Geothermal
Power Generation Market for Dry Steam, Flash Steam, Binary Cycle
Technology - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2013 - 2019." According to the report, the
geothermal power generation market was valued at USD 2.5 billion in
2013 and is expected to reach USD 8.9 billion in 2019, expanding at a
CAGR of 23.58% from 2013 to 2019.
Browse
the full Geothermal Power Generation Market report at
http://www.transparencymarketresearch.com/geothermal-energy-market.html
Geothermal
power is the only form of renewable electricity capable of achieving
high capacity utilization and supply base load. This provides
geothermal power with a unique market positioning, thereby allowing
it to compete with conventional and non-conventional sources of power
generation. Regulatory initiatives by governments around the world
may prove to be both drivers and restraints for the market. Policy
frameworks such as feed in tariffs, renewable energy certificates,
renewable purchase obligations by utilities and soft loans for
geothermal resources development are major drivers for the industry.
However, strict environmental protection laws, land ownership laws
and ground water pollution control regulations may hamper development
in the sector. Nevertheless, many countries around the world are
relaxing and amending stringent environmental norms in order to
harness geothermal resources.
The
market has been analyzed in terms of the type of power plant
technology used to generate geothermal power. The three dominant
technologies are dry steam, flash steam and binary cycle. The
geothermal power generation market is witnessing significant changes
in terms of technology adoption. This trend is projected to continue
in the near future. Significant changes are likely to be observed in
the market in terms of market share of each technology type during
the forecast period. Older technologies such as dry steam that
require high temperature resources are anticipated to lose market
share, while newer and more efficient technologies such as binary
cycle would exhibit high rates of market penetration. Flash plants
account for majority market share in terms of global installed
capacity; however, flash plants are estimated to lose market share
due to the impact of binary cycle power plants. In terms of installed
capacity (volume), the geothermal power generation market is expected
to expand at a CAGR of 8.28% from 2013 to 2019. Geothermal power
generation requires high upfront capital cost; however, attractive
payback periods and zero fuel costs are investment drivers in the
industry. Investment requirements to set up a geothermal power plant
are not limited to construction expenses. These involve four
different cost components: exploration costs, drilling costs, surface
facility construction costs and actual power plant construction
costs.
The
geothermal power generation market is fragmented in nature, with no
single market player occupying a large market share. However, smaller
companies pool resources through strategic alliances and joint
ventures in order to pursue aggressive geothermal asset acquisition
and development strategies. This may lead to a wave of industry
consolidation in the near future.
Corporation
and Calpine Corporation. The report provides an overview of these
companies, followed by their financial revenue, business strategies
and recent developments. The research analyzes and estimates the
performance and market of geothermal power generation globally. Thus,
it provides a detailed trend analysis of the market in terms of
geography and comprehensive analysis of companies that deal in solar
tracker systems.
The
report provides a thorough assessment of strategies followed by
different stakeholders by segmenting the geothermal power generation
market as below:
*Geothermal
Power Generation Market: Technology Analysis
*Dry
steam
*Flash
steam
*Binary
cycle
Browse
the full Geothermal Power Generation Market report at
http://www.transparencymarketresearch.com/geothermal-energy-market.html
*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
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