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Published Date: 2014-05-28Number of Pages: 147

Geothermal Power Generation Market for Dry Steam, Flash Steam, Binary Cycle Technology - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2024

Geothermal energy is energy derived from heat present in the earth’s crust. Geothermal energy is used for two primary purposes: power generation and direct use. This study deals extensively with the use of geothermal energy for power generation purposes. Geothermal power generation involves conversion of water into steam using heat present in the earth’s crust. It also involves the subsequent rotation of turbine to generate electricity. The geothermal power generation market is poised to expand significantly in terms of installed capacity and overall investment. Geothermal power generation is renewable in nature and can supply base load demand. This enables it to benefit from both conventional and unconventional power generation methods. Significantly high capacity utilization and non-intermittent supply coupled with low emission levels and zero fuel costs make geothermal power an attractive area of investment in the near future.

 

Three primary technologies are used to generate geothermal power: Dry steam, flash steam and binary cycle power plants. Currently, the market is witnessing significant changes in terms of technology adoption. This trend is likely to continue in the near future. Dry steam plant is the oldest technology. It requires high temperature resources for efficient generation of geothermal power. Flash steam plants accounted for a major market share in terms of overall installations globally. Flash steam power plants are further segmented into single flash, dual flash and triple flash power plants. Binary cycle power plant is a relatively new technology. Such plants utilize a heat exchanger with a secondary fluid that has a lower boiling point. This enables binary cycle power plant plants to maintain high efficiencies and generate power from lower temperature resources. As geothermal resources in the world deplete, these plants are likely to grab significant market share in the near future. Technologies such as Solar-Geothermal Hybrids or Enhanced Geothermal Systems (EGS) are still in the initial phase of market penetration. These plants provide highly efficient and sustainable power generation; however, these are still highly expensive and do not generate power at grid parity levels.

 

The market share for binary cycle power plants has been increasing in North America; this technology has been used in most capacities added since 2007. However, other regions do not reflect the technology trend witnessed in North America. The U.S. market has matured due to waning resources and exploitation of geothermal energy over a long period. This drives the need for adoption of the binary cycle technology. The  market in Europe is also mature in nature, with countries such as Italy and Iceland deriving a substantial part of their overall electricity requirements from geothermal sources. Although leading in installed capacity on the regional level, Asia Pacific still has significant unexplored and undeveloped geothermal resources. The same pattern is reflected in Rest of the World (RoW). Low rate of resource development and strong government initiatives towards renewable energy generation would boost the market in these regions. Growth in Europe is likely to be significant as well; however, it would be led by a few major countries. 

 

Law and policy frameworks prove to be a boon as well as bane for this particular industry. Laws mandating renewable energy purchase standards for utilities and feed in tariffs promise higher returns for investors. Strong foreign investment policies and frequent soft loans extended by major banks have boosted investor confidence in this industry. However, on the other side, laws such as environment protection mandates, land ownership laws and water protection laws are negatively affecting the growth of the sector in certain countries. Nonetheless, these issues are likely to be resolved in the near future. Although geothermal power generation demands high upfront capital requirements, short and attractive payback periods along with zero fuel costs enhance returns post commissioning. Costs incurred for the establishment of power plants are divided into exploration costs, drilling costs, surface facility costs and actual power plant manufacturing costs. 

 

Individual cost components are likely to vary significantly from region to region. Costs incurred to set up binary cycle plants are high vis-à-vis flash steam plants. The overall investment in the sector is anticipated to rise at a high rate due to escalating material, labor and drilling costs and increasing capacity additions in the near future. Regionally, Asia Pacific has the highest installed capacity, while the U.S. has an installed capacity higher than any other country. Flash steam power plants accounted for majority share (>50%) in terms of global installed capacity, followed by dry steam and flash steam plants, respectively, as of 2012. Ormat Technologies occupied the major market share in terms of installed capacity, followed by Energy Development Corporation (EDC), which operates only in Indonesia. This trend was followed by most market players, with concentrated operations in a particular country or region only. However, major market players are gradually expanding their geographical base of operations through aggressive acquisition of geothermal assets in other countries and regions.

