Geothermal Exploration Market : Global Industry Analysis and Forecast 2023-2029


Global Geothermal Exploration Market size is expected to reach US$ 7.87 Bn. by 2029, growing at a CAGR of 5% during the forecast period.

The report has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Geothermal can offer flexible electricity and renewable base load. The exploration part of a geothermal project aims at detecting geothermal reservoirs for possible exploitation and at selecting the best sites for drilling production wells.Geothermal Exploration MarketTo know about the Research Methodology :- Request Free Sample Report

The global market for geothermal exploration is expected to gain market growth from 2023 to 2029 thanks to rising economies and growing population. Geothermal expansion is a very complicated process needful specialized services and a broad range of skills. It is also a comparatively small sector with experience and knowledge concentrated in a small number of key players around the globe

Global geothermal installed capacity in 2017 amounted to 901MW, the highest number in ten years, which were installed in Turkey (197 MW), Kenya 518 MW, and Indonesia 95 MW. With the increasing momentum for utilizing these geothermal resources, a growing number of economies are showing interest in emerging geothermal projects.

By region, North America is expected to continue to hold the largest xx% share in geothermal exploration market thanks to growing clean energy demand and rising emission reduction measures. Additionally, the increasing demand for heating and cooling systems will have a positive impact on geothermal exploration market growth. The U.S. leads market based on installed capacity with 3,074MWe followed by the Philippines and Indonesia, with 1,902MWe and 1,187MWe respectively. The U.S. also leads the world in terms of emerging projects with above 150 geothermal developments of the projects underway in 13 states.

The MMR report will also provide an accurate prediction of the contribution of the various segments to the growth of the geothermal exploration market size. By technique, the downhole technique segment dominated the geothermal exploration market, with a market size of US$ xx Mn in 2019 and to reach US$ xx Mn by 2029, with a CAGR of 15%. The downhole technique includes of formation testing techniques, borehole seismic techniques, well testing techniques and well logging techniques. Drilling technique covers growth exploration drilling.

The competitive landscape section in the geothermal exploration market offers a deep dive into the profiles of the leading companies operating in the global market landscape. It offers captivating insights on the key developments, differential strategies, and other crucial aspects about the key players having a stronghold in the geothermal exploration market.

The objective of the report is to present a comprehensive analysis of the Global Geothermal Exploration Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global market dynamics, structure by analyzing the market segments and projects the Global market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.

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Geothermal Exploration Market 




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 5.59 Bn.




Forecast Period 2023 to 2029 CAGR:
5%
Market Size in 2029:
US $ 7.87 Bn.




 Segments Covered:
by Techniques
Data and modeling Techniques
Downhole Technique
Drilling Technique
Field Techniques
Geochemical Techniques
Geophysical Technique
Lab Analysis Technique
Remote Sensing Technique






Geothermal Exploration Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key Players are:

1. Mannvit Engineering
2. Schlumberger Ltd.
3. Baker Hughes Inc.
4. Geothermal Exploration Ltd.
5. Cluff Geothermal Ltd.
6. Kalahari GeoEnergy Ltd.
7. Panax Geothermal Company
8. Weatherford International Ltd
9. NREL Transforming Energy
10.Gradient Resources

Frequently Asked questions

1. What is the market size of the Global Geothermal Exploration Market in 2022?
Ans. The market size Global Market in 2022 was US$ 5.59 Billion.

2. What are the different segments of the Global Geothermal Exploration Market?
Ans. The Global Market  is divided into Techniques.

3. What is the study period of this market?
Ans. The Global Market will be studied from 2022 to 2029.

4. Which region is expected to hold the highest Global Geothermal Exploration Market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global Geothermal Exploration Market?
Ans. The Forecast Period of the market is 2023-2029 in the market. 




