21 August 2017
Visiongain’s new 281-page Geothermal Power Market Forecast : Capex, Opex & Capacity Forecasts for Dry Steam, Flash Steam, Binary Cycle and Flash-Binary Technologies Plus Regional Forecast report indicates capital expenditure (capex) and operational expenditure (opex) on geothermal power developments will total $7.71bn in 2017.
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.
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 200 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 2017-2027. The report also contains profiles, market shares and analysis of the leading geothermal equipment suppliers like Mitsubishi Heavy Industries, Ansaldo, General Electric, Ormat, Tas Energy, etc.
The Geothermal Power Market : Capex, Opex & Capacity Forecasts for Dry Steam, Flash Steam, Binary Cycle and Flash-Binary Technologies Plus Regional Forecast report will be of value to anyone who wants to better understand the industry and its dynamics. It will be useful for businesses already involved in segment of the Geothermal Power market, or for those wishing to enter this growing market in the future.
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Low operating costs associated with geothermal electricity generation drove the market during the historic period. Low operating costs associated with geothermal power encouraged many companies to invest in this market, contributing to the market growth.
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