 

TABLE OF CONTENT

 

CHAPTER 1 PREFACE

1.1 REPORT DESCRIPTION

1.2 RESEARCH SCOPE 

1.3 MARKET SEGMENTATION 

1.4 RESEARCH METHODOLOGY 

 

CHAPTER 2 EXECUTIVE SUMMARY 

 

CHAPTER 3 MARKET OVERVIEW 

3.1 INTRODUCTION 

3.2 VALUE CHAIN ANALYSIS 

3.3 MARKET DRIVERS 

      3.3.1 ENVIRONMENTAL BENEFITS INCLUDING LOWER GHG EMISSIONS 

      3.3.2 HIGH CAPACITY UTILIZATION AND OVERALL STABILITY 

      3.3.3 COST COMPETITIVE TARIFFS AND EXCELLENT SCALABILITY 

      3.3.4 STRONG POLICY SUPPORT 

3.4 MARKET RESTRAINTS 

      3.4.1 LIMITED TO AVAILABILITY OF RESOURCES 

      3.4.2 HIGH CAPITAL COST AND EMISSION ISSUES 

3.5 MARKET OPPORTUNITIES 

      3.5.1 NEW TECHNOLOGY PROLIFERATION 

      3.5.2 PROSPECTS OF STRATEGIC ALLIANCE, MERGERS AND ACQUISITIONS IN THE MARKET 

3.6 PORTER’S FIVE FORCES ANALYSIS 

      3.6.1 BARGAINING POWER OF SUPPLIERS

      3.6.2 BARGAINING POWER OF BUYERS 

      3.6.3 THREAT FROM NEW ENTRANTS 

      3.6.4 DEGREE OF COMPETITION 

      3.6.5 THREAT FROM SUBSTITUTES 

3.7 GEOTHERMAL PLANT COST ANALYSIS 

      3.7.1 NORTH AMERICA 

              3.7.1.1 North America geothermal power cost breakdown and forecast, by cost type, 2013 – 2019, (Million USD/ MW) 

      3.7.2 EUROPE 

              3.7.2.1 Europe geothermal power cost breakdown and forecast, by cost type, 2013 – 2019, (Million USD/ MW) 

      3.7.3 ASIA-PACIFIC 

              3.7.3.1 Asia-Pacific geothermal power cost breakdown and forecast, by cost type, 2013 – 2019, (Million USD/ MW) 

      3.7.4 REST OF THE WORLD (ROW) 

              3.7.4.1 Rest of the world (RoW) geothermal power cost breakdown and forecast, by cost type, 2013 – 2019, (Million USD/ MW) 

3.8 MARKET ATTRACTIVENESS ANALYSIS OF GEOTHERMAL POWER GENERATION MARKET, BY TECHNOLOGY, 2013

3.9 COMPANY MARKET SHARE ANALYSIS 

      3.9.1 GEOTHERMAL POWER, COMPANY MARKET SHARE ANALYSIS (MW), 2012 

 

CHAPTER 4 GEOTHERMAL POWER GENERATION MARKET: TECHNOLOGY ANALYSIS 

4.1 GLOBAL GEOTHERMAL POWER GENERATION MARKET: TECHNOLOGY OVERVIEW 

      4.1.1 GLOBAL GEOTHERMAL POWER GENERATION MARKET, VOLUME SHARE BY TECHNOLOGY, 2013-2019 

4.2 DRY STEAM PLANTS 

      4.2.1 GLOBAL DRY STEAM GEOTHERMAL POWER PLANT CAPACITY ESTIMATES AND FORECASTS, 2013-2019 (MW) (USD MILLION)

4.3 FLASH STEAM PLANTS 

      4.3.1 GLOBAL FLASH STEAM GEOTHERMAL POWER PLANT CAPACITY ESTIMATES AND FORECASTS, 2013-2019 (MW) (USD MILLION)

4.4 BINARY CYCLE POWER PLANT 

      4.4.1 GLOBAL FLASH STEAM GEOTHERMAL POWER PLANT CAPACITY ESTIMATES AND FORECASTS, 2013-2019 (MW) (USD MILLION) 

 

