The geothermal energy market is estimated to grow from USD 7.0 Billion in 2022 to USD 9.4 Billion by 2027; it is expected to record a CAGR of 5.9% during the forecast period. Geothermal energy market is driven by major factors such as need for renewable power generation, increasing adoption of ground source heat pumps (GHP), and favorable government policies
Power Generation segment is expected to emerge as the largest segment based on application
By application, the geothermal energy market has been segmented into power generation, residential heating and cooling, commercial heating and cooling, and others. The power generation segment is expected to be the largest segment during the forecast period due to the increasing demand for sustainable energy in every sector. Also, geothermal energy is preferred over other renewable forms of energy such as wind, solar, and hydropower for power generation.
Flash Steam Plants segment is expected to emerge as the second largest segment based on technology
By technology, the geothermal energy market has been segmented into Binary Cycle plants, Flash Steam Plants, Dry Steam Plants, Ground Source Heat Pumps, Direct Systems, and others. The Flash Steam Plants segment is expected to be the second largest segment during the forecast period. The Flash steam plants vary in size depending on whether they are single- (0.2-80 MW), double - (2-110 MW), & triple-flash (60- 150 MW) plants. It produces about 27 kg/MWh of CO2 emissions while a binary power plant produces zero CO2 emissions. As per the favorable government policies and mature technology of dry steam plants are expected to drive the geothermal energy market.
Europe is expected to be the second largest market during the forecast period.
Europe is expected to be the second-fastest growing market due to the advancements in suitable geographical areas and many countries focused on the use of geothermal energy for electricity production and other applications and their increased high investment for new projects in the region are expected to drive the growth of the geothermal energy market in Europe.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 65%, Tier 2- 24%and Tier 3- 11%
- By Designation: C-Level- 30%, Managers- 25%, and Others- 45%
- By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, the Middle East & Africa- 8%, and South America- 12%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The geothermal energy market is dominated by a few major players that have a wide regional presence. The leading players in the geothermal energy market are Ormat (US), Mitsubishi Heavy Industries, Ltd. (Japan), Baker Hughes Company (US), NIBE Group (Sweden), and SLB (US).
Research Coverage:
The report defines, describes, and forecasts the global geothermal energy market, by technology, temperature, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the geothermal energy market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for geothermal energy, which would help equipment manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them to make better strategic decisions.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions & Exclusions
1.3.1 Geothermal Energy Market, by Technology: Inclusions & Exclusions
1.3.2 Market, by Temperature: Inclusions & Exclusions
1.3.3 Market, by Application: Inclusions & Exclusions
1.4 Market Scope
1.4.1 Geothermal Energy Market: Segmentation
1.4.2 Regional Scope
1.4.3 Years Considered
1.5 Units Considered
1.6 Currency Considered
1.7 Recession Impact
1.8 Summary of Changes
1.9 Limitations
