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

The Denmark Geothermal Energy Market gives an insight into the geothermal installed capacity, recent trends and development, and key project information. The report offers the market size and forecasts in installed capacity (MW).

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

Denmark Geothermal Energy Market Size

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Denmark Geothermal Energy Market - Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 1.00 %
Market Concentration High

Major Players

Denmark Geothermal Energy Market - Market  Major Players

*Disclaimer: Major Players sorted in no particular order

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

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Denmark Geothermal Energy Market Analysis

The Denmark Geothermal Energy Market is expected to register a CAGR of greater than 1% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.

  • Over the medium term, the geothermal power market is mainly driven by factors including an efficient and sustainable energy source and the growing adoption of renewable energy. The limited burning of fuels and minimal emission of carbon dioxide and other greenhouse gases favor the adoption of geothermal energy.
  • On the other hand, the lucrative market for alternative clean energy sources such as solar and wind is likely to hinder the market growth.
  • Nevertheless, for Denmark's aim to achieve a carbon-neutral country by 2050, geothermal heating is considered. It is likely to bring great opportunities in utilizing geothermal on a large scale, not least as a new Danish export opportunity. In addition, the latest technology makes it economically feasible to initiate geothermal projects, which in turn, is likely to provide an opportunity in the market in the future.

Denmark Geothermal Energy Industry Overview

The Denmark Geothermal Energy Market is consolidated. Some of the key players (not in particular order) in the market include A.P. Moller Holding A/S, Geothermal Operating Company, Gate 21, and Danfoss A/S.

Denmark Geothermal Energy Market Leaders

  1. A.P. Møller Holding A/S

  2. Geothermal Operations Company

  3. Gate 21

  4. Danfoss A/S

  5. *Disclaimer: Major Players sorted in no particular order
Denmark Geothermal Energy Market-Market Concetration
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Denmark Geothermal Energy Market News

  • December 2022: The Danish geothermal developer Innargi has entered into an agreement with Fors to investigate the possibility of geothermal heating in the Danish city of Holbaek. Innargi has indicated that the geothermal heat will be delivered in conjunction with the expansion of the district heating network in Holbaek by the end of 2026.
  • January 2022: Danish pension fund ATP plans to invest in what is projected to be the largest geothermal plant in the EU, which will be built in Aarhus by a new subsidiary of Danish shipping company AP Meller.

Denmark Geothermal Energy Market Report - Table of Contents

1. INTRODUCTION

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

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Installed Capacity and Forecast in MW, 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 PESTLE Analysis

5. COMPETITIVE LANDSCAPE

  • 5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 5.2 Strategies Adopted by Leading Players
  • 5.3 Company Profiles
    • 5.3.1 A.P. Moller Holding A/S
    • 5.3.2 Geothermal Operations Company
    • 5.3.3 Gate 21
    • 5.3.4 Danfoss A/S
  • *List Not Exhaustive

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Denmark Geothermal Energy Industry Segmentation

In geothermal energy, heat is produced deep within the Earth's core. Geothermal energy is an unpolluted, renewable resource that can be used as a heat source and electricity. 

The Geothermal Energy Market sizing and forecasts have been done based on installed capacity (MW).

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Denmark Geothermal Energy Market Research FAQs

What is the current Denmark Geothermal Energy Market size?

The Denmark Geothermal Energy Market is projected to register a CAGR of greater than 1% during the forecast period (2025-2030)

Who are the key players in Denmark Geothermal Energy Market?

A.P. Møller Holding A/S, Geothermal Operations Company, Gate 21 and Danfoss A/S are the major companies operating in the Denmark Geothermal Energy Market.

What years does this Denmark Geothermal Energy Market cover?

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

Denmark Geothermal Energy Industry Report

Statistics for the 2025 Denmark Geothermal Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Denmark 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.