CHAPTER 5 GEOTHERMAL POWER GENERATION MARKET: REGIONAL ANALYSIS

5.1 GLOBAL GEOTHERMAL POWER GENERATION MARKET: REGIONAL OVERVIEW

      5.1.1 GLOBAL GEOTHERMAL POWER GENERATION MARKET, VOLUME SHARE BY REGION, 2013 AND 2019 (MW) 

5.2 NORTH AMERICA 

      5.2.1 NORTH AMERICA GEOTHERMAL POWER GENERATION MARKET ESTIMATES AND FORECAST, 2013 – 2019 (MW) (USD MILLION) 

      5.2.2 U.S 

              5.2.2.1 U.S. geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh)      

      5.2.3 MEXICO 

              5.2.3.1 Mexico geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.2.4 NORTH AMERICA GEOTHERMAL POWER INSTALLED CAPACITY ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 – 2019, (MW) 

      5.2.5 NORTH AMERICA GEOTHERMAL POWER GENERATION MARKET ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 – 2019, (USD MILLION)

5.3 EUROPE 

      5.3.1 EUROPE GEOTHERMAL POWER GENERATION MARKET ESTIMATES AND FORECAST, 2013 – 2019 (MW) (USD MILLION)

      5.3.2 ITALY 

              5.3.2.1 Italy geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.3.3 ICELAND 

              5.3.3.1 Iceland geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.3.4 GERMANY

              5.3.4.1 Germany geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh)

      5.3.5 FRANCE (GUADELOUPE) 

              5.3.5.1 France(Guadeloupe) geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.3.6 PORTUGAL 

              5.3.6.1 Portugal geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.3.7 RUSSIA (KAMCHATKA) 

              5.3.7.1 Russia (Kamchatka) geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.3.8 TURKEY 

              5.3.8.1 Turkey geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh)

      5.3.9 AUSTRIA 

              5.3.9.1 Austria geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.3.10 EUROPE GEOTHERMAL POWER INSTALLED CAPACITY ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 – 2019, (MW) 

      5.3.11 EUROPE GEOTHERMAL POWER GENERATION MARKET ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 – 2019, (USD MILLION)

5.4 ASIA-PACIFIC 

      5.4.1 ASIA-PACIFIC GEOTHERMAL POWER GENERATION MARKET ESTIMATES AND FORECAST, 2013 – 2019 (MW) (USD MILLION)

      5.4.2 JAPAN

              5.4.2.1 Japan geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.4.3 PAPUA NEW GUINEA 

               5.4.3.1 Papua New Guinea geothermal power generation market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.4.4 PHILIPPINES 

               5.4.4.1 Philippines Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh)

      5.4.5 NEW ZEALAND 

              5.4.5.1 New Zealand Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.4.6 INDONESIA 

               5.4.6.1 Indonesia Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.4.7 AUSTRALIA 

              5.4.7.1 Australia Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.4.8 CHINA 

              5.4.8.1 China Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh)

      5.4.9 THAILAND 

               5.4.9.1 Thailand Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh)

      5.4.10 ASIA-PACIFIC GEOTHERMAL POWER INSTALLED CAPACITY ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 – 2019, (MW) 

      5.4.11 ASIA-PACIFIC GEOTHERMAL POWER GENERATION MARKET ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 – 2019, (USD MILLION) 

5.5 REST OF THE WORLD (ROW) 

      5.5.1 ROW GEOTHERMAL POWER GENERATION MARKET ESTIMATES AND FORECAST, 2013 – 2019 (MW) (USD MILLION) 

      5.5.2 KENYA

              5.5.2.1 Kenya Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh)

      5.5.3 NICARAGUA 

               5.5.3.1 Nicaragua Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.5.4 COSTA RICA 

              5.5.4.1 Costa Rica Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh)

      5.5.5 GUATEMALA 

              5.5.5.1 Guatemala Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh)

      5.5.6 ETHIOPIA 

              5.5.6.1 Ethiopia Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh)

      5.5.7 EL SALVADOR 

              5.5.7.1 El Salvador Geothermal Power Generation Market estimates and forecast, 2013 – 2019 (MW) (Million KWh) 

      5.5.8 ROW GEOTHERMAL POWER INSTALLED CAPACITY ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 – 2019, (MW) 97

      5.5.9 ROW GEOTHERMAL POWER GENERATION MARKET ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 – 2019, (USD MILLION) 

 

