Global Geothermal Power Plant Market Research Report 2023

The global Geothermal Power Plant market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Geothermal Power Plant is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Geothermal Power Plant is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Geothermal Power Plant in Dry Steam Power Stations is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Geothermal Power Plant include Mitsubishi, Ormat, Toshiba, Fuji, Alstom and General Electric, etc. In 2022, 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 2022 as the base year, with history and forecast data for the period from 2018 to 2029. 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.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Geothermal Power Plant Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

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: 2018 VS 2022 VS 2029

1.3.2 Dry Steam Power Stations

1.3.3 Flash Steam Power Stations

1.3.4 Binary Cycle Power Stations

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Geothermal Power Plant Market Perspective (2018-2029)

2.2 Geothermal Power Plant Growth Trends by Region

2.2.1 Global Geothermal Power Plant Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Geothermal Power Plant Historic Market Size by Region (2018-2023)

2.2.3 Geothermal Power Plant Forecasted Market Size by Region (2024-2029)

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

3.1 Global Top Geothermal Power Plant Players by Revenue

3.1.1 Global Top Geothermal Power Plant Players by Revenue (2018-2023)

3.1.2 Global Geothermal Power Plant Revenue Market Share by Players (2018-2023)

3.2 Global Geothermal Power Plant Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: 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 2022

3.5 Geothermal Power Plant Key Players Head office and Area Served

3.6 Key Players Geothermal Power Plant Product Solution and Service

3.7 Date of Enter into Geothermal Power Plant Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Geothermal Power Plant Historic Market Size by Type (2018-2023)

4.2 Global Geothermal Power Plant Forecasted Market Size by Type (2024-2029)

5.1 Global Geothermal Power Plant Historic Market Size by Application (2018-2023)

5.2 Global Geothermal Power Plant Forecasted Market Size by Application (2024-2029)

6.1 North America Geothermal Power Plant Market Size (2018-2029)

6.2 North America Geothermal Power Plant Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Geothermal Power Plant Market Size by Country (2018-2023)

6.4 North America Geothermal Power Plant Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Geothermal Power Plant Market Size (2018-2029)

7.2 Europe Geothermal Power Plant Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Geothermal Power Plant Market Size by Country (2018-2023)

7.4 Europe Geothermal Power Plant Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Geothermal Power Plant Market Size (2018-2029)

8.2 Asia-Pacific Geothermal Power Plant Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Geothermal Power Plant Market Size by Region (2018-2023)

8.4 Asia-Pacific Geothermal Power Plant Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Geothermal Power Plant Market Size (2018-2029)

9.2 Latin America Geothermal Power Plant Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Geothermal Power Plant Market Size by Country (2018-2023)

9.4 Latin America Geothermal Power Plant Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Geothermal Power Plant Market Size (2018-2029)

10.2 Middle East & Africa Geothermal Power Plant Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Geothermal Power Plant Market Size by Country (2018-2023)

