Enhanced Geothermal Systems Market - A Global and Regional Analysis

Focus on Resource Type, End User, Depth, Stimulation Method, Power Station Type, Supply Chain Analysis, Country-Wise Analysis, and Impact of COVID-19 - Analysis and Forecast, 2020-2030

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A quick peek into the report

Market Report Coverage

Enhanced Geothermal Systems Market
Forecast Period: 2021-2030
CAGR During Forecast Period: 4.4%

Enhanced Geothermal Systems Market

Base Year

2020

Market Size in 2021

$920.4 Million

Forecast Period

2021-2030

Value Projection and Estimation by 2030

$1,354.2 Million

CAGR During Forecast Period

4.4%

Number of Tables

184

Number of Pages

214

Number of Figures

59

Market Segmentation

•    End User:  Commercial, Industrial

•    Resource Type: Convective Hydrothermal, Sedimentary Basin, Solidified Hot Dry Rock, Part Still Molten Magma, Geo-Pressured, Radiogenic

•    Depth: Shallow, Deep

•    Power Station Type: Dry Steam Power Stations, Flash Steam Power Stations, Binary Cycle Power Stations

•    Stimulation Method: Hydraulic, Chemical, Thermal, Explosive

Regional Segmentation

•    North America: U.S., and Mexico

•    Europe: Germany, Russia, Italy, and Rest-of-Europe

•    U.K.

•    China

•    Asia-Pacific and Japan: Japan, Indonesia, Philippines, New Zealand, and Rest-of-Asia-Pacific

•    Rest-of-the-World (RoW)

Market Growth Drivers

•    Reliable Technology to Produce Continuous Baseload Power

•    Rise in Energy Demand Due to Increase in Population and Rapid Industrialization

•    Emission Reduction along with Energy Security

•    Reliable and Controllable Source of Power

Market Challenges

•    Risks Associated with Exploratory Drilling

•    Induced Seismicity

•    High Gestation Period for the Plants

•    High Initial Costs

Market Opportunities

•    Geothermal Development in the Country Of Africa Provides a Decent Market Opportunity

•    Geothermal Plants Combined with Natural Gas Power Plants

•    Improving the Efficiency of the Current Generating Sites

•    Huge Projects in Indonesia and the Philippines Presents a Market Opportunity to Tap Into

Key Companies Profiled

Enel SpA, Ormat Technologies, Inc., AltaRock Energy, Inc., Royal Dutch Shell Plc, Kenya Electricity Generating Company Limited, BESTEC GmbH, SA Géothermie Bouillante, Fuji Electric Co., Ltd., Calpine Corporation, Energy Development Corporation, Mitsubishi Heavy Industries, Ltd, Toshiba Corporation, Ansaldo Energia S.p.A., Siemens AG

How This Report Can Add Value

Extensive competitive benchmarking of top 15 players offering a holistic view of the global EGS market landscape

This extensive report can help with:

•    A dedicated section focusing on startup landscape in enhanced geothermal system market covering key startup in the ecosystem, funding analysis, major and top investors in the industry
•    Extensive competitive benchmarking of top 15 players offering a holistic view of the global enhanced geothermal system market landscape
•    Qualitative and quantitative analysis of enhanced geothermal system market at the region and country-level and granularity by application and product segments 
•    A detailed plant-level analysis covering all the EGS plants around the world along with EGS plants that are under development. The following aspects of plants are covered in detail:
        a.    Power Station Type Used
        b.    Rock Structure Analysis
        c.    Geographical requirements
        d.    Depth and other suitable requirements

Product/Innovation Strategy: The product segment helps the readers in understanding the different types of components and technologies used in manufacturing industries across the globe. Also, the study provides the readers with a detailed understanding of the enhanced geothermal system market by application and product.

Key Questions Answered in the Report

•  What are the driving factors for the global EGS market from 2020 to 2030, and which factors are impeding the growth of the global EGS market?
•  Which countries are the prime adopters of these systems, and what could be the possible market demand of EGS in renewable energy generation in different countries and regions? What are the future plans of renewable energy generation pertaining to the EGS system market?
•  Who are the major players, and what strategic measures are being taken by them to increase their presence and market share?
•  What are the key developmental strategies implemented by the key players to sustain in the competitive market?

Report Summary

The global enhanced geothermal system (EGS) market is estimated to be $1,841.4 million in 2020.

Enhanced Geothermal Systems

Geothermal energy is the thermal energy in the Earth's crust that originates from the formation of the planet and radioactive decay of materials in currently uncertain but possibly roughly equal proportions. A geothermal resource requires fluid, heat, and permeability to generate electricity:

•    Fluid - Sufficient fluid must exist naturally or be pumped into the reservoir.
•    Heat - The Earth's temperature naturally increases with depth and varies based on geographic location. 
•    Permeability - In order to access heat, the fluid must come into contact with the heated rock, either via natural fractures or through stimulating the rock.

Conventional hydrothermal resources contain all three elements naturally. Increasingly, however, at places where no natural geothermal resources in the form of steam or hot water exist, the heat of the rock can be used by creating artificial permeability for fluids extracting that heat. This type of geothermal system is known as enhanced geothermal system (EGS).

Enhanced Geothermal Systems Industry Overview

The global enhanced geothermal system (EGS) market is estimated to be $886.8 million in 2020. It is projected to reach a value of $1,354.2 million by 2030, at a CAGR of 4.4% during the forecast period (2021-2030).

Market Segmentation

Enhanced Geothermal Systems Market by Depth

At high depth, the temperature of the Earth’s crust increases. Additionally, with the rise in temperature, the performance of EGS plants increases exponentially. Moreover, as the well temperature increases in an EGS plant, the power price becomes competitive with other energy generating sources. Owing to these advantages, deep EGS is expected to be the fastest-growing segment, growing at a CAGR of 4.7% during the forecast period 2021-2030.

Enhanced Geothermal Systems Market by Power Station Type

Binary cycle power stations make up almost two-thirds of geothermal energy sources installed currently and are used where the water-dominated geothermal reservoirs with temperatures above 180°C are present.