Geothermal Exploration Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Geothermal Exploration Market

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators

6. Geothermal Exploration Market Analysis and Forecast
6.1. Geothermal Exploration Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Geothermal Exploration Market Analysis and Forecast, By Techniques
7.1. Introduction and Definition
7.2. Key Findings
7.3. Geothermal Exploration Market Value Share Analysis, By Techniques
7.4. Geothermal Exploration Market Size (US$ Bn) Forecast, By Techniques
7.5. Geothermal Exploration Market Analysis, By Techniques
7.6. Geothermal Exploration Market Attractiveness Analysis, By Techniques

8. Geothermal Exploration Market Analysis, by Region
8.1. Geothermal Exploration Market Value Share Analysis, by Region
8.2. Geothermal Exploration Market Size (US$ Bn) Forecast, by Region
8.3. Geothermal Exploration Market Attractiveness Analysis, by Region

9. North America Geothermal Exploration Market Analysis
9.1. Key Findings
9.2. North America Geothermal Exploration Market Overview
9.3. North America Geothermal Exploration Market Value Share Analysis, By Techniques
9.4. North America Geothermal Exploration Market Forecast, By Techniques
9.4.1. Data and Modeling Techniques
9.4.2. Downhole Technique
9.4.3. Drilling Technique
9.4.4. Field technique
9.4.5. Geochemical techniques
9.4.6. Geophysical technique
9.4.7. Lab analysis technique
9.4.8. Remote sensing technique
9.5. North America Geothermal Exploration Market Value Share Analysis, by Country
9.6. North America Geothermal Exploration Market Forecast, by Country
9.6.1. U.S.
9.6.2. Canada
9.7. North America Geothermal Exploration Market Analysis, by Country
9.8. U.S. Geothermal Exploration Market Forecast, By Techniques
9.8.1. Data and Modeling Techniques
9.8.2. Downhole Technique
9.8.3. Drilling Technique
9.8.4. Field technique
9.8.5. Geochemical techniques
9.8.6. Geophysical technique
9.8.7. Lab analysis technique
9.8.8. Remote sensing technique
9.9. Canada Geothermal Exploration Market Forecast, By Techniques
9.9.1. Data and Modeling Techniques
9.9.2. Downhole Technique
9.9.3. Drilling Technique
9.9.4. Field technique
9.9.5. Geochemical techniques
9.9.6. Geophysical technique
9.9.7. Lab analysis technique
9.9.8. Remote sensing technique
9.10. North America Geothermal Exploration Market Attractiveness Analysis,
9.10.1. By Techniques
9.11. PEST Analysis
9.12. Key Trends
9.13. Key Developments

10. Europe Geothermal Exploration Market Analysis
10.1. Key Findings
10.2. Europe Geothermal Exploration Market Overview
10.3. Europe Geothermal Exploration Market Value Share Analysis, By Techniques
10.4. Europe Geothermal Exploration Market Forecast, By Techniques
10.4.1. Data and Modeling Techniques
10.4.2. Downhole Technique
10.4.3. Drilling Technique
10.4.4. Field technique
10.4.5. Geochemical techniques
10.4.6. Geophysical technique
10.4.7. Lab analysis technique
10.4.8. Remote sensing technique
10.5. Europe Geothermal Exploration Market Value Share Analysis, by Country
10.6. Europe Geothermal Exploration Market Forecast, by Country
10.6.1. Germany
10.6.2. U.K.
10.6.3. France
10.6.4. Italy
10.6.5. Spain
10.6.6. Russia
10.6.7. Sweden
10.6.8. Rest of Europe
10.7. Europe Geothermal Exploration Market Analysis, by Country
10.8. Germany Geothermal Exploration Market Forecast, By Techniques
10.8.1. Data and Modeling Techniques
10.8.2. Downhole Technique
10.8.3. Drilling Technique
10.8.4. Field technique
10.8.5. Geochemical techniques
10.8.6. Geophysical technique
10.8.7. Lab analysis technique
10.8.8. Remote sensing technique
10.9. U.K. Geothermal Exploration Market Forecast, By Techniques
10.9.1. Data and Modeling Techniques
10.9.2. Downhole Technique
10.9.3. Drilling Technique
10.9.4. Field technique
10.9.5. Geochemical techniques
10.9.6. Geophysical technique
10.9.7. Lab analysis technique
10.9.8. Remote sensing technique
10.10. France Geothermal Exploration Market Forecast, By Techniques
10.10.1. Data and Modeling Techniques
10.10.2. Downhole Technique
10.10.3. Drilling Technique
10.10.4. Field technique
10.10.5. Geochemical techniques
10.10.6. Geophysical technique
10.10.7. Lab analysis technique
10.10.8. Remote sensing technique
10.11. Italy Geothermal Exploration Market Forecast, By Techniques
10.11.1. Data and Modeling Techniques
10.11.2. Downhole Technique
10.11.3. Drilling Technique
10.11.4. Field technique
10.11.5. Geochemical techniques
10.11.6. Geophysical technique
10.11.7. Lab analysis technique
10.11.8. Remote sensing technique
10.12. Spain Geothermal Exploration Market Forecast, By Techniques
10.12.1. Data and Modeling Techniques
10.12.2. Downhole Technique
10.12.3. Drilling Technique
10.12.4. Field technique
10.12.5. Geochemical techniques
10.12.6. Geophysical technique
10.12.7. Lab analysis technique
10.12.8. Remote sensing technique

