Global:

Geothermal Power Generation Market is Expected to Reach USD 130 Billion in 2018 (mynewsdesk.com)

Transparency Market Research, in its latest research report states the global geothermal power generation market will grow significantly, as it was valued at US$2.5 billion in 2013, and is expected to reach a figure of US$8.9 billion by 2019.

The report, “Geothermal Power Generation Market for Dry Steam, Flash Steam, Binary Cycle Technology - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” states, that market for geothermal power generation will grow at a CAGR of 23.58%.

Geothermal power generation market is leading the energy sector in the present economy. The market positioning of geothermal power generation is impeccable as it is the only form of renewable electricity production process which can achieve high capacity utilization and supply base load. Owning to these factors the geothermal power generation market can thus compete with convention and non-conventional sources of energy.

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