CHAPTER 6 COMPANY PROFILES 

6.1 ORMAT TECHNOLOGIES INC. 

      6.1.1 COMPANY OVERVIEW 

      6.1.2 PRODUCT PORTFOLIO 

      6.1.3 FINANCIAL OVERVIEW 

      6.1.4 BUSINESS STRATEGY 

      6.1.5 SWOT ANALYSIS 

      6.1.6 RECENT DEVELOPMENTS 

6.2 ENEL GREEN POWER 

      6.2.1 COMPANY OVERVIEW 

      6.2.2 PRODUCT PORTFOLIO 

      6.2.3 FINANCIAL OVERVIEW 

      6.2.4 BUSINESS STRATEGY 

      6.2.5 SWOT ANALYSIS 

      6.2.6 RECENT DEVELOPMENTS 

6.3 CYRQ ENERGY INC. 

      6.3.1 COMPANY OVERVIEW 

      6.3.2 PRODUCT PORTFOLIO 

      6.3.3 BUSINESS STRATEGY 

      6.3.4 SWOT ANALYSIS 

      6.3.5 RECENT DEVELOPMENTS 

6.4 CALPINE CORPORATION 

      6.4.1 COMPANY OVERVIEW 

      6.4.2 PRODUCT PORTFOLIO 

      6.4.3 FINANCIAL OVERVIEW 

      6.4.4 BUSINESS STRATEGY 

      6.4.5 SWOT ANALYSIS 

      6.4.6 RECENT DEVELOPMENTS 

6.5 ALTERRA POWER CORPORATION 

      6.5.1 COMPANY OVERVIEW 

      6.5.2 PRODUCT PORTFOLIO 

      6.5.3 FINANCIAL OVERVIEW 

      6.5.4 BUSINESS STRATEGY 

      6.5.5 SWOT ANALYSIS 

      6.5.6 RECENT DEVELOPMENTS

6.6 NORTHERN CALIFORNIA POWER AGENCY

      6.6.1 COMPANY OVERVIEW 

      6.6.2 PRODUCT PORTFOLIO 

      6.6.3 FINANCIAL OVERVIEW 

      6.6.4 BUSINESS STRATEGY 

      6.6.5 SWOT ANALYSIS       

      6.6.6 RECENT DEVELOPMENTS 

6.7 RAM POWER CORPORATION

      6.7.1 COMPANY OVERVIEW

      6.7.2 PRODUCT PORTFOLIO

      6.7.3 FINANCIAL OVERVIEW 

      6.7.4 BUSINESS STRATEGY 

      6.7.5 SWOT ANALYSIS 

      6.7.6 RECENT DEVELOPMENTS 

6.8 US GEOTHERMAL INC. 

      6.8.1 COMPANY OVERVIEW 

      6.8.2 PRODUCT PORTFOLIO 

      6.8.3 FINANCIAL OVERVIEW

      6.8.4 BUSINESS STRATEGY 

      6.8.5 SWOT ANALYSIS 

      6.8.6 RECENT DEVELOPMENTS 

6.9 ORKUVEITA REYKJAVIKUR (REYKJAVIK ENERGY)

      6.9.1 COMPANY OVERVIEW 

      6.9.2 PRODUCT PORTFOLIO 

      6.9.3 FINANCIAL OVERVIEW 

      6.9.4 BUSINESS STRATEGY 

      6.9.5 SWOT ANALYSIS 

      6.9.6 RECENT DEVELOPMENTS 

