The report, now available on ASDReports, Geothermal Power Market 2016-2026: Capex, Opex & Capacity Forecasts for Dry Steam, Flash Steam, Binary Cycle and Flash-Binary Technologies indicates that capital expenditure (capex) and operational expenditure (opex) on geothermal power developments will total $7.99bn in 2016.
The lead analyst of the report commented that, ‘In 2015 there were 25 countries using geothermal sources to generate electricity. Currently there are 75 countries that are planning to carry out geothermal developments in the foreseeable future.’
Geothermal power investments are driven by pressing concerns over global warming and energy security. There are significant risks involved with initial exploration and drilling, but favourable regulatory environments – including tax incentives and land permits – can do much to facilitate further developments in the sector. Besides from being a clean and renewable energy source with a low levelised cost of electricity, geothermal power is also suitable for base load electricity generation and thus has the potential to become the backbone of local grid systems.
There are a vast number of proposed geothermal projects across the globe that will keep the market growing at a high rate. The United Nations (UN) Climate Change Conference held in Paris, 2015, reached a milestone in tackling global warming, and is expected to give a further boost to geothermal investments. Visiongain anticipates that the majority of the announced geothermal projects will go ahead and an increasing number of countries will assess their geothermal potential to tap into this energy source and fulfil renewable targets.
The report includes 186 tables, charts, and graphs that analyse the market. The top 10 national geothermal markets and the rest of the world (RoW) market are profiled, along with the five technology submarkets (dry steam, flash steam, binary cycle, flash-binary and other technologies). For each, the report includes CAPEX, OPEX and capacity forecasts for the period 2016-2026. The report also contains profiles, market shares and analysis of the 8 leading geothermal equipment suppliers (Mitsubishi Heavy Industries, Ansaldo, General Electric, Alstom, Ormat, Tas Energy, Toshiba, Fuji Electric), as well as tables detailing all existing and proposed geothermal projects throughout the world. Exclusive interviews with Peter Vivian-Neal, CEO of Kalahari GeoEnergy, and Susan Petty, President of AltaRock Energy underpin the analysis and provide further insights into geothermal developments in the US and Kenya as well as enhanced geothermal systems.
The Geothermal Power Market 2016-2026 report will be of value to anyone who wants to better understand the geothermal industry and its dynamics. It will be useful for businesses already involved in the geothermal power market, or for those wishing to enter this growing market in the future.
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Source: ASDReports - Market Research
Date: Feb 9, 2016