Geothermal Power Generation Market Share 2013 - 2019

Transparency Market

Research

Geothermal Power Generation Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2013 - 2019

Published Date

28-May-2014

147 Page Report

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Press Release

Geothermal Power Generation Market to Grow at 23.58% CAGR

due to Reduced Rate of Resource Development

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Geothermal Power Generation Market

REPORT DESCRIPTION

Geothermal Power Generation Market - Global Industry Analysis, Size, Share, Growth, Trends

and Forecast 2013 - 2019

The global geothermal power generation market was estimated at US$2.5 billion in 2013. It is growing at

an impressive CAGR of 23.58% from 2013 to 2019 and is anticipated to reach US$8.9 billion in 2019.As per

the TMR report, energy derived from the existing heat in the crust of the earth is known as geothermal

energy. This type of energy is utilized for two major purposes, which are direct use and power generation.

Geothermal power is distinctively the only form of renewable electricity that is capable of acquiring supply

base load and high capacity utilization. Due to this, geothermal power has acquired an exclusive market

position, enabling it to run parallel with other nonconventional and conventional sources for power

generation.

Browse Geothermal Power Generation Market Report with Full TOC at

http://www.transparencymarketresearch.com/geothermal-energy-market.html

Favorable policies, namely tariffs feeds, certificates for renewable energy, and soft loans for development

of geothermal resources, are the key drivers of this industry. On the other hand, stringent laws for

environmental protection, laws for land ownership, and regulations for controlling groundwater pollution

may restrain the sector’s development. According to this TMR report, the...