USA: Industry’s Depth of Experience Should Position Geothermal Exporters for Success Internationally

2016 Top Markets Report - Renewable Energy (U.S. Department of Commerce, International Trade Administration)

A Market Assessment Tool for U.S. Exporters

This Top Markets Report provides analysis on key trends, areas of opportunity, and important challenges that exporters need to know in order to compete effectively in foreign markets. It offers projections for potential exports in the 2016-2017 time frame, as well as eight country case studies from a variety of geographic regions (Brazil, Canada, Chile, China, India, Mexico, Japan, and South Africa) with more in-depth information.

The report, which builds on earlier versions published in 2014 and 2015, includes rankings of 74 different markets, as well as subsector-specific projections. This report provides useful context in which to view export opportunities in a changing world, offering commentary on how exporters can best leverage the trade policy and export promotion tools offered by the U.S. Government. The report is meant to provide context to global markets over the near-term, helping exporters compare international opportunities.

The United States has long been the world’s leading user of geothermal power. Most U.S. firms, however, have looked abroad for export opportunities only occasionally. In recent years, domestic policy uncertainty slowed growth at home and new developments overseas has caused the industry to shift attention to lucrative export opportunities. While ITA expects other renewable energy sectors to deploy more technology in the near-term, the U.S. industry’s depth of experience should position geothermal exporters for success internationally.

Read More........