info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

Geothermal Turbines Market is Expected to Showcase Rampant Growth Over 2030

Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Geothermal Turbines Market.


Market Highlights


Global Market for Geothermal Turbines is projected to grow with 3.54% CAGR during the forecast period, 2022–2030. Geothermal turbines are similar to steam turbines. However, in the case of geothermal turbines, the steam required to power the turbines is generated by the heat harnessed from the Earth’s core and not from a fuel source.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Geothermal Turbines Market Research Report


Global Geothermal turbines Market, 2022–2030Geothermal Turbines Market


In 2019, North America Dominated the Geothermal Turbines Market in Terms of Share: MRFR


The geothermal turbines market has been segmented into five regions: Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. North America is likely to hold the largest share of the market during the forecast period. The larger market share of North America is attributed to the significant amount of geothermal power plants that are planned or executed to boost the market. For instance, the Geysers dry steam reservoir in Northern California is the largest known dry steam field in the world. Moreover, companies in North America are participating in innovating the geothermal energy. For instance, Enel Green Power’s 25 MW Cove Fort, 13.4 MW Salt Wells and 33.1 MW Stillwater facilities are the only geothermal plants in North America to use largescale electrical submersible pumps (ESP) for the extraction of geothermal fluid, a cleaner and more efficient technology that ensures zero energy losses. All these factors are likely to fuel the growth of the geothermal turbines market in the region as it is significant element in the geothermal power generation process.


The global geothermal turbines market has been classified based on type and application. Based on type, the geothermal turbines market is divided into dry steam, flash cycle, and binary cycle. The binary cycle segment is expected to grow at highest growth rate during the forecast period as within this type of geothermal turbines, nothing is emitted to the atmosphere. Such factors lead to the large market share of the binary cycle segment.


Global Geothermal Turbines Market is projected to grow at 3.54% CAGR during the forecast period.


DriversGeothermal Turbines Market


Scope of the Report


This report provides an in-depth analysis of the global geothermal turbines market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Geothermal turbines market by type, application, and region.




  • Type

    • Dry Steam

    • Flash Cycle

    • Binary Cycle






  • Application

    • Industrial

    • Residential

    • Agricultural

    • Others






  • By Region

    • North America 

    • Asia-Pacific 

    • Europe

    • Middle East & Africa

    • South America




Key Players


The key players operating in the global geothermal turbines market are Mitsubishi Power, Ltd., Toshiba Energy Systems & Solutions Corporation, Fuji Electric, Ansaldo Energia, Turboden S.p.A, Exergy International Srl, Halliburton, Ormat Technologies Inc., Calpine, Enel Spa, GE, and ElectraTherm, Inc.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Base Year 2021
Companies Covered 15
Table & Figures 2
Pages 111
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.