10.4 Middle East & Africa Geothermal Power Plant Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Mitsubishi

11.1.1 Mitsubishi Company Detail

11.1.2 Mitsubishi Business Overview

11.1.3 Mitsubishi Geothermal Power Plant Introduction

11.1.4 Mitsubishi Revenue in Geothermal Power Plant Business (2018-2023)

11.1.5 Mitsubishi Recent Development

11.2 Ormat

11.2.1 Ormat Company Detail

11.2.2 Ormat Business Overview

11.2.3 Ormat Geothermal Power Plant Introduction

11.2.4 Ormat Revenue in Geothermal Power Plant Business (2018-2023)

11.2.5 Ormat Recent Development

11.3 Toshiba

11.3.1 Toshiba Company Detail

11.3.2 Toshiba Business Overview

11.3.3 Toshiba Geothermal Power Plant Introduction

11.3.4 Toshiba Revenue in Geothermal Power Plant Business (2018-2023)

11.3.5 Toshiba Recent Development

11.4 Fuji

11.4.1 Fuji Company Detail

11.4.2 Fuji Business Overview

11.4.3 Fuji Geothermal Power Plant Introduction

11.4.4 Fuji Revenue in Geothermal Power Plant Business (2018-2023)

11.4.5 Fuji Recent Development

11.5 Alstom

11.5.1 Alstom Company Detail

11.5.2 Alstom Business Overview

11.5.3 Alstom Geothermal Power Plant Introduction

11.5.4 Alstom Revenue in Geothermal Power Plant Business (2018-2023)

11.5.5 Alstom Recent Development

11.6 General Electric

11.6.1 General Electric Company Detail

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 (2018-2023)

11.6.5 General Electric Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Geothermal Power Plant Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    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): 2018 VS 2022 VS 2029

    Table 6. Global Geothermal Power Plant Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Geothermal Power Plant Market Size by Region (2018-2023) & (US$ Million)

    Table 8. Global Geothermal Power Plant Market Share by Region (2018-2023)

    Table 9. Global Geothermal Power Plant Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 10. Global Geothermal Power Plant Market Share by Region (2024-2029)

    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 (2018-2023) & (US$ Million)

    Table 16. Global Geothermal Power Plant Market Share by Players (2018-2023)

    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 2022)

    Table 18. Ranking of Global Top Geothermal Power Plant Companies by Revenue (US$ Million) in 2022

    Table 19. Global 5 Largest Players Market Share by Geothermal Power Plant Revenue (CR5 and HHI) & (2018-2023)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Geothermal Power Plant Product Solution and Service

    Table 22. Date of Enter into Geothermal Power Plant Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Geothermal Power Plant Market Size by Type (2018-2023) & (US$ Million)

    Table 25. Global Geothermal Power Plant Revenue Market Share by Type (2018-2023)

    Table 26. Global Geothermal Power Plant Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 27. Global Geothermal Power Plant Revenue Market Share by Type (2024-2029)

    Table 28. Global Geothermal Power Plant Market Size by Application (2018-2023) & (US$ Million)

    Table 29. Global Geothermal Power Plant Revenue Market Share by Application (2018-2023)

    Table 30. Global Geothermal Power Plant Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 31. Global Geothermal Power Plant Revenue Market Share by Application (2024-2029)

    Table 32. North America Geothermal Power Plant Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 33. North America Geothermal Power Plant Market Size by Country (2018-2023) & (US$ Million)

    Table 34. North America Geothermal Power Plant Market Size by Country (2024-2029) & (US$ Million)

    Table 35. Europe Geothermal Power Plant Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 36. Europe Geothermal Power Plant Market Size by Country (2018-2023) & (US$ Million)

    Table 37. Europe Geothermal Power Plant Market Size by Country (2024-2029) & (US$ Million)

    Table 38. Asia-Pacific Geothermal Power Plant Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 39. Asia-Pacific Geothermal Power Plant Market Size by Region (2018-2023) & (US$ Million)

    Table 40. Asia-Pacific Geothermal Power Plant Market Size by Region (2024-2029) & (US$ Million)

    Table 41. Latin America Geothermal Power Plant Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 42. Latin America Geothermal Power Plant Market Size by Country (2018-2023) & (US$ Million)

    Table 43. Latin America Geothermal Power Plant Market Size by Country (2024-2029) & (US$ Million)

    Table 44. Middle East & Africa Geothermal Power Plant Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 45. Middle East & Africa Geothermal Power Plant Market Size by Country (2018-2023) & (US$ Million)

    Table 46. Middle East & Africa Geothermal Power Plant Market Size by Country (2024-2029) & (US$ Million)

    Table 47. Mitsubishi Company Detail

    Table 48. Mitsubishi Business Overview

    Table 49. Mitsubishi Geothermal Power Plant Product

    Table 50. Mitsubishi Revenue in Geothermal Power Plant Business (2018-2023) & (US$ Million)

