세계의 지열 에너지 시장 : 기술, 용량, 최종사용자, 용도별 예측(2025-2030년)

The Geothermal Energy Market was valued at USD 3.67 billion in 2023, expected to reach USD 3.86 billion in 2024, and is projected to grow at a CAGR of 5.42%, to USD 5.32 billion by 2030.

Geothermal energy, derived from the Earth's internal heat, presents a sustainable and reliable energy source with a broad scope in power generation, direct use applications, and heating solutions. Necessity for geothermal energy stems from its minimal carbon footprint, renewable nature, and capacity for consistent power production, contrasting the variability of other forms of renewable energy like solar or wind. Its applications span from electricity generation using geothermal power plants to residential and commercial heating and cooling via geothermal heat pumps. In terms of end-use, geothermal energy serves utilities, industries, and agricultural sectors, highlighting its versatile economic impact. Market insights reveal that government incentives, technological advancements, and a growing demand for clean energy are pivotal growth influencers. Developing regions with untapped geothermal potential, such as parts of Africa and Asia, offer substantial opportunities, particularly as energy security gains global prominence. However, challenges persist, including high initial investment costs, complex resource location and drilling processes, and site-specific environmental considerations. These limitations necessitate strategic attention towards enhancing drilling technologies and policy frameworks to mitigate financial risks. Innovations are crucial; thus, continued research in enhanced geothermal systems (EGS) and co-generation with solar or biomass could offer multilayered benefits, improving system efficiency and economic viability. Business growth requires tapping into decentralized heating markets and leveraging district heating networks which enable localized energy solutions. Furthermore, cross-industry collaborations and shared infrastructure investments can reduce costs and increase feasibility. The geothermal market, characterized by steady long-term growth potential, is poised for expansion as part of a diversifying energy portfolio addressing sustainability concerns, although subject to regulatory and technological hurdles that necessitate careful navigation to maximize its contribution to transitioning energy systems.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Geothermal Energy Market

The Geothermal Energy Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Increased utilization of geothermal heat pumps for heating and cooling in residential and commercial buildings
  • Enhanced regulatory frameworks and policies at regional and national levels supporting geothermal development
  • Rise in adoption of geothermal energy in agriculture for greenhouse and aquaculture applications
  • Integration of digital and IoT technologies optimizing geothermal energy monitoring and management
• Market Restraints
  • Lack of widespread understanding and expertise in geothermal technology among construction and energy professionals
  • Difficulty in securing financing for geothermal projects due to perceived long-term risks and uncertain returns
• Market Opportunities
  • Expansion of geothermal heating and cooling systems in commercial real estate markets
  • Development of decentralized geothermal energy solutions for remote and rural communities
  • Investment in advanced geothermal energy technologies for enhanced resource efficiency and sustainability
• Market Challenges
  • Addressing the risks associated with geological uncertainty and resource sustainability in geothermal operations
  • Improving public awareness and acceptance of geothermal energy solutions and their environmental benefits

Porter's Five Forces: A Strategic Tool for Navigating the Geothermal Energy Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Geothermal Energy Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Geothermal Energy Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Geothermal Energy Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Geothermal Energy Market

A detailed market share analysis in the Geothermal Energy Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Geothermal Energy Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Geothermal Energy Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Geothermal Energy Market

A strategic analysis of the Geothermal Energy Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Geothermal Energy Market, highlighting leading vendors and their innovative profiles. These include Ansaldo Energia, Atlas Copco AB, BCG Energy, Calpine Corporation, Chevron Corporation, Consolidated Edison Development, Inc., Cyrq Energy, Inc., Dongfang Electric Corporation, Enel Geothermal Larderello, Enel Green Power, Fuji Electric Co., Ltd., General Electric Company, Green Power International Pvt. Ltd., Iceland Drilling Company Ltd, Innergex Renewable Energy Inc., Kenya Electricity Generating Company PLC, Mitsubishi Heavy Industries, Nidec Corporation, Ormat Technologies Inc., Pertamina Geothermal Energy PT Tbk, Raser Technologies Inc., Reykjavik Geothermal, Spondylus Energia Renovable, Sumitomo Corporation, Terra-Gen, LLC, and Toshiba Corporation.