Enhanced Geothermal Systems Market by End User

The Commercial sector is the largest end user of EGS generated electricity globally. In 2020, the Commercial sector had an electricity demand of 941.2 MWe through EGS plants. The commercial sector is energy-intensive sector having greater demand from end-users such as offices, supermarkets/hypermarkets, government, healthcare, hospitality, transportation, educational institutions, cold storage facilities, data centers, banks, department stores, convenience stores, and stadiums.

Enhanced Geothermal Systems Market by Region

North America is the largest market for enhanced geothermal systems globally. The U.S. is the primary area driving expansion in the North America enhanced geothermal systems market, owing to rising clean electricity demand and increasing emission-cutting policies.

Key Market Players and Competition Synopsis

Enel SpA, Ormat Technologies, Inc., AltaRock Energy, Inc., Royal Dutch Shell Plc, Kenya Electricity Generating Company Limited, BESTEC GmbH, SA Géothermie Bouillante, Fuji Electric Co., Ltd., Calpine Corporation, Energy Development Corporation, Mitsubishi Heavy Industries, Ltd, Toshiba Corporation, Ansaldo Energia S.p.A., Siemens AG

The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details of companies such as their product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the enhanced geothermal system market.

Table of Contents

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1.1    Industry Outlook
         1.1.1    Enhanced Geothermal Systems Trends: Current and Future
                     1.1.1.1    Horizontally Layered Enhanced Geothermal System
                     1.1.1.2    Developments toward Deep EGS
                     1.1.1.3    Prominence of Closed-Loop EGS
                     1.1.1.4    Technological Innovations Improving Enhanced Geothermal Power Plant Efficiencies
                     1.1.1.5    Heavy Investments and Emergence of New Start-Ups
         1.1.2    Supply Chain Analysis
         1.1.3    Ecosystem/Ongoing Programs
         1.1.4    Government Programs
         1.1.5    Regulatory Bodies, Consortiums and Associations
1.2    Market Dynamics
         1.2.1    Business Drivers
                     1.2.1.1    Reliable Technology to Produce Continuous Baseload Power
                     1.2.1.2    Rise in Energy Demand Due to Increase in Population and Rapid Industrialization
                     1.2.1.3    Emission Reduction along with Energy Security
                     1.2.1.4    Reliable and Controllable Source of Power
         1.2.2    Business Challenges
                     1.2.2.1    Risks Associated with Exploratory Drilling
                     1.2.2.2    Induced Seismicity
                     1.2.2.3    High Gestation Period for the Plants
                     1.2.2.4    High Initial Costs
         1.2.3    Business Strategies
                     1.2.3.1    Product Development
         1.2.4    Corporate Strategies
                     1.2.4.1    Contracts and Agreements
                     1.2.4.2    Mergers and Acquisitions
         1.2.5    Business Opportunities
                     1.2.5.1    Geothermal Development in the Country Of Africa Provides a Decent Market Opportunity
                     1.2.5.2    Geothermal Plants Combined with Natural Gas Power Plants
                     1.2.5.3    Improving the Efficiency of the Current Generating Sites
                     1.2.5.4    Huge Projects in Indonesia and the Philippines Presents a Market Opportunity to Tap Into

2.1    Global Enhanced Geothermal Systems Market - Application and Specification
         2.1.1    Global Enhanced Geothermal Systems Market (by End User)
                     2.1.1.1    Commercial
                     2.1.1.2    Industrial
         2.1.2    Global Enhanced Geothermal Systems Market (by Resource Type)
                     2.1.2.1    Convective Hydrothermal
                     2.1.2.2    Sedimentary Basin
                     2.1.2.3    Solidified Hot Dry Rock
                     2.1.2.4    Part Still Molten Magma
                     2.1.2.5    Geo-Pressured
                     2.1.2.6    Radiogenic
2.2    Demand Analysis of Global Enhanced Geothermal Systems Market (by Resource Type)
         2.2.1    Convective Hydrothermal
         2.2.2    Sedimentary Basin
         2.2.3    Solidified Hot Dry Rock
         2.2.4    Part Still Molten Magma
         2.2.5    Geo-Pressured
         2.2.6    Radiogenic
2.3    Demand Analysis of Enhanced Geothermal Systems Market (by End User)
         2.3.1    Commercial
         2.3.2    Industrial

3.1    Global Enhanced Geothermal Systems Market - Product and Specifications
         3.1.1    Market Product and Specification Based on Power Station Type
                     3.1.1.1    Dry Steam Power Stations
                     3.1.1.2    Flash Steam Power Stations
                     3.1.1.3    Binary Cycle Power Stations
         3.1.2    Market Product and Specification Based on Depth
                     3.1.2.1    Shallow
                     3.1.2.2    Deep
         3.1.3    Market Product and Specification Based on Stimulation Method
                     3.1.3.1    Hydraulic
                     3.1.3.2    Chemical
                     3.1.3.3    Thermal
                     3.1.3.4    Explosive
3.2    Demand Analysis of Enhanced Geothermal Systems Market (by Depth)
         3.2.1    Shallow
         3.2.2    Deep
3.3    Demand Analysis of Enhanced Geothermal Systems Market (by Stimulation Method)
         3.3.1    Hydraulic
         3.3.2    Chemical
         3.3.3    Thermal
         3.3.4    Explosive
3.4    Demand Analysis of Enhanced Geothermal Systems Market (by Power Station Type)
         3.4.1    Dry Steam Power Stations
         3.4.2    Flash Steam Power Stations
         3.4.3    Binary Cycle Power Stations