1.10 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 1 Geothermal Energy Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
2.3 Scope
Figure 3 Main Metrics Considered to Construct and Assess Demand for Geothermal Energy Systems
2.4 Market Size Estimation
2.4.1 Demand-Side Analysis
Figure 4 Geothermal Energy Market: Region-Wise Analysis
2.4.1.1 Calculation
2.4.1.2 Assumptions
2.4.2 Supply-Side Analysis
Figure 5 Market: Supply-Side Analysis
Figure 6 Key Metrics Considered to Assess Supply of Geothermal Energy Systems
2.4.3 Forecast
3 Executive Summary
Table 1 Geothermal Energy Market Snapshot
Figure 7 Binary Cycle Plants Segment to Lead Market, by Technology, During Forecast Period
Figure 8 Medium Temperature Segment to Register Highest CAGR in Market, by Temperature, During Forecast Period
Figure 9 Power Generation Segment to Dominate Market, by Application, During Forecast Period
Figure 10 Asia-Pacific to Account for Largest Share of Market Between 2022 and 2027
4 Premium Insights
4.1 Attractive Opportunities for Geothermal Energy Market Players
Figure 11 Favorable Renewable Energy Policies to Drive Market During 2022-2027
4.2 Market, by Region
Figure 12 Asia-Pacific Market to Register Highest CAGR During Forecast Period
4.3 Market, by Technology
Figure 13 Binary Cycle Plants Segment Dominated Market in 2021
4.4 Market, by Temperature
Figure 14 Medium Temperature Segment Accounted for Largest Share of Market in 2021
4.5 Market, by Application
Figure 15 Power Generation Segment Held Largest Share of Market in 2021
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Geothermal Energy Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Surging Demand for Ground Source/Geothermal Heat Pumps
Figure 17 Energy Consumption in US, by Sector, 2021
Figure 18 Air Conditioning Usage in US Households, 2001-2020
5.2.1.2 Favorable Government Policies and Initiatives
Figure 19 Geothermal Technologies Office Fiscal Year Appropriations in US, 2012-2021
5.2.1.3 Use of Geothermal Energy for Power Generation
Figure 20 Global Cumulative Geothermal Electricity Generation Capacity, 2015-2021
Figure 21 Geothermal Electricity Capacity (Mw), by Country, 2021
5.2.1.4 Focus on Addressing Climate Crisis and Reducing Greenhouse Gas Emissions
Figure 22 Greenhouse Gas and Co2 Emissions in US, 2010-2021
5.2.2 Restraints
5.2.2.1 High Growth of Solar, Wind, Gas, and Other Alternative Renewable Energy Sources
Figure 23 Global Installed Power Generation Capacity, by Source, 2015-2021
5.2.2.2 Lack of Exploration and Drilling Techniques Required to Identify and Develop Undiscovered Geothermal Resources
5.2.2.3 Expensive Geothermal Well Drilling Leading to High Upfront Project Costs
5.2.3 Opportunities
5.2.3.1 Emergence of Advanced Technologies and Rise of Geothermal 2.0
5.2.3.2 Co-Production and Conversion of Oil and Gas Wells for Geothermal Energy
Table 2 Major Developments Pertaining to Use of Oil and Gas Wells for Geothermal Installations
5.2.3.3 Geothermal Potential for Low- and Medium-Temperature Resources
5.2.3.4 Mineral Extraction Using Geothermal Energy
5.2.4 Challenges
5.2.4.1 Acquisition of Power Purchase Agreements (Ppas)
5.2.4.2 Multiple Environmental Reviews and Assessments Associated with Geothermal Projects
Figure 24 Example of Timeline of Geothermal Project on Federal Lands
5.2.4.3 Absence of Geothermal Professionals, Consultants, and Businesses
Table 3 Personnel Requirements in Different Stages of Geothermal Development (50 Mw)
5.3 Trends/Disruptions Impacting Customer Business
