Global Geothermal Power and Heat Pump Market Outlook
Report Description:
Geothermal energy is a renewable source of energy derived from the earth’s crust. The heat available underneath is called as geothermal heat, which is utilized to generate power by drilling wells and employing various technologies such as dry steam, flash steam, and binary cycle. Another major utilization of geothermal heat is its direct use in space heating, aquaculture, horticulture, swimming pools, and spa treatments. These two applications form the geothermal energy industry and are the focus areas of interest in the report.
The report provides comprehensive analysis and forecast of geothermal energy industry. The analysis and forecasts are based on key data points regarding installed capacity, technological developments and use, market segments, research and development. It incorporates cost related aspects of the geothermal energy industry categorized into fixed and variable costs.
The report also consists of updates and developments in the market during the last 12 months. The surging prices of non-renewable sources, petroleum in particular and growing concern over pollution control is helping the growth of the market for renewable sources of energy.
Geothermal energy is a renewable source of energy derived from the earth’s crust. The heat available underneath is called as geothermal heat, which is utilized to generate power by drilling wells and employing various technologies such as dry steam, flash steam, and binary cycle. Another major utilization of geothermal heat is its direct use in space heating, aquaculture, horticulture, swimming pools, and spa treatments. These two applications form the geothermal energy industry and are the focus areas of interest in the report.
The report provides comprehensive analysis and forecast of geothermal energy industry. The analysis and forecasts are based on key data points regarding installed capacity, technological developments and use, market segments, research and development. It incorporates cost related aspects of the geothermal energy industry categorized into fixed and variable costs.
The report also consists of updates and developments in the market during the last 12 months. The surging prices of non-renewable sources, petroleum in particular and growing concern over pollution control is helping the growth of the market for renewable sources of energy.