4.1    North America
         4.1.1    Market
                     4.1.1.1    Key Manufacturers and Suppliers in North America
                     4.1.1.2    Business Challenges
                     4.1.1.3    Business Drivers
         4.1.2    Application
                     4.1.2.1    North America Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                     4.1.2.2    North America Enhanced Geothermal Systems Market (by End User), Volume and Value Data
         4.1.3    Product
                     4.1.3.1    North America Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                     4.1.3.2    North America Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                     4.1.3.3    North America Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
         4.1.4    North America (by Country)
                     4.1.4.1    U.S.
                                    4.1.4.1.1    Market
                                                      4.1.4.1.1.1    Overview
                                                      4.1.4.1.1.2    Key Manufacturers and Suppliers in the U.S.
                                                      4.1.4.1.1.3    Business Challenges
                                                      4.1.4.1.1.4    Business Drivers
                                                      4.1.4.1.1.5    Pricing Analysis
                                    4.1.4.1.2    Application
                                                      4.1.4.1.2.1    U.S. Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                      4.1.4.1.2.2    U.S. Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                    4.1.4.1.3    Product
                                                      4.1.4.1.3.1    U.S. Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                      4.1.4.1.3.2    U.S. Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                      4.1.4.1.3.3    U.S. Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
                     4.1.4.2    Mexico
                                    4.1.4.2.1    Market
                                                      4.1.4.2.1.1    Overview
                                                      4.1.4.2.1.2    Key Manufacturers and Suppliers in Mexico
                                                      4.1.4.2.1.3    Business Challenges
                                                      4.1.4.2.1.4    Business Drivers
                                                      4.1.4.2.1.5    Pricing Analysis
                                    4.1.4.2.2    Application
                                                      4.1.4.2.2.1    Mexico Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                      4.1.4.2.2.2    Mexico Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                    4.1.4.2.3    Product
                                                      4.1.4.2.3.1    Mexico Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                      4.1.4.2.3.2    Mexico Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                      4.1.4.2.3.3    Mexico Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
4.2    Europe
         4.2.1    Market
                     4.2.1.1    Key Manufacturers and Suppliers in Europe
                     4.2.1.2    Business Challenges
                     4.2.1.3    Business Drivers
         4.2.2    Application
                     4.2.2.1    Europe Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                     4.2.2.2    Europe Enhanced Geothermal Systems Market (by End User), Volume and Value Data
         4.2.3    Product
                     4.2.3.1    Europe Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                     4.2.3.2    Europe Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                     4.2.3.3    Europe Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
         4.2.4    Europe (by Country)
                     4.2.4.1    Germany
                                    4.2.4.1.1    Market
                                                      4.2.4.1.1.1    Overview
                                                      4.2.4.1.1.2    Key Manufacturers and Suppliers in Germany
                                                      4.2.4.1.1.3    Business Challenges
                                                      4.2.4.1.1.4    Business Drivers
                                                      4.2.4.1.1.5    Pricing Analysis
                                    4.2.4.1.2    Application
                                                      4.2.4.1.2.1    Germany Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                      4.2.4.1.2.2    Germany Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                    4.2.4.1.3    Product
                                                      4.2.4.1.3.1    Germany Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                      4.2.4.1.3.2    Germany Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                      4.2.4.1.3.3    Germany Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
                     4.2.4.2    Russia
                                    4.2.4.2.1    Market
                                                      4.2.4.2.1.1    Overview
                                    4.2.4.2.2    Markets
                                                      4.2.4.2.2.1    Key Manufacturers and Suppliers in Russia
                                                      4.2.4.2.2.2    Business Challenges
                                                      4.2.4.2.2.3    Business Drivers
                                                      4.2.4.2.2.4    Pricing Analysis
                                    4.2.4.2.3    Application
                                                      4.2.4.2.3.1    Russia Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                      4.2.4.2.3.2    Russia Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                    4.2.4.2.4    Product
                                                      4.2.4.2.4.1    Russia Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                      4.2.4.2.4.2    Russia Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                      4.2.4.2.4.3    Russia Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
                     4.2.4.3    Italy
                                    4.2.4.3.1    Market
                                                      4.2.4.3.1.1    Overview
                                                      4.2.4.3.1.2    Key Manufacturers and Suppliers in Italy
                                                      4.2.4.3.1.3    Business Challenges
                                                      4.2.4.3.1.4    Business Drivers
                                                      4.2.4.3.1.5    Pricing Analysis
                                    4.2.4.3.2    Application
                                                      4.2.4.3.2.1    Italy Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                      4.2.4.3.2.2    Italy Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                    4.2.4.3.3    Product
                                                      4.2.4.3.3.1    Italy Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                      4.2.4.3.3.2    Italy Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                      4.2.4.3.3.3    Italy Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
                     4.2.4.4    Rest-of-Europe
                                    4.2.4.4.1    Market
                                                      4.2.4.4.1.1    Overview
                                                      4.2.4.4.1.2    Key Manufacturers and Suppliers in Rest-of-Europe
                                                      4.2.4.4.1.3    Business Challenges
                                                      4.2.4.4.1.4    Business Drivers
                                                      4.2.4.4.1.5    Pricing Analysis
                                    4.2.4.4.2    Application
                                                      4.2.4.4.2.1    Rest-of-Europe Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                      4.2.4.4.2.2    Rest-of-Europe Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                    4.2.4.4.3    Product
                                                      4.2.4.4.3.1    Rest-of-Europe Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                      4.2.4.4.3.2    Rest-of-Europe Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                      4.2.4.4.3.3    Rest-of-Europe Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