5.3.1 Revenue Shifts and New Revenue Pockets for Geothermal Energy System Providers
Figure 25 Revenue Shifts for Geothermal Energy System Providers
5.4 Market Map
Figure 26 Market Map: Geothermal Energy Market
Table 4 Market: Role in Ecosystem
5.5 Supply Chain Analysis
5.5.1 Supply Chain Analysis of Geothermal Combined Heat and Power Generation
Figure 27 Supply Chain Analysis: Geothermal Combined Heat and Power Generation
5.5.1.1 Exploration & Feasibility
5.5.1.2 Development
5.5.1.3 Drilling
5.5.1.4 Front-End Engineering and Design (Feed)
5.5.1.5 Manufacturing
5.5.1.6 Construction/Engineering, Procurement, and Construction (Epc)
5.5.1.7 Operations and Maintenance
5.5.2 Supply Chain Analysis of Market for Ground Source/Geothermal Heat Pumps
Figure 28 Supply Chain Analysis: Geothermal Energy Market - Ground Source/Geothermal Heat Pumps
5.5.2.1 Raw Material Suppliers
5.5.2.2 Original Equipment Manufacturers (Oems)
5.5.2.3 Distributors
5.5.2.4 End-users
5.6 Key Conferences & Events, 2022-2023
Table 5 Market: List of Conferences & Events
5.7 Codes, Policies, and Regulations
5.7.1 Codes, Policies, and Regulations Related to Geothermal Energy Systems
Table 6 Geothermal Energy Systems: Codes and Regulations
5.7.2 Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Global: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.8 Patent Analysis
Table 12 Geothermal Energy Systems: Innovations and Patent Registrations, April 2015-May 2022
5.9 Porter's Five Forces Analysis
Figure 29 Geothermal Energy Market: Porter's Five Forces Analysis
Table 13 Market: Porter's Five Forces Analysis
5.9.1 Threat of Substitutes
5.9.2 Bargaining Power of Suppliers
5.9.3 Bargaining Power of Buyers
5.9.4 Threat of New Entrants
5.9.5 Intensity of Competitive Rivalry
5.10 Case Study Analysis
5.10.1 Energy-Efficient Geothermal Heating and Cooling at Detached House in Westhoffen, France
5.10.1.1 Problem Statement
5.10.1.2 Solution
5.10.2 Elderly Accommodation Center in Meung Sur Loire, France, Uses Geothermal Energy for Heating and Cooling
5.10.2.1 Problem Statement
5.10.2.2 Solution
5.10.3 Château Pontet-Canet Winery Sustainably Uses Geothermal Energy at Vineyard
5.10.3.1 Problem Statement
5.10.3.2 Solution
5.10.4 Mitsubishi Heavy Industries Supports Geothermal Development in Kenya
5.10.4.1 Problem Statement
5.10.4.2 Solution
5.11 Geothermal Resources
5.11.1 Geothermal Heat-Pump Resources
5.11.2 Hydrothermal Resources
5.11.3 Unconventional Resources (Enhanced Geothermal Systems)
5.12 Technology Analysis
5.12.1 Enhanced Geothermal Resources
5.12.2 Advanced Geothermal Resources
5.12.3 Closed-Loop Geothermal (Clg) Energy
5.12.4 Dispatchable Geothermal Plants
5.12.5 Underground Thermal Energy Storage
5.13 Trade Data
Figure 30 Global Import and Export Scenario for Hs Code 840681, 2018-2021 (USD Billion)
Table 14 Global Trade Data for Hs Code 840681, 2018-2021 (USD Million)
Figure 31 Global Import and Export Scenario for Hs Code 840682, 2018-2021 (USD Billion)
Table 15 Global Trade Data for Hs Code 840682, 2018-2021 (USD Million)
Figure 32 Global Import and Export Scenario for Hs Code: 841861, 2018-2021 (USD Billion)
Table 16 Global Trade Data for Hs Code: 841861, 2018-2021 (USD Million)
5.14 Key Stakeholders & Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Figure 33 Influence of Stakeholders on Buying Process, by End-user
Table 17 Influence of Stakeholders on Buying Process, by End-user (%)
5.14.2 Buying Criteria
Figure 34 Key Buying Criteria for End-users
Table 18 Key Buying Criteria, by End-user
5.15 Average Capital Expenditure Price Trend
