The global Geothermal Energy market size was valued at US$ 135480 million in 2024 and is forecast to a readjusted size of USD 217700 million by 2031 with a CAGR of 7.1% during review period.
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In terms of type, there are two types of geothermal energy: hydrothermal geothermal energy and hot dry rock geothermal energy, of which the hot dry rock geothermal energy holds the biggest share over 90%. And in terms of application, direct use and geothermal power are the main applications of geothermal energy.The direct use is the largest application that holds a share about 87%. The main players are Energy Development, misi贸n Federal de Electricidad and Ormat, etc.
This report is a detailed and comprehensive analysis for global Geothermal Energy market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Geothermal Energy market size and forecasts, in consumption value ($ Million), 2020-2031
Global Geothermal Energy market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Geothermal Energy market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Geothermal Energy market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Geothermal Energy
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Geothermal Energy market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Energy Development, Comisi贸n Federal de Electricidad, Ormat, Enel Green Power, Calpine, KenGen, Pertamina Geothermal Energy, Contact Energy, Orkuveita Reykjavikur, Star Energy Ltd, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Geothermal Energy market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Hydrothermal Geothermal Energy
Hot Dry Rock Geothermal Energy
Market segment by Application
Direct Use
Geothermal Power
Market segment by players, this report covers
Energy Development
Comisi贸n Federal de Electricidad
Ormat
Enel Green Power
Calpine
KenGen
Pertamina Geothermal Energy
Contact Energy
Orkuveita Reykjavikur
Star Energy Ltd
Berkshire Hathaway Energy
Northern California Power Agency
HS Orka
Cyrq Energy
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Geothermal Energy product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Geothermal Energy, with revenue, gross margin, and global market share of Geothermal Energy from 2020 to 2025.
Chapter 3, the Geothermal Energy competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Geothermal Energy market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Geothermal Energy.
Chapter 13, to describe Geothermal Energy research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Geothermal Energy by Type
1.3.1 Overview: Global Geothermal Energy Market Size by Type: 2020 Versus 2024 Versus 2031
1.3.2 Global Geothermal Energy Consumption Value Market Share by Type in 2024
1.3.3 Hydrothermal Geothermal Energy
1.3.4 Hot Dry Rock Geothermal Energy
1.4 Global Geothermal Energy Market by Application
1.4.1 Overview: Global Geothermal Energy Market Size by Application: 2020 Versus 2024 Versus 2031
1.4.2 Direct Use
1.4.3 Geothermal Power
1.5 Global Geothermal Energy Market Size & Forecast
1.6 Global Geothermal Energy Market Size and Forecast by Region
1.6.1 Global Geothermal Energy Market Size by Region: 2020 VS 2024 VS 2031
1.6.2 Global Geothermal Energy Market Size by Region, (2020-2031)
1.6.3 North America Geothermal Energy Market Size and Prospect (2020-2031)
1.6.4 Europe Geothermal Energy Market Size and Prospect (2020-2031)
1.6.5 Asia-Pacific Geothermal Energy Market Size and Prospect (2020-2031)
1.6.6 South America Geothermal Energy Market Size and Prospect (2020-2031)
1.6.7 Middle East & Africa Geothermal Energy Market Size and Prospect (2020-2031)
2 Company Profiles
2.1 Energy Development
2.1.1 Energy Development Details
2.1.2 Energy Development Major Business
2.1.3 Energy Development Geothermal Energy Product and Solutions
2.1.4 Energy Development Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Energy Development Recent Developments and Future Plans
2.2 Comisi贸n Federal de Electricidad
2.2.1 Comisi贸n Federal de Electricidad Details
