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Global Geothermal Power Plant Market Research Report 2025
Published Date: September 2025
|
Report Code: QYRE-Auto-25J13281
Home | Market Reports | Business & Industrial| Energy & Utilities| Renewable & Alternative Energy
Global Geothermal Power Plant Market Research Report 2023
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Global Geothermal Power Plant Market Research Report 2025

Code: QYRE-Auto-25J13281
Report
September 2025
Pages:72
QYResearch
Buy Now with 15% Discount
DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES
FEATURED COMPANIES
Toshiba
Fuji
Alstom
General Electric
Ormat
Mitsubishi

Geothermal Power Plant Market

The global market for Geothermal Power Plant was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
North American market for Geothermal Power Plant is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Geothermal Power Plant is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global market for Geothermal Power Plant in Dry Steam Power Stations is estimated to increase from $ million in 2024 to $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global companies of Geothermal Power Plant include Mitsubishi, Ormat, Toshiba, Fuji, Alstom, General Electric, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Geothermal Power Plant, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Geothermal Power Plant.
The Geothermal Power Plant market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Geothermal Power Plant market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Geothermal Power Plant companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Geothermal Power Plant Market Report

Report Metric Details
Report Name Geothermal Power Plant Market
Segment by Type
  • Dry Steam Stations
  • Flash Steam Power Stations
  • Binary Cycle Stations
Segment by Application
  • Dry Steam Power Stations
  • Flash Steam Power Stations
  • Binary Cycle Power Stations
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Mitsubishi, Ormat, Toshiba, Fuji, Alstom, General Electric
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
  • Chapter 3: Detailed analysis of Geothermal Power Plant company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
  • Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 12: The main points and conclusions of the report.

FAQ for this report

Who are the main players in the Geothermal Power Plant Market report?

Ans: The main players in the Geothermal Power Plant Market are Mitsubishi, Ormat, Toshiba, Fuji, Alstom, General Electric

What are the Application segmentation covered in the Geothermal Power Plant Market report?

Ans: The Applications covered in the Geothermal Power Plant Market report are Dry Steam Power Stations, Flash Steam Power Stations, Binary Cycle Power Stations

What are the Type segmentation covered in the Geothermal Power Plant Market report?

Ans: The Types covered in the Geothermal Power Plant Market report are Dry Steam Stations, Flash Steam Power Stations, Binary Cycle Stations

