Background……… 244

73.2     Egypt Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 244

73.3     Egypt Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 245

74      GCC Countries Geothermal Energy Market……………… 246

74.1     GCC Countries Geothermal Energy Market Background                                                                               246

74.2     GCC Countries Geothermal Energy Market, by 5 Revenue Sources – 2018-2032…………………………. 246

74.3     GCC Countries Market Share, by 5 Revenue Sources – 2018-2032…………………………………………………….. 247

75      Ghana Geothermal Energy Market…………………………. 248

75.1     Ghana Geothermal Energy Market Background…….. 248

75.2     Ghana Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 248

75.3     Ghana Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 249

76      Kenya Geothermal Energy Market………………………….. 250

76.1     Kenya Geothermal Energy Market Background…….. 250

76.2     Kenya Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 250

76.3     Kenya Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 251

77      Mozambique Geothermal Energy Market………………… 252

77.1     Mozambique Geothermal Energy Market Background                                                                               252

77.2     Mozambique Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 252

77.3     Mozambique Market Share, by 5 Revenue Sources – 2018-2032…………………………………………………….. 253

78      Nigeria Geothermal Energy Market………………………… 254

78.1     Nigeria Geothermal Energy Market Background……. 254

78.2     Nigeria Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 254

78.3     Nigeria Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 255

79      Tunisia Geothermal Energy Market………………………… 256

79.1     Tunisia Geothermal Energy Market Background……. 256

79.2     Tunisia Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 256

79.3     Tunisia Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 257

80      Turkey Geothermal Energy Market…………………………. 258

80.1     Turkey Geothermal Energy Market Background…….. 258

80.2     Turkey Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 258

80.3     Turkey Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 259

81      Rest of MEA Geothermal Energy Market…………………. 260

81.1     Rest of MEA Geothermal Energy Market Background                                                                               260

81.2     Rest of MEA Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 260

81.3     Rest of MEA Market Share, by 5 Revenue Sources – 2018-2032…………………………………………………….. 261

Asia-Pacific……………………………………………………………….. 262

82      Australia Geothermal Energy Market……………………… 262

82.1     Australia Geothermal Energy Market Background….. 262

82.2     Australia Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 262

82.3     Australia Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 263

83      Bangladesh Geothermal Energy Market………………….. 264

83.1     Bangladesh Geothermal Energy Market Background 264

83.2     Bangladesh Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 264

83.3     Bangladesh Market Share, by 5 Revenue Sources – 2018-2032…………………………………………………….. 265

84      China Geothermal Energy Market………………………….. 266

84.1     China Geothermal Energy Market Background……… 266

84.2     China Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 266

84.3     China Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 267

85      India Geothermal Energy Market……………………………. 268

85.1     India Geothermal Energy Market Background……….. 268

85.2     India Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………………….. 268

85.3     India Market Share, by 5 Revenue Sources – 2018-2032                                                                               269

86      Indonesia Geothermal Energy Market…………………….. 270

86.1     Indonesia Geothermal Energy Market Background… 270

86.2     Indonesia Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 270

86.3     Indonesia Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 271

87      Japan Geothermal Energy Market………………………….. 272

87.1     Japan Geothermal Energy Market Background……… 272

87.2     Japan Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 272

87.3     Japan Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 273

88      New Zealand Geothermal Energy Market………………… 274

88.1     New Zealand Geothermal Energy Market Background                                                                               274

88.2     New Zealand Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 274

88.3     New Zealand Market Share, by 5 Revenue Sources – 2018-2032…………………………………………………….. 275

89      Pakistan Geothermal Energy Market………………………. 276

89.1     Pakistan Geothermal Energy Market Background….. 276

89.2     Pakistan Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 276

89.3     Pakistan Market Share, by 5 Revenue Sources – 2018-2032……………………………………………………………. 277

90      Philippines Geothermal Energy Market…………………… 278

90.1     Philippines Geothermal Energy Market Background.. 278

90.2     Philippines Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 278

90.3     Philippines Market Share, by 5 Revenue Sources – 2018-2032…………………………………………………….. 279

91      South Korea Geothermal Energy Market…………………. 280

91.1     South Korea Geothermal Energy Market Background 280

91.2     South Korea Geothermal Energy Market, by 5 Revenue Sources – 2018-2032………………………………………. 280

91.3     South Korea Market Share, by 5 Revenue Sources – 2018-2032…………………………………………………….. 281

92      Rest of Asia-Pacific Geothermal Energy Market………. 282

92.1     Rest of Asia-Pacific Geothermal Energy Market Background…………………………………………………… 282

92.2     Rest of Asia-Pacific Geothermal Energy Market, by 5 Revenue Sources – 2018-2032…………………………. 282

92.3     Rest of Asia-Pacific Market Share, by 5 Revenue Sources – 2018-2032………………………………………. 283

 