EXECUTIVE SUMMARY
1 INTRODUCTION
1.1 Key take-aways
1.2 Report description
1.3 Markets covered
1.4 Stakeholders
1.5 Research methodology
2 SUMMARY
3 MARKET OVERVIEW
3.1 Introduction
3.2 Geothermal energy resources
3.3 Government support & investments
3.4 Burning issues
3.4.1 Geothermal energy as low carbon emission source
3.4.2 Co produced & geopressured resources
3.4.3 Technological innovations improving geothermal power plant efficiencies
3.5 Winning imperatives
3.6 Europe leads by installed capacities
3.6.1 Upcoming geothermal power projects
3.6.2 Americas
3.6.3 Europe
3.6.4 Asia Pacific
3.6.5 Rest of World
3.7 Market share analysis
3.8 Regulations & policies
3.9 Patent analysis
4 GEOTHERMAL ENERGY, BY APPLICATIONS
4.1 Introduction
4.2 Geothermal energy, by electricity
4.2.1 Drivers
4.2.1.1 Lowest pollution
4.2.1.2 Geothermal energy is cheaper than fossil fuels
4.2.1.3 Competitive cost of production
4.2.1.4 High capacity factor
4.2.2 Restraints
4.2.2.1 Difficult terrain
4.2.2.2 High initial costs
4.2.3 Opportunity
4.2.3.1 Enhanced geothermal systems (EGS) can reduce costs significantly
4.2.3.1.1 Increasing investments in EGS
4.2.4 Geothermal electricity market
4.3 Geothermal energy, by direct use
4.4 Geothermal heat pumps
4.4.1 Drivers
4.4.1.1 High efficiency of geothermal heat pumps
4.4.1.2 Lowest fuel cost
4.4.1.3 Reduced emissions
4.4.1.4 Long service life of heat pumps
4.4.2 Restraints
4.4.2.1 High initial cost
4.4.2.2 Need a longer area for installation
4.4.3 Classification of geothermal heat pumps
4.4.3.1 Closed loop system
4.4.3.2 Open loop system
4.4.4 Geothermal heat pump market
5 GEOTHERMAL POWER PLANT
5.1 Introduction
5.2 Energy conversion systems (ECS)
5.2.1 Dry steam
5.2.2 Flash steam
5.2.3 Binary cycle
5.2.4 Developments in ECS
5.2.4.1 Hybrid (combined) cycle
5.2.4.2 Dual flash
5.2.4.3 Organic rankine cycle
5.2.5 Global share of ECS
5.2.6 Contribution of ECS in global installed capacity
5.3 Phases in geothermal power project
5.3.1 Exploration
5.3.2 Feasibility
5.3.3 Design & construction
5.3.4 Operation & maintenance
5.3.5 Geothermal power plant costs
5.3.5.1 Capital costs
5.3.5.2 Operating and maintenance costs
5.3.5.3 Levelized costs (average cost of power production)
6 COMPETITIVE LANDSCAPE
7 UPCOMING GEOTHERMAL PROJECTS, COUNTRYWISE
8 COMPANY PROFILES
8.1 ALSTOM SA
8.1.1 Overview
8.1.2 Primary business
8.1.3 Strategy
8.1.4 Developments
8.2 ALTAROCK ENERGY INC.
8.2.1 Overview
8.2.2 Primary business
8.2.3 Strategy
8.2.4 Developments
8.3 BAKER HUGHES INC
8.3.1 Overview
8.3.2 Primary business
8.3.3 Strategy
8.3.4 Developments
8.4 CALPINE CORP
8.4.1 Overview
8.4.2 Primary business
8.4.3 Strategy
8.4.4 Developments
8.5 CLIMATEMASTER INC
8.5.1 Overview
8.5.2 Primary business
8.5.3 Strategy
8.5.4 Developments
8.6 CONTACT ENERGY LTD
8.6.1 Overview
8.6.2 Primary business
8.6.3 Strategy
8.6.4 Developments
8.7 ENEL (ENTE NAZIONALE PER L'ENERGIA ELETTRICA SPA)
8.7.1 Overview
8.7.2 Primary business
8.7.3 Strategy
8.7.4 Developments
8.8 EXORKA GMBH
8.8.1 Overview
8.8.2 Primary business
8.8.3 Strategy
8.8.4 Developments
8.9 FIRST GEN CORP
8.9.1 Overview
8.9.2 Primary business
8.9.3 Strategy
8.9.4 Developments
8.10 FLORIDA HEAT PUMPS
8.10.1 Overview
8.10.2 Primary business
8.10.3 Strategy
8.10.4 Developments
8.11 GEODYNAMICS LTD
8.11.1 Overview
8.11.2 Primary business
8.11.3 Strategy
8.11.4 Developments
8.12 GEOGLOBAL ENERGY LLC
8.12.1 Overview
8.12.2 Primary business
8.12.3 Strategy
8.12.4 Developments
8.13 ICELAND AMERICA ENERGY INC
8.13.1 Overview
8.13.2 Primary business
8.13.3 Strategy
8.13.4 Developments
8.14 ICELAND GEOSURVEY RESEARCH (НSOR)
8.14.1 Overview
8.14.2 Primary business
8.14.3 Developments
8.15 MAGMA ENERGY CORP
8.15.1 Overview
8.15.2 Primary business
8.15.3 Strategy
8.15.4 Developments
8.16 MANNVIT REYKJAVНK
8.16.1 Overview
8.16.2 Primary business
8.16.3 Strategy
8.16.4 Developments
8.17 NEVADA GEOTHERMAL POWER INC
8.17.1 Overview
8.17.2 Primary business
8.17.3 Strategy
8.17.4 Developments
