Global Markets for Geothermal Energy
The global market for geothermal power generation was nearly $12.2 billion in 2014. The market is expected to reach nearly $20.8 billion by 2020 from $12.9 billion in 2015, increasing at a compound annual growth rate (CAGR) of 10.0% from 2015 to 2020.
Flash steam technology is expected to grow from nearly $6.3 billion in 2015 to $10.8 billion in 2020 at a CAGR of 11.4% for the period 2015-2020.
Dry steam technology will grow from nearly $4.1 billion in 2015 to $5.8 billion in 2020 at a CAGR of 7.4% for the period 2015-2020.
