Home / Businesswire / Geothermal Drilling Market for Power Generation will Showcase Negative Impact During 2020-2024 | Rising Demand for Energy to Boost Market Growth | Technavio

Geothermal Drilling Market for Power Generation will Showcase Negative Impact During 2020-2024 | Rising Demand for Energy to Boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#GeothermalDrillingMarketForPowerGeneration–Technavio has been monitoring the geothermal drilling market for power generation and it is poised to grow by USD 244.99 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Baker Hughes Co., Deep Rock Manufacturing Co., Fraste Spa, Geotech Drilling Services Ltd., Halliburton Co., Huisman Equipment BV, KCA Deutag Alpha Ltd., Marton Geotechnical Services Ltd., Ormat Technologies Inc., and Schlumberger Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Rising demand for energy has been instrumental in driving the growth of the market.

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Geothermal Drilling Market 2020-2024: Segmentation

Geothermal Drilling Market is segmented as below:

  • Application

    • Binary Plants
    • Steam Plants
  • Geographic Landscape

    • Europe
    • APAC
    • North America
    • South America
    • MEA

Geothermal Drilling Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The geothermal drilling market report covers the following areas:

  • Geothermal Drilling Market Size
  • Geothermal Drilling Market Trends
  • Geothermal Drilling Market Industry Analysis

This study identifies the need for efficient use of resources and reduction of emissions as one of the prime reasons driving the growth of the Geothermal Drilling Market for Power Generation during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Geothermal Drilling Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist geothermal drilling market growth for power generation during the next five years
  • Estimation of the geothermal drilling market size for power generation and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the geothermal drilling market for power generation
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vendors in geothermal drilling market for power generation

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Binary plants – Market size and forecast 2019-2024
  • Steam plants – Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Baker Hughes Co.
  • Deep Rock Manufacturing Co.
  • Fraste Spa
  • Geotech Drilling Services Ltd.
  • Halliburton Co.
  • Huisman Equipment BV
  • KCA Deutag Alpha Ltd.
  • Marton Geotechnical Services Ltd.
  • Ormat Technologies Inc.
  • Schlumberger Ltd.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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