DUBLIN--(BUSINESS WIRE)--The "Geothermal Energy Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global geothermal energy market to grow with a CAGR of 12.2% over the forecast period of 2018-2024.
Increasing electricity security concerns owing to the clean and eco-friendly resources are driving the growth of the geothermal energy market.
In addition, increasing demand for heating and cooling systems including ground source heat pump and district heating are estimated to fuel the growth of the geothermal energy market.
However, potential emissions, surface instability, and high capital cost required for building a plant are likely to hamper the growth of the geothermal energy market during the forecast period.
Furthermore, government-undertaken initiatives such as financial benefits and tax refunds to promote sustainable energy production are estimated to generate numerous growth opportunities for the geothermal energy market over the upcoming years.
Among the geographies, North America dominated the geothermal energy market in 2017. The U.S. is the key region driving the growth in the North America geothermal energy market owing to increasing clean electricity demand coupled with growing emission reduction measures.
Also, rising demand for cooling and heating systems coupled with increasing investments towards the development of green building infrastructure will positively affect the Germany geothermal energy market.
Moreover, growing electricity demand in China and India coupled with increasing government intervention to produce electricity through renewable resources is likely to further enhance the market growth in the Asia Pacific region.
Key Topics Covered
2. Executive Summary
3. Global Geothermal Energy Market Overview
4. Geothermal Energy Market Macro Indicator Analysis
5. Global Geothermal Energy Market by Types
6. Global Geothermal Energy Market by Applications
7. Global Geothermal Energy Market by Region 2018-2024
8. Company Profiles
- Ormat Technologies Inc.
- U.S. Geothermal Inc.
- Terra-Gen Power LLC
- Chevron Corp.
- Berkshire Hathaway Inc.
- Enel Green Power North America Inc.
- Gradient Resources
- Toshiba International Corp.
- EthosEnergy Group
- ThermaSource LLC
For more information about this report visit https://www.researchandmarkets.com/research/c9sclg/global_geothermal?w=4