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

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Geothermal Energy Market share research by
applications and regions for 2017 2024
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Global Market Scenario of Geothermal Energy
Industry

• 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
  alternatives.
• 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.

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• 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
  challenges
• 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
  country.

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Research Methodology
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