APO RESEARCH · REPORT
Geothermal Power
Geothermal power generation refers to taking geothermal energy as the power source to drive the generator to generate electricity. Geothermal power generation technology can be divided into dry steam, flash steam and binary cycle power plant and others. At present, 29 countries or regions in the world have geothermal power generation operation, with a total installed capacity of 15400 MW by the end of 2019. The countries with the largest installed capacity include the United States, Indonesia, the Philippines, New Zealand, etc.
Product & engineering
Understand the product.
Geothermal power generation refers to taking geothermal energy as the power source to drive the generator to generate electricity. Geothermal power generation technology can be divided into dry steam, flash steam and binary cycle power plant and others. At present, 29 countries or regions in the world have geothermal power generation operation, with a total installed capacity of 15400 MW by the end of 2019. The countries with the largest installed capacity include the United States, Indonesia, the Philippines, New Zealand, etc.
Selected research
Industry Research
Geothermal Power Industry Research Report 2026
Market perspective
Geothermal power generation refers to taking geothermal energy as the power source to drive the generator to generate electricity. Geothermal power generation technology can be divided into dry steam, flash steam and binary cycle power plant and others. At present, 29 countries or regions in the world have geothermal power generation operation, with a total installed capacity of 15400 MW by the end of 2019. The countries with the largest installed capacity include the United States, Indonesia, the Philippines, New Zealand, etc.
Global core geothermal power manufacturers include Energy Development, Comisión Federal de Electricidad etc.The top 3 companies hold a share about 20%.Asia Pacific is the largest market, with a share about 36%, followed by North America and Europe with the share about 30% and 12%.
Report Scope
Read the full market overview
This report quantifies the global Geothermal Power market in revenue (US$ million) and, where applicable, sales volume (MW), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/MW) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Geothermal Power.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Geothermal Power Market by Company
Energy Development
Comisión Federal de Electricidad
Ormat
Enel Green Power
Calpine
KenGen
Pertamina Geothermal Energy
Contact Energy
Orkuveita Reykjavikur
Star Energy Ltd
Berkshire Hathaway Energy
Northern California Power Agency
HS Orka
Cyrq Energy
Geothermal Power Segment by Type
Dry Steam Stations
Flash Steam Power Stations
Binary Cycle Stations
Geothermal Power Segment by Application
Residential
Industrial
Others
Geothermal Power Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Geothermal Power market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Geothermal Power and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Geothermal Power.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Geothermal Power manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Geothermal Power by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Geothermal Power in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Dry Steam Stations
- Flash Steam Power Stations
- Binary Cycle Stations
Applications
- Residential
- Industrial
- Others
Companies covered
- Energy Development
- Comisión Federal de Electricidad
- Ormat
- Enel Green Power
- Calpine
- KenGen
- Pertamina Geothermal Energy
- Contact Energy
- Orkuveita Reykjavikur
- Star Energy Ltd
- Berkshire Hathaway Energy
- Northern California Power Agency
- HS Orka
- Cyrq Energy
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Geothermal Power by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Dry Steam Stations
- 2.2.3 Flash Steam Power Stations
- 2.2.4 Binary Cycle Stations
- 2.3 Geothermal Power by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Residential
- 2.3.3 Industrial
- 2.3.4 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Geothermal Power Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Geothermal Power Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Geothermal Power Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Geothermal Power Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Geothermal Power Production by Manufacturers (2021-2026)
- 3.2 Global Geothermal Power Production Value by Manufacturers (2021-2026)
- 3.3 Global Geothermal Power Average Price by Manufacturers (2021-2026)
- 3.4 Global Geothermal Power Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Geothermal Power Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Geothermal Power Manufacturers, Product Type & Application
- 3.7 Global Geothermal Power Manufacturers Established Date
- 3.8 Global Geothermal Power Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Energy Development
- 4.1.1 Energy Development Geothermal Power Company Information
- 4.1.2 Energy Development Geothermal Power Business Overview
- 4.1.3 Energy Development Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.1.4 Energy Development Product Portfolio
- 4.1.5 Energy Development Recent Developments
- 4.2 Comisión Federal de Electricidad
- 4.2.1 Comisión Federal de Electricidad Geothermal Power Company Information
- 4.2.2 Comisión Federal de Electricidad Geothermal Power Business Overview
- 4.2.3 Comisión Federal de Electricidad Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.2.4 Comisión Federal de Electricidad Product Portfolio
- 4.2.5 Comisión Federal de Electricidad Recent Developments
- 4.3 Ormat
- 4.3.1 Ormat Geothermal Power Company Information
- 4.3.2 Ormat Geothermal Power Business Overview
- 4.3.3 Ormat Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.3.4 Ormat Product Portfolio
- 4.3.5 Ormat Recent Developments
- 4.4 Enel Green Power
- 4.4.1 Enel Green Power Geothermal Power Company Information
- 4.4.2 Enel Green Power Geothermal Power Business Overview
- 4.4.3 Enel Green Power Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.4.4 Enel Green Power Product Portfolio
- 4.4.5 Enel Green Power Recent Developments
- 4.5 Calpine
- 4.5.1 Calpine Geothermal Power Company Information
- 4.5.2 Calpine Geothermal Power Business Overview
- 4.5.3 Calpine Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.5.4 Calpine Product Portfolio
