Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Geothermal Power - Global Market Size, Technology Analysis, RegulationsGlobal Geothermal Power Will Grow at a CAGR of 12.7% to 2020
By: Rajesh Gunnam The US continues to be the world leader in terms of total installed geothermal energy capacity and the generation of electric power from geothermal energy. Geothermal energy is the third largest source of renewable energy in the US, behind wind and biomass. With the introduction of federal production tax credits in 2004, the US geothermal industry began to expand. This growth in the geothermal industry in the US has led to a cumulative capacity of 3,097 MW to 2010. There is also large geothermal power potential that remains untapped. Therefore, the installed geothermal power capacity is forecast to grow at a CAGR of 14.1% during 2010-2020 to reach 11,579 MW by 2020. The capital costs associated with setting up a geothermal plant are relatively high. Moreover, it is hard to predict the potential of a given site. This is due to the expensive examination of the properties of the rock, such as permeability and hardness, and properties of the water, such as its corrosiveness. Due to these fundamental constraints, government support is of utmost importance, especially in the areas of exploration and facilitation. The US and the Philippines have already set examples for government support. Several federal agencies in the US, especially the US DoE, the Bureau of Land Management, and the US Geological Survey, are involved in designing and promoting technology support for the geothermal industry in the country. The Philippines allows private players to construct, operate and sell power to its grid through a Build-Operate- For Sample Pages, please click or add the below link to your browser: http://www.globaldata.com/ Flash is the most developed and commonly used technology. It is followed by dry steam and binary technology. In 2010, flash technology accounted for 62.7% of the total installed capacity. Flash plants are common and are found in most countries with geothermal capacity, including the US, the Philippines, Indonesia, Mexico, Italy and Iceland. Flash technology is most intensively used in the Philippines, Indonesia, Italy, New Zealand and Japan. “Geothermal Power - Global Market Size, Technology Analysis, Regulations and Key Country Analysis to 2020” is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the global geothermal power market. The research provides an understanding of the technology, key drivers and challenges in the global geothermal power market. It also provides historical and forecast data to 2020 for installed capacity and power generation. The report provides detailed cost analysis for geothermal power and market segmentation by technology type globally and in major countries. The report analyses geothermal power initiatives with policy framework in key countries such as the US, Philippines, Indonesia, Mexico, Italy and Iceland. The research provides major geothermal fields (active and upcoming) and analysis on key stakeholders in major markets. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts. For further details, please click or add the below link to your browser: http://www.globaldata.com/ Visit our report store: http://www.globaldata.com/ For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: # # # GlobalData is a global market intelligence services company providing information research and analysis products and services. End
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Account Phone Number