Figure 35 Average Capex of Different Types of Geothermal Power Plants in Various Regions
Table 19 Average Capex of Different Types of Geothermal Power Plants in Various Regions (Usd/Kw)
6 Geothermal Energy Market, by Technology
6.1 Introduction
Figure 36 Market, by Technology, 2021
Table 20 Geothermal Energy Market, by Technology, 2020-2027 (USD Million)
6.2 Binary Cycle Plants
6.2.1 Ability to Utilize Medium-Temperature Reservoirs Driving Market
Table 21 Binary Cycle Plants: Market, by Region, 2020-2027 (USD Million)
6.3 Dry Steam Plants
6.3.1 Large Installed Base of Dry Steam Technology Driving Market
Table 22 Dry Steam Plants: Market F, by Region, 2020-2027 (USD Million)
6.4 Flash Steam Plants
6.4.1 Favorable Government Policies and Mature Technology of Flash Steam Plants to Support Market Growth
Table 23 Flash Steam Plants: Market, by Region, 2020-2027 (USD Million)
6.5 Ground Source Heat Pumps
6.5.1 Low Operational Cost and High Efficiency to Propel Adoption
Table 24 Ground Source Heat Pumps: Market, by Region, 2020-2027 (USD Million)
6.6 Direct Systems
6.6.1 Simplicity and Efficiency of Direct-Use Systems to Fuel Demand
Table 25 Direct Systems: Market, by Region, 2020-2027 (USD Million)
6.7 Others
Table 26 Others: Market, by Region, 2020-2027 (USD Million)
7 Geothermal Energy Market, by Temperature
7.1 Introduction
Figure 37 Market, by Temperature, 2021
Table 27 Geothermal Energy Market, by Temperature, 2020-2027 (USD Million)
7.2 Low Temperature (Less Than 90°C)
7.2.1 Low-Temperature Geothermal Resources Used for Direct Applications
Table 28 Low Temperature: Market, by Region, 2020-2027 (USD Million)
7.3 Medium Temperature (90-150°C)
7.3.1 Medium-Temperature Fields Increasingly Used for Electricity Generation
Table 29 Medium Temperature: Market, by Region, 2020-2027 (USD Million)
7.4 High Temperature (Above 150°C)
7.4.1 High-Temperature Geothermal Energy Found in Volcanic and Seismically Active Regions
Table 30 High Temperature: Market, by Region, 2020-2027 (USD Million)
8 Geothermal Energy Market, by Application
8.1 Introduction
Figure 38 Geothermal Energy Market, by Application, 2021
Table 31 Market, by Application, 2020-2027 (USD Million)
8.2 Power Generation
8.2.1 Surging Demand for Sustainable Energy Driving Market
Table 32 Power Generation: Market, by Region, 2020-2027 (USD Million)
8.3 Residential Heating & Cooling
8.3.1 Towering Energy Cost to Prompt Residential Sector to Adopt Geothermal Energy
Table 33 Residential Heating & Cooling: Market, by Region, 2020-2027 (USD Million)
8.4 Commercial Heating & Cooling
8.4.1 Adoption of Geothermal Energy by Small Businesses to Propel Market
Table 34 Commercial Heating & Cooling: Market, by Region, 2020-2027 (USD Million)
8.5 Others
Table 35 Others: Market, by Region, 2020-2027 (USD Million)
9 Geothermal Energy Market, by Region
9.1 Introduction
Figure 39 Market in North America to Grow at Highest CAGR from 2022 to 2027
Figure 40 Geothermal Energy Market Share, in Terms of Value, by Region, 2021 (%)
Table 36 Market, by Region, 2020-2027 (USD Million)
Table 37 Market, by Region, 2020-2027 (Mwe)
9.2 Asia-Pacific
Figure 41 Asia-Pacific: Geothermal Energy Market Snapshot
Table 38 Asia-Pacific: Market, by Technology, 2020-2027 (USD Million)
9.2.1 Asia-Pacific: Recession Impact
Table 39 Asia-Pacific: Market, by Temperature, 2020-2027 (USD Million)
Table 40 Asia-Pacific: Market, by Application, 2020-2027 (USD Million)
Table 41 Asia-Pacific: Market, by Country, 2020-2027 (USD Million)
9.2.2 China
9.2.2.1 Plans to Increase Installed Geothermal Power Capacity to Propel Market
