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 Growth & Trends
Global Geothermal Power Industry Growth and Trends Forecast to 2032
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 provides a structured, data-driven view of the global Geothermal Power market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Geothermal Power market size, estimates, and forecasts are presented in terms of sales volume (MW) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Geothermal Power market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Geothermal Power.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Geothermal Power market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
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: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: 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 3: Detailed analysis of Geothermal Power manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Geothermal Power in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights 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 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Geothermal Power Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Geothermal Power Sales Estimates and Forecasts (2021-2032)
- 1.3 Geothermal Power Market by Type
- 1.3.1 Dry Steam Stations
- 1.3.2 Flash Steam Power Stations
- 1.3.3 Binary Cycle Stations
- 1.4 Global Geothermal Power Market Size by Type
- 1.4.1 Global Geothermal Power Market Size Overview by Type (2021-2032)
- 1.4.2 Global Geothermal Power Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Geothermal Power Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Geothermal Power Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Geothermal Power Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Geothermal Power Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Geothermal Power Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Geothermal Power Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Geothermal Power Industry Trends
- 2.2 Geothermal Power Industry Drivers
- 2.3 Geothermal Power Industry Opportunities and Challenges
- 2.4 Geothermal Power Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Geothermal Power Revenue (2021-2026)
- 3.2 Global Top Players by Geothermal Power Sales (2021-2026)
- 3.3 Global Top Players by Geothermal Power Price (2021-2026)
- 3.4 Global Geothermal Power Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Geothermal Power Major Company Production Sites & Headquarters
- 3.6 Global Geothermal Power Company, Product Type & Application
- 3.7 Global Geothermal Power Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Geothermal Power Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Geothermal Power Players Market Share by Revenue in 2025
- 3.8.3 2025 Geothermal Power Tier 1, Tier 2, and Tier 3
4 Geothermal Power Regional Status and Outlook
- 4.1 Global Geothermal Power Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Geothermal Power Historic Market Size by Region
- 4.2.1 Global Geothermal Power Sales in Volume by Region (2021-2026)
- 4.2.2 Global Geothermal Power Sales in Value by Region (2021-2026)
- 4.2.3 Global Geothermal Power Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Geothermal Power Forecasted Market Size by Region
- 4.3.1 Global Geothermal Power Sales in Volume by Region (2027-2032)
- 4.3.2 Global Geothermal Power Sales in Value by Region (2027-2032)
- 4.3.3 Global Geothermal Power Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Geothermal Power by Application
- 5.1 Geothermal Power Market by Application
- 5.1.1 Residential
- 5.1.2 Industrial
- 5.1.3 Others
- 5.2 Global Geothermal Power Market Size by Application
- 5.2.1 Global Geothermal Power Market Size Overview by Application (2021-2032)
- 5.2.2 Global Geothermal Power Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Geothermal Power Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Geothermal Power Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Geothermal Power Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Geothermal Power Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Geothermal Power Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Geothermal Power Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Energy Development
- 6.1.1 Energy Development Company Information
- 6.1.2 Energy Development Business Overview
- 6.1.3 Energy Development Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Energy Development Geothermal Power Product Portfolio
- 6.1.5 Energy Development Recent Developments
- 6.2 Comisión Federal de Electricidad
- 6.2.1 Comisión Federal de Electricidad Company Information
- 6.2.2 Comisión Federal de Electricidad Business Overview
- 6.2.3 Comisión Federal de Electricidad Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Comisión Federal de Electricidad Geothermal Power Product Portfolio
- 6.2.5 Comisión Federal de Electricidad Recent Developments
- 6.3 Ormat
- 6.3.1 Ormat Company Information
- 6.3.2 Ormat Business Overview
- 6.3.3 Ormat Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Ormat Geothermal Power Product Portfolio
- 6.3.5 Ormat Recent Developments
- 6.4 Enel Green Power
- 6.4.1 Enel Green Power Company Information
- 6.4.2 Enel Green Power Business Overview
- 6.4.3 Enel Green Power Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Enel Green Power Geothermal Power Product Portfolio
- 6.4.5 Enel Green Power Recent Developments
- 6.5 Calpine
- 6.5.1 Calpine Company Information
- 6.5.2 Calpine Business Overview
- 6.5.3 Calpine Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Calpine Geothermal Power Product Portfolio
- 6.5.5 Calpine Recent Developments
- 6.6 KenGen
- 6.6.1 KenGen Company Information