 

APPENDICES…………………………………………………………….. 284

93      Appendix A: Glossary………………………………………….. 284

94      Appendix B: Abbreviations…………………………………… 301

95      Research Methodology………………………………………… 306

95.1     Report Structure…………………………………………….. 306

95.2     Research Methodology……………………………………. 306

95.3     For Whom is this Report?…………………………………. 307

96      Disclaimer and Copyright……………………………………… 308

Tables

Table 1 – Global Geothermal Energy Market Size [$M] by Application – 2018-2032…………………………………………………………. 44

Table 2 – Global Geothermal Energy Market Size [$M] by Technology– 2018-2032…………………………………………………………. 45

Table 3 – Global Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………………………. 45

Table 4 – Global Geothermal Energy Market Size [$M] by Region – 2018-2032…………………………………………………………. 46

Table 5 – Global Geothermal Energy Market Size [$M] by 60 Countries – 2018-2032………………………………………………………. 47

Table 6 – Example: Market Inhibitors and Policies Related to The Direct Use of Geothermal Heat……………………………………….. 65

Table 7 – Global Geothermal Energy Market Size [$M] by Technology – 2018-2032…………………………………………………………. 71

Table 8 – Global Enhanced Geothermal Systems (EGS) Market Size [$M] – 2018-2032……………………………………………….. 76

Table 9 – Global Binary Cycle Power Generation Market Size [$M] – 2018-2032…………………………………………………………. 79

Table 10 – Global Dry Steam Power Generation Market Size [$M] – 2018-2032…………………………………………………………. 80

Table 11 – Global Flash Steam Power Generation Market Size [$M] – 2018-2032…………………………………………………………. 82

Table 12 – Global Deep Learning & AI Market Size [$M] – 2018-2032. 85

Table 13 – Global Closed & Open Loop Geothermal Heat Pumps Market Size [$M] – 2018-2032…………………………………………. 89

Table 14 – Global Hybrid Geothermal Heat Pumps Market Size [$M] – 2018-2032…………………………………………………………. 91

Table 15 – Global Other Technologies Market Size [$M] – 2018-2032. 92

Table 16 – Global Geothermal Energy Market Size [$M] by Application – 2018-2032…………………………………………………………. 93

Table 17 – Global Residential & District Heating & Cooling Geothermal Energy Market Size [$M] – 2018-2032…………………… 110

Table 18 – Global Citywide Heating & Cooling Geothermal Energy Market Size [$M] – 2018-2032……………………………… 112

Table 19 – Global Commercial & Industrial Heating & Cooling Geothermal Energy Market Size [$M] – 2018-2032…… 115

Table 20 – Global Agriculture Heating & Cooling Geothermal Energy Market Size [$M] – 2018-2032……………………………… 125

Table 21 – Global Industrial & Commercial Power Generation Geothermal Energy Market Size [$M] – 2018-2032…… 126

Table 22 – Global Electric Grid Geothermal Energy Market Size [$M] – 2018-2032……………………………………………………….. 128

Table 23 – Global Geothermal Desalination Geothermal Energy Market Size [$M] – 2018-2032……………………………………….. 130

Table 24 – Global Other Applications Geothermal Energy Market Size [$M] – 2018-2032………………………………………………. 131

Table 25 – Global Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 132

Table 26 – Global Geothermal Energy Market Size [$M] by Region – 2018-2032……………………………………………………….. 135

Table 27 – North America Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 138

Table 28 – Latin America Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 140

Table 29 – Europe Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 148

Table 30 – Middle East & Africa Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 152

Table 31 – Asia-Pacific Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 157

Table 32 – Global Geothermal Energy Market Size [$M] by 60 Countries – 2018-2032…………………………………………………….. 160

Table 33- Global Geothermal Energy Market Share [%] by Country – 2018-2032……………………………………………………….. 162

