Engineered Geothermal Systems is a technology that harnesses geothermal energy by injecting liquid underground to enhance geothermal energy production. Traditional geothermal energy systems rely on naturally occurring hot water and steam resources, while EGS can expand the scope of geothermal energy extraction and improve energy production efficiency. The key to the EGS system is to create and maintain an artificial fracture network and ensure the stability and efficiency of hydrothermal circulation. This requires careful assessment and control of subsurface geological conditions and managing the system with appropriate injection pressures, flows and temperatures. The advantage of EGS technology is that it can develop a wider range of geothermal resources, reduce dependence on specific hot spots in the region, and effectively utilize underground thermal energy. It is expected to provide an important energy supplement for the development of renewable energy and reduce the demand for traditional fossil fuels, thereby reducing greenhouse gas emissions. However, EGS technology also faces some challenges, such as underground injection of liquid that may cause earthquakes, rock crack stability and other issues, so it needs to be treated with caution during implementation. In recent years, scientists and engineers have been working hard to overcome these challenges to promote the development and commercial application of EGS technology.
The global Engineered Geothermal Systems market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Engineered Geothermal Systems is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Engineered Geothermal Systems is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Engineered Geothermal Systems include AltaRock Energy, Ormat Technologies, Geodynamics, Sandia National Laboratories, Fervo Energy, Sage Geosystems, Calpine, Enel Green Power and Welltec, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Engineered Geothermal Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Engineered Geothermal Systems.
Report Scope
The Engineered Geothermal Systems market size, estimations, and forecasts are provided in terms of output/shipments (kWh) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Engineered Geothermal Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Engineered Geothermal Systems manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
AltaRock Energy
Ormat Technologies
Geodynamics
Sandia National Laboratories
Fervo Energy
Sage Geosystems
Calpine
Enel Green Power
Welltec
Energy Development
GreenFire Energy
Pertamina
Bestec
Chevron
BHE Renewables
Segment by Type
Single Well Circulation
Double Well Circulation
Others
Segment by Application
Generate Electricity
Heating
Industrial Production
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Engineered Geothermal Systems manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Engineered Geothermal Systems by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Engineered Geothermal Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Engineered Geothermal Systems Market Overview
1.1 Product Definition
1.2 Engineered Geothermal Systems Segment by Type
1.2.1 Global Engineered Geothermal Systems Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Single Well Circulation
1.2.3 Double Well Circulation
1.2.4 Others
1.3 Engineered Geothermal Systems Segment by Application
1.3.1 Global Engineered Geothermal Systems Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Generate Electricity
1.3.3 Heating
1.3.4 Industrial Production
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Engineered Geothermal Systems Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Engineered Geothermal Systems Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Engineered Geothermal Systems Production Estimates and Forecasts (2019-2030)
1.4.4 Global Engineered Geothermal Systems Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Engineered Geothermal Systems Production Market Share by Manufacturers (2019-2024)
2.2 Global Engineered Geothermal Systems Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Engineered Geothermal Systems, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Engineered Geothermal Systems Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Engineered Geothermal Systems Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Engineered Geothermal Systems, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Engineered Geothermal Systems, Product Offered and Application
2.8 Global Key Manufacturers of Engineered Geothermal Systems, Date of Enter into This Industry
2.9 Engineered Geothermal Systems Market Competitive Situation and Trends
2.9.1 Engineered Geothermal Systems Market Concentration Rate
2.9.2 Global 5 and 10 Largest Engineered Geothermal Systems Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Engineered Geothermal Systems Production by Region
