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Geothermal Exploration is the exploration of geothermal resources that can be extracted for the purpose of electricity generation. Geothermal resource is primarily a volume of hot rock and water. Geothermal exploration program implements various techniques to identify geothermal reservoirs and information that can point to high porosity, low density and high permeability areas that can assist in defining well field development.
 
Geothermal exploration takes place in various phases such as Regional reconnaissance, prospect evaluation, project appraisal and exploratory drilling. Numerous drilling techniques are used in geothermal exploration depending on economic considerations, region’s geology and project maturity. Geothermal exploration are further classified based on the techniques such as data and modeling techniques, downhole techniques, drilling techniques, field techniques, geochemical techniques, geophysical techniques, lab analysis technique and remote sensing techniques. Data and modeling technique includes data acquisition, analytical modeling, numerical modeling and portfolio risk modeling. 
 
Downhole technique comprises of borehole seismic techniques, formation testing techniques, well log techniques and well testing techniques. Drilling technique covers development drilling and exploration drilling. Field techniques involve data collection and field sampling. Geochemical techniques mainly include geochemical data analysis. Geophysical technique contains electrical techniques, gravity techniques, magnetic techniques and seismic techniques. Lab analysis technique comprises of fluid lab analysis and rock lab analysis. Remote sensing technique involves active and passive sensors.
 
Some of the major factors driving the growth of geothermal exploration market are increasing population and growing economies. However, high cost and the large time required to complete geothermal exploration can hinder the growth of the market. Ample opportunities are there for geothermal exploration market as demand for electricity is rising at a rapid rate.
 
Some of the key players in the business of geothermal exploration are Mannvit Engineering, Schlumberger Ltd, Baker Hughes Inc, Geothermal Exploration Ltd, Cluff Geothermal Ltd, Kalahari GeoEnergy Ltd, Panax Geothermal Company and Weatherford International Ltd among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Geothermal Exploration Market

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