PPT for Geothermal Energy Market Latest Update, 2017 - 2024

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Geothermal Energy Market Size and Forecast
2017-2024
Geothermal Energy Market Size, Industry Analysis
Report, Regional Outlook (U.S., Canada, Mexico,
Russia, UK, Germany, France, Italy, China, India,
Japan, Indonesia, Uganda, Kenya, Brazil),
Application Development, Competitive Market Share
and Forecast, 2017 2024
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Global Market Scenario of Geothermal Energy

• Global geothermal energy market size is predicted
  to witness growth owing to increasing electricity
  demand coupled with growing population.
• In Europe, total electricity production was
  reached 3,791 TWh in 2015 from 3719 TWh in 2014.
• Increasing exploration in the industry will
  further complement the industry growth.
• In May 2014, International Development
  Association (IDA) invested 200 million for the
  development of alternate energy resources in
  Ethiopia.
• Favorable government measures to promote
  renewable energy utilization will positively
  influence the geothermal energy market size.
• Low import duty, feed in tariff, tax benefits,
  net metering, financial assistance are some of
  the schemes introduced by government to encourage
  the renewable energy adoption.
• In 2015, China spent USD 315 billion towards
  implementation of energy efficient policies,
  electricity networks and low-carbon generation.

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• Product Analysis-
• Based on application, Geothermal Energy Market
  can be segmented into direct use, including heat
  pumps and electricity generation. Electricity
  generation application is anticipated to witness
  growth on account of growing electricity demand
  along with increasing infrastructure demand. Heat
  pump find wide application in central heating and
  cooling system, which may propel industry
  outlook.
• Regional Trends-
• U.S. geothermal energy market share is expected
  to witness significant growth owing to
  introduction of various government incentives to
  encourage electricity production by utilizing
  geothermal energy. The U.S. government introduced
  production tax credit (PTC) to promote such
  electricity production.
• For Europe, geothermal energy market size will
  experience considerable growth due to abundant
  availability of required resources coupled with
  growing exploration. In Europe, Italy, France,
  Germany and Netherlands have huge unexplored
  potential.

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• Competitive Trends
• Key players in geothermal energy market are
  Ormat, Mitsubishi, Fuji Electric, Toshiba,
  Ansaldo Energia, General Electric, Berkshire
  Hathaway Energy, Calpine, Enel, CYRQ Energy
  Alstom and TAS. Other equipment providers include
  Turboden, Siemens SA, Exergy, Pratt and Whitney.
  Industry is characterized by small number of
  players and prominence of flash and dry steam
  technology.

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