The global enhanced geothermal systems market is projected to grow at a CAGR of 6.3% over the forecast period, i.e., 2023-2035. The major factors for the growth in the market are a surge in a number of start-ups in geothermal, along with the development of deep EGS. Furthermore, the market is also expanding on account of growing demand for electricity, and rising funding for renewable energy development. The market is estimated to garner a revenue of near to USD 4 Billion by the end of 2035, up from a revenue of about USD 2 Billion in the year 2022.
The global enhanced geothermal systems market is segmented into numerous segment which includes power station type, and end-user. On the basis of power station type segment, the market is further segmented into dry steam power stations, flash steam power stations, and binary cycle power stations. By the end of 2035, the flash steam power stations segment is projected to garner the largest revenue of around USD 2 Billion, up from a revenue of close to USD 1 Billion in the year 2022. This is since, this segment is considered to the most preferred solution in enhanced geothermal systems.
On the basis of region, the global enhanced geothermal systems market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America is estimated to capture the highest revenue of more than USD 2 Billion by the end of 2035, up from a revenue of close to USD 0.74 Billion in the year 2022.
Some of the prominent industry leaders in the global enhanced geothermal systems market that are included in our report are AltaRock Energy, Inc, Fuji Electric Co., Ltd, Calpine, Bestec GmbH, MITSUBISHI HEAVY INDUSTRIES, LTD, Enel SpA, Toshiba Corporation, Ansaldo Energia, Energy Development Corporation, and others.
The global enhanced geothermal systems market is segmented into numerous segment which includes power station type, and end-user. On the basis of power station type segment, the market is further segmented into dry steam power stations, flash steam power stations, and binary cycle power stations. By the end of 2035, the flash steam power stations segment is projected to garner the largest revenue of around USD 2 Billion, up from a revenue of close to USD 1 Billion in the year 2022. This is since, this segment is considered to the most preferred solution in enhanced geothermal systems.
On the basis of region, the global enhanced geothermal systems market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America is estimated to capture the highest revenue of more than USD 2 Billion by the end of 2035, up from a revenue of close to USD 0.74 Billion in the year 2022.
Some of the prominent industry leaders in the global enhanced geothermal systems market that are included in our report are AltaRock Energy, Inc, Fuji Electric Co., Ltd, Calpine, Bestec GmbH, MITSUBISHI HEAVY INDUSTRIES, LTD, Enel SpA, Toshiba Corporation, Ansaldo Energia, Energy Development Corporation, and others.
Table of Contents
1. Introduction
3. Research Methodology
6. Analysis of Market Dynamics
12. Global Economic Outlook: Challenges for Global Recovery and its Impact on Global Enhanced Geothermal Systems Market
16. Competitive Model: A Detailed Inside View for Investors
17. Global Enhanced Geothermal Systems Market Outlook
18. North America Enhanced Geothermal Systems Market Outlook
19. Europe Enhanced Geothermal Systems Market Outlook
20. Asia Pacific Enhanced Geothermal Systems Market Outlook
21. Latin America Enhanced Geothermal Systems Market Outlook
22. Middle East & Africa Enhanced Geothermal Systems Market Outlook
Companies Mentioned
- AltaRock Energy Inc.
- Fuji Electric Co. Ltd.
- Calpine
- Bestec GmbH
- MITSUBISHI HEAVY INDUSTRIES Ltd.
- Enel S.p.A.
- Toshiba Corporation
- Ansaldo Energia
- Energy Development Corporation