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Geothermal Power Plant Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Dry Steam Stations
1.2.3 Flash Steam Power Stations
1.2.4 Binary Cycle Stations
1.3 Market by Application
1.3.1 Global Geothermal Power Plant Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Dry Steam Power Stations
1.3.3 Flash Steam Power Stations
1.3.4 Binary Cycle Power Stations
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Geothermal Power Plant Market Perspective (2020-2031)
2.2 Global Geothermal Power Plant Growth Trends by Region
2.2.1 Global Geothermal Power Plant Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Geothermal Power Plant Historic Market Size by Region (2020-2025)
2.2.3 Geothermal Power Plant Forecasted Market Size by Region (2026-2031)
2.3 Geothermal Power Plant Market Dynamics
2.3.1 Geothermal Power Plant Industry Trends
2.3.2 Geothermal Power Plant Market Drivers
2.3.3 Geothermal Power Plant Market Challenges
2.3.4 Geothermal Power Plant Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Geothermal Power Plant Players by Revenue
3.1.1 Global Top Geothermal Power Plant Players by Revenue (2020-2025)
3.1.2 Global Geothermal Power Plant Revenue Market Share by Players (2020-2025)
3.2 Global Geothermal Power Plant Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Geothermal Power Plant Revenue
3.4 Global Geothermal Power Plant Market Concentration Ratio
3.4.1 Global Geothermal Power Plant Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Geothermal Power Plant Revenue in 2024
3.5 Global Key Players of Geothermal Power Plant Head office and Area Served
3.6 Global Key Players of Geothermal Power Plant, Product and Application
3.7 Global Key Players of Geothermal Power Plant, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Geothermal Power Plant Breakdown Data by Type
4.1 Global Geothermal Power Plant Historic Market Size by Type (2020-2025)
4.2 Global Geothermal Power Plant Forecasted Market Size by Type (2026-2031)
5 Geothermal Power Plant Breakdown Data by Application
5.1 Global Geothermal Power Plant Historic Market Size by Application (2020-2025)
5.2 Global Geothermal Power Plant Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Geothermal Power Plant Market Size (2020-2031)
6.2 North America Geothermal Power Plant Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Geothermal Power Plant Market Size by Country (2020-2025)
6.4 North America Geothermal Power Plant Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Geothermal Power Plant Market Size (2020-2031)
7.2 Europe Geothermal Power Plant Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Geothermal Power Plant Market Size by Country (2020-2025)
7.4 Europe Geothermal Power Plant Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Geothermal Power Plant Market Size (2020-2031)
8.2 Asia-Pacific Geothermal Power Plant Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Geothermal Power Plant Market Size by Region (2020-2025)
8.4 Asia-Pacific Geothermal Power Plant Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Geothermal Power Plant Market Size (2020-2031)
9.2 Latin America Geothermal Power Plant Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Geothermal Power Plant Market Size by Country (2020-2025)
9.4 Latin America Geothermal Power Plant Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Geothermal Power Plant Market Size (2020-2031)
10.2 Middle East & Africa Geothermal Power Plant Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Geothermal Power Plant Market Size by Country (2020-2025)
10.4 Middle East & Africa Geothermal Power Plant Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Mitsubishi
11.1.1 Mitsubishi Company Details
11.1.2 Mitsubishi Business Overview
11.1.3 Mitsubishi Geothermal Power Plant Introduction
11.1.4 Mitsubishi Revenue in Geothermal Power Plant Business (2020-2025)
11.1.5 Mitsubishi Recent Development
11.2 Ormat
11.2.1 Ormat Company Details
11.2.2 Ormat Business Overview
11.2.3 Ormat Geothermal Power Plant Introduction
11.2.4 Ormat Revenue in Geothermal Power Plant Business (2020-2025)
11.2.5 Ormat Recent Development
11.3 Toshiba
11.3.1 Toshiba Company Details
11.3.2 Toshiba Business Overview
11.3.3 Toshiba Geothermal Power Plant Introduction
11.3.4 Toshiba Revenue in Geothermal Power Plant Business (2020-2025)
11.3.5 Toshiba Recent Development
11.4 Fuji
11.4.1 Fuji Company Details
11.4.2 Fuji Business Overview
11.4.3 Fuji Geothermal Power Plant Introduction
11.4.4 Fuji Revenue in Geothermal Power Plant Business (2020-2025)
11.4.5 Fuji Recent Development
11.5 Alstom
11.5.1 Alstom Company Details
11.5.2 Alstom Business Overview
11.5.3 Alstom Geothermal Power Plant Introduction
11.5.4 Alstom Revenue in Geothermal Power Plant Business (2020-2025)
11.5.5 Alstom Recent Development
11.6 General Electric
11.6.1 General Electric Company Details
11.6.2 General Electric Business Overview
11.6.3 General Electric Geothermal Power Plant Introduction
11.6.4 General Electric Revenue in Geothermal Power Plant Business (2020-2025)
11.6.5 General Electric Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
FEATURED COMPANIES
Toshiba
Fuji
Alstom
General Electric
Ormat
Mitsubishi
List of Tables
 Table 1. Global Geothermal Power Plant Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031
 Table 2. Key Players of Dry Steam Stations
 Table 3. Key Players of Flash Steam Power Stations
 Table 4. Key Players of Binary Cycle Stations