Table 42 China: Market, by Application, 2020-2027 (USD Million)
9.2.3 Japan
9.2.3.1 Widespread Use of Geothermal Energy to Boost Market
Table 43 Japan: Market, by Application, 2020-2027 (USD Million)
9.2.4 Indonesia
9.2.4.1 Supportive Government Policies to Encourage Market Growth
Table 44 Indonesia: Market, by Application, 2020-2027 (USD Million)
9.2.5 Philippines
9.2.5.1 Favorable Geological Conditions and High Opportunities for Investment in Geothermal Energy to Drive Market
Table 45 Philippines: Market, by Application, 2020-2027 (USD Million)
9.2.5.2 New Zealand
9.2.5.2.1 Investments in Geothermal Projects to Push Market
Table 46 New Zealand: Market, by Application, 2020-2027 (USD Million)
9.2.6 Rest of Asia-Pacific
Table 47 Rest of Asia-Pacific: Market, by Application, 2020-2027 (USD Million)
9.3 Europe
Figure 42 Europe: Geothermal Energy Market Snapshot
9.3.1 Europe: Recession Impact
Table 48 Europe: Market, by Technology, 2020-2027 (USD Million)
Table 49 Europe: Market, by Temperature, 2020-2027 (USD Million)
Table 50 Europe: Market, by Application, 2020-2027 (USD Million)
Table 51 Europe: Market, by Country, 2020-2027 (USD Million)
9.3.2 Turkey
9.3.2.1 Geothermal Development Project to Provide Opportunities for Market Growth
Table 52 Turkey: Market, by Application, 2020-2027 (USD Million)
9.3.3 Germany
9.3.3.1 Target of Additional 100 Geothermal Projects by 2030 to Accelerate Market Growth
Table 53 Germany: Market, by Application, 2020-2027 (USD Million)
9.3.4 Italy
9.3.4.1 Increasing Demand for Geothermal Heat Pumps (Ghps) to Drive Market
Table 54 Italy: Market, by Application, 2020-2027 (USD Million)
9.3.5 Iceland
9.3.5.1 Abundance of Geothermal Resources to Support Market Growth
Table 55 Iceland: Market, by Application, 2020-2027 (USD Million)
9.3.6 Rest of Europe
Table 56 Rest of Europe: Market, by Application, 2020-2027 (USD Million)
9.4 North America
9.4.1 North America: Recession Impact
Table 57 North America: Geothermal Energy Market, by Technology, 2020-2027 (USD Million)
Table 58 North America: Market, by Temperature, 2020-2027 (USD Million)
Table 59 North America: Market, by Application, 2020-2027 (USD Million)
Table 60 North America: Market, by Country, 2020-2027 (USD Million)
9.4.2 US
9.4.2.1 Increasing Demand for Geothermal Heat Pumps to Favor Market
Table 61 Us: Market, by Application, 2020-2027 (USD Million)
9.4.3 Canada
9.4.3.1 Favorable Government Policy Framework to Fuel Market Growth
Table 62 Canada: Market, by Application, 2020-2027 (USD Million)
9.4.4 Mexico
9.4.4.1 Initiation of Multiple Geothermal Projects to Augment Market Growth
Table 63 Mexico: Market, by Application, 2020-2027 (USD Million)
9.5 Middle East & Africa
9.5.1 Middle East & Africa: Recession Impact
Table 64 Middle East & Africa: Geothermal Energy Market, by Technology, 2020-2027 (USD Million)
Table 65 Middle East & Africa: Market, by Temperature, 2020-2027 (USD Million)
Table 66 Middle East & Africa: Market, by Application, 2020-2027 (USD Million)
Table 67 Middle East & Africa: Market, by Country, 2020-2027 (USD Million)
9.5.2 Kenya
9.5.2.1 Presence of Suitable Geological Sites and Favorable Government Policies to Promote Market Growth
Table 68 Kenya: Market, by Application, 2020-2027 (USD Million)
9.5.3 Saudi Arabia
9.5.3.1 Supportive Government Policies and Increasing Investments in Renewables to Drive Market
Table 69 Saudi Arabia: Market, by Application, 2020-2027 (USD Million)
9.5.4 Rest of Middle East & Africa
Table 70 Rest of Middle East & Africa: Market, by Application, 2020-2027 (USD Million)
9.6 South America
