Geothermal Power Generation Market is expected to reach USD 8.9 billion in 2019: Transparency Market Research

  Geothermal Power Generation Market is expected to reach USD 8.9 billion in
                      2019: Transparency Market Research

  PR Newswire

  ALBANY, New York, June 18, 2014

ALBANY, New York, June 18, 2014 /PRNewswire/ --

Transparency Market Research has released a new market report titled
"Geothermal Power Generation Market for Dry Steam, Flash Steam, Binary Cycle
Technology - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2013 - 2019." According to the report, the geothermal power
generation market was valued at USD 2.5 billion in 2013 and is expected to
reach USD 8.9 billion in 2019, expanding at a CAGR of 23.58% from 2013 to

Browse the full  Geothermal Power Generation Market  report at

Geothermal power is the only form of renewable electricity capable of
achieving high capacity utilization and supply base load. This provides
geothermal power with a unique market positioning, thereby allowing it to
compete with conventional and non-conventional sources of power generation.
Regulatory initiatives by governments around the world may prove to be both
drivers and restraints for the market. Policy frameworks such as feed in
tariffs, renewable energy certificates, renewable purchase obligations by
utilities and soft loans for geothermal resources development are major
drivers for the industry. However, strict environmental protection laws, land
ownership laws and ground water pollution control regulations may hamper
development in the sector. Nevertheless, many countries around the world are
relaxing and amending stringent environmental norms in order to harness
geothermal resources.

The market has been analyzed in terms of the type of power plant technology
used to generate geothermal power. The three dominant technologies are dry
steam, flash steam and binary cycle. The geothermal power generation market is
witnessing significant changes in terms of technology adoption. This trend is
projected to continue in the near future. Significant changes are likely to be
observed in the market in terms of market share of each technology type during
the forecast period. Older technologies such as dry steam that require high
temperature resources are anticipated to lose market share, while newer and
more efficient technologies such as binary cycle would exhibit high rates of
market penetration. Flash plants account for majority market share in terms of
global installed capacity; however, flash plants are estimated to lose market
share due to the impact of binary cycle power plants. In terms of installed
capacity (volume), the geothermal power generation market is expected to
expand at a CAGR of 8.28% from 2013 to 2019.

Geothermal power generation requires high upfront capital cost; however,
attractive payback periods and zero fuel costs are investment drivers in the
industry. Investment requirements to set up a geothermal power plant are not
limited to construction expenses. These involve four different cost
components: exploration costs, drilling costs, surface facility construction
costs and actual power plant construction costs. The geothermal power
generation market is fragmented in nature, with no single market player
occupying a large market share. However, smaller companies pool resources
through strategic alliances and joint ventures in order to pursue aggressive
geothermal asset acquisition and development strategies. This may lead to a
wave of industry consolidation in the near future.

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Key players in the market include Ormat Technologies Inc., Energy Development
Corporation (Indonesia), Chevron Corporation and Calpine Corporation. The
report provides an overview of these companies, followed by their financial
revenue, business strategies and recent developments. The research analyzes
and estimates the performance and market of geothermal power generation
globally. Thus, it provides a detailed trend analysis of the market in terms
of geography and comprehensive analysis of companies that deal in solar
tracker systems. The report provides a thorough assessment of strategies
followed by different stakeholders by segmenting the geothermal power
generation market as below:

  *Geothermal Power Generation Market: Technology Analysis 

       *Dry steam
       *Flash steam
       *Binary cycle

Browse the full  Geothermal Power Generation Market  report at

  *Geothermal Power Generation Market: Geography Analysis 

       *North America  

            *The U.S.


            *France (Guadeloupe)
            *Russia (Kamchatka)

       *Asia Pacific

            *Papua New Guinea
            *The Philippines
            *New Zealand

       *RoW (Rest of the World)

            *Costa Rica
            *El Salvador

Browse Energy & Mining Market Research Reports @

About Us 

Transparency Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking insight
for thousands of decision makers. TMR's experiencedteam of Analysts,
Researchers, and Consultants, use proprietary data sources and various tools
and techniques to gather and analyze information

Our data repository is continuously updated and revised by a team of research
experts, so that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research employs
rigorous primary and secondary research techniques in developing distinctive
data sets and research material for business reports.


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