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.

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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.


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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)


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