8.18 ORMAT TECHNOLOGIES
8.18.1 Overview
8.18.2 Primary business
8.18.3 Strategy
8.18.4 Developments
8.19 PT PERTAMINA GEOTHERMAL ENERGY
8.19.1 Overview
8.19.2 Primary business
8.19.3 Strategy
8.19.4 Developments
8.20 RAM POWER CORP
8.20.1 Overview
8.20.2 Primary business
8.20.3 Strategy
8.20.4 Developments
8.21 RASER TECHNOLOGIES
8.21.1 Overview
8.21.2 Primary business
8.21.3 Strategy
8.21.4 Developments
8.22 REYKJAVIK ENERGY
8.22.1 Overview
8.22.2 Primary business
8.22.3 Strategy
8.22.4 Developments
8.23 U.S. GEOTHERMAL INC
8.23.1 Overview
8.23.2 Primary business
8.23.3 Strategy
8.23.4 Developments
8.24 WATER FURNACE INTERNATIONAL INC
8.24.1 Overview
8.24.2 Primary business
8.24.3 Strategy
8.24.4 Developments
APPENDIX
U.S. Patents
EUROPE Patents
JAPAN Patents
BIBLIOGRAPHY
1 INTRODUCTION
1.1 Key take-aways
1.2 Report description
1.3 Markets covered
1.4 Stakeholders
1.5 Research methodology
2 SUMMARY
3 MARKET OVERVIEW
3.1 Introduction
3.2 Geothermal energy resources
3.3 Government support & investments
3.4 Burning issues
3.4.1 Geothermal energy as low carbon emission source
3.4.2 Co produced & geopressured resources
3.4.3 Technological innovations improving geothermal power plant efficiencies
3.5 Winning imperatives
3.6 Europe leads by installed capacities
3.6.1 Upcoming geothermal power projects
3.6.2 Americas
3.6.3 Europe
3.6.4 Asia Pacific
3.6.5 Rest of World
3.7 Market share analysis
3.8 Regulations & policies
3.9 Patent analysis
4 GEOTHERMAL ENERGY, BY APPLICATIONS
4.1 Introduction
4.2 Geothermal energy, by electricity
4.2.1 Drivers
4.2.1.1 Lowest pollution
4.2.1.2 Geothermal energy is cheaper than fossil fuels
4.2.1.3 Competitive cost of production
4.2.1.4 High capacity factor
4.2.2 Restraints
4.2.2.1 Difficult terrain
4.2.2.2 High initial costs
4.2.3 Opportunity
4.2.3.1 Enhanced geothermal systems (EGS) can reduce costs significantly
4.2.3.1.1 Increasing investments in EGS
4.2.4 Geothermal electricity market
4.3 Geothermal energy, by direct use
4.4 Geothermal heat pumps
4.4.1 Drivers
4.4.1.1 High efficiency of geothermal heat pumps
4.4.1.2 Lowest fuel cost
4.4.1.3 Reduced emissions
4.4.1.4 Long service life of heat pumps
4.4.2 Restraints
4.4.2.1 High initial cost
4.4.2.2 Need a longer area for installation
4.4.3 Classification of geothermal heat pumps
4.4.3.1 Closed loop system
4.4.3.2 Open loop system
4.4.4 Geothermal heat pump market
5 GEOTHERMAL POWER PLANT
5.1 Introduction
5.2 Energy conversion systems (ECS)
5.2.1 Dry steam
5.2.2 Flash steam
5.2.3 Binary cycle
5.2.4 Developments in ECS
5.2.4.1 Hybrid (combined) cycle
5.2.4.2 Dual flash
5.2.4.3 Organic rankine cycle
5.2.5 Global share of ECS
5.2.6 Contribution of ECS in global installed capacity
5.3 Phases in geothermal power project
5.3.1 Exploration
5.3.2 Feasibility
5.3.3 Design & construction
5.3.4 Operation & maintenance
5.3.5 Geothermal power plant costs
5.3.5.1 Capital costs
5.3.5.2 Operating and maintenance costs
5.3.5.3 Levelized costs (average cost of power production)
6 COMPETITIVE LANDSCAPE
7 UPCOMING GEOTHERMAL PROJECTS, COUNTRYWISE
8 COMPANY PROFILES
8.1 ALSTOM SA
8.1.1 Overview
8.1.2 Primary business
8.1.3 Strategy
8.1.4 Developments
8.2 ALTAROCK ENERGY INC.
8.2.1 Overview
8.2.2 Primary business
8.2.3 Strategy
8.2.4 Developments
8.3 BAKER HUGHES INC
8.3.1 Overview
8.3.2 Primary business
8.3.3 Strategy
8.3.4 Developments
8.4 CALPINE CORP
8.4.1 Overview
8.4.2 Primary business
8.4.3 Strategy
8.4.4 Developments
8.5 CLIMATEMASTER INC
8.5.1 Overview
8.5.2 Primary business
8.5.3 Strategy
8.5.4 Developments
8.6 CONTACT ENERGY LTD
8.6.1 Overview
8.6.2 Primary business
8.6.3 Strategy
8.6.4 Developments
8.7 ENEL (ENTE NAZIONALE PER L'ENERGIA ELETTRICA SPA)
8.7.1 Overview
8.7.2 Primary business
8.7.3 Strategy
8.7.4 Developments
8.8 EXORKA GMBH
8.8.1 Overview
8.8.2 Primary business
8.8.3 Strategy
8.8.4 Developments
8.9 FIRST GEN CORP
8.9.1 Overview
8.9.2 Primary business
8.9.3 Strategy
8.9.4 Developments
8.10 FLORIDA HEAT PUMPS
8.10.1 Overview