Table 34 – U.S. Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 164

Table 35 – Canada Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 166

Table 36 – Argentina Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 168

Table 37 – Brazil Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 170

Table 38 – Chile Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 172

Table 39 – Colombia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 174

Table 40 – Costa Rica Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 176

Table 41 – Ecuador Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 178

Table 42 – El Salvador Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 180

Table 43 – Mexico Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 182

Table 44 – Nicaragua Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 184

Table 45 – Peru Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 186

Table 46 – Rest of Latin America Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………….. 188

Table 47 – Austria Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 190

Table 48 – Belgium Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 192

Table 49 – Bulgaria Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 194

Table 50 – Croatia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 196

Table 51 – Czech Republic Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 198

Table 52 – Denmark Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 200

Table 53 – Finland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 202

Table 54 – France Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 204

Table 55 – Germany Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 206

Table 56 – Greece Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 208

Table 57 – Holland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 210

Table 58 – Hungary Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 212

Table 59 – Iceland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 214

Table 60 – Ireland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 216

Table 61 – Italy Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 218

Table 62 – Norway Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 220

Table 63 – Poland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 222

Table 64 – Portugal Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 224

Table 65 – Romania Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 226

Table 66 – Russia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 228

Table 67 – Slovenia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 230

Table 68 – Spain Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 232

Table 69 – Sweden Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 234

Table 70 – Switzerland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 236

Table 71 – The UK Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 238

Table 72 – Rest of Europe Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 240

Table 73 – Algeria Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 242

Table 74 – Egypt Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 244

Table 75 – GCC Countries Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 246

Table 76 – Ghana Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 248

Table 77 – Kenya Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 250

Table 78 – Mozambique Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 252

Table 79 – Nigeria Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 254

Table 80 – Tunisia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 256

Table 81 – Turkey Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 258

Table 82 – Rest of MEA Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 260

Table 83 – Australia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 262

Table 84 – Bangladesh Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 264

Table 85 – China Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 266

Table 86 – India Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 268

Table 87 – Indonesia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 270

Table 88 – Japan Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 272

Table 89 – New Zealand Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 274

Table 90 – Pakistan Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 276

Table 91 – Philippines Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 278

Table 92 – South Korea Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 280

Table 93- Rest of Asia-Pacific Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 282

Figures

Figure 1 – COP26 Pledges & Targets Based GHG Emission [GTn] Forecast to 2030………………………………………………… 32

Figure 2 – Sources of Geothermal Energy………………………………… 33

Figure 3 – Geothermal Energy Applications According to the Temperature of the Geothermal Resource………………… 34

Figure 4 – Geothermal Power Generation…………………………………… 36

Figure 5 – Applications of Direct Utilization of Geothermal energy……. 36

Figure 6 – Closed (Left) & Open (Right) loop Heat Pumps…………….. 37

Figure 7 – Location of Geothermal Power Plants………………………….. 38

Figure 8 – Low Temperature (<200 °C) Geothermal Energy Applications                                                                                    42

Figure 9 – Geothermal VS. Fossil Fuels Heating Efficiency Comparison (COP)………………………………………………………………. 44

Figure 10 – Global Geothermal Energy Market Vectors…………………. 45

Figure 11 – Global Geothermal Energy Market Size [$M] by Application – 2018-2032………………………………………………………. 46

Figure 12 – Global Geothermal Energy Market Size [$M] by Technology – 2018-2032………………………………………………………. 74

Figure 13 – Global Geothermal Energy Market Share [%] by Technology – 2018-2032………………………………………………………. 75

Figure 14 – Map of 64 EGS Projects Around the World – 2020………… 77

Figure 15 – A Binary Geothermal Power Plant…………………………….. 80

Figure 16 – Dry Stream Geothermal Plant………………………………….. 82

Figure 17 – Geothermal Flash Steam Power Plant……………………….. 83

Figure 18 – AI Capabilities in Machine Learning Are Spurring Opportunities To Improve Well Targeting And Reservoir Operational Efficiency………………………………………….. 85

Figure 19 – Geothermal Heat Pump Cooling & Heating Modes……….. 88

Figure 20 – Geothermal Heat Pump Installation in Heating Modes…… 89

Figure 21 – Closed (Left) & Open (Right) Loop Heat Pumps………….. 90

Figure 22 – Configuration Of Hybrid System (Temperature Measurements Are Shown In Red, Flow Controls Are Shown In Blue)…………………………………………………… 92

Figure 23 – Global Geothermal Energy Market Size [$M] by Application – 2018-2032………………………………………………………. 96

Figure 24 – Global Geothermal Energy Market Share [%] by Application – 2018-2032………………………………………………………. 97