 Table 5. Global Geothermal Power Plant Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
 Table 6. Global Geothermal Power Plant Market Size by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 7. Global Geothermal Power Plant Market Size by Region (2020-2025) & (US$ Million)
 Table 8. Global Geothermal Power Plant Market Share by Region (2020-2025)
 Table 9. Global Geothermal Power Plant Forecasted Market Size by Region (2026-2031) & (US$ Million)
 Table 10. Global Geothermal Power Plant Market Share by Region (2026-2031)
 Table 11. Geothermal Power Plant Market Trends
 Table 12. Geothermal Power Plant Market Drivers
 Table 13. Geothermal Power Plant Market Challenges
 Table 14. Geothermal Power Plant Market Restraints
 Table 15. Global Geothermal Power Plant Revenue by Players (2020-2025) & (US$ Million)
 Table 16. Global Geothermal Power Plant Market Share by Players (2020-2025)
 Table 17. Global Top Geothermal Power Plant Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Geothermal Power Plant as of 2024)
 Table 18. Ranking of Global Top Geothermal Power Plant Companies by Revenue (US$ Million) in 2024
 Table 19. Global 5 Largest Players Market Share by Geothermal Power Plant Revenue (CR5 and HHI) & (2020-2025)
 Table 20. Global Key Players of Geothermal Power Plant, Headquarters and Area Served
 Table 21. Global Key Players of Geothermal Power Plant, Product and Application
 Table 22. Global Key Players of Geothermal Power Plant, Date of Enter into This Industry
 Table 23. Mergers & Acquisitions, Expansion Plans
 Table 24. Global Geothermal Power Plant Market Size by Type (2020-2025) & (US$ Million)
 Table 25. Global Geothermal Power Plant Revenue Market Share by Type (2020-2025)
 Table 26. Global Geothermal Power Plant Forecasted Market Size by Type (2026-2031) & (US$ Million)
 Table 27. Global Geothermal Power Plant Revenue Market Share by Type (2026-2031)
 Table 28. Global Geothermal Power Plant Market Size by Application (2020-2025) & (US$ Million)
 Table 29. Global Geothermal Power Plant Revenue Market Share by Application (2020-2025)
 Table 30. Global Geothermal Power Plant Forecasted Market Size by Application (2026-2031) & (US$ Million)
 Table 31. Global Geothermal Power Plant Revenue Market Share by Application (2026-2031)
 Table 32. North America Geothermal Power Plant Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 33. North America Geothermal Power Plant Market Size by Country (2020-2025) & (US$ Million)
 Table 34. North America Geothermal Power Plant Market Size by Country (2026-2031) & (US$ Million)
 Table 35. Europe Geothermal Power Plant Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 36. Europe Geothermal Power Plant Market Size by Country (2020-2025) & (US$ Million)
 Table 37. Europe Geothermal Power Plant Market Size by Country (2026-2031) & (US$ Million)
 Table 38. Asia-Pacific Geothermal Power Plant Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 39. Asia-Pacific Geothermal Power Plant Market Size by Region (2020-2025) & (US$ Million)
 Table 40. Asia-Pacific Geothermal Power Plant Market Size by Region (2026-2031) & (US$ Million)
 Table 41. Latin America Geothermal Power Plant Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 42. Latin America Geothermal Power Plant Market Size by Country (2020-2025) & (US$ Million)
 Table 43. Latin America Geothermal Power Plant Market Size by Country (2026-2031) & (US$ Million)
 Table 44. Middle East & Africa Geothermal Power Plant Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 45. Middle East & Africa Geothermal Power Plant Market Size by Country (2020-2025) & (US$ Million)
 Table 46. Middle East & Africa Geothermal Power Plant Market Size by Country (2026-2031) & (US$ Million)
 Table 47. Mitsubishi Company Details
 Table 48. Mitsubishi Business Overview
 Table 49. Mitsubishi Geothermal Power Plant Product
 Table 50. Mitsubishi Revenue in Geothermal Power Plant Business (2020-2025) & (US$ Million)
 Table 51. Mitsubishi Recent Development
 Table 52. Ormat Company Details
 Table 53. Ormat Business Overview
 Table 54. Ormat Geothermal Power Plant Product
 Table 55. Ormat Revenue in Geothermal Power Plant Business (2020-2025) & (US$ Million)
 Table 56. Ormat Recent Development
 Table 57. Toshiba Company Details
 Table 58. Toshiba Business Overview
 Table 59. Toshiba Geothermal Power Plant Product
 Table 60. Toshiba Revenue in Geothermal Power Plant Business (2020-2025) & (US$ Million)
 Table 61. Toshiba Recent Development
 Table 62. Fuji Company Details
 Table 63. Fuji Business Overview
 Table 64. Fuji Geothermal Power Plant Product
 Table 65. Fuji Revenue in Geothermal Power Plant Business (2020-2025) & (US$ Million)
 Table 66. Fuji Recent Development
 Table 67. Alstom Company Details
 Table 68. Alstom Business Overview
 Table 69. Alstom Geothermal Power Plant Product
 Table 70. Alstom Revenue in Geothermal Power Plant Business (2020-2025) & (US$ Million)
 Table 71. Alstom Recent Development
 Table 72. General Electric Company Details
 Table 73. General Electric Business Overview
 Table 74. General Electric Geothermal Power Plant Product
 Table 75. General Electric Revenue in Geothermal Power Plant Business (2020-2025) & (US$ Million)
 Table 76. General Electric Recent Development
 Table 77. Research Programs/Design for This Report
 Table 78. Key Data Information from Secondary Sources
 Table 79. Key Data Information from Primary Sources
 Table 80. Authors List of This Report