6.10 RAYA GROUP LIMITED 

       6.10.1 COMPANY OVERVIEW 

       6.10.2 PRODUCT PORTFOLIO 

       6.10.3 FINANCIAL OVERVIEW 

       6.10.4 BUSINESS STRATEGY 

       6.10.5 SWOT ANALYSIS 

       6.10.6 RECENT DEVELOPMENTS 

6.11 CONTACT ENERGY 

       6.11.1 COMPANY OVERVIEW

       6.11.2 PRODUCT PORTFOLIO 

       6.11.3 FINANCIAL OVERVIEW 

       6.11.4 BUSINESS STRATEGY 

       6.11.5 SWOT ANALYSIS 

       6.11.6 RECENT DEVELOPMENTS 

6.12 SUMITOMO CORPORATION 

       6.12.1 COMPANY OVERVIEW 

       6.12.2 PRODUCT PORTFOLIO 

       6.12.3 FINANCIAL OVERVIEW 

       6.12.4 BUSINESS STRATEGY 

       6.12.5 SWOT ANALYSIS 

       6.12.6 RECENT DEVELOPMENTS 

6.13 MANNVIT

       6.13.1 COMPANY OVERVIEW 

       6.13.2 PRODUCT PORTFOLIO

       6.13.3 FINANCIAL OVERVIEW 

       6.13.4 BUSINESS STRATEGY

       6.13.5 SWOT ANALYSIS

       6.13.6 RECENT DEVELOPMENTS 

6.14 MITSUBISHI HEAVY INDUSTRIES LTD.

       6.14.1 COMPANY OVERVIEW 

       6.14.2 PRODUCT PORTFOLIO 

       6.14.3 FINANCIAL OVERVIEW 

       6.14.4 BUSINESS STRATEGY 

       6.14.5 SWOT ANALYSIS 

       6.14.6 RECENT DEVELOPMENTS 

6.15 ENERGY DEVELOPMENT CORPORATION 

       6.15.1 COMPANY OVERVIEW

       6.15.2 PRODUCT PORTFOLIO

       6.15.3 FINANCIAL OVERVIEW

       6.15.4 BUSINESS STRATEGY 

       6.15.5 SWOT ANALYSIS 

       6.15.6 RECENT DEVELOPMENTS 

LIST OF FIGURES 

 

FIG. 1 GEOTHERMAL POWER: MARKET SEGMENTATION 17

FIG. 2 GLOBAL GEOTHERMAL POWER GENERATION MARKET VOLUME AND REVENUE, 2013 - 2019 (MW) (USD MILLION) 21

FIG. 3 VALUE CHAIN ANALYSIS OF GEOTHERMAL POWER PRODUCTION 26

FIG. 4 NORTH AMERICA GEOTHERMAL POWER GENERATION MARKET, INDIVIDUAL COST BREAKDOWN OF OVERALL DEVELOPMENT COST, 2013-2019 41

FIG. 5 EUROPE GEOTHERMAL POWER GENERATION MARKET, INDIVIDUAL COST BREAKDOWN OF OVERALL DEVELOPMENT COST, 2013-2019 42

FIG. 6 ASIA-PACIFIC GEOTHERMAL POWER GENERATION MARKET, INDIVIDUAL COST BREAKDOWN OF OVERALL DEVELOPMENT COST, 2013-2019 44