Figure 25 – Residential Geothermal Heat Pump Operation For Summer Cooling And Winter Heating………………………………….. 98

Figure 26 – Geothermal (Heating & Cooling) Residential Heat Pumps and it’s 3 Closed-Loop Elements…………………………… 100

Figure 27 – Distribution Of Geothermal Heat Consumption In The Largest Consumer Countries And Worldwide, By Sector                                                                                  101

Figure 28 – Geothermal District Heating & Cooling System…………… 104

Figure 29 – Share of Energy Sources Of Energy Consumption For Heating And Cooling, 2020………………………………….. 106

Figure 30 – Barriers Slowing The Uptake Of Renewable Heating And Cooling…………………………………………………………… 107

Figure 31 – A Heat Pump Coefficient Of Performance (COP)………… 109

Figure 32 – Geothermal Heat Consumption [PJ] In The Largest Consumer Countries -2018………………………………….. 111

Figure 33 – Global Residential & District Heating & Cooling Geothermal Energy Market Size [$M] – 2018-2032…………………… 112

Figure 34 – Global Citywide Heating & Cooling Geothermal Energy Market Size [$M] – 2018-2032……………………………… 115

Figure 35 – Global Commercial & Industrial Heating & Cooling Geothermal Energy Market Size [$M] – 2018-2032…… 118

Figure 36 – Potential Uses of Geothermal Energy in Agriculture and Agro-Industry……………………………………………………. 120

Figure 37 – Agri. Cascading from a Geothermal Energy Plant……….. 121

Figure 38 – Horizontal-Loop Geothermal Greenhouse…………………. 122

Figure 39 – Milk Pasteurization Using Geothermal Hot Water……….. 126

Figure 40 – Global Agriculture Heating & Cooling Geothermal Energy Market Size [$M] – 2018-2032……………………………… 127

Figure 41 – Global Industrial & Commercial Power Generation Geothermal Energy Market Size [$M] – 2018-2032…… 129

Figure 42 – Global Electric Grid Geothermal Energy Market Size [$M] – 2018-2032……………………………………………………….. 130

Figure 43 – Geothermal Desalination Process……………………………. 131

Figure 44 – Global Geothermal Desalination Geothermal Energy Market Size [$M] – 2018-2032……………………………………….. 132

Figure 45 – Global Other Applications Geothermal Energy Market Size [$M] – 2018-2032………………………………………………. 133

Figure 46 – Global Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 135

Figure 47 – Global Geothermal Energy Market Share [%] by Revenue Source – 2018-2032………………………………………….. 136

Figure 48 – Global Geothermal Energy Market Size [$M] by Region – 2018-2032……………………………………………………….. 137

Figure 49 – Global Geothermal Energy Market Share [%] by Region – 2018-2032……………………………………………………….. 138

Figure 50 – North America Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 141

Figure 51 – North America Geothermal Energy Market Share [%] by Revenue Source – 2018-2032……………………………… 141

Figure 52 – Latin America Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 143

Figure 53 – Latin America Geothermal Energy Market Share [%] by Revenue Source – 2018-2032……………………………… 143

Figure 54 – Europe, Installed Capacity For Geothermal Electricity And District Heating By Country in 2020 (MW)……………….. 147

Figure 55 – Geothermal Heat Pump Installed In Europe, By Country. 148

Figure 56 – Europe, Number of Geothermal Heat Pumps Systems Per 1,000 Households……………………………………………… 149

Figure 57 – Europe Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 150

Figure 58 – Europe Geothermal Energy Market Share [%] by Revenue Source – 2018-2032………………………………………….. 151

Figure 59 – Middle East & Africa Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………….. 155

Figure 60 – Middle East & Africa Geothermal Energy Market Share [%] by Revenue Source – 2018-2032………………………….. 156

Figure 61 – Asia-Pacific Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 159

Figure 62 – Asia-Pacific Geothermal Energy Market Share [%] by Revenue Source – 2018-2032……………………………… 160

