Global Geothermal Power Equipment Market: Industry Analysis and forecast 2026: By Plant, Product and Region

Global Geothermal Power Equipment Market is expected to grow at a CAGR of 7.23% during the forecast period. Global Geothermal Power Equipment Market is expected to reach US$ 36.11 Bn. by 2026. To know about the Research Methodology:-Request Free Sample Report

Global Geothermal Power Equipment Market Drivers and Restrains:

Global geothermal power equipment market is expected to witness fastest growth due to increasing importance for sustainable energy sources. The growing of the industrial sector, significant rise in world population, and increase in infrastructure development activities are increasing the demand for electricity. Countries around the world are enlarging their electricity generation capacity by installing new plants or increasing the capacity of their present plants to supply to the rising demand for electricity. Major economies are tending toward the development of renewable energy generation sources, due to the presence of strict government rules about greenhouse gas (GHG) emissions. The globally dependence on coal and other fossil fuels is reducing owing to rise in investments in renewable energy sources like solar, wind, biomass, and geothermal. Therefore, rise in the demand for power around the world has increased the installation of geothermal power plants, thereby propelling the geothermal power equipment market globally. Study of the International Geothermal Association (IGA), the development of around XX MW of geothermal power generation capacity is either ongoing or planned. This capacity is projected to more than double the present installed capacity over the upcoming period. However, the high initial investment required for the establishment of a geothermal power plant is hampering the market growth at the global level. The global total installed cost for geothermal power plants are typically ranges from US$ 1870/kW to 5050/kW. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Global Geothermal Power Equipment Market Segmentation Analysis:

Based on the plant, the global geothermal power equipment market is segmented into Dry Steam Plants, Flash Steam Plants, and Binary Cycle Power Plants. The sales of geothermal power equipment for flash steam power plants are anticipated to record a value of US$ XX billion in 2019, and are likely to register at a CAGR of XX% during the forecast period. The cost of a flash geothermal power generation plants varies between US$ 1,900/kW and US$ 3,800/kW. Currently, Flash steam plants are the most common type of geothermal power generation plants in operation.

Global Geothermal Power Equipment Market Regional Analysis:

Asia Pacific held the XX% market share of the geothermal power equipment market in 2018 and it is anticipated to grow at the largest CAGR of XX% during the forecast period, due to the growth of the manufacturing sector in developing economies in the region, and rapid industrialization and urbanization. Also, the growing significance of renewable electricity driven the geothermal power equipment market. In Indonesia, the Sarulla geothermal power plant has started operations in May 2018, with an installed capacity of 330MV, it marked another milestone in Indonesia’s efforts to move towards a more renewable energy future. This project will power over 2.1 million Indonesian households, which is the world’s largest single-contract geothermal power plant in the country. North America held the second-largest market share of XX% of the geothermal power equipment in 2018. The U.S. states of California, Nevada, Utah, Alaska, and Hawaii had the maximum installed capacity for geothermal power generation in 2018. Presently, an overall of 43 geothermal power plants are working in California with an installed capacity of 2,730 MW. California has installed more renewable energy plants as compared to any other U.S. state, with utility-scale systems of 22,250 MW being operational in the state. In the U.S., According to the University of Michigan, electricity generated from geothermal power plants is likely to increase from 15.98 Bn kWh in 2017 to 29.55 Bn kWh by 2026. A report covers the recent development in the market for the geothermal power equipment market, e.g., Fuji Electric Co. Ltd. was presented a geothermal power station contract in Kenya. The scope of the contract was to install a complete geothermal power equipment facility for the Olkaria I Geothermal Power Station in Kenya.

Global Geothermal Power Equipment Market Competitive landscape

Major Key players operating in this market are MITSUBISHI HEAVY INDUSTRIES, LTD, General Electric, Toshiba Corporation, Fuji Electric Co., Ltd., and Ormat Technologies Inc. Manufacturers in the global geothermal power equipment are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers. The objective of the report is to present a comprehensive analysis of Global Geothermal Power Equipment 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 aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are 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 Geothermal Power Equipment Market dynamics, structure by analyzing the market segments and project the Global Geothermal Power Equipment Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Global Geothermal Power Equipment Market make the report investor’s guide.