FIG. 7 ROW GEOTHERMAL POWER GENERATION MARKET, INDIVIDUAL COST BREAKDOWN OF OVERALL DEVELOPMENT COST, 2013-2019 45

FIG. 8 MARKET ATTRACTIVENESS ANALYSIS OF GEOTHERMAL POWER GENERATION MARKET, BY TECHNOLOGY, 2013 47

FIG. 9 COMPANY MARKET SHARE OF GEOTHERMAL POWER INDUSTRY (MW), 2012 48

FIG. 10 GLOBAL GEOTHERMAL POWER GENERATION MARKET, VOLUME SHARE BY TECHNOLOGY, 2013-2019 50

FIG. 11 GLOBAL DRY STEAM GEOTHERMAL POWER PLANT CAPACITY ESTIMATES AND FORECASTS, 2013-2019 (MW) (USD MILLION) 51

FIG. 12 GLOBAL FLASH STEAM GEOTHERMAL POWER PLANT CAPACITY ESTIMATES AND FORECASTS, 2013-2019 (MW) (USD MILLION) 53

FIG. 13 GLOBAL BINARY CYCLE GEOTHERMAL POWER PLANT CAPACITY ESTIMATES AND FORECASTS, 2013-2019 (MW) (USD MILLION) 55

FIG. 14 GLOBAL GEOTHERMAL POWER GENERATION MARKET, VOLUME SHARE BY REGION, 2013 AND 2019 (MW) 58

FIG. 15 NORTH AMERICA GEOTHERMAL POWER GENERATION MARKET VOLUME AND REVENUE, 2013 - 2019 (MW) (USD MILLION) 59

FIG. 16 U.S. GEOTHERMAL POWER GENERATION MARKET VOLUME AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 60

FIG. 17 MEXICO GEOTHERMAL POWER GENERATION MARKET VOLUME AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 62

FIG. 18 EUROPE GEOTHERMAL POWER GENERATION MARKET VOLUME AND REVENUE, 2013 - 2019 (MW) (USD MILLION) 64

FIG. 19 ITALY GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 65

FIG. 20 ICELAND GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 67

FIG. 21 GERMANY GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 68

FIG. 22 FRANCE (GUADELOUPE) GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 70

FIG. 23 PORTUGAL GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 71

FIG. 24 RUSSIA (KAMCHATKA) GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 73

FIG. 25 TURKEY GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 74

FIG. 26 AUSTRIA GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 75

FIG. 27 ASIA-PACIFIC GEOTHERMAL POWER GENERATION MARKET VOLUME AND REVENUE, 2013 - 2019 (MW) (USD MILLION) 77

FIG. 28 JAPAN GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 78

FIG. 29 PAPUA NEW GUINEA GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 79

FIG. 30 PHILIPPINES GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 81

FIG. 31 NEW ZEALAND GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 82

FIG. 32 INDONESIA GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 83

FIG. 33 AUSTRALIA GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 85

FIG. 34 CHINA GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 86

FIG. 35 THAILAND GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 87

FIG. 36 ROW GEOTHERMAL POWER GENERATION MARKET VOLUME AND REVENUE, 2013 - 2019 (MW) (USD MILLION) 89

FIG. 37 KENYA GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 91

FIG. 38 NICARAGUA GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 92

FIG. 39 COSTA RICA GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 93

FIG. 40 GUATEMALA GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 94

FIG. 41 ETHIOPIA GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 95

FIG. 42 EL SALVADOR GEOTHERMAL POWER GENERATION MARKET CAPACITY AND GENERATION, 2013 - 2019 (MW) (MILLION KWH) 97

LIST OF TABLES

 

TABLE 1 GLOBAL GEOTHERMAL POWER GENERATION MARKET: SNAPSHOT 22

TABLE 1 DRIVERS OF GEOTHERMAL POWER GENERATION MARKET: IMPACT ANALYSIS 27

TABLE 2 RESTRAINTS OF GEOTHERMAL POWER GENERATION MARKET: IMPACT ANALYSIS 31

TABLE 3 NORTH AMERICA GEOTHERMAL POWER COST BREAKDOWN  AND FORECAST, BY COST TYPE, 2013 - 2019 (MILLION USD/ MW) 42

TABLE 4 EUROPE GEOTHERMAL POWER COST BREAKDOWN  AND FORECAST, BY COST TYPE, 2013 - 2019 (MILLION USD/ MW) 43

TABLE 5 ASIA-PACIFIC GEOTHERMAL POWER COST BREAKDOWN  AND FORECAST, BY COST TYPE, 2013 - 2019 (MILLION USD/ MW) 44

TABLE 6 REST OF THE WORLD (ROW) GEOTHERMAL POWER COST BREAKDOWN  AND FORECAST, BY COST TYPE, 2013 - 2019 (MILLION USD/ MW) 46

