Geothermal Installed Capacity Forecast to Rise Sharply

geothermal cooling towers near Tuscany, Italy
Geothermal installed capacity is forecast to rise sharply in the next five years.
(cc) Simon

According to the new market research report ‘Global Geothermal Power and Heat Pump Market Outlook: (2010-2015)’, published by MarketsandMarkets, global geothermal installed capacity, including power generation and direct use, is expected to grow from 61,200 MW in 2010 to 120,300 MW in 2015 at an estimated CAGR of 14% for the same period.

Geothermal energy is a renewable source of energy derived from the earth’s crust. The energy is available underneath in the form of heat. The major applications of geothermal energy like electricity generation and direct use (geothermal heat pump installations) have been covered in great detail in the report. These two applications form the geothermal energy industry and are the focus areas of interest in the report.

The sub-types of applications of geothermal energy based on their conversion technologies and equipments have been analyzed in detail. This report covers installed capacities, market share of industry players with their profiles, and market forecast of the aforesaid applications of geothermal energy. MarketsandMarkets has done an in-depth competitive landscape and geographic analysis for each of the markets and their sub-segments, covering the major markets, viz. Americas, Europe, Asia Pacific, and the rest of the world.

MarketsandMarkets is a global market research and consulting company based in the U.S. It publishes strategically analyzed market research reports and serves as a business intelligence partner to Fortune 500 companies around the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

Read Geothermal Power Plants: Principles, Applications, Case Studies and Environmental Impact from Amazon.