4.3    Asia-Pacific and Japan (APJ)
        4.3.1    Market
                    4.3.1.1    Key Manufacturers and Suppliers in the Asia-Pacific and Japan
                    4.3.1.2    Business Challenges
                    4.3.1.3    Business Drivers
        4.3.2    Application
                    4.3.2.1    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                    4.3.2.2    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by End User), Volume and Value Data
        4.3.3    Product
                    4.3.3.1    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                    4.3.3.2    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                    4.3.3.3    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
        4.3.4    Asia-Pacific and Japan (by Country)
                    4.3.4.1    Japan
                                   4.3.4.1.1    Market
                                                     4.3.4.1.1.1    Overview
                                                     4.3.4.1.1.2    Key Manufacturers and Suppliers in Japan
                                                     4.3.4.1.1.3    Business Challenges
                                                     4.3.4.1.1.4    Business Drivers
                                                     4.3.4.1.1.5    Pricing Analysis
                                   4.3.4.1.2    Application
                                                     4.3.4.1.2.1    Japan Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                     4.3.4.1.2.2    Japan Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                   4.3.4.1.3    Product
                                                     4.3.4.1.3.1    Japan Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                     4.3.4.1.3.2    Japan Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                     4.3.4.1.3.3    Japan Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
                    4.3.4.2    Indonesia
                                   4.3.4.2.1    Market
                                                     4.3.4.2.1.1    Overview
                                                     4.3.4.2.1.2    Key Manufacturers and Suppliers in Indonesia
                                                     4.3.4.2.1.3    Business Challenges
                                                     4.3.4.2.1.4    Business Drivers
                                                     4.3.4.2.1.5    Pricing Analysis
                                   4.3.4.2.2    Application
                                                     4.3.4.2.2.1    Indonesia Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                     4.3.4.2.2.2    Indonesia Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                   4.3.4.2.3    Product
                                                     4.3.4.2.3.1    Indonesia Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                     4.3.4.2.3.2    Indonesia Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                     4.3.4.2.3.3    Indonesia Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
                    4.3.4.3    Philippines
                                   4.3.4.3.1    Market
                                                     4.3.4.3.1.1    Overview
                                                     4.3.4.3.1.2    Key Manufacturers and Suppliers in the Philippines
                                                     4.3.4.3.1.3    Business Challenges
                                                     4.3.4.3.1.4    Business Drivers
                                                     4.3.4.3.1.5    Pricing Analysis
                                   4.3.4.3.2    Application
                                                     4.3.4.3.2.1    Philippines Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                     4.3.4.3.2.2    Philippines Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                   4.3.4.3.3    Product
                                                     4.3.4.3.3.1    Philippines Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                     4.3.4.3.3.2    Philippines Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                     4.3.4.3.3.3    Philippines Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
                    4.3.4.4    New Zealand
                                   4.3.4.4.1    Market
                                                     4.3.4.4.1.1    Overview
                                                     4.3.4.4.1.2    Key Manufacturers and Suppliers in New Zealand
                                                     4.3.4.4.1.3    Business Challenges
                                                     4.3.4.4.1.4    Business Drivers
                                                     4.3.4.4.1.5    Pricing Analysis
                                   4.3.4.4.2    Application
                                                     4.3.4.4.2.1    New Zealand Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                     4.3.4.4.2.2    New Zealand Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                   4.3.4.4.3    Product
                                                     4.3.4.4.3.1    New Zealand Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                     4.3.4.4.3.2    New Zealand Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                     4.3.4.4.3.3    New Zealand Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
                    4.3.4.5    Rest-of-Asia-Pacific
                                   4.3.4.5.1    Market
                                                     4.3.4.5.1.1    Overview
                                                     4.3.4.5.1.2    Key Manufacturers and Suppliers in the Rest-of-Asia-Pacific
                                                     4.3.4.5.1.3    Business Challenges
                                                     4.3.4.5.1.4    Business Drivers
                                                     4.3.4.5.1.5    Pricing Analysis
                                   4.3.4.5.2    Application
                                                     4.3.4.5.2.1    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                                                     4.3.4.5.2.2    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by End User), Volume and Value Data
                                   4.3.4.5.3    Product
                                                     4.3.4.5.3.1    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                                                     4.3.4.5.3.2    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                                                     4.3.4.5.3.3    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
4.4    China
         4.4.1    Market
                     4.4.1.1    Overview
                     4.4.1.2    Key Manufacturers and Suppliers in China
                     4.4.1.3    Business Challenges
                     4.4.1.4    Business Drivers
                                    4.4.1.4.1.1    Pricing Analysis
         4.4.2    Application
                     4.4.2.1    China Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                     4.4.2.2    China Enhanced Geothermal Systems Market (by End User), Volume and Value Data
         4.4.3    Product
                     4.4.3.1    China Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                     4.4.3.2    China Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                     4.4.3.3    China Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data
4.5    Rest-of-the-World (RoW)
         4.5.1    Market
                     4.5.1.1    Overview
                     4.5.1.2    Key Manufacturers and Suppliers in Rest-of-the-World
                     4.5.1.3    Business Challenges
                     4.5.1.4    Business Drivers
                                    4.5.1.4.1    Pricing Analysis
         4.5.2    Application
                     4.5.2.1    RoW Enhanced Geothermal Systems Market (by Resource Type), Volume and Value Data
                     4.5.2.2    RoW Enhanced Geothermal Systems Market (by End User), Volume and Value Data
         4.5.3    Product
                     4.5.3.1    RoW Enhanced Geothermal Systems Market (by Depth), Volume and Value Data
                     4.5.3.2    RoW Enhanced Geothermal Systems Market (by Stimulation Method), Volume and Value Data
                     4.5.3.3    RoW Enhanced Geothermal Systems Market (by Power Station Type), Volume and Value Data

