Geothermal Power Infrastructure Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The market is segmented on the basis of Type (flash plants, binary plants, and direct dry steam plants) and Geography (North America, Asia, Europe, South America, and Middle East and Africa)

Geothermal Power Infrastructure Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Geothermal Power Infrastructure Market Size

geothermal power infrastructure market share
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 2.50 %
Fastest Growing Market Middle-East and Africa
Largest Market North America
Market Concentration Low

Major Players

geothermal power infrastructure market major players

*Disclaimer: Major Players sorted in no particular order

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

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Geothermal Power Infrastructure Market Analysis

The Geothermal Power Infrastructure Market is expected to register a CAGR of greater than 2.5% during the forecast period.

  • Flash plants are the most used geothermal power plants across the world, and they are similar to the dry steam plant. In plants, the flashing process is used to obtain steam. Furthermore, flash plants are segregated into three categories, primarily based on power generation.
  • The technical potential of geothermal resources for electricity generation is expected to exceed 200 GW. Emerging technologies, like enhanced geothermal systems, are expected to access the resources, which are inaccessible with the existing technologies. Moreover, the cost of geothermal technologies is expected to continue to drop till 2050. This is expected to provide various growth opportunities to the market studied.
  • The Middle East & Africa region is one of the significant regions in the geothermal power infrastructure market. In 2018, Turkey increased its installed capacity by nearly 21%, and the total installed capacity was valued at 1.3 GW.

Geothermal Power Infrastructure Industry Overview

The geothermal power infrastructure market is fragmented. Some of the key players in the market include Mannvit HF, Tetra Tech Inc., Mitsubishi Hitachi Power Systems, Turboden SpA, Terra-Gen Power LLC, and Reykjavik Geothermal Ltd.

Geothermal Power Infrastructure Market Leaders

  1. Tetra Tech Inc.

  2. Mitsubishi Hitachi Power Systems

  3. Turboden S.p.A

  4. Mannvit HF

  5. Terra-Gen Power LLC

  6. *Disclaimer: Major Players sorted in no particular order
Mannvit HF, Tetra Tech Inc., Mitsubishi Hitachi Power Systems, Turboden SpA, Terra-Gen Power LLC, and Reykjavik Geothermal Ltd
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Geothermal Power Infrastructure 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 Market Size and Demand Forecast in USD billion, till 2025
  • 4.2 Key Projects Information
  • 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 Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Flash Plants
    • 5.1.2 Binary Plants
    • 5.1.3 Direct Dry Steam Plants
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Europe
    • 5.2.3 Asia-Pacific
    • 5.2.4 South America
    • 5.2.5 Middle East & Africa

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 Mannvit HF
    • 6.3.2 Mitsubishi Hitachi Power Systems
    • 6.3.3 Turboden SpA
    • 6.3.4 Terra-Gen Power LLC
    • 6.3.5 Tetra Tech Inc.
    • 6.3.6 Reykjavik Geothermal Ltd
    • 6.3.7 ElectraTherm Inc.
    • 6.3.8 Calpine Corporation
    • 6.3.9 Fuji Electric Co.
    • 6.3.10 Toshiba Energy Systems & Solutions Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Geothermal Power Infrastructure Industry Segmentation

The geothermal power infrastructure market report includes:

Type Flash Plants
Binary Plants
Direct Dry Steam Plants
Geography North America
Europe
Asia-Pacific
South America
Middle East & Africa
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Geothermal Power Infrastructure Market Research FAQs

What is the current Geothermal Power Infrastructure Market size?

The Geothermal Power Infrastructure Market is projected to register a CAGR of greater than 2.5% during the forecast period (2025-2030)

Who are the key players in Geothermal Power Infrastructure Market?

Tetra Tech Inc., Mitsubishi Hitachi Power Systems, Turboden S.p.A, Mannvit HF and Terra-Gen Power LLC are the major companies operating in the Geothermal Power Infrastructure Market.

Which is the fastest growing region in Geothermal Power Infrastructure Market?

Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Geothermal Power Infrastructure Market?

In 2025, the North America accounts for the largest market share in Geothermal Power Infrastructure Market.

What years does this Geothermal Power Infrastructure Market cover?

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

Geothermal Power Infrastructure Industry Report

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