    Table 51. Mitsubishi Recent Development

    Table 52. Ormat Company Detail

    Table 53. Ormat Business Overview

    Table 54. Ormat Geothermal Power Plant Product

    Table 55. Ormat Revenue in Geothermal Power Plant Business (2018-2023) & (US$ Million)

    Table 56. Ormat Recent Development

    Table 57. Toshiba Company Detail

    Table 58. Toshiba Business Overview

    Table 59. Toshiba Geothermal Power Plant Product

    Table 60. Toshiba Revenue in Geothermal Power Plant Business (2018-2023) & (US$ Million)

    Table 61. Toshiba Recent Development

    Table 62. Fuji Company Detail

    Table 63. Fuji Business Overview

    Table 64. Fuji Geothermal Power Plant Product

    Table 65. Fuji Revenue in Geothermal Power Plant Business (2018-2023) & (US$ Million)

    Table 66. Fuji Recent Development

    Table 67. Alstom Company Detail

    Table 68. Alstom Business Overview

    Table 69. Alstom Geothermal Power Plant Product

    Table 70. Alstom Revenue in Geothermal Power Plant Business (2018-2023) & (US$ Million)

    Table 71. Alstom Recent Development

    Table 72. General Electric Company Detail

    Table 73. General Electric Business Overview

    Table 74. General Electric Geothermal Power Plant Product

    Table 75. General Electric Revenue in Geothermal Power Plant Business (2018-2023) & (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

List of Figures

    Figure 1. Global Geothermal Power Plant Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Geothermal Power Plant Market Share by Type: 2022 VS 2029

    Figure 3. Dry Steam Stations Features

    Figure 4. Flash Steam Power Stations Features

    Figure 5. Binary Cycle Stations Features

    Figure 6. Global Geothermal Power Plant Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 7. Global Geothermal Power Plant Market Share by Application: 2022 VS 2029

    Figure 8. Dry Steam Power Stations Case Studies

    Figure 9. Flash Steam Power Stations Case Studies

    Figure 10. Binary Cycle Power Stations Case Studies

    Figure 11. Geothermal Power Plant Report Years Considered

    Figure 12. Global Geothermal Power Plant Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 13. Global Geothermal Power Plant Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 14. Global Geothermal Power Plant Market Share by Region: 2022 VS 2029

    Figure 15. Global Geothermal Power Plant Market Share by Players in 2022

    Figure 16. 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 2022)

    Figure 17. The Top 10 and 5 Players Market Share by Geothermal Power Plant Revenue in 2022

    Figure 18. North America Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 19. North America Geothermal Power Plant Market Share by Country (2018-2029)

    Figure 20. United States Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Canada Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Europe Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. Europe Geothermal Power Plant Market Share by Country (2018-2029)

    Figure 24. Germany Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. France Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. U.K. Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Italy Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Russia Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Nordic Countries Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Asia-Pacific Geothermal Power Plant Market Share by Region (2018-2029)

    Figure 32. China Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Japan Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. South Korea Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Southeast Asia Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. India Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Australia Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Latin America Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Latin America Geothermal Power Plant Market Share by Country (2018-2029)

    Figure 40. Mexico Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Brazil Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Middle East & Africa Geothermal Power Plant Market Share by Country (2018-2029)

    Figure 44. Turkey Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Saudi Arabia Geothermal Power Plant Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 46. Mitsubishi Revenue Growth Rate in Geothermal Power Plant Business (2018-2023)

    Figure 47. Ormat Revenue Growth Rate in Geothermal Power Plant Business (2018-2023)

    Figure 48. Toshiba Revenue Growth Rate in Geothermal Power Plant Business (2018-2023)

    Figure 49. Fuji Revenue Growth Rate in Geothermal Power Plant Business (2018-2023)

    Figure 50. Alstom Revenue Growth Rate in Geothermal Power Plant Business (2018-2023)

    Figure 51. General Electric Revenue Growth Rate in Geothermal Power Plant Business (2018-2023)

    Figure 52. Bottom-up and Top-down Approaches for This Report

    Figure 53. Data Triangulation

    Figure 54. Key Executives Interviewed