5.1    Plant Level Analysis
5.2    Company Profiles
         5.2.1    Enel SpA
                     5.2.1.1    Company Overview
                                    5.2.1.1.1    Product Portfolio
                                    5.2.1.1.2    R&D Analysis
                     5.2.1.2    Corporate Strategies
                                    5.2.1.2.1    Contracts and Agreements
                                    5.2.1.2.2    Mergers and Acquisitions
                     5.2.1.3    Competitive Position
                                    5.2.1.3.1    Strengths of the Company
                                    5.2.1.3.2    Weakness of the Company
         5.2.2    Ormat Technologies, Inc.
                     5.2.2.1    Company Overview
                                    5.2.2.1.1    Product Portfolio
                                    5.2.2.1.2    R&D Analysis
                     5.2.2.2    Corporate Strategies
                                    5.2.2.2.1    Contracts and Agreements
                                    5.2.2.2.2    Mergers & Acquisitions
                     5.2.2.3    Competitive Position
                                    5.2.2.3.1    Strengths of the Company
                                    5.2.2.3.2    Weakness of the Company
         5.2.3    AltaRock Energy, Inc.
                     5.2.3.1    Company Overview
                                    5.2.3.1.1    Product Portfolio
                     5.2.3.2    Business Strategies
                                    5.2.3.2.1    AltaRock Energy, Inc.: Product Development
                     5.2.3.3    Competitive Position
                                    5.2.3.3.1    Strength of the Company
                                    5.2.3.3.2    Weakness of the Company
         5.2.4    Royal Dutch Shell Plc
                     5.2.4.1    Company Overview
                                    5.2.4.1.1    Product Portfolio
                                    5.2.4.1.2    R&D Analysis
                     5.2.4.2    Competitive Position
                                    5.2.4.2.1    Strengths of the Company
                                    5.2.4.2.2    Weakness of the Company
         5.2.5    Kenya Electricity Generating Company Limited
                     5.2.5.1    Company Overview
                                    5.2.5.1.1    Product Portfolio
                     5.2.5.2    Business Strategies
                                    5.2.5.2.1    Kenya Electricity Generating Company Limited: Product Development
                                    5.2.5.2.2    Kenya Electricity Generating Company Limited: Market Development
                     5.2.5.3    Competitive Position
                                    5.2.5.3.1    Strengths of the company
                                    5.2.5.3.2    Weakness of the company
         5.2.6    BESTEC GmbH
                     5.2.6.1    Company Overview
                                    5.2.6.1.1    Product Portfolio
                     5.2.6.2    Business Strategies
                                    5.2.6.2.1    BESTEC GmbH: Product Development
                     5.2.6.3    Corporate Strategies
                                    5.2.6.3.1    BESTEC GmbH: Partnerships and Collaborations
                     5.2.6.4    Competitive Position
                                    5.2.6.4.1    Strength of the company
                                    5.2.6.4.2    Weakness of the company
         5.2.7    SA Géothermie Bouillante
                     5.2.7.1    Company Overview
                                    5.2.7.1.1    Product Portfolio
                     5.2.7.2    Business Strategies
                                    5.2.7.2.1    Product Development
                     5.2.7.3    Competitive Position
                                    5.2.7.3.1    Strength of the company
                                    5.2.7.3.2    Weakness of the company
         5.2.8    Fuji Electric Co., Ltd.
                     5.2.8.1    Company Overview
                                    5.2.8.1.1    Product Portfolio
                                    5.2.8.1.2    R&D Analysis
                     5.2.8.2    Business Strategies
                                    5.2.8.2.1    Fuji Electric Co., Ltd.: Product Development
                     5.2.8.3    Competitive Position
                                    5.2.8.3.1    Strengths of the company
                                    5.2.8.3.2    Weakness of the company
          5.2.9    Calpine Corporation
                      5.2.9.1    Company Overview
                      5.2.9.2    Product Portfolio
                      5.2.9.3    Business Strategies
                                    5.2.9.3.1    Calpine Corporation: Market Development
                     5.2.9.4    Corporate Strategies
                                    5.2.9.4.1    Calpine Corporation: Partnerships, Joint Ventures, Collaborations, and Alliances
                    5.2.9.5    Competitive Position
                                    5.2.9.5.1    Strengths of the Company
                                    5.2.9.5.2    Weakness of the Company
     5.2.10    Energy Development Corporation
                   5.2.10.1    Company Overview
                   5.2.10.2    Product Portfolio
                   5.2.10.3    Corporate Strategies
                                    5.2.10.3.1    Energy Development Corporation (EDC): Contracts and Agreements
                   5.2.10.4    Competitive Position
                                    5.2.10.4.1    Strength of the Company
                                    5.2.10.4.2    Weakness of the Company
     5.2.11    Mitsubishi Heavy Industries, Ltd
                   5.2.11.1    Company Overview
                                    5.2.11.1.1    Product Portfolio
                                    5.2.11.1.2    R&D Analysis
                   5.2.11.2    Corporate Strategies
                                    5.2.11.2.1    Mitsubishi Heavy Industries, Ltd: Partnerships and Collaborations
                   5.2.11.3    Competitive Position
                                    5.2.11.3.1    Strengths of the Company
                                    5.2.11.3.2    Weakness of the Company
     5.2.12    Toshiba Corporation
                   5.2.12.1    Company Overview
                                    5.2.12.1.1    Product Portfolio
                                    5.2.12.1.2    R&D Analysis
                   5.2.12.2    Corporate Strategies
                                    5.2.12.2.1    Contracts and Agreements
                   5.2.12.3    Competitive Position
                                    5.2.12.3.1    Strengths of the Company
                                    5.2.12.3.2    Weakness of the Company
     5.2.13    Ansaldo Energia S.p.A.
                   5.2.13.1    Company Overview
                                    5.2.13.1.1    Product Portfolio
                                    5.2.13.1.2    R&D Analysis
                   5.2.13.2    Competitive Position
                                    5.2.13.2.1    Strength of the Company
                                    5.2.13.2.2    Weakness of the Company
     5.2.14    Siemens AG
                   5.2.14.1    Company Overview
                                    5.2.14.1.1    Product Portfolio
                                    5.2.14.1.2    R&D Analysis
                   5.2.14.2    Competitive Position
                                    5.2.14.2.1    Strengths of the Company
                                    5.2.14.2.2    Weakness of the Company

