DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Geothermal Power Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
Geothermal energy refers to heat of the earth i.e., the thermal energy stored and generated from earth. It is a renewable source of heat energy that is generated in unlimited amount from earth's core. Geothermal power is the electricity generated from geothermal energy. Geothermal electricity is produced by geothermal power plants, which uses steam produced from hot water reservoirs found below earth's surface. Steam is used to rotate the turbine, which finally leads to the generation of electricity. Geothermal power plants have capacity higher than 90%, as it is available 24 hours a day throughout a year.
Currently, three types of geothermal power plants including dry steam, flash, and binary are majorly used across the globe for power production. Dry steam is the oldest technology used for the generation of geothermal electricity. It directly uses steam from fractures in earth to turn turbine. Flash power plants are the most commonly utilized type of geothermal power plants. Flash plant pulls water from high pressure and high temperature reservoir to low pressure and low temperature water. Due to the decrease in pressure, some of the hot water converts into steam. The steam produced as a result of the process is used to drive the turbine. In binary plants, hot water is passed by another fluid with much lower boiling point. This fluid is then converted into vapor and used to drive the turbine.
Some of the key companies operating in the global geothermal power market include Ormat Technologies Inc., Mitsubishi Heavy Industries Ltd., U.S. Geothermal Inc., Cyrq Energy, Calpine Corporation, Alterra Power Corp., NV Energy, Raya Group, Energy Development Corporation, Mannvit Engineering, and Contact Energy.
Key Topics Covered:
1. Research Scope & Methodology
2. Executive Summary
3. Market Outlook
4. Global Geothermal Power Market Size And Forecast (2012-2022)
5. Global Geothermal Power Market, By Geography
6. Competitive Positioning Analysis
7. Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/n24x6k/global_geothermal