Geothermal Energy is Expected to Reach 120,300 MW by 2015

According to the new market research report ‘Global Geothermal Power and Heat Pump Market Outlook: (2010-2015)’, published by MarketsandMarkets, the global geothermal installed capacity, including power generation and direct use, is expected to grow from 61,200 MW in 2010 to 120,300 MW in 2015 at an estimated CAGR of 14% for the same period.

Geothermal energy is a renewable source of energy derived from the earth’s crust. The energy is available underneath in the form of heat. The major applications of geothermal energy like electricity generation and direct use (geothermal heat pump installations) have been covered in great detail in the report. These two applications form the geothermal energy industry and are the focus areas of interest in the report.

The sub-types of applications of geothermal energy based on their conversion technologies and equipments have been analyzed in detail. This report covers installed capacities, market share of industry players with their profiles, and market forecast of the aforesaid applications of geothermal energy. We have done an in-depth competitive landscape and geographic analysis for each of the markets and their sub-segments, covering the major markets, viz. Americas, Europe, Asia Pacific, and Rest of the World (RoW).