List of Figures
 Figure 1. Geothermal Power Plant Picture
 Figure 2. Global Geothermal Power Plant Market Size Comparison by Type (2020-2031) & (US$ Million)
 Figure 3. Global Geothermal Power Plant Market Share by Type: 2024 VS 2031
 Figure 4. Dry Steam Stations Features
 Figure 5. Flash Steam Power Stations Features
 Figure 6. Binary Cycle Stations Features
 Figure 7. Global Geothermal Power Plant Market Size by Application (2020-2031) & (US$ Million)
 Figure 8. Global Geothermal Power Plant Market Share by Application: 2024 VS 2031
 Figure 9. Dry Steam Power Stations Case Studies
 Figure 10. Flash Steam Power Stations Case Studies
 Figure 11. Binary Cycle Power Stations Case Studies
 Figure 12. Geothermal Power Plant Report Years Considered
 Figure 13. Global Geothermal Power Plant Market Size (US$ Million), Year-over-Year: 2020-2031
 Figure 14. Global Geothermal Power Plant Market Size, (US$ Million), 2020 VS 2024 VS 2031
 Figure 15. Global Geothermal Power Plant Market Share by Region: 2024 VS 2031
 Figure 16. Global Geothermal Power Plant Market Share by Players in 2024
 Figure 17. Global Top Geothermal Power Plant Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Geothermal Power Plant as of 2024)
 Figure 18. The Top 10 and 5 Players Market Share by Geothermal Power Plant Revenue in 2024
 Figure 19. North America Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 20. North America Geothermal Power Plant Market Share by Country (2020-2031)
 Figure 21. United States Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 22. Canada Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 23. Europe Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 24. Europe Geothermal Power Plant Market Share by Country (2020-2031)
 Figure 25. Germany Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 26. France Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 27. U.K. Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 28. Italy Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 29. Russia Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 30. Nordic Countries Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 31. Asia-Pacific Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 32. Asia-Pacific Geothermal Power Plant Market Share by Region (2020-2031)
 Figure 33. China Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 34. Japan Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 35. South Korea Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 36. Southeast Asia Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 37. India Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 38. Australia Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 39. Latin America Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 40. Latin America Geothermal Power Plant Market Share by Country (2020-2031)
 Figure 41. Mexico Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 42. Brazil Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 43. Middle East & Africa Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 44. Middle East & Africa Geothermal Power Plant Market Share by Country (2020-2031)
 Figure 45. Turkey Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 46. Saudi Arabia Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 47. UAE Geothermal Power Plant Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 48. Mitsubishi Revenue Growth Rate in Geothermal Power Plant Business (2020-2025)
 Figure 49. Ormat Revenue Growth Rate in Geothermal Power Plant Business (2020-2025)
 Figure 50. Toshiba Revenue Growth Rate in Geothermal Power Plant Business (2020-2025)
 Figure 51. Fuji Revenue Growth Rate in Geothermal Power Plant Business (2020-2025)
 Figure 52. Alstom Revenue Growth Rate in Geothermal Power Plant Business (2020-2025)
 Figure 53. General Electric Revenue Growth Rate in Geothermal Power Plant Business (2020-2025)
 Figure 54. Bottom-up and Top-down Approaches for This Report
 Figure 55. Data Triangulation
 Figure 56. Key Executives Interviewed
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