8.10.2 Primary business
8.10.3 Strategy
8.10.4 Developments
8.11 GEODYNAMICS LTD
8.11.1 Overview
8.11.2 Primary business
8.11.3 Strategy
8.11.4 Developments
8.12 GEOGLOBAL ENERGY LLC
8.12.1 Overview
8.12.2 Primary business
8.12.3 Strategy
8.12.4 Developments
8.13 ICELAND AMERICA ENERGY INC
8.13.1 Overview
8.13.2 Primary business
8.13.3 Strategy
8.13.4 Developments
8.14 ICELAND GEOSURVEY RESEARCH (НSOR)
8.14.1 Overview
8.14.2 Primary business
8.14.3 Developments
8.15 MAGMA ENERGY CORP
8.15.1 Overview
8.15.2 Primary business
8.15.3 Strategy
8.15.4 Developments
8.16 MANNVIT REYKJAVНK
8.16.1 Overview
8.16.2 Primary business
8.16.3 Strategy
8.16.4 Developments
8.17 NEVADA GEOTHERMAL POWER INC
8.17.1 Overview
8.17.2 Primary business
8.17.3 Strategy
8.17.4 Developments
8.18 ORMAT TECHNOLOGIES
8.18.1 Overview
8.18.2 Primary business
8.18.3 Strategy
8.18.4 Developments
8.19 PT PERTAMINA GEOTHERMAL ENERGY
8.19.1 Overview
8.19.2 Primary business
8.19.3 Strategy
8.19.4 Developments
8.20 RAM POWER CORP
8.20.1 Overview
8.20.2 Primary business
8.20.3 Strategy
8.20.4 Developments
8.21 RASER TECHNOLOGIES
8.21.1 Overview
8.21.2 Primary business
8.21.3 Strategy
8.21.4 Developments
8.22 REYKJAVIK ENERGY
8.22.1 Overview
8.22.2 Primary business
8.22.3 Strategy
8.22.4 Developments
8.23 U.S. GEOTHERMAL INC
8.23.1 Overview
8.23.2 Primary business
8.23.3 Strategy
8.23.4 Developments
8.24 WATER FURNACE INTERNATIONAL INC
8.24.1 Overview
8.24.2 Primary business
8.24.3 Strategy
8.24.4 Developments
APPENDIX
U.S. Patents
EUROPE Patents
JAPAN Patents
BIBLIOGRAPHY
LIST OF TABLES
1 Geothermal Energy Market Installed by Capacity, by Geography (2010)
2 Global Geothermal Energy Market Installed Capacity (MW), by Applications (2008 – 2015)
3 Global Geothermal Energy Investments 2008 – 2010 ($Million)
4 Winning Imperatives
5 Global Geothermal Energy Installed Capacity, by Applications (2010)
6 Americas: Major Countries Producing Geothermal Power, by Installed Capacity (2010)
7 Americas: Major Countries in Geothermal Direct Use, by Installed Capacity (2010)
8 Europe: Major Countries Producing Geothermal Power, by Installed Capacity (2010)
9 Europe: Major Countries in Geothermal Direct Use, by Installed Capacity (2010)
10 Asia Pacific: Major Countries Producing Geothermal Power, by Installed Capacity (2010)
11 Asia Pacific: Major Countries in Geothermal Direct Use, by Installed Capacity (2010)
12 Row: Major Countries Producing Geothermal Power, by Installed Capacity (2010)
13 Major Geothermal Power Generating Companies (2009)
14 Top Countries in Geothermal Electricity Installed Capacity (2010)
15 Fossil Fuel Prices (2010)
16 Geothermal Electricity Generation, by Geography 2008 – 2015 (Mw)
17 Geothermal Electricity Generation Revenues, by Geography 2008 – 2015 ($Million)
18 Geothermal Direct Use by Installed Capacity (MW), by Geography (2008 – 2015)
19 Major Countries in Direct Use, by Installed Capacity (2010)
20 Carbon Emissions of Heat Pumps by Fuel Type (Kg/Yr)
21 Geothermal Heat Pump Units Installed, by Geography (2008 – 2015)
22 Power Plant Equipments, by Type of ECS
23 Contracts (June 2008 – October 2010)
24 Agreements (May 2008 – August 2010)
25 Strategies (May 2008 – October 2010)
1 Geothermal Energy Market Installed by Capacity, by Geography (2010)
2 Global Geothermal Energy Market Installed Capacity (MW), by Applications (2008 – 2015)
3 Global Geothermal Energy Investments 2008 – 2010 ($Million)
4 Winning Imperatives
5 Global Geothermal Energy Installed Capacity, by Applications (2010)
6 Americas: Major Countries Producing Geothermal Power, by Installed Capacity (2010)
7 Americas: Major Countries in Geothermal Direct Use, by Installed Capacity (2010)
8 Europe: Major Countries Producing Geothermal Power, by Installed Capacity (2010)
9 Europe: Major Countries in Geothermal Direct Use, by Installed Capacity (2010)
10 Asia Pacific: Major Countries Producing Geothermal Power, by Installed Capacity (2010)
11 Asia Pacific: Major Countries in Geothermal Direct Use, by Installed Capacity (2010)