6.1    Data Sources
         6.1.1    Primary Data Sources
         6.1.2    Secondary Data Sources
6.2    Market Estimation and Forecasting
         6.2.1    Top-Down and Bottom-Up Approach
         6.2.2    Assumptions and Limitations

Table 1:    Enhanced Geothermal Systems Market Overview
Table 2:    Deep EGS Ongoing Projects
Table 3:    Emerging Start-Ups
Table 4:    Government Programs for EGS systems around the Globe
Table 5:    Global Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 6:    Global Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 7:    Global Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 8:    Global Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 9:    Global Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 10:    Global Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 11:    Global Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 12:    Global Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 13:    Global Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 14:    Global Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 15:    Global Enhanced Geothermal Systems Market (by Region), MWe, 2020-2030
Table 16:    Global Enhanced Geothermal Systems Market (by Region), $Million, 2020-2030
Table 17:    North America Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 18:    North America Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 19:    North America Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 20:    North America Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 21:    North America Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 22:    North America Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 23:    North America Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 24:    North America Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 25:    North America Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 26:    North America Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 27:    U.S. Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 28:    U.S. Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 29:    U.S. Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 30:    U.S. Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 31:    U.S. Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 32:    U.S. Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 33:    U.S. Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 34:    U.S. Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 35:    U.S. Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 36:    U.S. Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 37:    Mexico Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 38:    Mexico Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 39:    Mexico Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 40:    Mexico Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 41:    Mexico Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 42:    Mexico Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 43:    Mexico Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 44:    Mexico Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 45:    Mexico Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 46:    Mexico Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 47:    Europe Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 48:    Europe Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 49:    Europe Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 50:    Europe Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 51:    Europe Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 52:    Europe Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 53:    Europe Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 54:    Europe Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 55:    Europe Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 56:    Europe Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 57:    Germany Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 58:    Germany Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 59:    Germany Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 60:    Germany Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 61:    Germany Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 62:    Germany Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 63:    Germany Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 64:    Germany Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 65:    Germany Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 66:    Germany Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 67:    Russia Enhanced Geothermal Systems Market (by Resource Type), Mwe, 2020-2030
Table 68:    Russia Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 69:    Russia Enhanced Geothermal Systems Market (by End User), Mwe, 2020-2030
Table 70:    Russia Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 71:    Russia Enhanced Geothermal Systems Market (by Depth), Mwe, 2020-2030
Table 72:    Russia Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 73:    Russia Enhanced Geothermal Systems Market (by Stimulation Method), Mwe, 2020-2030
Table 74:    Russia Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 75:    Russia Enhanced Geothermal Systems Market (by Power Station Type), Mwe, 2020-2030
Table 76:    Russia Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 77:    Italy Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 78:    Italy Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 79:    Italy Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 80:    Italy Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 81:    Italy Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 82:    Italy Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 83:    Italy Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 84:    Italy Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 85:    Italy Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 86:    Italy Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 87:    Rest-of-Europe Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 88:    Rest-of-Europe Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 89:    Rest-of-Europe Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 90:    Rest-of-Europe Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 91:    Rest-of-Europe Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 92:    Rest-of-Europe Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 93:    Rest-of-Europe Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 94:    Rest-of-Europe Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 95:    Rest-of-Europe Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 96:    Rest-of-Europe Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 97:    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 98:    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 99:    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 100:    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 101:    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 102:    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 103:    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 104:    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 105:    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 106:    Asia-Pacific and Japan Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 107:    Japan Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 108:    Japan Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 109:    Japan Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 110:    Japan Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 111:    Japan Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 112:    Japan Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 113:    Japan Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 114:    Japan Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 115:    Japan Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 116:    Japan Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 117:    Indonesia Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 118:    Indonesia Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 119:    Indonesia Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 120:    Indonesia Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 121:    Indonesia Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 122:    Indonesia Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 123:    Indonesia Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 124:    Indonesia Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 125:    Indonesia Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 126:    Indonesia Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 127:    Philippines Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 128:    Philippines Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 129:    Philippines Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 130:    Philippines Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 131:    Philippines Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 132:    Philippines Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 133:    Philippines Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 134:    Philippines Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 135:    Philippines Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 136:    Philippines Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 137:    New Zealand Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 138:    New Zealand Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 139:    New Zealand Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 140:    New Zealand Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 141:    New Zealand Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 142:    New Zealand Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 143:    New Zealand Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 144:    New Zealand Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 145:    New Zealand Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 146:    New Zealand Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 147:    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 148:    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 149:    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 150:    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 151:    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 152:    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 153:    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 154:    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 155:    Rest of Asia-Pacific Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 156:    Rest-of-Asia-Pacific Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 157:    China Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 158:    China Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 159:    China Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 160:    China Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 161:    China Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 162:    China Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 163:    China Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 164:    China Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 165:    China Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 166:    China Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 167:    RoW Enhanced Geothermal Systems Market (by Resource Type), MWe, 2020-2030
Table 168:    RoW Enhanced Geothermal Systems Market (by Resource Type), $Million, 2020-2030
Table 169:    RoW Enhanced Geothermal Systems Market (by End User), MWe, 2020-2030
Table 170:    RoW Enhanced Geothermal Systems Market (by End User), $Million, 2020-2030
Table 171:    RoW Enhanced Geothermal Systems Market (by Depth), MWe, 2020-2030
Table 172:    RoW Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Table 173:    RoW Enhanced Geothermal Systems Market (by Stimulation Method), MWe, 2020-2030
Table 174:    RoW Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Table 175:    RoW Enhanced Geothermal Systems Market (by Power Station Type), MWe, 2020-2030
Table 176:    RoW Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Table 177:    Ongoing EGS Projects under R&D
Table 178:    Ongoing EGS Projects (R&D and Commercial) Generating Electricity
Table 179:    Enhanced Geothermal Projects Generating Electricity
Table 180:    Enel SpA: Contracts and Agreements
Table 181:    Enel SpA: Mergers and Acquisitions
Table 182:    Ormat Technologies, Inc.: Contracts and Agreements
Table 183:    Ormat Technologies, Inc.: Mergers & Acquisitions
Table 184:    Contracts and Agreements

