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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Geothermal Energy Market Share, Regional Outlook & Forecast

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Geothermal Energy Market Share, Regional Outlook & Forecast"— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Geothermal Energy Market Share, Regional Outlook & Forecast 2017 - 2024 Geothermal Energy Market Size, By Technology (Binary, Single Flash, Double Flash, Triple Flash, Dry, Back Pressure)), Industry Analysis Report, Regional Outlook (U.S., Mexico, Turkey, Iceland, Italy, Germany, China, Philippines, Indonesia, New Zealand, Japan, Costa Rica, El Salvador, Nicaragua, Guatemala, Kenya, Ethiopia), Price Trends, Competitive Market Share & Forecast, 2017 – 2024

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Geothermal Energy Market size is set to exceed USD 57 billion by 2024, according to a new research report by Global Market Insights, Inc.  Increasing energy demand from heating & cooling systems including ground source heat pump and district heating will positively drive the geothermal energy market.  Favorable legislations to reduce GHG emissions will further stimulate demand.  The EU has introduced several action plans and framework including Paris Climate agreement and 2030 climate and energy framework with an aim to reduce the emissions to 47% from 1990 level.  Directive also focusses to increase sustainable energy share to at least 27% of total consumption by 2030. Global Market Scenario of Geothermal Energy

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com For Customization as per your requirement please click@ http://bit.ly/2uBhPfE http://bit.ly/2uBhPfE Europe Geothermal Energy Market, By Technology, 2016 (MW)

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Increasing demand to recover heat from low to medium temperature reservoirs will propel binary geothermal energy market share. Improved thermal efficiency and strong environmental benefits makes it a preferable option when compared with available counterparts. In 2016, Costa Rica announced to expand its Las Pailas installed capacity by 165 MW, which is expected to be operational by 2018.  Flash geothermal energy market will witness strong growth owing to its ability to generate electricity by utilizing water dominated reservoirs with temperature greater than 1800C. Products Insights

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Japan geothermal energy market share is predicted to expand over 8% by 2024.Introduction of several incentives including feed in tariff to encourage renewable energy adoption will favor the business growth. In 2016, Japan Ministry of Economic Trade and Industry has introduced USD 0.26 FIT for less than 150MW and USD 0.36 FIT for greater than 150MW geothermal power plants.  Key participant in geothermal energy market includes Mitsubishi heavy industry, Ansaldo Energia, TAS Energy, Chevron, Enel Green Power, Ormat, Calpin, Terra Gen, Fuji Electric, General Electric, Exergy, Reykjavik, Terra Gen, Turboden, Toshiba, and U.S. Geothermal. Regional and Competitive Insights

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report @ http://bit.ly/2pX8mfT Request for Sample of this Research Report @ http://bit.ly/2uyrggr For Customization as per your requirement please click@ http://bit.ly/2uBhPfE

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