Figure 63 – U.S. Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 167

Figure 64 – U.S. Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 167

Figure 65 – Canada Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 169

Figure 66 – Canada Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 169

Figure 67 – Argentina Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 171

Figure 68 – Argentina Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 171

Figure 69 – Brazil Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 173

Figure 70 – Brazil Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 173

Figure 71 – Chile Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 175

Figure 72 – Chile Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 175

Figure 73 – Colombia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 177

Figure 74 – Colombia Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 177

Figure 75 – Costa Rica Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 179

Figure 76 – Costa Rica Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 179

Figure 77 – Ecuador Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 181

Figure 78 – Ecuador Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 181

Figure 79 – El Salvador Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 183

Figure 80 – El Salvador Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 183

Figure 81 – Mexico Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 185

Figure 82 – Mexico Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 185

Figure 83 – Nicaragua Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 187

Figure 84 – Nicaragua Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 187

Figure 85 – Peru Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 189

Figure 86 – Peru Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 189

Figure 87 – Rest of Latin America Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………….. 191

Figure 88 – Rest of Latin America Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………… 191

Figure 89 – Austria Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 193

Figure 90 – Austria Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 193

Figure 91 – Belgium Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 195

Figure 92 – Belgium Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 195

Figure 93 – Bulgaria Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 197

Figure 94 – Bulgaria Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 197

Figure 95 – Croatia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 199

Figure 96 – Croatia Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 199

Figure 97 – Czech Republic Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 201

Figure 98 – Czech Republic Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 201

Figure 99 – Denmark Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 203

Figure 100 – Denmark Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 203

Figure 101 – Finland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 205

Figure 102 – Finland Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 205

Figure 103 – France Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 207

Figure 104 – France Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 207

Figure 105 – Germany Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 209

Figure 106 – Germany Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 209

Figure 107 – Greece Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 211

Figure 108 – Greece Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 211

Figure 109 – Holland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 213

Figure 110 – Holland Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 213

Figure 111 – Hungary Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 215

Figure 112 – Hungary Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 215

Figure 113 – Iceland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 217

Figure 114 – Iceland Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 217

Figure 115 – Ireland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 219

Figure 116 – Ireland Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 219

Figure 117 – Italy Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 221

Figure 118 – Italy Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 221

Figure 119 – Norway Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 223

Figure 120 – Norway Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 223

Figure 121 – Poland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 225

Figure 122 – Poland Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 225

Figure 123 – Portugal Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 227

Figure 124 – Portugal Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 227

Figure 125 – Romania Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 229

Figure 126 – Romania Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 229

Figure 127 – Russia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 231

Figure 128 – Russia Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 231

Figure 129 – Slovenia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 233

Figure 130 – Slovenia Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 233

Figure 131 – Spain Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 235

Figure 132 – Spain Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 235

Figure 133 – Sweden Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 237

Figure 134 – Sweden Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 237

Figure 135 – Switzerland Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 239

Figure 136 – Switzerland Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 239

Figure 137 – The UK Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 241

Figure 138 – The UK Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 241

Figure 139 – Rest of Europe Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 243

Figure 140 – Rest of Europe Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 243

Figure 141 – Algeria Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 245

Figure 142 – Algeria Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 245

Figure 143 – Egypt Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 247

Figure 144 – Egypt Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 247

Figure 145 – GCC Countries Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 249

Figure 146 – GCC Countries Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 249

Figure 147 – Ghana Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 251

Figure 148 – Ghana Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 251

Figure 149 – Kenya Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 253

Figure 150 – Kenya Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 253

Figure 151 – Mozambique Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 255

Figure 152 – Mozambique Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 255

Figure 153 – Nigeria Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 257

Figure 154 – Nigeria Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 257

Figure 155 – Tunisia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 259

Figure 156 – Tunisia Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 259

Figure 157 – Turkey Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 261

Figure 158 – Turkey Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 261

Figure 159 – Rest of MEA Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 263

Figure 160 – Rest of MEA Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 263

Figure 161 – Australia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 265

Figure 162 – Australia Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 265

Figure 163 – Bangladesh Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 267

Figure 164 – Bangladesh Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 267

Figure 165 – China Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 269

Figure 166 – China Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 269

Figure 167 – India Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 271

Figure 168 – India Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 271

Figure 169 – Indonesia Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 273

Figure 170 – Indonesia Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 273

Figure 171 – Japan Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 275

Figure 172 – Japan Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032…………………………………………. 275

Figure 173 – New Zealand Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 277

Figure 174 – New Zealand Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 277

Figure 175 – Pakistan Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………………………….. 279

Figure 176 – Pakistan Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 279

Figure 177 – Philippines Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 281

Figure 178 – Philippines Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 281

Figure 179 – South Korea Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032……………………………… 283

Figure 180 – South Korea Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………………. 283

Figure 181 – Rest of Asia-Pacific Geothermal Energy Market Size [$M] by Revenue Source – 2018-2032………………………….. 285

Figure 182 – Rest of Asia-Pacific Geothermal Energy Market Share [%] by 5 Revenue Sources – 2018-2032……………………… 285

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