Figure 1:    Global Enhanced Geothermal Systems Market Overview, $Million and Megawatt Electric (MWe), 2020-2030
Figure 2:    Enhanced Geothermal Systems Market (by Depth), $Million, 2020-2030
Figure 3:    Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Figure 4:    Enhanced Geothermal Systems Market (by Stimulation Method), $Million, 2020-2030
Figure 5:    Enhanced Geothermal Systems Market (by Power Station Type), $Million, 2020-2030
Figure 6:    Global Enhanced Geothermal Systems Market (by Region), $Million, 2020
Figure 7:    Global Enhanced Geothermal Systems Market Coverage
Figure 8:    Supercritical Cycle and Steam Cycle Temperature-Entropy Chart Comparison
Figure 9:    Supply Chain Analysis of Enhanced Geothermal Systems Market
Figure 10:    Global Enhanced Geothermal Systems Market Dynamics
Figure 11:    Risks Involved in a Typical Geothermal Project
Figure 12:    Key Business Strategies, 2018-2021
Figure 13:    Product Development (by Company), 2018-2021
Figure 14:    Key Corporate Strategies (by Company), 2018-2021
Figure 15:    Contracts and Agreements (by Company), 2018-2021
Figure 16:    Mergers and Acquisitions (by Company), 2018-2021
Figure 17:    Global Enhanced Geothermal Systems Market (by Application)
Figure 18:    Global Convective Hydrothermal EGS Market, $Million and MWe, 2020-2030
Figure 19:    Global Sedimentary Basin EGS Market, $Million and MWe, 2020-2030
Figure 20:    Global Solidified Hot Dry Rock EGS Market, $Million and MWe, 2020-2030
Figure 21:    Global Part Still Molten Magma EGS Market, $Million and MWe, 2020-2030
Figure 22:    Global Geo-Pressured EGS Market, $Million and MWe, 2020-2030
Figure 23:    Global Radiogenic EGS Market, $Million and MWe, 2020-2030
Figure 24:    Global Commercial EGS Market, $Million and MWe, 2020-2030
Figure 25:    Globa Industrial EGS Market, $Million and MWe, 2020-2030
Figure 26:    Global Enhanced Geothermal Systems Market (by Product)
Figure 27:    Global Shallow EGS Market, $Million and MWe, 2020-2030
Figure 28:    Global Deep EGS Market, $Million and MWe, 2020-2030
Figure 29:    Global Hydraulic EGS Market, $Million and MWe, 2020-2030
Figure 30:    Global Chemical EGS Market, $Million and MWe, 2020-2030
Figure 31:    Global Thermal EGS Market, $Million and MWe, 2020-2030
Figure 32:    Global Explosive EGS Market, $Million and MWe, 2020-2030
Figure 33:    Global Dry Steam Power Stations EGS Market, $Million and MWe, 2020-2030
Figure 34:    Global Flash Steam Power Stations EGS Market, $Million and MWe, 2020-2030
Figure 35:    Global Binary Cycle Power Stations EGS Market, $Million and MWe, 2020-2030
Figure 36:    Levelized Cost of Electricity (LCOE) for EGS in the U.S.
Figure 37:    Levelized Cost of Electricity (LCOE) for EGS in Mexico
Figure 38:    Levelized Cost of Electricity (LCOE) for EGS in Germany
Figure 39:    Levelized Cost of Electricity (LCOE) for EGS in Russia
Figure 40:    Levelized Cost of Electricity (LCOE) for EGS in Italy
Figure 41:    Levelized Cost of Electricity (LCOE) for EGS in Rest-of-Europe
Figure 42:    Levelized Cost of Electricity (LCOE) for EGS in Japan
Figure 43:    Levelized Cost of Electricity (LCOE) for EGS in Indonesia
Figure 44:    Levelized Cost of Electricity (LCOE) for EGS in the Philippines
Figure 45:    Levelized Cost of Electricity (LCOE) for EGS in New Zealand
Figure 46:    Levelized Cost of Electricity (LCOE) for EGS in the Rest-of-Asia-Pacific
Figure 47:    Levelized Cost of Electricity (LCOE) for EGS in China
Figure 48:    Levelized Cost of Electricity (LCOE) for EGS in RoW
Figure 49:    Enel SpA: R&D Expenditure, $Million, 2018-2020
Figure 50:    Ormat Technologies, Inc.: R&D Expenditure, $Million, 2018-2020
Figure 51:    Royal Dutch Shell Plc: R&D Expenditure, $Million, 2018-2020
Figure 52:    Fuji Electric Co., Ltd.: R&D Expenditure, $Million, 2018-2020
Figure 53:    Mitsubishi Heavy Industries, Ltd: R&D Expenditure, $Million, 2018-2020
Figure 54:    Toshiba Corporation: R&D Expenditure, $Million, 2018-2020
Figure 55:    Ansaldo Energia S.p.A.: R&D Expenditure, $Million, 2018-2020
Figure 56:    Siemens AG: R&D Expenditure, $Million, 2018-2020
Figure 57:    Research Methodology
Figure 58:    Top-Down and Bottom-Up Approach
Figure 59:    Assumptions and Limitations

Market Report Coverage

Enhanced Geothermal Systems Market

Base Year

2020

Market Size in 2021

$920.4 Million

Forecast Period

2021-2030

Value Projection and Estimation by 2030

$1,354.2 Million

CAGR During Forecast Period

4.4%

Number of Tables

184

Number of Pages

214

Number of Figures

59

Market Segmentation

•    End User:  Commercial, Industrial

•    Resource Type: Convective Hydrothermal, Sedimentary Basin, Solidified Hot Dry Rock, Part Still Molten Magma, Geo-Pressured, Radiogenic

•    Depth: Shallow, Deep

•    Power Station Type: Dry Steam Power Stations, Flash Steam Power Stations, Binary Cycle Power Stations

•    Stimulation Method: Hydraulic, Chemical, Thermal, Explosive

Regional Segmentation

•    North America: U.S., and Mexico

•    Europe: Germany, Russia, Italy, and Rest-of-Europe

•    U.K.

•    China

•    Asia-Pacific and Japan: Japan, Indonesia, Philippines, New Zealand, and Rest-of-Asia-Pacific

•    Rest-of-the-World (RoW)

Market Growth Drivers

•    Reliable Technology to Produce Continuous Baseload Power

•    Rise in Energy Demand Due to Increase in Population and Rapid Industrialization

•    Emission Reduction along with Energy Security

•    Reliable and Controllable Source of Power

Market Challenges

•    Risks Associated with Exploratory Drilling

•    Induced Seismicity

•    High Gestation Period for the Plants

•    High Initial Costs

Market Opportunities

•    Geothermal Development in the Country Of Africa Provides a Decent Market Opportunity

•    Geothermal Plants Combined with Natural Gas Power Plants

•    Improving the Efficiency of the Current Generating Sites

•    Huge Projects in Indonesia and the Philippines Presents a Market Opportunity to Tap Into

Key Companies Profiled

Enel SpA, Ormat Technologies, Inc., AltaRock Energy, Inc., Royal Dutch Shell Plc, Kenya Electricity Generating Company Limited, BESTEC GmbH, SA Géothermie Bouillante, Fuji Electric Co., Ltd., Calpine Corporation, Energy Development Corporation, Mitsubishi Heavy Industries, Ltd, Toshiba Corporation, Ansaldo Energia S.p.A., Siemens AG

How This Report Can Add Value

This extensive report can help with:

•    A dedicated section focusing on startup landscape in enhanced geothermal system market covering key startup in the ecosystem, funding analysis, major and top investors in the industry
•    Extensive competitive benchmarking of top 15 players offering a holistic view of the global enhanced geothermal system market landscape
•    Qualitative and quantitative analysis of enhanced geothermal system market at the region and country-level and granularity by application and product segments 
•    A detailed plant-level analysis covering all the EGS plants around the world along with EGS plants that are under development. The following aspects of plants are covered in detail:
        a.    Power Station Type Used
        b.    Rock Structure Analysis
        c.    Geographical requirements
        d.    Depth and other suitable requirements

Product/Innovation Strategy: The product segment helps the readers in understanding the different types of components and technologies used in manufacturing industries across the globe. Also, the study provides the readers with a detailed understanding of the enhanced geothermal system market by application and product.