Market Segmentation & Coverage

This research report categorizes the Geothermal Energy Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Technology, market is studied across Binary Cycle, Dry Steam, and Flash Steam.
• Based on Capacity, market is studied across Large Scale, Medium Scale, and Small Scale.
• Based on End-User, market is studied across Commercial, Industrial, and Private.
• Based on Application, market is studied across Aquaculture, Greenhouses & Open Ground Heating, and Industrial Processes.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Increased utilization of geothermal heat pumps for heating and cooling in residential and commercial buildings
    • 5.1.1.2. Enhanced regulatory frameworks and policies at regional and national levels supporting geothermal development
    • 5.1.1.3. Rise in adoption of geothermal energy in agriculture for greenhouse and aquaculture applications
    • 5.1.1.4. Integration of digital and IoT technologies optimizing geothermal energy monitoring and management
  • 5.1.2. Restraints
    • 5.1.2.1. Lack of widespread understanding and expertise in geothermal technology among construction and energy professionals
    • 5.1.2.2. Difficulty in securing financing for geothermal projects due to perceived long-term risks and uncertain returns
  • 5.1.3. Opportunities
    • 5.1.3.1. Expansion of geothermal heating and cooling systems in commercial real estate markets
    • 5.1.3.2. Development of decentralized geothermal energy solutions for remote and rural communities
    • 5.1.3.3. Investment in advanced geothermal energy technologies for enhanced resource efficiency and sustainability
  • 5.1.4. Challenges
    • 5.1.4.1. Addressing the risks associated with geological uncertainty and resource sustainability in geothermal operations
    • 5.1.4.2. Improving public awareness and acceptance of geothermal energy solutions and their environmental benefits
• 5.2. Market Segmentation Analysis
  • 5.2.1. Technology: Rising adoption of binary cycle geothermal plants for high efficiency in moderate and low temperature geothermal resources
  • 5.2.2. Applications: Growing utilization of geothermal energy in industrial processes as an environmentally friendly alternative
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Geothermal Energy Market, by Technology

• 6.1. Introduction
• 6.2. Binary Cycle
• 6.3. Dry Steam
• 6.4. Flash Steam

7. Geothermal Energy Market, by Capacity

• 7.1. Introduction
• 7.2. Large Scale
• 7.3. Medium Scale
• 7.4. Small Scale

8. Geothermal Energy Market, by End-User

• 8.1. Introduction
• 8.2. Commercial
• 8.3. Industrial
• 8.4. Private

9. Geothermal Energy Market, by Application

• 9.1. Introduction
• 9.2. Aquaculture
• 9.3. Greenhouses & Open Ground Heating
• 9.4. Industrial Processes

10. Americas Geothermal Energy Market

• 10.1. Introduction
• 10.2. Argentina
• 10.3. Brazil
• 10.4. Canada
• 10.5. Mexico
• 10.6. United States

11. Asia-Pacific Geothermal Energy Market

• 11.1. Introduction
• 11.2. Australia
• 11.3. China
• 11.4. India
• 11.5. Indonesia
• 11.6. Japan
• 11.7. Malaysia
• 11.8. Philippines
• 11.9. Singapore
• 11.10. South Korea
• 11.11. Taiwan
• 11.12. Thailand
• 11.13. Vietnam

12. Europe, Middle East & Africa Geothermal Energy Market

• 12.1. Introduction
• 12.2. Denmark
• 12.3. Egypt
• 12.4. Finland
• 12.5. France
• 12.6. Germany
• 12.7. Israel
• 12.8. Italy
• 12.9. Netherlands
• 12.10. Nigeria
• 12.11. Norway
• 12.12. Poland
• 12.13. Qatar
• 12.14. Russia
• 12.15. Saudi Arabia
• 12.16. South Africa
• 12.17. Spain
• 12.18. Sweden
• 12.19. Switzerland
• 12.20. Turkey
• 12.21. United Arab Emirates
• 12.22. United Kingdom

13. Competitive Landscape

• 13.1. Market Share Analysis, 2023
• 13.2. FPNV Positioning Matrix, 2023
• 13.3. Competitive Scenario Analysis
  • 13.3.1. Zanskar Geothermal & Minerals acquires Lightning Dock geothermal power plant in New Mexico
  • 13.3.2. Baseload Capital and ThinkGeoEnergy announce partnership on geothermal news sharing
  • 13.3.3. US DOE unveils roadmap for next generation of geothermal power
• 13.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. Ansaldo Energia
• 2. Atlas Copco AB
• 3. BCG Energy
• 4. Calpine Corporation
• 5. Chevron Corporation
• 6. Consolidated Edison Development, Inc.
• 7. Cyrq Energy, Inc.
• 8. Dongfang Electric Corporation
• 9. Enel Geothermal Larderello
• 10. Enel Green Power
• 11. Fuji Electric Co., Ltd.
• 12. General Electric Company
• 13. Green Power International Pvt. Ltd.
• 14. Iceland Drilling Company Ltd
• 15. Innergex Renewable Energy Inc.
• 16. Kenya Electricity Generating Company PLC
• 17. Mitsubishi Heavy Industries
• 18. Nidec Corporation
• 19. Ormat Technologies Inc.
• 20. Pertamina Geothermal Energy PT Tbk
• 21. Raser Technologies Inc.
• 22. Reykjavik Geothermal
• 23. Spondylus Energia Renovable
• 24. Sumitomo Corporation
• 25. Terra-Gen, LLC
• 26. Toshiba Corporation