10.13. Russia Geothermal Exploration Market Forecast, By Techniques
10.13.1. Data and Modeling Techniques
10.13.2. Downhole Technique
10.13.3. Drilling Technique
10.13.4. Field technique
10.13.5. Geochemical techniques
10.13.6. Geophysical technique
10.13.7. Lab analysis technique
10.13.8. Remote sensing technique
10.14. Sweden Geothermal Exploration Market Forecast, By Techniques
10.14.1. Data and Modeling Techniques
10.14.2. Downhole Technique
10.14.3. Drilling Technique
10.14.4. Field technique
10.14.5. Geochemical techniques
10.14.6. Geophysical technique
10.14.7. Lab analysis technique
10.14.8. Remote sensing technique
10.15. Rest of Europe Geothermal Exploration Market Forecast, By Techniques
10.15.1. Data and Modeling Techniques
10.15.2. Downhole Technique
10.15.3. Drilling Technique
10.15.4. Field technique
10.15.5. Geochemical techniques
10.15.6. Geophysical technique
10.15.7. Lab analysis technique
10.15.8. Remote sensing technique
10.16. Europe Geothermal Exploration Market Attractiveness Analysis
10.16.1. By Techniques
10.17. PEST Analysis
10.18. Key Trends
10.19. Key Developments

