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According to the latest report by GMI Research, Geothermal Power Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The Global Geothermal Power Marketexamines the impact of the COVID-19 pandemic. The market illustrates a sharp fall in 2020 and will then accelerate at a significant growth rate from 2021 onwards. Geothermal energy is a sustainable and renewable source of energy, obtained by extracting the internal heat from the Earth. The heat is used as a driver of the electrical generator.

Competitive Landscape:The Global Geothermal Power Market report also scans the competitive landscape and profiles the major players operating in the market,including Berkshire Hathaway Energy, Aboitiz Power, Enel Green Power North America Inc., Calpine Corporation Gradient Resources, and Chevron Corporation.

Request for a free sample report copy: https://www.gmiresearch.com/report/global-geothermal-power-market/sample-request

The Global Geothermal Power Market is becoming more mainstream in the coming years.

The growing emphasis on reducing GHG (Green House Gas) emission while producing reliable, and environment-friendly baseload power is the key factor boosting the demand of the Geothermal Power Market globally. Another significant factor accelerating the growth of the market is that geothermal energy can be easily exploited from natural geothermal reservoir without the need of any artificial energy resources. The governmentsare launching numerous initiatives such as financial benefits and tax rebates for promoting sustainable and renewable energy generation, which will further accelerate the growth of theGlobal Geothermal Power Market.

 

Flash technology is majorly used in the geothermal power market. Binary technology and dry stream are other technologies used in this market. The geothermal power requires less utilization of land, lowers visual impact, less dependent on weather, reduces environmental pollution and provides a higher degree of availability and capacity. The continuous technological development andcost-effective generation to reduce dependency on petroleum fuels is strongly driving the growth of the Global Geothermal Power Market.

 

For further information on these analyses, please visit:

 

Market Segments:

Breakup by End User:

  • Industrial
  • Commercial
  • Residential
  • Utility

Breakup by Application:

 

  • Power generation
  • District heating & cooling
  • Process heating & cooling

 

Breakup by Technology:

  • Flash
  • Binary
  • Dry Stream

 

Breakup by Material:

  • Molten salt
  • Water
  • Phase change material (PCM)
  • Others

 

Breakup by Storage

 

  • Latent heat storage
  • Thermo chemical storage
  • Sensible heat storage

 

Breakup by Industry

 

  • Agriculture
  • Power Generation
  • Industry Automation

Breakup by Region:

  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC

 

  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe

 

  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

 

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

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