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Global Geothermal Power Equipment Market, by Plant:

• Dry Steam Plants • Flash Steam Plants • Binary Cycle Power Plants

Global Geothermal Power Equipment Market, by Product:

• Transformers • Turbines • Separators • Generators • Condensers • Others

Global Geothermal Power Equipment Market, by Region:

• Asia Pacific • North America • Europe • Latin America • Middle East Africa

Global Geothermal Power Equipment Market, Major Players:

• MITSUBISHI HEAVY INDUSTRIES, LTD • General Electric • Toshiba Corporation • Fuji Electric Co., Ltd. • Ormat Technologies Inc. • Boreal Geothermal • Loki Geothermal • Turboden S.p.A • Chevron Corporation • TAS Energy Inc. • Ergil • Ansaldo Energia S.p.A. • Alstom • TAS Energy Inc. • Holtec International • Edge Energy Ltd • Gulf Coast Green Energy • Energy Venture Partners

Global Geothermal Power Equipment 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: Global Geothermal Power Equipment Market Size, by Market Value (US$ Bn) 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 4.8. Patent Registration 5. Supply Side and Demand Side Indicators 6. Global Geothermal Power Equipment Market Analysis and Forecast 6.1. Global Geothermal Power Equipment 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. Global Geothermal Power Equipment Market Analysis and Forecast, by Plants 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Geothermal Power Equipment Market Value Share Analysis, by Plants 7.4. Global Geothermal Power Equipment Market Size (US$ Bn) Forecast, by Plants 7.5. Global Geothermal Power Equipment Market Analysis, by Plants 7.6. Global Geothermal Power Equipment Market Attractiveness Analysis, by Plants 8. Global Geothermal Power Equipment Market Analysis and Forecast, by Product 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Geothermal Power Equipment Market Value Share Analysis, by Product 8.4. Global Geothermal Power Equipment Market Size (US$ Bn) Forecast, by Product 8.5. Global Geothermal Power Equipment Market Analysis, by Product 8.6. Global Geothermal Power Equipment Market Attractiveness Analysis, by Product 9. Global Geothermal Power Equipment Market Analysis, by Region 9.1. Global Geothermal Power Equipment Market Value Share Analysis, by Region 9.2. Global Geothermal Power Equipment Market Size (US$ Bn) Forecast, by Region 9.3. Global Geothermal Power Equipment Market Attractiveness Analysis, by Region 10. North America Geothermal Power Equipment Market Analysis 10.1. Key Findings 10.2. North America Geothermal Power Equipment Market Overview 10.3. North America Geothermal Power Equipment Market Value Share Analysis, by Plants 10.4. North America Geothermal Power Equipment Market Forecast, by Plants 10.4.1. Dry Steam Plants 10.4.2. Flash Steam Plants 10.4.3. Binary Cycle Power Plants 10.5. North America Geothermal Power Equipment Market Value Share Analysis, by Product 10.6. North America Geothermal Power Equipment Market Forecast, by Product 10.6.1. Transformers 10.6.2. Turbines 10.6.3. Separators 10.6.4. Generators 10.6.5. Condensers 10.6.6. Others 10.7. North America Geothermal Power Equipment Market Value Share Analysis, by Country 10.8. North America Geothermal Power Equipment Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Geothermal Power Equipment Market Analysis, by Country 10.10. U.S. Geothermal Power Equipment Market Forecast, by Plants 10.10.1. Dry Steam Plants 10.10.2. Flash Steam Plants 10.10.3. Binary Cycle Power Plants 10.11. U.S. Geothermal Power Equipment Market Forecast, by Product 10.11.1. Transformers 10.11.2. Turbines 10.11.3. Separators 10.11.4. Generators 10.11.5. Condensers 10.11.6. Others 10.12. Canada Geothermal Power Equipment Market Forecast, by Plants 10.12.1. Dry