11. Asia Pacific Geothermal Exploration Market Analysis
11.1. Key Findings
11.2. Asia Pacific Geothermal Exploration Market Overview
11.3. Asia Pacific Geothermal Exploration Market Value Share Analysis, By Techniques
11.4. Asia Pacific Geothermal Exploration Market Forecast, By Techniques
11.4.1. Data and Modeling Techniques
11.4.2. Downhole Technique
11.4.3. Drilling Technique
11.4.4. Field technique
11.4.5. Geochemical techniques
11.4.6. Geophysical technique
11.4.7. Lab analysis technique
11.4.8. Remote sensing technique
11.5. Asia Pacific Geothermal Exploration Market Value Share Analysis, by Country
11.6. Asia Pacific Geothermal Exploration Market Forecast, by Country
11.6.1. China
11.6.2. India
11.6.3. Japan
11.6.4. South Korea
11.6.5. Australia
11.6.6. Indonesia
11.6.7. Malaysia
11.6.8. Vietnam
11.6.9. Rest of Asia Pacific
11.7. Asia Pacific Geothermal Exploration Market Analysis, by Country
11.8. China Geothermal Exploration Market Forecast, By Techniques
11.8.1. Data and Modeling Techniques
11.8.2. Downhole Technique
11.8.3. Drilling Technique
11.8.4. Field technique
11.8.5. Geochemical techniques
11.8.6. Geophysical technique
11.8.7. Lab analysis technique
11.8.8. Remote sensing technique
11.9. India Geothermal Exploration Market Forecast, By Techniques
11.9.1. Data and Modeling Techniques
11.9.2. Downhole Technique
11.9.3. Drilling Technique
11.9.4. Field technique
11.9.5. Geochemical techniques
11.9.6. Geophysical technique
11.9.7. Lab analysis technique
11.9.8. Remote sensing technique
11.10. Japan Geothermal Exploration Market Forecast, By Techniques
11.10.1. Data and Modeling Techniques
11.10.2. Downhole Technique
11.10.3. Drilling Technique
11.10.4. Field technique
11.10.5. Geochemical techniques
11.10.6. Geophysical technique
11.10.7. Lab analysis technique
11.10.8. Remote sensing technique
11.11. South Korea Geothermal Exploration Market Forecast, By Techniques
11.11.1. Data and Modeling Techniques
11.11.2. Downhole Technique
11.11.3. Drilling Technique
11.11.4. Field technique
11.11.5. Geochemical techniques
11.11.6. Geophysical technique
11.11.7. Lab analysis technique
11.11.8. Remote sensing technique
11.12. Australia Geothermal Exploration Market Forecast, By Techniques
11.12.1. Data and Modeling Techniques
11.12.2. Downhole Technique
11.12.3. Drilling Technique
11.12.4. Field technique
11.12.5. Geochemical techniques
11.12.6. Geophysical technique
11.12.7. Lab analysis technique
11.12.8. Remote sensing technique
11.13. Indonesia Geothermal Exploration Market Forecast, By Techniques
11.13.1. Data and Modeling Techniques
11.13.2. Downhole Technique
11.13.3. Drilling Technique
11.13.4. Field technique
11.13.5. Geochemical techniques
11.13.6. Geophysical technique
11.13.7. Lab analysis technique
11.13.8. Remote sensing technique
11.14. Malaysia Geothermal Exploration Market Forecast, By Techniques
11.14.1. Data and Modeling Techniques
11.14.2. Downhole Technique
11.14.3. Drilling Technique
11.14.4. Field technique
11.14.5. Geochemical techniques
11.14.6. Geophysical technique
11.14.7. Lab analysis technique
11.14.8. Remote sensing technique
11.15. Vietnam Geothermal Exploration Market Forecast, By Techniques
11.15.1. Data and Modeling Techniques
11.15.2. Downhole Technique
11.15.3. Drilling Technique
11.15.4. Field technique
11.15.5. Geochemical techniques
11.15.6. Geophysical technique
11.15.7. Lab analysis technique
11.15.8. Remote sensing technique
11.16. Rest of Asia Pacific Geothermal Exploration Market Forecast, By Techniques
11.16.1. Data and Modeling Techniques
11.16.2. Downhole Technique
11.16.3. Drilling Technique
11.16.4. Field technique
11.16.5. Geochemical techniques
11.16.6. Geophysical technique
11.16.7. Lab analysis technique
11.16.8. Remote sensing technique
11.17. Asia Pacific Geothermal Exploration Market Attractiveness Analysis
11.17.1. By Techniques
11.18. PEST Analysis
11.19. Key Trends
11.20. Key Developments

12. Middle East & Africa Geothermal Exploration Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Geothermal Exploration Market Overview
12.3. Middle East & Africa Geothermal Exploration Market Value Share Analysis, By Techniques
12.4. Middle East & Africa Geothermal Exploration Market Forecast, By Techniques
12.4.1. Data and Modeling Techniques
12.4.2. Downhole Technique
12.4.3. Drilling Technique
12.4.4. Field technique
12.4.5. Geochemical techniques
12.4.6. Geophysical technique
12.4.7. Lab analysis technique
12.4.8. Remote sensing technique
12.5. Middle East & Africa Geothermal Exploration Market Value Share Analysis, by Country
12.6. Middle East & Africa Geothermal Exploration Market Forecast, by Country
12.6.1. GCC
12.6.2. South Africa
12.6.3. Rest of Middle East & Africa
12.7. Middle East & Africa Geothermal Exploration Market Analysis, by Country
12.8. GCC Geothermal Exploration Market Forecast, By Techniques
12.8.1. Data and Modeling Techniques
12.8.2. Downhole Technique
12.8.3. Drilling Technique
12.8.4. Field technique
12.8.5. Geochemical techniques
12.8.6. Geophysical technique
12.8.7. Lab analysis technique
12.8.8. Remote sensing technique
12.9. South Africa Geothermal Exploration Market Forecast, By Techniques
12.9.1. Data and Modeling Techniques
12.9.2. Downhole Technique
12.9.3. Drilling Technique
12.9.4. Field technique
12.9.5. Geochemical techniques
12.9.6. Geophysical technique
12.9.7. Lab analysis technique
12.9.8. Remote sensing technique
12.10. Rest of Middle East & Africa Geothermal Exploration Market Forecast, By Techniques
12.10.1. Data and Modeling Techniques
12.10.2. Downhole Technique
12.10.3. Drilling Technique
12.10.4. Field technique
12.10.5. Geochemical techniques
12.10.6. Geophysical technique
12.10.7. Lab analysis technique
12.10.8. Remote sensing technique
12.11. Middle East & Africa Geothermal Exploration Market Attractiveness Analysis
12.11.1. By Techniques
12.12. PEST Analysis
12.13. Key Trends
12.14. Key Developments

