The global Geothermal Electric Power Generation market was valued at 6178.85 Million USD in 2020 and will grow with a CAGR of 3.87% from 2020 to 2027, based on our Researcher newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Geothermal power, namely geothermal electricity, is electricity generated by geothermal energy. Technologies in use include dry steam power stations, flash steam power stations and binary cycle power stations. Geothermal electricity generation is currently used in 24 countries.The geothermal electric power generation market growth outlook is positive with significant growth potential for electricity because of its relatively low price.There is mounting pressure to reduce costs, improve power supply and improve the efficiency of geothermal power generation.
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