Breakthrough Advancements in Geothermal Energy Technology and Global Growth Opportunities

Geothermal Power Generation Market – Growth Opportunities, Analysis, Forecast, Global, 2022

Advanced closed-loop and enhanced geothermal systems are emerging as key disruptive technologies driving geothermal industry growth,Geothermal Power Generation,Geothermal Energy Technology,geothermal energy power plant

RELEASE DATE
14-Dec-2022
REGION
Global
Research Code: DA90-01-00-00-00
SKU: EG02293-GL-TR_27258
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Description

Geothermal energy involves the use of the underground heat generated from the Earth’s core for electricity and heating purposes. While solar and wind energy technologies represent the mainstream renewable energy sources, geothermal energy has its own distinct advantages. Its capacity to provide heating/cooling and power generation, the steady energy availability, and the high capacity-utilization factor make it an attractive clean energy technology. While conventional geothermal utilization is highly location restrictive, the industry is on a path of innovation to overcome these challenges. In this regard, enhanced geothermal and advanced closed-loop systems hold the potential to boost geothermal energy utilization. Both approaches overcome the geographical challenges of geothermal energy and significantly reduce costs. In the coming years, geothermal energy will play an important role in decarbonizing industrial heat and increasing the resiliency of district heating networks.

This Frost & Sullivan study describes the major geothermal-based electricity generation technologies and the growth drivers and restraints. The study also offers a detailed growth opportunity analysis and discusses the key innovators involved in the development of next-generation geothermal energy systems. It includes an analysis of the global patent landscape for geothermal energy technologies and highlights the key patent owners/applicants.

Table of Contents

Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Geothermal Energy Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Methodology

Scope of Analysis

Segmentation

Growth Drivers

Growth Restraints

Geothermal Energy—Technology Introduction and Attributes

Geothermal Energy Technologies

Dry Steam Power Plants

Flash Steam Power Plants

Binary Cycle Power Plants

Enhanced Geothermal Power Plants

Advanced Closed-loop Geothermal Systems

Geothermal Energy Utilization Pathways

Status of Geothermal Heating and Electricity Generation

Comparison of Geothermal Energy Electricity Generation Costs with Other Renewables

Closed-loop Geothermal Power Generator Offering Clean and Reliable Power

Radial Outflow Turbine-driven ORC Geothermal Power Generation

Next-generation Geothermal Plant Development Offering Increased Productivity

Closed-loop Geothermal Energy Technology for Effective Utilization of Deep Geothermal Resources

Millimeter Wave Drilling Technology to Access Deep Geothermal Resources

Supercritical Carbon Dioxide-based EGS

Other Innovations

China Leads Geothermal Energy R&D Activity

Growth Opportunity 1: Provision of Low-emission, High-temperature Heat to Industries to Enhance Sustainability

Growth Opportunity 1: Provision of Low-emission, High-temperature Heat to Industries to Enhance Sustainability (continued)

Growth Opportunity 2: EGS to Boost Geothermal Energy Utilization

Growth Opportunity 2: EGS to Boost Geothermal Energy Utilization (continued)

Growth Opportunity 3: Use of Geothermal Energy to Significantly Enhance District Heating Networks Resiliency

Growth Opportunity 3: Use of Geothermal Energy to Significantly Enhance District Heating Networks Resiliency (continued)

Technology Readiness Levels (TRL): Explanation

Your Next Steps

Why Frost, Why Now?

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Geothermal energy involves the use of the underground heat generated from the Earth’s core for electricity and heating purposes. While solar and wind energy technologies represent the mainstream renewable energy sources, geothermal energy has its own distinct advantages. Its capacity to provide heating/cooling and power generation, the steady energy availability, and the high capacity-utilization factor make it an attractive clean energy technology. While conventional geothermal utilization is highly location restrictive, the industry is on a path of innovation to overcome these challenges. In this regard, enhanced geothermal and advanced closed-loop systems hold the potential to boost geothermal energy utilization. Both approaches overcome the geographical challenges of geothermal energy and significantly reduce costs. In the coming years, geothermal energy will play an important role in decarbonizing industrial heat and increasing the resiliency of district heating networks. This Frost & Sullivan study describes the major geothermal-based electricity generation technologies and the growth drivers and restraints. The study also offers a detailed growth opportunity analysis and discusses the key innovators involved in the development of next-generation geothermal energy systems. It includes an analysis of the global patent landscape for geothermal energy technologies and highlights the key patent owners/applicants.
More Information
New Title Geothermal Power Generation Market – Growth Opportunities, Analysis, Forecast, Global, 2022
New Subtitle Advanced closed-loop and enhanced geothermal systems are emerging as key disruptive technologies driving geothermal industry growth,Geothermal Power Generation,Geothermal Energy Technology,geothermal energy power plant
Author Nikhil Paranjape
Industries Energy
No Index No
Is Prebook No
Keyword 1 Geothermal Power Generation
Keyword 2 Geothermal Energy Technology
Keyword 3 geothermal energy power plant
Podcast No
WIP Number DA90-01-00-00-00