2.2.2 Comisi贸n Federal de Electricidad Major Business
2.2.3 Comisi贸n Federal de Electricidad Geothermal Energy Product and Solutions
2.2.4 Comisi贸n Federal de Electricidad Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 Comisi贸n Federal de Electricidad Recent Developments and Future Plans
2.3 Ormat
2.3.1 Ormat Details
2.3.2 Ormat Major Business
2.3.3 Ormat Geothermal Energy Product and Solutions
2.3.4 Ormat Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 Ormat Recent Developments and Future Plans
2.4 Enel Green Power
2.4.1 Enel Green Power Details
2.4.2 Enel Green Power Major Business
2.4.3 Enel Green Power Geothermal Energy Product and Solutions
2.4.4 Enel Green Power Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Enel Green Power Recent Developments and Future Plans
2.5 Calpine
2.5.1 Calpine Details
2.5.2 Calpine Major Business
2.5.3 Calpine Geothermal Energy Product and Solutions
2.5.4 Calpine Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Calpine Recent Developments and Future Plans
2.6 KenGen
2.6.1 KenGen Details
2.6.2 KenGen Major Business
2.6.3 KenGen Geothermal Energy Product and Solutions
2.6.4 KenGen Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 KenGen Recent Developments and Future Plans
2.7 Pertamina Geothermal Energy
2.7.1 Pertamina Geothermal Energy Details
2.7.2 Pertamina Geothermal Energy Major Business
2.7.3 Pertamina Geothermal Energy Geothermal Energy Product and Solutions
2.7.4 Pertamina Geothermal Energy Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 Pertamina Geothermal Energy Recent Developments and Future Plans
2.8 Contact Energy
2.8.1 Contact Energy Details
2.8.2 Contact Energy Major Business
2.8.3 Contact Energy Geothermal Energy Product and Solutions
2.8.4 Contact Energy Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Contact Energy Recent Developments and Future Plans
2.9 Orkuveita Reykjavikur
2.9.1 Orkuveita Reykjavikur Details
2.9.2 Orkuveita Reykjavikur Major Business
2.9.3 Orkuveita Reykjavikur Geothermal Energy Product and Solutions
2.9.4 Orkuveita Reykjavikur Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Orkuveita Reykjavikur Recent Developments and Future Plans
2.10 Star Energy Ltd
2.10.1 Star Energy Ltd Details
2.10.2 Star Energy Ltd Major Business
2.10.3 Star Energy Ltd Geothermal Energy Product and Solutions
2.10.4 Star Energy Ltd Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Star Energy Ltd Recent Developments and Future Plans
2.11 Berkshire Hathaway Energy
2.11.1 Berkshire Hathaway Energy Details
2.11.2 Berkshire Hathaway Energy Major Business
2.11.3 Berkshire Hathaway Energy Geothermal Energy Product and Solutions
2.11.4 Berkshire Hathaway Energy Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 Berkshire Hathaway Energy Recent Developments and Future Plans
2.12 Northern California Power Agency
2.12.1 Northern California Power Agency Details
2.12.2 Northern California Power Agency Major Business
2.12.3 Northern California Power Agency Geothermal Energy Product and Solutions
2.12.4 Northern California Power Agency Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Northern California Power Agency Recent Developments and Future Plans
2.13 HS Orka
2.13.1 HS Orka Details
2.13.2 HS Orka Major Business
2.13.3 HS Orka Geothermal Energy Product and Solutions
2.13.4 HS Orka Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.13.5 HS Orka Recent Developments and Future Plans
2.14 Cyrq Energy
2.14.1 Cyrq Energy Details
2.14.2 Cyrq Energy Major Business
2.14.3 Cyrq Energy Geothermal Energy Product and Solutions
2.14.4 Cyrq Energy Geothermal Energy Revenue, Gross Margin and Market Share (2020-2025)
2.14.5 Cyrq Energy Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Geothermal Energy Revenue and Share by Players (2020-2025)
3.2 Market Share Analysis (2024)
3.2.1 Market Share of Geothermal Energy by Company Revenue
3.2.2 Top 3 Geothermal Energy Players Market Share in 2024
3.2.3 Top 6 Geothermal Energy Players Market Share in 2024
3.3 Geothermal Energy Market: Overall Company Footprint Analysis