12 Row: Major Countries Producing Geothermal Power, by Installed Capacity (2010)
13 Major Geothermal Power Generating Companies (2009)
14 Top Countries in Geothermal Electricity Installed Capacity (2010)
15 Fossil Fuel Prices (2010)
16 Geothermal Electricity Generation, by Geography 2008 – 2015 (Mw)
17 Geothermal Electricity Generation Revenues, by Geography 2008 – 2015 ($Million)
18 Geothermal Direct Use by Installed Capacity (MW), by Geography (2008 – 2015)
19 Major Countries in Direct Use, by Installed Capacity (2010)
20 Carbon Emissions of Heat Pumps by Fuel Type (Kg/Yr)
21 Geothermal Heat Pump Units Installed, by Geography (2008 – 2015)
22 Power Plant Equipments, by Type of ECS
23 Contracts (June 2008 – October 2010)
24 Agreements (May 2008 – August 2010)
25 Strategies (May 2008 – October 2010)
LIST OF FIGURES
1 Geothermal Energy Market Segmentation
2 Snapshot of Geothermal Energy Market Structure
3 Geothermal Investments, by Geography (2008 – 2010)
4 GHG Emissions, by Electricity Generation Sources
5 Major Countries by New Geothermal Power Projects
6 Patent Trends (2005 – 2009)
7 Patent Trends, by Geography (2005 – 2009)
8 Patent Analysis, by Geography (2005 - 2009)
9 Global Geothermal Energy Market Installed Capacity, by Applications (2010)
10 Geothermal Electricity Installed Capacity, by Geography (2010)
11 Carbon Emissions by Energy Source
12 Range of Levelized Cost of Power Production, by Energy Sources (2009)
13 Power Plant Capacity Factors, by Energy Sources
14 Global Direct Use Applications, by Installed Capacity, MW (2010)
15 Geothermal Direct Use, by Geography (2010)
16 Geothermal Heat Pump, Modes of Operation
17 Efficiency of Heat Pumps by Fuel Type
18 Fuel Costs of Different Heat Pumps
19 Heat Pump Installations, by Equipment Type (2010)
20 Closed Loop System
21 Open Loop System
22 Global Geothermal Heat Pumps Installed Capacity (2008 – 2015)
23 ECS Selection Criteria
24 Dry Steam Cycle
25 Flash Steam Cycle
26 Binary Cycle
27 Global ECS Installations (2009)
28 Global Share of ECS, by Installed Capacity (2009)
29 Geothermal Project Phases Relative to Probability of Success
30 Geothermal Power Plant Feasibility
31 Geothermal Power Plant
32 Range And Break-Up of Capital Cost, by Activities
33 Break-Up of Capital Cost, by Type of ECS
34 Break-Up of O&M Cost, by Type of ECS
35 Geothermal Industry Competitive Landscape (2008 – 2010)
1 Geothermal Energy Market Segmentation
2 Snapshot of Geothermal Energy Market Structure
3 Geothermal Investments, by Geography (2008 – 2010)
4 GHG Emissions, by Electricity Generation Sources
5 Major Countries by New Geothermal Power Projects
6 Patent Trends (2005 – 2009)
7 Patent Trends, by Geography (2005 – 2009)
8 Patent Analysis, by Geography (2005 - 2009)
9 Global Geothermal Energy Market Installed Capacity, by Applications (2010)
10 Geothermal Electricity Installed Capacity, by Geography (2010)
11 Carbon Emissions by Energy Source
12 Range of Levelized Cost of Power Production, by Energy Sources (2009)
13 Power Plant Capacity Factors, by Energy Sources
14 Global Direct Use Applications, by Installed Capacity, MW (2010)
15 Geothermal Direct Use, by Geography (2010)
16 Geothermal Heat Pump, Modes of Operation
17 Efficiency of Heat Pumps by Fuel Type
18 Fuel Costs of Different Heat Pumps
19 Heat Pump Installations, by Equipment Type (2010)
20 Closed Loop System
21 Open Loop System
22 Global Geothermal Heat Pumps Installed Capacity (2008 – 2015)
23 ECS Selection Criteria
24 Dry Steam Cycle
25 Flash Steam Cycle
26 Binary Cycle
27 Global ECS Installations (2009)
28 Global Share of ECS, by Installed Capacity (2009)
29 Geothermal Project Phases Relative to Probability of Success
30 Geothermal Power Plant Feasibility
31 Geothermal Power Plant
32 Range And Break-Up of Capital Cost, by Activities
33 Break-Up of Capital Cost, by Type of ECS
34 Break-Up of O&M Cost, by Type of ECS
35 Geothermal Industry Competitive Landscape (2008 – 2010)
