Asia-Pacific Geothermal Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia-Pacific geothermal energy market is segmented by Geothermal Power Plant Type (Dry Steam, Flash Plants, Binary Plants), Geography (Indonesia, Philippines, Japan, Rest of Asia-Pacific).

Asia-Pacific Geothermal Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC Geothermal Energy Market Size

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Asia-Pacific Geothermal Energy Market- Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 7.00 %
Market Concentration Low

Major Players

Asia-Pacific Geothermal Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Geothermal Energy Market with other markets in Energy & Power Industry

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APAC Geothermal Energy Market Analysis

The Asia-Pacific Geothermal Energy Market is expected to register a CAGR of greater than 7% during the forecast period.

  • Binary geothermal power plants are expected to have significant growth during the forecast period due to better performance as compared to other power plant types.
  • Many countries in the region conduct frequent conferences to negotiate ideas for geothermal market development, which creates ample opportunities for the market growth. As an example, for the last seven years, the Indonesian Geothermal Association (INAGA), the premier association for the Geothermal industry in Indonesia, has been hosting the Indonesia International Geothermal Convention & Exhibition (IIGCE) in Jakarta Convention Center. And now, the eighth convention is all set to take place in September 2022.
  • Indonesia is likely to grow at a faster pace in the regional geothermal energy market during the forecast period due to the various plans fabricated for new geothermal power plants in the country.

APAC Geothermal Energy Industry Overview

The Asia-Pacific geothermal energy market is fragmanted. Some of the major players in the market are Energy Development Corporation, Pertamina Geothermal Energy PT, Toshiba Corp., Mercury NZ Ltd., and PT Supreme Energy.

APAC Geothermal Energy Market Leaders

  1. Energy Development Corporation

  2. Pertamina Geothermal Energy PT

  3. Toshiba Corp.

  4. Mercury NZ Ltd.

  5. PT Supreme Energy

  6. *Disclaimer: Major Players sorted in no particular order
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APAC Geothermal Energy Market News

  • In 2021, the Philippines's Kalinga Geothermal Power Plant developers Allfirst Kalinga, Aragorn Power and Energy and Guidance Management announced that the power plant is currently under well development phase after completing the exploration phase. The power plant construction is expected to start in 2025 and the commissioning is likely to take place in 2026.
  • In 2021, PT Geo Dipa started the drilling operations for the Patuha geothermal power plant expansion project and Dieng 2 power plant project., in Central Java. The company is expected to drill about 10 wells for the projects, and the two projects will be in service by 2023.

APAC Geothermal Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Geothermal Power Plant Type
    • 5.1.1 Dry Steam
    • 5.1.2 Flash Plants
    • 5.1.3 Binary Plants
  • 5.2 Geography
    • 5.2.1 Indonesia
    • 5.2.2 Philippines
    • 5.2.3 Japan
    • 5.2.4 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Energy Development Corporation
    • 6.3.2 Pertamina Geothermal Energy PT
    • 6.3.3 Toshiba Corp.
    • 6.3.4 Mercury NZ Ltd.
    • 6.3.5 PT Supreme Energy
    • 6.3.6 PT Medco Power Indonesia
    • 6.3.7 Star Energy Geothermal (Wayang Windu) Limited
    • 6.3.8 PT WIJAYA KARYA (Persero) Tbk.
    • 6.3.9 Trienergy PT
    • 6.3.10 PT Bali Energy Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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APAC Geothermal Energy Industry Segmentation

Asia-Pacific geothermal energy market report includes:

Geothermal Power Plant Type Dry Steam
Flash Plants
Binary Plants
Geography Indonesia
Philippines
Japan
Rest of Asia-Pacific
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APAC Geothermal Energy Market Research FAQs

What is the current Asia-Pacific Geothermal Energy Market size?

The Asia-Pacific Geothermal Energy Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Geothermal Energy Market?

Energy Development Corporation, Pertamina Geothermal Energy PT, Toshiba Corp., Mercury NZ Ltd. and PT Supreme Energy are the major companies operating in the Asia-Pacific Geothermal Energy Market.

What years does this Asia-Pacific Geothermal Energy Market cover?

The report covers the Asia-Pacific Geothermal Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Geothermal Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Geothermal Energy Industry Report

Statistics for the 2025 Asia-Pacific Geothermal Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Geothermal Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.