3.1 Global Engineered Geothermal Systems Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Engineered Geothermal Systems Production Value by Region (2019-2030)
3.2.1 Global Engineered Geothermal Systems Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Engineered Geothermal Systems by Region (2025-2030)
3.3 Global Engineered Geothermal Systems Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Engineered Geothermal Systems Production by Region (2019-2030)
3.4.1 Global Engineered Geothermal Systems Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Engineered Geothermal Systems by Region (2025-2030)
3.5 Global Engineered Geothermal Systems Market Price Analysis by Region (2019-2024)
3.6 Global Engineered Geothermal Systems Production and Value, Year-over-Year Growth
3.6.1 North America Engineered Geothermal Systems Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Engineered Geothermal Systems Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Engineered Geothermal Systems Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Engineered Geothermal Systems Production Value Estimates and Forecasts (2019-2030)
4 Engineered Geothermal Systems Consumption by Region
4.1 Global Engineered Geothermal Systems Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Engineered Geothermal Systems Consumption by Region (2019-2030)
4.2.1 Global Engineered Geothermal Systems Consumption by Region (2019-2024)
4.2.2 Global Engineered Geothermal Systems Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Engineered Geothermal Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Engineered Geothermal Systems Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Engineered Geothermal Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Engineered Geothermal Systems Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Engineered Geothermal Systems Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Engineered Geothermal Systems Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Engineered Geothermal Systems Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Engineered Geothermal Systems Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Engineered Geothermal Systems Production by Type (2019-2030)
5.1.1 Global Engineered Geothermal Systems Production by Type (2019-2024)
5.1.2 Global Engineered Geothermal Systems Production by Type (2025-2030)
5.1.3 Global Engineered Geothermal Systems Production Market Share by Type (2019-2030)
5.2 Global Engineered Geothermal Systems Production Value by Type (2019-2030)
5.2.1 Global Engineered Geothermal Systems Production Value by Type (2019-2024)
5.2.2 Global Engineered Geothermal Systems Production Value by Type (2025-2030)
5.2.3 Global Engineered Geothermal Systems Production Value Market Share by Type (2019-2030)
5.3 Global Engineered Geothermal Systems Price by Type (2019-2030)
6 Segment by Application
6.1 Global Engineered Geothermal Systems Production by Application (2019-2030)
6.1.1 Global Engineered Geothermal Systems Production by Application (2019-2024)
6.1.2 Global Engineered Geothermal Systems Production by Application (2025-2030)
6.1.3 Global Engineered Geothermal Systems Production Market Share by Application (2019-2030)
6.2 Global Engineered Geothermal Systems Production Value by Application (2019-2030)
6.2.1 Global Engineered Geothermal Systems Production Value by Application (2019-2024)
6.2.2 Global Engineered Geothermal Systems Production Value by Application (2025-2030)
6.2.3 Global Engineered Geothermal Systems Production Value Market Share by Application (2019-2030)
6.3 Global Engineered Geothermal Systems Price by Application (2019-2030)
7 Key Companies Profiled
7.1 AltaRock Energy
7.1.1 AltaRock Energy Engineered Geothermal Systems Corporation Information
7.1.2 AltaRock Energy Engineered Geothermal Systems Product Portfolio
7.1.3 AltaRock Energy Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.1.4 AltaRock Energy Main Business and Markets Served
7.1.5 AltaRock Energy Recent Developments/Updates
7.2 Ormat Technologies
7.2.1 Ormat Technologies Engineered Geothermal Systems Corporation Information
7.2.2 Ormat Technologies Engineered Geothermal Systems Product Portfolio
7.2.3 Ormat Technologies Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Ormat Technologies Main Business and Markets Served
7.2.5 Ormat Technologies Recent Developments/Updates
7.3 Geodynamics
7.3.1 Geodynamics Engineered Geothermal Systems Corporation Information
7.3.2 Geodynamics Engineered Geothermal Systems Product Portfolio
7.3.3 Geodynamics Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Geodynamics Main Business and Markets Served
7.3.5 Geodynamics Recent Developments/Updates
7.4 Sandia National Laboratories
7.4.1 Sandia National Laboratories Engineered Geothermal Systems Corporation Information