Steam Plants 10.12.2. Flash Steam Plants 10.12.3. Binary Cycle Power Plants 10.13. Canada Geothermal Power Equipment Market Forecast, by Product 10.13.1. Transformers 10.13.2. Turbines 10.13.3. Separators 10.13.4. Generators 10.13.5. Condensers 10.13.6. Others 10.14. North America Geothermal Power Equipment Market Attractiveness Analysis 10.14.1. By Plants 10.14.2. By Product 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Geothermal Power Equipment Market Analysis 11.1. Key Findings 11.2. Europe Geothermal Power Equipment Market Overview 11.3. Europe Geothermal Power Equipment Market Value Share Analysis, by Plants 11.4. Europe Geothermal Power Equipment Market Forecast, by Plants 11.4.1. Dry Steam Plants 11.4.2. Flash Steam Plants 11.4.3. Binary Cycle Power Plants 11.5. Europe Geothermal Power Equipment Market Value Share Analysis, by Product 11.6. Europe Geothermal Power Equipment Market Forecast, by Product 11.6.1. Transformers 11.6.2. Turbines 11.6.3. Separators 11.6.4. Generators 11.6.5. Condensers 11.6.6. Others 11.7. Europe Geothermal Power Equipment Market Value Share Analysis, by Country 11.8. Europe Geothermal Power Equipment Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Geothermal Power Equipment Market Analysis, by Country 11.10. Germany Geothermal Power Equipment Market Forecast, by Plants 11.10.1. Dry Steam Plants 11.10.2. Flash Steam Plants 11.10.3. Binary Cycle Power Plants 11.11. Germany Geothermal Power Equipment Market Forecast, by Product 11.11.1. Transformers 11.11.2. Turbines 11.11.3. Separators 11.11.4. Generators 11.11.5. Condensers 11.11.6. Others 11.12. U.K. Geothermal Power Equipment Market Forecast, by Plants 11.12.1. Dry Steam Plants 11.12.2. Flash Steam Plants 11.12.3. Binary Cycle Power Plants 11.13. U.K. Geothermal Power Equipment Market Forecast, by Product 11.13.1. Transformers 11.13.2. Turbines 11.13.3. Separators 11.13.4. Generators 11.13.5. Condensers 11.13.6. Others 11.14. France Geothermal Power Equipment Market Forecast, by Plants 11.14.1. Dry Steam Plants 11.14.2. Flash Steam Plants 11.14.3. Binary Cycle Power Plants 11.15. France Geothermal Power Equipment Market Forecast, by Product 11.15.1. Transformers 11.15.2. Turbines 11.15.3. Separators 11.15.4. Generators 11.15.5. Condensers 11.15.6. Others 11.16. Italy Geothermal Power Equipment Market Forecast, by Plants 11.16.1. Dry Steam Plants 11.16.2. Flash Steam Plants 11.16.3. Binary Cycle Power Plants 11.17. Italy Geothermal Power Equipment Market Forecast, by Product 11.17.1. Transformers 11.17.2. Turbines 11.17.3. Separators 11.17.4. Generators 11.17.5. Condensers 11.17.6. Others 11.18. Spain Geothermal Power Equipment Market Forecast, by Plants 11.18.1. Dry Steam Plants 11.18.2. Flash Steam Plants 11.18.3. Binary Cycle Power Plants 11.19. Spain Geothermal Power Equipment Market Forecast, by Product 11.19.1. Transformers 11.19.2. Turbines 11.19.3. Separators 11.19.4. Generators 11.19.5. Condensers 11.19.6. Others 11.20. Rest of Europe Geothermal Power Equipment Market Forecast, by Plants 11.20.1. Dry Steam Plants 11.20.2. Flash Steam Plants 11.20.3. Binary Cycle Power Plants 11.21. Rest of Europe Geothermal Power Equipment Market Forecast, by Product 11.21.1. Transformers 11.21.2. Turbines 11.21.3. Separators 11.21.4. Generators 11.21.5. Condensers 11.21.6. Others 11.22. Europe Geothermal Power Equipment Market Attractiveness Analysis 11.22.1. By Plants 11.22.2. By Product 11.23. PEST Analysis 11.24. Key Trend 11.25. Key Development 12. Asia Pacific Geothermal Power Equipment Market Analysis 12.1. Key Findings 12.2. Asia Pacific Geothermal Power Equipment Market Overview 12.3. Asia Pacific Geothermal Power Equipment Market Value Share Analysis, by Plants 12.4. Asia Pacific Geothermal Power Equipment Market Forecast, by