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The geothermal drilling for power generation market is forecasted to grow by USD 216.4 million during 2023-2028, accelerating at a CAGR of 4.4% during the forecast period. The report on the geothermal drilling for power generation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for energy worldwide, need for efficient use of resources and reduction of emissions, and volatility in oil prices and increase in electricity prices boost demand for geothermal energy.
The geothermal drilling for power generation market is segmented as below:
By Application
- Binary plants
- Steam plants
By Area
- Below 1000m
- 1000-2000m
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the geothermal drilling for power generation market covers the following areas:
- Geothermal Drilling For Power Generation Market sizing
- Geothermal Drilling For Power Generation Market forecast
- Geothermal Drilling For Power Generation Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Area
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global geothermal drilling for power generation market: Baker Hughes Co., Deep Rock Manufacturing Co., Drillstar Industries, Fraste Spa, GA Drilling AS, Geotech Drilling Services Ltd., Gill Rock Drill Co. Inc., Halliburton Co., Huisman Equipment BV, Hydro Resources, KCA Deutag Alpha Ltd., KONYA SONDAJ, Laibe Corp., Marton Geotechnical Services Ltd., Ormat Technologies Inc., PT Pertamina Persero, Quaise Energy, Schlumberger Ltd., SIMCO Drilling Equipment Inc., and STDS Jantz GmbH and Co. KG.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is decarbonization initiatives."
According to the report, one of the major drivers for this market is the rising demand for energy worldwide.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Baker Hughes Co.
- Deep Rock Manufacturing Co.
- Drillstar Industries
- Fraste Spa
- GA Drilling AS
- Geotech Drilling Services Ltd.
- Gill Rock Drill Co. Inc.
- Halliburton Co.
- Huisman Equipment BV
- Hydro Resources
- KCA Deutag Alpha Ltd.
- KONYA SONDAJ
- Laibe Corp.
- Marton Geotechnical Services Ltd.
- Ormat Technologies Inc.
- PT Pertamina Persero
- Quaise Energy
- Schlumberger Ltd.
- SIMCO Drilling Equipment Inc.
- STDS Jantz GmbH and Co. KG