7.4.2 Sandia National Laboratories Engineered Geothermal Systems Product Portfolio
7.4.3 Sandia National Laboratories Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Sandia National Laboratories Main Business and Markets Served
7.4.5 Sandia National Laboratories Recent Developments/Updates
7.5 Fervo Energy
7.5.1 Fervo Energy Engineered Geothermal Systems Corporation Information
7.5.2 Fervo Energy Engineered Geothermal Systems Product Portfolio
7.5.3 Fervo Energy Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Fervo Energy Main Business and Markets Served
7.5.5 Fervo Energy Recent Developments/Updates
7.6 Sage Geosystems
7.6.1 Sage Geosystems Engineered Geothermal Systems Corporation Information
7.6.2 Sage Geosystems Engineered Geothermal Systems Product Portfolio
7.6.3 Sage Geosystems Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Sage Geosystems Main Business and Markets Served
7.6.5 Sage Geosystems Recent Developments/Updates
7.7 Calpine
7.7.1 Calpine Engineered Geothermal Systems Corporation Information
7.7.2 Calpine Engineered Geothermal Systems Product Portfolio
7.7.3 Calpine Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Calpine Main Business and Markets Served
7.7.5 Calpine Recent Developments/Updates
7.8 Enel Green Power
7.8.1 Enel Green Power Engineered Geothermal Systems Corporation Information
7.8.2 Enel Green Power Engineered Geothermal Systems Product Portfolio
7.8.3 Enel Green Power Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Enel Green Power Main Business and Markets Served
7.7.5 Enel Green Power Recent Developments/Updates
7.9 Welltec
7.9.1 Welltec Engineered Geothermal Systems Corporation Information
7.9.2 Welltec Engineered Geothermal Systems Product Portfolio
7.9.3 Welltec Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Welltec Main Business and Markets Served
7.9.5 Welltec Recent Developments/Updates
7.10 Energy Development
7.10.1 Energy Development Engineered Geothermal Systems Corporation Information
7.10.2 Energy Development Engineered Geothermal Systems Product Portfolio
7.10.3 Energy Development Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Energy Development Main Business and Markets Served
7.10.5 Energy Development Recent Developments/Updates
7.11 GreenFire Energy
7.11.1 GreenFire Energy Engineered Geothermal Systems Corporation Information
7.11.2 GreenFire Energy Engineered Geothermal Systems Product Portfolio
7.11.3 GreenFire Energy Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.11.4 GreenFire Energy Main Business and Markets Served
7.11.5 GreenFire Energy Recent Developments/Updates
7.12 Pertamina
7.12.1 Pertamina Engineered Geothermal Systems Corporation Information
7.12.2 Pertamina Engineered Geothermal Systems Product Portfolio
7.12.3 Pertamina Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Pertamina Main Business and Markets Served
7.12.5 Pertamina Recent Developments/Updates
7.13 Bestec
7.13.1 Bestec Engineered Geothermal Systems Corporation Information
7.13.2 Bestec Engineered Geothermal Systems Product Portfolio
7.13.3 Bestec Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Bestec Main Business and Markets Served
7.13.5 Bestec Recent Developments/Updates
7.14 Chevron
7.14.1 Chevron Engineered Geothermal Systems Corporation Information
7.14.2 Chevron Engineered Geothermal Systems Product Portfolio
7.14.3 Chevron Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Chevron Main Business and Markets Served
7.14.5 Chevron Recent Developments/Updates
7.15 BHE Renewables
7.15.1 BHE Renewables Engineered Geothermal Systems Corporation Information
7.15.2 BHE Renewables Engineered Geothermal Systems Product Portfolio
7.15.3 BHE Renewables Engineered Geothermal Systems Production, Value, Price and Gross Margin (2019-2024)
7.15.4 BHE Renewables Main Business and Markets Served
7.15.5 BHE Renewables Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Engineered Geothermal Systems Industry Chain Analysis
8.2 Engineered Geothermal Systems Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Engineered Geothermal Systems Production Mode & Process
8.4 Engineered Geothermal Systems Sales and Marketing
8.4.1 Engineered Geothermal Systems Sales Channels
8.4.2 Engineered Geothermal Systems Distributors
8.5 Engineered Geothermal Systems Customers
9 Engineered Geothermal Systems Market Dynamics
9.1 Engineered Geothermal Systems Industry Trends
9.2 Engineered Geothermal Systems Market Drivers
9.3 Engineered Geothermal Systems Market Challenges
9.4 Engineered Geothermal Systems Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
AltaRock Energy
Ormat Technologies
Geodynamics
Sandia National Laboratories
Fervo Energy
Sage Geosystems
Calpine
Enel Green Power
Welltec
Energy Development
GreenFire Energy
Pertamina
Bestec
Chevron
BHE Renewables
听
听
*If Applicable.