3.3.1 Geothermal Energy Market: Region Footprint
3.3.2 Geothermal Energy Market: Company Product Type Footprint
3.3.3 Geothermal Energy Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Geothermal Energy Consumption Value and Market Share by Type (2020-2025)
4.2 Global Geothermal Energy Market Forecast by Type (2026-2031)
5 Market Size Segment by Application
5.1 Global Geothermal Energy Consumption Value Market Share by Application (2020-2025)
5.2 Global Geothermal Energy Market Forecast by Application (2026-2031)
6 North America
6.1 North America Geothermal Energy Consumption Value by Type (2020-2031)
6.2 North America Geothermal Energy Market Size by Application (2020-2031)
6.3 North America Geothermal Energy Market Size by Country
6.3.1 North America Geothermal Energy Consumption Value by Country (2020-2031)
6.3.2 United States Geothermal Energy Market Size and Forecast (2020-2031)
6.3.3 Canada Geothermal Energy Market Size and Forecast (2020-2031)
6.3.4 Mexico Geothermal Energy Market Size and Forecast (2020-2031)
7 Europe
7.1 Europe Geothermal Energy Consumption Value by Type (2020-2031)
7.2 Europe Geothermal Energy Consumption Value by Application (2020-2031)
7.3 Europe Geothermal Energy Market Size by Country
7.3.1 Europe Geothermal Energy Consumption Value by Country (2020-2031)
7.3.2 Germany Geothermal Energy Market Size and Forecast (2020-2031)
7.3.3 France Geothermal Energy Market Size and Forecast (2020-2031)
7.3.4 United Kingdom Geothermal Energy Market Size and Forecast (2020-2031)
7.3.5 Russia Geothermal Energy Market Size and Forecast (2020-2031)
7.3.6 Italy Geothermal Energy Market Size and Forecast (2020-2031)
8 Asia-Pacific
8.1 Asia-Pacific Geothermal Energy Consumption Value by Type (2020-2031)
8.2 Asia-Pacific Geothermal Energy Consumption Value by Application (2020-2031)
8.3 Asia-Pacific Geothermal Energy Market Size by Region
8.3.1 Asia-Pacific Geothermal Energy Consumption Value by Region (2020-2031)
8.3.2 China Geothermal Energy Market Size and Forecast (2020-2031)
8.3.3 Japan Geothermal Energy Market Size and Forecast (2020-2031)
8.3.4 South Korea Geothermal Energy Market Size and Forecast (2020-2031)
8.3.5 India Geothermal Energy Market Size and Forecast (2020-2031)
8.3.6 Southeast Asia Geothermal Energy Market Size and Forecast (2020-2031)
8.3.7 Australia Geothermal Energy Market Size and Forecast (2020-2031)
9 South America
9.1 South America Geothermal Energy Consumption Value by Type (2020-2031)
9.2 South America Geothermal Energy Consumption Value by Application (2020-2031)
9.3 South America Geothermal Energy Market Size by Country
9.3.1 South America Geothermal Energy Consumption Value by Country (2020-2031)
9.3.2 Brazil Geothermal Energy Market Size and Forecast (2020-2031)
9.3.3 Argentina Geothermal Energy Market Size and Forecast (2020-2031)
10 Middle East & Africa
10.1 Middle East & Africa Geothermal Energy Consumption Value by Type (2020-2031)
10.2 Middle East & Africa Geothermal Energy Consumption Value by Application (2020-2031)
10.3 Middle East & Africa Geothermal Energy Market Size by Country
10.3.1 Middle East & Africa Geothermal Energy Consumption Value by Country (2020-2031)
10.3.2 Turkey Geothermal Energy Market Size and Forecast (2020-2031)
10.3.3 Saudi Arabia Geothermal Energy Market Size and Forecast (2020-2031)
10.3.4 UAE Geothermal Energy Market Size and Forecast (2020-2031)
11 Market Dynamics
11.1 Geothermal Energy Market Drivers
11.2 Geothermal Energy Market Restraints
11.3 Geothermal Energy Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Geothermal Energy Industry Chain
12.2 Geothermal Energy Upstream Analysis
12.3 Geothermal Energy Midstream Analysis
12.4 Geothermal Energy Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
Energy Development
Comisi贸n Federal de Electricidad
Ormat
Enel Green Power
Calpine
KenGen
Pertamina Geothermal Energy
Contact Energy
Orkuveita Reykjavikur
Star Energy Ltd
Berkshire Hathaway Energy
Northern California Power Agency
HS Orka
Cyrq Energy
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*If Applicable.