Plants 12.4.1. Dry Steam Plants 12.4.2. Flash Steam Plants 12.4.3. Binary Cycle Power Plants 12.5. Asia Pacific Geothermal Power Equipment Market Value Share Analysis, by Product 12.6. Asia Pacific Geothermal Power Equipment Market Forecast, by Product 12.6.1. Transformers 12.6.2. Turbines 12.6.3. Separators 12.6.4. Generators 12.6.5. Condensers 12.6.6. Others 12.7. Asia Pacific Geothermal Power Equipment Market Value Share Analysis, by Country 12.8. Asia Pacific Geothermal Power Equipment Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Geothermal Power Equipment Market Analysis, by Country 12.10. China Geothermal Power Equipment Market Forecast, by Plants 12.10.1. Dry Steam Plants 12.10.2. Flash Steam Plants 12.10.3. Binary Cycle Power Plants 12.11. China Geothermal Power Equipment Market Forecast, by Product 12.11.1. Transformers 12.11.2. Turbines 12.11.3. Separators 12.11.4. Generators 12.11.5. Condensers 12.11.6. Others 12.12. India Geothermal Power Equipment Market Forecast, by Plants 12.12.1. Dry Steam Plants 12.12.2. Flash Steam Plants 12.12.3. Binary Cycle Power Plants 12.13. India Geothermal Power Equipment Market Forecast, by Product 12.13.1. Transformers 12.13.2. Turbines 12.13.3. Separators 12.13.4. Generators 12.13.5. Condensers 12.13.6. Others 12.14. Japan Geothermal Power Equipment Market Forecast, by Plants 12.14.1. Dry Steam Plants 12.14.2. Flash Steam Plants 12.14.3. Binary Cycle Power Plants 12.15. Japan Geothermal Power Equipment Market Forecast, by Product 12.15.1. Transformers 12.15.2. Turbines 12.15.3. Separators 12.15.4. Generators 12.15.5. Condensers 12.15.6. Others 12.16. ASEAN Geothermal Power Equipment Market Forecast, by Plants 12.16.1. Dry Steam Plants 12.16.2. Flash Steam Plants 12.16.3. Binary Cycle Power Plants 12.17. ASEAN Geothermal Power Equipment Market Forecast, by Product 12.17.1. Transformers 12.17.2. Turbines 12.17.3. Separators 12.17.4. Generators 12.17.5. Condensers 12.17.6. Others 12.18. Rest of Asia Pacific Geothermal Power Equipment Market Forecast, by Plants 12.18.1. Dry Steam Plants 12.18.2. Flash Steam Plants 12.18.3. Binary Cycle Power Plants 12.19. Rest of Asia Pacific Geothermal Power Equipment Market Forecast, by Product 12.19.1. Transformers 12.19.2. Turbines 12.19.3. Separators 12.19.4. Generators 12.19.5. Condensers 12.19.6. Others 12.20. Asia Pacific Geothermal Power Equipment Market Attractiveness Analysis 12.20.1. By Plants 12.20.2. By Product 12.21. PEST Analysis 12.22. Key Trend 12.23. Key Development 13. Middle East & Africa Geothermal Power Equipment Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Geothermal Power Equipment Market Overview 13.3. Middle East & Africa Geothermal Power Equipment Market Value Share Analysis, by Plants 13.4. Middle East & Africa Geothermal Power Equipment Market Forecast, by Plants 13.4.1. Dry Steam Plants 13.4.2. Flash Steam Plants 13.4.3. Binary Cycle Power Plants 13.5. Middle East & Africa Geothermal Power Equipment Market Value Share Analysis, by Product 13.6. Middle East & Africa Geothermal Power Equipment Market Forecast, by Product 13.6.1. Transformers 13.6.2. Turbines 13.6.3. Separators 13.6.4. Generators 13.6.5. Condensers 13.6.6. Others 13.7. Middle East & Africa Geothermal Power Equipment Market Value Share Analysis, by Country 13.8. Middle East & Africa Geothermal Power Equipment Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Geothermal Power Equipment Market Analysis, by Country 13.10. GCC Geothermal Power Equipment Market Forecast, by Plants 13.10.1. Dry Steam Plants 13.10.2. Flash Steam Plants 13.10.3. Binary Cycle Power Plants 13.11. GCC Geothermal Power Equipment Market Forecast, by Product 13.11.1. Transformers 13.11.2. Turbines 13.11.3. Separators 13.11.4. Generators 13.11.5. Condensers 13.11.6. Others 