Geothermal Energy Market share research by applications and regions for 2017 – 2024 - PowerPoint PPT Presentation

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Geothermal Energy Market share research by applications and regions for 2017 – 2024


The global Geothermal Energy Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers. – PowerPoint PPT presentation

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Title: Geothermal Energy Market share research by applications and regions for 2017 – 2024

Geothermal Energy Market share research by
applications and regions for 2017 2024
Global Market Scenario of Geothermal Energy
  • Increasing electricity demand from off grid
    remote location coupled with rapid
    industrialization across developing countries
    will drive the global geothermal energy market.
    In Middle East electricity consumption was
    reached from 840 TWh in 2013 to 935 TWh in 2015.
    Ability to offer high thermal efficiency,
    reliability, stability, robustness, and baseload
    power will make its adoption favorable over other
  • Growing energy security concern due to rapid
    fossil fuel depletion will propel the geothermal
    energy market. Policy makers have introduced
    several initiatives including FIT, financial
    assistance, tax credit, and renewable portfolio
    standards to encourage the deployment of
    renewable energy resources which will further
    complement the industry landscape.
  • Stringent government regulation to curb carbon
    footprints will stimulate the geothermal energy
    market. In 2017, Germany set a target to reduce
    greenhouse gas emission by 40 by 2020 and 95 by
    2050 from 1990 level under climate action
    program. It also aims to increase the renewable
    share in gross final energy consumption to 60 by
    2050. Technological advancement to enhance the
    renewable resource utilization will further
    augment the industry landscape.

  • The U.S. geothermal energy market size for 2016
    was over 2 GW. Increasing clean electricity
    demand coupled growing emission reduction
    measures will facilitate the industry growth. In
    2015, the U.S. EPA introduced New Source
    Performance Standards under section 111 of clean
    air act to limit carbon dioxide gas emissions.
    Ease of availability for shallow ground
    temperature throughout the country may further
    complement the industry landscape.
  • Reasons to Buy This Report
  • 1. Geothermal Energy Market size share
    forecast by product application, 2017-2024
  • 2. Growth drivers, pitfalls industry
  • 3. Geothermal Energy Market growth
    opportunities emerging business models
  • 4. Competitive benchmarking with market
    share analysis and company profiles
  • Increasing government and private funding to
    develop the countrys untapped energy sources
    will propel the Indonesia geothermal energy
    market. In 2015, Government of Indonesia set
    target to achieve 100 electrification by 2020.
    The country is also aiming to increase renewable
    energy utilization to at least 23 by 2025 under
    which geothermal accounted for 88.
  • Growing electricity demand along with abundant
    availability of untapped resources will
    positively impact Ethiopia geothermal energy
    market. In 2014, approximately 73 million people
    were having lack of electricity access across the

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