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.
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
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| 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 |
| Deliverable Type | Technology Research |
| 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 |
Breakthrough Advancements in Geothermal Energy Technology and Global Growth Opportunities
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
14-Dec-2022
Global
Technology Research