Global Geothermal Power Market Size, Share, Development and Demand Forecast to 2022 By P&S Market Research Reports
The
global geothermal power market was estimated at $3,233.5 million
in 2015, and it is expected to grow at a CAGR of 11.6% during 2016 - 2022. The
factors driving the growth of the global market include increased government
support for geothermal power projects and stringent environment regulations,
high capacity factor, and increasing need for energy independence and
geopolitical energy security.
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The
geothermal energy is available 24 hours a day and throughout the year.
Geothermal energy is more consistently available than many other forms of
electricity, such as wind and solar. Wind and solar energy sources are
dependent on a number of factors, such as weather variations, and daily and
seasonal fluctuations. Geothermal power plants are characterized by very low
outage rates; therefore have high capacity factor. Geothermal power plants are
available for electricity generation more than 90% of time for any given time
period.
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The
increased government support for geothermal power projects and stringent
environment regulations are the key drivers propelling the growth of the global
geothermal power generation market. The rapid depletion of fossil fuels and
global warming caused by their usage has shifted the global interest from
conventional energy to green energy. The different governments across the globe
have initiated several projects and schemes, to promote and encourage the
generation of geothermal energy.
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Chapter 1. Research Scope & Methodology
Market Definition
Research Scope
Market breakdown by technology type
Market breakdown by region
Research Methodology and Sources
Chapter 2. Executive Summary
Key Findings
Research Summary
Chapter 3. Market Outlook
Introduction
Value chain analysis
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