The
global geothermal power generation market at US$2.5 bn in 2013. The
report has made impressive growth forecasts for the market during the
period between 2013 and 2019. Based on an in-depth survey, the report
anticipates the market to rise at a CAGR of 23.58% during the
forecast period, to reach US$8.9 bn by the end of 2019.The report,
titled “Geothermal Power Generation Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019” is
available on TMR’s official website for sale. Apart from providing
a comprehensive overview of the prevailing market dynamics, the
report has been compiled with the intent of updating stakeholders
about the market’s growth trajectory over the forecast period.
In-depth
research report on Geothermal
Power Generation Market
with Full TOC at :
http://www.transparencymarketresearch.com/geothermal-energy-market.html
Over
the past few years, several factors have encouraged the growth and
development of geothermal power generation around the world. The most
prominent of these factors being, favorable prices, tariff benefits,
soft loans for development, and renewable energy, the impact of which
is analyzed by the report in detail. While stringent government
regulations pertaining to the globally-accepted environment
protection laws may pose challenges in front of the stakeholders, the
market as a unit is likely to benefit from the proliferation of the
latest technologies. However, regulations imposed to curb groundwater
pollution and land ownership laws are other bottlenecks, which the
market will have to address to achieve a hindrance-free growth.
To
present a holistic overview, the report segments the global
geothermal power generation market on the basis of power type and the
technology utilized by plants for harnessing geothermal power. The
technologies that are most prevalent in the market include binary
cycle, dry steam, and flash steam. The increasing uptake of these
technologies across the energy sector is significantly fuelling
demand from the global geothermal power generation market. Of these,
flash plants held a major share of the market, according to the
report. However, the technology is likely to lose its market share in
response to the rising demand for binary cycle power plants in the
industry.
The
TMR report segments the global geothermal power generation market
into Europe, Asia Pacific, North America, and Rest of the World
(RoW). It states that the segment of binary cycle power plants
fetches maximum demand from North America. Incessant exploitation of
geothermal energy over a long period of time has led the U.S. market
into maturity. This has impelled the growing implementation of the
binary cycle technology in the country, thereby giving a boost to the
market for the technology in North America. Furthermore, the European
market has also reached saturation considering countries such as
Italy, and Iceland are obtaining significant portions of electricity
consumed from geothermal sources. Hence, Asia Pacific at present
dominates the global market for geothermal power generation. The
region is also anticipated to exhibit a positive growth in terms of
geothermal power generation, due to the presence of a substantial
amount of unexplored and underdeveloped geothermal resources. A
similar pattern of growth is also observed in countries encompassed
within Rest of the World, states the report.
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Key
Segments of the Geothermal Power Generation Market
Geothermal
Power Generation market: Technology Analysis
- Dry steam
- Flash steam
- Binary cycle
Geothermal
Power Generation market: Geography Analysis
North
America
- The U.S.
- Mexico
Europe
- Italy
- Iceland
- Germany
- France (Guadeloupe)
- Portugal
- Russia (Kamchatka)
- Turkey
- Austria
Asia
Pacific
- Japan
- Papua New Guinea
- The Philippines
- New Zealand
- Indonesia
- Australia
- China
- Thailand
RoW
(Rest of the World)
- Kenya
- Nicaragua
- Costa Rica
- Guatemala
- Ethiopia
- El Salvador
Browse
Article Of Geothermal Power Generation Market
http://www.transparencymarketresearch.com/article/geothermal-energy-market.htm
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