TABLE 7 NORTH AMERICA GEOTHERMAL POWER INSTALLED CAPACITY ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 - 2019 (MW) 63

TABLE 8 NORTH AMERICA GEOTHERMAL POWER GENERATION ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 - 2019 (USD MILLION) 63

TABLE 9 EUROPE GEOTHERMAL POWER INSTALLED CAPACITY ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 - 2019 (MW) 75

TABLE 10 EUROPE  GEOTHERMAL POWER GENERATION ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 - 2019 (USD MILLION) 76

TABLE 11 ASIA-PACIFIC GEOTHERMAL POWER INSTALLED CAPACITY ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 - 2019 (MW) 88

TABLE 12 ASIA-PACIFIC GEOTHERMAL POWER GENERATION ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 - 2019 (USD MILLION) 88

TABLE 13 ROW GEOTHERMAL POWER INSTALLED CAPACITY ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 - 2019 (MW) 97

TABLE 14 ROW GEOTHERMAL POWER GENERATION ESTIMATE AND FORECAST, BY TECHNOLOGY, 2013 - 2019 (USD MILLION) 98

Environmental benefits such as high capacity utilization and cost-competitive pricing have been aiding the expansion of the geothermal power generation market across the globe. Derived from heat energy present in the earth’s crust, geothermal energy is used directly as well as for power generation. The study particularly focuses on use of geothermal energy for the purpose of power generation. 

The global market for geothermal power generation is poised to expand at a robust pace in terms of overall investment and installed capacity. Geothermal power generation is renewable and has the ability of supplying base load demand. This helps it benefit conventional and unconventional methods of power generation, alike. Likewise, non-intermittent supply and high capacity utilizations, coupled with zero fuel costs and low emission levels, make geothermal power a lucrative area for investment in the near future.

The three key technologies used to generate geothermal power are dry stream, binary cycle power plans, and flash stream. Currently the market is undergoing significant changes in terms of the adoption of technology. This trend is forecast to continue through the forecast period from 2013 to 2019. The report presents a granular analysis the opportunities for the aforementioned segments. Furthermore, the global geothermal power generation market is regionally segmented into North America, Asia Pacific, Europe, and Rest of the World.

The report provides a comprehensive analysis of the various factors supporting and inhibiting the market’s trajectory through the forecast period. Opportunities for the market across key regional segments is identified as well.

Global Geothermal Power Generation Market: Overview

The global geothermal power generation market stood at US$2.5bn in 2013. The market is projected to exhibit a CAGR of 23.58% between 2013 and 2019 to reach US$8.9 bn by the end of 2019.

Among the key technologies available in the market, dry steam plan is the oldest one. However, the flash steam plants segment accounted for a leading share in the market in 2012. The flash steam plants segment is further segmented into dual flash, triple flash, and single flash power plants. Binary cycle power plant being a relatively new technology, it is gradually gaining traction in the global market.

Laws and stringent regulations have proven boon as well as bane for this industry. Laws mandating the use of renewable energy purchase standards across utilities and the favorable feed in tariffs promise higher returns on investment. Moreover, strong foreign investment policies and soft loans often extended by leading banks and financial institutions have helped augmenting the investor confidence. On the downside, laws such as land ownership laws, water protection laws, and environment protection laws have been inhibiting the market’s growth across certain countries. Nevertheless, these issues are likely to be resolved in the near future, thus providing the market significant opportunities for growth.

Regionally, Asia Pacific currently displays the highest installed capacity, while the U.S. boasts higher installed capacity than any other country around the world.

Companies Mentioned in Report

To study the vendor landscape in the global geothermal power generation market, the report profiles companies such as Ormat Technologies Inc., Enel Green Power, CYRQ Energy Inc., Calpine Corporation, Alterra Power Corporation, Northern California Power Agency, Ram Power Corporation, US Geothermal Inc., and Orkuveita Reykjavikur (Reykjavik Energy).

Global Geothermal Power Generation Market is segmented as:

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

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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