13. South America Geothermal Exploration Market Analysis
13.1. Key Findings
13.2. South America Geothermal Exploration Market Overview
13.3. South America Geothermal Exploration Market Value Share Analysis, By Techniques
13.4. South America Geothermal Exploration Market Forecast, By Techniques
13.4.1. Data and Modeling Techniques
13.4.2. Downhole Technique
13.4.3. Drilling Technique
13.4.4. Field technique
13.4.5. Geochemical techniques
13.4.6. Geophysical technique
13.4.7. Lab analysis technique
13.4.8. Remote sensing technique
13.5. South America Geothermal Exploration Market Value Share Analysis, by Country
13.6. South America Geothermal Exploration Market Forecast, by Country
13.6.1. Brazil
13.6.2. Mexico
13.6.3. Rest of South America
13.7. South America Geothermal Exploration Market Analysis, by Country
13.8. Brazil Geothermal Exploration Market Forecast, By Techniques
13.8.1. Data and Modeling Techniques
13.8.2. Downhole Technique
13.8.3. Drilling Technique
13.8.4. Field technique
13.8.5. Geochemical techniques
13.8.6. Geophysical technique
13.8.7. Lab analysis technique
13.8.8. Remote sensing technique
13.9. Mexico Geothermal Exploration Market Forecast, By Techniques
13.9.1. Data and Modeling Techniques
13.9.2. Downhole Technique
13.9.3. Drilling Technique
13.9.4. Field technique
13.9.5. Geochemical techniques
13.9.6. Geophysical technique
13.9.7. Lab analysis technique
13.9.8. Remote sensing technique
13.10. Rest of South America Geothermal Exploration Market Forecast, By Techniques
13.10.1. Data and Modeling Techniques
13.10.2. Downhole Technique
13.10.3. Drilling Technique
13.10.4. Field technique
13.10.5. Geochemical techniques
13.10.6. Geophysical technique
13.10.7. Lab analysis technique
13.10.8. Remote sensing technique
13.11. South America Geothermal Exploration Market Attractiveness Analysis
13.11.1. By Techniques
13.12. PEST Analysis
13.13. Key Trends
13.14. Key Developments

14. Company Profiles
14.1. Market Share Analysis, by Company
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Market Consolidation
14.2.3.1. M&A by Regions, Investment and Applications
14.2.3.2. M&A Key Players, Forward Integration and Backward Integration
14.3. Company Profiles: Key Players
14.3.1. Manvitt Engineering
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Business Strategy
14.3.1.5. Recent Developments
14.3.1.6. Development Footprint
14.3.2. Schlumberger Ltd.
14.3.3. Baker Hughes Inc.
14.3.4. Geothermal Exploration Ltd.
14.3.5. Cluff Geothermal Ltd.
14.3.6. Kalahari GeoEnergy Ltd.
14.3.7. Panax Geothermal Company
14.3.8. Weatherford International Ltd.
14.3.9. NREL Transforming Energy
14.3.10. Gradient Resources

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