Geothermal Turbines Market Size,
Drivers, Opportunities, Top Companies,
Trends, Challenges, & Forecast 2025
“Rapid surge in market is credited to the rising importance
towards renewable energy generation technologies. Rising
crude oil prices and exhaustion of fossil fuel reserves are the
major factors driving governments to promote use of renewable
energy generation technologies in the past few years.”
The Global Geothermal Turbines Market is expected to display higher growth rate over the next five years. Rapid
surge in market is credited to the rising importance towards renewable energy generation technologies. Rising crude
oil prices and exhaustion of fossil fuel reserves are the major factors driving governments to promote use of renewable
energy generation technologies in the past few years. Globally, market is predicted to generate massive revenue over
next five years, providing numerous opportunities for industry participants to invest in research and development of
geothermal turbines market.
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Electricity generation from renewable resources is gaining prominence from domestic as well as commercial sector,
thereby lowering overall carbon footprint across the globe. Use of renewable fuel to limit greenhouse gas emissions
and diversify the energy mix are the key industry trend associated with geothermal turbines market. Rising energy
demands, particularly from emerging economies across the globe has stirred the massive investment by government
as well as businesses for renewable energy generation, in the past few years.
Geothermal turbine that are increasingly adopted in power plants uses hydrothermal resources. The hydrothermal
resources consists of both water (hydro) and heat (thermal). Geothermal power plants are established either on dry