9.6.1 South America: Recession Impact
Table 71 South America: Geothermal Energy Market, by Technology, 2020-2027 (USD Million)
Table 72 South America: Market, by Temperature, 2020-2027 (USD Million)
Table 73 South America: Market, by Application, 2020-2027 (USD Million)
Table 74 South America: Market, by Country, 2020-2027 (USD Million)
9.6.2 Chile
9.6.2.1 Investments in New Geothermal Projects to Foster Market Growth
Table 75 Chile: Market, by Application, 2020-2027 (USD Million)
9.6.3 Colombia
9.6.3.1 Changes in Geothermal Energy-Related Regulations to Offer Opportunities for Market Growth
Table 76 Colombia: Market, by Application, 2020-2027 (USD Million)
10 Competitive Landscape
10.1 Strategies Adopted by Key Players
Table 77 Overview of Key Strategies Adopted by Top Players, February 2021- May 2022
10.2 Market Share Analysis of Top Players
Table 78 Geothermal Energy Market for Surface Plant Equipment and Services: Degree of Competition
Figure 43 Market for Surface Plant Equipment and Services: Market Share Analysis, 2021
Table 79 Market for Sub-Surface Equipment and Services: Degree of Competition
Figure 44 Market for Sub-Surface Equipment and Services: Market Share Analysis, 2021
Table 80 Market for Ground Source/Geothermal Heat Pumps: Degree of Competition
Figure 45 Market for Ground Source/Geothermal Heat Pumps: Market Share Analysis, 2021
10.3 Revenue Analysis of Top Market Players
Figure 46 Revenue of Top Players in Market from 2017 to 2021
10.4 Company Evaluation Quadrant
10.4.1 Stars
10.4.2 Pervasive Players
10.4.3 Emerging Leaders
10.4.4 Participants
Figure 47 Competitive Leadership Mapping: Market, 2021
10.5 Startup/Sme Evaluation Quadrant
10.5.1 Progressive Companies
10.5.2 Responsive Companies
10.5.3 Dynamic Companies
10.5.4 Starting Blocks
Figure 48 Market: Start-Up/Sme Evaluation Quadrant, 2021
10.5.5 Geothermal Energy Market: Competitive Benchmarking
Table 81 Market: Detailed List of Key Smes/Startups
Table 82 Market: Competitive Benchmarking of Key Smes Smes/Startups
10.6 Market: Company Footprint
Table 83 by Player's Role in Supply Chain: Company Footprint
Table 84 by Application: Company Footprint
Table 85 by Region: Company Footprint
Table 86 Company Footprint
10.7 Competitive Scenarios and Trends
Table 87 Geothermal Energy Market: Product Launches, 2020-2022
Table 88 Market: Deals, February 2021
Table 89 Market: Others, January 2021- November 2021
11 Company Profiles
(Business Overview, Products, Recent Developments, Analyst's View)*
11.1 Power Plant Equipment Providers
11.1.1 Ormat
Table 90 Ormat: Company Overview
Figure 49 Ormat: Company Snapshot, 2021
Table 91 Ormat: Products Offered
Table 92 Ormat: Product Launches
Table 93 Ormat: Deals
Table 94 Ormat: Others
11.1.2 Mitsubishi Heavy Industries
Table 95 Mitsubishi Heavy Industries: Company Overview
Figure 50 Mitsubishi Heavy Industries: Company Snapshot, 2021
Table 96 Mitsubishi Heavy Industries: Products Offered
Table 97 Mitsubishi Heavy Industries: Deals
Table 98 Mitsubishi Heavy Industries: Others
11.1.3 General Electric
Table 99 General Electric: Company Overview
Figure 51 General Electric: Company Snapshot, 2021
Table 100 General Electric: Products Offered
11.1.4 Ansaldo Energia
Table 101 Ansaldo Energia: Company Overview
Figure 52 Ansaldo Energia: Company Snapshot, 2021
Table 102 Ansaldo Energia: Products Offered
Table 103 Ansaldo Energia: Others
11.1.5 Fuji Electric
Table 104 Fuji Electric: Company Overview
Figure 53 Fuji Electric: Company Snapshot, 2021
Table 105 Fuji Electric: Products Offered
Table 106 Fuji Electric: Others