- 4.5.5 Calpine Recent Developments
- 4.6 KenGen
- 4.6.1 KenGen Geothermal Power Company Information
- 4.6.2 KenGen Geothermal Power Business Overview
- 4.6.3 KenGen Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.6.4 KenGen Product Portfolio
- 4.6.5 KenGen Recent Developments
- 4.7 Pertamina Geothermal Energy
- 4.7.1 Pertamina Geothermal Energy Geothermal Power Company Information
- 4.7.2 Pertamina Geothermal Energy Geothermal Power Business Overview
- 4.7.3 Pertamina Geothermal Energy Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.7.4 Pertamina Geothermal Energy Product Portfolio
- 4.7.5 Pertamina Geothermal Energy Recent Developments
- 4.8 Contact Energy
- 4.8.1 Contact Energy Geothermal Power Company Information
- 4.8.2 Contact Energy Geothermal Power Business Overview
- 4.8.3 Contact Energy Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.8.4 Contact Energy Product Portfolio
- 4.8.5 Contact Energy Recent Developments
- 4.9 Orkuveita Reykjavikur
- 4.9.1 Orkuveita Reykjavikur Geothermal Power Company Information
- 4.9.2 Orkuveita Reykjavikur Geothermal Power Business Overview
- 4.9.3 Orkuveita Reykjavikur Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.9.4 Orkuveita Reykjavikur Product Portfolio
- 4.9.5 Orkuveita Reykjavikur Recent Developments
- 4.10 Star Energy Ltd
- 4.10.1 Star Energy Ltd Geothermal Power Company Information
- 4.10.2 Star Energy Ltd Geothermal Power Business Overview
- 4.10.3 Star Energy Ltd Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.10.4 Star Energy Ltd Product Portfolio
- 4.10.5 Star Energy Ltd Recent Developments
- 4.11 Berkshire Hathaway Energy
- 4.11.1 Berkshire Hathaway Energy Geothermal Power Company Information
- 4.11.2 Berkshire Hathaway Energy Geothermal Power Business Overview
- 4.11.3 Berkshire Hathaway Energy Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.11.4 Berkshire Hathaway Energy Product Portfolio
- 4.11.5 Berkshire Hathaway Energy Recent Developments
- 4.12 Northern California Power Agency
- 4.12.1 Northern California Power Agency Geothermal Power Company Information
- 4.12.2 Northern California Power Agency Geothermal Power Business Overview
- 4.12.3 Northern California Power Agency Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.12.4 Northern California Power Agency Product Portfolio
- 4.12.5 Northern California Power Agency Recent Developments
- 4.13 HS Orka
- 4.13.1 HS Orka Geothermal Power Company Information
- 4.13.2 HS Orka Geothermal Power Business Overview
- 4.13.3 HS Orka Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.13.4 HS Orka Product Portfolio
- 4.13.5 HS Orka Recent Developments
- 4.14 Cyrq Energy
- 4.14.1 Cyrq Energy Geothermal Power Company Information
- 4.14.2 Cyrq Energy Geothermal Power Business Overview
- 4.14.3 Cyrq Energy Geothermal Power Production, Value and Gross Margin (2021-2026)
- 4.14.4 Cyrq Energy Product Portfolio
- 4.14.5 Cyrq Energy Recent Developments
5 Global Geothermal Power Production by Region
- 5.1 Global Geothermal Power Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Geothermal Power Production by Region: 2021-2032
- 5.2.1 Global Geothermal Power Production by Region: 2021-2026
- 5.2.2 Global Geothermal Power Production Forecast by Region (2027-2032)
- 5.3 Global Geothermal Power Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Geothermal Power Production Value by Region: 2021-2032
- 5.4.1 Global Geothermal Power Production Value by Region: 2021-2026
- 5.4.2 Global Geothermal Power Production Value Forecast by Region (2027-2032)
- 5.5 Global Geothermal Power Market Price Analysis by Region (2021-2026)
- 5.6 Global Geothermal Power Production and Value, YOY Growth
- 5.6.1 North America Geothermal Power Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Geothermal Power Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Geothermal Power Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Geothermal Power Production Value Estimates and Forecasts (2021-2032)
6 Global Geothermal Power Consumption by Region
- 6.1 Global Geothermal Power Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Geothermal Power Consumption by Region (2021-2032)
- 6.2.1 Global Geothermal Power Consumption by Region: 2021-2026
- 6.2.2 Global Geothermal Power Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Geothermal Power Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Geothermal Power Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Geothermal Power Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Geothermal Power Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Geothermal Power Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Geothermal Power Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Geothermal Power Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Geothermal Power Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Geothermal Power Production by Type (2021-2032)
- 7.1.1 Global Geothermal Power Production by Type (2021-2032) & (MW)
- 7.1.2 Global Geothermal Power Production Market Share by Type (2021-2032)
- 7.2 Global Geothermal Power Production Value by Type (2021-2032)
- 7.2.1 Global Geothermal Power Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Geothermal Power Production Value Market Share by Type (2021-2032)
- 7.3 Global Geothermal Power Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Geothermal Power Production by Application (2021-2032)
- 8.1.1 Global Geothermal Power Production by Application (2021-2032) & (MW)
- 8.1.2 Global Geothermal Power Production Market Share by Application (2021-2032)
- 8.2 Global Geothermal Power Production Value by Application (2021-2032)
- 8.2.1 Global Geothermal Power Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Geothermal Power Production Value Market Share by Application (2021-2032)
- 8.3 Global Geothermal Power Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Geothermal Power Value Chain Analysis
- 9.1.1 Geothermal Power Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Geothermal Power Production Mode & Process
- 9.2 Geothermal Power Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Geothermal Power Distributors
- 9.2.3 Geothermal Power Customers
10 Global Geothermal Power Analyzing Market Dynamics
- 10.1 Geothermal Power Industry Trends
- 10.2 Geothermal Power Industry Drivers
- 10.3 Geothermal Power Industry Opportunities and Challenges
- 10.4 Geothermal Power Industry Restraints
11 Report Conclusion
12 Disclaimer
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