steam wells or from hot water wells. Hydrothermal resources consist of hot water or steam and powers a geothermal
turbine that generates electricity.
Increasing expansion of existing power plants and rising number of forthcoming geothermal projects are anticipated
to create several revenue option for industry participants until the end of the forecast period. In addition, recent
technological advancements coupled with manifestation of several geothermal reserves, particularly in the North
America and East Asia region are estimated to further complement the industry growth. However, presence of policy
barriers and insufficient transmission infrastructure are key challenges for market expansion.
The geothermal turbines market is broadly categorized into major three segments based on the application type such
as dry steam plants, flash steam plants and binary cycle power plants. Flash steam plants segment is growing rapidly
in the market with substantial revenue generation in the last few years. Growing popularity of geothermal turbines in
flash steam plants segment is attributed to the cost advantage and higher market penetration.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in implementation of latest technologies in energy generation
sector, surge in number of research & development activities in the region and existence of well-established industrial
infrastructure. In European region, Germany, France and United Kingdom are projected to witness steady growth due
the favorable government policies and presence of adequate transmission infrastructure.
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Asia-Pacific region is estimated to hold a major share in the geothermal turbines industry with massive growth in
forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic
growth, rising crude oil prices, increasing energy demands, several government initiative to promote use of renewable
energy, and significant investment by leading industry players considering potential growth opportunities in the
region.
The key players in the geothermal turbines market are Calpine Corp., Enel Green Power North America Inc., Gradient
Resources, Inc., Berkshire Hathaway Energy Co., Terra-Gen Power LLC, U.S. Geothermal, Inc., Toshiba International
Co., EthosEnergy Group Ltd., and ThermaSource LLC.
Market Segment:
The following manufacturers are covered in this report:
• Ansaldo Energia
• Fuji Electric