11.1.6 Toshiba Energy Systems & Solutions Corporation
Table 107 Toshiba Energy Systems & Solutions Corporation: Company Overview
Table 108 Toshiba Energy Systems & Solutions Corporation: Products Offered
Table 109 Toshiba Energy Systems & Solutions Corporation: Deals
11.1.7 Siemens Energy
Table 110 Siemens Energy: Company Overview
Figure 54 Siemens Energy: Company Snapshot, 2021
Table 111 Siemens Energy: Products Offered
Table 112 Siemens Energy: Deals
Table 113 Siemens Energy: Others
11.1.8 Exergy International Srl
11.1.9 Altarock Energy
11.2 Sub-Surface Equipment and Service Providers
11.2.1 Baker Hughes Company
Table 114 Baker Hughes Company: Company Overview
Figure 55 Baker Hughes Company: Company Snapshot, 2021
Table 115 Baker Hughes Company: Products Offered
Figure 56 Baker Hughes Company: Supply Channel Adopted
Table 116 Baker Hughes Company: Product Launches
Table 117 Baker Hughes Company: Deals
11.2.2 Slb
Table 118 Slb: Company Overview
Figure 57 Slb: Company Snapshot, 2021
Table 119 Slb: Products Offered
Table 120 Slb: Product Launches
Table 121 Slb: Deals
Table 122 Slb: Others
11.2.3 Halliburton
Table 123 Halliburton: Company Overview
Figure 58 Halliburton: Company Snapshot, 2021
Table 124 Halliburton: Products Offered
Table 125 Halliburton: Product Launches
Table 126 Halliburton: Deals
11.2.4 Nov
Table 127 Nov: Company Overview
Figure 59 Nov: Company Snapshot, 2021
Table 128 Nov: Products Offered
Table 129 Nov: Product Launches
Table 130 Nov: Others
11.2.5 Weatherford International
Table 131 Weatherford International: Company Overview
Figure 60 Weatherford International: Company Snapshot, 2021
Table 132 Weatherford International: Products Offered
Table 133 Weatherford International: Product Launches
Table 134 Weatherford International: Deals
Table 135 Weatherford International: Others
11.2.6 Welltec
Table 136 Welltec: Company Overview
Figure 61 Welltec: Company Snapshot, 2021
Table 137 Welltec: Products Offered
Table 138 Welltec: Deals
Table 139 Welltec: Others
11.2.7 Mannvit
11.3 Geothermal/Ground Source Heat Pump Manufacturers and Service Providers
11.3.1 Nibe Group
Table 140 Nibe Group: Company Overview
Figure 62 Nibe Group: Company Snapshot, 2021
Table 141 Nibe Group: Products Offered
11.3.2 Carrier Global Corporation
Table 142 Carrier Global Corporation: Company Overview
Figure 63 Carrier Global Corporation: Company Snapshot, 2021
Table 143 Carrier Global Corporation: Products Offered
Table 144 Carrier Global Corporation: Deals
11.3.3 Danfoss
11.3.4 Trane Technologies
11.3.5 Bosch Thermotechnik Gmbh
11.3.6 Viessmann Group
11.3.7 Dandelion Energy
*Details on Business Overview, Products, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Insights from Industry Experts
12.2 Discussion Guide
12.3 Knowledgestore: The Subscription Portal
12.4 Customization Options
12.5 Related Reports
12.6 Author Details
Companies Mentioned
- Altarock Energy
- Ansaldo Energia
- Baker Hughes Company
- Bosch Thermotechnik Gmbh
- Carrier Global Corporation
- Dandelion Energy
- Danfoss
- Exergy International Srl
- Fuji Electric
- General Electric
- Halliburton
- Mannvit
- Mitsubishi Heavy Industries
- Nibe Group
- Nov
- Ormat
- Siemens Energy
- Slb
- Toshiba Energy Systems & Solutions Corporation
- Trane Technologies
- Viessmann Group
- Weatherford International
- Welltec
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 287 |
| Published | February 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 7 Billion |
| Forecasted Market Value ( USD | $ 9.4 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 23 |
