BIS Research Study Highlights the Global Enhanced Geothermal Systems Market to Reach $3.67 billion by 2030

FREMONT, Calif., Feb. 17, 2022 /PRNewswire/ -- The global enhanced geothermal systems market  is projected to reach $3.67 billion in terms of revenue by 2030 at a CAGR of 7.1%, reveals the premium market intelligence study by BIS Research.

Climate change policies and emission reduction targets committed by various countries are the primary drivers for the renewable energy market.

The renewable energy market (currently dominated by solar energy, wind energy, and hydro energy, and government policies catering to one of these three forms of energy generation) has an exciting addition to its portfolio in the form of geothermal energy.

The detailed study is a compilation of 183 Market Data Tables and 59 Figures spread through 214 Pages and in-depth TOC on "Enhanced Geothermal Systems Market– Analysis and Forecast, 2020-2030"

USP of the Report

This extensive report can help with:

• A dedicated section focusing on startup landscape in enhanced geothermal system market covering key startup in the ecosystem, funding analysis, major and top investors in the industry
• Extensive competitive benchmarking of top 15 players offering a holistic view of the global enhanced geothermal system market landscape
• Qualitative and quantitative analysis of enhanced geothermal system market at the region and country-level and granularity by application and product segments
• A detailed plant-level analysis covering all the EGS plants around the world along with EGS plants that are under development. The following aspects of plants are covered in detail:

a.  Power Station Type Used
b.  Rock Structure Analysis
c.  Geographical requirements
d.  Depth and other suitable requirements

• This report covers major regions with established agriculture technology-as-a-service market.
• Extensive competitive benchmarking of the top 36 players (including OEMs and equipment providers) has been done to offer a holistic view of the global agriculture technology-as-a-service market landscape.

Analyst's Take on the Market:

According to Dhrubajyoti Narayan, Lead Analyst, BIS Research, "Though the majority of natural heat obtained from the Earth's crust is currently being used for heating and other purposes, geothermal-based electricity generation is gaining the required momentum. It has been anticipated that in the next half-decade, geothermal-based energy generation will occupy a significant share of the renewable portfolio of individual countries".

View the report from BIS Research on Enhanced Geothermal Systems Market

Key Companies Operating in the Market and Competition Landscape

The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details of companies such as their product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the enhanced geothermal system market. 

Companies such as Enel SpA, Ormat Technologies, Inc., AltaRock Energy, Inc., Royal Dutch Shell Plc, Kenya Electricity Generating Company Limited, BESTEC GmbH, SA Géothermie Bouillante, Fuji Electric Co., Ltd., Calpine Corporation, Energy Development Corporation, Mitsubishi Heavy Industries, Ltd, Toshiba Corporation, Ansaldo Energia S.p.A., Siemens AG., among others.

Who Should Buy this Report?

• Tier 1 suppliers for system components
• Project Developers
• Engineering Procurements and Construction (EPC) Solution Providers
• Research Institute Developing Geothermal System
• Government Bodies for Renewable Energy Development

Get FREE Sample Report Here 

Key Questions Answered in the Report:

• What are the driving factors for the global EGS market from 2019 to 2030, and which factors are impeding the growth of the global EGS market?
• Which country are the prime adopters of these systems, and what could be the possible penetration of GS and EGS systems in renewable energy generation in different countries and regions? What are the future plans of renewable energy generation pertaining to the EGS system market?
• Who are the major players, and what strategic measures are being taken to increase their presence and market share?
• What could be the possible penetration of GS and EGS systems renewable energy generation in different countries and regions?
• What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?

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About BIS Research: 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. 

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. 

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