- 6.6.2 KenGen Business Overview
- 6.6.3 KenGen Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 KenGen Geothermal Power Product Portfolio
- 6.6.5 KenGen Recent Developments
- 6.7 Pertamina Geothermal Energy
- 6.7.1 Pertamina Geothermal Energy Company Information
- 6.7.2 Pertamina Geothermal Energy Business Overview
- 6.7.3 Pertamina Geothermal Energy Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Pertamina Geothermal Energy Geothermal Power Product Portfolio
- 6.7.5 Pertamina Geothermal Energy Recent Developments
- 6.8 Contact Energy
- 6.8.1 Contact Energy Company Information
- 6.8.2 Contact Energy Business Overview
- 6.8.3 Contact Energy Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Contact Energy Geothermal Power Product Portfolio
- 6.8.5 Contact Energy Recent Developments
- 6.9 Orkuveita Reykjavikur
- 6.9.1 Orkuveita Reykjavikur Company Information
- 6.9.2 Orkuveita Reykjavikur Business Overview
- 6.9.3 Orkuveita Reykjavikur Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Orkuveita Reykjavikur Geothermal Power Product Portfolio
- 6.9.5 Orkuveita Reykjavikur Recent Developments
- 6.10 Star Energy Ltd
- 6.10.1 Star Energy Ltd Company Information
- 6.10.2 Star Energy Ltd Business Overview
- 6.10.3 Star Energy Ltd Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Star Energy Ltd Geothermal Power Product Portfolio
- 6.10.5 Star Energy Ltd Recent Developments
- 6.11 Berkshire Hathaway Energy
- 6.11.1 Berkshire Hathaway Energy Company Information
- 6.11.2 Berkshire Hathaway Energy Business Overview
- 6.11.3 Berkshire Hathaway Energy Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Berkshire Hathaway Energy Geothermal Power Product Portfolio
- 6.11.5 Berkshire Hathaway Energy Recent Developments
- 6.12 Northern California Power Agency
- 6.12.1 Northern California Power Agency Company Information
- 6.12.2 Northern California Power Agency Business Overview
- 6.12.3 Northern California Power Agency Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Northern California Power Agency Geothermal Power Product Portfolio
- 6.12.5 Northern California Power Agency Recent Developments
- 6.13 HS Orka
- 6.13.1 HS Orka Company Information
- 6.13.2 HS Orka Business Overview
- 6.13.3 HS Orka Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 HS Orka Geothermal Power Product Portfolio
- 6.13.5 HS Orka Recent Developments
- 6.14 Cyrq Energy
- 6.14.1 Cyrq Energy Company Information
- 6.14.2 Cyrq Energy Business Overview
- 6.14.3 Cyrq Energy Geothermal Power Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Cyrq Energy Geothermal Power Product Portfolio
- 6.14.5 Cyrq Energy Recent Developments
7 North America by Country
- 7.1 North America Geothermal Power Sales by Country
- 7.1.1 North America Geothermal Power Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Geothermal Power Sales by Country (2021-2026)
- 7.1.3 North America Geothermal Power Sales Forecast by Country (2027-2032)
- 7.2 North America Geothermal Power Market Size by Country
- 7.2.1 North America Geothermal Power Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Geothermal Power Market Size by Country (2021-2026)
- 7.2.3 North America Geothermal Power Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Geothermal Power Sales by Country
- 8.1.1 Europe Geothermal Power Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Geothermal Power Sales by Country (2021-2026)
- 8.1.3 Europe Geothermal Power Sales Forecast by Country (2027-2032)
- 8.2 Europe Geothermal Power Market Size by Country
- 8.2.1 Europe Geothermal Power Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Geothermal Power Market Size by Country (2021-2026)
- 8.2.3 Europe Geothermal Power Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Geothermal Power Sales by Country
- 9.1.1 Asia-Pacific Geothermal Power Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Geothermal Power Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Geothermal Power Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Geothermal Power Market Size by Country
- 9.2.1 Asia-Pacific Geothermal Power Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Geothermal Power Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Geothermal Power Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Geothermal Power Sales by Country
- 10.1.1 South America Geothermal Power Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Geothermal Power Sales by Country (2021-2026)
- 10.1.3 South America Geothermal Power Sales Forecast by Country (2027-2032)
- 10.2 South America Geothermal Power Market Size by Country
- 10.2.1 South America Geothermal Power Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Geothermal Power Market Size by Country (2021-2026)
- 10.2.3 South America Geothermal Power Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Geothermal Power Sales by Country
- 11.1.1 Middle East and Africa Geothermal Power Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Geothermal Power Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Geothermal Power Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Geothermal Power Market Size by Country
- 11.2.1 Middle East and Africa Geothermal Power Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Geothermal Power Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Geothermal Power Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Geothermal Power Value Chain Analysis
- 12.1.1 Geothermal Power Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Geothermal Power Production Mode & Process
- 12.2 Geothermal Power Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Geothermal Power Distributors
- 12.2.3 Geothermal Power Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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