© 2016 Global Market Insights. All Rights Reserved Geothermal Energy Market Size and Forecast Geothermal Energy Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Russia, UK, Germany, France, Italy, China, India, Japan, Indonesia, Uganda, Kenya, Brazil), Application Development, Competitive Market Share and Forecast, 2017 – 2024

© 2016 Global Market Insights. All Rights Reserved Global geothermal energy market size is predicted to witness growth owing to increasing electricity demand coupled with growing population. In Europe, total electricity production was reached 3,791 TWh in 2015 from 3719 TWh in Increasing exploration in the industry will further complement the industry growth. In May 2014, International Development Association (IDA) invested $200 million for the development of alternate energy resources in Ethiopia. Favorable government measures to promote renewable energy utilization will positively influence the geothermal energy market size. Low import duty, feed in tariff, tax benefits, net metering, financial assistance are some of the schemes introduced by government to encourage the renewable energy adoption. In 2015, China spent USD 315 billion towards implementation of energy efficient policies, electricity networks and low-carbon generation. Global Market Scenario of Geothermal Energy

© 2016 Global Market Insights. All Rights Reserved Product Analysis:- Based on application, Geothermal Energy Market can be segmented into direct use, including heat pumps and electricity generation. Electricity generation application is anticipated to witness growth on account of growing electricity demand along with increasing infrastructure demand. Heat pump find wide application in central heating and cooling system, which may propel industry outlook. Regional Trends:- U.S. geothermal energy market share is expected to witness significant growth owing to introduction of various government incentives to encourage electricity production by utilizing geothermal energy. The U.S. government introduced production tax credit (PTC) to promote such electricity production. For Europe, geothermal energy market size will experience considerable growth due to abundant availability of required resources coupled with growing exploration. In Europe, Italy, France, Germany and Netherlands have huge unexplored potential.

© 2016 Global Market Insights. All Rights Reserved Competitive Trends: Key players in geothermal energy market are Ormat, Mitsubishi, Fuji Electric, Toshiba, Ansaldo Energia, General Electric, Berkshire Hathaway Energy, Calpine, Enel, CYRQ Energy Alstom and TAS. Other equipment providers include Turboden, Siemens SA, Exergy, Pratt and Whitney. Industry is characterized by small number of players and prominence of flash and dry steam technology.

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