13.12. South Africa Geothermal Power Equipment Market Forecast, by Plants 13.12.1. Dry Steam Plants 13.12.2. Flash Steam Plants 13.12.3. Binary Cycle Power Plants 13.13. South Africa Geothermal Power Equipment Market Forecast, by Product 13.13.1. Transformers 13.13.2. Turbines 13.13.3. Separators 13.13.4. Generators 13.13.5. Condensers 13.13.6. Others 13.14. Rest of Middle East & Africa Geothermal Power Equipment Market Forecast, by Plants 13.14.1. Dry Steam Plants 13.14.2. Flash Steam Plants 13.14.3. Binary Cycle Power Plants 13.15. Rest of Middle East & Africa Geothermal Power Equipment Market Forecast, by Product 13.15.1. Transformers 13.15.2. Turbines 13.15.3. Separators 13.15.4. Generators 13.15.5. Condensers 13.15.6. Others 13.16. Middle East & Africa Geothermal Power Equipment Market Attractiveness Analysis 13.16.1. By Plants 13.16.2. By Product 13.17. PEST Analysis 13.18. Key Trend 13.19. Key Development 14. South America Geothermal Power Equipment Market Analysis 14.1. Key Findings 14.2. South America Geothermal Power Equipment Market Overview 14.3. South America Geothermal Power Equipment Market Value Share Analysis, by Plants 14.4. South America Geothermal Power Equipment Market Forecast, by Plants 14.4.1. Dry Steam Plants 14.4.2. Flash Steam Plants 14.4.3. Binary Cycle Power Plants 14.5. Others South America Geothermal Power Equipment Market Value Share Analysis, by Product 14.6. South America Geothermal Power Equipment Market Forecast, by Product 14.6.1. Transformers 14.6.2. Turbines 14.6.3. Separators 14.6.4. Generators 14.6.5. Condensers 14.6.6. Others 14.7. South America Geothermal Power Equipment Market Value Share Analysis, by Country 14.8. South America Geothermal Power Equipment Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. Brazil Geothermal Power Equipment Market Forecast, by Plants 14.9.1. Dry Steam Plants 14.9.2. Flash Steam Plants 14.9.3. Binary Cycle Power Plants 14.10. Brazil Geothermal Power Equipment Market Forecast, by Product 14.10.1. Transformers 14.10.2. Turbines 14.10.3. Separators 14.10.4. Generators 14.10.5. Condensers 14.10.6. Others 14.11. Mexico Geothermal Power Equipment Market Forecast, by Plants 14.11.1. Dry Steam Plants 14.11.2. Flash Steam Plants 14.11.3. Binary Cycle Power Plants 14.12. Mexico Geothermal Power Equipment Market Forecast, by Product 14.12.1. Transformers 14.12.2. Turbines 14.12.3. Separators 14.12.4. Generators 14.12.5. Condensers 14.12.6. Others 14.13. Rest of South America Geothermal Power Equipment Market Forecast, by Plants 14.13.1. Dry Steam Plants 14.13.2. Flash Steam Plants 14.13.3. Binary Cycle Power Plants 14.14. Rest of South America Geothermal Power Equipment Market Forecast, by Product 14.14.1. Transformers 14.14.2. Turbines 14.14.3. Separators 14.14.4. Generators 14.14.5. Condensers 14.14.6. Others 14.15. South America Geothermal Power Equipment Market Attractiveness Analysis 14.15.1. By Plants 14.15.2. By Product 14.16. PEST Analysis 14.17. Key Trend 14.18. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. MITSUBISHI HEAVY INDUSTRIES, LTD 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Company Footprint 15.3.2. General Electric 15.3.3. Toshiba Corporation 15.3.4. Fuji Electric Co., Ltd. 15.3.5. Ormat Technologies Inc. 15.3.6. Boreal Geothermal 15.3.7. Loki Geothermal 15.3.8. Turboden S.p.A 15.3.9. Chevron Corporation 15.3.10. TAS Energy Inc. 15.3.11. Ergil 15.3.12. Ansaldo Energia S.p.A. 15.3.13. Alstom 15.3.14. TAS Energy Inc. 15.3.15. Holtec International 15.3.16. Edge Energy Ltd 15.3.17. Gulf Coast Green Energy 15.3.18. Energy Venture Partners 16. Primary Key Insights

About This Report

Report ID 42340
Category Electronics
Published Date Dec 2019
Updated Date Aug 2020
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