Amid the COVID-19 crisis and the looming economic recession, the Geothermal Energy market worldwide will grow by a projected US$4.2 Billion, during the analysis period
NEW YORK, May 27, 2020 /PRNewswire/ --
Amid the COVID-19 crisis and the looming economic recession, the Geothermal Energy market worldwide will grow by a projected US$4.2 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 9.6%. Direct Dry Steam Plant, one of the segments analyzed and sized in this study, is forecast to grow at over 8.4% and reach a market size of US$2.4 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Direct Dry Steam Plant market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
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As part of the new emerging geographic scenario, the United States is forecast to readjust to a 11.3% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$181.9 Million to the region's size over the next 7 to 8 years. In addition, over US$190 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Direct Dry Steam Plant segment will reach a market size of US$149.3 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Geothermal Energy market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 9.6% over the next couple of years and add approximately US$621.9 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Geothermal Energy market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, Aboitiz Power Corporation; Berkshire Hathaway Energy; Chevron Corporation; Enel Green Power North America, Inc.; Energy Development Corporation; Hyundai Motor Company; Mitsubishi Heavy Industries Ltd.; PT. Pertamina Geothermal Energy; Toshiba International Corporation (TIC)
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GEOTHERMAL ENERGY MCP-6
MARKET ANALYSIS, TRENDS, AND FORECASTS, JUNE 2
CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares Geothermal Energy Competitor Market Share Scenario Worldwide: (in %): 2019 & 2028 Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Table 1: Geothermal Energy Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027 Table 2: Geothermal Energy Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019 Table 3: Geothermal Energy Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027 Table 4: Direct Dry Steam Plant (Type) World Market by Region/Country in US$ Million: 2020 to 2027 Table 5: Direct Dry Steam Plant (Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019 Table 6: Direct Dry Steam Plant (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027 Table 7: Binary Plant (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027 Table 8: Binary Plant (Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019 Table 9: Binary Plant (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027 Table 10: Flash Plant (Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027 Table 11: Flash Plant (Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019 Table 12: Flash Plant (Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027 Table 13: Residential (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027 Table 14: Residential (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019 Table 15: Residential (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027 Table 16: Industrial (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027 Table 17: Industrial (Application) Global Historic Analysis in US$ Million by Region/Country: 2012-2019 Table 18: Industrial (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027 Table 19: Commercial (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2
through 2027 Table 20: Commercial (Application) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019 Table 21: Commercial (Application) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures US Geothermal Energy Market Share (in %) by Company: 2019 & 2025 Market Analytics Table 22: United States Geothermal Energy Market Estimates and Projections in US$ Million by Type: 2020 to 2027 Table 23: Geothermal Energy Market in the United States by Type: A Historic Review in US$ Million for 2012-2019 Table 24: United States Geothermal Energy Market Share Breakdown by Type: 2012 VS 2020 VS 2027 Table 25: United States Geothermal Energy Latent Demand Forecasts in US$ Million by Application: 2020 to 2027 Table 26: Geothermal Energy Historic Demand Patterns in the United States by Application in US$ Million for 2012-2019 Table 27: Geothermal Energy Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027 CANADA Table 28: Canadian Geothermal Energy Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027 Table 29: Canadian Geothermal Energy Historic Market Review by Type in US$ Million: 2012-2019 Table 30: Geothermal Energy Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027 Table 31: Canadian Geothermal Energy Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027 Table 32: Geothermal Energy Market in Canada: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019 Table 33: Canadian Geothermal Energy Market Share Analysis by Application: 2012 VS 2020 VS 2027 JAPAN Table 34: Japanese Market for Geothermal Energy: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027 Table 35: Geothermal Energy Market in Japan: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019 Table 36: Japanese Geothermal Energy Market Share Analysis by Type: 2012 VS 2020 VS 2027 Table 37: Japanese Demand Estimates and Forecasts for Geothermal Energy in US$ Million by Application: 2020 to 2027 Table 38: Japanese Geothermal Energy Market in US$ Million by Application: 2012-2019 Table 39: Geothermal Energy Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027 CHINA Table 40: Chinese Geothermal Energy Market Growth Prospects in US$ Million by Type for the Period 2020-2027 