How big is the Geothermal Energy Market?

The Geothermal Energy Market size is expected to reach 15.68 gigawatt in 2024 and grow at a CAGR of 2.69% to reach 17.91 gigawatt by 2029. Read More

What is the current Geothermal Energy Market size?

In 2024, the Geothermal Energy Market size is expected to reach 15.68 gigawatt. Read More

Who are the key players in Geothermal Energy Market?

Mitsubishi Power, Ltd., Ormat Technologies, Inc., Engie SA, Tetra Tech, Inc. and First Gen Corporation are the major companies operating in the Geothermal Energy Market. Read More

Which is the fastest growing region in Geothermal Energy Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Geothermal Energy Market?

In 2024, the North America accounts for the largest market share in Geothermal Energy Market. Read More

What years does this Geothermal Energy Market cover, and what was the market size in 2023?

In 2023, the Geothermal Energy Market size was estimated at 15.26 gigawatt. The report covers the Geothermal Energy Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Geothermal Energy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the challenges hindering the growth of the Geothermal Energy Market?

The challenges hindering the growth of the Geothermal Energy Market are a) Competition from alternative clean energy sources like solar and wind b) High upfront costs associated with geothermal power plant development c) Limited availability of suitable geothermal resources in some regions Read More

What are the challenges hindering the growth of the Geothermal Energy Market?

The challenges hindering the growth of the Geothermal Energy Market are a) Competition from alternative clean energy sources like solar and wind b) High upfront costs associated with geothermal power plant development c) Limited availability of suitable geothermal resources in some regions Read More

Geothermal Energy Market Share

Statistics for the 2023 & 2024 Geothermal Energy market share, created by Mordor Intelligence™ Industry Reports. Geothermal Energy share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Geothermal Energy Industry

The geothermal energy market is semi-fragmented. Some of the major players in the market (in no particular order) include Mitsubishi Power Ltd, Ormat Technologies Inc., Engie SA, Tetra Tech Inc., and First Gen Corporation, among others.