Key Questions Answered in the Report

•  What are the driving factors for the global EGS market from 2020 to 2030, and which factors are impeding the growth of the global EGS market?
•  Which countries are the prime adopters of these systems, and what could be the possible market demand of EGS in renewable energy generation in different countries and regions? What are the future plans of renewable energy generation pertaining to the EGS system market?
•  Who are the major players, and what strategic measures are being taken by them to increase their presence and market share?
•  What are the key developmental strategies implemented by the key players to sustain in the competitive market?

Report Summary

Enhanced Geothermal Systems

Geothermal energy is the thermal energy in the Earth's crust that originates from the formation of the planet and radioactive decay of materials in currently uncertain but possibly roughly equal proportions. A geothermal resource requires fluid, heat, and permeability to generate electricity:

•    Fluid - Sufficient fluid must exist naturally or be pumped into the reservoir.
•    Heat - The Earth's temperature naturally increases with depth and varies based on geographic location. 
•    Permeability - In order to access heat, the fluid must come into contact with the heated rock, either via natural fractures or through stimulating the rock.

Conventional hydrothermal resources contain all three elements naturally. Increasingly, however, at places where no natural geothermal resources in the form of steam or hot water exist, the heat of the rock can be used by creating artificial permeability for fluids extracting that heat. This type of geothermal system is known as enhanced geothermal system (EGS).

Enhanced Geothermal Systems Industry Overview

The global enhanced geothermal system (EGS) market is estimated to be $886.8 million in 2020. It is projected to reach a value of $1,354.2 million by 2030, at a CAGR of 4.4% during the forecast period (2021-2030).

Market Segmentation

Enhanced Geothermal Systems Market by Depth

At high depth, the temperature of the Earth’s crust increases. Additionally, with the rise in temperature, the performance of EGS plants increases exponentially. Moreover, as the well temperature increases in an EGS plant, the power price becomes competitive with other energy generating sources. Owing to these advantages, deep EGS is expected to be the fastest-growing segment, growing at a CAGR of 4.7% during the forecast period 2021-2030.

Enhanced Geothermal Systems Market by Power Station Type

Binary cycle power stations make up almost two-thirds of geothermal energy sources installed currently and are used where the water-dominated geothermal reservoirs with temperatures above 180°C are present.

Enhanced Geothermal Systems Market by End User

The Commercial sector is the largest end user of EGS generated electricity globally. In 2020, the Commercial sector had an electricity demand of 941.2 MWe through EGS plants. The commercial sector is energy-intensive sector having greater demand from end-users such as offices, supermarkets/hypermarkets, government, healthcare, hospitality, transportation, educational institutions, cold storage facilities, data centers, banks, department stores, convenience stores, and stadiums.

Enhanced Geothermal Systems Market by Region

North America is the largest market for enhanced geothermal systems globally. The U.S. is the primary area driving expansion in the North America enhanced geothermal systems market, owing to rising clean electricity demand and increasing emission-cutting policies.

Key Market Players and Competition Synopsis

Enel SpA, Ormat Technologies, Inc., AltaRock Energy, Inc., Royal Dutch Shell Plc, Kenya Electricity Generating Company Limited, BESTEC GmbH, SA Géothermie Bouillante, Fuji Electric Co., Ltd., Calpine Corporation, Energy Development Corporation, Mitsubishi Heavy Industries, Ltd, Toshiba Corporation, Ansaldo Energia S.p.A., Siemens AG

The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details of companies such as their product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the enhanced geothermal system market.

FAQ's

What is the estimated growth rate of the enhanced geothermal system market in the coming years?

The global enhanced geothermal system (EGS) market is estimated to be $886.8 million in 2020. It is projected to reach a value of $1,354.2 million by 2030, at a CAGR of 4.4% during the forecast period (2021-2030).

Which are the top market players operating in the enhanced geothermal system market?

The top market players are Enel SpA, Ormat Technologies, Inc., AltaRock Energy, Inc., Royal Dutch Shell Plc, Kenya Electricity Generating Company Limited, BESTEC GmbH, SA Géothermie Bouillante, Fuji Electric Co., Ltd., Calpine Corporation, Energy Development Corporation, Mitsubishi Heavy Industries, Ltd, Toshiba Corporation, Ansaldo Energia S.p.A., Siemens AG.

What are the factors driving the growth of the enhanced geothermal system market?

Factors driving the growth of the enhanced geothermal system market are the reliable technology to produce continuous baseload power, rise in energy demand due to increase in population and rapid industrialization, emission reduction along with energy security, and reliable and controllable source of power.

What are the challenges restricting the growth of the enhanced geothermal system market?

Some of the main challenges restricting the growth of the enhanced geothermal system market are risks associated with exploratory drilling, induced seismicity, high gestation period for the plants, and high initial costs.

What are some of the opportunities in the enhanced geothermal system market?

The potential opportunities that are likely to boost the growth of the enhanced geothermal system market are geothermal development in the country of Africa provides a decent market opportunity, geothermal plants combined with natural gas power plants, improving the efficiency of the current generating sites, and a huge projects in Indonesia and the Philippines presents a market opportunity to tap into.

Enhanced Geothermal Systems Market - A Global and Regional Analysis

Focus on Resource Type, End User, Depth, Stimulation Method, Power Station Type, Supply Chain Analysis, Country-Wise Analysis, and Impact of COVID-19 - Analysis and Forecast, 2020-2030