Table 41: Geothermal Energy Historic Market Analysis in China in US$ Million by Type: 2012-2019 Table 42: Chinese Geothermal Energy Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027 Table 43: Chinese Demand for Geothermal Energy in US$ Million by Application: 2020 to 2027 Table 44: Geothermal Energy Market Review in China in US$ Million by Application: 2012-2019 Table 45: Chinese Geothermal Energy Market Share Breakdown by Application: 2012 VS 2020 VS 2027 EUROPE Market Facts & Figures European Geothermal Energy Market: Competitor Market Share Scenario (in %) for 2019 & 2025 Market Analytics Table 46: European Geothermal Energy Market Demand Scenario in US$ Million by Region/Country: 2020-2027 Table 47: Geothermal Energy Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019 Table 48: European Geothermal Energy Market Share Shift by Region/Country: 2012 VS 2020 VS 2027 Table 49: European Geothermal Energy Market Estimates and Forecasts in US$ Million by Type: 2020-2027 Table 50: Geothermal Energy Market in Europe in US$ Million by Type: A Historic Review for the Period 2012-2019 Table 51: European Geothermal Energy Market Share Breakdown by Type: 2012 VS 2020 VS 2027 Table 52: European Geothermal Energy Addressable Market Opportunity in US$ Million by Application: 2020-2027 Table 53: Geothermal Energy Market in Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019 Table 54: European Geothermal Energy Market Share Analysis by Application: 2012 VS 2020 VS 2027 FRANCE Table 55: Geothermal Energy Market in France by Type: Estimates and Projections in US$ Million for the Period 2020-2027 Table 56: French Geothermal Energy Historic Market Scenario in US$ Million by Type: 2012-2019 Table 57: French Geothermal Energy Market Share Analysis by Type: 2012 VS 2020 VS 2027 Table 58: Geothermal Energy Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027 Table 59: French Geothermal Energy Historic Market Review in US$ Million by Application: 2012-2019 Table 60: French Geothermal Energy Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027 GERMANY Table 61: Geothermal Energy Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027 Table 62: German Geothermal Energy Historic Market Analysis in US$ Million by Type: 2012-2019 Table 63: German Geothermal Energy Market Share Breakdown by Type: 2012 VS 2020 VS 2027 Table 64: Geothermal Energy Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027 Table 65: German Geothermal Energy Market in Retrospect in US$ Million by Application: 2012-2019 Table 66: Geothermal Energy Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027 ITALY Table 67: Italian Geothermal Energy Market Growth Prospects in US$ Million by Type for the Period 2020-2027 Table 68: Geothermal Energy Historic Market Analysis in Italy in US$ Million by Type: 2012-2019 Table 69: Italian Geothermal Energy Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027 Table 70: Italian Demand for Geothermal Energy in US$ Million by Application: 2020 to 2027 Table 71: Geothermal Energy Market Review in Italy in US$ Million by Application: 2012-2019 Table 72: Italian Geothermal Energy Market Share Breakdown by Application: 2012 VS 2020 VS 2027 UNITED KINGDOM Table 73: United Kingdom Market for Geothermal Energy: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027 Table 74: Geothermal Energy Market in the United Kingdom: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019 Table 75: United Kingdom Geothermal Energy Market Share Analysis by Type: 2012 VS 2020 VS 2027 Table 76: United Kingdom Demand Estimates and Forecasts for Geothermal Energy in US$ Million by Application: 2020 to 2027 Table 77: United Kingdom Geothermal Energy Market in US$ Million by Application: 2012-2019 Table 78: Geothermal Energy Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027 REST OF EUROPE Table 79: Rest of Europe Geothermal Energy Market Estimates and Forecasts in US$ Million by Type: 2020-2027 Table 80: Geothermal Energy Market in Rest of Europe in US$ Million by Type: A Historic Review for the Period 2012-2019 Table 81: Rest of Europe Geothermal Energy Market Share Breakdown by Type: 2012 VS 2020 VS 2027 Table 82: Rest of Europe Geothermal Energy Addressable Market Opportunity in US$ Million by Application: 2020-2027 Table 83: Geothermal Energy Market in Rest of Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019 Table 84: Rest of Europe Geothermal Energy Market Share Analysis by Application: 2012 VS 2020 VS 2027 ASIA-PACIFIC Table 85: Geothermal Energy Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2020-2027 Table 86: Asia-Pacific Geothermal Energy Historic Market Scenario in US$ Million by Type: 2012-2019 Table 87: Asia-Pacific Geothermal Energy Market Share Analysis by Type: 2012 VS 2020 VS 2027 Table 88: Geothermal Energy Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027 Table 89: Asia-Pacific Geothermal Energy Historic Market Review in US$ Million by Application: 2012-2019 Table 90: Asia-Pacific Geothermal Energy Market Share Analysis: A 17-Year Perspectiveby Application for 2012, 2020, and 2027 REST OF WORLD Table 91: Rest of World Geothermal Energy Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027 Table 92: Rest of World Geothermal Energy Historic Market Review by Type in US$ Million: 2012-2019 Table 93: Geothermal Energy Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027 Table 94: Rest of World Geothermal Energy Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027 Table 95: Geothermal Energy Market in Rest of World: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019 Table 96: Rest of World Geothermal Energy Market Share Analysis by Application: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 95
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