Geothermal Power Market to Register Explosive Growth and
Detailed Analysis by 2030

Geothermal Power
Market Growth Trend & Forecast with latest research study released
by Delvens evaluating the market risk side analysis, highlighting
opportunities, and leveraging strategic and tactical decision-making support.
The report provides information on market trends and development, growth
drivers, technologies, and the changing investment structure of the Global market.

The global geothermal power market is projected to reach a
CAGR of 6.2% to 2030.

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Report: https://www.delvens.com/get-free-sample/geothermal-power-market

Geothermal power is a stable and independent power
generation system, which uses warm vitality of the earth's magma to produce
power. Geothermal power plants utilize the steam that is produced from hot
water found around a mile or more below the earth's surface to rotate turbines
that start a generator, which further produces electricity.

Volatile fossil fuel prices, limited presence of fossil
fuels, rise in greenhouse gas emission, high capacity of geothermal power,
cost-effectiveness of geothermal energy, reduction in pollution by geothermal
power plants, and increase in demand for energy are some of the factors that
have supported long-term expansion for Geothermal Power Market.

Key Players

·       
Enel Green Power S.p.A.

·       
Ormat Technologies Inc.

·       
Kenya Pertamina Geothermal Energy

·       
Electricity Generating Company PLC

·       
Calpine Corporation

·       
Aboitiz Power Corporation

·       
Energy Development Corporation

·       
Fuji Electric Co. Ltd.

·       
Toshiba Energy Systems & Solutions
Corporation

·       
Mitsubishi Gas Chemical Company Inc. and More

Recent Developments

Oil and Natural Gas Corporation (ONGC) is likely to carry
out the first Geothermal Field Development Project in Ladakh, India. A
Memorandum of Understanding (MoU) has been signed by the ONGC Energy Centre
(OEC) with Ladakh and the Ladakh Autonomous Hill Development Council, Leh, on
6th February 2021.

In April 2020,
early civil works for the construction of a combined geothermal heat and power
plant in Kirchanschöring, Germany had started. The excavators started digging large
trenches preparing for water pipes, sewage, electricity, and internet.

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In addition to the
market data for Geothermal Power Market, Delvens offers client-centric report
and customized according to the company’s specific demand and requirement.

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